Tag Archives: economy

Widdle Ewic Wets His Pants, Creates a Job for Diaper Changer

From philly.com:

House Majority Leader Eric Cantor abruptly canceled a speech Friday at the University of Pennsylvania that had become the target of Occupy Philly and other groups. Hundreds of protesters gathered at Penn nonetheless, carrying signs and shouting slogans.

Cantor (R., Va.) was scheduled to speak at Penn’s Wharton School at 4:30 p.m. but backed out earlier in the afternoon, indicating that it had been his understanding the speech would be open only to people affiliated with the university.

In a statement, his office said it “was informed last night by Capitol Police that the University of Pennsylvania was unable to ensure that the attendance policy previously agreed to could be met.”

…snip…

The university in turn issued a statement saying it “deeply regrets” that Cantor canceled and suggesting that there had been no change in the attendance policy.

“The Wharton speaker series is typically open to the general public, and that is how the event with Majority Leader Cantor was billed. We very much regret if there was any misunderstanding with the majority leader’s office on the staging of his presentation,” the university said.

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100% Ridiculous

From POLITICAL HOTSHEET at CBS NEWS:

Over the past several weeks, hundreds of Americans have submitted personal tales of economic hardship on the “Occupy Wall Street”-affiliated Tumblr “We are the 99 percent.” Now, conservatives who oppose the Wall Street protests have an answer to it in the form of their own Tumblr, entitled “We are the 53%.”

According to the Washington Post, the blog was conceptualized by Redstate.org founder Erick Erickson, who collaborated on it with the Texas Public Policy Foundation’s Josh Trevino and conservative filmmaker Mike Wilson.

The Tumblr claims to represent the 53 percent of Americans who pay federal income taxes – the implication being that those associated with “Occupy Wall Street” are not also part of that 53 percent and do not pay federal income taxes.

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Giving Herman a Pizza His Mind

From Timothy Egan at Opinionator at The New York Times:

By almost any measure — social, political, economic, logical — Herman Cain’s 9-9-9 tax plan is nuts, nuts, nuts. Go ahead and jack up the price of nearly everything that moves in the United States with a 9 percent national sales tax on all new purchases and services. Talk about instant branding: every time you buy something, you’ll be hit with the Herm Cain tax at the checkout line.

And this is just the start. The nearly 50 million filers whose main federal tax is now a payroll deduction and not an income tax would see their overall bill from the government increase by nearly 100 percent. This conclusion comes from the economists and fact-checkers who have actually looked at the napkin sketch of a plan Cain got from some accountant friend of his in Cleveland.

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The Rethuglican Duhhh-bate

From Perry Bacon Jr. at POST POLITICS at The Washington Post:

New Jersey governor and almost-2012-candidate Chris Christie made headlines with his decision to endorse former Massachusetts governor Mitt Romney on Tuesday, on the eve of a presidential debate. Here’s a look at the potential impact of his endorsement.

Why it won’t matter:

…snip…

Polls suggest, despite the clamor in Washington and New York about Christie, that he’s not that well known or extremely popular among Republican voters. A Washington Post/ABC News poll last week suggested a majority of Republicans either didn’t have an opinion or didn’t want the New Jersey governor to run for president.

So it’s not clear how many voters will be persuaded by his endorsement.

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Takin’ It to the Streets!

From THE HILL:

House Majority Leader Eric Cantor (R-Va.) described Wall Street protesters as a mob on Friday and implied Democrats were egging them on.

In a speech to the conservative Values Voter Summit, Cantor said he was “increasingly concerned by the growing mobs” and criticized Democrats who have showered praise on the protesters in New York and other cities.

“Some in this town have actually condoned the pitting of Americans against Americans,” Cantor said.

Funny how he never seemed to have a problem with the Teabaggers or the bullshit of Rethugs trying to diss Democrats by consistently saying the Democrat party instead of Democratic.  Pettiness and derision and division seem to be just fine with widdle Ewic Token Cantaw until someone picks on his rich buddies.

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I thought he would have preferred Herb-al tea

From THINK PROGRESS:

Former pizza executive Herman Cain’s rise to the top of the Republican presidential pack will undoubtedly put smiles on the faces of two brothers: Charles and David Koch.

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Who needs a wake-up call with all that caffeine?

From George Zornick at THE Nation:

According to [POLITICO’s] Mike Allen’s “Playbook”—a daily memo of DC conventional wisdom—the biggest story of the day involves remarks by the CEO of Coca-Cola about the horrid US tax structure. Muhtar Kent says [at the Clinton Global Initiative] that his company finds it easier to do business with China and Brazil than the United States because of our antiquated and unfair tax code […]

…snip…

Allen breaks his supposed journalistic objectivity for a moment, and dubs this plea for lower corporate tax rates a “chilling story” that will “drive debate for ’12 and SuperCommittee.” He adds that “This is a massive wakeup call for official Washington…. The Coke dude’s sentiments, which we hear CONSTANTLY and CONSISTENTLY from executives around the country, explain why an independent presidential candidate could have historic support, and why big money is panting after New Jersey Gov. Chris Christie.” (Emphasis is his).

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