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POPSAnother $140B for the banks!!?? Our Sec. Treasury Paulson has quietly set aside a tax law affecting banks, with the estimated net of an additional $140B!! Guess who is footing the bill? We are!
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POPSA Quiet Windfall for US Banks "It was a shock to most of the tax law community. It was one of those things where it pops up on your screen and your jaw drops," said Candace A. Ridgway, a partner at Jones Day, a law firm that represents banks that could benefit from the notice. "I've been in tax law for 20 years, and I've never seen anything like this."
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POPSAmerican Policy Elites Do Not Care About the Starving
World food prices grew 22% from June 2007 to June 2008 and a significant portion of the increase was propelled by the $175 billion invested in commodity futures that speculate on price instead of seeking to feed the hungry. The result is wild food price spirals, both up and down, with food insecurity remaining widespread. For a family on the bottom rung of poverty a small price increase is the difference between life and death, yet neither US presidential candidate has declared a war on starvation. Instead both candidates talk about national security and the continuation of the war on terror as if this were the primary election issue. Given that ten times as many innocent people died on 9/11/01 than those in the World Trade centers, where is the Manhattan project for global hunger? Where is the commitment to national security though unilateral starvation relief? Where is the outrage in the corporate media with pictures of dying children and an analysis of who benefits from hunger?
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POPSHopes for the Future I hope that new government programs and spiderwebs of red tape do not pop up to interfere with American productivity, and that we can quickly get our financial footing again. We have to understand that an economic correction needs to take place and the only way out of the coming recession is to go through it. Efforts to avoid it can only prolong it. I hope we can somehow find our way back to sound money and reject corporate cronyism. We cannot address our budget problems at home without changing our disastrous foreign policy abroad. I am hopeful that the new administration can take on the mantle of peace and diplomacy in foreign policy that many Americans feel they were promised. Many other nations also have this hope, which exudes from their congratulatory sentiments offered after the election. They hope that national sovereignty will be respected. They hope that through diplomacy violence and war can be averted. I hope so too.
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POPSObama's Council On Foreign Relations Crew This is by no means an exhaustive list. Of course, had John McCain become president, being a member of the CFR himself, his administration would have been replete with CFR representatives also. Max Boot, Lawrence Eagleburger and Henry Kissinger, to name but a few, are all CFR members and were all advisors to the McCain campaign. It is important to document how these people are a part of the engine of global elitism and do not represent change. Only with this understanding will others wake up to the false left-right paradigm and be able to create the environment for real political change. Out with the old regime, in with the old regime?
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POPS"Joe The Plumber" Meets "Senator Government" Pittsburgh Tribune-Review: “ he One-Third Of All American Working Families Who Pay No Income Taxes Now Will Receive A Government Check Under The Obama Plan. And That Number Could Rise To About 44 Percent Under Obama’s Proposal.” The Wall Street Journal Calls Obama’s Numerous Refundable Tax Credits “Tens Of Billions Of Dollars In Government Handouts.” New York Post: “ bama’s ‘Tax Cuts’ Really Amount To A Sizable Expansion Of Welfare.” Barack Obama Has Called For Higher Income Taxes, Social Security Taxes, Capital Gains And Dividend Taxes, And Corporate Taxes, As Well As “Massive New Domestic Spending.” . . . s that what most Americans want, someone who will fulfill a Democratic policy wish list?” U.S. News & World Report’s “Capital Commerce” Blog: http://www.usnews.com/blogs/capital-commerce/2008/02/13/barack-hussein-reagan-ronald-wilson-obama.html
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POPSThink before you vote.. Un-rewritten history can clear away the slogans and buzz words. If we value our future we must not be fooled again.
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POPSMcDonald’s Caves In To Anti-Gay Group Demands Sadly, Mickey D has decided to permit a homophobic hate group dictate their corporate policies. Giving into these boycotts does nothing but encourage groups, such as this one, to continue to strong-arm major businesses to discriminate against gays and lesbians. I am hoping my GLBT friends will refuse to do any business with McDonalds.
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POPS"Blueprint For Change" Opens with a Lie. Too Good to be True ought have you all the more vigilant. The Marxist agenda played out .And all wrapped up in a bow which plays on peoples deepest insecurities: The fear of what may be inside them. Young,well-to-do suburban whites who never went across the railroad tracks in their life MUST prove to themSELVES that they are not racist. So - no matter what - ignore the questions, shut down the intellect (while claiming superior intellect) and , "Oh my God, never let it be said that (tsk) I, of all people - could be racist. Hey, look, I voted for Barack Obama."
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POPSInnocent Govt Bailing out Evil Industry=NOT ! Congress passed the Sarbanes-Oxley Act in 2002, placing some very stringent, inappropriate, and inflexible reporting rules on financial institutions. Under this law, financial assets must be valued at fair market value--- even if they are not for sale! The Working Capital Model eliminates this problem entirely, but it is difficult to apply when the individual securities are not identifiable. More than 95% of Americans are making their mortgage payments right on schedule, yet there is no market for the financial products that contain these mortgages. Consequently, balance sheets reflect trillions of dollars less than the maturity value of the securities held by the financial institutions.
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POPSPiece on Fisher Investments Fisher Investments is headquartered in Woodside, California, and maintains additional operations at its office locations in San Mateo, California and Vancouver, Washington. Fisher Wealth Management is a wholly-owned subsidiary based in London, England, offering Fisher Investments’ services to clients in the United Kingdom. Fisher Investments’ joint venture affiliate, Gruener Fisher Investments, serves investors in Germany.
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POPSNow Is the Time to Resist Wall Street's Shock Doctrine
(cont.)In the midst of this economic crisis, he is actually demanding the repeal of the Sarbanes-Oxley Act, which would lead to further deregulation of the financial industry. Gingrich is also calling for reforming the education system to allow "competition" (a.k.a. vouchers), strengthening border enforcement, cutting corporate taxes and his signature move: allowing offshore drilling. It would be a grave mistake to underestimate the right's ability to use this crisis -- created by deregulation and privatization -- to demand more of the same. Don't forget that Newt Gingrich's 527 organization, American Solutions for Winning the Future, is still riding the wave of success from its offshore drilling campaign, "Drill Here, Drill Now!" Just four months ago, offshore drilling was not even on the political radar and now the U.S. House of Representatives has passed supportive legislation. Gingrich is holding an event this Saturday, September 27 that will be broadcast on satellite television
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POPSWhose Iraq Predictions Have Come True? The American people deserve better. Being asked to endorse such a farce is beyond insulting. Clearly, the rosy predictions of the neoconservatives from before the war are not coming true. Far from it! With a straight face, one official estimated the TOTAL cost of reconstruction in Iraq would be just $1.7 billion. Turns out that we spend more than that in ONE WEEK. Our friends are not pitching in to cover the cost. Expenses are not being covered by oil from a grateful and liberated Iraqi people. Rather, big corporate interests are benefiting, the price of oil has more than quadrupled, and the American economy is on its knees and sinking fast. No one predicted the exact course of this war before it started. But to continue to listen to the foreign policy advice of those that were the MOST off-base will only lead to more foreign policy disasters.
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POPSOh Yes, I believe you, George! "And I share their concerns." You really don't, because you've been in the office for eight freaking years and you've had enough time to not let the crisis come to our doors.
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POPSThe Problem Is Empire (cont.)I am campaigning for and voting for Barack Obama not because I agree with him on every foreign policy issue but because I think we need to unleash the energy of those who fight for justice and housing and healthcare and jobs and the environment here at home. The Obama movement is registering and mobilizing millions of new voters, young people, working class, people of color and poor. The mere fact of their being mobilized will create a pressure for new priorities on the economic home front against the present priorities of militarization abroad. The fact that Obama rose to his present position on the tide of antiwar sentiment forces Obama and the Congressional Democrats to pay greater attention to our needs at home or pay a political price. If he expands the quagmires in Afghanistan and Pakistan, we will have to oppose those wasteful wars as well.
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POPSBush Seeks New Congressional War on Terror Declaration Another attempt by the Bushistas to keep us on a permanent war footing and economy. The War Profiteers no doubt will love this and may have even written it. (I expect Congress to kiss the Preznut's ass again on this) Corporate war crimes are the norm.
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POPSMovement Conservatism: The G.O.P. - Selling Social Policy as a Commodity indifference to learning from experience and adjusting accordingly is a central characteristic of movement conservatism. Examples: Resistance to forming a 9/11 commission (Bush administration) Resistance to learning what went wrong during Hurricane Katrina ( John McCain); The term Flip-Flopping, (one can never form a new opinion or idea based upon new experience or information;
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POPSObama's Depressing Tax Plan He has opposed the Columbian Free Trade Agreement, even though it primarily removes tariffs on American exports to that country, with barriers to Columbian exports to America already almost all removed under the Andean Trade Preferences Act. In sharp contrast, McCain has promised tax cuts to promote economic growth and strengthen the U.S. dollar. The federal corporate tax rate today is 35 percent, and McCain suggests cutting it to 25 percent. This would mirror rates elsewhere: The average corporate tax rate in the European Union was slashed from 38 percent in 1996 to 24 percent by 2007. The rates in India and China are lower as well. American companies are not going to produce more jobs and higher wages with this crippling competitive disadvantage.
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