The only thing good about the Democrat debates is it will give the Useful Idiots a chance to see just how stupid they all are.
Anonymous
September 23, 2015 8:34 am
I’m not seeing the Hillary scandals making much difference to anyone other than her enemies who wouldn’t be voting for her under any circumstances.
Most voters today don’t vote for someone they want, they vote against someone they don’t want (which is why negative attack campaigns are so successful).
Rise Up
September 23, 2015 11:21 am
At the Reagan presidential library?
Administrator
Author
September 23, 2015 12:58 pm
Carly Fiorina’s $4 Billion Job Scam at Hewlett-Packard
As CEO, she lobbied for a tax holiday on corporate profits to create jobs. Instead, the money was used to buy back stock while HP fired 14,500 workers.
Had Donald Trump been talking about Carly Fiorina’s essence rather than her appearance, he might have had a point.
Not that it should matter one way or the other, Fiorina has an altogether pleasant physical presence, markedly more so than does Trump.
But a blind person could see that Fiorina was the very face of corporate greed and income inequality during her five-year tenure as CEO of Hewlett-Packard.
Take, for example, the cynically named Homeland Investment Act of 2004. The bill was passed as part of the equally cynically named American Jobs Creation Act of 2004 after intense lobbying with Hewlett-Packard in the forefront.
The purported aim of the legislation was to generate economic growth and therefore jobs at home by according corporations a one year “tax holiday” on billions in overseas profits they had stashed offshore.
The result was a $265 billion corporate giveaway.
The windfall was supposed to go toward research and development, and other job-creating endeavors.
Instead, almost all of it was put into stock buybacks as a way of funneling cash to stockholders, these prominently including CEOs.
Never mind that the bill prohibited such buybacks.
And all that talk about putting more Americans to work did not stop the corporations from cutting as many as 100,000 American jobs in the name of even greater profits.
Hewlett-Packard saved more than $4.3 billion and put more than $4 billion into stock buybacks. It laid off 14,500 workers.
To make it all even uglier, Hewlett-Packard lobbied for the Homeland Investment Act as a member of something called the Homeland Investment Coalition—this at a time when the “war on terror” was intensifying and the word “Homeland” made everyone think of national security.
Hewlett-Packard saved more than $4.3 billion and put more than $4 billion into stock buybacks. It laid off 14,500 workers.
The Department of Homeland Security had been founded in 2002. We had invaded Iraq in March 2003. And there was Fiorina four months later, party to using “Homeland” to hustle the government out of billions with false promises of new jobs.
That may not be treason, but it is close enough to turn the stomach, coming in the midst of our longest war, when some of our very best young people were returning home in coffins.
And it is no less ugly because numerous other corporations were part of the scam, these including fellow tech outfits such as Microsoft and Apple, as well as pharma giants such as Pfizer and Merck.
What does make Fiorina worse than the other CEOs who pushed The Homeland Hustle is her appearance at this month’s Republican debate, during which she called for a $500 billion-plus boost in military spending.
“We need the strongest military on the face of the planet, and everyone has to know it,” said this erstwhile instigator of a wartime con.
One current presidential candidate who cannot take Fiorina to task is Hillary Clinton, who voted for the bill when she was in the Senate. Clinton did so when even the Bush administration saw through the scam and opposed the legislation. Bush’s Council of Economic Advisers warned that the bill “would not produce any substantial economic benefits.”
“There will be some stimulative effect because it pumps money into the economy,” Phillip Swagel, former chief of staff of the council, has been quoted as saying. “But you might as well have taken a helicopter over 90210 [Beverly Hills] and pushed the money out the door. That would have stimulated the economy as well.”
Bush ended up signing the bill just two weeks before the 2004 election. The resulting tax holiday reduced the rate on returning overseas profits from 35 percent to 5.25 percent. The biggest winners were Pfizer, which brought back $37 billion while eliminating 10,000 jobs, and Merck, which brought back $15.9 billion while eliminating 7,000 jobs.
Hewlett-Packard came in third moneywise, repatriating $14.5 billion. But it seems to have topped all the others in job cuts, besting—or rather worsting—Pfizer by 4,500.
In a twist, one of the Hewlett-Packard folks who lost her job in 2005 was Fiorina herself when she was fired as CEO. That meant she was forced out even as the scam she made possible was carried out.
This particular cut actually cost the company. She departed with a $21 million severance package.
But that does not seem so excessive when you consider that Hewlett-Packard and the rest of the Homeland Investment Coalition engineered a multibillion-dollar fast one during her tenure.
A University of Kansas study estimated that in this particular instance, every dollar spent on lobbying translated into an average of $220 in tax savings for the companies involved. That was a 22,000 percent return, and considerably more when it came to Hewlett-Packard.
Now Fiorina is running for president, declaring that we need to spend billions upon billions more on the military. Her campaign did not return a request for comment on her part in the shameful Homeland Hustle.
starfcker
September 23, 2015 3:56 pm
Nobody is going to take fiorina seriously as a presidential candidate. Just MSM cannon fodder. I’d bet any poll numbers on her are fraudulent. Leadership, huh?. Not that one.
yahsure
September 23, 2015 4:13 pm
I see little of Hillary.Mostly Sanders spewing nonsense. I get the feeling that people are really stupid and will vote for Hillary,Even though she looks ready for a nursing home.
Westcoaster
September 23, 2015 6:01 pm
@Siddell, let me drop a name on you in response to your comment…..George W. Bush, the king of stupid.
@Yahsure, what did Sanders “spew” that you brand as nonsense? What, not enough money for more Middle East invasions? What, putting a tax on HFT trading and using that to pay for college educations? Be specific in your lame response.
@Admin thanks for the post on Fiorina. Trump was right, she’s an ugly bitch. I would have said cunt but I didn’t want to stoop to Stucky’s level. In any case she ruined Lucent and cut the heart out of HP.
cz
September 24, 2015 12:02 am
Westcoast said a mouthful. I think some know the game, but I’ll just throw in for fun: Who does she think she is?
We are on a ship of fools. Outlook bleak.
I honestly don’t know how this sitcom keeps getting renewed. It boggles my brain.
There’s much we don’t know; crime upon crime upon crime….We see and hear from the worst criminals maybe in history regularly, on a daily basis. How do we not rebel? Is it mind control? “they” seem untouchable, though if we’re “lucky” we might run into a psychopath bitch pres hopeful at wendys.
I’ve seen enough/too much and am racking my brain to find a way out of here. Steph may find that wimpish, but prepping to hunker down isn’t much fun. And for what? Defend the idea of AMERICA? Please define. You can’t. I don’t think I can express how long-gone that idea is, if it was ever real to begin with. Think about our reality (or the concept of a pleasing one) or better yet, let current pres what’s-his-name or next idiot/tool do it for you.
Where we’re at. Suck it up like a hoover deluxe.
EL Coyote
September 24, 2015 12:30 am
cz says: I’ve seen enough/too much and am racking my brain to find a way out of here. Steph may find that wimpish, but prepping to hunker down isn’t much fun. And for what? Defend the idea of AMERICA? Please define. You can’t. I don’t think I can express how long-gone that idea is, if it was ever real to begin with.
Stucky with his great mind could not define America. He searched in literature and television, radio and music and could not distill the essence of the land. There are pools, much like there are actual pools of saltier water below the ocean itself, where Mayberry comes to life. But these communities are obscured by larger dark pools of human decay and factories of decadence. Even under the veneer of white protestant America crawled a seedy layer of perversion and adultery.
gm
September 24, 2015 9:09 pm
omg as long as privately owned central banks can create currency out of thin air . it doenst matter who is tacitly in power . The bankers own the place . if I can give someone a 100 million dollars or yen or rubles or lire or euros I don’t give a fuck who gets elected ! I can buy and sell them
Whats your price? everyone has a price lol . I will be bought and sold when tptb provide the treatment for curing my kids . That’s my button , wtf is yours ?
The only thing good about the Democrat debates is it will give the Useful Idiots a chance to see just how stupid they all are.
I’m not seeing the Hillary scandals making much difference to anyone other than her enemies who wouldn’t be voting for her under any circumstances.
Most voters today don’t vote for someone they want, they vote against someone they don’t want (which is why negative attack campaigns are so successful).
At the Reagan presidential library?
Carly Fiorina’s $4 Billion Job Scam at Hewlett-Packard
As CEO, she lobbied for a tax holiday on corporate profits to create jobs. Instead, the money was used to buy back stock while HP fired 14,500 workers.
Had Donald Trump been talking about Carly Fiorina’s essence rather than her appearance, he might have had a point.
Not that it should matter one way or the other, Fiorina has an altogether pleasant physical presence, markedly more so than does Trump.
But a blind person could see that Fiorina was the very face of corporate greed and income inequality during her five-year tenure as CEO of Hewlett-Packard.
Take, for example, the cynically named Homeland Investment Act of 2004. The bill was passed as part of the equally cynically named American Jobs Creation Act of 2004 after intense lobbying with Hewlett-Packard in the forefront.
The purported aim of the legislation was to generate economic growth and therefore jobs at home by according corporations a one year “tax holiday” on billions in overseas profits they had stashed offshore.
The result was a $265 billion corporate giveaway.
The windfall was supposed to go toward research and development, and other job-creating endeavors.
Instead, almost all of it was put into stock buybacks as a way of funneling cash to stockholders, these prominently including CEOs.
Never mind that the bill prohibited such buybacks.
And all that talk about putting more Americans to work did not stop the corporations from cutting as many as 100,000 American jobs in the name of even greater profits.
Hewlett-Packard saved more than $4.3 billion and put more than $4 billion into stock buybacks. It laid off 14,500 workers.
To make it all even uglier, Hewlett-Packard lobbied for the Homeland Investment Act as a member of something called the Homeland Investment Coalition—this at a time when the “war on terror” was intensifying and the word “Homeland” made everyone think of national security.
Hewlett-Packard saved more than $4.3 billion and put more than $4 billion into stock buybacks. It laid off 14,500 workers.
The Department of Homeland Security had been founded in 2002. We had invaded Iraq in March 2003. And there was Fiorina four months later, party to using “Homeland” to hustle the government out of billions with false promises of new jobs.
That may not be treason, but it is close enough to turn the stomach, coming in the midst of our longest war, when some of our very best young people were returning home in coffins.
And it is no less ugly because numerous other corporations were part of the scam, these including fellow tech outfits such as Microsoft and Apple, as well as pharma giants such as Pfizer and Merck.
What does make Fiorina worse than the other CEOs who pushed The Homeland Hustle is her appearance at this month’s Republican debate, during which she called for a $500 billion-plus boost in military spending.
“We need the strongest military on the face of the planet, and everyone has to know it,” said this erstwhile instigator of a wartime con.
One current presidential candidate who cannot take Fiorina to task is Hillary Clinton, who voted for the bill when she was in the Senate. Clinton did so when even the Bush administration saw through the scam and opposed the legislation. Bush’s Council of Economic Advisers warned that the bill “would not produce any substantial economic benefits.”
“There will be some stimulative effect because it pumps money into the economy,” Phillip Swagel, former chief of staff of the council, has been quoted as saying. “But you might as well have taken a helicopter over 90210 [Beverly Hills] and pushed the money out the door. That would have stimulated the economy as well.”
Bush ended up signing the bill just two weeks before the 2004 election. The resulting tax holiday reduced the rate on returning overseas profits from 35 percent to 5.25 percent. The biggest winners were Pfizer, which brought back $37 billion while eliminating 10,000 jobs, and Merck, which brought back $15.9 billion while eliminating 7,000 jobs.
Hewlett-Packard came in third moneywise, repatriating $14.5 billion. But it seems to have topped all the others in job cuts, besting—or rather worsting—Pfizer by 4,500.
In a twist, one of the Hewlett-Packard folks who lost her job in 2005 was Fiorina herself when she was fired as CEO. That meant she was forced out even as the scam she made possible was carried out.
This particular cut actually cost the company. She departed with a $21 million severance package.
But that does not seem so excessive when you consider that Hewlett-Packard and the rest of the Homeland Investment Coalition engineered a multibillion-dollar fast one during her tenure.
A University of Kansas study estimated that in this particular instance, every dollar spent on lobbying translated into an average of $220 in tax savings for the companies involved. That was a 22,000 percent return, and considerably more when it came to Hewlett-Packard.
Now Fiorina is running for president, declaring that we need to spend billions upon billions more on the military. Her campaign did not return a request for comment on her part in the shameful Homeland Hustle.
Nobody is going to take fiorina seriously as a presidential candidate. Just MSM cannon fodder. I’d bet any poll numbers on her are fraudulent. Leadership, huh?. Not that one.
I see little of Hillary.Mostly Sanders spewing nonsense. I get the feeling that people are really stupid and will vote for Hillary,Even though she looks ready for a nursing home.
@Siddell, let me drop a name on you in response to your comment…..George W. Bush, the king of stupid.
@Yahsure, what did Sanders “spew” that you brand as nonsense? What, not enough money for more Middle East invasions? What, putting a tax on HFT trading and using that to pay for college educations? Be specific in your lame response.
@Admin thanks for the post on Fiorina. Trump was right, she’s an ugly bitch. I would have said cunt but I didn’t want to stoop to Stucky’s level. In any case she ruined Lucent and cut the heart out of HP.
Westcoast said a mouthful. I think some know the game, but I’ll just throw in for fun: Who does she think she is?
We are on a ship of fools. Outlook bleak.
I honestly don’t know how this sitcom keeps getting renewed. It boggles my brain.
There’s much we don’t know; crime upon crime upon crime….We see and hear from the worst criminals maybe in history regularly, on a daily basis. How do we not rebel? Is it mind control? “they” seem untouchable, though if we’re “lucky” we might run into a psychopath bitch pres hopeful at wendys.
I’ve seen enough/too much and am racking my brain to find a way out of here. Steph may find that wimpish, but prepping to hunker down isn’t much fun. And for what? Defend the idea of AMERICA? Please define. You can’t. I don’t think I can express how long-gone that idea is, if it was ever real to begin with. Think about our reality (or the concept of a pleasing one) or better yet, let current pres what’s-his-name or next idiot/tool do it for you.
Where we’re at. Suck it up like a hoover deluxe.
cz says: I’ve seen enough/too much and am racking my brain to find a way out of here. Steph may find that wimpish, but prepping to hunker down isn’t much fun. And for what? Defend the idea of AMERICA? Please define. You can’t. I don’t think I can express how long-gone that idea is, if it was ever real to begin with.
Stucky with his great mind could not define America. He searched in literature and television, radio and music and could not distill the essence of the land. There are pools, much like there are actual pools of saltier water below the ocean itself, where Mayberry comes to life. But these communities are obscured by larger dark pools of human decay and factories of decadence. Even under the veneer of white protestant America crawled a seedy layer of perversion and adultery.
omg as long as privately owned central banks can create currency out of thin air . it doenst matter who is tacitly in power . The bankers own the place . if I can give someone a 100 million dollars or yen or rubles or lire or euros I don’t give a fuck who gets elected ! I can buy and sell them
Whats your price? everyone has a price lol . I will be bought and sold when tptb provide the treatment for curing my kids . That’s my button , wtf is yours ?