Why are Republicans Wrong about Everything?


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Gym climber
Nov 20, 2012 - 06:24pm PT
DAVID CAY JOHNSTON: Well, Amy, this is the third book in a series of all original reporting that you wouldn’t know but for my work. I wrote a book seven years ago called—I’m sorry, eight years ago, called Perfectly Legal, about the tax system and how it really is a subsidy system for the super rich in America and how they’ve rigged the tax game on their behalf. Then I did a book called Free Lunch, and it’s about all the taxes you pay that do not go to the government but instead are diverted to various companies, and I show companies and industries that get all of their profits from the taxpayers through these hidden subsidies.

The Fine Print carries this a step further now to how big businesses have been trying to escape the rigors of competitive markets. They have gotten government to pass rules that raise prices, take away your rights as a consumer, literally put your life in danger, and allow them to, in various ways, insulate themselves from market forces, damaging the economy, making you worse off and explaining why, while wages have been flat for years, corporate profits have gone through the roof.

Trad climber
Portland, Oregon
Nov 20, 2012 - 06:25pm PT
Every post these guys post up over the next two and four years tells you just how locked in future democratic victories are. We will own the Whiteyhouse and Senate for at least the next twelve years as well and we have those same twelve years to chip away at the House until the House redistricting following the 2020 census.

So keep posting up boys - the longer you're delusional, the better it's going to be for us.

Nov 20, 2012 - 06:27pm PT
"And under President Obama, the economy just keeps on getting better"

Housing Starts at Four-Year High Boost U.S. Expansion


New-home construction unexpectedly climbed to a four-year high in October, more evidence of a revival in the industry that’s helping propel the U.S. economy.

Housing starts rose 3.6 percent to a 894,000 annual rate, the fastest since July 2008 and exceeding all estimates in a Bloomberg survey, Commerce Department figures showed today in Washington. The median forecast of 82 economists called for an 840,000 pace. Permits for the construction of single-family homes also advanced to the highest in four years.

“The housing industry is in a recovery,” said Larry Sorsby, chief financial officer of Red Bank, New Jersey-based Hovnanian Enterprises Inc. “Those builders that survived the unprecedented downturn of the last six years are in a good position not only to survive but to thrive.”

Repubs Have Failed.

Dr. F.

Ice climber
Topic Author's Reply - Nov 20, 2012 - 06:52pm PT
Glad to see you're back
Don't let the evil forces get to you
They are relentless, you must overcome them

Your bros on the good side are in total support, and will back you through thick and thin
Wade Icey

Trad climber
Nov 20, 2012 - 06:59pm PT
TGT is a racist POS.

one of many
Dr. F.

Ice climber
Topic Author's Reply - Nov 20, 2012 - 07:09pm PT
Ten Numbers the Rich Would Like Fudged
Published on Monday, November 19, 2012 by Common Dreams
by Paul Buchheit

The numbers reveal the deadening effects of inequality in our country, and confirm that tax avoidance, rather than a lack of middle-class initiative, is the cause.

1. Only THREE PERCENT of the very rich are entrepreneurs.

According to both Marketwatch and economist Edward Wolff, over 90 percent of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), personal business accounts, the stock market, and real estate. Only 3.6 percent of taxpayers in the top .1% were classified as entrepreneurs based on 2004 tax returns. A 2009 Kauffman Foundation study found that the great majority of entrepreneurs come from middle-class backgrounds, with less than 1 percent of all entrepreneurs coming from very rich or very poor backgrounds.photo: withayou via flickr

2. Only FOUR OUT OF 150 countries have more wealth inequality than us.

In a world listing compiled by a reputable research team (which nevertheless prompted double-checking), the U.S. has greater wealth inequality than every measured country in the world except for Namibia, Zimbabwe, Denmark, and Switzerland.

3. An amount equal to ONE-HALF the GDP is held untaxed overseas by rich Americans.

The Tax Justice Network estimated that between $21 and $32 trillion is hidden offshore, untaxed. With Americans making up 40% of the world's Ultra High Net Worth Individuals, that's $8 to $12 trillion in U.S. money stashed in far-off hiding places.

Based on a historical stock market return of 6%, up to $750 billion of income is lost to the U.S. every year, resulting in a tax loss of about $260 billion.

4. Corporations stopped paying HALF OF THEIR TAXES after the recession.

After paying an average of 22.5% from 1987 to 2008, corporations have paid an annual rate of 10% since. This represents a sudden $250 billion annual loss in taxes.

U.S. corporations have shown a pattern of tax reluctance for more than 50 years, despite building their businesses with American research and infrastructure. They've passed the responsibility on to their workers. For every dollar of workers' payroll tax paid in the 1950s, corporations paid three dollars. Now it's 22 cents.

5. Just TEN Americans made a total of FIFTY BILLION DOLLARS in one year.

That's enough to pay the salaries of over a million nurses or teachers or emergency responders.

That's enough, according to 2008 estimates by the Food and Agriculture Organization and the UN's World Food Program, to feed the 870 million people in the world who are lacking sufficient food.

For the free-market advocates who say "they've earned it": Point #1 above makes it clear how the wealthy make their money.

6. Tax deductions for the rich could pay off 100 PERCENT of the deficit.

Another stat that required a double-check. Based on research by the Tax Policy Center, tax deferrals and deductions and other forms of tax expenditures (tax subsidies from special deductions, exemptions, exclusions, credits, capital gains, and loopholes), which largely benefit the rich, are worth about 7.4% of the GDP, or about $1.1 trillion.

Other sources have estimated that about two-thirds of the annual $850 billion in tax expenditures goes to the top quintile of taxpayers.

7. The average single black or Hispanic woman has about $100 IN NET WORTH.

The Insight Center for Community Economic Development reported that median wealth for black and Hispanic women is a little over $100. That's much less than one percent of the median wealth for single white women ($41,500).

Other studies confirm the racially-charged economic inequality in our country. For every dollar of NON-HOME wealth owned by white families, people of color have only one cent.

8. Elderly and disabled food stamp recipients get $4.30 A DAY FOR FOOD.

Temporary Assistance for Needy Families (TANF) has dropped significantly over the past 15 years, serving only about a quarter of the families in poverty, and paying less than $400 per month for a family of three for housing and other necessities. Ninety percent of the available benefits go to the elderly, the disabled, or working households.

Food stamp recipients get $4.30 a day.

9. Young adults have lost TWO-THIRDS OF THEIR NET WORTH since 1984.

21- to 35-year-olds: Your median net worth has dropped 68% since 1984. It's now less than $4,000.

That $4,000 has to pay for student loans that average $27,200. Or, if you're still in school, for $12,700 in credit card debt.

With an unemployment rate for 16- to 24-year-olds of almost 50%, two out of every five recent college graduates are living with their parents. But your favorite company may be hiring. Apple, which makes a profit of $420,000 per employee, can pay you about $12 per hour.

10. The American public paid about FOUR TRILLION DOLLARS to bail out the banks.

That's about the same amount of money made by America's richest 10% in one year. But we all paid for the bailout. And because of it, we lost the opportunity for jobs, mortgage relief, and educational funding.

Bonus for the super-rich: A QUADRILLION DOLLARS in securities trading nets ZERO sales tax revenue for the U.S.

The world derivatives market is estimated to be worth over a quadrillion dollars (a thousand trillion). At least $200 trillion of that is in the United States. In 2011 the Chicago Mercantile Exchange reported a trading volume of over $1 quadrillion on 3.4 billion annual contracts.

A quadrillion dollars. A sales tax of ONE-TENTH OF A PENNY on a quadrillion dollars could pay off the deficit. But the total sales tax was ZERO.

It's not surprising that the very rich would like to fudge the numbers, as they have the nation.
Dr. F.

Ice climber
Topic Author's Reply - Nov 20, 2012 - 07:11pm PT
Credit: Dr. F.

Social climber
So Cal
Nov 20, 2012 - 07:12pm PT
Leaky Leahy and Dingy Harry want to let Barry read your email without a warrant.


Trad climber
Choss Creek, ID
Nov 20, 2012 - 07:33pm PT
A little more good NEWS from NBC!

Bizarre, but true: red state residents are much more likely to die in traffic accidents.


unfortunately, not in great enough numbers, or soon enough.

Nov 20, 2012 - 07:36pm PT
Don't worry. They believe in abstinence. It's all good.

TGT considers the French to be our friends. That is clear.

W.'s freedom fries remark when the French refused to follow us into Iraq suggests W. did not agree with TGT.

Anyone in the republican party not adhering to the dogma, had better get themselves right and fast.

Social climber
So Cal
Nov 20, 2012 - 07:52pm PT
How to keep your friends.


Social climber
So Cal
Nov 20, 2012 - 07:56pm PT
The soup kitchen presidency


The Granite State.
Nov 20, 2012 - 08:14pm PT
I know, it's not polite to rub it in. Sorry.

The Warbler

the edge of America
Nov 20, 2012 - 08:35pm PT
Damn good Brandon!

So TGT, how do you like that black boy's big grin?

Trad climber
Living Outside the Statist Quo
Nov 20, 2012 - 08:43pm PT
Seems like a good time for.......your the same party!


Trad climber
Living Outside the Statist Quo
Nov 20, 2012 - 08:59pm PT
The Warbler

the edge of America
Nov 20, 2012 - 09:13pm PT
The debate was between two guys, there's only two guys and what they represent to choose from.

Or you can just hurl tomatoes at both from the sidelines


Nov 20, 2012 - 09:14pm PT
Debate my ass.

I went to the market to get my vegetables, and carrots.

They tasted bland like fuking cardboard again!

It's fault lies with these stupid m'fukers in this thread.

All they do is drool oozing Obama, Romney policrap all day instead of growing nice juicy foodstuff for the world.

Stupid fuking Americans.

All they can do is run their mouths all day and do no real work.

Where's my fuking nice tasty carrot azzholes .....!!!!!!!!!
The Warbler

the edge of America
Nov 20, 2012 - 09:19pm PT
Come on over, relax, and have a strawberry guava before the tree's done for the year, Werner.

I bet you could make a guava pie and forget all about your cardboard carrots

We could walk over to Romney's house and fart in his general direction afterwards


Nov 20, 2012 - 09:33pm PT
Just see

Warblers my man.

Always practical and awesome.

The rest of ya suck .....

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