Wednesday, September 19, 2012

A Visit To "Some Assembly Required"

It's time to go to Some Assembly Required.  Please follow link to original  --  read the rest.
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http://ckm3.blogspot.com/

Memo for the Mitten: Over 7,000 millionaires paid no income taxes in 2011, 22,000 making over half a million a year also skated. Are they part of the 47%?

Spain is Greece Writ Large: Spain's private debt exceeds 300% of GDP, its banks are sitting on paper from a housing bubble many times worse than the US experienced, Spain is bankrupt and its banks suffered €70 billion in withdrawals in August. Spain is next.

Recurring Item: The government lied to us. Bush, in this instance. Lied about torturing people. Golly, gee.

Point of Order: There are 1.6 billion Muslims; a couple of thousand of them didn't like the movie. Get a grip.

Progress Report: The German austerity elixir has so far reduced Greek GDP by 20%, with a 25% reduction expected by 2014. The turnaround will happen at some date thereafter, as the beneficial effects of mass starvation kick in. .

Help Wanted: In the US today, there are not enough jobs to go around and most of the ones we have do not pay enough. Because of this, there are not enough customers with enough money to create sufficient demand to make a dent in the problem. How would lowering taxes on the rich (or on corporations, for that mater) help solve this dilemma? Both already have too much money. And research suggests that lowering taxes has no discernible effect on productivity. What lowering taxes does is increase the concentration of wealth at the top, which hasn't, and won't, solve the employment problem. 

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