Small Business Owners Leave Republican Plantation Over Tax Cuts For the Rich

It is becoming ever more painfully obvious that the Republican Tax Giveaway to the Rich is a major element in the country’s finances being in freefall. The Chamber of Commerce has increasingly become noting but a propaganda arm of the Republican Party, much like Faux News.

Small Business Owners Demand Repeal Of Bush Tax Cuts For The Rich

Michael Teahan, like his father, mother, and uncles before him, is a small business owner. The 52-year-old has spent most of his adult life running his own businesses: a restaurant, a coffee bar and various companies involved in the espresso machine business.

“I was the only person in my family to go to college, because that’s not what we did — we all opened up businesses,” Teahan says. “For some people, that’s a big hurdle … for us, it was like having lunch.”

Teahan currently operates Espresso Resource, a company that imports espresso machine parts from Europe to sell to U.S. restaurants and coffee shops. And he’s doing very well for himself: The two-man operation clears about $1 million a year in total sales, Teahan says — enough to secure himself annual income in excess of $250,000.

That makes Teahan one of the few small business owners to actually benefit from the Bush administration’s tax cuts for the wealthy. He says the cuts save him about $12,000 a year, compared to what he paid before they were enacted. But as debates over the federal budget deficit have intensified, Teahan has found the political discussion increasingly divorced from the reality of his experience as a small business owner.

Tax cuts for the wealthy, according to Teahan, will do nothing to bolster his firm. They won’t affect his hiring decisions, they won’t encourage him to buy new equipment or help him move into a bigger warehouse. He says all of those decisions — the nuts and bolts of actually running a small company — depend on the his customers’ economic conditions, not his personal tax rate.

“What we do in business, how we spend our money, how we allocate our resources — that has very little to do with tax policy,” Teahan says. “I map my business based on my customers, and what my customers want to buy, and what they can afford to buy.”

Texas Miracle… Anther Fraud

What do the Texas “Education Miracle” and the Texas “Budget Miracle” have in common?

Really Big, Really Deep Holes...Good Places to Put Dead Rogue Elephants.

They are both frauds perpetrated by Republicans.

The Texas Education Miracle? This from one of the first people who broke the story about the fraud, George Scott -

The leadership of the Texas Republican Party in the Legislature and at the TEA made a calculated decision (individually and collectively) to permit the State of Texas to lie to parents about the academic skills of Texas students.

In validating, promoting and enshrining the lie, Texas Republicans have followed the path of many of their national counterparts.  They abandoned their principles and recruited allies to validate the academic corruption.  In sum, politicians, bureaucrats, many academicians and scores of public policy researchers reaped great financial, professional or political benefits from the schemes.

The same Texas Republican Party and Legislature is now doing it with the Texas Budget. After supposedly defying the national trend by fueling growth by tax cuts and budget cuts… The Piper has come home with a vengeance. The State is now projected to be $25 BILLION in the red. But like the Enron disaster of cooked books…The $25 billion number may well be the tip of the iceberg, in that the books may have been cooked to show the state with a surplus all along when it was in the red.

Conservative philosophy fails… Again.

The Texas Omen

These are tough times for state governments. Huge deficits loom almost everywhere, from California to New York, from New Jersey to Texas.

Wait — Texas? Wasn’t Texas supposed to be thriving even as the rest of America suffered? Didn’t its governor declare, during his re-election campaign, that “we have billions in surplus”? Yes, it was, and yes, he did. But reality has now intruded, in the form of a deficit expected to run as high as $25 billion over the next two years.

Rachel Maddow on Psyops – November 2010 elections

Rachel does get it correct that the MSM is spinning for the Republicans. What she gets wrong is why. This election is about race – not the economy, jobs, or the deficit… It is about fear of a non-white America.  One of the best articles on this phenomenon was in the Village Voice – White America Has Lost It’s Mind…

Laying out why whack job right wing candidates suddenly have a chance, despite the reality that these folks are so far out of the mainstream as to be part of the tinfoil hat crowd.

Watched this same movie during the Bushit’s first illegitimate selection by the 5 thugs in robes. Bushit was their Golden Boy. Boy! That turned out well, now – didn’t it?

The really bad news is that things are so screwed up right now – America really can’t afford the off-the-wall isht the Tea Baggers and whack-job righties are going to bring…

So if it does turn out as so heavily advertised by the MSM…

Welcome to Third World America, complete with Banana Government.

Rachel Maddow on Psyops – November 2010 elections
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Loan Sharked Democracy

In a recent report the conservative Heritage Foundation postulates that the rising US deficit will impact the United States credit rating…

Geez, where were these guys during Raygun and Bush II?

Paying off the sharks

Obama’s Deficits Put U.S. Credit Rating at Risk

The credit rating company Standard & Poor’s (S&P) recently lowered the United Kingdom’s debt rating from “stable” to “negative” as its debt-to-GDP ratio approaches 100. On May 21, Bill Gross, the co-chief investment officer of PIMCO, a leading bond trading house, said the U.S. may lose its credit rating as the federal government issues trillions in additional debt.