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Archive for April 13th, 2009

Heavily Republican Georgia loads taxes on middle class/Updated

Posted by Charles II on April 13, 2009

UPDATE: CTJ has a new fact sheet showing how unprogressive our tax system has become.


Last Friday, the Georgia General Assembly passed a budget for fiscal year 2010 that includes a major tax cut for the wealthy (an exclusion for long-term capital gains income) and a substantial tax increase for the middle-class (eliminating a state-funded property tax relief program). A new report from ITEP concludes that if this proposal was fully implemented in 2008, the poorest 95 percent of Georgia taxpayers would pay, on average, higher state taxes than they do now.

The middle class voting for Republicans is like chickens voting for etcetera etcetera.

BONUS FACT: Rich now paying lower income taxes than at any time since the IRS started tracking it in 1992.

Posted in Republicans acting badly, taxes, You're On Your Own-ership Society | 3 Comments »

Housing Markets Bottomed Out?

Posted by Phoenix Woman on April 13, 2009

The housing market nationwide (and the market in general, or so it would seem) shows signs of recovery. This might be an indication that the banks are starting to lend at least a little bit (or that the credit unions are doing bigger loans than in the past).

Specific examples of the housing market’s bottoming (and potential recovery) are in New Jersey, California, and the Twin Cities metro area of Minnesota, where prices have apparently finally hit bottom and are back to something resembling true market value.

In fact, the bottoming out is also occurring across the pond in the UK, though at least one analyst is warning people not to be fooled by ‘green shoots’.

The bottoming out was in fact predicted back in December, predicated in large part on Obama’s getting the stimulus package through Congress.

Is it real? The fact that it seems to be widespread is a good sign, but I’ll keep my fingers crossed for now.

Posted in economy, financial crisis | 3 Comments »

A Republican view of the Republican Party

Posted by Charles II on April 13, 2009

Via Michael Tomasky in The Guardian, John Batchelor:

Vigilant Democrats worry today that the Republican Party is only playing possum, or that it can be revived by extraordinary means such as a Martian invasion. In fact, the GOP is a mummy-wrapped skeleton sitting in its own chilly mausoleum of bilious resentments and creepy sentimentality. What remains to call themselves Republicans are baldly badly educated or just prankish Confederate re-enactors—chubby men in gray and butternut suits with gold buttons and feather-tipped hats, clanking down stairs with shiny sabers. A handful of them are just boors from the South who look poorly on horseback and wave unread Bibles while calling for Billy Sunday to rise like the gold market….

There is much to explicate about Rove and Bush in the White House—their fearful temperament, their petty theories of governance, their inability to shoot straight so that, at firing at the lunatic bin Laden, they hit the cretin Saddam Hussein. But in terms of the death of the Republican Party, there is nothing original. The Rovian Bush midway was followed by the cartoon candidacy of John McCain, who spent months imitating both Popeye the Sailor and Sarah Palin’s Uncle Sam. That McCain didn’t claim to be more than an aviator, and that Palin didn’t claim to be more than a moose hunter, demonstrated that neither had need of, nor interest, in the Republican Party’s history or meaning….

I am on radio, on what is called right-wing radio, and it is easy for me to see that my loudest colleagues, who compulsively repeat the cant of Conservatism for Dummies, are not sincere students of the Republican Party but rather barkers, hookers, establishmentarian jesters, cultists, and, in the worst instance, just thatch-headed whiners….

The truth about the House Republicans—cowards, sycophants, and snobs just like 1930’s lot—is illustrated by the fact that 85 of them voted for the ludicrous AIG bonus-confiscation bill written on the back of a parking ticket.

It’s not dead. The malefactors of great wealth are always hovering over the zombified mass of lies and resentments and prejudices that we call the Republican Party, waiting to breathe a simulacrum of life into it. But it’s down, and it needs to be kept down long enough for the nation to recover.

Posted in Republicans, Republicans as cancer | Comments Off on A Republican view of the Republican Party

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