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The American People are the Big Losers In The Cliff Deal

George Washington's picture





 

The "fiscal cliff" deal will raise taxes for 77% of the American public.

It will add $4 trillion dollars to the deficit over the next 10 years.

It will create a drag on the economy equal to 1% of the gross domestic product.

It creates uncertainty in the following areas:

A) the debt limit, B) the sequestered amounts, C) cuts in entitlement spending, D) additional taxes and don't forget E) the President needs another Continuing Resolution (CR) to keep the lights on.

Blackrock's Larry Fink is correct when he says:

The American People are the Big Losers In The Cliff Deal.

Who benefits? The deal gives Puerto Rican rum makers, Nascar, banks like Goldman Sachs, and General Electric and other big companies tax subsidies. History repeats again and again.

The entire "fiscal cliff" is a ruse to fleece the people.  Once again, the government has pimped us out.

 


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Fri, 01/04/2013 - 15:09 | Link to Comment Gimp
Gimp's picture

Agree ...fiscal cliff, another sodomy act on the American public.  Take a look at your paycheck this January...mine was $200 lighter than in 2012.  Just the beginning of the buggery!

Fri, 01/04/2013 - 13:20 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

We don't have a taxing problem, Wurshington has a spending problem. This is their problem not ours unless I unwittingly entered an agreement with my Govt. that I will cover all their short commings, as if I was a partner in a Corporation?

 

Corporations ARE people, you and I, Welcome to the Corporate STATES OF AMERICA. You guy's will catch on soon..

Fri, 01/04/2013 - 14:11 | Link to Comment The Heart
The Heart's picture

"We don't have a taxing problem, Wurshington has a spending problem."

All this talk about the fiscal situation and the funny thing is, NO ONE talks about slashing the entire military budget to save the nation. Why?

Fri, 01/04/2013 - 14:04 | Link to Comment Snakeeyes
Snakeeyes's picture

Exactly George. Wages and salaries falling as % of GDP while corporate profits skyrocket. So Congress/Obama gives corporations MORE tax breaks and raises taxes on individuals. Corporate welfare epitomized.

http://confoundedinterest.wordpress.com/2013/01/03/pork-salad-harry-mill...

Fri, 01/04/2013 - 13:08 | Link to Comment sgt_doom
sgt_doom's picture

Malala, The Flower of Pakistan

Malala was finally discharged from the hospital after the horrendous attack on her by members of the Pakistani Taliban. 

Malala's father was recently appointed to the position of educational attaché at Pakistan's London embassy, so hopefully Malala will be out of harm's way for awhile.

Pakistan has a history of strong and brave women, although little heard of in the West.  Fatima Bhutto is a sterling example of female activists in that country.

While Ms. Bhutto's relative, Benazir Bhutto, had a political career tainted with corruption (a missing billion here, a missing billion there, and she would accede to the destruction of her people's rights in return for political power, much like Obama and Clinton have acceded to the destruction of the rights of Americans), overall the Bhutto family has been a historic force for much progress in Pakistan.

It's curious to note that it was Condoleezza Rice, late in the Bush administration, who urged Benazir Bhutto to return to Pakistan to seek the position of president or prime minister of that country.  Several weeks prior to her return, John Negroponte would visit the same region of Pakistan.

Whenever an assassination or lengthy period of bloody violence occurs, somehow Negroponte always appears in the neighborhood?

When Diem of Vietnam was assassinated, Negroponte was nearby.  A short while later, during the assassination of President John F. Kennedy, Negroponte was sighted in the vicinity; perhaps temporarily attached to the American embassy in Mexico City?

Negroponte received his nickname of "Death Squad John" after Jack Binns, Jimmy Carter's appointed ambassador to Honduras, was replaced with Negroponte by Ronald Reagan.

It seems that Ambassador Binns had been vociferously complaining to Washington about the violence perpetrated by corporate-financed militias, so the honorable former naval career officer had to go!

Shortly after Negroponte's appointment as ambassador to Honduras, death squads began appearing.  This wasn't Negroponte's first introduction to death squad activities as Negroponte was supposed to have been associated with the notorious Phoenix Program during the Vietnam War.

Interesting to observe that both Condoleezza Rice and John Negroponte are members of David Rockefeller's Trilateral Commission; could the elderly David Rockefeller be pulling the strings behind the scenes?

He does vacation yearly in Childe, visiting the Josef Mengele Rejuvenation Clinic he helped finance --- he'll probably outlive us all.  (And we can depend on obfuscatory and confusing reportage, thanks to fellow Trilateral Commission members, Charlie Rose [Charlie Rose Show], along with representatives of the Washington Post, New York Times, US News & World Report, etc.)

Lately, John Negroponte has been with the Jackson Institute at Yale University, along with Gen. McChrystal, Ernesto Zedillo and the usual suspects.  (Jackhole Institute ? ?)

As Gerald Celente once remarked, America's problems can be summed up thusly: 

"Bullets, bombs and banks; Harvard, Princeton and Yale."

 

Fri, 01/04/2013 - 15:28 | Link to Comment sgt_doom
sgt_doom's picture

Correction:  Not "Childe"  but the country, Chile.

apologies...

Fri, 01/04/2013 - 15:15 | Link to Comment Gimp
Gimp's picture

Sgt_Doom as usual a very interesting piece. Had no clue of Negropontes "appearances" as needed.

Just bought Oliver Stone's new book "The Untold History of the United States".

The truth will set you free? 

 

Fri, 01/04/2013 - 15:29 | Link to Comment sgt_doom
sgt_doom's picture

thanks, not sure if it will set us free, but certainly keeps us from wasting precious time on some things....

Fri, 01/04/2013 - 12:49 | Link to Comment Papasmurf
Papasmurf's picture

Pushing wealth to the top is the masterplan.  Wash, rinse, repeat.

Fri, 01/04/2013 - 12:25 | Link to Comment GCT
GCT's picture

Some of you cannot see the forest for the trees.  I may indeed be looking at this bill wrong.  But it appears to me that the repubs won.  The rich make their money with money and they still avoid the tax rates the dems wanted.  They now have permanent tax tables for you and I.  We took the screwing not the rich.  They will still be paying far less than whats in the tax tables because they derive their income in the money markets.

I think there is more to this then just the new taxes myself. Go read the bill it is only 154 pages. The repubs pulled a fast one on the Dems this time from my view of the bill.  At the same time squeezing the working stiffs with their new deduction schemes and different schemes in the bill for us to pay increased taxes.

 

Fri, 01/04/2013 - 06:46 | Link to Comment smacker
smacker's picture

From the quoted blog article: http://www.washingtonsblog.com/2012/12/its-not-a-fiscal-cliff-its-the-de...

"Economist Marc Faber calls the U.S. a “failed state“. Indeed, we no longer have a free market economy … we have fascism, communist style socialism, kleptocracy, oligarchy or banana republic style corruption."

........................................................................................

I entirely agree with this. For sure, America has moved away from free market capitalism progressively since (probably) the end of WWII. Whether today's model is socialism or fascism is a tad by-the-bye because fascism is the jackboot wing of socialism. Kleptocracy, oligarchy/and banana-republic corruption are simply features of fascism.

That's why Mussolini invented it. He was a lifelong socialist who (eg) got frustrated with the trains running late and was then able *to instruct* the media to report that the trains were running on time. In the minds of fascists, problem solved! Ditto Hitler (some say the Nazis were jackboot Marxists). And ditto Mr Tony Blair in the UK (a lifelong socialist who introduced Mussolini-style fascism into Britain and is now jockeying to become the unelected President of the European Union where he has plenty of support from the likes of EC President Barroso - himself an ex-Mao communist).

Like a coin, fascism has two sides: the economic side that we all know where the state and big corporates are in bed together in a mutually beneficial corrupt relationship (corporate fascism), and always at the expense of the citizens. And the authoritarian jackboot side which soon emerges to impose the state's will by force when the citizenry rebel against what's happening. It is this latter side that we now see emerging in America (and also the UK/EU, btw).

An example is the recently exposed plot to assassinate leaders of the Occupy Wall Street group involving corporate America, DHS and FBI.

From Winston Churchill election speech 1945:

"I must tell you that a Socialist policy is abhorrent to British ideas on freedom. There is to be one State, to which all are to be obedient in every act of their lives. This State, once in power, will prescribe for everyone: where they are to work, what they are to work at, where they may go and what they may say, what views they are to hold, where their wives are to queue up for the State ration, and what education their children are to receive. A Socialist State could not afford to suffer opposition - no Socialist system can be established without a political police. They [the Labour government] would have to fall back on some form of Gestapo."

Back in 1995, I wrote (paraphrased): "Fascism is on the rise again in Europe. This time round they won't be wearing military fatigues and goose-stepping in jackboots. They'll be wearing Armani suits and dining in the best restaurants".

Sadly, I was right.

The future is not good. Such fascist statism always leads to economic catastrophe, social collapse and often war. The people are always the losers. But like in Italy & Germany, they won't take action against it until a huge amount of damage is already done.

Fri, 01/04/2013 - 09:18 | Link to Comment Seer
Seer's picture

"For sure, America has moved away from free market capitalism progressively since (probably) the end of WWII."

For sure?  Really?

Do you realize that the govt had the most control over business during WWII?  Does "Rosie the Riveter" mean anything to you?

And what of WWI?

Really, I mean, WTF?  The US was FORCING young men to go fight.  And you're recalling this time frame as one of "free market capitalism?"

I don't believe there's any need to bring up the various programs that the FDR administration enacted prior to the end of WWII.

People need to quit with the fantasizing.  Stuff was never better during some previous time.  Stuff was just DIFFERENT.  The ONLY inescapable facts (other than the sun will rise tomorrow) is that the human population is continuing to increase AND the amount of readily extractable resources from the earth are declining.  It is these facts that will drive what happens in our future.  Spouting lots of great-sounding platitudes about how wonderful "freedom" and other stuff is/was is all fine, but it is really no more than words (and words cannot overcome physical obstacles).

Fri, 01/04/2013 - 10:18 | Link to Comment smacker
smacker's picture

Point taken. I referred to the period since WWII because that is the approximate period of my own life which I'm familiar with.

But I'm very willing to accept that the process began a long time before that...perhaps as far back as Lincoln ;-) But I believe there's been a step change in recent times towards overt domestic fascism. This is where the jackboots come in. Only today, RT.com are headlining Obama's new 'indefinite detention powers of American citizens' and reporting on the FBI's characterization of Occupy folks as 'domestic terrorists'. I'm not aware any of this happened in the past (at least not lawfully).

Many more Americans to understand what's going on...

Fri, 01/04/2013 - 10:30 | Link to Comment Seer
Seer's picture

I just like to make sure that facts and logic are straight.  This is important when arguing/presenting a point.

CONTROL by POWER will always step up when pressures against it start to mount.  All of this is quite predictable, it always happens as resource shortages set in.  The US managed to hide this a bit in its propaganda of "spreading democracy" as it went to war to open up trade routes (oil pipelines; remove control of other people's resources for the good of "democracy").  BUT, sooner or later this stuff can't be kept from plain view: and this is why there is increasingly more domestic controls put in place.

One needn't call it anything other than this (lest it invoke all sorts of knee-jerking, political-based attacks).

Sadly, I see no "solution," no return to the "good old days."  The fire WILL burn itself out; after which most all will be charred- what, and how to rebuild after such time is a bit tricky... only know that much of what burned won't be of a lot of use anyway- it'll be a much different world, threats will be much closer, though, of less size and power.

Fri, 01/04/2013 - 15:56 | Link to Comment smacker
smacker's picture

Well, I wish you were right and that what we see happening is a phase brought about by the pressures building up on those in power. You may be right, but I believe their actions have other agendas not dissimilar to the days of the Soviet Union and Nazi Germany. I believe there is a political agenda. Such top-down power used/abused as we see always causes unintended consequences, like we see from the Fed's actions and its progressive destruction of free markets. It also lets the jackboots out of their cages, like the TSA at US airports etc (not much better at UK airports). People of this ilk were debated in this recent article: http://www.alt-market.com/articles/1171-statist-thugs-and-the-rocks-they...

Here's a quote which seems relevant to this debate:

A matter of time...
"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury.

From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship...

The average of the world's greatest civilisations has been two hundred years. These nations have progressed through this sequence:-
From bondage to spiritual faith; from spiritual faith to great courage; from courage to liberty; from liberty to abundance; from abundance to complacency; from complacency to apathy; from apathy to dependence; from dependence back to bondage."
--Alexander Fraser Tytler (1747-1813)--

 

Fri, 01/04/2013 - 02:49 | Link to Comment Joe A
Joe A's picture

So you have two parties in the US. One is about the interests of the rich, the other about the interests of the poor (a bit of a generalisation, I know). So who then do you expect to foot the bill? Yes, the people who are not represented by a party: the middle class. You see, fascists and communists who were fighting each other in the 20th century found out they have something in common: they hate the middle class with its reasonable standard of living, freedom, education, etc. and decided to join hands to screw them for their own mutual benefit.

Fri, 01/04/2013 - 07:32 | Link to Comment Setarcos
Setarcos's picture

Two parties?  Please tell me that you are making a sick joke, but I fancy that you are not.

Both only-nominal 'parties' are bought and paid for by Wall Street.

Both only nominal 'parties' are beholden to the Zionist lobby.

And it seems that you are stuck-fast in Cold War rhetoric and the false left-right bullshit.

Seems that you've missed the fact that the banksters rule the world and that the MSM have controlled your mind with slogans that serve no one well, except for the small number of people who actually run the world.

Nathan Rothschild stated, circa 1830 (paraphrasing) that he did not give a toss about politicians, because he controlled the finances that they depend on, so he ruled the world.

OK it has taken some 190 years for banksters to fully financialize the world - bar a few resisters like Libya (gone) and Iran - but the global deed is nearly done; helped along by those who still believe that there is a choice between essentially identical 'parties', both funded by the same corrupting lobbyists ... why else do you think that not a single criminal from Wall Street has been gaoled?

Why else do you think that no criminal from the Bush admin has been prosecuted?

Why else do you think that the Obomber admin will never re-open an enquiry into 9/11?

Fri, 01/04/2013 - 08:38 | Link to Comment Seer
Seer's picture

But... it's all just marking time...

Eventually the physical world will assert itself.  Our growth paradigm is going to slam up against the wall of the physical, finite world.  If we learn to ignore the calls to gods and masters we might have a future; but, given the propensity for folks to swallow the divide and conquer propaganda ("illegals" etc.) I doubt it (as the sociopathic leaders will be calling for the heads of others as the culprits of the masses' miseries [this footprint is stamped on the cover of the book of Human History]).

Fri, 01/04/2013 - 03:37 | Link to Comment EscapingProgress
EscapingProgress's picture

No, there is only one viable political party in America. The sociopath party. They pretend to care about the poor, so they can create social welfare programs that expand their control over your everyday life and increase the ranks of the poor (it's a downward cycle) resulting in further expansions of their control over you and increasing your dependence upon them. Sociopaths love this shit. They don't care for the poor or the middle class or even the rich. They only care about themselves. They believe themselves to be omniscient, exceptional, irreplaceable. The poor need them, the old need them, the sick need them, you need them, everybody needs them. In their eyes they are gods!

The greatest enemy of humanity always has been and always will be the sociopath.

Fri, 01/04/2013 - 08:24 | Link to Comment Seer
Seer's picture

"there is only one viable political party in America. The sociopath party."

The one that's based on the paradigm of grow-or-die- perpetual growth on a finite planet.  Oh, wait! that's what POWER has ALWAYS been about!

"The greatest enemy of humanity always has been and always will be the sociopath."

On a day-to-day basis I feel that hunger, meeting my basic needs, can be my biggest, most frequent and most threatening enemy.

Sociopaths always have and always will exist.  That's why it's NOT a good idea to provide them with levers of power (which they will always seek out; and, beat out others to because it's their nature).

I do not believe that any persons/groups who have more power than of a single person would desire to kill off the system that supports their position.

Fri, 01/04/2013 - 07:28 | Link to Comment Setarcos
Setarcos's picture

And, since at least the times of Alexander the (un)Great, sociopaths have always ruled the world ... which is why the bulk of the history of our species is about wars.

Virtually nothing has been written/recorded about times of peace.

IF this planet and our species comprize a cosmic experiment to find out if it is possible to live in harmony, then FFFFFFFFFFFFFFFFFFFFFFF.

BTW I am trying to make up for the absence of CD, who used to do a far better job of exposing sociopathy, psychopathy and cognitive disonnance than I can do.

Fri, 01/04/2013 - 08:31 | Link to Comment Seer
Seer's picture

ALL WARS ARE ABOUT RESOURCES.

It takes a sociopath to execute wars.  If sociopaths have the resources (which would mean a placated populace) there is no need to engage in war.  However, with steadily increasing population sizes and decreasing resources we are/will be exposed to more calls to sociopathic behavior.

Unfortunately, "peace" is just a momentary condition between wars/quests for resources.  Learn to enjoy a full stomach when you can...

Fri, 01/04/2013 - 01:45 | Link to Comment tony bonn
tony bonn's picture

thank you president washington for your correct and beautiful insight into another episode of nazi nation.

Fri, 01/04/2013 - 00:29 | Link to Comment pragmatic hobo
pragmatic hobo's picture

just imagine what might have been had mitt romney got elected, ... it could have been a whole lot worse.

Fri, 01/04/2013 - 08:26 | Link to Comment ISEEIT
ISEEIT's picture

Got news for ya 'deep thinker'..............If those sociopaths running this circus had wanted a different outcome, they would have got it.

Barry is their boy.

Thu, 01/03/2013 - 23:13 | Link to Comment The Heart
The Heart's picture

So here’s the possible pickle,

It is not about financial things that will soon be gone, it is about the salvation of the country, freedom, privacy, and liberty. The foundations upon which it was founded on. It is about the very civilization in which you spend that worthless paper in for soon, it might crash and burn out. When it does and right on cue, we will see all manor of evil pour forth in private mercenary forces unleashed from underground storage when the next trigger events are set off by the evil that wants to cover up all the corruption with more war, martial law, executive orders, gun grabs, contrived conflicts, propaganda, and more and more division, the dis-ease of man.

The babylonians will crash the system and there are already preparations for this event to come. It is a known planed coming event. The governors of the states KNOW this is coming like many others do. EVERYTHING ELSE IS A DISTRACTION from the lock down and planned anarchy that is in the works. This is why all those criminals in babalonia are nervous and doing more hokey-pokey dancing than ever seen. It is the last clown act before the dash into the bunkers. One would think they were all going for academy awards in their acting and grandstanding to keep the charade up and ongoing.

When the time comes…crash…boom…PD-51 that still no one has even seen. There will be a few other nazi-germany like moves to lock down everything for total control purposes and blame patriots and gun owners for all the problems that will be forthcoming. The Gestapo will roll out. These babylonians are all the same murderous evil that has been let loose on all the rest of the unarmed world only now, they are in america being trained to go house to house to pick up and deliver hell to a theater near you soon.

Who pays these evil things and what can stop it all?

Meanwhile, America prepares for the onslaught. Home defense has never been a more important issue on most awakened americans minds. Gun and ammunition sales are off the hook and record setting. The darn sad deal in a country gone to SSRI drugs, TV illusions, and the better side of a mind-controlled insanity, is it is now ripe to be picked and yard farmed and America says, bring it on!

Timing. It is all in the planed timing as outlined in the Protocols.

If you think this alarming, here are two radio shows from the GCN radio network that will knock your socks off if you have not already heard them. Any freedom loving American should be angered that they are actively preparing now for this crash and third world war on YOU the people. You and your children are about to see what Gazans see every day. TYRANNY up front and center. You allowed it so long that you thought it could never happen to you and your ivory towers. We guess what? It will!

If you listen to these clips, you will feel the chilling truth in this policeman’s voice and then have to ask yourself, are you seriously ready for this to come to you in the next few months, or who knows when?

Butch Paugh Show Call to Decision 1-2-13:

http://archives2013.gcnlive.com/Archives2013/jan13/CalltoDecision/010213...

Butch Paugh Show Call to Decision 12-28-12

http://archives2012.gcnlive.com/Archives2012/dec12/CalltoDecision/122812...

Many people are hearing this too and sharing the information around now. We as all good hearted folks do pray that those who wield those double-edged swords of truth and justice do the right thing when this insanity hits the rotating device. As it stands now, it looks like the Ides of March will indeed be something to be wary of. The lights in the watchtowers are on.

May God save the American dream of freedom, liberty, and true justice for all. Let Hope, Faith, and Charity never be lost because we always listen to our Heart first.

.

Fri, 01/04/2013 - 08:15 | Link to Comment Seer
Seer's picture

Fuck Hope!  No, seriously, quit propagating the fantasy notion that Hope is somehow a means for improving one's situation/future.

Beyond Hope

http://www.orionmagazine.org/index.php/articles/article/170/

Further, this is no longer the same world that our "founders" "discovered."  Back in 1790 the US census showed a population size of 3,929,214, with 94.1% of the population listed as being "rural."  The 2000 US census showed a population size of 291,421,906, with 19% of the population listed as being "rural."  Nearly a hundred-fold increase.  What do people think is going to happen as the population size increase yet more?  Just how "free," how much "liberty" and "true justice" do you really think there can be?

Gott mit uns?

From http://www.albartlett.org/presentations/arithmetic_population_energy_tra...

Bill Moyers interviewed Isaac Asimov. He asked Asimov, “What happens to the idea of the dignity of the human species if this population growth continues?” and Asimov says, “It’ll be completely destroyed. I like to use what I call my bathroom metaphor. If two people live in an apartment, and there are two bathrooms, then they both have freedom of the bathroom. You can go to the bathroom anytime you want, stay as long as you want, for whatever you need. And everyone believes in freedom of the bathroom. It should be right there in the constitution. But if you have twenty people in the apartment and two bathrooms, then no matter how much every person believes in freedom of the bathroom, there’s no such thing. You have to set up times for each person, you have to bang on the door, ‘Aren't you through yet?’ and so on.” And Asimov concluded with one of the most profound observations I've seen in years. He said, “In the same way, democracy cannot survive overpopulation. Human dignity cannot survive overpopulation. Convenience and decency cannot survive overpopulation. As you put more and more people into the world, the value of life not only declines, it disappears. It doesn’t matter if someone dies, the more people there are, the less one individual matters.”

Sat, 01/05/2013 - 09:32 | Link to Comment matrix2012
matrix2012's picture

Thanks Seer, those links provide very good readings, esp. the English transcript of Arithmetic, Population and Energy - a talk by Al Bartlett on the impossibility of exponential growth on a finite planet ...

The quote on Asimov is fascinating, and it's so true!!  I wonder which culprit here bothered to red-arrow it ???

'Ignorance is bliss, reality is not.'

matrix

+10

Thu, 01/03/2013 - 23:13 | Link to Comment Careless Whisper
Careless Whisper's picture

I told a friend of mine, you realize that your taxes are going up by 2% ?; he says, that's a lie, bama only raised taxes on the rich guys on wall street. These people are beyond brain washed. They must have found a way to secretly implant a nano chip or something. 

Fri, 01/04/2013 - 12:09 | Link to Comment conspicio
conspicio's picture

Aha, I was just reading this thread wherein a sheeple realizes what has been done in his world and other sheeple counsel him with various opinions:

 

http://www.democraticunderground.com/10022125273#post84

 

Funniest shit you'll read all day. Well, it is for me only because my day does not involve the funny shit. Deathly serious shit only, of course. </s>

Thu, 01/03/2013 - 22:22 | Link to Comment Meremortal
Meremortal's picture

Is it time for my shocked face?

Thu, 01/03/2013 - 22:12 | Link to Comment Zer0head
Zer0head's picture

oh it's all okay now

FTC: Google did not break antitrust law with search practices

http://www.washingtonpost.com/business/technology/ftc-to-announce-google...

 

 

 

Thu, 01/03/2013 - 21:57 | Link to Comment working class dog
working class dog's picture

Go to you tube TYT and see the latest clip, the leader of the TEA PARTY IS DELIGHTED,

he got his tax cuts for the rich!!, THe tea baggers are the white man's dog , dog.

Fri, 01/04/2013 - 07:59 | Link to Comment Seer
Seer's picture

Party Pussy, go home!

It's like this... even if the "rich" get additional breaks do you think that it really matters when most is measured in shitty assets (stuff that won't be of much use in the future) and fiat money?  Mother Nature is going to even things out; there will be NO parties; it won't be an issue of taxes; and, folks should be prepared to dig in the dirt (or do hunting and gathering).

People ought to quit trying to measure themselves against those that they do not like and (by default, lest one is a hypocrite) should not be like.  And, doing so using a total fantasy System?  Check your sanity!

Thu, 01/03/2013 - 22:36 | Link to Comment notadouche
notadouche's picture

What does that make Obama?

Thu, 01/03/2013 - 22:24 | Link to Comment Meremortal
Meremortal's picture

There is no leader of the Tea Party. That's a pretender.

Thu, 01/03/2013 - 21:53 | Link to Comment working class dog
working class dog's picture

There is one reason why the stock market surged after fiscal cliff deal made, since 90% of the stocks are owned by 5 % of the US population, the FISCAL CLIFF DEAL WAS AN ASTOUNDING VICTORY FOR THE REPUBLICANS and thier rich masters.Also Boehner negoitiated a tremendous tax cut for the rich, as the expired cuts by bush would have made them pay for the great gifts this country has given them.

For details go to you tube TYT and see the most recent clip on the details of what the democrats handed the rich boys on a silver plater. All Obama had to do was to let everything expire and just introduce a bill to make PERMANENT a reduced tax plan for the middle class and let the perks expire on the wealthy, he has all the cards and he blew it. I think he is a republican.

Listen to you tube for the details.

Obama signed off on making NEW LOWER TAX RATES FOR THE RICH. The old ones expired and he signed off on new lower rates, HE GAVE A PERMANENT TAX CUT TO ThEW WEALTHY AND THE MIDDLE CLASS TAX CUTS EXPIRE IN 5 YEARS, WHAT A PUKE. WE WERE BLACK MAILED AGAIN BY CONGRESS. Who gives a damn if the stock market crashes, 95% of the people do not own stock? 

Fri, 01/04/2013 - 00:08 | Link to Comment michiganmaven
michiganmaven's picture

99% of all statistics are made up on the spot.....

Fri, 01/04/2013 - 00:13 | Link to Comment akak
akak's picture

... for the four out of three Americans who are bad with math.

Thu, 01/03/2013 - 22:29 | Link to Comment Meremortal
Meremortal's picture

 "95% of the people do not own stock?"

 

Where do you get such ideas? Well over half of America is invested in stocks through retirement and personal accounts, not to mention almost all pension funds invest heavily in stocks.

People who don't own stock can benefit indirectly since stock sales finance jobs. Or at least that's how it works in capitalism. Maybe we'll try that again someday.

There's nothing wrong with the concept and use of a stock market. Ours is run by corrupt individuals, and our government is complicit.

 

That's the problem.

 

 

Fri, 01/04/2013 - 12:39 | Link to Comment RKDS
RKDS's picture

Try reading next time.  He didn't say 95% don't own stock.  He said 90% of stock was owned by 5% of people.

Fri, 01/04/2013 - 07:51 | Link to Comment Seer
Seer's picture

Well, without knee-jerking (and baiting, which this person did)...  and in the interest of logic and rationality, let me offer the thought that perhaps he/she meant was total stock market wealth?  Such data is here (though perhaps not an exact match, it's close):

http://images.blatantworld.com/image/wealth_inequality_distribution_of_t...

"There's nothing wrong with the concept and use of a stock market. Ours is run by corrupt individuals, and our government is complicit."

That's what power and wealth does.  While I'd love some utopian environment I'm afraid that there will never be one to be found.  Markets are all about seeking to improve one's condition, and it's all "fair" to look to gain advantages- deception is deeply part of nature/survival.

Fri, 01/04/2013 - 08:17 | Link to Comment new game
new game's picture

deception is deeply part of nature/survival. +10 seer.

humans are no different than your cat or dog.

your thoughts go a long way towards understanding what and why we do what we do.

a evolution of new inputs, but following the laws set by physical reality.

the natural laws can be perverted only temporarily...

7 billion will be a fleeting number.

Fri, 01/04/2013 - 03:48 | Link to Comment JuicedGamma
JuicedGamma's picture

You're trying to talk sense to the senseless.

Thu, 01/03/2013 - 21:36 | Link to Comment Haole
Haole's picture

I think a $4 trillion increase in the deficit over the next 10 years is just a little bit of an underestimation given current dynamics and find it hard to believe this figure is being used everywhere as an extremely understated talking point.

Fri, 01/04/2013 - 07:42 | Link to Comment Seer
Seer's picture

Pretty sad when the best optimism that can be conjured up is something resembling: "less fatally killed."

Thu, 01/03/2013 - 21:26 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

The people always get screwed, but just a tiny amount each time so they won't really mind that much.

Fri, 01/04/2013 - 07:39 | Link to Comment Seer
Seer's picture

Do people demand a really just system? Well, we'll arrange it so that they'll be satisfied with one that's a little less unjust ... They want a revolution, and we'll give them reforms -- lots of reforms; we'll drown them in reforms. Or rather, we'll drown them in promises of reforms, because we'll never give them real ones either!!

DARIO FO, Accidental Death of an Anarchist

Thu, 01/03/2013 - 22:15 | Link to Comment Salon
Salon's picture

Just the tip baby.

I promise

Thu, 01/03/2013 - 20:33 | Link to Comment Racer
Racer's picture

Why did the 'market' not tank? Because those that control it knew it was a ruse to fuck the shit out of gold lest anyone think of buying it before the next round of QEasying

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