Ronald Reagan

2009/04/15

Reagan Myth one: he lowered taxes. This is not true. He did lower marginal income tax rates a benefit that accrued to those with the highest incomes. Then — ELEVEN TIMES — he raised taxes. He invented a new name for taxes, calling them user fees, and revenue enhancements, after that there was loophole tightening. The net effect was to raise taxes across the board, while narrowing the gap between what the haves and have not’s paid.

What other Reagan myth’s would people like to hear about?


Madoff Was A Piker — America’s Big Banks Are a Far Larger Fraudulent Ponzi Scheme | Corporate Accountability and WorkPlace | AlterNet

2009/04/07

Moyers Journal: Madoff Was A Piker — America's Big Banks Are a Far Larger Fraudulent Ponzi Scheme | Corporate Accountability and WorkPlace | AlterNet.

I have said this for years. To have believed all the hype over the last fifteen years one would have to believe in magic. Most of the wealth in this country as calculated by the dollar value of all notional currency is inherently false. Call it inflation, call it fraud, it is not real. All pension plans derive their ability to pay from current production regardless of notional contributions. We have an 18th century cash drawer mentality for a economy that is mismatched to that era’s ethos. If that fundamental contridiction is not addressed we will revist this again, the burst bubble, and want in a land of plenty.


It’s Always Hysteria with Some People

2009/03/22

The economy is bad, but in no way comparable to the Great Depression. Think 1974 or ’82. Though I respect Mr Obama, I do not support the current policy on helping the economy. It is money-centric games. We need to fight deflation, true. But this current imbroglio is a phenomenom of money and not actual productivity. People need jobs, housing, food. Get that in order, regulate phoney baloney financial manipulation, and that fixes most of our troubles. Careening from one financial scheme to another is no way to fix the economy.


DNC Blasts Boehner For Claiming GOP No Longer Plans To Legislate

2009/03/15


The GOP doesn’t deserve the attention it gets. But the Media turn everything into a horse race. The GOP are counter productive lunatic traitors to our country. A pox on them!
More on Video
Read the Article at HuffingtonPost


Primer on the Subrime Meltdown

2009/03/15

http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true


Lets Do Nothing and See What Happens

2009/03/14

In politics words are used to confuse and persuade all too often. Arguemnts take the form of equivocations and false logic. An example is the politician’s syllogism, also known as the politician’s fallacy is a (falsely) logical argument of the form:

We must do something
This is something
Therefore, we must do this.

Oh man, do we choke on this all the time or what?


Recession on track to be longest in postwar period

2009/03/08


The media are essentially disinformative. They inherently exclude the complex and tedious, and turn everything into a horse race.
More on The Recession
Read the Article at HuffingtonPost