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Today is School Board Elections…Polls are open 10-8… If anyone is sponsored by Markell or Rodell or RTTT or WSFS, don’t vote for them.. If anyone is sponsored by DSEA, they are on the students side. They are safe.
So go out and vote like a goat… Be… B-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-D
Courtesy of Obamarmy
Ok kids, Look at the graph…. and see who can be the first to tell me….. Why do we really need to ramp up the education of our black and brown kids now?!!!!
Tax the Rich. Hire teachers to reach an 11 to 1 ratio. Test beginning, mid, and end of cycle only to evaluate the student’s needs ( don’t use them to close schools, fire teachers, or divvy out bonuses to your friends and supporters)… and lets get it done….
Btw, it has to start with the first one.
Listening to the port deal on WDEL’s Ms “Alberta” Mascitti’s show and upon reading Cassandra’s piece in Delaware Liberal, and having arguments on conservative blogs over the problems of our economy, it has become apparent that not too many people who throw out their opinions, know what the economy is…
If we all knew what made up the economy, perhaps our arguments would be on the same topic.
Here is how we comprise and determine what our economy is. We use the GDP.
Once one understands what is a GDP, then one can more readily understand what is needed to do, or what we should definitely, not do….
GDP = C + I + G + (X – I)
GDP = CONSUMPTION + INVESTMENT + GOVERNMENT + (SUM OF EXPORTS MINUS IMPORTS)
CONSUMPTION: Examples include food, rent, jewelry, gasoline, and medical expenses but does not include the purchase of new housing. Consumption consists of private (household final consumption expenditure) in the economy. These personal expenditures fall under one of the following categories: durable goods, non-durable goods, and services.
INVESTMENT: Examples include business construction of a new mine, purchase of software, or purchase of machinery and equipment for a factory. Spending by households (not government) on new houses is also included in Investment. Contrary to popular use of the word, as when one speaks of his investments, investments here do not include financial purchases like buying stock or bond in a company. Those are counted as savings and are completely out of the GDP calculation.
GOVERNMENT: . It includes salaries of public servants, purchase of weapons for the military, and any investment expenditure by a government. IT is the sum of government expenditures on final goods and services. It does not include any transfer payments, such as social security or unemployment benefits.
EXPORTS MINUS IMPORTS: It includes our balance of trade. It takes what you export or send out of the country and compares that to what gets imported and brought into the country. If you export more than you import, then you spending less then you are making and getting richer. This becomes a contribution to your GDP. But, once you import more than you export, you are spending more than you are making, and it becomes a negative drag upon your GDP.
There you have it.
Here are the myths that facts dispel. Personal savings have not effect upon the GDP. If you spend all you make and save nothing, you are better for the economy than those putting your money into CD’s or stocks.
The fluctuations of the stock market have no effect upon the economy, unless it is because of a psychological secondary influence causing more or less confidence and more or less spending in the categories listed above which do matter.
“Cutting wasteful Governmental spending” takes out a big chunk out of the economy. One should argue that instead we need more “wasteful governmental spending” to get us out of our recessional slump. Obviously we should remove the adjective “wasteful” from that equation,
It is possible a country can import its entire wealth away. If all ones income is spent, one has a zero balance.
Higher Taxes are good. They take money out of savings and put it into Government which benefits the economy. They spur the transfer of assets out of savings where they are taxed, into Investment, where they are not.
Cutting back on Government without replacing those cuts with either more investment, more consumption, or a positive trade imbalance is very, very negative.
Cutting back on government, creates less consumption. Less consumption lowers demand, and less demand creates less investment.
You cannot grow investment by cutting back on government. But you can grow investment, by growing government…. This idea of making government smaller is very bad for the economy and is exactly why since 2010 and the Tea Party, we haven’t had rapid growth…
The best way to jump start the economy is to move money in savings over to investment. Investment causes consumption to increase, investment to increase, and if government stays the same, it’s percentage of the GDP shrinks….
Moving money from savings to investment in no way deletes a person’s wealth.That person’s wealth the same; it is just counted in a different form.
Higher taxes achieve that quickly.
Tim Geithner said today, that the Treasury runs out of money on December 31st. That day we cross the $16.4 trillion debt limit.
Extraordinary measures can be expended to provide a stopgap… The Federal Treasury can raise $200 billion as a stopgap which provides 2 months leeway…
We were here once before, and learned nothing.
This crises is caused by a holdout band of renegade Republicans who for better or worse are out to destroy the United States of America.
There is no other scenario.
If ever there was a reason showing how the low taxes we currently have cause pain and suffering and damage our economy it is this….
The New York Stock Exchange, after 2 Centuries, 2 Centuries mind you… has lost it’s independence… 2 Centuries of History, kaput. gone. changed…
It is now owned by…. IntercontinentalExchange Inc.
Who? IntercontinentalExchange Inc.! Uh …. who is that? What? You don’t know who the IntercontinentalExchange.Inc is? Oh, my, where have you been?
Right here. I’ve been right here. And I don’t know who the IntercontinentalExchange Inc. is… So, please, enlighten me…
Well, the IntercontinentalExchange Inc didn’t exist when you were learning about finances. If anything, it was known as the Continental Power Exchange when it was taken over by Jeffrey Sprecher, ICE’s founder, in the waning years of the Clinton Administration.
Then in May 2000, IntercontinentalExchange (ICE) was established, with its founding shareholders representing some of the world’s largest energy traders. The company’s stated mission was to transform OTC trading by providing an open, accessible, multi-dealer, around-the-clock electronic energy exchange. The new exchange offered the trading community better price transparency, more efficiency, greater liquidity and lower costs than manual trading.
In June 2001, ICE expanded its business into futures trading by acquiring the International Petroleum Exchange (IPE), now ICE Futures Europe which operated Europe’s leading open-outcry energy futures exchange…
In 2003, ICE partnered with the Chicago Climate Exchange (CCX) to host its electronic marketplaces…
In 2007, it acquired the New York Board of Trade (NYBOT).
Again in 2007 it acquired ChemConnect (a chemical commodity market).
Again in 2007 it acquired the Winnipeg Commodity Exchange.
In January 2008, ICE partnered with TSX Group’s Natural Gas Exchange, expanding their offering to clearing and settlement services for physical OTC natural gas contracts…
In 2011, ICE and NASDAQ OMX Group joined forces to bid against Deutsche Börse after the latter announced a $9.5 billion deal to merge with NYSE Euronext. The two U.S. bidders ultimately withdrew after their bid encountered regulatory antitrust resistance. The proposal, would have brought nearly all U.S. stock listings under a merged Nasdaq-NYSE…..
Oh, and did I say the ICE was based in Atlanta? No wonder you didn’t recognize the name IntercontentalExchange Inc. But you probably are familiar with the letters ICE…
IntercontinentalExchange plans to fund the cash portion of the acquisition with a combination of cash and existing debt. It added that the addition of NYSE will help it cut costs by firing lots and lots of people.
So 2 centuries of independence comes to an end. Bought up by a company barely twelve years old…..
How? By having tremendous amounts of ICE profits that are untaxed. Prior to this decade, we had taxes siphoning a large part of this cash back into our economy and back into paying off our national debt. Now we don’t, thanks to the Republican Tax Cuts passed by a Republican Congress and signed by a Republican President.
These companies make money almost tax free…
This purchase of $8.2 billion, is simply the extra money this ICE exchange had left over after expenses, money that normally would have gone into taxes. It is funded by loans approaching interest rates of 0%.
This $8.2 billion will create no new jobs. It will cost jobs. Had that $8 billion been taken in taxes as it would have been at any other time since the Great Depression, that $8 billion might have gone to hiring more firemen, hiring more policemen, hiring more air traffic controllers, hiring more teachers, hiring more accountants, hiring more IRS agents, hiring more SEC investigators, all of which shop at grocery stores and buy more cars…and more houses.
The Republican policy of not taxing the wealthy at higher rates, no only yields the misallocation of valuable investment, but also the elimination of more jobs.
Here is a direct example of why NOT taxing the wealthy at very high rates, cost America jobs instead of create them…
The philosophy that “Taxes are good” applies when used on the top earners… The higher the tax rate, the better for everyone else. If you want a thriving economy, having multiple stock exchanges is better than one person controlling all. And what better way to achieve that, than tax away all ICE’s profits…..
That money needs to flow through our economy and can’t. Because it is getting wasted buying up companies by other companies that are simply being allowed to keep, …way too much money.
200 years. Gone, just like that….
This story is making it’s way up the charts… It is about the perils of navigating the private insurance labyrinth, being kicked out, and finding salvation in what?…… A government run Health Care Program.
Bottom line… Private Insurance ain’t what it was under Clinton’s 1990′s… If you haven’t gotten sick lately, then talking smack about Governmental Healthcare, makes you a stupid-ass hypocrite.
Bottom line.
Right click to open full image… Pictograph Courtesy of Viral..
So, can someone tell me again, why we shouldn’t tax the rich, and instead, balance the budget on the backs of everyone else?…….
I seem to be missing that little detail where that all makes sense……
Here is the blog that has been quoted recently by the mainstream press, especially after the video went viral, and they had to scramble to cover up the fact they originally tried to whitewash the incident.
“DUMB COLLEGE KIDS”, the right wing pundits squeal…
Not so…
Try an Assistant Professor in the Department of English, who organized the peaceful demonstration.
Or try an Associate Professor of English, who was grabbed by her hair, thrown on the ground.
Or try Associate Professor Geoffrey O’Brien who was injured by baton blows.
or try Professor Robert Hass, former Poet Laureate of the United States, National Book Award and Pulitzer Prize winner, who was also struck with a baton.
I wonder how this child’s mom feels right now: One of them, forty-five minutes after being pepper-sprayed down his throat, was still coughing up blood.
Or the dad who was there, bedside, to welcome this bundle of joy into the world.
Or the Grandparents of these children… When students covered their eyes with their clothing, police forced open their mouths and pepper-sprayed down their throats.
What’s the point? What were you trying to prove, Mr Rogue Policeman? Ohhhhh, that you were sooooooooo tough… I bet all the women flock to you now, don’t they?
What were you trying to prove, Chancellor Katehi? That you have an iron will? Or that you didn’t care? You had to appease the wealthy donors. The tents were such an eyesore and had to be removed, even with the potential for a loss of life?
What were you trying to prove, Republicans? Cutting taxes. Underfunding institutions of learning. Trimming school budgets so the wealthy wouldn’t have to pay their fair share of the cost of living in American society…
Go ahead. Save them a couple of pennies…. Beat the student’s senseless.. Fill their lungs with pepper spray… Ram their lower abdomens with your batons. Make them unable to ever bear children…. Do it for your wealthy master. All so millionaires can save one more penny on the dollar they’ve already taken from us…
Oh, no… Wait… Why didn’t we think of that before… If you kill us all off now, you won’t get back your student loans we borrowed from you at those exorbitant amounts of interest you so graciously parted your money for….
Definition: Where American spending was brought up to the level where it should be, without the necessary revenue to support it.
(As evidenced by 154,000 private sector jobs being created in July.)
The problem is not with spending. The problem is the lack of taxing of the top 1%. The spending seems to be doing its job.
You heard it from the Republicans from both sides of the rotunda. THIS BILL WILL CREATE JOBS.
Because it was said legitimately I took it hook, line, and sinker, and said… “good, we need more jobs….”
Four hours later, it came back up. Wait, a minute, how does trimming $100 billion a year out of our economy, create more jobs?
If the Fed cuts jobs, that’s fewer jobs. Who’s going to hire them? And if you create MORE jobs with this bill, you have to hire not only all the people you’ve cut, but many more besides…. Who’s hiring?
The same people who haven’t hired anyone back since 2008? After all, what incentive does corporate America have to hire people? They’re doing fine just as they are.. In a quarter where strong second-quarter earnings from companies like McDonald’s, General Electric and Caterpillar were just the latest proof that booming profits have allowed Corporate America to leave the Great Recession far behind, UNEMPLOYMENT WENT UP!
When the US Corporations banked $1.7 trillion in profits… UNEMPLOYMENT WENT UP!!!
Not to mention, when unemployment increases as the Fed itself begins to layoff workers, there will be less spending-money in those communities that experience layoffs.
Who hires when the revenue stream is predicted to collapse?
More than likely, those making a living off these same Federal employees, will be out of work too…..
Now we got, even more unemployment….
So how can Republicans stand in front of a microphone, and say this bill is a “job creator”… “It will grow more jobs”?
Someone explain it….. please!
