📄 Extracted Text (6,733 words)
From: Gregory Brown
To: undisclosed-recipients:;
Bcc: [email protected]
Subject: Greg Brown's Weekend Reading and Other Things.... 9/30/12
Date: Mon, 01 Oct 2012 06:53:01 +0000
Attachments: Clinton's_Remarks_With_Libyan President Mohamed_Magariaf„September_34,2012.pdf
; President_Magariaf_speech_to le_CFR —September 28,2012.pdf;
Providing_a_legal_basis_to_atta—ck_Iran_Omith_tOellington_TWP_September_27„2
012.pdf;
Some experts_say_China's_currency_policy_is_not_a_da_nger_to_the_economy_Howard_
SchneIder TWP_09 28_12.pdf;
RedistribuTing_wealTh upward Harold_Meyerson 09_25_12.pdf;
Cap_gains tax_ratet§teven ctufson 9_11_12.p-df;
A_voting_issue_that_isn't_ETigene lainson_09 25 12.pdf;
How Romney_Has Failed as a_CEO Sanjaislsit teei Huff_Post 09-28-12.pdf;
ObanTia Fills in Blanks or 12;inney's:Plans —
_Se_es_Falsehoods_Michael_Co
oper_NT_S—eplember_17,:2012.pdf;
Romneys_tax_plan by_the_numbers_Ruth Marcus_09_25_12.pdf;
Republicans_deludal by jskewedipolls Eugene Robinson TWP September 27,_2012.p
df; Mr. Obama_refreihing_defense_offr;e_speecTi TWP_ETlitoriar 09 25 127pdf;
The_W—orld_Weler_Actually_Livingin_Thomas_Fri—edman_NYT_0i_2i_l ipdf
Dear Friends,
As many of my friends know, since the dawn of The Arab Spring last year I have been a strong supporter of the
Transitional National Council in Libya (TNC), the National Front for the Salvation of Libya (NFSL), in
particular its co-founder Dr. Mohammad Yousef Al-Magariaf and the people of Libya who were fighting for their
self determination after 42 years of tyranny at the hands of Muammar Qaddafi. Last October the dictatorial
Qaddafi regime was overthrown with the TNC establishing an interim government. On May 8, 2012, the NFSL
held its sixth and final National Convention and officially ended its activates as a dissident group against the
Qaddafi regime. The next day, the former NFSL commenced its activities as a political party now known as the
National Front Party and held its first General National Assembly, in which Dr. Magariaf was voted as the
president of the party. On July 7, 2012, he was voted into the two hundred member General National Congress
in the first democratic elections in over four decades and on August 9, 2012, Dr. Magariaf was voted as the
President of the General National Congress and the first democratically elected leader of Libya in more than
forty years.
This past week I had the privileged of help arranging several events and meetings for President Magariaf during
his visit to New York where he addressed the UN General Assembly and attended meetings at receptions held by
President Obama, Secretary General Ban Ki Moon, and bilateral meetings with many distinguished world
leaders, of whom I mention Madam Secretary Hillary Clinton, British Prime Minister David Cameron, former
president Bill Clinton, Senator John McCain, Secretary General of NATO, President of the European Council,
Executive Director of the World Bank, Council on Foreign Relations, Human Rights Watch and many others.
Having met with more than fifty heads of states, in a private meeting yesterday, I found it refreshing to find my
dear friend and brother President Magariaf still the same humble, thoughtful and wise man that I discovered
when we first met a year and a half ago. Attached, please find President Magariaf's September 24th speech that
he gave with Secretary Hillary Clinton and his September 28th speech that he gave at the Council on Foreign
Relations to give you and insight of the man and his vision going forward..... Because he is THE REAL DEAL
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and it is an honor to be his friend.
In an article by Jeffrey H. Smith and John B. Bellinger III in the Washington Post last week, Providing a legal
basis to attack Iran, the writers point out that both President Obama and Mitt Romney have said they would
consider a military strike against Iran. According to media reports, the necessary planning has been completed,
and military options are "fully available." The problem here under what basis does the United States, NATO or
Israel have the right/authority to do a preempted attack against Iran for a perceived threat which Iran's President
Mahmoud Ahmadinejad's pointed out last week that his country's using a nuclear weapon against Israel, the
United States or NATO would be suicide, because any single or ten nuclear strikes that they could muster would
provoke a retaliation of hundreds, if not thousands of nuclear weapons upon Iran.
The 2,000th U.S. troop was killed In Insider Attack in Afghanistan War last week. We should ask why? Why are
we still fighting this war? What are our objectives? And how does keeping this war going benefit America?
The fact that this milestone happened during a firelight broke out between U.S. forces and their Afghan army
allies in eastern Afghanistan Sunday, killing two Americans and three Afghan soldiers should truly allow us
question why we are still in this war and how did we get in an eleven year war that has taken the lives of more
than 2000 Americans soldier, with tens of thousands injured at a cost of more than a trillion dollars....
Weekend Readings
Yes, Obama and Romney are right to say that the United States is prepared to use force to defend the nation
against this threat, if that is necessary after other means have been exhausted. But both men should also explain a
clear legal basis for a military strike. They should publicly commit to seeking specific congressional
authorization to bolster the president's constitutional authority to defend the United States. And they should
explain how using force against Iran would be justified under international law and under what circumstances.
Since the fall of The Shah, Iranian governments have survived as a result of isolating their people from the rest
of The West by blustering against Israel, talking trash against America and supporting insurgent forces in Iraq
and elsewhere in the Middle East. Yes, they have threaten to close the Strait of Hormuz but this would choke the
Islamic Republic's economy which also rely on shipping through the Strait. Like North Korea, America should
see Iran's blustering for what it is, blustering to keep its population in fear from the outside and not focused on
the disastrous domestic policies of the leadership in their respective countries. As Tony Capaccio wrote in
Bloomberg on Aug 5, 2012 that Iran probably would attempt to block the Strait of Hormuz at the mouth of the
Persian Gulf only as a "last resort," and would probably only use a nuclear weapon/WMD in retaliation of a
preempted strike against them and then only as a last result.
For the past several years both parties have blamed China for keeping its currency undervalued as the reason for
extreme in-balance of trade between the two countries, when the truth is that in a free market system the buyer
often chooses the lowest price. This argument/excuse is almost nil as the value of China's currency closed
Friday near a record high against the dollar, approaching what some analysts consider a fair market price and
potentially easing concerns that the country's currency policy is damaging the U.S. economy. Please see Howard
Schneider's article in The Washington Post, Some experts say China's currency policy is not a danger to the
economy.
U.S.-China relations have become an issue in the presidential campaign, with GOP challenger Mitt Romney
promising to get tough with "cheaters like China." President Obama has argued for a more diplomatic approach,
but the U.S. government also filed new trade complaints against China at the World Trade Organization. On
Friday, the administration barred a Chinese company on national security grounds from owning a wind energy
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development near a U.S. weapons base in Oregon.
The value of the Chinese yuan has been a point of particularly sharp difference between the two candidates. By
keeping its currency value low, a country can give an advantage to its exporters, a strategy China used to build its
industrial base — to the detriment, some argue, of U.S. manufacturers.
But China has gradually been relaxing its currency controls and other financial rules — often at key moments,
such as visits by foreign leaders and major international meetings. China's critics claim that it has been the
steady threat of congressional action that has forced Beijing's hand. Other analysts say the Chinese government
has recognized that liberalized currency rules help control inflation and will be important to China's long-term
economic goals.
The Obama administration has argued that a combination of private lobbying and occasional public criticism are
the best way to keep the process moving. Romney has advocated a blunter approach, including the designation of
China as a "currency manipulator" under U.S. laws that would allow the possible imposition of import taxes to
erase any advantage to Chinese companies from an undervalued yuan. Given the yuan's current trajectory,
however, the urgency of the issue could ebb.
Two members of the Peterson Institute for International Economics — Director C. Fred Bergsten and senior
fellow Joseph E. Gagnon — said that China in recent times "has not been the major perpetrator" of currency
"aggression." Writing recently in the Financial Times, they cited efforts by South Korea, Switzerland and other
U.S. allies to keep their money cheap, as well. A recent Peterson Institute paper estimated that the yuan was
within 8 percent of its "equilibrium" level with the dollar — far below the undervaluation of 30 percent or more
than some China critics have alleged.
My personal belief is that the currency differential is not the big gorilla in the mom that our politicians are
focusing are harping on. I believe that real gorilla will come from China moving from an export economy to a
domestic consumption economy — no longer dependent on American consumers and as a result no longer
needing to finance exports through buying American treasuries.
In Harold Meyerson's article in The Washington Post this week, Redistributing wealth upward, the title says it
all..... As Meyerson says, the "trickle-down" argument — that workers reap the rewards ofproductivity gains.
Believing and asserting that requires either ignorance or willful denial of economic history. The only time in U.S.
history when workers substantially benefitedfivm productivity gains was the three decades thatfollowed World
War II, when median household income and productivity gains both increased by 102 percent. Not
coincidentally, that was also the only period of genuine union power in U.S. history, and the time when the tax
code was at its most progressive. During the past quarter-century, as progressivity was lessened and unions
diminished, all productivity gains have gone to the wealthiest 10 percent, according to research published by the
National Bureau of Economic Research. In 1955, at the height of union strength, the wealthiest 10 percent
received 33 percent of the nation's personal income. In 2007, they received 50 percent, Economic Policy Institute
data show.
If that's not redistribution, I don't know what is.
The problem is not just that everyone but the wealthy is claiming a smaller share of the nation's income; the
absolute amount of income they're getting is declining as well. Median household income has dropped to the
levels of the mid-1990s, according to Pew analysis of census data, while the income of the 400 wealthiest
Americans rose by a tidy $200 billion last year; according to data released this month by Forbes magazine.
If that's not redistribution, I don't know what is.
So, which party can claim creditfor this — the real redistribution this nation has experienced over the past 30
years? Many Democrats have been complicit in this calamity by their indifference to the consequences of
deregulation and trade. But the trophyfor promoting the policies that have redistributed wealth, family stability
and longevity upward goes to the Republicans, whose standard-bearers are championing even more radical
versions of these policies today. Reaganomics has not work evidence by the fall in standard of living for the
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Middle Class, so to double down on it now, which is the Republican agenda is ludicrous and would be a disaster
for the country.
To the accompany the preceding article by Harold Meyerson, I have included an earlier article also in The
Washington Post by Steven Mufson and Jia Lynn Yang, Capital gains tax rates benefiting wealthyfeed
growing gap between rich andpoor, whereby they suggest that the 15% tax rate for Capital Gains is not
benefiting the country's economy and in fact is creating a growing gap between the rich and the poor. The
writers say that Capital Gains equal Better Jobs is just not true and that the rates on capital gains — which
include profits from the sale of stocks, bonds and real estate — should be a key point in negotiations over how to
shrink the budget deficit.
Advocates for a low capital gains rate say it spurs more investment in the U.S. economy, benefiting all
Americans. But some tax experts say the evidence for that theory is murky at best. What is clear is that the
capital gains tax rate disproportionately benefits the ultra-wealthy.
Most Americans depend on wages and salaries for their income, which is subject to a graduated tax so the big
earners pay higher percentages. The capital gains tax turns that idea on its head, capping the rate at 15 percent for
long-term investments. As a result, anyone making more than $34,500 a year in wages and salary is taxed at a
higher rate than a billionaire is taxed on untold millions in capital gains.
While it's true that many middle-class Americans own stocks or bonds, they tend to stash them in tax-sheltered
retirement accounts, where the capital gains rate does not apply. By contrast, the richest Americans reap huge
benefits. Over the past 20 years, more than 80 percent of the capital gains income realized in the United States
has gone to 5 percent of the people; about half of all the capital gains have gone to the wealthiest 0.1 percent.
"The way you get rich in this world is not by working hard," said Marty Sullivan, an economist and a
contributing editor to Tax Analysts. "It's by owning large amounts ofassets and having those things appreciate
in value." Asked Mitt Romney who made $21 million, paid only $3.2 million (14%) in Federal taxes without
working and would have paid less than !0% if he had not been running for President. But then one of the reasons
that politicians are resistant to changing the Capital Gains Tax Rate, as the writers of the article points out
"remember that members ofCongress themselves, particularly senators, are well offand they're more likely to
be sympathetic to the argumentfor low capital gains." This needs to be changed, especially since many who
enjoy this Capital Gains disparity are professional investors and as such like professional gamblers,
police, school teachers or firefighters they should pay at least as much taxes/rate as everyone else.
One of the issues that is dear to my heart is voter suppression and as such I have included an op-ed piece by
Eugene Robinson in The Washing Post this week, A voting issue that isn't Robinson: "Let's be clear: Voter
ID laws are not a solution to the "problem" ofvoterfraud. There is no problem, or at least no problem that
would be solved by voter ID. Proponents should be able to point to troubling instances ofvoter-impersonation
fraud, which is the only kind that would be prevented by the new laws. But they can't. For all intents and
purposes, this kind offraud simply does not happen.
What did happen in 2008 was that African Americans, Hispanics andpoor people — traditional Democratic
Party constituencies — voted in unusually large numbers. And what happened in 2010 was that Republicans took
control ofmore statehouses and set out to reshape the electorate and make it GOPfriendly. Not coincidentally,
this voterID campaign has been particularly intense in swing states such as Florida, Ohio and Pennsylvania.
Invariably, advocates cloak the restrictive new measurer in pious-sounding rhetoric about "the integrity ofthe
votingprocess." This sounds uncontroversial — who's against integrity? — until you weigh the laws'
unconscionable costs against their undetectable benefits.
We cannot let anyone discourage usfrom casting our ballots," thefirst lady said Saturday. "We cannot let
anyone make usfeel unwelcome in the voting booth. It is up to us to make sure that in every election, every voice
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is heard and every vote is counted" As such, I strongly urge everyone to fight against any form of voter
suppression as it is un-democratic and un-American, as well as a denial of citizens rights!
Last week The Washington Post did an editorial, Mr. Obama's refreshing defense of free speech praising the
President. I believe in free speech and I treasure the fact that I live in a country that is the citadel of free speech.
But at the same time I am sensitive to the cultural differences between countries, religions and races. So one
person's vision of free speech is often different from another's, example Germany where it is illegal to post
anything anti-Semitic, although Germany is universally considered a country that supports free speech to the
same degree that we do here in America .
As President Magariaf of Libya said when he addressed the Council on Foreign Relations this past Friday in
New York — "We believe that there can be no durable peace in the world unless human and political rights are
respected everywhere, and until them is justice and opportunityfor all. Since some of these rights will
invariably be viewed diffemntoi in different countries, moderation and mutual respect is crucial to maintaining a
civil society. I have an example involving the American concept offreedom ofspeech, which !submit must live
respectfully among other central ideals both in America and abroad. In my country, andfor Muslims
everywhere, mocking the Prophet Mohammed is a crime, and it is punished harshly. Even in America, as I
understand it, the right tofreedom ofspeech does not extend to the right to scream 'fire" in a crowded theater.
Recently a movie that was made in America mocked and denigrated the Prophet Mohammed in a shameless way,
and I would suggest, this is not so different from screamingfire in a crowded theater: It is crazy, inflammatory,
and certain to cause mayhem or a brawl, and this has happened around the Muslim world in reaction to this
film. So, as President of a Muslim nation, I would ask Americans to please not artificially elevatefreedom of
speech above all other principles and values and to instead exercise moderation and respect in the treatment of
the Prophet Mohammed. Doing this will gofar to enable the mutual respect and trust between Americans and
Muslims on which we all rely, and ultimately upon which thefuture of the planet may rely. "
What most Americans and even The Washington Post don't appreciate is that people who live in Muslim
countries don't understand that the American government does not control what people say, write or place on the
Internet. This is especially true with Muslims living in totalitarian societies whereby governments control the
media and believing the most powerful country in the world can't or doesn't is does not make sense, especially
since they know that America polices the Internet for child pornography and Internet gambling is prosecuted. At
the same time people in these same countries used Twitter, Facebook and other portals on the Internet under the
mantra of Free Speech during The Arab Spring. As such enlighten leaders like President Magariaf has asked
both sides to be mutually respectful.
From my brother Jan
Dear Gregory:
Please add to your weekly reading list:
"Republican is Not a Four-letter Word: Why African Americans Must Stop Their Monolithic
Supportfor the Democratic Party; and Why That's Important to Every Americans' Future." by JR
Adams.
Available at Amazon
PoliticsThis Week
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As Sanjay Sanghoee pointed out in his piece this week in The Huffington Post, How Romney Fail as a CEO?,
is that Romney's business experience as the CEO of Bain Capital does not necessarily give him the skills and/or
experience required by the President of the United States, Commander and Chief and Leader of the Free World.
Especially since Romney has not demonstrated the qualities of a good CEO lately. Despite all the press about his
hands-on management style for the campaign, his missteps on several mission-critical fronts show that he is
actually a poor leader, or at least not ready for primetime.
He has been unable to keep his party on message, questioning his management skills in a political environment
where you can't fire people or entice them with bonuses The one thing that every smart CEO knows is that his
employment depends upon the shareholders and whatever else he does, his biggest responsibility is to look after
their interests. As a political candidate, Romney's shareholder base is the entire American public, and so logic
dictates that he should be sensitive to the needs of people from all walks of life. But Romney has made it clear
on many occasions that the only constituencies he cares about are wealthy individuals and major corporations,
while low to middle-income Americans are really not his concern. That is blatantly unprofessional and brings
into question the Republican challenger's suitability for running even a Chick Fil-A, forget the United States of
America.
Even Republicans question his principals with his flip-flops on universal healthcare, contraception, and gay
marriage to gun control from his time as Governor of Massachusetts to his current Presidential run indicates a
lack of resolve and purpose. Or as the writer say, "quite simply, he seems to go whichever way he thinks the
wind is blowing, and is willing to compromise his principles in wrier to pander to the far-right wing of the
GOP." Even his pick of Paul Ryan for Vice President shows that he cannot decide which way he wants America
to go; on one hand, he advocates lower taxes and deep cuts in government spending but on the other is hesitant
to embrace Ryan's complete road map for fear that it is too extreme.
The fact that he truly doesn't understand Good Public Relations, having offended the British People and by
putting his foot in his mouth again and again, he has eroded the credibility of his platform and the GOP itself.
"For starters, his repetitive vow to repeal Obamacare if elected, combined with his hammering of the "welfare"
state, has firmly positioned the Republicans as being insensitive to the needs of working class Americans. As if
that was not enough, his infamous "47%" remark conveys the image of a man who is willing to alienate half the
nation, not to mention that his reasoning itself is flawed: while some people may not pay income tax, they still
pay payroll and sales taxes and some simply enjoy loopholes which means that they are likely middle class or
rich and not the welfare-loving freeloaders that Romney automatically assumes them to be. And finally, his
gratuitous criticism of Obama after the killing of the American ambassador to Libya only made him appear as an
opportunistic jerk rather than Presidential. For someone vying to be America's front-man to the world, Romney's
public relations skills are shockingly."
But the biggest deficit in Romney is that he has No Clear Plan of Action. Romney's plan for fixing America's
economy is vague and unconvincing. Other than advocating the cutting of taxes and government spending, he
has not put forward any concrete ideas about how to actually spur economic growth. By relying on dubious
trickle-down economic theories that have been discredited by many economists, and by adopting the attitude that
once the government gets out of the way, the private sector will solve all our problems, Romney has chosen to
deflect the question rather than addressing it. And if this doesn't disqualify Romney for your vote, nothing
will
As Michael Cooper pointed out in his article this week in The Washington Post, Obama Fills in Blanks of
Romney's Plans, and Sees Falsehoods, that Romney's vague policies and solutions allow others to fill in
the blanks to his disadvantage, including Republicans. EXAMPLE: The Obama campaign has run
advertisements charging that Mitt Romney's Medicare plan "could raise seniors' costs up to $6,400 a year and
that his tax proposal "would give millionaires another tax break and raises taxes on middle-class families by up
to $2,000 a year." To be honest the charge that future Medicare beneficiaries could face $6,400 in higher costs
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comes from an analysis of an old proposal by Mr. Romney's running mate, Representative Paul D. Ryan, that has
since been revised, a point that President Obama himself acknowledged in a speech last week.
Mr. Ryan's original plan called for giving future beneficiaries fixed amounts of money to buy private insurance
— and it limited the growth of those payments to the rate of inflation. Since health care costs rise faster than
inflation, such a plan would leave beneficiaries to face higher costs. Mr. Ryan then revised his plan, and Mr.
Romney has further altered it. The Romney campaign's policy director, Lanhee Chen, wrote last month that
while older people with higher incomes may be asked to pay more, "all seniors will be guaranteed sufficient
support because the support is actually set based on what plans will cost." But the campaign has yet to detailed
how the plan would work.
The Obama campaign's television ad charging that Mr. Romney would raise taxes on the middle class was found
to be accurate by several fact-checking organizations, even though it runs directly counter to Mt Romney's
pledge that he will not do so. The ad is based on an analysis of Mr. Romney's vague proposals by the Tax Policy
Center, a nonpartisan group, which found that it was impossible for his plan to achieve all of its stated goals. Mt
Romney wants to cut income tax rates by 20 percent while continuing to collect the same amount of revenue by
eliminating tax breaks — all without raising taxes on the middle class. And the center projected that the tax
cuts alone would reduce revenues by $456 billion in 2015. But the center's director, Donald Marron, later wrote
that he did not read the analysis as "evidence that Governor Romney wants to increase taxes on the middle class
in order to cut taxesfor the rich" but rather as "showing that his plan can't accomplish all his stated objectives."
The truth is that neither President or Mitt Romney will be able to cut taxes and maintain popular social programs
like Medicare and Medicaid that Americans overwhelmingly love and support, and Romney's tweaking here and
there are only resulting in more blanks allowing the Obama campaign to take advantage of the many unknown
details of Mr. Romney's policy proposals by filling in the blanks in the least flattering light, often relying on the
findings of research organizations. Although I disagree with Michael Cooper, because I truly believe that many
of Romney's economic plans won't work and if the details came to light they would be overwhelmingly be
rejected by the American public, which is why Romney and Ryan are trying to patch each leak without
presenting a cohesive plans that they feel confident to stand behind and will be supported by American voters
Ruth Marcus' article in The Washington Post this week, Romney's tax plan, by the numbers she asserts that,
"there are threefallacies and two dangers at the heart of Mitt Romney's tax policy' The first is the argument
that cutting personal income tax rates would lead to economic growth robust enough to help pay for a big chunk
of the cuts. The second, related, fallacy is the contention that raising rates on top earners would hurt growth. The
third is that raising capital-gains rates would be even more harmful. To be clear: Holding everything else equal
(ignoring, for example, the economic drag of bigger deficits), lower tax rates are better than higher ones. A
simpler tax code would be far preferable to the current byzantine mess. Lowering rates and broadening the base
is a dandy idea — when done in a way that also raises badly needed new revenue. But done the way Romney
proposes, with the goal of merely avoiding greater debt. Even if that hinges on the faith-based assertion that this
revenue neutrality can be achieved through the ensuing miracle of faster economic growth.
First, would lower rates, as Romney claims, produce economic growth? "Past changes in tax rates have had no
large clear effect on economic growth," the nonpartisan Congressional Research Service (CRS) concluded in a
December review. Consider: The economy grew at 3.9 percent from 1950 to 1970, when the average top
marginal income tax rate was 84.8 percent. From 1987 to 2010, when the average rate was less than half that
(36.4 percent), economic growth was far less robust, 2.9 percent. This comparison might be misleading because
multiple factors affect the economy, so the CRS looked at a shorter, more recent time span. From 1987 through
1992, the top average marginal income tax rate was 33.3 percent. Economic growth averaged 2.3 percent From
1993 through 2002, after taxes increased under President Clinton, the average top marginal rate was 39.5
percent. Economic growth averaged 3.7 percent Finally, from 2003 through 2007, after the Bush tax cuts, the
average top marginal rate was 35 percent. Economic growth averaged 2.8 percent. If you were going to make a
causality argument from these figures, it would be that lower taxes correlate with lower growth. Such a leap isn't
justified — but where is the proof supporting Republicans' insistence that lower rates fuel growth?
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Second, and this is at the heart of the current debate over letting the Bush tax cuts expire, would raising rates on
upper-income taxpayers threaten growth? A new CRS report suggests not — but it underscores the risk of the
other danger, increasing income inequality. Lower top rates do not correlate with increased savings, investment
or productivity, the CRS found. Top tax rates, it concludes, "appear to have little or no relation to the size of the
economic pie." But lower top rates do help the rich serve themselves a heftier slice of that pie. Reducing top
rates, the CRS noted, appears "associated with the increasing concentration of income at the top." Which leads
to the final question: whether lower capital-gains rates, whose benefits flow overwhelmingly to the wealthiest,
are justified.
Romney told CBS News' "60 Minutes" that his own 14 percent effective income tax rate in 2011 was fair
because lower taxes on investment are, repeat after me, "the right way to encourage economic growth."
Leonard Burman of Syracuse University's Maxwell School looked at capital-gains rates over six decades and
found no correlation with economic growth. Look at his graph and you'll see: The two lines — capital-gains
rates and growth — bear no relation to each other. "There is no apparent relationship," Burman told the Senate
Finance Committee last week. "Cutting capital gains taxes will not turbocharge the economy, and raising them
would not usher in a depression."
Ms. Marcus: At a moment that demands seriousness about the debt, the country is trapped in a tax debate
premised on unproven assertions and flawed history. It risks producing fiscal chaos and social instability.
think a numbers guy would at least look at the numbers before taking this dangerous tax leap.
First it was the Liberal Media and now Conservatives are saying that it is a conspiracy to skew polls showing
President Obama with a growing lead over Mitt Romney are deliberately being skewed by the Liberal
Mainstream Media hoping that Republicans will be disheartened and stay home on Election Day. But as Eugene
Robinson wrote this week in The Washington Post, Republicans deluded by 'skewed'polls, they should look at
their behavior, policies and programs that have scared the elderly, told black and Hispanic voters that they were
not included, promised to repeal programs that help students led by a Presidential candidate who 47% demeaning
comment that the half of the country that pays no Federal income tax. have no incentive to restrain spending and
are moochers living on the government. The truth is of the 47 percent of Americans who pay no federal income
tax, two-thirds pay federal payroll tax. Most of them aren't making a lot of money; a couple with two children
has to earn less than $26,400 to pay no income tax. Altogether, only a tenth of Americans pay no federal tax, and
most who pay neither income nor payroll tax are retirees.
As Eugene Robinson say: "Voters blame the GOP more than they blame Obama and the Democratsfor the
gridlock and brinkmanship that have characterized much of the president's time in office. The Republican Party
has taken stands on issues such as abortion and immigration that big segments of the electoratefind extreme and
unacceptable. Moderate Republicans, as a political species, are all but extinct. If a polling sample shows
Democrats outnumbering Republicans by, say, 32 percent to 24 percent (with most of the rest calling themselves
independents), GOP partisans shouldn't worry about a conspiracy. They should worry that this is a snapshot of
how Americansfeel about the two major parties. It's not the polls, it's the policies. Now that's a reason for
Republicans to be depressed."
As Thomas Friedman wrote this week in the New York Times, The World We're Actually Living In — FOR the
first time in a long, long time, a Democrat is runningfor president and has the clear advantage on national
security policy. There is a reason President Obama is leading on national security, and it was apparent in his
speech last week, which showed a president who understands that we really do live in a more complex
world today. Rather than really thinking afiesh about the world, Romney has chosen instead to go with the same
old bacon and eggs — that the Democrats are toothless wimps who won't stand up to ourfoes orfor our
values, that the Republicans are tough and that it is 1989 all over again.
Thefunny thing is that the one area where Romney could have really challenged Obarna on foreign policy was
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on the president's bad decision to double-down on Afghanistan. But Romney can't, because the Republican Party
wanted to triple down. So we're havingar debate about how to extricate ourselvesfrom our biggestforeign
policy mess and a cartoon debate — (=tough; he's not" — about everything else. In that sense, foreign policy
is a lot like domestic policy. The morning after the election, we willface a huge "cliff": how to deal with
Afghanistan, Iran and Syria, without guidancefrom the candidates or a mandatefrom voters. Voters will have to
go with their gut about which guy has the best gutfeelfor navigating this world. Obama has demonstrated that
he has something there. Romney has not. We live in an increasingly complex world which businessman Romney
doesn't come close to understanding.
Saying of the Week
Much like the Arab Spring Does a caterpillar know that it is going to be a butterfly....?
2012 Darwin Awards
Nominee No. 1: [ San Jose Mercury News]:
An unidentified man, using a shotgun like a club to break a former girlfriendaETMs windshield, accidentally shot
himself to death when the gun discharged, blowing a hole in his gut.
Nominee No. 2: [ Kalamazoo Gazette]:
James Burns, 34, (a mechanic) of Alamo , MI , was killed in March as he was trying to repair what police
describe as a "farm-type truck." Burns got a friend to drive the truck on a highway while Bums hung underneath
so that he could ascertain the source of a troubling noise. Burns' clothes caught on something, however, and the
other man found Burns "wrapped in the drive shaft."
Nominee No. 3: [ Hickory Daily Record]:
Ken Charles Barger, 47, accidentally shot himself to death in December in Newton , NC . Awakening to the
sound of a ringing telephone beside his bed, he reached for the phone but grabbed instead a Smith & Wesson 38
Special, which discharged when he drew it to his ear.
Nominee No. 4: [UPI, Toronto ]:
Police said a lawyer demonstrating the safety of windows in a downtown Toronto skyscraper crashed through a
pane with his shoulder and plunged 24 floors to his death.? A police spokesman said Gany Hoy, 39, fell into the
courtyard of the Toronto Dominion Bank Tower early Friday evening as he was explaining the strength of the
buildings windows to visiting law students. Hoy previously has conducted demonstrations of window strength
according to police reports. Peter Lawson, managing partner of the firm Holden Day Wilson, told the Toronto
Sun newspaper that Hoy was "one of the best and brightest" members of the 200-man association. A person has
to wonder what the dimmer members of this law firm are like.
Nominee No. 5: [The News of the Weird]:
Michael Anderson Godwin had spent several years awaiting South Carolina's electric chair on a murder
conviction before having his sentence reduced to life in prison. While sitting on a metal toilet in his cell
attempting to fix his small TV set, he bit into a wire and was electrocuted.
Nominee No. 6: [The Indianapolis Star]:
A Dunkirk , IN man, using a cigarette lighter to check the barrel of a muzzleloader, was killed Monday night
when the weapon discharged in his face, sheriffs investigators said. Gregory David Pryor, 19, died in his
parents' rural Dunkirk home at about 11:30 PM. Investigators said Pryor was cleaning a 54 caliber muzzle-loader
that had not been firing properly. He was using the lighter to look into the barrel when the gunpowder ignited.
Nominee No. 7: [Reuters, Mississauga , Ontario ]:
A man cleaning a bird feeder on the balcony of his condominium apartment in this Toronto suburb slipped and
fell 23 stories to his death. "Stefan Macko, 55, was standing on a wheelchair when the accident occurred," said
Inspector Darcy Honer of the Peel Regional Police. "It appears that the chair moved, and he went over the
balcony," Honer said.
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Finally, THE WINNER!!!: [ Arkansas Democrat Gazette]:
Two local men were injured when their pickup truck left the road and struck a tree near Cotton Patch on State
Highway 38 early Monday. Woodruff County deputy Dovey Snyder reported the accident shortly after midnight
Monday. Thurston Poole, 33, of Des Arc, and Billy Ray Wallis, 38, of Little Rock, were returning to Des Arc
after a frog-catching trip. On an overcast Sunday night, Poole 's pickup truck headlights malfunctioned.
The two men concluded that the headlight fuse on the older-model truck had burned out. As a replacement fuse
was not available, Wallis noticed that the .22 caliber bullets from his pistol fit perfectly into the fuse box next to
the steering-wheel column. Upon inserting the bullet the headlights again began to operate properly, and the two
men proceeded on eastbound toward the White River Bridge .
After traveling approximately 20 miles, and just before crossing the river, the bullet apparently overheated,
discharged and struck Poole in the testicles. The vehicle swerved sharply right, exited the pavement, and struck a
tree. Poole suffered only minor cuts and abrasions from the accident but will require extensive surgery to repair
the damage to his testicles, which will never operate as intended.
Wallis sustained a broken clavicle and was treated and released. "Thank God we weren't on that bridge when
Thurston shot his balls off, or we might be dead," stated Wallis
"I've been a trooper for 10 years in this part of the world, but this is a first for me. I can't believe that those two
would admit how this accident happened," said Snyder.
Upon being notified of the wreck, Lavinia Poole ( Poole 's wife) asked how many frogs the boys had caught and
did anyone get them from the truck?
Though Poole and Wallis did not die as a result of their misadventure as normally required by Darwin Award
Official Rules, it can be argued that Poole did in fact effectively remove himself from the gene pool.
This Week's Musical Offerings
Having grown up listening to Bill Evans and having the honor and pleasure to play with him on
several occasions I would love to share a little Bill Evans with you this weekend.... Please enjoy....
The Dave Brubeck Quartet - Take Five - and
httpillyorttu.beinzpnWuk3Rfil
The Dave Brubeck Quartet (Live 1066) - Take Five
v= afE92 hKz14 la next= bilist=PLC340276DD3D8C878& eature=resztlts video and
The Dave Brubeck Quartet - Blue Rondo A La Turk - and
htti&youtu.be/kc34Uj8wbnE
The Dave Brubeck Quartet - Like Someone in Love -
v=QFoapaPvZyidfeature=BFa&list=PL97FBAAADB684D30B and
v=QFoapaPvZyJdfeature=shatr&Itst=PL97FBAAADB684D30B
Dave Brubeck - Koto Song — 1966 - and
httpillyoutu.be/0Oa
Bill Evans with Jeremy Steig - Spartacus Love Theme - and
httpillyorttu.be/zF54tio1P1Q
Bill Evans - Peace Piece - and
httpillyorttu.be/Nv2GgV34q1g
I hope that you enjoyed this week's offerings....
Sincerely,
Greg Brown
Gregory Brown
Chaim= & CEO
GlobatCast Partners, LLC
US: +I-415-994-7SSI
EFTA01181706
Tel: +I-800-406-5892
Fax: +1-310-R61-0927
rown1970
EFTA01181707
ℹ️ Document Details
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