Many a true word

Written By: - Date published: 1:12 pm, July 25th, 2011 - 18 comments
Categories: capitalism, class war, economy, us politics - Tags:

18 comments on “Many a true word”

  1. Rusty Shackleford 1

    Why is he so obsessed with taxes? How much are they really going to collect on private jets? And as if there isn’t a way to get around that. He also fails to talk about the run up in spending. Could that not have something to do with the deficit?

    The dems are as guilty of demagoguery as the other crowd. If you think there is a difference between the left and the right (here or there) you are sadly deluded (wait, isn’t that the premise of this entire blog?)

    • just saying 1.1

      Can’t help thinking Rusty, that this one made a little dent in your defences. I’m sure you wouldn’t even admit it to yourself, and that you’ve smoothed it over already, but just for a wee moment you came too close for comfort to a disturbing epiphany.

      Much as you wish it wasn’t so, you’re middle-class, and as such you are just another turkey agitating for an early christmas on behalf of those turkey-eaters you soooo admire. You are the sad harpy Bill in Bill’s story.

    • mik e 1.2

      Rusty it was rhetoric Obama had 2 wars dished up to him the US economy was on its knees he needed to rescue industrial capacity ie GM CHRYSLER as well pump money in the frozen money system, your understanding is typical right wing propaganda running the economy like a house budgeting home spun tea party come ACT rubbish . A huge economy like the US has wheels within wheels and if you take away or don,t inflate those wheels properly the economy will crash. With out industrial capacity the US would not be able to maintain its status as a world super power! Like your name suggests your are a little Rusty on FACTS and HISTORY

      • Rusty Shackleford 1.2.1

        He campaigned on getting out of those wars then didn’t when he was elected.

        GM going bust would have done nothing to industrial capacity. Someone would have bought those assets and made them work. If by “pump money in the frozen money system” you mean give cash to the guys that caused the thing, I don’t really know what I can say to you.

        “your understanding is typical right wing propaganda running the economy like a house budgeting home spun”
        Whilst not that simplistic, yes that is kind of how the govt should treat its budget.

        “A huge economy like the US has wheels within wheels and if you take away or don,t inflate those wheels properly the economy will crash.”
        It’s impossible to know exactly where the cash should be going. Whilst theoretically possible, attempts to do so have been disastrous.

        • Afewknowthetruth 1.2.1.1

          ‘GM going bust would have done nothing to industrial capacity. Someone would have bought those assets and made them work.’ ???

          The share price of GM fell from something like $34 to something like $1.17 prior to GM being delisted. The whole point was the that GM liabilities exceeded assets by a ratio of around 10:1, i.e. assets $1bn, liabilities $10bn. Bailing out dinosaurs simply prolongs the death throes.

          The US can no longer compete in the manufacture of anything, but government contracts obtained by bribery and corruption allow the ‘defence’ sector to siphon off large quantities of public money for the moment.

          ‘It’s impossible to know exactly where the cash should be going ‘

          Permaculture and powerdown.

          • Rusty Shackleford 1.2.1.1.1

            “The US can no longer compete in the manufacture of anything,”

            They’re still the number one manufacturer in the world. Probably not for long though.

            • mik e 1.2.1.1.1.1

              They can compete if other countries didn,t keep their currency artificially low, subsidize manufacturing,allowed workers to have rights. And if the Republicans subsidized manufacturing the same way it subsidizes farming and the military. but the votes in manufacturing go to Democrats . and as for someone buying those assets in the meltdown if they hadn,t printed the money tell me who was going to do that . Foreign owned companies i,m sure the US would approach a foreign company to manufacture their weapons if needed and besides the banks froze all lending thats why they had to have money printed for them as well.Believe it or not most of that printed money has been paid back.Obama promised to pullout of Iraq which he is doing he also promised to focus on Afghanistan to go after Al Caeda and Bin laden. The one thing the Republicans via Murdoch and co can manufacture is propaganda better than any one else aye RUSTY

              • Rusty Shackleford

                “The one thing the Republicans via Murdoch and co can manufacture is propaganda better than any one else aye RUSTY”

                Why is that directed at me?

    • Colonial Viper 1.3

      How much are they really going to collect on private jets?

      http://www.bloomberg.com/news/2011-06-29/jet-tax-break-cited-six-times-by-obama-would-cut-debt-by-about-3-billion.html

      $3B over 10 years.

      Chump change, but helpful chump change.

    • Pascal's bookie 1.4

      Here y’are Rusty. Some data re spending and taxes, and what the problem is:

      Nouriel Roubini on the tax side:

      https://twitter.com/#!/Nouriel/status/95535597078327296

      Federal taxes were 20% of GDP at time of a balanced budget. Now down to 14% the lowest in 60yrs.

      And agraph of data from the Congressional Budget Office and the Center on Budget and Policy Priorities on the spending side:

      http://www.theatlantic.com/politics/archive/2011/07/the-chart-that-should-accompany-all-discussions-of-the-debt-ceiling/242484/

      Oh noes! Bad Obama! Bad!

  2. just saying 2

    Don’t worry about it Rusty. I shouldn’t have written that. It was mean-spirited and I regret it.

    Just to clarify one little thing to try and mitigate a bit… When I said ‘harpy’ it was with the original greek meaning of greedy and grasping person, and not ‘harridan’.

    When in the grips of acute cabin-fever it’s usually best for me to say nothing at all.

    • lprent 2.1

      I think cabin fever has been afflicting a lot of people judging by the number of comments and page views in the last few days. Looks like it was pretty active weekend.

      • Anne 2.1.1

        Not surprising given the shit weather conditions. Enough to send any desperate god-fearing soul to the blog-sites..

  3. prism 3

    Bill Maher being sarcy about wealthy businesspeople in USA. He came up with some funny analogies along the lines of – How come we have to treat them so sensitively. What is this attitude that we have to soothe them so that they will stay and make their little nests and lay their job-creating eggs.

  4. M 4

    Love this guy and he’s not scared to offend the rich, thank fuck – he’s on my must view list with Ruppert, Keiser and Bradley and of course TS.

  5. burt 5

    He’s awesome. He’s bloody right correct as well.

    I did love some of his lines;

    If you can look at the deficit and not realise the problem is the rich stopped paying taxes – youre a replubican.and if your a working class person who still votes Republican then you don’t get to bitch abou that verdict.

    Gold, absolute gold.

    I loved his finish as well;
    It’s pathetically clear who’s killing the middle class but you keep letting them get away with murder !

    Nailed it.

    The problem is though, it’s true of both major party supporters in NZ. Last term Labour harshly taxed the middle earners while the rich used all sorts of vehicles to minimise taxation. The right pointed it out over and over again and the tax policy remained and was defended. You let them get away with it….

    Now National have the levers and their party supporters will let them get away with it and the left will moan like they should. Once – just once – I wish all you partisans would call it on your own party like you call it on the opposition. I know it’s not the tribal way….

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