Posted on January 2, 2013 by WashingtonsBlog
http://www.washingtonsblog.com/2013/01/the-american-people-are-the-big-losers-in-the-cliff-deal.html
The Big Winners: Big Banks and Big Companies
The “fiscal cliff” deal will raise
taxes for 77%
of the American public.
It will create a drag on the economy
equal to 1% of the gross domestic product.
It creates uncertainty in the following areas:
A)
the debt limit, B) the sequestered amounts, C) cuts in entitlement
spending, D) additional taxes and don’t forget E) the President
needs another Continuing Resolution (CR) to keep the lights on.
Blackrock’s Larry Fink is correct
when he says: The
American People are the Big Losers In The Cliff Deal.
Who benefits? The deal gives Puerto
Rican rum makers, Nascar, banks like Goldman Sachs, and General Electric and other big
companies tax subsidies. History repeats again and again.
The entire “fiscal cliff” is a ruse to fleece the
people. Once again, the
government has pimped us out.
[[Posted
in Business
/ Economics, Politics
/ World News | 2 Comments ]]
REED
ALSO:
Bank of
England’s Chief of Financial Stability: INTERNET TECHNOLOGY WILL BREAK UP BIG
BANK MONOPOLY
Posted on
January 2, 2013 by WashingtonsBlog
MOTHER,
SHOULD I TRUST THE GOVERNMENT?
Posted on January 2, 2013 by JimQ
POLL: Who Do You Trust More – Prostitutes or Elected Officials?. Choices: a. Prostitutes?; b. elected oficials; c. neither one; d.
both of them equal. Results US: d, so far
In China: a.
prostitutes. In the US: d. is the most likely answer (we are expecting your
vote). SOURCE: for China: http://news.bbc.co.uk/2/hi/asia-pacific/8183502.stm
. For US: you!
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