Armageddon Again

I think that this is a long and winding process. But I think at the end of the day, members are not going to want to be in their districts, senators are not going to want to be in their districts when their constituents find out on the 1st of January that their taxes have gone up by several thousand dollars. - Robert Gibbs/Press Secretary

Can someone help me out here; why is it that every time the wealthy in this country are facing any type of loss of income through taxes or corporate malfeasance the situation becomes the onset of Armageddon for the rest of us? Remember the beginning of this “recession” at the end of the Bush Administration that was brought on by the investment community and bankers gambling with our economy? We were on the brink of Armageddon and had to pony up 800 billion dollars to rescue our economy which was being held hostage by the same people who were handing out multi-million dollar bonuses right up until the day of the bail-out.

Now two years later we are faced with another Armageddon this time over tax-cuts for the wealthy. If we don’t extend all the tax-cuts we will have another “great recession”, the stock market will tank, and we will suffer double-digit unemployment. Really. That’s funny when Bill Clinton enacted them not only did our economy not go into free fall, but it actually laid the foundation for one our biggest economic expansions. I agree with Mr. Tom Buffenbarger, President of the Machinist Union when he said that when the Bush tax-cuts were enacted his members who make a decent living barely felt any change and so having them expire will have little effect. He went on to state that for his members it is about sacrifice for the good of the country and if paying a few hundred dollars a year to insure the long-term health of America they would consider it an honor. It would be an honor because they still have jobs.

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Obama's 2006 Earmarks & the Crown Family

Do you remember the Crown family?  Do you remember the Crown patriarch who sits on the board of Maytag?  Do you recall that Barack Obama, as a U.S. Senate candidate, met with Maytag workers, asked for their donations and promised them he'd help save their jobs, and that he then went to the Crown family and took their large donations, but never said a word to Crown about saving the jobs of the Maytag workers? (Crown confirmed in a newspaper interview that Obama never asked him about saving the Maytag jobs.)

Andy just alerted me to Jeralyn's post at TalkLeft, in which she highlights Obama's earmarks for General Dynamics, one of the largest military contractors in the world, and its ties to Chicago's Crown family.

"Among [Obama's earmarks are] an $8 million request for the 'High Explosive Air Burst Technology Program'. Ultimately, $1.3 million in funding was awarded for the program,"writes Jeralyn.

the defense project was overseen by General Dynamics, one of the nation's largest military contractors. Obama's Illinois finance chairman, James S. Crown, serves on the company's board of directors and his family holds a sizable stake in the company.

"Crown and his wife, Paula Crown," Jeralyn adds, "are members of Obama's National Finance Committee and have raised more than $200,000 for the Obama campaign, according to a list of fundraisers posted on Obama's campaign website."

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