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Republicans like to talk about fair.

Fair is relative. If the richest have to pay 35% of their income in taxes, so should the poorest… Fair is fair…

Using all the same principals of logic that argument can be turned around on its ear…..

If the income for the top 1% grew by 275% since Reagan took the bible on the capitol steps, so should the income of the bottom quintile be raised 275%… After all, fair is fair…

The more astute of you already know that that would be impossible. Someone making $16,000 in 1979 would at a 275% raise, now be at $60,000. That would be great but probably not realistic for someone employed say as a grave digger.

A more applicable way to interpret fair is fair is to peg the amount earned by a percentage at the top, to that percentage earned at the bottom…

The growth for the 20% at the bottom was roughly 18%….

So everything at the top, over 18%, gets handed over in the form of taxes.

The way to make more money is to invest wisely, and have the lowest quintile, make more money….

Or put another way, whatever it is that the percentage of the lowest quintile has of disposable income, after meeting all mandatory and necessary expenses, that same percentage should also be what the upper income gets to keep, after paying taxes.

If someone making $16,000 has $2000 left after expenses, then that same percentage (12.5%) applies to someone who earned 160 billion, and he gets to keep after taxes take their bite, all $20 million.

After all, fair is fair…

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The global markets lost 1% today… Actually that is pretty good. The losses stemmed over the fact that Republicans won’t allow new revenue to enhance our failing budget…….

Like George Washington, they want to apply more leeches (tax cuts) which eventually will bleed the father of our country dry, and kill him dead.

There are great ideas to get around the impasse……

One was so close last week in which Obama and Boehner had come almost to a 4$ Trillion Deal… It was so, so close. Boehner was about to become the Alexander Hamilton of the 21st Century: Historians would forever know him as the man who brought America back from economic ruin…….

But Boehner’s owner, jerked hard on his leash… cracking Boehner’s trachea. He then spun Boehner to the ground, and applied zip strips to his wrists and ankles. He then tazed Boehner repeatedly. For the first time in his life, Boehner did not cry. He was then strapped to a board, tilted backwards into a tank of water, and held for 45 seconds, over 111 times. He was then blindfolded and pummelled with cans of Pepsi, embedded in old cotton socks, leaving no evidence. He then poked with a tube, in his (you know where) and the other end was attached to a fire hydrant.

The next morning, Boehner said the deal was off; he refused to return Obama’s calls.

Leaks from those working for his owners, tell us the taxes on the wealthy 1% were the sole reason Boehner was given “the treatment”… It’s a damn shame; for a package of $3 trillion in cuts, (yes, includes modifications to SS and Medicare) and a Trillion in tax increases on the top 1%… would shake the dynamics of our economy.

It would spur investment here in America.
It would therefore create jobs.
It would stop the uncertainty where America was financially headed.
It would prevent the immediate loss to our economy of $4 billion a day.
It would reduce the deficit over time, and save money spent paying interest, which could then be used for services.
It would be the proper step at this time in the direction we need to go.

But, if the US defaults on its debt, nothing in the financial markets is sacred, and when nothing is sacred, that… causes panics…

And a panic in 1929… caused the Great Depression. A panic in 2008, caused the mess we’re in right now.

The world’s managed wealth is $122 trillion… A one percent drop.. is $1.2 trillion. That is the amount, that one half, of one third our government,… cost the world today.

They are kids, playing with a live junction box… Sticking a screwdriver in the wrong hole, burns down the entire house……

(At $50,000 a job, today’s loss is the financial equivalent of putting 24 million human beings out of work)

Having recently seen the Harry Potter movie, it is scary. Ever since watching…. I now see giants everywhere. Before when I looked, I never knew they were there…

Two giants will be doing battle here in Delaware… (The recession is finally paying off for our little state.)

Papers were filed with the ITC (International Trade Commission) by the South Korean giant Samsung LED against a division of another giant this time from Germany, Siemens….. over 8 patient infringements.

Samsung LED also said it filed a lawsuit in the U.S. District Court in Delaware to seek damages and a permanent injunction to bar Siemen’s subsidary, Osram’s alleged patent infringement from entering this country.

At stake is the financial future of these two companies. One will win, and the other for lack of a better word, will be vanquished.

Since Siemens actually has a plant in Delaware, next to the Glasgow Park off Route 40 and 896, I’m putting my bets on that giant…. if they get hurt, it will cost jobs.

Hotels, restaurants, transportation companies all stand to be a little busier as this gigantic fight, gets under way…. It would be helpful to practice on the Korean and German dialects now, before the event gets under way…

Sprechen sie deutsch?

니미럴 개자식 ….

It should be an interesting fight.

1. Proximity to one of the top research Universities in the country..

2. Well trained work force, ex Chrysler, GM, DuPont, Siemens,

3. Good relations between unions and management at all Delaware companies.

4. Proximity to Dupont Headquarters.

5. Delaware’s Corporate Legal System.

6. Delaware’s own underutilized and “cheap” access port for import and export ocean traffic .

7. Close proximity to the moneyed and power towns of Washington, New York, Baltimore, and Philadelphia, which is good for investor relations.

8. Nearby beach as incentive to draw top engineers from around the nation.

9. Soon to be built, cheap offshore wind power, which will help to moderate utility costs against the ever rising price of coal and natural gas.

10. By getting foot in Delaware’s door, GE could have an inside track at building and installing their top rated turbines off Delaware’s shores…

GE is looking for somewhere to build a new solar plant... Not one requiring tons of sun, but a place to manufacture the thin film necessary for the exchange of electrons necessary to make electricity. Driving down the cost of this film, will drive down the cost of solar electricity.. The lower the cost, the more it will be used, meaning less coal will be burned….

Lower Delaware is the best place in the nation for it.

.. and thanks Nancy for bringing this to our attention…. 🙂

The United States government’s International Trade Administration has released the statistics for exports for the year 2010 (using 2008-2009 data)…. …  This report is also broken down by state… Here is how Delaware scored.

Export-supported jobs linked to manufacturing account for an estimated 5.2 percent of Delaware’s total private-sector employment. Nearly one-quarter (23.5 percent) of all manufacturing workers in Delaware depend on exports for their jobs. (2008 data are the latest available.)

In 2008, foreign-controlled companies employed 30,800 Delaware workers. Major sources of foreign investment in Delaware in 2008 included the United Kingdom, Canada, Netherlands, and Germany.(banks)

Foreign investment in Delaware was responsible for 8.2 percent of the state’s total private-industry employment in 2008.

Delaware’s export sales of merchandise in 2009 totaled $4.3 billion, up 70 percent ($1.8 billion) from $2.5 billion in 2005. That was the third highest percentage growth among the 50 states over that time period.

The state’s leading market was Canada ($1.2 billion), which alone accounted for 27 percent of Delaware’s total exports in 2009. Canada was followed by the United Kingdom ($866 million), Germany ($352 million), China ($298 million), and Japan ($264 million).

Chemical manufactures, with 50 percent of the 2009 value ($2.2 billion), dominated the state’s exports. Other important sectors included computers and electronic products ($584 million), transportation equipment ($374 million), and machinery manufactures ($281 million).

For the first-half of 2009, the metropolitan area of Dover exported $35 million in merchandise; Dover is the only metropolitan area with counties exclusively in Delaware. (The Delaware city of Wilmington is included in the Philadelphia-Camden-Wilmington metropolitan area, which also contains parts of Pennsylvania, New Jersey, and Maryland. For the first-half of 2009, the Philadelphia-Camden-Wilmington metropolitan area exported $9.1 billion in merchandise.)

It’s a shame we didn’t get the wind farm technology off the ground in time for this recession. It would have been nice to increase our exports by shipping wind turbines out of Wilmington’s port.