Featured Quote

In 1913, Henry Ford wrote the following as the directors had been reaping the rewards of profits - "The wages we pay are too small in comparison with our profits. I think we should raise our minimum pay rate".

Friday, December 3, 2010

Media and Republican Lies

Jobs are not being created!  Millionaires and billionaires have the low tax rate right now and they are NOT doing a DANG thing to create jobs!  What makes the morons think that if they extend their tax cuts (at a cost of adding $700 billion to the deficit they claim they want to reduce) that the millionaires will suddenly start creating jobs?  Besides, they will get the same tax cut as everyone else - a cut on the first $250,000 of earnings!

Companies have millions in cash on hand and are just sitting on it!  Why? Because the middle class is under attack and we are shelling up!  We are not spending on stuff - therefore no demand (read that link!), therefore no job creation.  Its NOT millionaires and billionaires who create jobs.  It is We, The People, who create jobs - the middle class who purchase products and services.  We create the demand that requires those jobs to be created.

Another question on this topic is why are the media outlets not pointing this absolute fact out?  How can they ignore the stupidity of the idea that the rich create jobs?  They are only, what 2% of the population?  2% can not create the demand for product that creates jobs!! 10% couldn't drive demand!

Ever since the advent of "Supply Side" economics - also known as "Voodoo" economics - the middle class has been under attack and stagnating or declining.  You can "Supply" all you want - but if the middle class - the "Demand" side - has been drained dry, all purchasing power drained out by high cost of living, outrageous interest rates and predatory lending practices, then you are not going to sell much of anything.

Thursday, December 2, 2010

Listening to the Public?

Lets just pick a small thing here.  The Bush Tax Cuts - which Bush and cronies designed to expire.  The Republicans say they are listening to their constituents and want to extend the tax cuts for everybody.

However, that is not what their constituents want.  A few polls show that roughly 48% of Citizens want the tax cuts extended only for those making $250,000 or less.  37% want the rich to partake in the extension.  A bold 14% want to end the tax cuts for everyone - those are the people who are serious about bringing down the deficit.  And to round things out, 2% surveyed had no opinion.  So, at total of 62% of 'constituents' do not want tax cuts extended to the rich.

When these FACTS are evaluated - how can the republicans claim to be listening to the voters? How can they say with a straight face that they want to reduce the deficit?

Here are my calculations on the polls conducted :

And a little footnote article to read - Let's not do the crazy thing...