Are they truly that clueless about what the choices are?
The cost to the Treasury of extending the Bush tax cuts for the wealth starts near $35 billion next year and explodes to nearly $700 billion over a decade. So the question for Democrats is simple: what do you want to happen to that $700 billion?
If you give it to the wealthiest Americans, who already have the vast majority of wealth in the US (and it’s getting worse), they won’t stick it in mattresses or some Cayman Islands bank account earning piddling interest, though they may try to hide it there and avoid even more taxes. No, they’ll send much of that $700 billion to Wall Street to gamble on making more money, asking their favorite bankster to place their bets on the latest expected bubble.
Or . . . you could let the tax cuts on the wealthiest Americans expire and use that money, or even a portion of it, to create jobs, reduce unemployment, rehire teachers/firemen/police, rebuild infrastructure and help those most in need, including the insecure elderly who lost much of their retirement savings when Wall Street and incompetent regulators destroyed $12-14 trillion in America’s housing and investment wealth.
The one thing almost all economists agree on — even the Republican advisers — is that reducing taxes on the rich has a very small stimulus effect on the economy, but using those same dollars on the poor and lower middle class has a much larger positive effect — about five times as large, or more. Clearly, that’s the best investment we could be making with that $700 billion, or any portion of it.
So here’s the test for Democratic candidates: You have $700 billion. You can give it away to the richest Americans and have them gamble that on the next Wall Street scams, or you can invest some or all of it with the people on Main Street.
Wall Street casinos or Main Street jobs. The choice is really that simple. And any Democratic candidate that can’t explain and sell the right choice to voters shouldn’t be running for office.
I don’t know how many times I’ve seen a status come across my news feed that says “Facebook has an dislike button, install now!” Chances are now from what we’re being told by Sophos that these folks fell for a scam that really doesn’t truly add a dislike button anyway.
What’s installed is a Firefox add-on by FaceMod, but nobody will see your dislikes unless they got the add-on installed as well. Sophos says that the company is not involved with the scam, but is rather being used as bait.
Whoever’s behind it has rigged the Facebook app (which doesn’t install the add-on anyway) to silently update your Facebook status which in turn spreads it to your friends. In order to even gain access to the add-on, the user needs to fill out an online survey.
The survey seems to be how the scammers are making money through this scheme. Sophos recommends that users download FaceMod’s dislike button directly if they really want it, and ignore those status messages.
eric seiger
iPhone <b>news</b> & tidbits « UGNN
iPad week roundup . . . news about the iPad This week's iPhone column looks at * Apple Game Center snubs iPhone 3G, first iPod Touch * Antennagate took big bite from iPhone sales, analysts say * Fox News Launches New iPhone Political ...
2 Local Men Burn Quran Despite Protest - Nashville <b>News</b> Story <b>...</b>
SPRINGFIELD, Tenn. -- Two men burned copies of the Quran Saturday afternoon while families of local soldiers protested nearby. Sunday, September 12, 2010.
Morning <b>News</b> | Slog | The Stranger, Seattle's Only Newspaper
Slog, featuring Dan Savage, is Seattle's most popular News & Culture Blog. Seattle News, Politics, and Arts Blog. The Stranger covers local & national news, politics, restaurants, bars, music, movies and the arts.
No comments:
Post a Comment