Economy
Original Author:
fake consultant
Like a lot of people these days, we have come to the conclusion that it’s time to change our lousy bank.
And it wasn’t even like we chose badly, either – we were customers of Washington Mutual for almost two decades, and we loved ‘em: they were nice people to deal with, they didn’t constantly hammer you every time you came in to the branch with desperate sales pitches, and they didn’t even charge you for using another bank’s cash machines.
It turns out, however, that all that beneficence came at a cost: WaMu made a lot of money making sketchy mortgage loans, and when it all came crashing down, we found ourselves customers of JPMorgan Chase, who we now hate with the fire of a thousand suns.
But it turns out choosing a new bank ain’t all that easy – and that’s where you come into today’s conversation.
Debunking the Myths: Tax Cuts Don't Create Jobs
Here's a very important article by retired U.S. magistrate judge Vanzetta McPherson: Politicians perpetuate lie ...
If you repeat a lie often enough, people begin to believe it.
The lie in question, told statewide and nationwide, is that there is a direct link between taxing businesses and increased unemployment.
...
There are so many tax breaks available for corporations in Alabama that in 2008, 67 percent of Alabama's 25,000 corporations paid no taxes at all.
...
Politicians know all too well that tax breaks do not create jobs.
... why do politicians perpetuate the lie that cutting taxes will create jobs? It's profit -- only this time it's personal profit, and it comes at every election cycle, neatly packaged as a campaign contribution.
As we've said time and again, if tax cuts for corporations and millionaires created jobs, we would have been at full employment since the Bush tax cuts kicked in. It's the big lie. America needs more articulate, outspoken, truthtellers like Vanzetta McPherson to debunk this Big Economic Lie.
Can you say mean-spirited? Short-sighted? The un-compassionate conservatives in Congress are at it again ...
Setting a collision course with Democrats that could drag out for months, House Republicans on Thursday unveiled plans to cut federal money for job training, heating subsidies and grants to better-performing schools.
The draft measure for labor, health and education programs also seeks to block implementation of President Barack Obama's signature health care law, cut off federal funds for National Public Radio and Planned Parenthood, and reduce eligibility for grants for low-income college students.
These are Republican priorities: Cut job training, cut grants to low-income students, cut low-income heating subsidies by 28%, cut public schools, stop the Affordable Care Act and, of course, defund NPR and Planned Parenthood.
Americans overwhelmingly support taxing the rich at least as much as we tax the middle class -- what Barack Obama calls "the Buffett Rule." A Public Policy Polling (PPP) survey conducted last week for DailyKos.com found Americans overwhelmingly support the Buffett Rule:
Do you support or oppose ensuring that people who make over a million dollars a year pay the same percentage of taxes or more on their total income as those who make less than a million dollars a year?
Overall, 73% of respondents support this radical -- NOT! -- concept that millionaires should pay at least as much as the rest of us.
Poor and Getting Poorer
You may have seen recent reports on rising poverty in Alabama ... almost one in five Alabamians lives below the poverty line. As usual, Alabama is firmly in the worst five states when it comes to how many of our neighbors live in poverty. What has not been mentioned in the news reports, but is a signifigant part of the poverty problem in Alabama, is how much black households have suffered economically in recent years.
Black households were already at a tremendous disadvantage compared to white households at the turn of the century, but they've been slammed in the last few years. The discrepancy is apalling. Median wealth of white households is now about 45 times more than that of black households.
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