The 1% Solution

The 1% Solution
September 17, 2003
By Curt Morey

On Meet the Press with Tim Russert this past Sunday, The vice president,
Dick Cheney, emerged from his bunker to defend the president's policies.
When Russert confronted Cheney about the $87 billion Bush is asking from
Congress to support the efforts in Iraq and Afghanistan, Tim stated that 6
in 10 Americans oppose that spending.

In addition, Russert went on to say that according to the Congressional
Budget Office, repealing the Bush Tax Cut for the top 1% of the population
would more than pay for the $87 billion appropriations request in just one
year!

And not to be steamrolled by Cheney's perpetual spin, Russert challenged
the effectiveness of the tax cuts saying that they have not produced the
job creation effect that Bush had promised, and in fact 2.7 million jobs
have been lost since Bush took office.

Now I won't go into the spin that Cheney put on those striking numbers -
I'll just give you my take on the matter.

The fact that the Bush tax cuts have yet to generate job growth as
promised is proof that trickle down economics is a failed and discredited
economic theory. It truly is "voodoo economics." What we have seen is that
the rich and the Corporations who have benefited so heavily from the
Republican tax cuts have not invested in job creation activities, but have
instead participated in one of the oldest of American hobbies: profit taking!

Nothing wrong with rich folks putting money away or buying luxury items,
instead of going out and using that money as venture capital and starting
new businesses. After all, it is their money, right? And there is nothing
wrong with Corporations taking the tax breaks and returning it in the form
of dividends to stockholders, instead of expanding their work force and
starting new business development projects. After all, it is the
stockholders money, right?

What is wrong is that Bush and his administration continue to peddle the
tax cuts as a means of creating jobs, when in fact the tax cuts are simply
a vehicle for paying back the constituencies that elected this elitist
administration.

Anyone in business knows that companies will hire new staff only after
they have identified an unmet market demand and have developed a marketing
plan that has strategies for harvesting the potential new profit.
Companies will go after markets whether or not conservatives are giving
them tax cuts and even if liberals are making them pay their share.

As a side note, Wisconsin Corporations are now paying 50% less of the
State's tax burden than they were 30 years ago, dropping from 9.2% to 4.5%.

Buhs's tax cuts for the rich come at a time when this president is
spending more money faster than any president in modern day history. This
president has yet to see an appropriations bill that he would not sign,
and has yet to use the power of the veto to curtail spending.

In addition, he has now declared, in his recent speech to America, that
"...we will spend whatever is necessary to achieve this essential victory
in the war on terror..." That is code for, "we will spend whatever we
want, whenever we want, on the military, and if you object, we will accuse
you of being unpatriotic."

This liberal contends that the patriotic thing to do would be to go to the
polls in 2004 and elect a candidate that is not a warmongerer, that is not
prone to pandering to the rich and to Corporations, and who does not hold
the American public hostage to his messianic visions which are causing the
deaths of American lives daily in the Middle East, and deficits at home
that will crush any economic gains they claim to promote.

In 2004, it is our duty to recall this president and start anew.

Charlie Wolf wrote:

> The 1% Solution
> September 17, 2003
> By Curt Morey

...........

> The fact that the Bush tax cuts have yet to generate job growth as
> promised is proof that trickle down economics is a failed and discredited
> economic theory. It truly is "voodoo economics." What we have seen is that
> the rich and the Corporations who have benefited so heavily from the
> Republican tax cuts have not invested in job creation activities, but have
> instead participated in one of the oldest of American hobbies: profit
> taking!

Trickle down does work. You just don't know where it will trickle down.

I work for a global networking company. The multi-nationals of the world
are rushing to move production and jobs to China at a rate that is radidly
accelerating.

Two years ago, we would sell one connection to Shanghai or Guangzhou in
about a 3rd of all proposed networks.

Last year, a given deal might have 2-3 China sites.

This year, the number of sites in China might be 10, 20 30 or more.....for
an American or European corporate looking to dismantle their operations in
their home countries.

Now....these networks are only just now being built. The factories they
server are only just being built.

The FULL impact of this won't be seen for another year - maybe two.

When it does.....the 3 million jobs last over the past couple of years in
the USA will look like the Good Old Days.

Trickle down is making China fat and happy. You can't even blame free trade
because trade with China is far from free. You can only blame the greed of
the multi-nationals...and the politicians they own - like G W Bush.

Charlie Wolf wrote:

> The 1% Solution
> September 17, 2003
> By Curt Morey
>
> On Meet the Press with Tim Russert this past Sunday, The vice president,
> Dick Cheney, emerged from his bunker to defend the president's policies.
> When Russert confronted Cheney about the $87 billion Bush is asking from
> Congress to support the efforts in Iraq and Afghanistan, Tim stated that 6
> in 10 Americans oppose that spending.
>
> In addition, Russert went on to say that according to the Congressional
> Budget Office, repealing the Bush Tax Cut for the top 1% of the population
> would more than pay for the $87 billion appropriations request in just one
> year!
>
> And not to be steamrolled by Cheney's perpetual spin, Russert challenged
> the effectiveness of the tax cuts saying that they have not produced the
> job creation effect that Bush had promised, and in fact 2.7 million jobs
> have been lost since Bush took office.
>
> Now I won't go into the spin that Cheney put on those striking numbers -
> I'll just give you my take on the matter.
>
> The fact that the Bush tax cuts have yet to generate job growth as
> promised is proof that trickle down economics is a failed and discredited
> economic theory. It truly is "voodoo economics." What we have seen is that
> the rich and the Corporations who have benefited so heavily from the
> Republican tax cuts have not invested in job creation activities, but have
> instead participated in one of the oldest of American hobbies: profit taking!
>
> Nothing wrong with rich folks putting money away or buying luxury items,
> instead of going out and using that money as venture capital and starting
> new businesses. After all, it is their money, right? And there is nothing
> wrong with Corporations taking the tax breaks and returning it in the form
> of dividends to stockholders, instead of expanding their work force and
> starting new business development projects. After all, it is the
> stockholders money, right?
>
> What is wrong is that Bush and his administration continue to peddle the
> tax cuts as a means of creating jobs, when in fact the tax cuts are simply
> a vehicle for paying back the constituencies that elected this elitist
> administration.
>
> Anyone in business knows that companies will hire new staff only after
> they have identified an unmet market demand and have developed a marketing
> plan that has strategies for harvesting the potential new profit.
> Companies will go after markets whether or not conservatives are giving
> them tax cuts and even if liberals are making them pay their share.
>
> As a side note, Wisconsin Corporations are now paying 50% less of the
> State's tax burden than they were 30 years ago, dropping from 9.2% to 4.5%.
>
> Buhs's tax cuts for the rich come at a time when this president is
> spending more money faster than any president in modern day history. This
> president has yet to see an appropriations bill that he would not sign,
> and has yet to use the power of the veto to curtail spending.
>
> In addition, he has now declared, in his recent speech to America, that
> "...we will spend whatever is necessary to achieve this essential victory
> in the war on terror..." That is code for, "we will spend whatever we
> want, whenever we want, on the military, and if you object, we will accuse
> you of being unpatriotic."
>
> This liberal contends that the patriotic thing to do would be to go to the
> polls in 2004 and elect a candidate that is not a warmongerer, that is not
> prone to pandering to the rich and to Corporations, and who does not hold
> the American public hostage to his messianic visions which are causing the
> deaths of American lives daily in the Middle East, and deficits at home
> that will crush any economic gains they claim to promote.
>
> In 2004, it is our duty to recall this president and start anew.
>
>
>
>
>


Russart the stauch conservative????????...........having second
thoughts?...............this can only be a good sign for America and her
sheople's future.


good to see Russart thinking agian..............now for Hume.........