Thursday, June 21, 2012
by Ted Rudow III, MA ( Tedr77 [at] aol.com )
Thursday Jun 21st, 2012
"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.
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. Every single penny of additional money President Bush got from that investment, his gain, came from the taxpayers. He did not add on cent to the value of that team through his skill as an MBA manager.
And at the same time, a kind of corporate triumphalism, in which the corporations, the oligarchs, the plutocrats, running this country want to hold onto absolute power absolutely. So George Orwell anticipated a state as big brother, hovering over us, watching us, keeping us under surveillance, taking care of our needs as long as we repaid them with utter loyalty. But the capitalistic financier, they're all like a whole bunch Panders. Those who solicit business for a profits, and they've got a whole lot invested in this country, and they don't want to lose it. So they try to save her so they can save their investments, and they're trying to get the rest of the world save her, so they can save her and continue to make a little money on her.
It's totally artificial for them to support the dollar! If they'd just let the dollar sink down to where it belongs.
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!
Ted Rudow III, MA