Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (117868)	2/28/2009 9:19:16 PM
From: longnshort	Respond to of 132070

It's growing, I remember the first anti-nam marches in DC they were small Anti-stimulus crowd protests in Nashville 'tea party' Hundreds gather at Tennessee capitol to blast federal spending, power grab video>>> tennessean.com

To: Knighty Tin who wrote (117868)	3/1/2009 10:44:00 AM
From: Skeeter Bug	1 Recommendation Respond to of 132070

Knighty, the pros and cons fore CA's prop 1 series were totally written by the legislature and they DID NOT include any mention of the 2 year, $22 billion tax extension. not a word. in addition, they seek to undo proposition 13 by requiring only a 55% vote to raise taxes instead of the prop 13 ordained 2/3 vote. they are selling it as a spending cap, but it isn't. it is a proposition that extends the recent tax increases by 2 years and $22 billion, lowers the vote threshold to raise taxes to 55% (ignoring prop 13) and allows the state to continue to increase spending as long as they increase taxes with their 55% majority. the CA government has mounted a full scale attack on their citizens. the folks might not be roused up enough, but they will be. unemployment in the private sector is "officially" well over 10% and, including all the underemployed and frustrated job seekers, closer to 20%. and job losses are still accelerating and it is awful hard to find a job when companies are laying off thousands at a time. and the state of CA needs more money to feed the beast. they will be back again for more and with a 55% vote requirement, i could see sales tax well over 10%, income tax 15%, another $0.50 per gallon gas tax. as one CA legislature put it, "i don't know what the tax limit is on californians, but we aren't there yet." iow, he's going to try and find out.