September 20, 2011

Love of money

Last Friday, two of my least favorite people were on the same show: Chris Matthews whose flabby lips spew spittle every time he gets agitated (which is daily) and Jim Cramer whose idiocy is matched only by his hyperbolic hyperactivity. I read the transcript, and in it found a disturbing statement.
Jim Cramer, who, if we are to believe him, chit-chats with corporate CEO's during crack breaks for his show I guess, says, "[T]hey [CEO's] really just feel like, look, if we got a Republican in there [the White House], we could really do a great thing in this country by hiring a lot of people." Thereby suggesting that these guys are sitting on thousands of jobs but aren't gonna hire until Rick Perry is sworn in (or whatever).
One: Bullshit. No company, I don't care how conservative, is going to hire workers unless there is demand for whatever product that company offers. And no company, no matter how conservative, is NOT going to hire workers just to piss off a president. Two: if there was a (completely moronic) CEO who indeed is sitting on jobs when thousands of workers need them, he should be tried for treason because that is undermining the security of our country.
Chris Matthews does point out that "'since the recovery began in June of 2009, corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of that growth.' This is the stuff that causes revolutions, from the bottom, not from the top."
More than any disparity in tax rates, this is what is tearing our country apart. When 88% of our nation's growth is raked in by corporations (who are people too!) while all wages and salaries comprise just 1% of that growth, we lose what makes us America.
The next time you hear the talking point about "taxing the job creators" ask just how many millions of dollars do the corporations need before they'll create a job or two. I say for every $100K in tax breaks, they should be required to create a $50K job. The greed and the hoarding have got to end. It's true that in the end it will hurt the very corporations who are so intent to clutch their obscene earnings to their bosoms. (Don't forget, corporations are people, so they must have bosoms.)
Even BP has to sell gas to someone, and if the entire middle class is destroyed due in part to their unwillingness to pay taxes on their earnings, they will lose a lot of money without that customer base. However, in order for that to happen, the middle class will have already been destroyed so we won't be around to see BP suffer. Of course, if they don't make record profits, they can just write that off as a tax credit.

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