Watching True Grit from outdoor video projector a few weeks back at family members lakehouse. Picture was taken with Droid X Motorola cell phone, no flash.
The Reverend, June 20, 2011...
No matter how often you hear the Serious and the Professionals go on and on about how essential it is right now to cut, cut, cut government spending in order to save the national economic patient, doing so will only put the patient in the intensive care ward. Choking the ability of the government to carry out it's role as "spender of last resort" when the conditions in our economy absolutely call for more spending…..is akin to practicing the primitive art of bloodletting.
Paul Krugman, July 31, 2011....
So those demanding spending cuts now are like medieval doctors who treated the sick by bleeding them, and thereby made them even sicker.
Just found that interesting, that's all.
File this under, "what could this guy know?".....
Billionaire Warren Buffett urged U.S. lawmakers to raise taxes on the country's super-rich to help cut the budget deficit, saying such a move will not hurt investments.
"My friends and I have been coddled long enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice," The 80-year-old "Oracle of Omaha" wrote in an opinion article in The New York Times.
Buffett, one of the world's richest men and chairman of conglomerate Berkshire Hathaway Inc , said his federal tax bill last year was $6,938,744.
"That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income - and that's actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent," he said.
"I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain," he said
"People invest to make money, and potential taxes have never scared them off."
Like I said, what could Buffet possibly know about anything?
Sometimes my more....say...imaginative....conservative readers like to go on and on about how wacky The Reverend's ideas are on the economy, taxes and government spending. So, I guess the lesson here is that billionaire Warren Buffet and Nobel winner, Dr. Paul Krugman.....are just ignorant, wacko, lemmings for the loony liberal left. Or something.
Wanna see the future of American labor? Look no further than the poorest state in the Union, Mississippi....
....high-priced consultants are....predicting that within five years certain Southern U.S. states will be among the cheapest manufacturing locations in the developed world -- and competitive with China.
For years advisers like the Boston Consulting Group got paid big bucks to tell their clients to produce in China. Now, they say, rising wages there, fueled by worker unrest, and low wages in Mississippi, Alabama, and South Carolina mean that soon it won't be worth the hassle of locating overseas.
BCG bluntly praises Mississippi's "flexible unions/workers, minimal wage growth, and high worker productivity," estimating that in four years, workers in China's fast-growing Yangtze River Delta will cost only 31 percent less than Mississippi workers.
If Republicans could only have their patsy on the Supreme Court, John Roberts, rule that federal minimum wages are unconstitutional....then Mississippi could quickly tout how business friendly their state really is. I can see it all now. 'Mississippi....the state which brings Chinese wage levels back here so we don't have to fight them over there.'
Keep racing to the bottom, Mississippi...and America.....you're still a few years out, so you'll need to hurry. Do read the entire article....America's middle class may just get hollowed out quicker than I thought.
Finally...speaking of hollowed out......consider The Professional Media Guy, NBC's David Gregory. The Fluffster doesn't do news. Not his job to tell viewers which politician is lying and which one isn't. This gutless approach to journalism was rewarded, naturally, with Gregory winning the anchor chair to the Village's Meet the Press. Gregory is the Fluffster Formerly Known as Karl Rove's Backup Dancer.
Chuck Todd: Perry-Obama would be a picture of sharp contrasts.
David Gregory: You know, Perry talked about potentially seceding from the union. You think that's extreme. Well people on the other side think that introducing health care reform for the whole country is akin to European Socialism.
If you will allow me.....Talking about seceding from the Union and talking about every citizen of America having health coverage.....wait for it.....are not f*cking similar....even in some gutless, phony, extreme-equivalency search. You gots to do better than that, Fluff.
Seceding from the Union is illegal and any efforts to do so would be punished for the treason that it most certainly is. It doesn't get any more extreme than that.
OTOH, advocating for universal health coverage for all American citizens, and yes, talk even of single payer, has been part of America's ongoing debate throughout all modern-era presidencies of both parties. Not the least bit extreme.
But in Serious Dancer Dave's world those two things are equal in their extremism, one right, one left. That's how the Village media works. Meaning, of course, that it doesn't.
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