Romney and Rove divided over tax cut deal

[QE-3] QUANTITIVE EASING THREE- Anti-Yuan Gambit

[The line in the sand]

Now, the [QE-3] Quantitive Easing Three or the so called tax cut bill that is too be passed and signed into effect by the American-Israeli Military Industrial Complex, has nothing at all too do with correcting the base economic problems of that Military Industrial Complex namely its own infrastructure, and industrial base, this has to do with a backdoor attack upon the Yuan, the currency of one of the [BRIC] Brazil, The Russian Federation, India, and the [DPRC] Democratic Peoples Republic of China, Sphere of Influence and the Yuan is the currency of the [DPRC]. The Federal Reserve of the Military Industrial Complex will once again print an addition Trillion Dollars in currency to be dumped upon the world’s economic markets systems but aimed specifically at the Yuan to undercut the value of the Dollar and drive up the value of the Yuan within the international market. The American-Israeli Military Industrial Complex has been forced by the [DPRK] Democratic Peoples Republic of Korea [North Korea] and the peoples of Okinawa, which is heading to becoming a new nation within the community of world nations as the [DPRO] Democratic Peoples Republic of Okinawa into both a Geo-military, economic, industrial and political Gambit against the [DPRC], drawing a line in the sands of the Yellow Sea between mainland China and what it considers its own Geo-military, economic, industrial, and political Sphere of Influence.

[Backdoor Anti-Yuan Attack]

The way this economic backdoor attack upon the Yuan is too work is that the Federal Tax will be cut, but it’s the trickle down value of the tax cut domestically will do little, as that tax cut reaches the various states of the Military Industrial Complex each state will increase its tax cutting into the Federal tax cut, followed in turn by each county and then by each city, to make up for their own short falls in revenues and what little does reach the consumer will then follow the path of the jobs that were shipped out of the country overseas to the countries of the [BRIC], thus increasing their dollar reserve’s and the more one has of something the less value it has, and that means the value of the Yuan along with the value of the Yen the currency of Japan will increase along with all other currency world wide against the dollar. Which in turn means they will want to get rid of these dollars, with the purchase of hard currency, hard currency meaning Gold, Silver, all metals that can be used in the manufacture of military, computer, etc. assets, anything that will provide a higher yield, and which are able to either increase in value or hold value through price fluctuations, and not vanish into thin air, and will be willing to pay in as many dollars as asked too get rid of valueless dollars for value stable hard currency items again driving down the value of the dollar. But the main objective is to drive up the value of the Chinese Yuan devaluing the dollar which is the number one currency held in the reserve system of the [DPRC].

[From Iron/Bamboo Curtain to [BRIC] Cold War era]

Why is it so important to the American-Israeli Military Industrial Complex to drive up the value of the Yuan and undercut the value of the dollar, the answer is to maintain its Cold War Far East [FOOTHOLD] Okinawa, nuclear threat presence, distance is time, launching a pre-emptive nuclear strike from Okinawa is more time effective than one from a non hardened Trident Submarine with limited strike capabilities than that which can be provided by Okinawa, this is its military reason, its economic reason is that the [ROK] The Republic of Korea [South Korea], Taiwan [Nationalist China], and Japan represent its true [21st] Century only remaining industrial system, as all the industry of the Military Industrial Complex was sucked out of that country by [NAFTA] the North American Free Trade Agreement to the [BRIC] and these countries lay in the Sphere of Influence of the [C] China of the [BRIC]. Which once again shows that it is about driving the value of the Yuan up, as it also drives the cost of items made in its own Far-East assets made in Korea, Taiwan, and Japan, increasing its profits on the [NYSE] New York Stock Exchange at not only the cost of China but to its own citizens. The entire Gambit Militarily, Politically, Industrially and economically is to maintain its [FOOTHOLD] and control of Okinawa which is key within the never ending Cold War, which has been waged first against the Iron/Bamboo Curtains and now against its new and expanding form the [BRIC].

HERCULE TRIATHLON SAVINIEN

Romney and Rove divided over tax cut deal | The Washington Independent…

Here at World Spinner we are debating the same thing……

One argument for taxing the wealthy more: Income taxes on the wealthy are the ultimate sin tax-you’re only taxed on what you keep, not what you give. Jesus said it’s hard to get into heaven if you’re rich. He said to be His disciple we should renounce all our processions. The wealthy are free to earn all they can of course. What they earn is only taxed more if they choose to keep it instead of give it.

If they choose to keep more than $250,000 for themselves, then they get taxed more. If they make $10 million and give all but $200,000 to charity, what they give isn’t counted as income anyway. They can deduct what they give.

Just wanted to introduce the thought of taxing excessive income that is kept could be a sin tax…. I don’t know where I fall on this logic..but I think it’s worth debate.

These Dominoes Aren’t for Toppling Over—They Tell the Time [Concept]…

I found your post very interested so added a Trackback to it from my website….

PRESIDENT OBAMA HELD FIRM ON UNEMPLOYMENT BENEFITS & THAT WILL NEVER BE FORGOTTEN BY MILLIONS OF POORER AMERICANS …

PRESIDENT OBAMA CAME HOME WITH THE BACON NOT MUTTON …

ESTATE TAX ABATEMENT IS QUITE DIFFERENT THAN 45% ESTATE TAX PRESIDENT OBAMA ….

EVERYONE IN OUR U.S. CONGRESS KNOWS THAT THE BILLIONAIRE WALMART~WALTON FAMILY BIG MONIED LOBBYISTS & OUR 2 U.S. SENATORS KYL & LINCOLN WERE BEHIND THE ESTATE ABATEMENT ASPECT OF THE CURRENT U.S. CONGRESSIONAL TAX PLAN BEING VOTED ON IN THE NEAR FUTURE.

LAWYERS FOR POOR AMERICANS THANKS THE WALTON FAMILY FOR THEIR INTEREST IN AT LEAST MAKING SURE ALL OUR POORER AMERICAN’S WHO ARE CURRENTLY STILL UNEMPLOYED CAN STILL BE ABLE TO RECEIVE THEIR BENEFITS THIS HOLIDAY SEASON !!!

ALL little Americans LIVING IN OUR WEALTHY ELITE’S COUNTRY KNOW THE EXTREME POWER MONEY HAS IN OUR POLITICAL SYSTEM, SO NONE OF US SHOULD LOSE SIGHT THAT CERTAIN WEALTHY ELITE CURRENTLY ARE BUYING ANY & EVERYTHING THEY AND THEIR ELITE FRIENDS & FAMILIES DESIRE FROM OUR DEMOCRATIC FORM OF POLITICAL UNFAIRNE$$.

LAWYERS FOR POOR AMERICANS CAN ONLY HOPE & PRAY THAT ONE DAY IN OUR COUNTRIES NEAR FUTURE THAT THE NATIONAL & INTERNATIONAL CLASSIC LEADERSHIP SHOWN BY THE LIKES OF MARTIN LUTHER KING, NELSON MANDELA AND INDIA’S GANDI WILL SOMEDAY ALSO INSPIRE OUR CABAL OF SELFISH U.S. ELITE’S TO SHARE AND SHARE ALIKE WITH THEIR FELLOW POORER AMERICANS.

LAWYERS FOR POOR AMERICANS ALWAYS SUPPORTS PRESIDENT OBAMA WHEN WE FEEL HE HAS DONE RIGHT BY OUR AMERICAN MIDDLE~CLASS & POORER AMERICANS.

THANK YOU MR. PRESIDENT FOR FIGHTING FOR OUR POORER AMERICANS VERY NEEDED UNEMPLOYMENT BENEFITS AND FOR YOUR SINCERE EFFORT TO BRING HOME THE BACON ON OTHER VARIOUS FINANCIAL NEEDS IN OUR POORER AMERICA’S COMMUNITY.

*** SHOW US ANY AMERICAN PRESIDENT WHO GETS EVERYTHING HE ASKS FOR AND WE WILL SHOW YOU A COUNTRY THAT IS NOT TRULY A DEMOCRATIC STATE.
—————————————————————————————————————————————————————————————————————————————–
NY TIMES NEWSPAPER
OP-ED COLUMNIST

Block Those Metaphors
By PAUL KRUGMAN

Published: December 12, 2010

Like it or not — and I don’t — the Obama-McConnell tax-cut deal, with its mixture of very bad stuff and sort-of-kind-of good stuff, is likely to pass Congress. Then what?

Fred R. Conrad/The New York Times
Paul Krugman

The deal will, without question, give the economy a short-term boost. The prevailing view, as far as I can tell — and that includes within the Obama administration — is that this short-term boost is all we need. The deal, we’re told, will jump-start the economy; it will give a fragile recovery time to strengthen.

I say, block those metaphors. America’s economy isn’t a stalled car, nor is it an invalid who will soon return to health if he gets a bit more rest. Our problems are longer-term than either metaphor implies.

And bad metaphors make for bad policy. The idea that the economic engine is going to catch or the patient rise from his sickbed any day now encourages policy makers to settle for sloppy, short-term measures when the economy really needs well-designed, sustained support.

The root of our current troubles lies in the debt American families ran up during the Bush-era housing bubble. Twenty years ago, the average American household’s debt was 83 percent of its income; by a decade ago, that had crept up to 92 percent; but by late 2007, debts were 130 percent of income.

All this borrowing took place both because banks had abandoned any notion of sound lending and because everyone assumed that house prices would never fall. And then the bubble burst.

What we’ve been dealing with ever since is a painful process of “deleveraging”: highly indebted Americans not only can’t spend the way they used to, they’re having to pay down the debts they ran up in the bubble years. This would be fine if someone else were taking up the slack. But what’s actually happening is that some people are spending much less while nobody is spending more — and this translates into a depressed economy and high unemployment.

What the government should be doing in this situation is spending more while the private sector is spending less, supporting employment while those debts are paid down. And this government spending needs to be sustained: we’re not talking about a brief burst of aid; we’re talking about spending that lasts long enough for households to get their debts back under control. The original Obama stimulus wasn’t just too small; it was also much too short-lived, with much of the positive effect already gone.

It’s true that we’re making progress on deleveraging. Household debt is down to 118 percent of income, and a strong recovery would bring that number down further. But we’re still at least several years from the point at which households will be in good enough shape that the economy no longer needs government support.

But wouldn’t it be expensive to have the government support the economy for years to come? Yes, it would — which is why the stimulus should be done well, getting as much bang for the buck as possible.

Which brings me back to the Obama-McConnell deal. I’m often asked how I can oppose that deal given my consistent position in favor of more stimulus. The answer is that yes, I believe that stimulus can have major benefits in our current situation — but these benefits have to be weighed against the costs. And the tax-cut deal is likely to deliver relatively small benefits in return for very large costs.

The point is that while the deal will cost a lot — adding more to federal debt than the original Obama stimulus — it’s likely to get very little bang for the buck. Tax cuts for the wealthy will barely be spent at all; even middle-class tax cuts won’t add much to spending. And the business tax break will, I believe, do hardly anything to spur investment given the excess capacity businesses already have.

The actual stimulus in the plan comes from the other measures, mainly unemployment benefits and the payroll tax break. And these measures (a) won’t make more than a modest dent in unemployment and (b) will fade out quickly, with the good stuff going away at the end of 2011.

The question, then, is whether a year of modestly better performance is worth $850 billion in additional debt, plus a significantly raised probability that those tax cuts for the rich will become permanent. And I say no.

The Obama team obviously disagrees. As I understand it, the administration believes that all it needs is a little more time and money, that any day now the economic engine will catch and we’ll be on the road back to prosperity. I hope it’s right, but I don’t think it is.

What I expect, instead, is that we’ll be having this same conversation all over again in 2012, with unemployment still high and the economy suffering as the good parts of the current deal go away. The White House may think it has struck a good bargain, but I believe it’s in for a rude shock.

——————————————————————————————————————————————————————————————————————

LAWYERS FOR POOR AMERICANS IS A INDEPENDENT VOLUNTEER WWW LOBBY THAT SINGS OUT FOR OUR AMERICAN MIDDLE~CLASS & POORER AMERICANS LIVING IN OUR WEALTHY ELITE’S COUNTRY.

* WE CAN BE FOUND WITH ANY WEB SEARCH ENGINE BY OUR NAME TELEPHONE NUMBER OR E MAIL ADDRESS.

** GOOGLE, YAHOO, AOL, MSN, BING..ETC.. ALL CARRY OUR PREVIOUS WRITTEN COMMENTARY STUFF WITH VARIOUS DIFFERENT LISTINGS.

*** WE ENJOY BRINGING ALL our fellow little Americans THE GOOD LIFE ON THE INTERNATIONAL WORLD OF THE WEB COMMUNITY.

****(Manny Gonzales the Kid that Everyone Forgot in the California Prison System) can be entered into any web search engine for a judicial ride of ones life. LAWYERS FOR POOR AMERICANS STARTED OUR BLOG WITH THIS VERY REAL INJUSTICE OF GED EDUCATED PRISON INMATES BEING FORCED TO WRITE THEIR OWN FEDERAL APPEALS FROM PRISONS ALL ACROSS AMERICA WITHOUT THE BENEFIT OF BEING PROVIDED PROPER LEGAL REPRESENTATION.

lawyersforpooreramericans@gmail.com
424-247-2013

PRESIDENT OBAMA HELD FIRM ON UNEMPLOYMENT BENEFITS & THAT WILL NEVER BE FORGOTTEN BY MILLIONS OF POORER AMERICANS …

PRESIDENT OBAMA CAME HOME WITH THE BACON NOT MUTTON …

ESTATE TAX ABATEMENT IS QUITE DIFFERENT THAN 45% ESTATE TAX PRESIDENT OBAMA ….

EVERYONE IN OUR U.S. CONGRESS KNOWS THAT THE BILLIONAIRE WALMART~WALTON FAMILY BIG MONIED LOBBYISTS & OUR 2 U.S. SENATORS KYL & LINCOLN WERE BEHIND THE ESTATE ABATEMENT ASPECT OF THE CURRENT U.S. CONGRESSIONAL TAX PLAN BEING VOTED ON IN THE NEAR FUTURE.

LAWYERS FOR POOR AMERICANS THANKS THE WALTON FAMILY FOR THEIR INTEREST IN AT LEAST MAKING SURE ALL OUR POORER AMERICAN’S WHO ARE CURRENTLY STILL UNEMPLOYED CAN STILL BE ABLE TO RECEIVE THEIR BENEFITS THIS HOLIDAY SEASON !!!

ALL little Americans LIVING IN OUR WEALTHY ELITE’S COUNTRY KNOW THE EXTREME POWER MONEY HAS IN OUR POLITICAL SYSTEM, SO NONE OF US SHOULD LOSE SIGHT THAT CERTAIN WEALTHY ELITE CURRENTLY ARE BUYING ANY & EVERYTHING THEY AND THEIR ELITE FRIENDS & FAMILIES DESIRE FROM OUR DEMOCRATIC FORM OF POLITICAL UNFAIRNE$$.

LAWYERS FOR POOR AMERICANS CAN ONLY HOPE & PRAY THAT ONE DAY IN OUR COUNTRIES NEAR FUTURE THAT THE NATIONAL & INTERNATIONAL CLASSIC LEADERSHIP SHOWN BY THE LIKES OF MARTIN LUTHER KING, NELSON MANDELA AND INDIA’S GANDI WILL SOMEDAY ALSO INSPIRE OUR CABAL OF SELFISH U.S. ELITE’S TO SHARE AND SHARE ALIKE WITH THEIR FELLOW POORER AMERICANS.

LAWYERS FOR POOR AMERICANS ALWAYS SUPPORTS PRESIDENT OBAMA WHEN WE FEEL HE HAS DONE RIGHT BY OUR AMERICAN MIDDLE~CLASS & POORER AMERICANS.

THANK YOU MR. PRESIDENT FOR FIGHTING FOR OUR POORER AMERICANS VERY NEEDED UNEMPLOYMENT BENEFITS AND FOR YOUR SINCERE EFFORT TO BRING HOME THE BACON ON OTHER VARIOUS FINANCIAL NEEDS IN OUR POORER AMERICA’S COMMUNITY.

*** SHOW US ANY AMERICAN PRESIDENT WHO GETS EVERYTHING HE ASKS FOR AND WE WILL SHOW YOU A COUNTRY THAT IS NOT TRULY A DEMOCRATIC STATE.
—————————————————————————————————————————————————————————————————————————————–
NY TIMES NEWSPAPER
OP-ED COLUMNIST

Block Those Metaphors
By PAUL KRUGMAN

Published: December 12, 2010

Like it or not — and I don’t — the Obama-McConnell tax-cut deal, with its mixture of very bad stuff and sort-of-kind-of good stuff, is likely to pass Congress. Then what?

Fred R. Conrad/The New York Times
Paul Krugman

The deal will, without question, give the economy a short-term boost. The prevailing view, as far as I can tell — and that includes within the Obama administration — is that this short-term boost is all we need. The deal, we’re told, will jump-start the economy; it will give a fragile recovery time to strengthen.

I say, block those metaphors. America’s economy isn’t a stalled car, nor is it an invalid who will soon return to health if he gets a bit more rest. Our problems are longer-term than either metaphor implies.

And bad metaphors make for bad policy. The idea that the economic engine is going to catch or the patient rise from his sickbed any day now encourages policy makers to settle for sloppy, short-term measures when the economy really needs well-designed, sustained support.

The root of our current troubles lies in the debt American families ran up during the Bush-era housing bubble. Twenty years ago, the average American household’s debt was 83 percent of its income; by a decade ago, that had crept up to 92 percent; but by late 2007, debts were 130 percent of income.

All this borrowing took place both because banks had abandoned any notion of sound lending and because everyone assumed that house prices would never fall. And then the bubble burst.

What we’ve been dealing with ever since is a painful process of “deleveraging”: highly indebted Americans not only can’t spend the way they used to, they’re having to pay down the debts they ran up in the bubble years. This would be fine if someone else were taking up the slack. But what’s actually happening is that some people are spending much less while nobody is spending more — and this translates into a depressed economy and high unemployment.

What the government should be doing in this situation is spending more while the private sector is spending less, supporting employment while those debts are paid down. And this government spending needs to be sustained: we’re not talking about a brief burst of aid; we’re talking about spending that lasts long enough for households to get their debts back under control. The original Obama stimulus wasn’t just too small; it was also much too short-lived, with much of the positive effect already gone.

It’s true that we’re making progress on deleveraging. Household debt is down to 118 percent of income, and a strong recovery would bring that number down further. But we’re still at least several years from the point at which households will be in good enough shape that the economy no longer needs government support.

But wouldn’t it be expensive to have the government support the economy for years to come? Yes, it would — which is why the stimulus should be done well, getting as much bang for the buck as possible.

Which brings me back to the Obama-McConnell deal. I’m often asked how I can oppose that deal given my consistent position in favor of more stimulus. The answer is that yes, I believe that stimulus can have major benefits in our current situation — but these benefits have to be weighed against the costs. And the tax-cut deal is likely to deliver relatively small benefits in return for very large costs.

The point is that while the deal will cost a lot — adding more to federal debt than the original Obama stimulus — it’s likely to get very little bang for the buck. Tax cuts for the wealthy will barely be spent at all; even middle-class tax cuts won’t add much to spending. And the business tax break will, I believe, do hardly anything to spur investment given the excess capacity businesses already have.

The actual stimulus in the plan comes from the other measures, mainly unemployment benefits and the payroll tax break. And these measures (a) won’t make more than a modest dent in unemployment and (b) will fade out quickly, with the good stuff going away at the end of 2011.

The question, then, is whether a year of modestly better performance is worth $850 billion in additional debt, plus a significantly raised probability that those tax cuts for the rich will become permanent. And I say no.

The Obama team obviously disagrees. As I understand it, the administration believes that all it needs is a little more time and money, that any day now the economic engine will catch and we’ll be on the road back to prosperity. I hope it’s right, but I don’t think it is.

What I expect, instead, is that we’ll be having this same conversation all over again in 2012, with unemployment still high and the economy suffering as the good parts of the current deal go away. The White House may think it has struck a good bargain, but I believe it’s in for a rude shock.

——————————————————————————————————————————————————————————————————————

LAWYERS FOR POOR AMERICANS IS A INDEPENDENT VOLUNTEER WWW LOBBY THAT SINGS OUT FOR OUR AMERICAN MIDDLE~CLASS & POORER AMERICANS LIVING IN OUR WEALTHY ELITE’S COUNTRY.

* WE CAN BE FOUND WITH ANY WEB SEARCH ENGINE BY OUR NAME TELEPHONE NUMBER OR E MAIL ADDRESS.

** GOOGLE, YAHOO, AOL, MSN, BING..ETC.. ALL CARRY OUR PREVIOUS WRITTEN COMMENTARY STUFF WITH VARIOUS DIFFERENT LISTINGS.

*** WE ENJOY BRINGING ALL our fellow little Americans THE GOOD LIFE ON THE INTERNATIONAL WORLD OF THE WEB COMMUNITY.

****(Manny Gonzales the Kid that Everyone Forgot in the California Prison System) can be entered into any web search engine for a judicial ride of ones life. LAWYERS FOR POOR AMERICANS STARTED OUR BLOG WITH THIS VERY REAL INJUSTICE OF GED EDUCATED PRISON INMATES BEING FORCED TO WRITE THEIR OWN FEDERAL APPEALS FROM PRISONS ALL ACROSS AMERICA WITHOUT THE BENEFIT OF BEING PROVIDED PROPER LEGAL REPRESENTATION.

lawyersforpooreramericans@gmail.com
424-247-2013

I was hoping with the elections over that the politicians can work better together and not be so focused on how is a democrat or republican but what is good for the country and the people vs. their own agenda and taking care of their buddies but it seems like politics as usual although there will be a change of power in the coming year I just see the same ole same ole I think the only way to get politicians to work together is term limits because they know they are there for lets say 4 yrs and thats it to make a difference or do good before they get all corrupt from repeat exposure…
Santa Maria Homes For Sale

Time can change most of things.

Hi. Just letting you know that I enjoyed your site.
asdfeee