January 14, 2006

The Bush Economy at Work

John Perkins, author of the Confessions of an Economic Hit Man, lays out a couple of statistics that shocked me, even knowing how anti-worker, pro-corporation the Bush administration has been.

  • Of the 100 largest economies in the world, 51 are corporations; of those, 47 are U.S.-based.
  • The overall share of federal taxes paid by U.S. corporations is now less than 10 percent, down from 21 percent in 2001 and over 50 percent during World War II; one-third of America's largest and most profitable corporations paid zero taxes -- or actually received credits -- in at least one of the last three years (according to Forbes magazine).

Wow. We Americans are giving rebates to the largest and most profitable corporations in America. So what do you think about that trickle down theory?

Posted by Mary at January 14, 2006 12:06 AM | Economy | Technorati links |
Comments

Trickle down economics have never worked, and will never work. Nixon tried it, same as Reagan, Bush the elder, and now our dear Leader is trying it. Looking back at the economy during their "so called" terms, all they did was to help the top 1% get richer.

Yet today, 35% of Americans are still stupid enough to think that King George is doing a wonderful job. Our economy will continue to go down hill with him in charge. And just wait until 2008 when King George throws out the election, desolves congress and makes himself Dear Leader for life.

Then we can all enjoy the economy we will have.

Posted by: Allen at January 14, 2006 06:54 AM

Allen, trickle-down economics does work. It works exactly as it has always been intended. Profits increasingly flow upward to those at the top. Everyone else gets, uh, trickled on.

Posted by: brad at January 14, 2006 03:08 PM

Perusing your blog, specifically, "Pacific Views", I have arrived at what I believe is a defensible inference. Both you and your readers would welcome news of in-your-face overt opposition to your "smirking chimp", my "dum'ya botch".

In plainer terms, Magie and Mary and Natasha, I want to run for Representative for Pennsylvania's 10th Congressional District on a platform calling for the impeachment of President George Walker Bush.

Incidentally, I deliberately referred to your blog, to indicate that I visited your blog as an individual, and not as a spammer. Yes, that last is an illustion to a "pre-deconstruction" chick flick with a rating of two and a half hankies.

Oh, alright (!) already, I'll own up to it. I owe getting my message out to so many bloggers to COPY/PASTE ... gim'me a break ... will'ya puh-lease! I got to get the word out somehow.

Ah, before you click on any of the enclosed hyperlinks, please read the entirely of my comment. For example, the three planks I nailed together in my platform out to get me elected. "impeach bush" is the first plank. The second is "impeach bush". The third is like the second, "impeach bush".

To continue, the first hyperlink below leads to the opening salvo of my campaign.

http://hewhoisknownassefton.blogspot.com/2006/01/danger-senator-specter-danger.html

As for the second hyperlink, it leads to evidence that my candidacy is about more than opposition solely for the sake of opposition.

http://hewhoisknownassefton.blogspot.com/2006/01/dispelling-stench-in-oval.html

toodles
......\
.he who is known as sefton

oh, by the bye, it's a good guess you'll find what I have to say in PROMETHEAN COMMENT interesting to the point of startling. In that segment, I advance the case that the mere nomination of Judge Alito is tantamount to treason.

Posted by: A Alexander Stella at January 18, 2006 08:37 AM