Joseph + the Amazing Technicolor Tax Plan*

“Okay, everybody, gather round; it’s time for a story!” Mr. Shepherd said with a big grin.

“What kind of story?” asked Miss Dollar, pretending she didn’t know.

“A Bible story!” Mr. Shepherd exclaimed.

And all the the children cried, “YAY!”

When everyone was still, Mr. Shepherd said, “Today’s story is about Joseph. How many of you remember him?”

“I do! I do!” said the children, raising their hands.

“Of course you do!” Mr. Shepherd said. “Joseph is a Bible hero! Does anyone remember why?”

“He’s a Bible hero because he loved his family!” said Ben.

“That’s right; Joseph loved his father and brothers very much, Ben. And what else?”

“Joseph refused to have premarital sex,” said Chastity. “He ran away naked when his boss's wife tried to…um…what do you call it?”

“When she tried to seduce him; that’s right Chastity! What else?”

“He’s a Bible hero because he always trusted God, even when everything looked hopeless.” said Will. 

“My, you all remember so much about Joseph! And because of all those great qualities, he was promoted to a position of tremendous honor and responsibility in the land of Egypt. Isn’t that wonderful?”

And all the children nodded their heads; except Elizabeth, who raised her hand and waited until she was called on. 

“You stopped asking, ‘And what else,’ before we got to the end,” she said.

“OK, Elizabeth,” Mr. Shepherd replied, throwing a little wink to Miss Dollar. "What else?"

“Joseph is also a Bible hero,” Elizabeth began, “because when he saw in a dream that a global food shortage was coming, he instituted a 20 percent tax on everything grown in Egypt for seven years and stored huge quantities of grain all over the country — so much that he stopped keeping records because no one could count it all." 

“Wait a minute!” interrupted Milton. “That doesn’t sound right! I thought you said Joseph followed God.”

“He did!” Elizabeth responded, but Milton cut her off again.

“No way! That's nanny state stuff! God would never tell a leader to do that!”

“Well, apparently, that’s what God told Joseph,” Elizabeth said. “Then, when the economy slid off the rails, Joseph opened the storehouses and sold grain back to the Egyptians.”

“They bought their own grain?” Milton demanded. “That’s crazy! That’s like a double tax! God hates taxes! Tell her Mr. Shepherd!”

But Mr. Shepherd just sat there, looking stunned.

Elizabeth pressed on: “And then the global food supply collapsed and everybody in the world came to buy grain from the Egyptian government.”

This horrified the other children, who looked to Miss Dollar for help. But she faked a coughing fit and buried her face in the crook of her arm. 

After an awkward moment, Milton intoned the words they were all thinking: “God believes in free market solutions, Elizabeth. You take that back.”

But Elizabeth didn’t take it back; she plowed ahead: “The famine was far from over, and Joseph sold food to the Egyptians until all their money was gone." 

Milton’s face was very red now. “He never!”

“When the money was gone, Joseph traded food for livestock. And when the government owned all the livestock, Joseph bought up all the land in Egypt — and everyone sold, because you can’t eat dirt every day. So the people were reduced to servitude from one end of Egypt to the other.”

“LIES!” Milton screamed, his eyes bulging.

“No!” Elizabeth countered. “It’s not! It’s part of why Joseph is a Bible hero! It’s right there in the book of Genesis! You could read it for yourself!”

Milton was crying freely now. “But we’re just children!” he sobbed, snot running down the little furrow between his nose and upper lip. “The adults would have told us if that was in the Bible…right?”

“You’d think, wouldn’t you?” said Elizabeth in a sad voice. She smiled gently. “After that, Joseph gave everyone seed to plant. And he made the 20 percent tax permanent. And do you know what the people did?”

Milton snuffled. “They rose up in a mighty tax revolt and demanded a return to true capitalism as God intended?”

“No,” Elizabeth said. “They thanked Joseph for saving their asses — also their camels and goats. Just kidding; the government owned the livestock. They thanked Joseph for saving their lives and got to work rebuilding the economy.

“And that’s how Joseph became a Bible hero,” Elizabeth concluded. “And it’s how his father and the rest of his family survived to become the Twelve Tribes of Israel. The rest of the story, you can read at your leisure.”

”I need to blow my nodes,” Milton moaned, and excused himself to search for a tissue.

* Apologies to Andrew Lloyd-Webber, Tim Rice, Moses . First published on these pages 02.20.2011

Banking on Education | college students borrow money at 800% higher interest than banks...

Click to Enlarge Image



Banking on Education infographic via Democracy for America

You're fired | Could you be one of a million Americans who lose jobs in 2013 if Romney-Ryan are elected in 2012?

Sources:

1. "Ryan's budget cuts would cost jobs," The Economic Policy Institute Blog, March 21, 2012.
http://www.moveon.org/r?r=278656

2. "Five Times Mitt Romney Has Embraced The Ryan Budget," ThinkProgress, August 11, 2012.
http://www.moveon.org/r?r=278984

3. "Study: Romney tax plan would result in cuts for rich, higher burden for others," Washington Post, August 1, 2012.
http://www.moveon.org/r?r=278241

4. "Romney's Bain Capital invested in companies that moved jobs overseas," Washington Post, June 21, 2012.
http://www.moveon.org/r?r=278985

5. "Romney's Tax Plan May Cost U.S. As Many As 800,000 Jobs: Report," Huffington Post, July 17, 2012.
http://www.moveon.org/r?r=278610

[h/t to moveon.org]

If you heard Obama hates business people, read this letter from Costco founder Jim Sinegal

Click to see the video Mr. Sinegal mentions in his letter.

The text to Mr. Sinegal's letter appears in somewhat larger type after the jump.

If you heard Obama says businesspeople didn't build their own businesses, you have to hear this

The Daily Show with Jon Stewart
Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook

The President + the Private Sector | What Barack Obama Actually Thinks

What a bunch of numbskulls. Do we have to do everything?

I keep waiting for someone in the so-called "Beltway Press" to point out what the President actually said about the performance and condition of the private sector in his press conference last Friday. 

But no. They're playing out the ridiculous "gaffe" narrative, aren't they… 

Knuckleheads. 7th graders could do the job you're doing now.

The President (2nd paragraph of opening remarks): Today, we’re fighting back from the deepest economic crisis since the Great Depression.  After losing jobs for 25 months in a row, our businesses have now created jobs for 27 months in a row -- 4.3 million new jobs in all.  The fact is job growth in this recovery has been stronger than in the one following the last recession a decade ago.  But the hole we have to fill is much deeper and the global aftershocks are much greater.  That’s why we've got to keep on pressing with actions that further strengthen the economy.

(12th paragraph of opening remarks): Keep in mind that the private sector has been hiring at a solid pace over the last 27 months.  But one of the biggest weaknesses has been state and local governments, which have laid off 450,000 Americans.  These are teachers and cops and firefighters.  Congress should pass a bill putting them back to work right now, giving help to the states so that those layoffs are not occurring.

(15th paragraph of opening remarks): Instead of just talking a good game about job creators, Congress should give the small business owners that actually create most of the new jobs in America a tax break for hiring more workers.

Caren Bohan: Blah, blah, blah, European debt crisis. Blah, blah, And finally, you talked about  a number of ideas that you've already put forth to shield the American economy. Do you plan to give a speech or lay out additional ideas now the crisis is really escalating?

The President (9th and 10th paragraphs of response to Ms. Bohan): …And the most important thing I think we can do is make sure that we continue to have a strong, robust recovery.  So the steps that I've outlined are the ones that are needed.  We've got a couple of sectors in our economy that are still weak.  Overall, the private sector has been doing a good job creating jobs.  We've seen record profits in the corporate sector.

The big challenge we have in our economy right now is state and local government hiring has been going in the wrong direction.  You've seen teacher layoffs, police officers, cops, firefighters being laid off.  And the other sector that's still weak has been the construction industry.  Those two areas we've directly addressed with our jobs plan.  The problem is that it requires Congress to take action, and we're going to keep pushing them to see if they can move in that direction.

Jackie Calmes: What about the Republicans saying that you’re blaming the Europeans for the failures of your own policies?

The President:  The truth of the matter is that, as I said, we’ve created 4.3 million jobs over the last 27 months, over 800,000 just this year alone.  The private sector is doing fine. Where we’re seeing weaknesses in our economy have to do with state and local government -- oftentimes, cuts initiated by governors or mayors who are not getting the kind of help that they have in the past from the federal government and who don’t have the same kind of flexibility as the federal government in dealing with fewer revenues coming in.  

And so, if Republicans want to be helpful, if they really want to move forward and put people back to work, what they should be thinking about is, how do we help state and local governments and how do we help the construction industry.  Because the recipes that they’re promoting are basically the kinds of policies that would add weakness to the economy, would result in further layoffs, would not provide relief in the housing market, and would result, I think most economists estimate, in lower growth and fewer jobs, not more. 

Was that so hard? 

Ten seconds into his remarks the President affirms our businesses for reversing a 25-month trend of job cuts and creating jobs for 27 months in a row — 4.3 million jobs in all. He credits businesses with generating stronger job growth in this recovery than the much shallower recession a decade ago. He doesn't take credit for this; he gives credit to "our businesses."

A few minutes later, the President reminds us that the private sector has been hiring at a solid pace over the last 27 months.

Another minute passes and the President says Congress should stop talking about job creators and give the business owners who actually create most of the new jobs in America a tax break for their trouble.

A few minutes later, part of the President's answer a question from Caren Bohan is: "Overall, the private sector has been doing a good job creating jobs. We've seen record profits in the corporate sector."

When Jackie Calmes asks a followup question, the President reiterates that we created 4.3 million jobs over the last 27 months, over 800,000 just this year alone and that the private sector is doing fine  compared with state and local governments that are hemorrhaging jobs at an alarming pace and are powerless to do much about that unless the federal government acts.

And there you have it. The President said the private sector should get full credit for creating lots of jobs. He said — five times in 29 minutes by my count — that private sector businesses are more than pulling their weight. And he said Congress is sitting on its hands, refusing to step up for reasons that boggle the mind.

The President thinks the private sector is doing well in job creation. Does Governor Romney think they are not? Do Congressmen Boehner and Cantor and Senator McConnell think the private sector is failing America? I'm hard pressed to see how that's not what they're saying…unless you want to try to convince me they are simply playing the fool; pretending the President said what he clearly did not say. You don't want me to believe those good men are clowns, do you?

Speaking of clowns: Why am I up writing about this at 11 o'clock after a pretty stiff day of writing about things people actually pay me to write about? Where are the people who are supposed to keep the record straight about what leaders and would-be leaders say and do not say? Are there no honest brokers of truth in the press? Has this whole enterprise devolved into lunchroom gossip?

Here's the transcript of the President's remarks and the Q+A that followed.

Here's a link to download the video.

Here's a link to download the audio. 

And here's me, going to bed grouchy.

Occupy | If You See Something, Say Something

— Department of Homeland Security Secretary
Janet Napolitano, August 17, 2011

If you see something, say something.

This is what citizens who identify with the Occupy movement in a thousand cities and towns across the U.S. are doing. They see suspicious behavior in the financial sector — acts that look fraud, bribery, confidence games, conspiracy and looting. And like the good citizens they are, the Occupiers are saying what they see.

The Occupiers point at smoke rising from the ruins of the real economy and say, "We think someone set this fire by negligence, if not on purpose; and we think it's probably the ones who devised ways to make mad sums without regard for consequences — including burning it down and collecting insurance after the fact in the form of bets laid against their own clients."

Occupiers would like to know if anyone is looking into this, because it's unclear that anyone is, while it's become quite clear there are serial offenders who will be happy to pay hundreds of millions in out-of-court settlements as long as that leaves open the option to take in billions committing the same infractions again and again.

We won't even debate the American Jobs Act?

Last night the United States Senate failed to muster 60 elected officials willing to even debate the merits of the American Jobs Act.

That's how things work under current Senate rules. The Act itself might be passed with a simple majority of 51 votes. But 60 votes are required to bring the matter up for debate.

What part of we need jobs makes this proposal so distasteful that it can't be discussed?

• Incentivizing employers to hire returning Iraq and Afghanistan Soldiers, Sailors, Airmen and Marines?
• Hiring, rehiring and preventing the layoff of tens of thousands of firefighters, law enforcement officers and teachers?
• Training to refit capable but unemployed American workers to take jobs requiring knowledge and skills they lack?
• Modernizing more than 30,000 schools across the U.S.?
• Adding — if Moody's Analytics is in the ballpark — 1.9 million jobs — lowering the unemployment rate by a full point and growing the U.S. economy by two percent? (Could your enterprise use a two percent bump at the closing of the year?)

Read the American Jobs Act for yourself. If your Senator voted against even debating the measure, you have a right to know why. Here's where you'll find Senate contact information. 

Press Conference on the Economy | 10.06.11

"If Congress does something, then I can’t run against a do-nothing Congress."
— Barack Obama

The White House

Office of the Press Secretary

For Immediate Release

October 06, 2011

News Conference by the President

East Room

11:00 A.M. EDT

THE PRESIDENT: Good morning, everybody. I will take your questions in a second. But first, I just want to say a few words about the economy.

Next week, the Senate will vote on the American Jobs Act. And I think by now I’ve made my views pretty well known. Some of you are even keeping a tally of how many times I’ve talked about the American Jobs Act. And the reason I keep going around the country talking about this jobs bill is because people really need help right now. Our economy really needs a jolt right now.

This is not a game; this is not the time for the usual political gridlock. The problems Europe is having today could have a very real effect on our economy at a time when it’s already fragile. But this jobs bill can help guard against another downturn if the situation in Europe gets any worse. It will boost economic growth; it will put people back to work.

Class Warfare | Elizabeth Warren on Tax Fairness

bizarro world | the wealthy + the poor in America | a respectful exchange

I repeat here a brief exchange on the post, bizarro world | the wealthy + the poor in America, because the Comments feature — properly, I expect — doesn't allow for embedded links and I thought it was important to highlight the Forbes 400 List and David Kay Johnston's Reuters reporting; which I've done below.

Nate commented on my bafflement about those who characterize America's working poor as pampered tax dodgers while painting our wealthiest citizens as beleaguered victims. Nate wrote:

And yet both of these characterizations can be found to be true. Wealthy & middle-class citizens over-spending and tying themselves to every penny of a paycheck, underwater in a mortgage and indebted up to their eyeballs. The working poor doing enough to stay under the gov't threshold and continue to get assistance, while buying new cars, digital cable packages and the latest kicks.

Headline from the Future | Health Coverage

Official Denied Emergency Treatment

(Arlington, VA) U.S. Senator Tom Brown died yesterday in the parking lot of a Washington area hospital after being denied entrance because he lacked proof of insurance. 

The senator was taking a run, an aide said, when he complained of chest pains. “We took him straight to the hospital, but he didn’t have his wallet and they wouldn’t let us in.” 

Speaking off the record, a hospital employee who is not authorized to speak to reporters told the Post, “They said, ‘He’s a United States Senator!’ I said, ‘I don’t care if he’s effing Ron Paul: No insurance equals no treatment.’ If I make an exception for some clown who says he’s a senator, where does it stop? Treat first, ask questions later? What kind of business model is that?”

The American Jobs Act | Letter to My Congressman

September 13, 2011

Congressman Bilbray, 

I urge you to use your position on the House Energy and Commerce Committee to fast-track passage of the American Jobs Act. If it is signed into law, your constituents can begin taking advantage of the provisions of this bill on October 1, 2011 — exactly when we need the help. 

Please sir, call your colleagues to account if they attempt to game this important legislation. 

The need is now, the time is now. I call on you to act now. 

respectfully, 

Jim Hancock

[Read it for yourself — click to download a pdf of the American Jobs Act to your download folder]

THE AMERICAN JOBS ACT | FACT SHEET

Yesterday, I posted the transcript of President Obama's American Jobs Act speech before a joint session of Congress.

Here is the Fact Sheet that accompanied that address, concluding with round costs associated with each item. Next week, the Administration will deliver the President's detailed proposal to Congress. 

THE AMERICAN JOBS ACT | FACT SHEET 

1. Tax Cuts to Help America’s Small Businesses Hire and Grow

• Cutting the payroll tax in half for 98 percent of businesses: The President’s plan will cut in half the taxes paid by businesses on their first $5 million in payroll, targeting the benefit to the 98 percent of firms that have payroll below this threshold.
• A complete payroll tax holiday for added workers or increased wages: The President’s plan will completely eliminate payroll taxes for firms that increase their payroll by adding new workers or increasing the wages of their current worker (the benefit is capped at the first $50 million in payroll increases).
• Extending 100% expensing into 2012: This continues an effective incentive for new investment.
• Reforms and regulatory reductions to help entrepreneurs and small businesses access capital. 

The American Jobs Act | Transcript

The White House

Office of the Press Secretary

For Immediate Release

September 08, 2011

Address by the President to a Joint Session of Congress

United States Capitol
Washington, D.C.

7:09 P.M. EDT

THE PRESIDENT:  Mr. Speaker, Mr. Vice President, members of Congress, and fellow Americans: 

Tonight we meet at an urgent time for our country.  We continue to face an economic crisis that has left millions of our neighbors jobless, and a political crisis that’s made things worse.
This past week, reporters have been asking, “What will this speech mean for the President?  What will it mean for Congress?  How will it affect their polls, and the next election?” 

But the millions of Americans who are watching right now, they don’t care about politics.  They have real-life concerns.  Many have spent months looking for work.  Others are doing their best just to scrape by -- giving up nights out with the family to save on gas or make the mortgage; postponing retirement to send a kid to college. 

These men and women grew up with faith in an America where hard work and responsibility paid off.  They believed in a country where everyone gets a fair shake and does their fair share -- where if you stepped up, did your job, and were loyal to your company, that loyalty would be rewarded with a decent salary and good benefits; maybe a raise once in a while.  If you did the right thing, you could make it.  Anybody could make it in America.

Robert Reich connects the dots in the US economy in 2.5 minutes

University professor — and former US Secretary of Labor — Robert Reich connects the dots in the US economy in two and a half minutes .

Follow the Money: Jon Stewart on Teachers + Wall Street

The Daily Show - Crisis in the Dairyland - For Richer and Poorer - Teachers and Wall Street
Daily Show Full Episodes

Follow the Money: What's a Teacher's Worth?

OK, First:

In the same time frame as the screen above, the average salary in Wisconsin for:

Gaming Managers was $65,760

Securities, Commodities and Financial Services Sales Agents was $72,550

Art Directors was $72,840

Fashion Designers was $77,780

Broadcast News Analysts was $79,610

Public Relations Managers was $84,900

Athletes and Sports Competitors was $97,250

Marketing Managers was $103,150

I don't begrudge the salary of anyone doing honorable work — certainly not teachers. On average, I don't think practitioners in any of these categories add more value to Wisconsin's (or the U.S.) economy than teachers.

Second: Aren't some of the people moaning about teacher salaries today the same ones who steadfastly argued two years ago that $250,000 a year is barely a living wage? You know who you are; pick a side.

William Barclay | Everything Matters

Nothing has done the church more harm than the repeated statement that the things of this world do not matter. In the middle thirties of this century unemployment invaded many respectable and decent homes. The father's skill was rusting in idleness; the mother was trying to make a shilling do what a pound ought to do; children could not understand what was going on except that they were hungry. Men grew bitter or broken. To go and tell such people that material things make no difference was unforgivable, especially if the teller was in reasonable comfort himself.

— William Barclay, The Gospel of Luke (9:1-9), Daily Study Bible Series, Revised Edition, Edinburgh, Saint Andrews Press, 1975

Anything Government Can Do... Part 02

Following my post, Anything Government Can Do, The Free Market Can Do Better | An exchange between friends, my friend replied:

In response, I did not say better, but more cost effectively. Cost efficiency does not always equate as better. I can drive a well maintained 10 year old Toyota Corolla more cost efficiently than a new full sized auto, but that does not mean it is a better auto. Secondly, I never said anything about "the unfailing efficiencies of the free market". I believe it is the fact that the free market can and does fail that makes it pure. Government, on the other hand is able to prolong and deny failure by extending budgets, increasing debt and raising taxes. 45 out of 50 states are now insolvent and several are headed for bankruptcy while still spending at record levels. That is not "philosophy', but is backed up by government audits.A federal employee is paid 64.47% more (including benfits and pensions) than a free market employee with full benefits doing the same task. By the Governments on records there were 72 Billion dollars spent on improper payments in 2008. The government also discovered that 22% of the programs they finance (at a cost of 123 Billion annually) fail to show any positive impact on the population they serve. The beauty of the free market, is that it can not operate like this. Most free market enterprises operate on less than 6% profit and would long since be out of business if they operated so inefficiently. Many of the businesses I shooped at or resturants I ate in 10 years ago no longer exist. I am not aware of many (any) governmental agencies that have been aloowed to fail in that time.