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Sunday, December 30, 2012

Occupy Wall Street Labeled "Terrorists" By The FBI | The Economic Populist

Occupy Wall Street Labeled "Terrorists" By The FBI | The Economic Populist:

 "Protest for economic justice and you are now a terrorist?  Wonder why all of a sudden cities across America coordinated and shut down the Occupy Wall Street movement?  Now we know and it was coordinated by the banks. The FBI, DHS, police, and private-sector financial businesses all coordinated to repress the people and suppress a movement. Civil Justice Fund a non-profit, posted FBI files which show this is what happened. Think we are free and have freedom of speech and protest in the United States? Freedom is allowed only if no one hears you."


Saturday, December 29, 2012

Articles: Why the Left Hates the Laffer Curve

English: Real Signiorage vs. Inflation Rate (L...
English: Real Signiorage vs. Inflation Rate (Laffer Curve) (Photo credit: Wikipedia)
English: The Laffer curve Svenska: Lafferkurvan
English: The Laffer curve Svenska: Lafferkurvan (Photo credit: Wikipedia)
English: Real Signiorage vs. Inflation Rate (L...
English: Real Signiorage vs. Inflation Rate (Laffer Curve) (Photo credit: Wikipedia)
Dansk: Laffer kurve
Dansk: Laffer kurve (Photo credit: Wikipedia)
Deutsch: Laffer-Kurve. Der Scheitelpunkt der P...
Deutsch: Laffer-Kurve. Der Scheitelpunkt der Parabel ist rein hypothetisch. (Photo credit: Wikipedia)
Neo-Laffer curve
Neo-Laffer curve (Photo credit: Wikipedia)
Laffer Curve
Laffer Curve (Photo credit: Wikipedia)
English: A non-symmetric Laffer Curve with a m...
English: A non-symmetric Laffer Curve with a maximum revenue point at around a 70% tax rate. This graph is based on the results from "How Far Are We From The Slippery Slope? The Laffer Curve Revisited" by Mathias Trabandt and Harald Uhlig, NBER Working Paper No. 15343, September 2009. Specifically, it mimics the curve found in Figure 2 of that paper. Their research estimated Laffer Curve maximum revenue points to be between 60% to 80% tax rates. (Photo credit: Wikipedia)
US Tax Rates (Taxes on riches/wealth)
US Tax Rates (Taxes on riches/wealth) (Photo credit: mSeattle)
Articles: Why the Left Hates the Laffer Curve:

 "There is no single "Laffer Curve"; there is no set-in-stone point at which increased tax rates cease to generate government returns.  But we can be reasonably certain that during the last century we in America have at different times found ourselves on both sides of the curve.  There have been occasions where increased tax rates clearly resulted in increased government revenue. There have been occasions where decreased tax rates clearly resulted in increased government revenue.  When it comes to the argument of whether tax rates should be raised or lowered, at different points in time and in different economic circumstances, each side of the political aisle has been correct.  At different points in time and in different economic circumstances, each side has been wrong."


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Thursday, December 27, 2012

Jude Wanniski: Taxes and a Two-Santa Theory | Stan Collender's Capital Gains and Games

Jude Wanniski: Taxes and a Two-Santa Theory | Stan Collender's Capital Gains and Games:

 "National Observer
March 6, 1976

Taxes and a Two-Santa Theory
By Jude Wanniski

            The only thing wrong with the U.S. economy is the failure of the Republican Party to play Santa Claus. The only thing wrong with President Ford is that he is still too much a Hoover Republican when what the country needs is a Coolidge Republican."

Thursday, December 20, 2012

Robert Reich: Cliff Hanger: The President's Unnecessary and Unwise Concessions

Robert Reich: Cliff Hanger: The President's Unnecessary and Unwise Concessions:

 "Hands off Social Security. If the Republicans are willing to raise tax rates on high earners but demand more spending cuts in return, the president should offer larger cuts in defense spending and corporate welfare."


Monday, December 17, 2012

Meet Five CEOs Who Prove That Lower Corporate Taxes Don't Equal More Hiring | Alternet

Meet Five CEOs Who Prove That Lower Corporate Taxes Don't Equal More Hiring | Alternet:

 "Never mind for a moment the obvious problem with lowering tax rates as a means of fixing the long-term debt. Would allowing corporations to pay less taxes really mean more hiring?

Luckily we have some interesting case studies. Several of the CEOs pushing this idea actually run companies that pay extremely low corporate tax rates, well below the statutory 35 percent rate—or pay none at all. So, via the invaluable Institute for Policy Studies, let’s see what kind of job creation these folks did while enjoying very low corporate tax rates"



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Wednesday, December 12, 2012

Twinkie CEO Admits Company Took Employees Pensions and Put It Toward Executive Pay | Alternet

Twinkie CEO Admits Company Took Employees Pensions and Put It Toward Executive Pay | Alternet:

"According to a report by the Wall Street Journal , Hostess’ CEO, Gregory Rayburn, essentially admitted that his company stole employee pension money and put it toward CEO and senior executive pay (aka “operations”).

While this isn't technically illegal, it's another sleazy theft by Hostess executives - who've paid themselves handsomely while running their company into the ground. Just last month, a judge agreed to let Hostess executives suck another $1.8 million out of the bankrupt company to pay bonuses to CEOs.  "


Friday, December 7, 2012

10 Good Reasons to Embrace Poverty - Listverse

10 Good Reasons to Embrace Poverty - Listverse:

 "So you work hard, put in lots of hours, scrimp and save your pennies, and, 30 years later, you have a spouse and kids, a mortgaged house, car and credit card payments, retirement just around the corner, recession, ulcer acting up, lawn mower is on the fritz, plus you’ve just discovered the heartbreak of psoriasis caused by stress. But you’re “successful” because you have a bigger house than your parents had."


Are Democrats Prepared For Another Debt Limit Fight? | TPMDC

Are Democrats Prepared For Another Debt Limit Fight? | TPMDC: "The White House’s official position on this plan is: cram it. Officials say they will not negotiate, or pay a ransom. Congress has to raise the debt limit, period.

“I will not play that game,” Obama told the Business Roundtable on Wednesday. “We are not going to play that game next year. We’ve got to break that habit before it starts.”"



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2012 Purpose Prize: Thomas Cox (Maine Attorneys Saving Homes) - YouTube

2012 Purpose Prize: Thomas Cox (Maine Attorneys Saving Homes) - YouTube: ""


Monday, December 3, 2012

Daily Kos: Paul Ryan resurrects $716 billion in Medicare cuts in new budget

Daily Kos: Paul Ryan resurrects $716 billion in Medicare cuts in new budget:

 "Those $716 billion in Medicare cuts in Obamacare that Mitt Romney and Paul Ryan lied about all through the campaign? The $716 billion that were in both of Paul Ryan's budget proposals? They're back, in Ryan's next budget proposal."


Saturday, December 1, 2012

Class Wars of 2012 - NYTimes.com

Class Wars of 2012 - NYTimes.com:

 "The important thing to understand now is that while the election is over, the class war isn’t. The same people who bet big on Mr. Romney, and lost, are now trying to win by stealth — in the name of fiscal responsibility — the ground they failed to gain in an open election."



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Obama Budget Keeps Faith with Voters

Obama Budget Keeps Faith with Voters:
 "The ball is now in the Republicans’ court. Unfortunately, Republicans do not seem to have learned the lessons from their shellacking at the polls in November.  They are still insisting on the very things voters rejected so resoundingly: tax cuts for the wealthiest 2% and benefit cuts to Social Security, Medicare and Medicaid"



...ero.

Friday, November 30, 2012

Pelosi Announces Discharge Petition Strategy - YouTube

Pelosi Announces Discharge Petition Strategy - YouTube: ""



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CEO Evening News? | Alternet

CEO Evening News? | Alternet:

 "The Institute for Policy Studies recently issued a report ( 11/13/12 ) explaining the corporate interests behind the debt campaign. Report co-author Sarah Anderson told Democracy Now! ( 11/13/12) that Fix the Debt is "really just a Trojan horse. They’re pushing for the same old tax breaks for corporations that they’ve been pushing for for about a decade.""



ACTION:
Tell CBS Evening News that their discussion of the "fiscal cliff" should include experts who aren't entitlement-busting CEOs.
CONTACT:
CBS Evening News
Phone: 212 975-3247
evening@cbsnews.com

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Wednesday, November 21, 2012

Abbott & Costello: "Two Tens for a Five" - YouTube

Abbott & Costello: "Two Tens for a Five" - YouTube: ""



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Union Workers Earn More Than Nonunion

Union Workers Earn More Than Nonunion:
"Union Workers Earn More Than Nonunion
Yet, union membership has been declining since 1983 "

Data from the BLS National Compensation Survey shows that in July 2002, average hourly earnings among all union workers were $20.65, compared with $16.42 for nonunion workers.
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Wednesday, November 14, 2012

Big Secret Bucks - YouTube

Big Secret Bucks - YouTube: ""


Vodafone still considering options for Verizon | Reuters

Vodafone Logo
Vodafone Logo (Photo credit: Wikipedia)
Vodafone still considering options for Verizon | Reuters:

 "The question of what to do with Verizon was reignited in recent years after Vodafone embarked on a program to sell assets it did not control, aiming to streamline its portfolio and return cash to shareholders who felt the company's share price did not reflect the sum of its many individual assets."


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Tuesday, November 13, 2012

Fed Budgetary Experts Demolish CBO Health Cost Model, the Lynchpin of Budget Hysteria « naked capitalism

Fed Budgetary Experts Demolish CBO Health Cost Model, the Lynchpin of Budget Hysteria « naked capitalism:

 "This paper, although written in typically anodyne economese, is devastating in the range and nature of its criticisms. And the reason this assessment should be taken seriously, independent of the importance of the issues it raises, is that the authors are uniquely qualified to make this critique. Follette is chief of the Fed’s fiscal analysis section. Sheiner, a fellow member of that group, has worked for both the Treasury and the Council of Economic Advisers previously. In other words, the sort of analysis they have made here is the core of what they do on a daily basis."



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Monday, November 12, 2012

Occupy Wall Street Activists Buy-Up Debt to Abolish It | The Nation

LOS ANGELES, CA - OCTOBER 01:  Protesters hold...
LOS ANGELES, CA - OCTOBER 01: Protesters hold signs as they march to Los Angeles City Hall during the 'Occupy Los Angeles' demonstration in solidarity with the ongoing 'Occupy Wall Street' protest in New York City on October 1, 2011 in Los Angeles, California. The protesters slogan, 'We are the 99 percent,' calls attention to the fact that marchers are not part of the 1 percent of Americans who hold a vast portion of the nation's wealth. (Image credit: Getty Images via @daylife)
Occupy Wall Street Activists Buy-Up Debt to Abolish It | The Nation:

 "The idea might have been elegant, but it didn’t work in practice, because the banks wouldn’t play ball: they (and Freddie Mac) simply hated the idea of a homeowner being able to stay in their house after a short sale, and often asked for an affidavit from the buyer saying that the former owner would certainly be kicked out. "


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Wednesday, October 31, 2012

Mitt Romney Is Just Not That Into Federal Disaster Relief

John Nichols
October 29, 2012

http://www.thenation.com/blog/170892/mitt-romney-just-not-federal-disaster-relief?rel=emailNation

Who would have thought that a late-season hurricane would
sweep up the East Coast of the United States on the eve of
one of the closest election contests in the country’s
history?

Not, presumably, Mitt Romney.