Showing posts with label ubs. Show all posts
Showing posts with label ubs. Show all posts

Wednesday, January 9, 2013

No Austerity! No Fix-the-Debt. No more Too-Big-To-Fail! The Rich are naught but Fire-Breathing Wryms.

Smaug the Magnificent was listed as the Richest Fictional Character in History in 2012.

J. R.R. Tolkien wrote of Smaug that when Bilbo Baggins took a small chalice from of "his" hoard Smaug's Rage was the kind which "is only seen when rich folk that have more than they can enjoy lose something they have long had but never before used or wanted."

Plutocrats are fire-breathing Wyrms, destructive nearly invincible forces which don't create but destroy and steal hordes of Capital which they proclaim to be theirs. They are destroying people's lives and livelihoods in pursuit of profits.

The Plutocracy believe the Government should exist for One Purpose with Two Basic Powers; To Protect their Property by 1) Quelling Domestic Dissent and 2) Opening up Foreign Markets for their Use.

Of course, everything else is "Unconstitutional" or "Socialism".

The SEC needs to adopt a Financial Transaction Tax, such as the one the U.S. Government had the federal level from 1914 to 1966. And the state of New York, in conjunction with the New York City from 1905 to 1981.

Such a fee won't hurt Grandmas stocks or minor investors. But what it will do is curb the rapacious behavior of Wall Street and the Banking Criminals who conduct billions of trades a second to manipulate the Stock Exchange.

Did you ever wonder why, in the midst of the Computer Age, the center of the American Financial World is still Wall Street? It's because large Banking Giants have located untold numbers of Terrabyte sized Massive Server in Warehouses geographically close to the NYSE in order to gain a pico-second advantage over other Financial Monsters.

Banking Criminals are not limiting their thievery to merely electronic wizardry but are still engaging in the time-honored traditions of Currency Manipulation and Money Laundering for Criminal Gangs, Terrorist Organizations, Rogue Nations as well as American Plutocratic Cheats.

Just 3 years ago UBS agreed to pay a $780 Million dollar fine to avoid `criminal prosecution and to keep the names of 52,000 American criminals, who illegally sheltered monies in Switzerland, secret. 

Now UBS has been ordered to pay other $700 million to $1.5 Billion for it's criminal involvement in the LIBOR currency manipulation.

HSBC was convicted of LIBOR currency manipulation and was fined $1.9 Billion in December 2012. HSBC was one of 7 Banks which routinely laundered money for International Drug Lords, FARC terrorists and Al Qaeda and Iran.

The second oldest Bank of Switzerland, Wegelin founded in 1741, has agreed to pay $58 Million in fines to the US Government because,
The bank had admitted to allowing more than 100 American citizens to hide $1.2bn from the Internal Revenue Service for almost 10 years.
However,
Otto Bruderer, a managing partner at the bank, admitted that Wegelin had sheltered US clients from tax between 2002 and 2010, and said it was aware that its conduct had been "wrong". 
Mr Burderer's further admission that assisting tax evasion was common practice in Switzerland has caused huge concern among the Swiss banking community, according to the BBC's Switzerland correspondent, Imogen Foulkes. 
The Rich are Rich because, like Dragons, they've stolen Billions from poor working people across the planet for Generations. Banks, like UBS, HSBC or the defunct Wegelin merely made the theivery easier by providing the paperwork and structural apparatus. But, when it comes down to it, the Rich are Fire-Breathing Wyrms willing to burn everything to enjoy the fruits of others labors.

Back here in US there exists a ripe plum which the Rich Wyrms have been salivating over for decades. 

Social Security is one of the last depositories of easily accessible capital waiting for the Capitalists to swindle it into their private bank accounts. If George W. Bush and the Republican Congress had succeeded in 2005 of "privatizing" Social Security, $2.5 Trillion would have vanished in 2007 and 2008. Poof. Manipulated away. Gone just like the equity in your homes thousands of pensions and retirement investments swindled via criminally toxic Goldman Sachs assets. 

Like Smaug The Rich! Want! That! Horde!

Rich Wyrms hope people are foolish enough to believe that cutting their own meager earned-benefits is the way to help the Nation.

However, the Rich don't recognize National Interests. They are pan-National. All they want from America is lower and lower tax rates on Capital (with higher tax rates on Labor) and lax financial laws which give them the ability to move money quickly from one Nation to another.

A big component of their plan was revealed in the Fiscal Cliff Rigamarole. The Republicans and Fix-the-Debt wanted the ability to move Hundreds of Billions of off-shore profits made via wage slave labor into the US without any taxes. Calling it a Territorial Tax System. Once here they could realize Billions in profits from merely moving money around. It would have been a windfall for those who make money by the manipulation of figures not from creating jobs, building factories or inventing new products. But from Legerdemain.

And Fix-the-Debt is merely the latest in the effort of Corporate Moochers to fool the country once again. 

Corporations and Plutocrats are the biggest Moochers in World History. They've been hiding their stolen loot in off-shore tax havens and manipulating Stock prices and currency and engaging in sickening criminal acts all the while revealing in their Power and Magnificence. Believing they are Too-Big-To-Fail, just like Smaug.

Monday, July 16, 2012

The Evil Crimes of Mitt Romney, Bain of America, are they hidden in his Tax Returns?

“The Romney types, of course, are the ones who sign the front of the paycheck, and the Obama types are the ones who have spent their entire lives signing the back of them.” - the odious Michelle Malkin correctly points out that Barack Obama seeks to represent 99% of America while Romney has no such illusions.
Bain Capital was an aptly chosen name for Mitt Romney's Vulture Capitalist Firm of miscreants and job destroying anti-American scum bags.



Mitt Romney doesn't want to talk about his past crimes. Romney won't release his previous years tax records because they will indicate all manner of crimes.

And despite the claims Mitt Romney "retroactively retired" from Bain during it's worst years of Offshoring and Outsourcing, Mitt was in charge and was the architect of the worst of the Bane Capital Business model of making money by squeezing blood from Americans.
Romney has said he left Bain in 1999 to lead the winter Olympics in Salt Lake City, ending his role in the company. But public Securities and Exchange Commission documents filed later by Bain Capital state he remained the firm’s “sole stockholder, chairman of the board, chief executive officer, and president.”

Also, a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002. And Romney’s state financial disclosure forms indicate he earned at least $100,000 as a Bain “executive” in 2001 and 2002, separate from investment earnings.
During the Republican Recession, Mitt Romney profited off of the misery conservative policies caused the American people. With his huge proliferation of off-shore Bank Accounts in the Cayman Islands, Luxembourg and Switzerland I wonder if Romney was one of the 52,000 Americans the Bush/Cheney Administration helped move Billions of American Tax Payer Dollars into secret UBS bank accounts.

So besides showing Romney, most likely, funnelled millions of dollars to his multiple foreign bank accounts his tax returns will also highlight that Romney made his money by destroying American companies and firing American workers.

Proving once again that under President Bush we had years of wage stagnation and wealth accumulation amongst the richest Americans just the way the Koch Brothers and the 1% want.

But, additionally Romney's hidden tax returns, while showing a callous disregard for America will also show a rank contempt for the Law.

His returns will probably show Romney committed Voter Fraud by continuing to vote in Massachusetts while claiming residency in another state. In 2010, Mitt Romney was supposedly living in his son’s unfinished basement in Belmont, Massachusetts.

At the time Mitt owned a $12.5 million home in La Jolla, Calif. and a $10 million home in New Hampshire’s Lake Winnipesaukee – but no home in the state he was once governor.

So, why was Mitt living in Tagg Romney's basement? Could it be Tagg's marriage is a sham and the woman living there was the (2nd? 3rd?) young wife of Mitt Romney? Ewww, that's just too gross and sleazy to consider...

I'm not a conservative smear merchant there's no need to concoct libels about Mitt Romney when his disgusting past of bullying, warmongering, chicken hawk, vulture capitalism should be enough to dissuade anyone for voting for him.

The sad fact is Mitt is the child of unearned wealth and white privilege. Mitt's father, George Romney, started the trend of releasing tax returns, which his chicken shit son refuses to do, and in almost every way was a far superior man than his spoiled, cowardly, bully of a son, who has only prospered because of the vast wealth and undeserved affirmative action for rich white people which he inherited. And in contrast President Obama has surpassed his father and risen and succeeded on the merits of his ability and determination.

Updated:
Mitt Romney cowardly attacked Teresa Heinz-Kerry pouting that she didn't release her tax returns to Fox and Friends this morning. As is their wont Republicans always attack women. But, wow, Mitt is a sniveling little cry-baby.

But, the continued discussion about Mitt's secret financial past shows Conservatives are freaking out. There is obviously something incredibly damning in these returns that Romney is adamant he won't release them.
“The cost of not releasing the returns are clear,” said conservative columnist George Will, on ABC’s “This Week.” “Therefore, he must have calculated that there are higher costs in releasing them.”

On the ABC roundtable, Republican strategist Matthew Dowd had a similar take.

“There’s obviously something there, because if there was nothing there, he would say, ‘Have at it,’” Dowd said. “So there’s obviously something there that compromises what he said in the past about something.”
Related:
U and Us? UBS or Just BS?
Where in the World are Mitt Romney's Millions?

Thursday, October 20, 2011

My Portfolio is Bottoming Out while Banks are raking in the Profits

So, my quarterly financial investment portfolios came the other day. My modest 401k, 457 and Roth IRA all lost 20% of their value. Hurrah, the Free Market does everything better.

But, do you know who did not lose 20% of "their" money? Why the casinos we refer to as Banking Firms. These racketeers, gamblers, cheats, swindlers and criminals all reported Record Profits for the 3rd Quarter of 2011:
Bank of America: $6.2 Billion

JP Morgan Chase: $4.3 Billion

Wells Fargo: $4.1 Billion

Citigroup: $3.8 Billion
Where is all this money coming from? The Giant Banking Casinos are not investing in technology, they are not investing in small start-ups, they are not moving funds into the depressed areas of the United States.

What they are doing playing games shuffling electronic figures from one column to another and calling it business, conducting millions of stock-trades a second in High-Frequency Stock Trading, they're gouging people with transaction fees, they're placing "bets" and taking out hedged insurance claims on derivatives and commodities. If they guess right about a drop in the price of corn, they make money! But, no tangible good is produced. Additionally, BofA provides no benefit to the average American with his small savings account because BofA is currently providing an interest rate of 0.05%. As of the 11Q3, BofA has $53 Trillion in Total Derviatives and $1.5 Trillion in total assets.

But, wait a moment! Wow! It's appears, Bank of America has moved it's derivatives from Merril Lynch to a FDIC insured subsidiary Now why would they do that? Perhaps, because when the scope of their criminal toxic asset peddling and credit default swaps becomes known and the reckless gambling they've engaged in bottoms out, the Banksters will be bailed out once more by the American Taxpayer. Reagan Be Praised, for Government Bailouts of the criminal financial sector.

Just remember whom BofA has pledged, "to help out", with it's considerable profits :
Meanwhile, at the Legion of Doom, errr... I mean Citigroup has agreed to pay a $285 Million dollar fine to the Security and Exchange Commission (SEC) to settle a Fraud Complaint for their toxic housing market rebuilding scheme. Please scroll back up the page to refresh your memory that Citigroup posted a $3.8 Billion dollar profit in the 3rd Quarter alone.

Last year, Goldman Sachs paid a record $550 Million Dollar fine to the SEC.

It seems, part of the problem is the Banksters are still treated with respect because they wear sharp suits and cutting edge business fashion, we would all be better off, if Banksters had to wear the traditional garb of the people they are behaving like; The Yakuza. Wouldn't you be more wary of the corrupt gambling banking institutions if they were sitting around in the elaborate ceremonial diapers.

But, listen! A few Republicans say Homeowners should get some help. What a crock of shit! After transferring Trillions of tax payer dollars upwards to the off-shore bank accounts of Warmongers, Thieves and Murderers. The Republican Party and the Business Friendly Democrats are trying to avoid the backlash of the 99%, by throwing the Middle Class a gnarly, cracked, meat-stripped bone, in the hopes the people will continue to support the Wall Street Swindlers and the Yakuza-Banksters who have nearly sucked all the marrow out of the bones of the USA.

It's because the 1% desire that last little bit, the last morsel, Social Security and the Post Office. If the Republicans succeed in taking control of the White House and the Senate the push to privatize the money-making aspects of the Post Office will be un-stoppable, and the Trillions of Social Security will be neatly rolled into Wall Street where the natural flucuations of Free Market will ensure a few thousand people can steal those funds and funnel them into a secret UBS account in Switzerland.

No more Bank bailouts. Bring back the SEC transaction tax, you make Hedge Bets, you conduct High-Frequency trades you pay a fee per each stock moved, each commodity leveraged. Move Your Money to Your Local Credit Union or Small Town Bank!

Related - Here's what I had to say about Wall Street, the Republicans and the 99% in April 2010:
Capitalism is... Socialism for the Rich.

Now the American people want Banking Reform and who stands with the Wall Street Thieves and against Main Street Americans? The Republicans. The Republicans will not let Congress and President Obama endanger the institutional Thievery which the Republican Party was created to cement into law and protect at all costs.

This is fortunate because since the Reign of Chickenhawk Reagan the Republicans have gotten away with their anti-human plans of financial deregulation to destroy and Impoverish the American Middle Class. Because the Klepotcrats in America who control the Republicans want all American workers ground down to the level of the powerless in Indonesia or Guatemala. Republicans want Americans to work and die once their "productive" years are done.

Ask yourself: Who wanted to roll Social Security into Wall Street? The Republicans. Why? So Wall Street could steal those funds as well. Who during the midst of the Bush/Cheney Depression wanted to destroy Social Security and Medicare? Michele Bachmann and the Republicans. Why? Because Michele Bachmann wants Americans to die when they get old.

Republicans act as the attack dogs for the Wealthy and their conservative slime merchants gleefully absorb the message and willfully propagate it to delude themselves and others.

How do the Republicans get away with their anti-human plans? They've done an excellent job of dividing Americans by religion and race and by non-stop lying.

For years the demographics allowed Republican victories but now more and more Americans are aware there is a club and 99% of the American People aren't in it. The American People have seen that the Republicans serve a gaggle of Kleptocrats who view their supporters as nothing more than paving stones for their luxuries.

Wednesday, September 7, 2011

American Capitalism is Medieval Feudalism

The Capitalist system we are being subjected to is nothing less than Wage Slavery and Neo-Feudalism. The Banksters, Industrialists, Hedge Fund Managers have set up a system where all their losses are paid for by society and all their profits are snuck into secret UBS bank accounts in Switzerland.

American Capitalism is a game rigged by Swindlers and Thieves. Similar to the landed gentry and Peers of the Middle Ages, they claim infalliability for their station in life with titles, like "Job Creators" and they’ve spent decades creating Repositories of Conservative Bullshit, euphemistically called think tanks, which produce terabytes full of justifications for the Order of the World. Here's what the Heritage Foundation proclaimed would happen if the Bush tax cut legislation were to pass, it would:
1) Effectively pay off the federal debt;
2) Reduce the federal surplus by $1.4 trillion;
3) Substantially increase family income;
4) Save the entire Social Security surplus;
5) Increase personal savings;
6) Create more job opportunities.
Not one of their predictions came true, but then the Bush Tax Cuts weren't about helping the American people but about stealing Trillions in wealth.

Plus, the Plutocracy has it's church, run by politicians and corporately controlled media, which give daily sermons to the serfs and lavishes praise on their Masters.

At a recent fundraising event hosted by the odious Koch Brothers and attended by Billionaires and Millionaires, Chris Chrisite assured the Plutocrats that they are the Lords of Creation.
"Please, if you leave with just one message from me, if only one message sticks: This is a huge moment of crisis and opportunity for our country. All of you are the people who are going to lead us back to American greatness. If you care enough to do it."
Chrisite also assured the Plutocracy that help from the Government to the Middle and Working Classes was at an end,
"Now, pain will be inflicted when we change that. People are going to do with less. People who are used to having entitlement at a certain level will not have them at that level anymore. That's the story." Christie cited Wisconsin Rep. Paul Ryan's "courageous" and "thoughtful plan" to "fix those systems" by replacing Medicare with a voucher program.
That pain you feel? Well, that's the Republicans whipping you in the fields while your Lords work you to death.

Related:
The Republican Party's Notion of Shared Sacrifice

Republican Tax Cuts, Spending and Ultra-Whining

Monday, January 3, 2011

The Republican Party's notions of Shared Sacrifice

In order to be part of the totalitarian mind-set, it is not necessary to wear a uniform or carry a club or whip. It is only necessary to wish for your own subjection, and to delight in the subjection of others. ~ Christopher Hitchens, from god is not Great pg. 232, sums up the Republican Party and their conservative fanatics use of Government in order to subjugate the Poor and Middle Class.
Whenever you watch a Sunday Political Show and a Republican bureaucrat talks about Shared Sacrifice watch out it means the Middle Class is in for a beating. The Republican Party has spent the last 30 years dismantling the Federal Government in an effort to destroy the Poor and subjugate the Middle Class.

When Wall Street engaged in furious gambling aided by the blind eye of Republican de-regulation it meant the Middle Class would sacrifice by being on the hook for the debts incurred. Of course, the Wall Street hoodlums know this because they've been pulling the same scam for 30 years ever since Ronald Reagan and John McCain gave them the nod, with the Savings & Loan Scandal, that Corporate theft would be protected with stolen Tax payer dollars.

Shared Sacrifice means a Federal Worker pay freeze on Middle Class government employees while helping Goldman Sachs funnel Billions of Tax Payer dollars into bonuses for the Bankers whose profligate "investment" gambling was aided and endorsed by President Bush and the Republican Party and the cause of the 2007-2009 Republican Party recession.

When Republicans start wars, as a means of a gigantic transfer of wealth from the Nation to the blood sucking War Profiteers, for instance Halliburton and Blackwater (Xe), it meant the poor and middle class would bear the brunt of the suffering and sacrifice, while Republicans profit off the blood of dead Americans in wars they will never serve in for Republicans eschew military service due to their inherent cowardice.

When Republicans talk about shared sacrifice in terms of cutting Federal spending it means an elimination of regulatory bodies, like the FDA, the EPA, OSHA and MSHA which keep Corporate monstrosities from poisoning our food water and air or from working Americans in dangerous slave conditions. It also means Republicans will continue to strive to steal from pensions and social security as detailed in Paul Ryan's plan to eliminate Medicare, Medicaid and Social Security.

It means Billions of dollars physically lost in Iraq as the price of Warmongering and Trillions of dollars stolen from Social Security and transferred to the Republican War Profiteers off-shore banks in the Cayman Islands and UBS Switzerland. It means the end of Regulation on Banks, it means apologies to Oil Companies who destroy our lands and defense of Rich Mine Owners who kill their workers, it means an increase of Taxes on the Poor, while Taxes on the Rich decrease.

Shared Sacrifice to Republicans means the rapidly expanding gulf between the Rich and the rest of America. It means the Grover Norquist and Voodoo Economists dream of destroying Unions.
"They can tell their unions that they have to accept cuts now or face a much more dire fate in bankruptcy court.”
And the Sham Tea Party Hateriots have allowed themselves to be conditioned that Unions are always to blame. The $30K-a-year garbage man in New York City is to blame for the economy and not the recklessness of real estate "moguls" who leveraged and repackaged billions in junk investments in order to make big scores on the Republican housing bubble scam. Conservatives blame dead Chicago Firefighters and not Harry Macklowe whose, as pointed out in the New York Times Real Estate section, "$7 billion gamble on seven Midtown skyscrapers at the top of the market almost cost him his entire empire, is out looking for new deals."

And while thousands of Americans have been fast-tracked into bankruptcy and home foreclosure,
the truth is that there have been surprisingly few career fatalities among New York developers, even though they have lost billions of investor dollars on overpriced real estate and have littered the city with unfinished apartment buildings. While a homeowner who lost a house to foreclosure would find it difficult to borrow for years, developers who defaulted on enormous loans have still been able to attract money.
Nope Republicans are busy browbeating their conservative slaves into believing the Middle Class is to blame.

Shared Sacrifice means the realization of the Republican Goal of Neo-Feudalism, wage slavery and cutthroat Capitalism for the Poor and Socialism for the Rich and their undying Corporate monsters.

Related:
EPA Reminds Republicans Cap-and-Trade Used to be GOP Idea - and it Worked for Acid Rain [The Center for Public Integrity]

Monday, November 29, 2010

Republicans and Wall Street sabotage America

"We’re losing our democracy to a different system. It’s called plutocracy.” ~ Robert Reich

"I sincerely believe, with you, that banking establishments are more dangerous than standing armies."~ Thomas Jefferson

"Corporations have been enthroned .... An era of corruption in high places will follow and the money power will endeavor to prolong its reign by working on the prejudices of the people... until wealth is aggregated in a few hands ... and the Republic is destroyed." ~ Abraham Lincoln
The Republican Party has been wholly bought and paid for by Corporate Money. There is one job the Republicans have to accomplish as they steal back into DC, which is the continued transfer of wealth in this nation to the Richest. Already under George Bush's evil regime we saw a the Rich get Richer but, we've also seen Republicans use the power of Government to transfer Trillions into the coffers of the Rich.

But it's never enough for the Plutocrats. What they want is Plutonomy, a new era of Feudalism, in which Wall Street bankers are the new Lords and Barons with Republican bureaucrats acting as the new clergy telling the rest of America this is the way it's supposed to be. As Republican Jeb Henserling told America,
"I don’t think we can figure out how to outlaw recessions any more than we can outlaw tornadoes or outlaw hurricanes. Economic growth has never gone in one straight line up. It’s a part of freedom."
You see? Your economic woes are due to freedom. The vicissitudes of Freedom ordain that you be poor. Amen...

Remember Tea Partiers had no problems with the $700 Billion USC TARP bailout or with the other undisclosed billions used to rescue AIG, Bear Sterns and the other Wall Street racketeers accomplished by the Fed and financed with Taxpayer money. Sarah Palin supported the TARP in her standard mangled diction,
"Now, as for the economic bailout provisions and the measures that have already been taken, it is a time of crisis and government did have to step in playing an appropriate role to shore up the housing market to make sure that we're thawing out some of the potentially frozen credit lines and credit markets, government did have to step in there."
You betcha we must help the Banks which caused the Crisis because Capital belongs to the Capitalists and poverty belongs to the poor.

And as soon as those Trillions were in the hands of Wall Street, President Bush used his executive authority to allow the money to be used in whatever way the Treasury Secretary Hank Paulson and the Rich bastards they serve deem... Henry Paulson backed away from the government's plan to use $700 billion in bailout funds to buy troubled mortgage assets and instead called for a fresh injection of cash to financial institutions. "Our assessment at this time is that this is not the most effective way to use TARP (Troubled Asset Relief Program ) funds," Paulson said. "I will never apologize," Feudal Lord of the Exchequer Henry Paulson declared to the obedient serfs, "for changing an approach or strategy when the facts change. I think the apologies should come the other way." When you question him, you should apologize.

Remember the Tea Party anger at the hundreds of Billions requested yearly off budget by Bush as emergency war spending? Or when Billions in hard currency was physically lost in Iraq?

The last 10 years of the Bush Tax cuts were supposed to foster growth and jobs. Where are they? The Rich did what they always do with extra funds they "invested" those monies in their own off-shore bank accounts. Swiss banking giant UBS helped 52,000 unidentified American Thieves hide untold Billions stolen from American taxpayers into secret accounts. UBS agreed to pay $780 million USC to keep their identities secret. Under President Bush we had years of wage stagnation and wealth accumulation amongst the richest Americans just the way the Koch Brothers want.

Republicans want to crush the Middle Class and Poor and grind down Americans into serfdom and wage slavery forever.
"And I'm going to tell you one other thing: When did we ever get to a point in America where, we're nearly at the point where fifty percent of Americans don't pay anything in taxes! Nothing!" ~ Sean Hannity.
Of course, Hannity isn't the only Commentator at Faux News to demand the Poor pay more in Taxes. To the Rich in America the poor and middle class need to shoulder the burden of paying for Government and Government's role is to protect the profits of Wall Street.

President Obama is not the progressive superman many hoped he would be, but what he has done is offer hope with the Healthcare Insurance reform, the General Motors Bailout which saved thousands of UAW jobs, and ending the War profiteers boon in Iraq, so the Banking and Plutocratic Robber Barons have decided Obama must go. They engage in scurrilous lies about him to convince an ignorant vocal minority into believing Obama is somehow foreign.

Monday, September 27, 2010

Republican Tax Cuts, Spending and Ultra-Whining

You've never tasted desperate. You're the prince of Gotham you'd have to go a thousand miles to find someone who didn't know your name. So don't come down here with your anger. - Carmine Falcone, Batman Begins
A blog post about a week ago by Todd Henderson, Law Professor at the University of Chicago caused a stir because Mister Henderson engaged in the perverse whining of the Ultra Entitled. His “Truth on the Market” blog post now long since deleted (because Henderson couldn't stand to have his Libertarian garbage and factual errors challenged although it is google cached for all time) as Henderson complained that with 'my big mortgage, my cars, my nanny, my lawn service, my children's private schools, my $15,000+ a year property taxes' he couldn't afford to have his and his wife's combined income of more than $250,000 taxed at the pre-Bush rates.
“A quick look at our family budget, which I will happily share with the White House, will show him that like many Americans, we are just getting by (emphasis added) despite seeming to be rich. We aren’t,” Henderson wrote.
Besides Henderson's haute myopic 'Oh we aren't Rich' attitude he also engages in the ignorant Libertarian mantra, Government taxes are theft and we the people can spend that money better, showing the Republican duplicity surrounding Tax Cuts.

The time to complain that We Can Spend Our Money Better than the Government was when Bush and Cheney were spending that money for you in Iraq and Afghanistan and Somalia and in Medicare Part D. The money the Government needs in order to function was stolen by Bush and given to his Moneyed Masters who shipped it to UBS in Switzerland and other off-shore Accounts. Bush and the Republicans used the Tax Cuts combined with the "Emergency" War Spending and DoD Budget to steal Trillions from America. But, of course, the testicle gurgling Tea Baggers didn't complain abut spending then as Bush isn't dark complected.

But, the lying Republican scum doesn't just tread in the ignorance surrounding the profligate spending they engaged in and for which the bill is now due, they engage in lies about what Tax Cuts accomplish. Republicans have been claiming for years Tax Cuts are going to stimulate job growth. Does anyone who is unemployed believe this bilge?

If it were true the years after Bush proposed and the Republican Congress implemented his Tax Cuts would have been the largest growth period in American history. But, it wasn't. And the only President who destroyed more jobs than Bush was Ronald Reagan during his Piss Down Your Back and Tell You It's Raining trickle down economics.

What Reagan's and Bush's Tax Cuts accomplished was the steadiest and fastest accumulation of Wealth in the Hands of the Rich and Ultra Rich Plutocrats since the infamous Robber Baron Age. That is what "Tax Cuts" are designed to accomplish. The funneling and concentration of Money into Republican Masters' Hands.

But, Ronald Reagan, didn't just Piss on the Poor and Middle Class, he also dismantled the Industrial Base of America for his Moneyed Masters.

Because, along with placing the Federal Tax Burden on the Middle Class the Plutocratic Tea Baggers want to off-shore as many jobs as possible. The Republican Party takes their orders from Plutocrats who have one goal, To Steal as much Money as possible.

To the Koch Brothers, Paul Singer, and The Triumphant American Plutocracy, the Federal Government exists to Reduce the Cost of Labor. Republicans help accomplish this by constant undercutting and attempts to Destroy Unions, the importing of illegal workers and the offshoring of as many jobs as possible.

When combined these efforts by Republicans help undermine and eliminate the power of American Workers who cost too much money for Plutocrats tastes.

Of course, in order to sell this crap to Middle Class persons Republicans wail about Welfare Theft (ACORN!!!) by those people, the gold teethed, latest hip hop cell phone ring tone, cadillac driving persons. It's a constant invocation of the Reagan Era Welfare Queens. It shows what middle class and working class people are up against. Money, they have it, they want more and they are willing to watch you suffer and die to ensure they get it.

Related:
Spending All Your Money on R&B Ringtones [Hullabaloo]
Ending Plutocracy: A 12-Step Program [The Nation]
Fact and Fiction in Debate Over Bush Tax Cuts [The Real News Network]
Republicans Piss On Veterans [Disaffected and it Feels So Good]

Tuesday, May 4, 2010

No One Cares

Black water keeps rollin' on past just the same ~ The Doobie Brothers, Black Water
President Obama has been forced to deal with rampant active Corporate Negligence and Disinterest which caused a major, perhaps The Major ecological disaster in American History. And whom does he have to thank? Most of the fault lies with soulless Corporate "Persons", BP, Transocean and Halliburton who are more concerned with their profits than the Death and Destruction they visit upon the world. But, Republican 'The Free Market does everything better than Government' Punk Ass Bitches share a sizable portion, although Republicans always blame god for their fuck ups.

But, listen up Barack some time very soon you need to end the Occupations of Iraq and Afghanistan.

The Whole Lie of Neo-Conism is the Fight'em There so we don't Fight'em Here. Besides the fact that no NeoCon has ever "Fought", ever humped a pack, shit in a hole in the sand, ducked mortars in a Hot Zone or ever even served in the military this "reason" is constantly undercut by the continued Terrorist attacks here in America. And it doesn't matter how "well" you prosecute their wars Barack because unless you are willing to keep troops Over There in perpetuity, they will declare you weak or a Terrorist yourself. In fact #6 on the New Conservative Heresy test declares Unending Wars are a necessary condition of Dogmatic Faith. The NeoCons demand this from their Teabagged and Battered Republican Voters because they know Unceasing Death=Unending Profits for them.

The reason the US Military is in embroiled overseas is to protect our Empire for Business. Those selfsame Corporate Persons more interested in their bank accounts than the entire Gulf of Mexico also don't care about VBIEDs, PTSD, suicides or the thousand little deaths and regrets suffered by those fortunate enough not to spill their heart's blood in the desert.
NeoCon Frank Gaffney: "It is regrettable that they had to die, but I believe they did have to die."
The US Military has more often than not been used for Imperial Colonization and the enrichment of the Plutonomy.

This how Corporate Plutonomy views the Military. This is why Plutocrats seek to get Republicans in Office. Republicans dutifully send the Military hither and fro and then convince their troglodyte followers that any hint of pulling back from Empire is unmanly, ungodly and unamerican and the Democrats are cowed by vocal warmongers and continue the Wars for Chicken Hawk Cowards, Thieves and Scoundrels.

Related:
Disaffected and it Feels So Good: Feels like Suicide
War is a Force that Gives Us Meaning ~ Talk by Chris Hedges hosted by The Real News Network
Disposable Soldiers ~ Joshua Kors, The Nation

Sunday, January 17, 2010

The Weak Dollar and the Republican Recession


Every time he turned the wheel,
It was a dollar down and a dollar a week.
~ Woody Guthrie

In 2003 while liaising with ISAF assets along the Jalalabad Road, some Brits came over to talk with us. They asked me where I was from in the States, when I told them Chicago, they perked up and wanted to know what great things to do in the city. They explained the pound had incredible purchasing power against to the dollar.

Now why was the dollar losing power even back in 2003? Because the blatant and profligate thievery of Bush was sending our American Economic Power and Health into a death spiral, culminating in The 2007 Great Republican Recession, the chinese control of a Trillion in US Debt (all run up by Bush), Republican handouts to the Banking Industry and the removal of Billions of Dollars to semi-secret Swiss Bank Accounts for the Kleptocracy of America which supports Republicans and hates Americans.

It's all part of the criminal Republican Party Corporate Welfare Gang's plan to ceaselessly Privatize Profits and Subsidize Losses and their Socialist Pathology of funneling Trillions of Dollars to the Gang of Corporate Criminals.

So, the Piss Down Your Back and Tell You It's Raining Republican plan begun by WWII Chicken Hawk and Beirut Coward and Photo-op exploiter Ronald Reagan and continued by George Bush and his Master Dick Cheney to destroy the Middle Class almost succeeded. By deregulation, curbing and ignoring law enforcement powers of the government the Republicans nearly destroyed the US Middle Class.

However, the Punk Ass Bitches on the Right have taken it upon themselves to reframe truth for their followers. In this new Truth: 9/11 was inherited, the Iraq War was a rousing success, the economy never tanked until ACORN began receiving billions of dollars and Fannie and Freddie all-of-a-sudden began giving out millions to the unemployed to purchase Tear Down McMansions.

Typical Bullshit Republican Revisionism.

And the battered and cowed supporters of the Republican party, who desperately want to believe Republicans are moral upright christians, flag waving war heroes and fiscally responsible let themselves be played by the Immoral Deviants, Chicken Hawk Cowards and Socialist Kleptocrats which comprise the unscrupulous debauched Modern Republican Party.

Wednesday, February 25, 2009

U and US? UBS or Just BS


They suck my body out
But friend there is no doubt
I'm gonna pay the devil his dues
Cause I'm sick of being abused

Eat the rich, eat the rich
Don't you know life is a bitch
Eat the rich, eat the rich
Out of the palace and into the ditch ~ Eat The Rich, Krokus


A dozen or so Americans are suing the Swiss Banking Giant UBS to keep their names secret. Why? Well, this stems from UBS agreeing to turn over information to the US Justice Department last week. Switzerland has always been a natural destination for pilfered funds.

But, this lawsuit is happening because those who put Tipsy Canoe into power did so to use the federal government to funnel Billions of dollars into their hands. That was the whole point of ensuring an ignorant patsy like Bush got into power.