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[Marxism] More of My Favorite Articles
In this weekend's WSJ.com:
1. Fed Chairman's boyhood home in Dillon, South Carolina bought in a
foreclosure sale. Dillon SC has a poverty rate twice the national average,
along with an unemployment rate twice the national average.
2. Governor Mark Sanford of the very same South Carolina considers refusing
stimulus money from the Federal government as he fears this will convert the
hard-working but unemployed people of his state into dependents of a
"savior-based" economy.
3. Obama now turns to fiscal responsibility, to reduce the estimated $2
trillion deficit. Hmmh.. so after a stimulus that is 35% tax cuts, that allows
private equity funds to buy-back their own distressed debt and defer paying any
taxes until 2011, and then parcel the payments out over 5 years, now Obama
worries about fiscal responsibility. We know what that means, since, unlike
Clinton, Obama won't impose a tax hike at the start, or anytime during his
administration-- it means cutting spending. Physician, stimulate thyself.
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