December 2011
16 posts
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America’s corporate tax obscenity →
In 2010, Verizon reported an annual profit of nearly $12 billion. The statutory federal corporate income tax rate is 35 percent, so theoretically, Verizon should have owed the IRS around $4.2 billlion. Instead, according to figures compiled by the Center for Tax Justice, the company actually boasted a negative tax liability of $703 million. Verizon ended up making even more money after it...
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Keynes was Right →
Keynes Was Right
By PAUL KRUGMAN
Published: December 29, 2011
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“The boom, not the slump, is the right time for austerity at the Treasury.” So declared John Maynard Keynes in 1937, even as F.D.R. was about to prove him right by trying to balance the budget too soon, sending the United States economy — which had...
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Hysterically Funny Elizabeth Warren Video →
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Fact Check: Keystone XL Would Ship Foreign Oil To... →
More corporate tax dodging. Excerpt: “Keystone XL would divert Canadian oil from refineries in the Midwest to the Gulf Coast where it can be refined and exported. Many of these refineries are in free trade zones where oil may be exported to international buyers without paying U.S. taxes. And that is exactly what Valero, one of the largest potential buyers of Keystone XL’s oil, has told its...
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Republican Candidates for President and Jobs
One only needs to look at the current field of Presidential Contenders for the Republican Party to understand that not only do Republicans not care about the economy, they really don’t care about jobs at all. Leading the Polls are Social Conservative candidates Gingrich, Bachman, Paul, Santorum and Perry. All Anti-Abortion, Anti-Gay candidates with no plans on how to create jobs. Romney is...
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Crisis Pregnancy
Went to the local Shop Right and was harassed by the Crisis Pregnancy people looking for donations. And people who didn’t know what they were all about were giving them money. I was about to slap one of them when they turned to me and said “Choose Life”.
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HUGE METHANE PLUMES ARE DISCOVERED IN ARCTIC OCEAN →
Russian scientists sampling the waters of the East Siberian Arctic Shelf have discovered enormous plumes of methane, some more than a kilometer wide, bubbling up from the thawing seabed. Igor
Melting Arctic Ocean Raises Threat of ‘Methane Time Bomb’
While scientists have long believed that thawing permafrost in Arctic soils could release huge amounts of methane, in recent years they began to...
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Obama insists on indefinite detention of Americans →
Think that President Obama will stand by his word and veto the legislation that will allow the government to detain American citizens without charge or trial? Think again.
The Obama administration has insisted that the president will veto the National Defense Authorization Act for Fiscal Year 2012, a bill that passed through the Senate last week. Under the legislation, the United States of...
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US Predator Drones being used in Local Police work →
When one asks why our local schools can’t afford to hire teachers, pay for books or provide other essential services, maybe this is why. When one asks why our schools are failing, and our bridges and roads are falling apart, maybe its because our local police forces are spending millions of local tax dollars to fly predator drones for local police work. See we obviously have the money for...
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Russian Election Watchdog in Cahoots with US to... →
Russian news website Life News has published emails it claims show correspondence between the US State Dept. and the Russian election watchdog Golos discussing payments for work done to discredit the results of Russia’s parliamentary vote.
Life News says it has come into the possession of 60 megabytes of Golos’ private online correspondence. According to Life News, they are letters sent and...
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100 Ways Obama is like George Bush →
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The Fed Bailouts: Money for Nothing →
I think it’s fair to say that Congressman Ron Paul and I are the parents of the GAO’s audit of the Federal Reserve. And I say that knowing full well that Dr. Paul has somewhat complicated views regarding gay marriage.
Anyway, one of our love children is a massive 251-page GAO report technocratically entitled “Opportunities Exist to Strengthen Policies and Processes for Managing...
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The Wall Street Pentagon Papers: Biggest Scam In... →
What if the greatest scam ever perpetrated was blatantly exposed, and the US media didn’t cover it? Does that mean the scam could keep going? That’s what we are about to find out.
I understand the importance of the new WikiLeaks documents. However, we must not let them distract us from the new information the Federal Reserve was forced to release. Even if WikiLeaks reveals documents from inside a...
Killing the Euro →
Even optimists now see Europe as headed for recession, while pessimists warn of another global financial crisis on the way. How did things go so wrong?
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America in Bankruptcy
Today the Federal Reserve Chairman from around the world met today in Washington to discuss the impending collapse of the EURO Zone. The result was a stunning announcement US Federal Reserve would bail out the European Union, the amount of which is still unknown. His on the heals of an audit which revealed in December of 2008 the Federal Reserve loaned approximately $7 Trillion dollars to the...