did I mention “suck it?”

by lestro

It’s a little early to be truly celebrating, I realize, but so far everything the Haters warned about has failed to materialize and just like with their economic programs, the economy has gone in exactly the opposite direction as they predicted.  Funny how that works out.

so, uh, SUCK IT YOU REPUBLICAN FUCKS!

The Standard & Poor’s 500-stock index, a key gauge of the broader market and the benchmark for many investors’ index funds, erased all its 2009 losses just before the close.

Stocks catapulted higher following reports that government stress tests of major banks would offer more cause for cheer than fear about the health of the financial system. Investors also gleaned some hope from signs of improvement in the housing market and the construction industry. And jitters about a swine-flu pandemic seemed to be easing.

The S.&P. 500 jumped 29.72 points, or 3.4 percent, to close at 907.24 points on Monday. This jump finally gave the index a 2009 gain of 0.44 percent after a grinding start to the year.

In contrast, the Nasdaq composite index is up 11.8 percent since the beginning of January, buoyed by gains in technology companies. On Monday, the Nasdaq rose 44.36 points, or 2.6 percent, to 1,763.56.

The Dow Jones industrial average gained 214.33 points, or 2.6 percent, to 8,426.74. Still, the Dow remains down nearly 4 percent for the year to date.

Also, this week in my paycheck I noticed my Obama Tax Cut – that’s right, a TAX CUT TO THE MIDDLE CLASS YOU TEA PARTYING MORONS – an extra $15 A WEEK thanks to the fact that I make less than $200,000 per year.

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But the Republicans, of course, disagree.

by lestro

He talked about it during the campaign, but who knew he’d actually do  it?

President Barack Obama will flesh out a proposal included in his February budget blueprint seeking to curb the practice of parking foreign earnings in offshore tax havens indefinitely.  By some estimates, $700 billion or more in U.S. corporate earnings have accumulated in overseas accounts in recent years.

The plan to be announced Monday will go further. It aims to change the legal treatment of offshore subsidiaries and structures that companies have used to avoid not only U.S. taxes, but taxes in other developed countries as well. In addition, the administration will strive to tighten rules that have encouraged thousands of Americans to open offshore bank accounts in an effort to duck U.S. taxes.

The plan would increase information reporting and tax withholding as well as penalties, and make it harder for foreign account-holders to win cases in court. The administration promised new enforcement tools to crack down on tax-haven abuse.

For too long companies claiming to be “American” have avoided paying taxes and that has to stop.

But the Republicans, of course, disagree.

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They’re kidding, right?

by lestro

So apparently, the Republicans today released their budget proposal, which is very funny.

Almost as funny as this:

“Two nights ago, the president said we haven’t seen a budget yet of the Republicans,” said House Minority Leader Rep. John Boehner (R-Ohio). “Well, it’s not true, because here it is Mr. President.” He waved a thin document called “The Republican Road to Recovery” that describes the GOP proposal.

That’s funny because Boehner is trying to do a bit of a Ha-Ha on the pres, making it out as though the president is out of touch and didn’t know the Republicans had a proposal, when the truth is, THEY DIDN’T WHEN HE SAID IT.

How dumb do these guys think we are? oh, right:

Republican lawmakers refused to offer details of how much their alternative budget proposal would cost or how much it would increase the deficit, saying they would release overall numbers next week. Instead, they provided a general outline of proposals that included cutting overall government spending except for defense, banning any additional spending for bailouts of financial companies and a huge income tax cut that would make the maximum tax rate 25% instead of 36% as under current law.

They’re joking, right?

First of all, to complain about the president’s budget and then provide no specifics in what you are touting as the Republican counter-proposal is just fucking dumb.

But beyond that, at a time when government revenues are dropping and spending is increasing to fix the fucking messes created over the past eight years by Boehner and his buddies (who had no problem running up huge deficits and borrowing, borrowing, borrowing when Bush (who never once saw a spending bill he didn’t like) was in office), their plan is to cut taxes for the wealthy AGAIN, putting even more of the tax burden on the backs of the middle class?

Even Michael “Humpty” Steele is more together and sane than this.

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The page finally starts to turn

by lestro

from a Fox News poll:

fox poll q14 3.4.09

Reagan, as a reminder, is the Republican Godhead of the Trickle Down Theory, which stated that cutting taxes on the rich would then trickle down to create more jobs for the not-as-rich.

It didn’t work.  At all.

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An Important Relationship in Trouble

by the Squid

According to Sharon Rivkin, there are seven signs that a relationship is in trouble, and in reading it, I began to feel that I am in trouble with a very important relationship in my life: my relationship with New York State.

I was raised in upstate New York and so was my extended family.  A few of us have left the state to live, but we all came back.  Now, with the sagging economy, dysfunctional legislature, massive $12 billion dollar deficit, general low wages and industry leaving the state in droves, I have begun to seriously look at this relationship and I am beginning to think it is about over.

1) Fighting has become the rule rather than the exception

Who would have thought that once the bulldozer called Eliot Spitzer left office, soon followed by the tough Republican Joe Bruno, that New York state legislature would become MORE dysfunctional.  New York’s State Senators all seem to be petty, power-hungry egomaniacs who are looking to serve their own self-interests before those of the citizens of this state.

2) You find yourself looking outside the relationship for comfort, care and understanding

While New York was getting pounded with an ice storm, Charlotte, North Carolina, had temperatures in the 50’s.  Taking the Presidential election in context, North Carolina was in play for the Democrats because people are leaving NY and other Northeast states for the South with its low taxes, pleasant weather, low cost of living and perception of growth both in industry and social prosperity.

And if you look at the tax rates for other states, five have no taxes at all, while others allow personal exemptions or overall lower tax rates.

Why would someone want to stay in a place where jobs/companies are leaving, taxes are high, weather is fickle and people running the state are self-serving pariahs?

3) You can’t remember what attracted you to your partner in the first place

Much like point two;  I have forgotten why I came back to this state.

4) There is little intimacy in the relationship

As a resident, I believe New York has forgotten about me and the other upstate residents.  The top three leaders of the state are from one of the five boroughs or Long Island.  There has always been a downstate vs. upstate rivalry, but that was partially kept in check by the very powerful upstate Republican Joe Bruno.  Since his retirement, I believe the upstate voice has been diminished considerably.

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McCain is such a funny guy

by twit and by lestro

He must be joking

On almost every issue, the two presidential candidates have staked out opposing positions. Their contrasting views on wealth surfaced during their back-to-back appearances in Southern California on Saturday night when each was asked to define “rich.”

Obama didn’t hesitate. “I would argue that if you are making more than $250,000, then you are in the top 3, 4 percent of this country,” he said. “You are doing well.”

McCain took a far more discursive approach to answering the question but ultimately settled on a dramatically higher figure: “I think if you’re just talking about income, how about $5 million?

The Arizona Republican quickly added that he was “sure that comment will be distorted,” and his campaign said Sunday that he was joking.

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