What Is Wrong With America ?

[P@triot]

First of all, since we are the world's premier superpower and the world's premier nuclear superpower, who in the hell is going to detonate 4,000 EMP's across America? There isn't a nation-state in the world that would even think about executing something like that. They would be nuked out of existence before lunch time.

That's an easy question. Millions of Islamist jihadist lunatics that's who. To whom mutual deterrence doesn't exist because those loons don't care about dying. In fact they kind of like the idea. Get's them quicker to the 72 virgins in their afterlife paradise. They still haven't heard that the Koran- Hadith guy got it wrong. Actually, it was ONE virgin, 72 years old.

You continue to illustrate your ignorance on so many different levels. First of all, if you had read the entire post in full, you would have seen that I addresses terrorists in my next paragraph. You have to read junior. Like all idiot liberals you fly off the handle half-cocked before finishing and comprehending what was written.

There is no terrorist organization in the world (including Al Qaeda) with the finances, man power, and capabilities to smuggle 4,000 EMP's into the U.S. and detonate them. There simply isn't and even a buffoon realizes this. You're literally so desperate to justify you're unconstitutional liberal bullshit that you're creating an impossible scenario to justify it.

Another answer is that there need not be ANYONE detonating anything. An EMP can result from a solar flare, entirely by nature.

Once again, that's not an "answer". That's the absurd scenario of a desperate liberal trying to justify unconstitutional government. In the entire existence of electrical history we have never experienced a solar flare which created an EMP strong enough to knockout out any electrical device. But because liberal-boy here needs something to justify his unconstitutional position, we're suddenly going to have this global solar flare which will send just the U.S. (not our enemies of course) back to the stone ages... :esua_doh:

So what does that leave? Terrorist organizations without a nation to nuke. Not even Al Qaeda has the finances, resources, and most importantly - people to detonate 4,000 EMP's coast-to-coast. Basically, they would be able detonate one EMP in one city. Hardly enough to to make America blink much less "knock us back into the 19th century". Would have no more effect on our nation than 9/11. So your literally attempting to create the most absurd and bizarre scenario to justify your unconstitutional position. Sorry, you have to do better than that.

Doesn't sound like you know what you're talking about. Sure I could do the work of scrounging up the numbers to show what I'm saying, but suffice it to say that if you clicked the links I provided, you'd know that dozens (if not hundreds) of members of Congress and scientists are scrambling right now to put preventive measures together in a hurry. They're taking it very seriously, and I suspect they know more than you do. No offense, but I'll go with their assessment, and pass on yours.

You mean the people who have the most to gain are "scrambling"?!? Gasp! Eek! Unfortunately for you junior I know exactly what I'm talking about. The fact that you consider Congress reliable on this (or any other issue really) reliable is fall-down hilarious and it really illustrates the depth of you're immaturity and naïveté. These are the same people who said we needed to pass Obamacare before they could find out what is in it. The same people who vote on bills without ever having read them (and dirtbag former Congressman Anthony Weiner is on record admitting as much). The same people who exempt themselves from the shitty laws they pass. The same people who get extraordinarily wealthy off the laws they pass which they didn't read before passing.

You're like a child. You're ignorant of the facts, blindly devoted to people who piss all over you, and make up wild fantasies to justify your absurd positions.

Secondly, regarding your second point, like most unhinged and uninformed liberals, you cite local issues (damns, levees, security for both, etc.) as justification for raising taxes at the federal level. Sorry, doesn't work. Again, you have to do better than that.

Sorry. It works. And I'm not a liberal. And next to my REAL Conservatism, you might come out looking like a cross between Nancy Pelosi and Al Sharpton.

"Sorry, it works"? The fact that you're incapable of articulating how "it works" (while I was clearly able to articulate how it doesn't) is proof that you're wrong and you know it. You can't cite local responsibilities as reasons for raising federal taxes junior. The fact that you don't even understand the different levels of government and their responsibilities is evidence of what a buffoon you are and indisputable evidence that you are not qualified for this conversation.

And how funny is it that you feel the need to convince people you're a conservative because you're desperate for credibility? You a full-fledged, die-hard, ignorant liberal junior. You don't understand the different levels of government, you want the federal government controlling everything, you want to raise taxes so the federal government can control everything, you're fiercely racist, and you're fiercely envious of wealthy people because you've been a failure in life.

If you want to raise taxes at the local level, I support you 100%. Go for it junior! Just know that your city will end up like Detroit - a bankrupt, 3rd world shit-hole. But the fact remains, federal taxes desperately need to be cut deeply.

To say that "federal taxes desperately need to be cut" , is like saying a dying cancer victim needs to be slapped around. Have you been out in the sun too long, or worse yet, listening to some old Ronald Reagan audio tapes ? Pheeeeww!! (high-pitched whistle)

As I've already stated, Detroit, California, Cuba, the former U.S.S.R., Cambodia, Vietnam, etc. have all proven that you're ignorant and I'm right. The economic policies that you support are failed policies. And you know it too - which is why you're incapable of defending them. Unlike you junior, I was there when Ronald Reagan took over the worst economy in U.S. history and created an economic tidal wave which last 30 years until the policies you support crashed everything.

The fact is, "trickle down" is just the libtard name for capitalism. It is a proven, flawless system. Reagan took over the second worst economy in U.S. history and created an economic tidal wave which the nation rode for about 30 years (until Clinton's ignorant socialist policies finally collapsed the tidal wave).

Man, have they ever got you programmed. Didn't I educate you on this previoulsy with BLS and BEA stats ? Sure I did in Post # 1208. You're one of thise guys who doesn't pay attention, huh ? Have to be told multiple times. OK> Here we go again >>

Reagan/Bush and their 28-31% tax on the rich created an economic recession in 1991 (GDP growth > MINUS 3.5%, only to be rescued by Clinton's tax increase, and resulting economic boom years during the 90s. A quick look at the GDP and job growths tell the story clearly. Click the link and set the drop down menu to 1990 and 1995.

In other words, you're a government dependent and you're scared shitless every day that you're going to lose your gravy train and that you might actually have to support yourself.

Poor people don't create jobs. Ever. Wealthy people do. The more you tax and punish them, the less they will have to invest in the economy. Detroit (bankrupt) proved that you're wrong and I am right. California ($70 billion in debt) proved that you're wrong and I am right. Cuba (60 years of perpetual poverty) proved that you're wrong and I am right.

Poor people absolutely DO create jobs (AMERICAN poor that is) if you give them more money

I've never seen a poor person yet who signed a check for an employee. And if you're asinine theory was correct, why don't we just give poor people $1 trillion dollars and then unemployment will be 0% (by your own asinine and absurd theory).

Here's an idea - why don't we make dependent, lazy, useless asshats like you earn money rather than giving it to them?

Rich people don't invest in the economy.

Really asshat? So Bill Gates didn't hire over 100,00 people at Microsoft? Likewise for Steve Jobs at Apple? And neither invested in stocks and funds outside of their own companies? Really?

Could you possibly be any more of an ignorant asshole? The things you say are so fuck'n stupid it defies reality.

 

[P@triot]

Rich people don't invest in the economy. During the height of the recent recession they had plenty of money. And what did they do with it ? Nothing. Time and time again, it's been shown that tax cuts on the rich = economy tank.

I started my business in the Reagan years and can say for a fact that you are full of it. You can quote mine from leftist websites all day long but the fact is that the economy went up, way up under "Reaganomics" after Carter's dismal failure. Why would any rich capitalist invest in opportunities when they know that an unfavorable climate is being created with unknown consequences. You wrap lies around lies and have nothing but propaganda to offer.

How many years were you in business anyway?

He's a typical liberal government dependent and he's scared shitless like a little girl that his government gravy train might end - hence is idiot liberal call to "get the rich" and take their money. He's a useless asshole.

 

[Iceweasel]

You figured WRONG, again. I told you I already posted it. You going blind ? 3 links are in Post # 1208, one more in # 1346, and 2 more in Post # 1361.

No need to apologize. I don't accept them. Apologies are for the benefit of the apologizer. A self-serving act, for you to try to get off the hook. You're on the hook.

Read the thread before shooting your mouth off, blockhead!

It isn't in the post I responded to. You are dishonest. Posting links in another post to someone else, that may or may not make your case doesn't cut it. Blockhead.

It would have been even easier to just post the link. Your kind always lies.

Nice dodge attempt. You come tumbling into the thread oblivious to everything that's been said, and then expect everyone to start posting all over again, just for you. When you're late, you adjust to the thread and the posters in it, all along. We don't adjust for you, Blockhead! Read the thread, or stay out of it. Apology not accepted.

No one appologized, where did you see those words? You asserted stats and still haven't supported them. I called your bluff so now all we get is a smokescreen. Your type always lies because they have to to convince themselves. Your rhetoric and dodges are empty. Like your head.

 

[Iceweasel]

He's a typical liberal government dependent and he's scared shitless like a little girl that his government gravy train might end - hence is idiot liberal call to "get the rich" and take their money. He's a useless asshole.

Yeah, he's addicted to other people's money (OPM). The most powerful intoxicant known to man.

The thing that gets me about his type is that they think they're smart and can dance around inconvienient facts and throw out assertions to be taken for Gospel.

 

[dcraelin]

the following comes from

Bill Quigley Law Professor, Loyola University New Orleans, CCR Associate Legal Director

Here are the top 10 examples of corporate welfare and welfare for the rich. There are actually thousands of tax breaks and subsidies for the rich and corporations provided by federal, state and local governments, but these 10 will give a taste.

1. State and local subsidies to corporations: An excellent New York Times study by Louise Story calculated that state and local government provide at least $80 billion in subsidies to corporations. Over 48 big corporations received over $100 million each. GM was the biggest, at a total of $1.7 billion extracted from 16 different states, but Shell, Ford and Chrysler all received over $1 billion each. Amazon, Microsoft, Prudential, Boeing and casino companies in Colorado and New Jersey received well over $200 million each.

2. Direct federal subsidies to corporations: The Cato Institute estimates that federal subsidies to corporations cost taxpayers almost $100 billion every year.

3. Federal tax breaks for corporations: The tax code gives corporations special tax breaks that have reduced what is supposed to be a 35-percent tax rate to an actual tax rate of 13 percent, saving these corporations an additional $200 billion annually, according to the U.S. Government Accountability Office.

................

10. There are thousands of smaller special breaks for corporations and businesses out there. There is a special subsidy for corporate jets, which cost taxpayers $3 billion a year. The tax deduction for second homes costs $8 billion a year. Fifty billionaires received taxpayer-funded farm subsidies in the past 20 years.


Ten Examples of Welfare for the Rich and Corporations*|&nbspBill Quigley

 

[BlackSand]

the following comes from

Bill Quigley Law Professor, Loyola University New Orleans, CCR Associate Legal Director

Here are the top 10 examples of corporate welfare and welfare for the rich. There are actually thousands of tax breaks and subsidies for the rich and corporations provided by federal, state and local governments, but these 10 will give a taste.

1. State and local subsidies to corporations: An excellent New York Times study by Louise Story calculated that state and local government provide at least $80 billion in subsidies to corporations. Over 48 big corporations received over $100 million each. GM was the biggest, at a total of $1.7 billion extracted from 16 different states, but Shell, Ford and Chrysler all received over $1 billion each. Amazon, Microsoft, Prudential, Boeing and casino companies in Colorado and New Jersey received well over $200 million each.

2. Direct federal subsidies to corporations: The Cato Institute estimates that federal subsidies to corporations cost taxpayers almost $100 billion every year.

3. Federal tax breaks for corporations: The tax code gives corporations special tax breaks that have reduced what is supposed to be a 35-percent tax rate to an actual tax rate of 13 percent, saving these corporations an additional $200 billion annually, according to the U.S. Government Accountability Office.

................

10. There are thousands of smaller special breaks for corporations and businesses out there. There is a special subsidy for corporate jets, which cost taxpayers $3 billion a year. The tax deduction for second homes costs $8 billion a year. Fifty billionaires received taxpayer-funded farm subsidies in the past 20 years.


Ten Examples of Welfare for the Rich and Corporations*|&nbspBill Quigley

9. Huge corporations that engage in criminal or other wrongful activities protect their leaders from being prosecuted by paying huge fees or fines to the government.
You and I would be prosecuted. These corporations protect their bosses by paying off the government.
For example, Reuters reported that JPMorgan Chase, which made a preliminary $13-billion mortgage settlement with the U.S. government, is allowed to write off a majority of the deal as tax deductible, saving the corporation $4 billion.

 

[Iceweasel]

the following comes from

Bill Quigley Law Professor, Loyola University New Orleans, CCR Associate Legal Director

Here are the top 10 examples of corporate welfare and welfare for the rich. There are actually thousands of tax breaks and subsidies for the rich and corporations provided by federal, state and local governments, but these 10 will give a taste.

Thanks for the teaser but if you want to combat government cronyism bigger government is the wrong way to do it. That said...

1. State and local subsidies to corporations: An excellent New York Times study by Louise Story calculated that state and local government provide at least $80 billion in subsidies to corporations. Over 48 big corporations received over $100 million each. GM was the biggest, at a total of $1.7 billion extracted from 16 different states, but Shell, Ford and Chrysler all received over $1 billion each. Amazon, Microsoft, Prudential, Boeing and casino companies in Colorado and New Jersey received well over $200 million each.

2. Direct federal subsidies to corporations: The Cato Institute estimates that federal subsidies to corporations cost taxpayers almost $100 billion every year.

That may or may not be a problem, broad brushing it doesn't shed light on anything in particular. What the author hasn't factored in to the equation is how many jobs those companies provide for the locale. That's a lot of people making and spending money providing taxes for the city, county, state and federal governments. IF they are subsidized more than the government rakes in, that would be a problem. If not, anytime you spend money to make money it's a good business deal.

3. Federal tax breaks for corporations: The tax code gives corporations special tax breaks that have reduced what is supposed to be a 35-percent tax rate to an actual tax rate of 13 percent, saving these corporations an additional $200 billion annually, according to the U.S. Government Accountability Office.

35% is the highest in the world. Only American liberals think that's going to help anyone.

................

10. There are thousands of smaller special breaks for corporations and businesses out there. There is a special subsidy for corporate jets, which cost taxpayers $3 billion a year. The tax deduction for second homes costs $8 billion a year. Fifty billionaires received taxpayer-funded farm subsidies in the past 20 years.


Ten Examples of Welfare for the Rich and Corporations*|&nbspBill Quigley

Huffington huh? Now there's a scholarly source. There's a lot of corruption in government but it doesn't do any good to look at one aspect of anything. The article was obviously designed for a target audience for emotional appeal.

 

[Redfish]

the following comes from

Bill Quigley Law Professor, Loyola University New Orleans, CCR Associate Legal Director

Here are the top 10 examples of corporate welfare and welfare for the rich. There are actually thousands of tax breaks and subsidies for the rich and corporations provided by federal, state and local governments, but these 10 will give a taste.

1. State and local subsidies to corporations: An excellent New York Times study by Louise Story calculated that state and local government provide at least $80 billion in subsidies to corporations. Over 48 big corporations received over $100 million each. GM was the biggest, at a total of $1.7 billion extracted from 16 different states, but Shell, Ford and Chrysler all received over $1 billion each. Amazon, Microsoft, Prudential, Boeing and casino companies in Colorado and New Jersey received well over $200 million each.

2. Direct federal subsidies to corporations: The Cato Institute estimates that federal subsidies to corporations cost taxpayers almost $100 billion every year.

3. Federal tax breaks for corporations: The tax code gives corporations special tax breaks that have reduced what is supposed to be a 35-percent tax rate to an actual tax rate of 13 percent, saving these corporations an additional $200 billion annually, according to the U.S. Government Accountability Office.

................

10. There are thousands of smaller special breaks for corporations and businesses out there. There is a special subsidy for corporate jets, which cost taxpayers $3 billion a year. The tax deduction for second homes costs $8 billion a year. Fifty billionaires received taxpayer-funded farm subsidies in the past 20 years.


Ten Examples of Welfare for the Rich and Corporations*|&nbspBill Quigley

9. Huge corporations that engage in criminal or other wrongful activities protect their leaders from being prosecuted by paying huge fees or fines to the government.
You and I would be prosecuted. These corporations protect their bosses by paying off the government.
For example, Reuters reported that JPMorgan Chase, which made a preliminary $13-billion mortgage settlement with the U.S. government, is allowed to write off a majority of the deal as tax deductible, saving the corporation $4 billion.

Sorry, sands, but you are wrong on this one. Sarbanes/Oxley (a law that corporations hate) creates personal liability for corporate officers if they engage in any financial manipulations that are illegal. The law requires quarterly statements signed by the CEO and CFO. They become personally liable when they affix their signatures to those documents. I know, I signed them.

 

[dblack]

2. Direct federal subsidies to corporations: The Cato Institute estimates that federal subsidies to corporations cost taxpayers almost $100 billion every year.

That may or may not be a problem, broad brushing it doesn't shed light on anything in particular. What the author hasn't factored in to the equation is how many jobs those companies provide for the locale. That's a lot of people making and spending money providing taxes for the city, county, state and federal governments. IF they are subsidized more than the government rakes in, that would be a problem. If not, anytime you spend money to make money it's a good business deal.

I couldn't disagree more. This kind of quid pro quo arrangement is the heart of crony capitalism.

 

[Indeependent]

the following comes from

Bill Quigley Law Professor, Loyola University New Orleans, CCR Associate Legal Director

Here are the top 10 examples of corporate welfare and welfare for the rich. There are actually thousands of tax breaks and subsidies for the rich and corporations provided by federal, state and local governments, but these 10 will give a taste.

1. State and local subsidies to corporations: An excellent New York Times study by Louise Story calculated that state and local government provide at least $80 billion in subsidies to corporations. Over 48 big corporations received over $100 million each. GM was the biggest, at a total of $1.7 billion extracted from 16 different states, but Shell, Ford and Chrysler all received over $1 billion each. Amazon, Microsoft, Prudential, Boeing and casino companies in Colorado and New Jersey received well over $200 million each.

2. Direct federal subsidies to corporations: The Cato Institute estimates that federal subsidies to corporations cost taxpayers almost $100 billion every year.

3. Federal tax breaks for corporations: The tax code gives corporations special tax breaks that have reduced what is supposed to be a 35-percent tax rate to an actual tax rate of 13 percent, saving these corporations an additional $200 billion annually, according to the U.S. Government Accountability Office.

................

10. There are thousands of smaller special breaks for corporations and businesses out there. There is a special subsidy for corporate jets, which cost taxpayers $3 billion a year. The tax deduction for second homes costs $8 billion a year. Fifty billionaires received taxpayer-funded farm subsidies in the past 20 years.


Ten Examples of Welfare for the Rich and Corporations*|&nbspBill Quigley

9. Huge corporations that engage in criminal or other wrongful activities protect their leaders from being prosecuted by paying huge fees or fines to the government.
You and I would be prosecuted. These corporations protect their bosses by paying off the government.
For example, Reuters reported that JPMorgan Chase, which made a preliminary $13-billion mortgage settlement with the U.S. government, is allowed to write off a majority of the deal as tax deductible, saving the corporation $4 billion.

Sorry, sands, but you are wrong on this one. Sarbanes/Oxley (a law that corporations hate) creates personal liability for corporate officers if they engage in any financial manipulations that are illegal. The law requires quarterly statements signed by the CEO and CFO. They become personally liable when they affix their signatures to those documents. I know, I signed them.

Getting back to reality...
How many times has S/O actually been applied in the JP Morgan Mega-Corporate situation?

 

[Redfish]

9. Huge corporations that engage in criminal or other wrongful activities protect their leaders from being prosecuted by paying huge fees or fines to the government.
You and I would be prosecuted. These corporations protect their bosses by paying off the government.
For example, Reuters reported that JPMorgan Chase, which made a preliminary $13-billion mortgage settlement with the U.S. government, is allowed to write off a majority of the deal as tax deductible, saving the corporation $4 billion.

Sorry, sands, but you are wrong on this one. Sarbanes/Oxley (a law that corporations hate) creates personal liability for corporate officers if they engage in any financial manipulations that are illegal. The law requires quarterly statements signed by the CEO and CFO. They become personally liable when they affix their signatures to those documents. I know, I signed them.

Getting back to reality...
How many times has S/O actually been applied in the JP Morgan Mega-Corporate situation?

If they complied with the law, those documents should be on file and available to DOJ. I have no way of knowing if they followed the law, are you claiming that they didn't?

Your real question is why haven't they been prosecuted.

 

[Iceweasel]

2. Direct federal subsidies to corporations: The Cato Institute estimates that federal subsidies to corporations cost taxpayers almost $100 billion every year.

That may or may not be a problem, broad brushing it doesn't shed light on anything in particular. What the author hasn't factored in to the equation is how many jobs those companies provide for the locale. That's a lot of people making and spending money providing taxes for the city, county, state and federal governments. IF they are subsidized more than the government rakes in, that would be a problem. If not, anytime you spend money to make money it's a good business deal.

I couldn't disagree more. This kind of quid pro quo arrangement is the heart of crony capitalism.

Greed is the heart of theft so let's outlaw greed. I'd be all for crony capitalism if it benefitted the people, the problem is that it benefits a few. That's where the problem lies, not everything else.

 

[Uncensored2008]

Getting back to reality...
How many times has S/O actually been applied in the JP Morgan Mega-Corporate situation?

It's called "SOX."

And it is applied every day. I'm going through a SOX audit as we speak. I have logs dumping for the auditor as I type this post. SOX costs hundreds of billions each year.

 

[Redfish]

Getting back to reality...
How many times has S/O actually been applied in the JP Morgan Mega-Corporate situation?

It's called "SOX."

And it is applied every day. I'm going through a SOX audit as we speak. I have logs dumping for the auditor as I type this post. SOX costs hundreds of billions each year.

Yep, been there, done that.

 

[dcraelin]

the following comes from

Bill Quigley Law Professor, Loyola University New Orleans, CCR Associate Legal Director

Here are the top 10 examples of corporate welfare and welfare for the rich. There are actually thousands of tax breaks and subsidies for the rich and corporations provided by federal, state and local governments, but these 10 will give a taste.

Thanks for the teaser but if you want to combat government cronyism bigger government is the wrong way to do it. That said...

Teaser? I said nothing about bigger government

1. State and local subsidies to corporations: An excellent New York Times study by Louise Story calculated that state and local government provide at least $80 billion in subsidies to corporations. Over 48 big corporations received over $100 million each. GM was the biggest, at a total of $1.7 billion extracted from 16 different states, but Shell, Ford and Chrysler all received over $1 billion each. Amazon, Microsoft, Prudential, Boeing and casino companies in Colorado and New Jersey received well over $200 million each.
2. Direct federal subsidies to corporations: The Cato Institute estimates that federal subsidies to corporations cost taxpayers almost $100 billion every year.

That may or may not be a problem, broad brushing it doesn't shed light on anything in particular. What the author hasn't factored in to the equation is how many jobs those companies provide for the locale. That's a lot of people making and spending money providing taxes for the city, county, state and federal governments. IF they are subsidized more than the government rakes in, that would be a problem. If not, anytime you spend money to make money it's a good business deal.

the Broad brush is well deserved, virtually none of these deals make money for the governments that are cajoled into them. It amounts to pork, plain and simple. It is not the governments role to subsidize business regardless if it theoretically would bring them more taxes. "economic development" in this country is a pathetic joke.

3. Federal tax breaks for corporations: The tax code gives corporations special tax breaks that have reduced what is supposed to be a 35-percent tax rate to an actual tax rate of 13 percent, saving these corporations an additional $200 billion annually, according to the U.S. Government Accountability Office.

35% is the highest in the world. Only American liberals think that's going to help anyone.......

keep seeing people say that but then they don't like European personal tax rates or VAT either so the argument is a bit disingenuous.

10. There are thousands of smaller special breaks for corporations and businesses out there. There is a special subsidy for corporate jets, which cost taxpayers $3 billion a year. The tax deduction for second homes costs $8 billion a year. Fifty billionaires received taxpayer-funded farm subsidies in the past 20 years.


Ten Examples of Welfare for the Rich and Corporations*|&nbspBill Quigley

Huffington huh? Now there's a scholarly source. There's a lot of corruption in government but it doesn't do any good to look at one aspect of anything. The article was obviously designed for a target audience for emotional appeal.

Huffington just reported the work of Bill Quigley Law Professor, Loyola University New Orleans.

 

[Iceweasel]

Teaser? I said nothing about bigger government

the Broad brush is well deserved, virtually none of these deals make money for the governments that are cajoled into them. It amounts to pork, plain and simple. It is not the governments role to subsidize business regardless if it theoretically would bring them more taxes. "economic development" in this country is a pathetic joke.

Wrong. It's working sucessfully all over the country. Washington had to sweeten the pot to get Boeing to stay or they were leaving. How did that not work out for the local and state economy?

keep seeing people say that but then they don't like European personal tax rates or VAT either so the argument is a bit disingenuous.

Huh?

Huffington just reported the work of Bill Quigley Law Professor, Loyola University New Orleans.

Law professor, not economist. There's a reason a liberal website posted it, that's the point.

 

[BlackSand]

9. Huge corporations that engage in criminal or other wrongful activities protect their leaders from being prosecuted by paying huge fees or fines to the government.
You and I would be prosecuted. These corporations protect their bosses by paying off the government.
For example, Reuters reported that JPMorgan Chase, which made a preliminary $13-billion mortgage settlement with the U.S. government, is allowed to write off a majority of the deal as tax deductible, saving the corporation $4 billion.

Sorry, sands, but you are wrong on this one. Sarbanes/Oxley (a law that corporations hate) creates personal liability for corporate officers if they engage in any financial manipulations that are illegal. The law requires quarterly statements signed by the CEO and CFO. They become personally liable when they affix their signatures to those documents. I know, I signed them.

I just thought it was shortsighted to mention points 1,2,3 and 10 and leave out point 9 from the same article.
If it is understood that protection from the government by bribing the government is the focus of Point 9 ... Then that would be sort of self defeating in suggesting the government could be trusted doing anything.

The points were pretty much a collage of varied sources presenting a plethora of self serving opinions.
I just thought it was necessary to point out that even with scrutiny towards the guilty parties the author chose to present ... The government and their kickbacks ranked right up there at the top.
Add the fact that Point 9 article mentioned JP Morgan settling with the government which would not be illegal in the first place ... And Sarbanes/Oxley doesn't apply.

.

 

[Contumacious]

Huge corporations that engage in criminal or other wrongful activities protect their leaders from being prosecuted by paying huge fees or fines to the government. ...... JPMorgan Chase, which made a preliminary $13-billion mortgage settlement with the U.S. government, is allowed to write off a majority of the deal as tax deductible, saving the corporation $4 billion.

Incorrect.

Chase did not commit a "crime" upon which the federal government has jurisdiction so Chase did the right thing by defending him:

Resolved that, the Constitution of the US. having delegated to Congress a power to punish treason, counterfieting the securities & current coin of the US. piracies & felonies committed on the high seas, and offences against the law of nations, & no other crimes whatsoever,

.

 

[nodoginnafight]

Please be brief. I will briefly state that there probably are 100 things (or more) wrong with America, but I will state just one for now >>

America is too much run by rich people. Members of Congress, the President and Vice-President, and members of the Supreme Court are generally all rich people. What do they know about middle class, lower middle class, and poor people's lives ? How can they make decisions about things they have no experience with, or have long forgotten from years past ? When have these people ever been unemployed, and out looking for a job, with a wide variety of things being used against them ? (credit reports, smear talk from former employers often untrue, etc). The last time I applied for a job I was told I would never get hired because employers require RECENT employment in that job occupation (within last 2 years). There's probably a long list of ways people can be denied a job, that shouldn't exist, and don't make sense.

IMHO: The biggest problem with America right now is the debt.

 

[Contumacious]

Please be brief. I will briefly state that there probably are 100 things (or more) wrong with America, but I will state just one for now >>

America is too much run by rich people. Members of Congress, the President and Vice-President, and members of the Supreme Court are generally all rich people. What do they know about middle class, lower middle class, and poor people's lives ? How can they make decisions about things they have no experience with, or have long forgotten from years past ? When have these people ever been unemployed, and out looking for a job, with a wide variety of things being used against them ? (credit reports, smear talk from former employers often untrue, etc). The last time I applied for a job I was told I would never get hired because employers require RECENT employment in that job occupation (within last 2 years). There's probably a long list of ways people can be denied a job, that shouldn't exist, and don't make sense.

IMHO: The biggest problem with America right now is the debt.

The people who created the debt are still in power. The parasites who are addicted to the debt vote early and often.

.