Don’t Get Fooled Again
In
review you now have 5 stocks. Consolidated
Edison Inc. (ED) or another utility, Kraft Foods Inc. (KFT) or another food
stock, Eaton Corp (ETN) or another industrial stock, and U.S. Bancorp (USB) or
some other financial (Bank) stock of choice.
Last pick was an oil or gas my recommendation was Chevron Corp (CVX) but
any oil sector stock would do. Remember
you can own any stock in the sector not the one I recommend.
The GOP
is at it again. As the lyrics of The Who
song says; “Just like yesterday. And I'll get on my knees and pray. We don't get fooled again. Don't get fooled again.” “Change it had to come…. There's nothing in
the street. Looks any different to me….
Meet the new
boss. Same as the old boss.” Romney’s tax plan is another look at Bush’s
tax plan, in simple language a welfare plan for millionaires. Because Governor Romney has not specified how
he would increase the tax base, it is impossible to determine how the plan
would affect federal tax revenues or the distribution of the tax burden. Currently Apple pays 3% taxes in the state of
California, do they really need to pay less taxes? http://www.youtube.com/watch?v=8b1g07uq4y8
“As a
result, middle- and lower-income households — the 95 percent of the population
earning less than about $200,000 annually — would have to make up the
difference, according to the review by the center, which is affiliated with the
Brookings Institution.” It's just about
making our tax code more fair and making our tax code more helpful to the
middle class, which is the backbone of our country and backbone of economic
security and economic growth in our country.
Not about give away welfare programs to the über-rich Mr. Romney! I worked for a millionaire as his accountant
once. He did not pay the taxes owed
because he knew what would get him audited and what he could pad the company
expenses with making personal expenses business expenses. His kids had trust funds and created no
jobs. The GOP tax plan is all about
keeping the idle rich idle and rich, not about jobs. Without a strong middle class who spend all
their income no one will create jobs.
You see when you start a business you want to invest your money to make
more, taxes do not play a role in the decision.
As the middle class is being lowered less jobs are created since the
middle class not the rich are the backbone of the economy and what we owe our prosperity
to.
Why hasn’t Romney released his taxes. Because his taxes are an embarsement. Just like the tea party. Where was the Tea Party when Bush had 2
unbudged and unpaid for wars and spent the county into the debt problem in the
first place? Since the GOP was in they
did not care! Romney has tricks at his disposal
to avoid paying taxes. He has exploited many of these loopholes, stashing his
money in secret, overseas accounts in places like Switzerland and the Cayman
Islands. His taxes are an embracement Romney is
hiding something.
Trickle-down
economics are good only for the über-rich, it is not good for you and me. Mitt will promise to perform miracles with
the economy that is what the GOP has been doing since time immemorial; they can
usually do it for a while, or at least appear to have done it. They have inevitable brought losses to the
general public (everyone below the top 3%).
Their administrations are usually accompanied by flagrant manipulation
and misleading reports and politics like the tea party now. The performance of trickle-down economic
policy is a poor one. Unless you are one
of the über-rich on government welfare. Clouded
by a motherhood, flag-waving rhetoric.
Now it’s the tea party (patriotism), the Constitution (patriotism),
family values (Motherhood). Actually
motherhood was the battle cry when it came to the 800 billion drug company
welfare program added to Medicare the Medicare Prescription Drug, Improvement, and
Modernization Act (P.L. 108–173), the GOP that talked about it said, “I love my
Mother” during their speeches. I love my
Mother too; let’s just give her health insurance like every other industrial
country, healthcare for the common man not healthcare for the rich. (During a
visit to the Statue of Liberty my mother fell down and broke her arm. She was flown to a hospital in New
Jersey. During that two weeks nothing
was done because she had left her Blue Cross & Blue Shield insurance card
at home. She is crippled now. My brother flew to New Jersey put her on a
plane and flew her home and a week later she was operated on. Wouldn’t have happened in Canada, to a
Canadian citizen in Canada GOP!) In
Canada they refuse to pay high prices for drugs and don’t need an 800 billion giveaway
program George, and I bet they love their Mothers up there too.) http://www.youtube.com/watch?v=894XHp_NMks http://www.youtube.com/watch?v=e8yR7KeKbSA&feature=relmfu
The
Bush years proved that tax cuts for the rich don't generate a vibrant economy! A healthy middle class is the key to job
growth and a healthy economy. The Bush
tax plan is the key to a weak middle class and a recreating of the 1880’s
robber barons. Employment growth as
fueled by the surrounding conditions, it's driven by the general economy. Bush destroyed the economy, Romney is more of
the same but on steroids.
Do not
vote for the GOP or the Tea Party. They
are in the process of destroying your economic future if you are one of the 97%
of Americans who don’t make 250k per year.
They just don’t care about and
want to tax so they can keep the rich on the government dole. They will only make it harder for you to join
the upper class with the stock market and real-estate investing from this blog.
The first Bush destroyed the economy. He just lacked enough time to destroy it completely.
Clinton repaired the damage of the first Bush years, and was
paying off the National Debt.
The second Bush wanted to complete his father’s programs and
correct his father’s mistakes. Thus a
wasted war in Iraq and a destroyed economy took 8 years not four to destroy the
economy with Trickle Down Economics. Plus he squandered the Clinton National
Debt program to pump the economy so he could put billionaire’s on welfare.
Thomas Sowell has written that the actual path of money in a
private enterprise economy is quite the opposite of that claimed by people who support
to the trickle-down theory. He writes
from a conservative and libertarian perspective.
Tax cuts directly targeting those with less income would be
more economically simulative, than welfare to Romney’s class. The wealth of the super-rich does not trickle
down to improve the economy, but tends to be amassed and sheltered in tax
havens with a negative effect on the tax bases of the home economy. Kind of like Mitt’s tax deduction for a
dancing horse? Or, Mitt’s tax havens
overseas in countries there the rich like to hide income to cheat on their
taxes.
Trickle Down Economics has destroyed the economy each and
every time it was tried by the same party, going as far back as the disaster in
1890. So why vote for the programs 2
champions? Vote for the middle class
with Obama. And, vote out the jokers in Congress who are
in the Tea Party they are blocking the recovery and destroying the economy.
