This is unreal, “Officials estimated it would mean about $13 a week more in people’s paychecks this year when withholding tables are adjusted in late spring. Next year, the measure could yield workers about $8 a week.“
As usual congress would be better off not doing anything at all then bestowing this grand and luminous generosity upon us workers. The bankers seemed to get their Billions in bailouts forthwith. The bill that is supposed to be a bailout for, as they say, The Real Economy, on the other hand languishes, get cut back and when they finally come up with something it’s a (pardon the profanity) freaking poke in the eye.
The bankers and money changers get Billions from The People and AIG spends the money on some fancy junket and the bankers give out Billions of The People’s money in bonuses to the very same ones that got us in this mess and CitiBank spends $50 Million of The People’s money on a fancy jet plane.
Talk about a poke in the eye.
As is ALWAYS the case, the top of the pyramid gets steak and We The People get tubesteak. You know what, the government can keep my $8 or $13. They can keep it in rolls of pennies so that they can shove it up their ass. I hope the rolls of pennies get shoved so far up their asses that it chokes them.
And why is that scumbag Bernie Madoff able to sit home comfortable in his penthouse and have his wife withdraw millions in stolen funds instead of being in jail?
And poor people or people of color hit up against the Three Strikes and you’re out law and:
As a result, some defendants have been given sentences of 25 years to life in prison for such crimes as shoplifting golf clubs (Gary Ewing, previous strikes for burglary and robbery with a knife), nine videotapes (Leandro Andrade, received double sentence of 25 year-to-life for 2 counts of shoplifting), or, along with a violent assault, a slice of pepperoni pizza from a group of children (Jerry Dewayne Williams, four previous non-violent felonies, sentence later reduced to six years). In one particularly notorious case, Kevin Weber was sentenced to 26 years to life for the crime of stealing four chocolate chip cookies (previous strikes of burglary and assault with a deadly weapon). However, prosecutors said the six-time parole violator broke into the restaurant to rob the safe after a busy Mother’s Day holiday, but he triggered the alarm system before he could do it. When arrested, his pockets were full of cookies he had taken from the restaurant.
I’ll tell you why, and it may sound communosocialist, because as long as there have been haves and havenots the former have always waged war against the latter. There are two systems in America and depending upon your tax bracket it places you in one system or the other. They talk about a cast system in India or a lack of upward economic mobility in Great Britain, well in the US don’t let the occasional Horatio Alger story fool you. It is damn near impossible to move ahead.
By international standards, the United States has an unusually low level of intergenerational mobility: our parents’ income is highly predictive of our incomes as adults. Intergenerational mobility in the United States is lower than in France, Germany, Sweden, Canada, Finland, Norway and Denmark. Among high-income countries for which comparable estimates are available, only the United Kingdom had a lower rate of mobility than the United States.
Did you see the market close today? Did you see the last 1/2 hour of trading? The market opens down 100 points then falls another 100 points over the course of the day. Than magically somehow 1/2 hour before close we get a 200+ point spike.
Really an unbelievable spike seeing how no special big earnings news was released. What caused the market to fly up like that. I’d guess that the President’s Working Group (“The Plunge Protection Team”) was at it again trading in the markets to prop up the corpse that is the US economy. Lord knows that there needs to be support at the 7800-7850 range. Or else….
I don’t buy it. Trade at your own risk
Now in terms of survival, we all know that the collapse is accelerating. There was a good post on Bison’s blog the other day about shopping on as if there may not be a tomorrow to shop. This makes sense to me. I expect scarcity of goods and scarcity of value in the American $ to both increase. Buy now while US$’s are still accepted and the shelves are stocked.