Upper East Sliders

Don't expect the super rich to pay much in taxes over the next few years. They all have some dogs for investments. They can afford to offset their gains with losses. They can also downgrade from a Bentley to an ordinary Mecedes Benz. BooHoo.

Boo Hoo!

Its time for all to meet the Lord. Death awaits us all. You want the East side to hear something>? Their fear is the sound of their sin. REPENT and be saved, live by the principals of the Bible, that is my advice. It is your only saving graCE.

People with value systems like this caused this collapse.

I haven't spent $10,000 on my clothes over a 45 year life span, much less on one dress. No I don't feel sorry for those people. They step on people like us, they aren't losing anything.

YGTBFKM!!!! "a certain socialite whose outfits are studied like a bar exam ..." and can afford to wear a $10,000 dress once and then "donate" it to charity needs our (the poor) sympathy!! God forbid that she has to wear last years' outfit to 2008 gala and the outfit was photographed last year. The rich do live in a different world and good for them. But do not expect the other 95% of the population to care. Most of us can not afford a plane ticket and the wealthy think they are doing us (the other 95%) a favor by flying commercial, is a slap in the face.

The author is the daughter of a billionaire. Cry me a river. Think those who are losing are their homes might be losing some self esteem, confidence, and hope along with them? Unbelievable. And I live on the Upper East Side, too, lest you think I'm anti-rich . . .

"remember many of these families face losing almost everything they've worked for over decades, or even generations"

Just wanted to point out a couple of potential flaws in the verbiage, above, both having to do with the term "work." First, we assume that the East Sliders gained their wealth through work. Of course, not all did. And, as we all know so well now, many of them did work that was to the great disadvantage of our country. The second problem has to do with the implication that a "family" can work over generations. I would think it would be fairly clear to the author that generations of a family can work over generations. However, a particular family in this particular point in time, will most normally work during the lifetime of the worker in question.

Whether McCain won or lost is not relevant. He succeeded in the first half hour to plant the seeds of a Reagan style wipeout. Reputable historians and economists overwhelmingly agree that the taxation imposed by and the "stimulus" spending and public works programs of FDR actually deepened and prolonged the Great Depression. See e.g. http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx. It was the production demands of WWII that got the economy going again. And when the war was over, the economy promptly went into recession.

Point is, Obama's programs are tax and spend, and it does not really matter who he taxes, those taxes are going to be passed through the economy. Any first year economics student knows that taxation is a tool used to contract an economy experiencing inflation, because it reduces demand by reducing the amount of money individuals and businesses have to spend. It is contractionary, which is exactly what you do not want to do when the problem is that the economy is contracting already into recession. Like FDR, Obama's plans will only make it worse for longer.

Similarly, who "Joe the plumber" is is not the issue. The issue is what Obama's comments to him revealed. In the exchange with "Joe the plumber" we find out that Obama really is as radical as his early political acquaintances, and that he is into the failed economic policy of wealth redistribution. Obama's tax and spending plans alone would be bad enough, but add Reid and Pelosi to the mix, with the three of them controlling both houses of Congress and the executive without and effective restraint, and you have something that should be something that causes concern even among moderate Democrats. Don't think so? Watch and listen to a C-SPAN video clip of the Congressional hearings at roughly the time McCain's attempt at S.190. to fix fannie and freddie.

http://www.youtube.com/watch?v=_MGT_cSi7Rs

Baby I'll be there to take your hand,
Baby I'll be there to share the land
That they'll be giving away, when we all live together.

So, in the exchange with "Joe the plumber" we find out that Obama really is as radical as his early political acquaintances, and is into the failed economic policy of wealth redistribution. Yahoo, back to the 70's we go! So now we know that an Obama presidency really would be as if it were Carter's lost second term after all.

Obama's view of the future of America - Socialism which is the next step to Communism!!


Under socialism a ruling class of intellectuals, bureaucrats and social planners decide what people want or what is good for society and then use the coercive power of the State to regulate, tax, and redistribute the wealth of those who work for a living. In other words, socialism is a form of legalized theft.

The morality of socialism can be summed-up in two words: envy and self-sacrifice. Envy is the desire to not only possess another's wealth but also the desire to see another's wealth lowered to the level of one's own. Socialism's teaching on self-sacrifice was nicely summarized by two of its greatest defenders, Hermann Goering and Bennito Mussolini. The highest principle of Nazism (National Socialism), said Goering, is: "Common good comes before private good." Fascism, said
Mussolini, is "a life in which the individual, through the sacrifice of his own private interests??realizes that completely spiritual existence in which his value as a man lies."

Socialism is the social system which institutionalizes envy and self-sacrifice: It is the social system which uses compulsion and the organized violence of the State to expropriate wealth from the producer class for its redistribution to the parasitical class.

Despite the intellectuals' psychotic hatred of capitalism, it is the only moral and just social system.

Capitalism is the only moral system because it requires human beings to deal with one another as traders--that is, as free moral agents trading and selling goods and services on the basis of mutual consent.

Capitalism is the only just system because the sole criterion that determines the value of thing exchanged is the free, voluntary, universal judgement of the consumer. Coercion and fraud are anathema to the free-market system.

It is both moral and just because the degree to which man rises or falls in society is determined by the degree to which he uses his mind. Capitalism is the only social system that rewards merit, ability and achievement, regardless of one's birth or station in life.

Yes, there are winners and losers in capitalism. The winners are those who are honest, industrious, thoughtful, prudent, frugal, responsible, disciplined, and efficient. The losers are those who are shiftless, lazy, imprudent, extravagant, negligent, impractical, and inefficient. [What about the role of luck­being in the right place at the right time or the wrong place at the wrong time? R. R. Pope}

Capitalism is the only social system that rewards virtue and punishes vice. This applies to both the business executive and the carpenter, the lawyer and the factory worker.

Tax Revenue is down because we sent 10 million jobs overseas. Duh? The rich? No one has any money to buy their products anymore. People won't go to movies much anymore, no buying expensive organic products, no more new car buying. People are already brewing their own coffee at home. A few business' will do well, bars and fast foods. Even pet stores and pastry shops will suffer until we bring the jobs back.

Tax Revenue is down because we sent 10 million jobs overseas. Duh? The rich? No one has any money to buy their products anymore. People won't go to movies much anymore, no buying expensive organic products, no more new car buying. People are already brewing their own coffee at home. A few business' will do well, bars and fast foods. Even pet stores and pastry shops will suffer until we bring the jobs back.

Bush's Big Rock Candy Mountains

(to the melody of Big Rock Candy Mountains)
Lyrics By WilliamBanzai7


One evening as the DOW went down and the ABX was burning
Down the track came a banker hiking and he said boys I'm not turning
I'm headin for a land that's far away from Wall Street's crystal towers
So come with me we'll go and see the Bush's Big Rock Candy Mountains

In Bush's Big Rock Candy Mountains there's a land that's fair and bright
Where the handouts grow from the bailout pros and you sleep sound every night
Where the ABS books are all empty and the sun shines every day
On the birds and the bees and the bonus trees
Where the perrier springs where the squawk box sings
In the Bush's Big Rock Candy Mountains

In Bush's Big Rock Candy Mountains all the regulators have wooden legs
And the shorts all have rubber teeth and the taxpayers lay golden eggs
The traders books are full of fruit and the bankers play all day
Oh, I'm bound to go where there ain't no snow
Where the rain don't fall and the wind don't blow
In Bush's Big Rock Candy Mountains

In Bush's Big Rock Candy Mountains you never sell your stocks
And the glimmering streams of origination fees come a-trickling down the rocks
The enforcers have to tip their hats and the bears and shorts are banned
There's a lake of stew and of champagne too
You can sail all around 'em in your custom yachts
In Bush's Big Rock Candy Mountains

In Bush's Rock Candy Mountains white collar jails are made of tin
And you can walk right out again as soon as you are in
There ain't no short handled shovels, no axes saws or picks
I'm a goin to stay where you sleep all day
Where they hung that jerk from Berkshire Hathaway
In Bush's Big Rock Candy Mountains

I'll see you all this coming fall in Bush's Big Rock Candy Mountains

"Press Releases

AJC Strongly Condemns Rev. Jesse Jackson's Comment on American Jews
October 14, 2008 - New York - The American Jewish Committee (AJC) has condemned the Rev. Jesse Jackson's statement about 'Zionists who have controlled American policy for decades.'
"Rev. Jackson's remarks, which appeared in an interview with the journalist Amir Taheri in today's New York Post, echo classic anti-Semitic conspiracy theories about Jewish power," said AJC Executive Director David A. Harris. 'This statement, regrettably, is not the first troubling comment by Rev. Jackson regarding Israel, Zionism and the Jewish people.'

Arguing as a private citizen that an Obama administration could bring significant change to U.S. foreign policy, Jackson was quoted as saying that "Zionists who have controlled American policy for decades" would lose much of their influence should Senator Obama be elected president."


http://www.ajc.org/site/apps/nlnet/content2.aspx?c=ijITI2PHKoG&b=849241&ct=6107743

And people are upset about raciest comments some in the crowd are allegedly saying at Palin events? Isn't this the same Democrat leader who once called New York "Hymietown"?

As Phil Gramm said, "they'er just a bunch of whiners"