In another crisis, GOP would let economy collapse
” … under questioning from skeptical Republicans, the director of the nonpartisan (and widely respected) Congressional Budget Office was emphatic about the value of the 2009 stimulus. And, he said, the vast majority of economists agree.
In a survey conducted by the University of Chicago Booth School of Business, 80 percent of economic experts agreed that, because of the stimulus, the U.S. unemployment rate was lower at the end of 2010 than it would have been otherwise.
“Only 4 percent disagreed or strongly disagreed,” CBO Director Douglas Elmendorf told the House Budget Committee. “That,” he added, “is a distinct minority.”
Elmendorf’s testimony came in response to questions from Rep. Tim Huelskamp (R-Kan.), a member of the tea party caucus. Huelskamp asserted that the stimulus was a failure because it did not keep the jobless rate below 8 percent, as the Obama administration predicted.
“Where did Washington mess up?” Huelskamp demanded. “Because you’re saying most economists think it should’ve worked. It didn’t.”
Most economists not only think it should have worked; they think it did work, Elmendorf replied. CBO’s own analysis found that the package added as many as 3.3 million jobs to the economy during the second quarter of 2010, and may have prevented the nation from lapsing back into recession.”
Most Republicans cannot bring themselves to admit it, but by any definition the Obama stimulus worked, pulling the economy out of a death spiral that probably would have resulted in a far-worse economic crisis. It’s also pretty damn clear that if similar circumstances should arise again, this Congress would refuse to act as it did three years ago. To the contrary, they would sit back and applaud as it all comes tumbling down around our ears.
Today’s conservative congressional majority also bitterly opposes TARP, which to his credit was pushed by President Bush out of fear that “this sucker could go down.” Despite Bush’s strong support and the insistence of economists across the ideological spectrum, a majority of House Republicans voted against its passage in the crisis of 2008. And of course, today’s GOP caucus is far more conservative than it was four years ago.
In the Senate, 16 of the 30 Republicans who voted in favor of TARP in 2008 will have left either the Senate or the party by the end of this year, many because they no longer are acceptable to the GOP base. That’s a remarkable amount of turnover in a short period of time. Again, most of those 16 have been replaced by far more conservative candidates who would not dare to support passage of TARP-like legislation should the need arise again.
And again, without TARP the entire global financial sector would have imploded upon itself, creating an economic calamity that would make our current problems seem mild.
The same is true of the auto-industry rescue. The current Congress would never have supported its passage. And while Mitt Romney implausibly seeks to take credit for the rebound of the auto industry, it is absolutely clear that under the terms that he insisted upon, the rescue plan could not have happened.
In other words, every major governmental intervention that succeeded in pulling the economy back from the brink in the crisis of 2008-09 would be rejected by those now in control of the U.S. House; passage in the Senate would be much more difficult as well. If we were to face another such challenge — touched off by a crisis in Europe, perhaps, or a major blow-up in the oil-rich Middle East — they would be quite content to stand by and “let this sucker go down.”
Some, I fear, might even take a perverse Puritan-like pleasure in seeing it happen.
– Jay Bookman
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963 comments Add your comment
Moon Mullins
June 7th, 2012
2:05 pm
Romney and his surrogate, Donald Trump, have a strategy that made them gazillionaires and should address the debt and deficit issues of government: sell the profitable parts and bankrupt the rest.
Voila!! Those ol’ boys are real Einsteins.
Oblama
June 7th, 2012
2:05 pm
Your right – I didn’t vote for Obama because he doesn’t have a (expletive deleted) plan to save America. And I am telling the truth. By the way I didn’t vote for “W” either. Do you agree with Samuel L. Jackson?
getalife
June 7th, 2012
2:05 pm
“Why do all the stock market crashes start, when a republican is in the White House?”
willard will crash it again.
It is the only way they make history.
They BOTH suck
June 7th, 2012
2:05 pm
“I think it all boils down to, you hold a President you despise to one standard that you won’t hold others to.”
Scout isn’t the only one, but that is oh so true.
His defense and condemnation of who wasn’t in the service and who was during Vietnam is when he is at his best. He has earned the SEMANTICS LIFETIME ACHIEVEMENT AWARD for that issue.
I’m sure the issue will arise again. It is great to watch him twist, turn and make Fred Astaire look like he had two left feet when he starts the Scout Tap dancing extravaganza.
getalife
June 7th, 2012
2:06 pm
cons vote for willard because he is white.
Talking Head
June 7th, 2012
2:06 pm
“Why do all the stock market crashes start, when a republican is in the White House?”
“If Romney gets elected there will be another one withing four years. It’s the way the GOP handles the economy and govt. finances. Leads to nothing but disaster.”
I think the answer you’re looking for is the FED.
getalife
June 7th, 2012
2:06 pm
trump is willard’s vp.
getalife
June 7th, 2012
2:07 pm
I think the answer is nowillard.
Talking Head
June 7th, 2012
2:07 pm
Obama ate lead based dog meat as child, which explains sooooo much.
getalife
June 7th, 2012
2:09 pm
willard tortures dogs.
josef
June 7th, 2012
2:09 pm
OBLAMA
Do I agree with Sam that that’s what he did? Yeah. Do I agree with me that that’s what you did? Yeah. Do I think y’all represent all the voters of your particular demographic. No.
Matti
June 7th, 2012
2:10 pm
getalife,
Lord, I hope so! Trump on Willard’s ticket would make this election entertaining again! Not Herman-Cain entertaining, but good for a few belly laughs at least.
Ol' Timer
June 7th, 2012
2:11 pm
If they gain control, these ol’ boys will slam on the brakes so fast they’ll send the economy into a Second Great Depression.
Of course, if the bottom falls out of the economy the plutocrats will be able to buy it for pennies on the dollar.
A sensible program of massive cuts and tax increases — cut the spending and increase the income –will allow us to get out of this mess, but the radical approach will be a disaster!
0311/8541/5811/1811/1801
June 7th, 2012
2:11 pm
Paul:
1) Your opinion of course and in this free country you have the right to it whether or not you ever actually fought for it or someone’s else’s. Maybe for those of us who did (and left others behind) we take it more seriously. I don’t apologize for that. As you have seen before:
“War is sweet for the inexperienced.”
2) This one is easy: “If they hated Me, the will hate you.”
3) The chain of command goes until “it” stops. The President of the United States is part of the executive branch. That makes him the Chief Law Enforcement Officer of the land.
4) “Then not fired, but reassigned to some forsaken, dead-end basement position counting file folders.” Ah, moving the goal posts ?
That’s not for YOU or ME to determine. Again, it’s called “judicial process” after ALL of the facts are in. Hopefully, you are not, never were or never will be in a position of management authority. If so, I pity those under your authority.
5) You didn’t answer my question about Clinton …………………..
) Shame, shame on you for one who wants all questions answered.
Talking Head
June 7th, 2012
2:11 pm
“willard tortures dogs.”
I wonder if he’s related to the Vicks?
Oscar
June 7th, 2012
2:11 pm
think the answer you’re looking for is the FED.
______
I think part of the answer is lack of regulation of the financial industry.
Paul
June 7th, 2012
2:12 pm
Kamchak
Thanks, I’ve been trying to avoid the branches and stay near the surface.
Just trying to understand the consistency of philosophy when applied to different people or institutions. As I said in my last post, the only conclusion I can make is that contempt for a president overrides all professions of how one should live one’s life and view situations.
getalife
June 7th, 2012
2:12 pm
Matti,
The cain is replacing boortz next year so that will be funny.
Oscar
June 7th, 2012
2:12 pm
willard tortures dogs.
______
Evidence that Romney does not have the empathy gene.
0311/8541/5811/1811/1801
June 7th, 2012
2:12 pm
They BOTH suck:
“Some talk the talk, some walk the walk.”
You know where you fit.
getalife
June 7th, 2012
2:13 pm
th,
Yeah, they are brothers from another mother.
0311/8541/5811/1811/1801
June 7th, 2012
2:13 pm
Pauly:
I do have to run for awhile. I’ll be back in a few hours so take your time. We can continue this all day. Be happy to.
Get Real
June 7th, 2012
2:13 pm
More liberal hate spew…way to go Jay, most impressive
They BOTH suck
June 7th, 2012
2:14 pm
Matti
Unfortunately, “Rock you like a Herman Cain” is back to talk radio. He will do fund raisers and speeches, but I doubt he will be running for office again………
Too bad, he was a laugh a minute.
Successful and smart guy, but political office is not his thing despite what his followers and he might think
They BOTH suck
June 7th, 2012
2:15 pm
Scout
WAAAAAAAAAAA
Quit crying because you were called out
Mr Christian………….
What a joke
Kamchak ~ Thug from the Steppes
June 7th, 2012
2:15 pm
Paul
As I said in my last post, the only conclusion I can make is that contempt for a president overrides all professions of how one should live one’s life and view situations.
The ends justifies the means.
I picked up on that my first week here.
JOE COOL~DoWnToWn THUG
June 7th, 2012
2:15 pm
“Today is lets act like the con’s day.”
Mitt wants to vulture capital America so Bain can sell us off.
getalife
June 7th, 2012
2:15 pm
scout,
The secret service were in a bar with a hooker when Lincoln was shot.
Oblama
June 7th, 2012
2:15 pm
Mikey – The stock market was in shambles because Jammy Coddur created the environment for a disaster with his 20 + % mortgage rates and his recession. That’s why he got kicked out of office in one of the biggest landslides in history. Don’t blame Reagan for what Coddur and the Dems in Congress created. Quit trying to recreate history.
Talking Head
June 7th, 2012
2:16 pm
“think the answer you’re looking for is the FED.
______
I think part of the answer is lack of regulation of the financial industry.”
Perhaps a contributing percentage, however I think an organization that controls the money supply and sets interest rates for the world’s largest economy has a much larger significant impact on market volatility
Peadawg
June 7th, 2012
2:16 pm
“cons vote for willard because he is white.”
troll
You must have forgotten about Herman Cane.
getalife
June 7th, 2012
2:16 pm
“Mitt wants to vulture capital America so Bain can sell us off.”
Agreed.
They BOTH suck
June 7th, 2012
2:16 pm
Scout
Why is it when you call out people for serving or not serving, it always comes down to political ideology as to where you defend or condemn?
getalife
June 7th, 2012
2:17 pm
“You must have forgotten about Herman Cane”
Who?
Oblama
June 7th, 2012
2:17 pm
Getalife – from your description of “Willard” – he and Obama have a lot in common.
Carole
June 7th, 2012
2:17 pm
Mighty Righty
know a “few” jobs were created at the time the stimulous was spent. My question is how many “today” are still working. The claim that more than three million jobs were created is wishful thinking.
++++++
You cannot be that anal. The state gives movie makers a 30% tax break. That gives what maybe 200 Georgians a job for a few months. But you don’t hear them downplaying it.
Mick
June 7th, 2012
2:18 pm
1811
Clinton got a free pass? Really? Impeachment anyone?
USMC
June 7th, 2012
2:18 pm
SHOCK POLL: ROMNEY EDGES OBAMA IN MICHIGAN
http://www.freep.com/article/20120607/NEWS06/120607030/Poll-Barack-Obama-dead-heat-Mitt-Romney-Michigan-popularity-slips
getalife
June 7th, 2012
2:19 pm
President Obama did nothing wrong and the best ever.
Ol' Timer
June 7th, 2012
2:19 pm
Trump would never serve as second banana. Besides, he’s too lazy to campaign and would make as big a fool of himself as Sarah Palin did.
Besides bankrupting the Federal government is not a viable strategy.
Oblama
June 7th, 2012
2:19 pm
Getalife – If your Prozac Rx ran out again and can call it in for you. You don’t have to thank me.
Normal Free...Pro Human Rights Thug...And liking it!
June 7th, 2012
2:19 pm
Josef,
just caught the gay cat vid…ha, ha! same reaction you get here when you say “socialism’…
But tell me, is Zionist cat porr any different than American cat porn?
…and another thing…Fluffy is Gay, well, he’s named fluffy for Gawd’s sake. All my male cats are named Bubba, Tiger, and Stewart (I do worry about him some), but like me, even if we were, we are too old and neutered to care now.!
getalife
June 7th, 2012
2:20 pm
willard is w.
Get Real
June 7th, 2012
2:20 pm
getalife…I have to assume you are just having fun as you cannot be as big an idiot as your posts would have one believe…if you are serious in your posts..holy crap
Paul
June 7th, 2012
2:20 pm
Scout
From your answers today, my opinion is, no, it isn’t special at all. In fact, what I’ve pointed out is, I daresay it’s more an embarrassment to those who’ve served than anything else.
2) I write “As I said to josef, the ‘nerve’ is amazement that someone who lets us all know about his life of selfless service, sacrificing for the good of the nation, who proclaims his Christian faith and tosses out Bible verses to correct the wayward ones”
and you quote a verse comparing yourself to Jesus.
Wow. Just wow.
I’m beginning to understand now.
3) You described the chain of command; however, that’s another question (what should happen to those in the chain of command) you strenuously avoided answering.
4) Not moving the goalposts. You pointed out ‘firing’ in Secret Service requires judicial proceedings, which sounds suspect to me, but I stipulated to it, as you say you’re the expert in Secret Service personnel matters So to keep the concept, I asked ‘if not fired, then reassigned to a menial position?” And you won’t answer that, either.
I didn’t answer your question about Clinton, as I’ve pointed out that’s another of your tactics to divert from the topic and, as Kamchak put it, open another rabbit hole.
Kamchak ~ Thug from the Steppes
June 7th, 2012
2:20 pm
Besides bankrupting the Federal government is not a viable strategy.
It is if your primary goal is to drown in in the bathtub.
JOE COOL~DoWnToWn THUG
June 7th, 2012
2:20 pm
“Today is lets act like the con’s day.”
Mitt wants to indoctrinate your kids in Mormonism.
getalife
June 7th, 2012
2:22 pm
odrama,
Today is act like you and the cons day.
We lie without shame and nothing is our President’s fault.
We ignore the collapse and blame others.
Thulsa Doom
June 7th, 2012
2:22 pm
Carole,
Its not just the jobs for a few hundred Georgians. Its also the money spent on hotels, meals, and various other amenities that a large film production crew spends. Would you rather give them a 30% tax break and still have them paying taxes not including the various sales taxes and money brought into the local economy plus the state taxes paid by native Georgians? Or would you rather have nothing at all and no new money being circulated into the local economy?
USMC
June 7th, 2012
2:22 pm
“cons vote for willard because he is white.”–getalife
Funny, the only people bringing RACE/SKIN COLOR up these days are the Liberal Wingnuts…
Oblama
June 7th, 2012
2:22 pm
her tomorrow – gone today.
Cynthia Tucker needs an assistant
June 7th, 2012
2:23 pm
It’s fundamental really, Obama tried a plan where the Government policy would attempt to fixe our problems. Others would’ve preferred the private sector to work things out. In the end, Obama’s reelection (except for those who have no understanding of econ. or vote based on skin color) hinges on weather his ‘government will save you from yourselves’ policy is more effective than a market guided policy.
Thulsa Doom
June 7th, 2012
2:23 pm
USMC,
Yeah I notice that too. Its usually the libs who start off with the racial crap.
getalife
June 7th, 2012
2:24 pm
willard is an alien from planet kolob..
josef
June 7th, 2012
2:24 pm
SCOUT
I realize you’re being ganged up on and I always feel obliged to defend the underdog, so read this as a defense. I try to respect your beliefs, even though they’re different from mine. I won’t call you a bigot. You’re not. You do put thought into it. However, you treat the Bible like a Chinese menu. So do we all. But if you would just go ahead and acknowledge that, and then tell how you came to pick the particular one and ignore the others, you’d have more credibility, imauo.
JOE COOL~DoWnToWn THUG
June 7th, 2012
2:24 pm
“Funny, the only people bringing RACE/SKIN COLOR up these days are the Liberal Wingnuts”
REALLY??? Since Prez O has been in office, the RIGHT has been screaming “black people only voted for him because he is black”
Fast FW to Hreman Cain……… Black people werent voting for that dude.
Talking Head
June 7th, 2012
2:24 pm
Obama eats dogs.
Willard tortures dogs.
Christie protects dogs.
getalife
June 7th, 2012
2:25 pm
willard is a racist.
Peadawg
June 7th, 2012
2:26 pm
“getalife…I have to assume you are just having fun as you cannot be as big an idiot as your posts would have one believe…if you are serious in your posts..holy crap”
Amen to that. But he does this everyday so i’m starting to think he’s serious…sadly.
They BOTH suck
June 7th, 2012
2:28 pm
josef
Scout does his share of dishing it out. I along with others on here have thanked him numerous times for his service.
He seems to want to be exalted in some kind of way. I can thank him for his service, but his politics and whatever else is open game…………. He surely thinks everyone else is open game when he wants to make his comments
josef
June 7th, 2012
2:28 pm
NORMAL
I thought you’d appreciate that one!
JOE COOL~DoWnToWn THUG
June 7th, 2012
2:29 pm
“Today is lets act like the con’s day.”
Mitt wants your parents to go in front of death panels.
Paul
June 7th, 2012
2:30 pm
Scout
“Pauly:”
Rule of Thumb: go for the personal namecalling, you’ve ceded the argument.
I’ve already gleaned you apply one set of standards in one situation and other standards to the same situation when it’s occupied by a person like Obama you don’t like. That you will avoid a direct answer to a question if you sense it’ll cause a conflict with something you hold dear. That, and you see yourself right up there with Jesus tells me all I need to know.
Last time we had a lengthy exchange when I questioned you about your abortion statements it took a very long time, just like this, as you answered questions with questions and ran endless diversions. You finally said if a medical situation put both the mother’s and baby’s lives at risk that you had the moral authority to decide who should live and who should die and you would kill the baby and justify it in the name of self defense for the mother.
That alone should’ve told me all I needed to know. This exchange just confirms it. We really don’t need to continue the discussion.
straitroad
June 7th, 2012
2:30 pm
I don’t recall the Wisconsin economy collapsing despite Governor Walker doing the opposite of what you propose. I don’t get how intellient people such as yourself can support Obama’s policies when it’s crystal clear that they have failed. Even President Clinton understands this.
josef
June 7th, 2012
2:31 pm
BOTH
As I always say, there’s more to Scout than meets the eye. At heart, he’s not a bad fellow. In mind and spirit, though, he’s a preacher and he’s got a martyr complex a mile wide. Since I pretty much fall into the same category, I try not to judge. But I do wish he would admit it.
USMC
June 7th, 2012
2:32 pm
“willard is a racist.”–Getalife
I am wondering if getalife is echoing Jay’s sentiments???
Or is this just the usual trash to be expected from an Extremist Leftwing blog…
They BOTH suck
June 7th, 2012
2:32 pm
Getalife @ 2:25
You have nothing to back up that BS. There is plenty to go after Romney on, but the racist bit his BS……… and you know it
Circus has left town. You can put away the clown costume.
Get Real
June 7th, 2012
2:32 pm
Peadawg…perhaps he is in a retirement home holding his drool cup with his one free hand as he hunts and pecks on a PC
Oblama
June 7th, 2012
2:32 pm
Getalife – But according to you “Willard and Obama” are one and the same. Socialist -check.
JOE COOL~DoWnToWn THUG
June 7th, 2012
2:33 pm
They BOTH suck
June 7th, 2012
2:32 pm
“Today is lets act like the con’s day.”…fyi
josef
June 7th, 2012
2:34 pm
PAUL
It’s too bad Scout’s paradigm is the Christian. He would’ve made a good Rabbi of the cabala school…
Normal Free...Pro Human Rights Thug...And liking it!
June 7th, 2012
2:34 pm
Willard is a draft evader. Five deferrals over seven years… He should have gone to Canada…just think of all the “good” he could have done there…
They BOTH suck
June 7th, 2012
2:35 pm
josef @ 2:31
To a great extent, I believe exactly what you posted. Blogs can only show and tell so much, however I have discerned that Scout is a disciplined and consistent man. Those are admirable traits to have in my book, however rigidity is not always the truthful or correct hand.
Peadawg
June 7th, 2012
2:35 pm
“perhaps he is in a retirement home holding his drool cup with his one free hand as he hunts and pecks on a PC”
Or some 16 yr old punk holding his you-know-what with one hand and hunting/pecking with the other.
Either one fits.
Normal Free...Pro Human Rights Thug...And liking it!
June 7th, 2012
2:36 pm
OMG! Not the ELB card?!
They BOTH suck
June 7th, 2012
2:38 pm
Joe @ 2:33
Thanks. I’m not big on calling an individual a racist, especially when facts do not show that to be true. Bigot is another thing if you have facts to back it up, but to go with the “racist” card, joke or no joke, that is HUGE
Oblama
June 7th, 2012
2:39 pm
Neither party has a clue and that is the truth. This debt is a black hole.
TaxPayer
June 7th, 2012
2:39 pm
Jesus was the founder of the OWS movement. He was such a radical. Long hair. Defier of the establishment. If scout had been alive back then, he would have been blogging on parchment about how he went off and fought for Jesus’s right to behave so disgracefully and in public even and he would have told everyone about how those people that followed in Jesus’s footsteps were nothing more than, what’s that word I’m looking for, the word that scout used to describe the OWS crowd… it escapes me… perhaps scout can remind me later what that word was.
Tom Middleton
June 7th, 2012
2:41 pm
We say it over and over, Jay, that in order for the economy to start roaring again, somebody has to start spending money. And if the poor and middle class don’t have it, and the rich, the so-called “job creators,” won’t create any until somebody has started spending money, then who’s left, the government?
Shazam, Sergeant Carter, even Gomer Pyle and Goober could figure this one out, unless, of course, they’re Republicans and been told they’d better not!
JOE COOL~DoWnToWn THUG
June 7th, 2012
2:42 pm
They BOTH suck
June 7th, 2012
2:38 pm
Again, all it is doing is highlighting what the RIGHT says regarding Prez O. Everything I posted regarding ““Today is lets act like the con’s day”, i dont believe, but the sad truth is, the RIGHT spews this type of rhetoric every single day. All we are showing is how ridiculous is sounds on the other side.
Paul
June 7th, 2012
2:42 pm
josef
I dunno. The ‘interpretation’ part might not go too well.
josef
June 7th, 2012
2:42 pm
BOTH
Scout would make a good Imam, too. He likes his fiat and fatwah.
Don't Forget
June 7th, 2012
2:43 pm
Ooooh I got one:
If Willard is president we’ll all be subject to “Mormon Law” and have to wear their sacred underwear.
They BOTH suck
June 7th, 2012
2:43 pm
josef
Jack in Cumming
June 7th, 2012
2:44 pm
Jay has done it again wih anothe sterling blog. Well done jay.
Did anyone else see the story of Obama being a membr of so socialist party in his days in Chicago.
josef
June 7th, 2012
2:45 pm
PAUL
I would like to be a fly on the wall for the interpretation in the cabal!
Peadawg
June 7th, 2012
2:45 pm
“Did anyone else see the story of Obama being a membr of so socialist party in his days in Chicago.”
Got some links?
TaxPayer
June 7th, 2012
2:45 pm
Or is this just the usual trash to be expected from an Extremist Leftwing blog
Unfortunately, it is not trash talk that Paul Ryan has proposed regarding those federal retiree and veteran’s benefits funds. His budget proposal will require that funding for such items be basically eliminated immediately in order to allow for my next big tax cut. I’m hoping for a big cut in taxes on non-qualifying dividends and pension income. Keep your fingers crossed for me.
Kamchak ~ Thug from the Steppes
June 7th, 2012
2:46 pm
Did anyone else see the story of Obama being a membr[sic] of so[sic] socialist party in his days in Chicago.
Late to the party with that tidbit, sport.
Already been repeated here at least four times.
TaxPayer
June 7th, 2012
2:47 pm
Did anyone else see the story of Obama being a membr of so socialist party in his days in Chicago.
No. I must have been too caught up reading about Sarah Palin pallin’ around with terrorists. Now THAT was the epitome of Palin hypocrisy.
josef
June 7th, 2012
2:48 pm
K’CHAK
@ 2:46
Be nice. He just now got the memo.
DebbieDoRight - A Do Right Woman
June 7th, 2012
2:51 pm
Cynthia Tucker’s Assistant needs some serious help — I think she’s over worked and under developed.
Jack in Cumming
June 7th, 2012
2:52 pm
Sarah Palin hung out with bill Ayers?
Oblama
June 7th, 2012
2:53 pm
Kool – I didn’t say black people voted for Obama because he is black. I was quoting Samuel L. Jackson. I’m not knocking him for his honesty but I can’t respect the reason he gave for voting for Obama. Getalife said Romney was racist. I have not accused anyone (recently) of being racist. There are racists of all color and Getalife knows if he is one. I don’t.
josef
June 7th, 2012
2:53 pm
DDR
“…and under developed.”
Well, we know what to do about that, eh?
So, how the hell are ya?
n
June 7th, 2012
2:53 pm
They had to destroy pensions so that the CEO’s could increase their salaries 10,000%.
File a fake bankruptcy, destroy the vested rights of your workforce, and increase your own salary and perks to sky-high levels, then be reborn as a “slimmer, more efficient” company. Ditto your board of directors and other insiders.
Maintain multiple mansions in multiple countries. Keep your bank accounts out of the reach of U.S. taxes.
If possible, send your jobs outside the U.S. to augment your bottom line. To hell with American workers. Don’t need them anymore because goods and services originate in other places and are sold in other places outside the U.S, for the most part.
An exception: our auto industry is doing great because its now selling to China. They want to live like decadent Americans and drive our big cars.
Repeat over and over again until you have completely gutted America’s work force and destroyed the Middle Class.
getalife
June 7th, 2012
2:53 pm
That was fun.
DebbieDoRight - A Do Right Woman
June 7th, 2012
2:55 pm
I don’t recall the Wisconsin economy collapsing despite Governor Walker doing the opposite of what you propose
did you recall when Walker used part of Obama’s stimulus to balance his budget? No? Hmmmm….wonder why……………
USMC
June 7th, 2012
2:55 pm
Obama Was A Member Of Socialist New Party In 1996: Breitbart Breaking Story
http://beforeitsnews.com/story/2233/036/Obama_Was_A_Member_Of_Socialist_New_Party_In_1996:_Breitbart_Breaking_Story.html
OH! that’s why people call Obama a Socialist; now I get it.
Kamchak ~ Thug from the Steppes
June 7th, 2012
2:56 pm
Be nice. He just now got the memo.
I read the comments before I spout off, why shouldn’t he?