Comments on: Booms and Busts http://www.mahablog.com/2008/01/23/booms-and-busts/ Exposing the ugly truths about the Bush Administration. Fri, 05 Dec 2008 09:55:10 +0000 http://wordpress.org/?v=1.5.1.3 by: k http://www.mahablog.com/2008/01/23/booms-and-busts/#comment-524619 Wed, 23 Jan 2008 22:53:31 +0000 http://www.mahablog.com/2008/01/23/booms-and-busts/#comment-524619 Touche New campaign slogan: how about "welfare reform" for the wealthy that is Touche

New campaign slogan:
how about “welfare reform” for the wealthy that is

]]> by: uncledad http://www.mahablog.com/2008/01/23/booms-and-busts/#comment-524613 Wed, 23 Jan 2008 20:50:03 +0000 http://www.mahablog.com/2008/01/23/booms-and-busts/#comment-524613 I saw that Moyer's piece with David Cay; he's a pretty bright fellow although such a complex pyramid scheme is difficult to explain in a 10-minute segment on T.V. He wrote a book several years ago about how several well to do industries are ripping off social security as well. But his point about the money class in Washington is right on the mark, which is why to me it seems hopeless, anyone with any reform minded policies (reform that does not include cutting corporate tax rates) is belittled in the mainstream press (see John Edwards "Breck girl, 25,000 sp. ft. mansion, $400.00 haircut, etc). The folks with all the cash control everything john-Q-public see's on T.V. and John-Q-public has become disinterested in learning anything about the process because politicians "are all the same". I love that the Kudlow style pundits of the financial world are asking for corporate tax breaks, and permanent "Bu$hco" tax cuts. That will fix everything, poor more money into corporations so their stockholders can reap profits (with minimal dividend tax), while the rest of us watch our 401k's and IRA's fluctuate while they continue to take profits out of the market. I believe the fix to social welfare was welfare to work,” lets get these folks off the dole” and out in the workforce so they will become independent of the “welfare state”. Well what good for the folks is good for the markets, let it pull itself up by its bootstraps so the markets can be free of the “welfare state”. Did anyone see Letterman mess up Edwards hair last night? Too funny. I saw that Moyer’s piece with David Cay; he’s a pretty bright fellow although such a complex pyramid scheme is difficult to explain in a 10-minute segment on T.V. He wrote a book several years ago about how several well to do industries are ripping off social security as well. But his point about the money class in Washington is right on the mark, which is why to me it seems hopeless, anyone with any reform minded policies (reform that does not include cutting corporate tax rates) is belittled in the mainstream press (see John Edwards “Breck girl, 25,000 sp. ft. mansion, $400.00 haircut, etc). The folks with all the cash control everything john-Q-public see’s on T.V. and John-Q-public has become disinterested in learning anything about the process because politicians “are all the same”.

I love that the Kudlow style pundits of the financial world are asking for corporate tax breaks, and permanent “Bu$hco” tax cuts. That will fix everything, poor more money into corporations so their stockholders can reap profits (with minimal dividend tax), while the rest of us watch our 401k’s and IRA’s fluctuate while they continue to take profits out of the market.

I believe the fix to social welfare was welfare to work,” lets get these folks off the dole” and out in the workforce so they will become independent of the “welfare state”. Well what good for the folks is good for the markets, let it pull itself up by its bootstraps so the markets can be free of the “welfare state”.

Did anyone see Letterman mess up Edwards hair last night? Too funny.

]]> by: jerri http://www.mahablog.com/2008/01/23/booms-and-busts/#comment-524609 Wed, 23 Jan 2008 20:15:38 +0000 http://www.mahablog.com/2008/01/23/booms-and-busts/#comment-524609 The head scratcher for me is why did bush travel all the way to middle east to beg the dollar rich arabs to invest in citi bank. You would think bush would first ask halliburton or the American oil industry for some dollars. He did empty the treasury for them. The head scratcher for me is why did bush travel all the way to middle east to beg the dollar rich arabs to invest in citi bank. You would think bush would first ask halliburton or the American oil industry for some dollars. He did empty the treasury for them.

]]> by: Sachem http://www.mahablog.com/2008/01/23/booms-and-busts/#comment-524602 Wed, 23 Jan 2008 16:03:48 +0000 http://www.mahablog.com/2008/01/23/booms-and-busts/#comment-524602 This is a much larger than the banking industry. Throughout our economy, there are abundant examples of tax the poor, enrich the rich. Bill Moyers interviewed David Cay Johnston on his new book: FREE LUNCH: HOW THE WEALTHIEST AMERICANS ENRICH THEMELVES AT GOVERNMENT EXPENSE (AND STICK YOU WITH THE BILL.) They discuss how utilities owned by Buffet get interest free loans, how Trump milks tax revenues for development funds, and W's Texas Rangers scam where a tax built the Arlington Texas stadium thereby raising the value of the team. And so on. The "money" quote is this from the end of the interview: DAVID CAY JOHNSTON: The problem of the political donor class's outsized influence and its grip on Congress is bipartisan. There's one party in Washington. It's the party of money. It has different wings and factions. But Washington is the party of money. And the wealthiest people in America, the large corporations in America, are busy milking the government for everything they can get. And you are paying the price of their free lunch. Transcript and video are available <a href="http://www.pbs.org/moyers/journal/01182008/watch.html" rel="nofollow">here</a> This is a much larger than the banking industry. Throughout our economy, there are abundant examples of tax the poor, enrich the rich.

Bill Moyers interviewed David Cay Johnston on his new book: FREE LUNCH: HOW THE WEALTHIEST AMERICANS ENRICH THEMELVES AT GOVERNMENT EXPENSE (AND STICK YOU WITH THE BILL.)

They discuss how utilities owned by Buffet get interest free loans, how Trump milks tax revenues for development funds, and W’s Texas Rangers scam where a tax built the Arlington Texas stadium thereby raising the value of the team. And so on.

The “money” quote is this from the end of the interview:

DAVID CAY JOHNSTON: The problem of the political donor class’s outsized influence and its grip on Congress is bipartisan. There’s one party in Washington. It’s the party of money. It has different wings and factions. But Washington is the party of money. And the wealthiest people in America, the large corporations in America, are busy milking the government for everything they can get. And you are paying the price of their free lunch.

Transcript and video are available here

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