July 6, 2009 archive

Robust $350 Billion Bush tax cut for rich passed 51-49 in Senate in 2003.

Crossposted at daily kos

     Now that Sen. Schumer has called for a Public Option in health care reform or something like it, we have to make sure we get a Robust Public Option, and not just something like it.

     While you are calling and writing your congressional representatives, here is something to remind them of.


Senate Narrowly Passes $350 Billion Tax Cut

Friday, May 16, 2003

WASHINGTON –  The Senate, in an attempt to revive a laggard economy, narrowly passed President Bush’s $350 billion package of tax cuts Thursday, which includes suspending all taxes on stock dividends for the next three years.

Passed on a 51-49 mostly party-line vote, the Republican bill is less than half the size Bush originally sought — but one that advances previously scheduled reductions in income-tax rates, provides $20 billion in new aid to state and local governments and raises taxes for a few.

    Somehow our Congress found the votes for this. Somehow they found the money for it too. Consider this your Democratic Talking Point for the day.

In these last of Days: Grampy Do

Grampy did to his complete approval a spectacular fireworks display after a wonderful family cookout and completing plans to bug out for the annual spiritual retreat.  I sorted out real South Carolina fireworks on the bed of a Chevy pickup, something I have not done for five solid years.   Grampy is after all the Captain Insaneo of pyrotechnics and only came out of hiding for the benefit of this last generation, to show him what it “once” was.

Overnight Caption Contest

Pique the Geek 20090705: The Art and Science of Fireworks

Since yesterday was Independence Day and many of us saw a fireworks display, shot off our own fireworks, or both, I thought it would be timely to describe how fireworks actually work.  All fireworks have one thing in common:  they give off heat from some sort of chemical reaction.

Most fireworks also give off light, and most also emit some sort of sound.  Notable exceptions to this are sparklers which have little sound, smoke “bombs”, and the large set pieces that display shapes like an American flag or some such.  We shall focus on the ones that give off light and sound.

The Only Sound We’ll Hear

The New York Stock Exchange let it be known last week that it would no longer require companies to report all of their program trading–an outrage that enables large investment banks, particularly Goldman Sachs, to shield themselves from public scrutiny.  

Matt Tiabbi  . . .

This is quiet obviously a move designed to make it even more impossible to track what’s going on in the NYSE and shield, in particular, Goldman Sachs.  The move is designed to protect investment banks from bloggers who are exposing the companies’ stock market manipulations.  Goldman Sachs is singled out because the investment bank’s share of principal NYSE trading has gone from 27 percent at the end of 2008 to fully 50 percent of trades in recent months.

For some bizarre reason, Danps at FDL seems to think that Goldman Sachs taking over the Obama Administration and Wall Street and God only knows what else might not be a good development.  He’s asking Is the Left Being Too Easy on the President? . . .

Maybe some of the president’s supporters prefer to turn a blind eye towards a scathing indictment of a company whose employees have lavishly funded the president and with whom he appears to enjoy a warm relationship.  If so it is troubling.

This is far beyond troubling.  But the response of far too many progressives is typical.  The same progressives who opposed Impeachment are blindly supporting Obama and ignoring the reeking stench of Goldman Sachs that’s hanging over Obama’s White House.  They like to call themselves “realists.”  They’ve had plenty of practice at that, it’s been their standard response every time other progressives take a stand for progressive principles and ask them why they won’t.      

Considered Forthwith: House Select Committee on Energy Independence and Global Warming

Welcome to the 15th installment of “Considered Forthwith.”

This weekly series looks at the various committees in the House and the Senate. Committees are the workshops of our democracy. This is where bills are considered, revised, and occasionally advance for consideration by the House and Senate. Most committees also have the authority to exercise oversight of related executive branch agencies.

Today, I will look at the House Select Committee on Energy Independence and Global Warming. This select committee was formed in March, 2007 after the Democrats took control of Congress to study policies intended to reduce America’s dependence on fossil fuels, especially oil from overseas, and reduce greenhouse gasses.

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