by Ted Rudow III,MA ( Tedr77 [at] aol.com )
Monday Jan 21st, 2008 11:52 AM
"President Bush, who will go down in history as the great tax cutter, owes almost all of his fortune to a tax increase that was funneled into his pocket.
What happened is, an oil man named Eddie Chiles wanted to sell his money-losing Texas Rangers baseball team. So George Bush put together a group of very wealthy investors to buy the team. He put up himself $600,000 of borrowed money. The partners then gave him a 10 percent stake as the managing partner.Then they held a special election in January of the year in question to increase the sales tax in the town of Arlington, Texas, by one half-cent. That money was used to build a new baseball stadium. It’s an incredibly nice baseball stadium.--
The value of this subsidy, according to Ray Hutchison, who is the husband of Senator Kay Bailey Hutchison, is a prominent Republican insider in Texas and is the leading authority on municipal bond finance in Texas, was $202.5 million. The profit that President Bush and his partners made when they sold the team was $164 million. What does that tell you? Every single penny of additional money President Bush got from that investment, his gain, came from the taxpayers. He did not add one cent to the value of that team through his skill as an MBA manager. This gets repeated all over the country.----But because it was coveted by President Bush and his friends, and they were unwilling to go into the market and buy it through market economics. So the government seized this land."
David Cay Johnston, Pulitzer Prize-winning investigative journalist.
A perfect picture of the certain self-destruction of corrupt Capitalism by its own selfish weakness and rottenness and cruelty, as predicted by both Marx and the Bible! So there you have it, in the plain Words of Scripture, especially in Revelation 17 and 18!--Read it! And even so shall be her own destruction!For thy merchants were the great men of the Earth, and by thy sorceries (the deceitfulness of riches and the witchcraft of wealth!) were all nations deceived! (American affluence is the dream of every country the world over, and her luxuries, sins and violence, from her music to her crimes, are imitated by nations around the world!
Ted Rudow III,MA