Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

Sludge Report #54 – The Art Of Taking

In This Edition: Taking, Dubya Shows Us How It’s Done - And So Sludge Wonders

NOTE: Authors of this report will be anonymous and wide ranging, and occasionally finely balanced. Indeed you are invited to contribute: The format is as a reporters notebook. It will be published as and when material is available. C.D. Sludge can be contacted at sludge@scoop.co.nz. The Sludge Report is available as a free email service..Click HERE - http://www.scoop.co.nz/mason/myscoop/ to subscribe...

Taking, Dubya Shows How It’s Done

Do the maths.

One per cent, 1%, of the United States of America’s population are to receive 40% of the benefit from US President George “Dubya” Bush’s USD$1.6 trillion tax cut plan.

1% of 280 million people is 2.8 million people, roughly three quarters of the population of New Zealand or Sydney.

George Dubya Bush’s tax cut plan will give these people, the richest people in the richest country in the world, an average USD$229,000 (NZD$571,000) each. That is half a million NZ Dollars each.

The remaining 99% of the population, or 277 million people, will receive an average $5776 each.

If hawkish elements in the Republican Party get their way then the tax cut could be increased to USD$2.3 trillion.

In which case the richest one in every 100 people will receive an average USD$329,000 each (NZD$822,000 each), and the other 99 an average $8259 each.

Now obviously these 1% of the population vote Republican, so it is easy to see how this tax cut can be sold to them.

But Sludge wonders about the other 99% of the population? Why is it that as far as Sludge can see the Republican’s are being allowed to promote this as a “tax cut for the ordinary working man”.

George Bush was pushed toward the White House by his father’s friends, and then Dubya’ed into power through the US Supreme Court, for one reason, and one reason only.

To push through this tax cut.

George Dubya Bush’s job – agenda - is to take from the poor and give to the rich.

That this is so is seen most clearly in the indecent haste with which the GOP have proceeded with this huge economic measure through the Congress.

The passage of a bill like this from proposal to legislation ought to take months, it has taken just a few days.

According to a Washington based Sludge correspondent the pace of the progression of the most recent Presidential tax proposal has been, quite simply, “breathtaking”.

It was so fast it caught the BBC’s Alastair Cooke by surprise last week. Less surprisingly Rupert Murdoch’s newspapers here in New Zealand have not been trying too hard to draw attention to this massive transfer of money to Rupert’s buddies.

And So Sludge Wonders

When our rulers start rushing things, especially dim rulers such as Dubya, then there is always a reason. Usually it is panic.

This time round the source of the panic is obvious.

Dubya and friends are worried they are about to prematurely lose control of the US Economy.

According to the script of the rich and powerful’s strategic planners and forecasters, the US economy wasn’t supposed to go into a tailspin until late 2001 at the earliest.

This would have allowed time to push through the tax cut plan before it’s fiscal wisdom was questioned by the facts. Namely a deteriorating economic environment, and Federal fiscal position.

That is, it makes little sense to cut taxes when you have a rising welfare bill and falling government revenues.

However things have not gone at all well for Dubya since his inauguration.

Really crappy weather has followed hotly on really crappy weather, seemingly throughout the USA. Indecision 2001, Foot and Mouth outbreaks, GE fear, yet more crappy weather and a new, united, and stroppy OPEC have changed the script.

The US recession is here already. And is deepening. Japan’s banking system is about to drop its interest rate to zero, on Monday. On the other side of the world the Foot and Mouth outbreak in Europe will quite possibly give rise to firstly a trade crisis, and possibly shortly thereafter with food shortage fears.

Back in Washington with one Senate member already dead, one nearly dead and the holder of the casting vote, Dick Cheney, with a seemingly worsening heart condition, Dubya and his friends are not surprisingly panicking.

Bulldozing this tax cut plan through the senate may in fact be a bit of a big ask. Especially if the Democrats finally remember how to do their math.

Anti©opyright Sludge 2001

© Scoop Media

 
 
 
Top Scoops Headlines

 

Gordon Campbell: On The Brexit Vote Aftermath

So, what happens next? Normally when a major policy like this gets so crushingly rejected – by 230 votes, when Theresa May had reportedly been hoping for a defeat by “only” 70- 100 votes – the PM would resign and/or a fresh election called. More>>


Gordon Campbell: On Our History Of Selling Out The Kurds

For the past 100 years, the West has sold out the Kurds over and over again. So much so that it came as a surprise yesterday when US National Security advisor John Bolton appeared to walk back the latest act of betrayal... More>>

ALSO:

Gordon Campbell: On The Reactionary Politics Of Fear

What do you call a situation where the state tries to create panic among its own people for party political gain? As practiced by Theresa May and her faction of the Conservative Party, this has become a well-honed form of state terrorism… More>>

Viva Scoop 3.0! Rounding Up 2018 And Looking Ahead

2018 has been quite a year for Scoop. We are so thrilled to have successfully met the funding target for the first stage of the ‘Scoop 3.0’ plan raising $36,000. This means we can now proceed with the planning phase for the delivery of this bold vision for a community-owned, participatory, independent newsroom... More>>

ALSO:

 
 
 
 
 
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog