Jim Cramer on "Hardball"...talking about the alleged stimulus package

Jim Cramer was on "Hardball" yesterday, and was asked by Chris Matthews to talk about the stimulus package. It's pretty interesting...he hates it. Basically, he says:

It's not enough
It goes to the wrong things (crazy stuff that won't stimulate the economy)
There aren't enough tax cuts

I pretty much agree. I thought it was fascinating that he talked about how, at a time when we have city infrastructure crumbling all around us, Caterpillar is doing layoffs. He was noticing the total lack of logic in this, and wondering why we can't get the road and bridge work that needs to be done together with the companies and individuals that need work.

Makes sense to me.

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Bill Clinton: 'Screw It, I'm Running For President'

This is a hilarious article from "The Onion"...and, as with all satire, has a sprinkle of truth...here is a snippet: Although some have pointed out that it is unconstitutional for Clinton to run for a third term in office, he has silenced most critics by urging voters "not to worry about the Constitution for now" and assuring them he will address those legal issues immediately after regaining control of the White House. "All I am asking of the American people is four more years," Clinton said at a fundraiser Tuesday where tens of thousands of South Carolinians gathered to stare in gape-jawed wonderment at the former president. "Well, maybe eight. Actually, you know what, definitely eight. Eight more years."

Negative ads

Questioner mentioned Gordon Smith's offer to stop negative ads on both sides. Merkley - "I don't have negative ads, I have ISSUE ads." Audience laughed - I don't think Merkley was trying to be funny. Bad moment for Merkley.

U.S. Tax Rates Compared to the rest of the world–a.k.a “U.S. Corporations are not the evil empire”

Below is a graph showing our tax rates compared to the rest of the industrialized world (taken from Wikipedia): Two things to note: Our personal income taxes are not as bad as some anti-tax zealots would have you believe…they are lower than most. Our corporate rates, however, are horrific. They are higher than any other industrialized country save Japan. Lesson to be learned: it’s easy for politicians to sell lower taxes for individuals. Much harder to sell lower rates for corporations. And very easy for liberals to paint corporations as getting off easy (the “big, bad conglomerate” schtick). However, it’s just not true. “Facts are stubborn things.” - John Adams

Oregon Elephant

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