Of Reid, Jobs & Unicorns

Posted in Politics on December 29th, 2011

Sen. Harry Reid (D-NV) - Socialist, Racist, TraitorI’m well aware that the head of America’s domestic enemies in the Senate, Harry Reid is not fond of the truth. I’m equally well aware of the more pleasant fact that he has little more skill in lying than he does in most other things.

Still, upon occasion, his stupidity – though not his mendacity – is shocking. Such is the case in his recent comparison of job creators with unicorns.

It beggars the mind to expect Americans to take Reid seriously – except as a clear and present danger to America – when he jabbers such inanities that are so easy to refute and debunk.

Millionaire job creators are like unicorns. They’re impossible to find, and they don’t exist.

Only a tiny fraction of people making more than a million dollars, probably less than 1%, are small business owners. And only a tiny fraction of that tiny fraction are traditional job creators.

Most of these businesses are hedge fund managers or wealthy lawyers. They don’t do much hiring and they don’t need tax breaks.

The pathetic Leftists of NPR, ever eager collaborators with any and all of America’s enemies, was quick to attempt to support Reid’s stupidity.

We wanted to talk to business owners who would be affected. So, NPR requested help from numerous Republican congressional offices, including House and Senate leadership. They were unable to produce a single millionaire job creator for us to interview.

So we went to the business groups that have been lobbying against the surtax. Again, three days after putting in a request, none of them was able to find someone for us to talk to.

Of course Americans can expect nothing else from NPR; they’re devoted to being a 5th Column and to the destruction of America.

Really! Creatures like those controlling NPR were some of the few valid reasons for the original provisions in Section 1021 & 1022 of NDAA 2012.

It’s not surprising at all that NPR couldn’t find an American who talk to them, especially an American who is part of the demographic currently targeted for harm by the Liberals. Americans, after all, do not make a habit of speaking with the enemy. And it’s equally unsurprising that NPR would spin such a refusal to speak to them into “supporting evidence” for Reid’s spurious an specious attack.

Golden UnicornIt did not, however, take long for Americans to refute and debunk Reid and NPR. All it took was for a contributor to Forbes, Paul Roderick Gregory, to make a few simple inquiries with the IRS and then to put thing together.

What Professor Gregory discovered is that are, in fact, unicorns prancing around – or, at least, millionaire job creators. ;-)

This is simply because it’s delusional to believe that the 236,765 millionaire or above taxpayers, who earn an aggregate taxable income of $623 billion per annum are overwhelmingly hedge fund managers or wealthy lawyers and that they provide few, if any, jobs for their fellow Americans.

 I do not know what Harry means when he says “a tiny fraction of a tiny fraction.” If we let 5 percent represent Harry’s “tiny fraction,” we are left with 118 businesses owners who earn a million or more and create jobs. Yes, they are only slightly less rare than unicorns, if Harry is to be believed.

Is it even in the same timezone as logical to believe that only 118 out 236,765 millionaires create jobs? Even doubling it to 10% – tiny is, after all, relative – would only give us 236.

You’d really think that the Senator from Nevada would know not to draw to an inside straight or, at least, how to bluff. Then again, he probably trusts the lamestream media, like NPR, to either actively support his lies or stay quiet about them.

Related Reading:

The Hamptons Dictionary: The Essential Guide to Class Warfare
The Healing of America: A Global Quest for Better, Cheaper, and Fairer Health Care
How an Economy Grows and Why It Crashes
As I See It: Class Warfare: The Only Resort To Right Wing Doom
Stories of Unicorns (Young Reading Gift Books)
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Is The Economy Broken?

Posted in Musings, Politics, Society on December 21st, 2011

Dollar Down - Credit Wrecked - Obama's LegacyIs the economy broken? I keep hearing – and hearing, and hearing, and hearing – how the US economy is broken, but is this really true or is the truth that the US economy has been broken for decades and what we’re painfully experiencing is it fixing itself?

It seems to me that latter possibility is far more likely true than the former.

Read the rest of this entry »

Related Reading:

The General Theory Of Employment Interest And Money (1936)
The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
Politics, Culture, and Class in the French Revolution: With a New Preface, 20th Anniversary Edition (Studies on the History of Society and Culture, No. 1)
A Beginner's Guide to the World Economy
Naked Economics: Undressing the Dismal Science (Fully Revised and Updated)

Break Or Raise?

Posted in Politics on December 14th, 2011

Obama - StalinObama had claimed that America was at a “make or break” moment for the middle class when it came to his plan to extend and increase the payroll tax breaks of last year. This is all well and good in the short-term, though it further beggars Social Security in the long run if the resultant revenue shortfall isn’t made up for.

Extending and deepening these “middle class tax cuts” wasn’t even a particularly contentious issue. The congressional Republicans quickly agreed that not extending these cuts was economically contraindicated at this exact time.

So the GOP-led House drafted a bill to extend the payroll tax breaks, additional limited unemployment benefits, and a continuation of full payments to doctors who treat Medicare patients – essentially everything that Obama had claimed he wanted and that the middle class needed.

Obama’s , his handlers’, and his sycophants’ response was to have a tantrum because funding for the measure did not come from taking further wealth away from higher income Americans. It was solely funded through a freeze on spending for federal salaries.

This debate should not be about scoring political points. This debate should be about cutting taxes for the middle class.

If the President were presented with H.R. 3630, he would veto the bill.

– Executive Office Of The President
Office Of Management And Budget
Statement Of Administration Policy

It seems that the extension of the payroll tax cuts for the middle class are only vital and necessary if they’re paid for by increasing the amount of money taken from wealthier Americans and that wealth redistribution is the avowed administrative policy of the Obama Regime.

Related Reading:

Beyond Wealth: The Road Map to a Rich Life
The Case for Socialism (Updated Edition)
A Social Engineering Primer - Hacking Without Hacking
Class Warfare: Inside the Fight to Fix America's Schools
Challenges of Globalization: New Trends in International Politcs and Society
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