So, the memo has gone out. “Fiscal Cliff” is the new code, to scare people about the economy. Let us keep our tax handouts to the richest 1%, or we’ll threaten you with economic calamity and drive you off a financial cliff. We’ll threaten to crash your economy. Again.
Didn’t you do that to us already? Ooh. Pass TARP or you won’t be able to get any more loans! Okay. We passed it. Economy still went down the toilet! Do we need a rush on the banks? Just take all our money OUT of Wall Street’s Casino?
Warren Buffett plays ukelele. Photo: weakonomics.com
It appears Warren Buffet agrees with Palomino Road. It’s time to take the diapers off, and stop coddling the super rich. During the depression, everyone sacrificed to help revive the economy. It’s time for those with the money, to invest in this country, or pay their fair share of taxes, since they enjoy using our infrastructure so much. Clinton’s tax rates didn’t break the economy, in fact, we had record growth.
Thank you, John Stewart.
John Coffee, The Daily Show, Aug. 10, 2011.
Loan sharks corner the market as banks and rating agencies have been caught with their hand in the cookie jar one too many times. How long before we stop running scared, letting them run the show? How long, before actions are heinous enough for those who are allowing them to perpetrate these economic catastrophucks say enough? And when will those who say they want to be fiscally conservative learn that threatening to default for grandstanding ended up costing taxpayers more money.
"Goldman Sachs has engineered every major market manipulation since ... " charlesgoyette.com
Guess it’s time for the market to take a dip. Are short sellers lighting cigars somewhere? All it takes is a hush, a whisper and a false report, to bring down an entire company overnight. Yes, because regulators are so intent on pleasing their corporate masters, they threaten to plunge America into default, rather than bite the hand that feeds them.
Yes. The boom and busting bubble market will always pop and go down. Those who are hoarding cash will go shopping for the low, low price of whatever they decide to plunge the price down to. If you’ve already got investments, hold on. The roller coaster usually comes on the heels of political news, so it’s not surprising to see it happening now.
The GOP’s latest game of chicken regarding the debt ceiling is hailed as a solution to our debt, but would result in billions upon billions more we’d have to pay in extra interest charges. It’s reckless, ridiculous and dangerous for our country. Why aren’t more people calling them out, for endangering our country this way? They’re acting like that deadbeat friend who asks you to cosign for something, then ditches out on the debt and leaves you with bad credit. It’s sickening to watch them fall over themselves to hand out tax breaks and bloated corporate welfare, while punishing the middle class and the entire nation with their hysterical and irrational debt dance that even they admit is all just for show. In their zeal, do they understand they’re hurting us all? Fiscal responsibility is more than just curbing spending, it’s also being a good steward to our country, honoring our debts, and protecting our credit rating.