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Forum Post: Fiscal cliff deal nets the bankster cartels a sweet deal.

Posted 1 year ago on Jan. 3, 2013, 12:09 a.m. EST by Builder (4202)
This content is user submitted and not an official statement

http://truth-out.org/news/item/13648-eight-corporate-subsidies-in-the-fiscal-cliff-bill-from-goldman-sachs-to-disney-to-nascar

Throughout the months of November and December, a steady stream of corporate CEOs flowed in and out of the White House to discuss the impending fiscal cliff. Many of them, such as Lloyd Blankfein of Goldman Sachs, would then publicly come out and talk about how modest increases of tax rates on the wealthy were reasonable in order to deal with the deficit problem. What wasn’t mentioned is what these leaders wanted, which is what’s known as “tax extenders”, or roughly $205B of tax breaks for corporations. With such a banal name, and boring and difficult to read line items in the bill, few political operatives have bothered to pay attention to this part of the bill. But it is critical to understanding what is going on.

I knew there'd be a trade-off. That's why these things happen in the middle of the holiday season. These criminals know how the dice fall, and when to throw them.

23 Comments

23 Comments


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[-] 2 points by lifevest (-4) 1 year ago

How come none of the main stream financial media has this story? Forbes, the Wall Street Journal or any of the liberal U.K. media? Because it just another made up bull shit story from your favorite liberal moron bloggers. Keep drinking the ows koolaid.

[-] 2 points by DKAtoday (33128) from Coon Rapids, MN 1 year ago

Did you know that with a proper quality assurance system - that you can manufacture cement life vests? Is yours? Jump in the water and give it a go.

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[-] 2 points by DKAtoday (33128) from Coon Rapids, MN 1 year ago

Neck anchor - you couldn't help but answer to a useless design? Typical.

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[-] 1 points by DKAtoday (33128) from Coon Rapids, MN 1 year ago

I have never taken anything for free - I have always given the best I have for exchange. Even when my employer was screwing me - it was the work I agreed to and the terms I agreed to - and when I could not live by those terms - I left. Each time hoping to find a righteous employer to continue to work for. But in all of those jobs - I never submitted to harming others.

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[-] 1 points by JesseHeffran (3903) 1 year ago

Why would you let any news agency inform your world view? That's is just drinkin' a different flavor of Koolaid.

Here, this is where the good information is found.

http://thomas.loc.gov/cgi-bin/query/D?c112:5:./temp/~c112JYy1Y7::

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[-] 2 points by Shayneh (-482) 1 year ago

So the queston that has to be asked is

Who in congress were the perps that put these tax breaks for corporations in the bill - someone had to write these and submit them as part of the bill - who were they?

[-] -3 points by Builder (4202) 1 year ago

I'm guessing that information should be available, Shayneh?

If not, then why not? We all know they are all on the take.

I could hear it in Obama's voice when he announce the "agreement" at the "last minute". Such a bunch of shysters.

[-] 1 points by Shayneh (-482) 1 year ago

Well I doubt you will see any names because it is a well kept secret when a line item is placed in a bill, that the person who put that line item in is not identified. That needs to be changed - where is the "transparency" Obama promised?

[-] -2 points by aville (-678) 1 year ago

he never had intent to be tranparent, all talk , all secrecy.

[+] -4 points by Builder (4202) 1 year ago

That is worrying.

The author/s of major changes to your taxation system remain anonymous?

Is that a new thing, or an always been there ruling?

System seems full of holes to me.

[-] 1 points by Shayneh (-482) 1 year ago

It's been like this all of the time to "protect" those who like to spend our money.

[-] 1 points by SparkyJP (1646) from Westminster, MD 1 year ago

U R Right again !! Not only was it a windfall for Wall St.; but the D's played their only hand. When the debt ceiling comes up in a couple of months, the only cards left in the D's hand is SS & medicare. They'll cave on that too; probably by design. See what this progressive says about the deal:

http://current.com/shows/the-young-turks/videos/rep-pete-defazio-biden-is-out-of-touch-on-debt-deal-and-tea-party-dominance

[-] -3 points by Builder (4202) 1 year ago

Thanks for the video.

It came too easy, because this was all scripted and decided upon quite some time ago.

It's surprising that people actually still fall for this kind of BS these days.

I knew as soon as I heard the prez talk about the "deal", I was immediately suspicious. I think all Americans should be too. They aren't the winners here.

[-] 2 points by SparkyJP (1646) from Westminster, MD 1 year ago

It's just like a play or movie. A bad one at that; where even the actors aren't convincing. No matter ................. they know we have no power to do anything about it.

Grover Norquist tweeted:

When Dems wake up they will realize they just made most of the Bush tax cuts permanent and lost their leverage for the next 4 yrs.

[+] -4 points by Builder (4202) 1 year ago

Which leads me to the next question;

What do the rich criminals do with their money when the economy crashes?

The estimated forty trillion US dollars sitting in offshore accounts may end up as useless paper, should the economy tank, and the debt holders try to cash in.

China's economy is slowing, and apart from the fact that pollution is becoming a crippling reality for the growing nation, coal-fired power plants are still being constructed.

Things aren't looking good for a peaceful end to America's status as a world superpower.

[-] 0 points by SparkyJP (1646) from Westminster, MD 1 year ago

There is plenty of places to put money. You can short the stock market, treasuries, if inflation kicks in there's silver & gold, commodities; and there's the foreign exchange markets. There's always a market somewhere; especially when they can go either long or short.

[-] 0 points by beautifulworld (20419) 1 year ago

It is amazing to me how frenetically they discuss raising the income tax on individuals (fighting over $400,000, $450,000, $1,000,000, $250,000, blah, blah, blah) but not one stinking word about corporate taxes. This government and this economic system are a joke.

It's always a ruse. "See. We taxed the rich." They are counting again on the American people being to stupid to see the whole picture.

[-] 6 points by Gillian (1842) 1 year ago

It's truly shameful. Every damn thing in our society is a ruse whether it's food labeling or legislation. Our leaders behave like this and expect other countries around the world to respect us? Their chronic greed and outright deception is not only sinful but it jeopardizes our national safety. They should all be charged with reckless endangerment. If the American people do not make a huge protest in DC SOON and continue to repress their anger, eventually the volcano will blow and we'll end up in another civil war.

[-] 0 points by beautifulworld (20419) 1 year ago

Well said, Gillian.

[-] -3 points by OTP (-203) from Tampa, FL 1 year ago

What do you think will have to happen for that protest to occur? There usually has to be a catalyst for it.

[-] 1 points by Gillian (1842) 1 year ago

All it takes is one person willing to lead the way.

[-] 1 points by DKAtoday (33128) from Coon Rapids, MN 1 year ago

Green energy credit was extended ( one good thing ) - but you are correct the thing that needs addressing is proper taxation of thriving profitable business. That and cutting off subsidies going out to those very profitable business's.

[-] -3 points by OTP (-203) from Tampa, FL 1 year ago

I'd rather give a tax break to Lloyd Braun. Or Lloyd Christmas. Anyone but Lloyd Blankfein!!