Written By : John Hawkins December 10, 2012
1. “Hey, at least that successful Mormon businessman didn’t win.”
2. “Didn’t your lady parts warn you this would happen?”
3. “Look at the bright side. Gay marriage passed in four states.”
4. “Hey, Big Bird still has a job. Isn’t that the important thing?”
5. “I am sure Obama cares deeply about your situation. Maybe he’ll send you a postcard from Hawaii.”
6. “Well, look at the bright side. Rush Limbaugh is getting a massive tax increase.”
7. “Hey! Now you’ll have more time to play with your unicorn.”
8. “Isn’t it worth losing your job to know that religious organizations now have to pay for abortions and contraceptives?”
9. “Well, now you and Keith Olbermann have something else in common.”
10. “Forward!”
VtheK wrote this. Make sure to check out his blog.
Stucky says:
11. Don’t worry about it! We’ll take care of you the rest of your life.
.
Cuntsack Rep. Sheila “Canyon Nose” Lee said yesterday …. “No cuts to entitlements!!” … “Entitlements Are ‘Earned”
http://www.youtube.com/watch?v=wRxay1ynjN4&feature=player_embedded
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12th December 2012 at 4:15 pm
llpoh says:
12. At least you have Obamacare to see you through.
13. Obama feels your pain.
14. At least you were well paid before you were let go.
15. I am sure all of those extra taxes on the rich will flow down to you.
16. I hear there is more trouble in Syria and Egypt, and the Army is starting to recruit again.
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12th December 2012 at 4:20 pm
Stucky says:
17: Obama be givin’ you a phone too!
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12th December 2012 at 4:31 pm
Stucky says:
18. ObamaCare be gvin’ you free condoms too !!
Just be sure you be bringin’ propah Obama ident’ficaschun, like dis;
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12th December 2012 at 4:39 pm
Stucky says:
19. We be gettin’ u a job real soon. Dontchyu worry none.
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12th December 2012 at 4:46 pm
underfire says:
I’ve been thinking about this for awhile, since I’m pretty sure I’m in the top 50%.
The question is, in our rush now to cannibalize the “rich”, how much of the meat of this economy is going to get gutted?
Example, the Gov. is looking to private enterprise to address potential helium shortages. So, where does that money come from? Previously it came from risk takers, investors who managed what resources they had with an eye on return, whether large or small. The same can be said of those willing to risk resources to start or proceed with a business or other endeavor.
Just about everyone is in agreement that there are those who have and are paid way too much money. But what percentage of the top echelon are just ordinary folks that have saved, risked, researched and worked hard because that is what they do? All the while those they are compared against have thought only of what next weeks paycheck and credit card balance will allow them to buy.
Next question, what happens to this economy if that segment withdraws? As the potential rewards increasingly fail to justify the risk?
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12th December 2012 at 4:58 pm
card802 says:
Underfire, you should know that no one is safe. Obama can’t raise enough new revenue by taxing the 2% to touch the deficit let alone the debt. When the 2% is decimated, next in line will be the 5% all the way to you.
As far as what happens to the economy after the wealthy flee, business flee and the rest of us are robbed of all we have created?
The fed, the fed is always the answer.
http://finance.yahoo.com/news/fed-ramps-stimulus-approach-support-173200191.html
The end game will be sudden and it will be harsh.
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12th December 2012 at 5:37 pm
card802 says:
Can someone enlighten to the fact of what the GDP number would be without QE?
Negative?
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12th December 2012 at 5:40 pm
Anonymous says:
card802 says: “Underfire, you should know that no one is safe. Obama can’t raise enough new revenue by taxing the 2% to touch the deficit let alone the debt. When the 2% is decimated, next in line will be the 5% all the way to you.”
Gone beyond 5% already. Obama originally said the 2% were taxed at 36% under Bush and he wants to raise that to 39.6%.
Now we find out that the 2% were actually in both the 33 and 36% Bush brackets. On top of that, the Bush 2% were taxed at 36% on a taxable income of $379K or more (individual).
Under Obama, that 39.6% rate will be on a taxable income of $200K or more. Looks like the 2% ers expanded considerably.
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12th December 2012 at 5:54 pm
card802 says:
Anon,
Are you saying the Prez lied to us? Again?
New York Times: 12-6-12
“Neera Tanden, domestic policy director for Mr. Obama’s 2008 general election campaign, said the president might not have succeeded in rallying popular support for any tax increase if he had not made the $250,000 promise.
But Ms. Tanden, now president of the left-leaning Center for American Progress, said the administration should reconsider that commitment.
She co-authored a deficit-reduction plan released earlier this week recommending modest tax increases on households making as little as $100,000.”
Higher taxes will not stop at the top 2%, 5%, or 50%.
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12th December 2012 at 6:17 pm
underfire says:
card802 says: “Can someone enlighten to the fact of what the GDP number would be without QE? ”
I have a theory on that. Somewhere around Zero in the world as we know it.
So, since the Fed has become the lender of last resort, at acceptable rates, which essentially means zero, QE IS the game. Since about one half of all Govt. expenses are covered with debt, that means if and when we do have to live within our means, that Govt. will have to cut, say all wages by half, contractors get cut by half, pensions, ss, medicare, unemployment, debt repayment all cut by half, or some variant of the above.
When that happens, a wave of belt tightening will swamp our economy, resulting in a further downsizing of business and taxpaying jobs. This will necessitate another round of Govt. cuts, resulting in still less tax revenue, resulting in more cuts etc. etc. etc.
I wonder how they measure GDP in Cuba.
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12th December 2012 at 6:49 pm
Administrator says:
GDP is already negative if you measure CPI truthfully
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12th December 2012 at 7:03 pm
Novista says:
Forget about taxes — the next phase is the new, improved Asset Forfeiture.
Forces 400 for 2012:
The combined net worth of the 2012 class of the 400 richest Americans is $1.7 trillion, up from $1.5 trillion a year ago.
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12th December 2012 at 7:04 pm
card802 says:
Admin, I’ve admitted before, I’m not good with charts and graphs, that one I can understand.
I’m in the contracting business and most contractors I talk with all have a feeling of impending doom.
No one is very optimistic abut the near future. It’s as if we are all just going through the motions, waiting for whatever is next, we know it’s not going to be good, most will not admit at how bad it could get. Plan for the worst, hope for the best I guess.
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12th December 2012 at 7:14 pm
sangell says:
Asset forfeiture cannot happen for the simple reason that all Bernanke has been able to do is artificially reinflate asset values. A share of GM may sell for $20-25 dollars on our no volumen HFT guided stockmarket but it needs all kinds of Central Bank and Federal government assistance to keep that valuation. Take that away and its bankrupt again.
Any move by the government to raise taxes or withdraw monetary and fiscal stimulus is going to crater asset valuations all over again. That’s the Obamagroids Catch 22.
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12th December 2012 at 7:26 pm
Anonymous says:
Left/Right – Democrat/Republican – Elephant or Mule, all are the same horse’ ass. Either one in the White House makes no difference today. They just have different roads to the same collapse and 3rd world status. There is no recovery possible just as paying off the national debt or any other debts is not possible. They all know it. It is just that you sheeple don’t want to. The end of cheap, plentiful energy meant the end of growth and without growth the capitalist system existing today cannot continue.
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12th December 2012 at 9:58 pm