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you know what billionaires are doing with their tax cuts? "investing" in off-shore hedge funds &

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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 06:48 PM
Original message
you know what billionaires are doing with their tax cuts? "investing" in off-shore hedge funds &
commodity speculation.

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piratefish08 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 06:50 PM
Response to Original message
1. wrong! the JOBS are coming! a job tsunami is on the way!!


:sarcasm:
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Cali_Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 06:52 PM
Response to Original message
2. Not only that
Edited on Wed Dec-08-10 06:53 PM by Cali_Democrat
If you look at the Fed's "quantitative easing" policies, much of that money is making it's way into commodities and developing countries.

Countries like China have had to raise borrowing costs and restrict the money supply in order to stop the tsunami of dollars coming to their shores and causing inflation.

If the money does stay here, it's used to pump up the stock market which was one of Bernanke's stated goals.
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leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 07:40 PM
Response to Reply #2
7. +1
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bluesmail Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 07:01 PM
Response to Original message
3. or they are using those billions on up front attorney fees.
:shrug:
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femrap Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 07:29 PM
Response to Original message
4. Wheat is over $7.85
a bushel....so bread and anything with flour increases.

We're heading toward the 3rd World.
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Still Waters Donating Member (85 posts) Send PM | Profile | Ignore Wed Dec-08-10 07:34 PM
Response to Original message
5. They'll be using their tax cuts to fund the most vile, obscene, venomous
commercials ever seen to attack Pres. Obama and the Democrats. They'll also be investing heavily in the Republican party and its attack apparatus.
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Catherina Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 07:39 PM
Response to Original message
6. Nonsense Hannah. There will be plenty of jobs
Edited on Wed Dec-08-10 07:40 PM by Catherina
They'll build homes there and we can be their servants!

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applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 01:24 AM
Response to Original message
8. Exactly. It will go to create a transnational uber wealthy class that will
demand no taxes from countries like the USA. What will stop them?
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apocalypsehow Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 01:30 AM
Response to Original message
9. On a side note, Hannah, that Trotsky archive you linked to recently is a scholarly treasure trove:
Thanks!

:thumbsup:
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Mimosa Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 01:36 AM
Response to Original message
10. They have no allegiance to the USA. They know what THEY have done to our economy.
And they don't give a damn. Profits is all that matters to them.
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