Wednesday, May 18, 2011

Recessionomics proving to be a foolish, bad and unnecessary economic power grab by Republicans!

Disaster capitalism is alive…and now public policy. But will voters ever know they’ve been taken?  
Right now the media is portraying the recovery as, believe it or not, an unexpected “windfall.”

But that was the plan…wasn’t it?  
NY Times: From stronger-than-expected tax collections in deficit-ridden California to projected surpluses in struggling states like Michigan and Pennsylvania, a growing number of recession-weary states are finally announcing a bit of good budget news for the first time since the downturn began. So what to make of the better-than-expected tax collections?
Disaster capitalism depends on fabricating an impending crisis, so…
In some states, they are as much a sign that the expectations were too low as they are a sign of vibrant economic growth.
The idea that expectations were too low was ON PURPOSE. We’re in a god damn recovery for Pete’s sake. But the recovery and better times threatens disaster capitalisms reason to shock the country with more draconian cuts.
In some states, the better-than-expected tax collections are complicating the efforts by governors to muscle through politically difficult spending cuts. Michigan. When the state announced that it would probably take in $429 million more than expected this year, some lawmakers suggested that they might not have to make all the deep cuts that Michigan’s governor, Rick Snyder, has proposed for the state’s schools and local governments. But administration officials note that Michigan’s fiscal challenges remain severe — 
Right, of course it's severe, or else Snyder wouldn't be able to keep up the charade. 

No comments:

Post a Comment