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Attack of the Heebie Jeebies

by Hazel Burke

The final days of the McCain campaign are giving us a mighty spew of Fearonomics. Over on CNBC there have been numerous attempts to link the stock market decline to Obama's rise in
the polls, and the main assertion is that higher taxes on corporations and rich people is forcing those potential victims of Obamanomics to sell what they have now and to avoid new capitalist ventures (which could not possibly succeed in the Marxist paradise which will be the USA under Comrade Obama...)

These attacks on our sanity make about as much sense as the reports of massive gun buying in Texas because of the potential win by Obama. Sure, some people feel the need for more guns, and what is wrong with that -- it doesn't mean that after the election there will be riots in the streets one way or another. It's all too simplistic, and hence we know it is just more propaganda. Look at the source of the rumors and assertions.

In reality, a) most corporations and rich people do not pay 35% in taxes, and half of corporations pay no taxes whatsoever; and b) can anyone claim that business profits are so great now under the Bush Regime and still claim that the main reason for stock market sell-offs isn't about f*ck up but is because Barack Obama *might* raise taxes someday? Gimme a break.

Furthermore, rich people actually have the luxury of deciding how much they want to pay in taxes each year. Maybe they sell some investments and realize their gains, or maybe not -- mostly they're sitting back on piles of investments and assets that generate enough dividends and interest payments so that they don't need to sell anything unless they feel like paying Uncle Sam some income tax. These people who are supposedly driving the markets down by selling out of fear of Obama are basically Invincible and Invulnerable to anything -- they make money when markets crash and they make money when markets rise, because that is the way the Game is set up.

Finis.

Hazel Burke         PERMANENT LINK  
I especially like "attacks on our sanity", cuz that's really what it's all been ... and give my regards to Wall Street but out here in the real world we've been in recession since the late 1990s at least, and I'm awfully weary of all the worry about the rich f*ckers while nobody gives a fat flying f*ck in hell about ordinary people.

Maybe Obama gives a damn. Sure hope so, but I'm voting with my fingers crossed and low expectations. He talks a good line and I think his heart is in the right place, but even assuming he's allowed to win fair and square there are going to be very powerful forces aligned to make sure most of the attention is always averted to the upper classes.


Helen & Harry Highwater (unknownnews at inbox.com)


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Commentary from Unknown News
Sat-Sunday, Nov. 1-2, 2008

Capitalism depends on
cycles of destruction

by Herb Ruhs, MD

Attack of the Heebie Jeebies
by Hazel Burke

McCain, Palin, and
other sideshow freaks

by Chris D.

Tremendous if...
by Mr Chuckles

Good luck, America
by The Canadian

America's IQ test
by Auggie Ben Doggie

Can ACORN sue?
by Angry Annie


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