I avoid state fairs now. They seem to have a problem with mob violence these days in which certain important overtones are conspicuously not talked about.
I am thinking that the stock market has been, and is, artificially high because of all the monopoly money Bernanke and Geithner have dumped into Wall St., etc., and stocks will continue to fall at least to a level where the market reflects earnings on things that the firms actually make and manage to sell.
In all this discussion about taxes Frum reminds us of the following: Obama’s only tax increases – those contained in the Affordable Care Act – do not go into effect until 2014. Personal income tax rates and corporate tax rates are no higher today than they have been for the past decade. The payroll tax has actually been cut by 2 points. Total federal tax collections have dropped by 4 points of GDP since 2007, from 18+% to 14+%, the lowest rate since the Truman administration.
If so minded, you could describe Barack Obama as the biggest tax cutter in American history.
In my neck of the woods I'm being innundated with Sandy Pasch commercials; I've never heard the term "super-rich" used before but its very prominent in all her commercials.
Then there's the ads by Mary Bell in support of Fred Wirch. She claims that she represents 98,000 education workers...frankly that's not something to boast about... 1 in every 49 people work in education.
But her point is that Wirch knew how to balance the budget correctly...he voted to increase funding for schools. The ad is so laughable that I wonder if they don't see its conveyed the exact opposite of the message they are attempting to send.
And I think this pouring of cash into Wall St. from the top has just masked the fact that we are in a recession and are not "recovering" as so many gasbags have been chattering about.
And I think all this cash is not going to sit on the sidelines forever; it is going to "trickle down" - quite likely in more than a "trickle" - and if there is not economic activity to make use of it, we are going to be off to the races again with inflation.
These geniuses from Wall St. serving time in the Government are like the guy with the hammer, who thinks every problem looks like a nail.
R-V wrote (with a straight face): If so minded, you could describe Barack Obama as the biggest tax cutter in American history.
But only in the sense that his party's policies have deflated the economy so much that even tax revenues are suffering. This is so anti-Clintonian it is unbelieveable.
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17 comments:
Poppies!
I'm so sleepy.
I'm glad I don't live in the southern Plains. What a wretched summer they are having.
Been at the State Fair?
I avoid state fairs now. They seem to have a problem with mob violence these days in which certain important overtones are conspicuously not talked about.
I am thinking that the stock market has been, and is, artificially high because of all the monopoly money Bernanke and Geithner have dumped into Wall St., etc., and stocks will continue to fall at least to a level where the market reflects earnings on things that the firms actually make and manage to sell.
A state fair is no place for a pink poppy to be.
Oz alternate ending
Blogger ricpic said...
A state fair is no place for a pink poppy to be.
----------------------
The state fair is no place for white rabbits
In all this discussion about taxes Frum reminds us of the following:
Obama’s only tax increases – those contained in the Affordable Care Act – do not go into effect until 2014. Personal income tax rates and corporate tax rates are no higher today than they have been for the past decade. The payroll tax has actually been cut by 2 points. Total federal tax collections have dropped by 4 points of GDP since 2007, from 18+% to 14+%, the lowest rate since the Truman administration.
If so minded, you could describe Barack Obama as the biggest tax cutter in American history.
In my neck of the woods I'm being innundated with Sandy Pasch commercials; I've never heard the term "super-rich" used before but its very prominent in all her commercials.
Then there's the ads by Mary Bell in support of Fred Wirch. She claims that she represents 98,000 education workers...frankly that's not something to boast about... 1 in every 49 people work in education.
But her point is that Wirch knew how to balance the budget correctly...he voted to increase funding for schools. The ad is so laughable that I wonder if they don't see its conveyed the exact opposite of the message they are attempting to send.
If so minded, you could describe Barack Obama as the biggest tax cutter in American history.
Stretching a little to far over the shark jump, aren't you?
And I think this pouring of cash into Wall St. from the top has just masked the fact that we are in a recession and are not "recovering" as so many gasbags have been chattering about.
And I think all this cash is not going to sit on the sidelines forever; it is going to "trickle down" - quite likely in more than a "trickle" - and if there is not economic activity to make use of it, we are going to be off to the races again with inflation.
These geniuses from Wall St. serving time in the Government are like the guy with the hammer, who thinks every problem looks like a nail.
Still celebrating the Anniversary?
Good for you.
The Blonde believes in celebrating her (and my) birthday (we're four days apart) all month long.
You may want to look into the practice.
Back to the poppies... Do I see two fairies near that Chinese lantern-looking thing in the middle of the picture?
Isn't it late for poppies?
How about your roses.
R-V wrote (with a straight face): If so minded, you could describe Barack Obama as the biggest tax cutter in American history.
But only in the sense that his party's policies have deflated the economy so much that even tax revenues are suffering. This is so anti-Clintonian it is unbelieveable.
Roesch, you need to read and understand The Parable of the Gas.
Where is Ann? And when will she concur with this good UVA law prof?
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