Lefties are salivating over the prospect of a bill with a fittingly commie-sounding name: The “Inclusive Prosperity Act.” The bill would impose a tax on the trading of stocks, bonds and derivatives and is really, incredibly, horribly stupid. Which is why people like Rep. Keith Ellison support it as a way of funneling more money to the government:
“People like, George Soros, Bill Gates, Warren Buffett, Paul Krugman, Joe Stiglitz, Jeffrey Sax, Dean Baker, Robert Poland, Larry Summers have said they all support a transaction tax,” Ellison said.
“The bottom line is we’re not broke, there’s plenty of money, it’s just the government doesn’t have it,” Ellison continued, “The government has a right, the government and the people of the United States have a right to run the programs of the United States. Health, welfare, housing – all these things.”
Well, if Krugman supports it, it’s definitely a bad idea.
Capitalist-socialist hypocrites like Soros pitch this idea like it’s a “one percent” thing, but over half of Americans have money in the stock market. Just what we need, another tax on working America just because Keith Ellison and the rest of the tax and spenders need more and more to satisfy their crack-addict style addictions.
It’s just a matter of time before people like Ellison are opening calling for the government to raid savings accounts (he’ll refer to it as “involuntary FDIC premium payments” or something like that).
We’re watching the end of right-wing conservative talk radio,” says Jerry Del Colliano, publisher of the radio-industry tip sheet Inside Music Media. “The genre is dying among ratings and dying among advertisers … Rush is at the end of his career. His constituency is all wearing Depends. And he’s getting himself into trouble he doesn’t need. So can you put Humpty Dumpty back together again? They have been able to improve their advertising picture, but they have not been able to come back.”
As you can see, Limbaugh’s really falling off the map, and just look at all these liberal talk hosts nipping at his heels:
Take publicly-funded NPR out of the mix and there’s not a lefty talker in sight.
For a study in true media demise, just read up on the history of Newsweek.
On Easter Sunday, Google is honoring the birthday of the late labor organizer Cesar Chavez by placing a Chavez portrait within the middle “o” of the Google logo that appears on the homepage of the popular search engine.
While Google frequently decorates its logo to celebrate various holidays and special events, it is unclear why the company chose specifically to honor Chavez’s birthday, instead of Easter Sunday.
According to The Blaze, Google has never recognized Easter, but it is interesting that the company headed by a big Obama supporter would honor a union leader on the day Christians celebrate the resurrection of Jesus Christ.
Two years ago, President Obama declared March 31st “Cesar Chavez Day.” I imagine that Google’s explanation would be that they want to keep things secular, but if that’s the case then they probably should have just done nothing.
Suggestions for new Google mottos are popping up on Twitter:
The surprise decision by euro zone leaders to part-fund a bailout of Cyprus by taxing bank deposits sent shockwaves through financial markets on Monday, with shares and the bonds of struggling euro zone governments tumbling.
The bloc struck a deal on Saturday to hand Cyprus rescue loans worth 10 billion euros ($13 billion), but defied warnings – including from the European Central Bank – and imposed a levy that would see those with cash in the island’s banks lose between 6.75 and 9.9 percent of their money.
Parliament in Cyprus put off a vote on the measure – which has shaken depositors’ confidence in banks across the continent – until Tuesday, however, and with public anger at the deal widespread the government said it was already looking to ease the pain for small savers.
It’s not a done deal yet, but even the idea is worthy of a third world dictator — and world governments are working hard to turn all nations into third world countries.
Tip of the day: There are three rules to keep in mind that will help increase your businesses chance of survival in these trying economic times: Location, location, and don’t let President Obama pay you a visit:
Last week, it was announced that Ray’s Hell Burger just outside Washington, D.C. would be closing its doors. A fan of the burger joint was President Obama, who had visited the location with his Russian counterpart.
Well, it’s happened again. In August, Obama visited Star Brewery in Dubuque. And now a local publication reports that the business is closing its doors.
Yoko Ono launched a menswear collection on Tuesday that she says was inspired by John Lennon’s “hot bod.” Among her designs are pants with large handprints on the crotch, tank tops with nipple cutouts, a flashing LED bra (yes, for men) and that pair of pants with a sheer backside.
The collection of menswear for Opening Ceremony is available the company’s U.S. stores in New York and Los Angeles now, its London store on Nov. 30 and its Tokyo flagship on Dec. 9.
Ono’s clothing line is based on a series of drawings she sketched as a gift for Lennon for their wedding day in 1969. The sketches were put into a book, Fashions for Men, and brought to life as a collection.
Imagine there’s no fashion sense; It’s easy if you try:
The three at the top and the bottom left designs are from Yoko’s “Turn Your Head and Cough” collection.
On the bright side, at least designing hideous clothes has distracted her from trying to sing… or, whatever this is:
The unions tried to disrupt things, but it looks like that effort will fail big time:
After opening earlier than in previous Thanksgiving weekends, Wal-Mart reported its “best ever Black Friday” sales, including bigger crowds than last year, the company said Friday.
The retailer rolled out deals starting at 8 p.m. on Thanksgiving Day. From 8 p.m. to midnight, Wal-Mart processed nearly 10 million register transactions, handling 5,000 items a second, the company said. Mmore than 22 million shopped in Wal-Mart’s stores during the four-hour period.
Last year, the chain opened at 10 p.m.
More than 1.3 million employees are staffing the holiday weekend, Wal-Mart U.S. chief executive Bill Simon said in a statement.
Protesters made an effort though. I can’t help but wonder if the union sent those protesters out to picket in favor of a “living wage” while paying them minimum wage and offering zero benefits. They’ve been known to do that. Look for the union irony label.
I guess one thing Big Labor can consider a resounding success is this: Nobody was able to buy Twinkies at Wal-Mart today. That’ll teach ’em!
More than 18,000 workers are set to lose their jobs because of Hostess halting operations due to a union strike, but a bankruptcy judge/possible huge Twinkie lover wants the two sides to mediate before shutting down for good:
Hostess had requested Judge Robert Drain of the U.S. Bankruptcy Court in White Plains, N.Y., who is overseeing the company’s bankruptcy, to be able to liquidate its assets after a dispute with the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM).
But the judge was not ready to move forward with the liquidation yet.
“Many people, myself included, have serious questions as to the logic behind this strike,” said Drain. “Not to have gone through that step leaves a huge question mark in this case.”
If mediation on Tuesday afternoon is not successful, Hostess will likely request to move forward with the liquidation on Wednesday.
If the mediation doesn’t go anywhere, union workers are hoping that a new buyer comes along and re-hires them. Because nothing’s more attractive to a potential owner than knowing they’ll have a shot at employing the same people who helped put the previous owner out of business.
They waited until the day after the election to make the announcement — what a happy coincidence for Obama:
Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs.
Boeing, the Pentagon’s second-largest supplier, said the changes were the latest step in an affordability drive that has already reduced the company’s costs by $2.2 billion since 2010, according to the memo.
The measures come as U.S. weapons makers are under pressure to cut costs and preserve profit margins amid dwindling defense spending in the U.S.
And if they’re cited for violating the WARN Act, who cares? You and I will pay the fine.
In the previous post I mentioned how Obama had created a “win-win” for rich people who pledged their support, and here’s People’s Exhibit A of what will be thousands of examples in the coming months and years.
The market plunged fast at the opening bell and hasn’t gotten up. Word is it’s been asked to star in the next LifeCall commercial after doing this impression of what falling off the fiscal cliff will look like:
Just wait until all the “evil rich” people who were waiting to see what happened in the election before deciding what to do start moving their money elsewhere to avoid the coming onslaught of even more rules, regs and taxes.
Update: The market closed down over 312 points, under 13,000 for the first time since early August. It was the biggest one day sell-off in over a year.