Monday, May 2, 2011

The greater your income, the better the economy seems.

Start the week off with "Some Assembly Required" -- Yes, I know it's a good day. I know we agree the death of Bin Laden is "a good thing" (thank you Martha) -- but -- bad stuff is still bad. The Republicans are STILL INSANE (especially now that they are trying, SOMEHOW, to take credit for getting Bin Laden - and it wasn't even "privatized").

So, here are some tid-bits from SAR - please follow link to original
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Number One With Bullets: The US leads the developed world in a) the gap between worker and CEO pay. b) The percentage of total national income that goes to the richest one-tenth of one percent. c) The amount of money spent on war. d) The amount of money spent importing oil. e) The percent of citizens incarcerated. f) The murder rate. g) Health cost per-person. h) Infant mortality. i) Percentage of children living in poverty. And j) Percent of the population that is homeless. We are lowest in a) longevity and b) spending on social services.

Cui Bono? IRS data show that repeatedly over the last 10 years more than 10% of all the capital gains in American went to just 400 people. Not the top 1%, not the top 0.1%, just 400 people. No wonder we've had to keep lowering the tax on capital gains – these are the people George W. Bush called “my base” - about as base as possible.

History's People: Between 2001 and 2008, about 40,000 US manufacturing plants closed. Six million factory jobs have disappeared over the past dozen years, representing one in three of America's manufacturing jobs .

Rear Window View Mirror:The age of cheap oil is officially over. The International Energy Agency has conceded that global crude oil production peaked in 2006 and that prices will continue to rise. “The existing [oil] fields are declining so sharply that in order to stay where we are in terms of production levels in the next 25 years, we have to find and develop four new Saudi Arabias.”
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Read enough of this and, once again, you realize George W. Bush was the WORST President in the history of the USA -- as well as being the Nero of our Empire. He has doomed us to probable failure because he was weak, stupid, and a captive of insane thinking.

My poor, poor, country -- I'm afraid we get what we deserve.

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