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HughBeaumont

HughBeaumont's Journal
HughBeaumont's Journal
February 7, 2012

Yahoo Commenters: reinventing ways to say the "N" word:

http://finance.yahoo.com/news/gardening-golfing-mall-192402034.html

The Pigshit Hog Waller of the Internet proves again and again and again that racism is still very much a problem in this country, just in case anyone thought differently.

It's the price you pay for Free Speech absolutism, I guess . . .
February 5, 2012

Money Magazine: "Retirement Savings: Will $4 Million be Enough??"

http://finance.yahoo.com/news/retirement-savings-4-million-enough-195700684.html



One more issue that goes to the heart of retirement planning -- how do you know whether you're saving enough to give yourself a realistic shot at a secure retirement?

You hope to have $4 million socked away by the time you retire in 30 years. But what does that figure represent? Is it the amount you project having based on how much you save and what you expect your investments to earn? Is it the amount you think you'll need to maintain your pre-retirement lifestyle?

It's hard to get an accurate fix on how much you'll need to save for a retirement that won't begin for several decades. There are a lot of unknowns -- how much you'll earn in the future, what sort of lifestyle you'll lead over the next 30 years, how long you'll live.

You may not be able to save as much as you envision due to layoffs or higher-than-expected living expenses. Your investments might not earn what you expect. You could be forced into retirement earlier than you wish by health problems or a "rightsizing" at work. No one can foresee how things will shake out over the next 10 years, let alone the next 30. By going to a tool like our Retirement Planner or T. Rowe Price's Retirement Income Calculator, you can make some reasonable assumptions about how much you'll need for retirement, how much you should save and how you should invest. From that, you can get a sense of your chances of achieving a secure retirement.


Walter, four million might as well be four BILLION to about 95% of us. Realistically tell me HOW someone that makes a flat, never changing-in-real-dollars wage of 50-70 thousand a year (if wage trends since 1979 tell us anything) is going to be able to save/compound $4 million in 30 years. Is this person the luckiest commodities trader/stock picker/human being on earth? Plans like this only work if you have no life landmines. AT ALL.

You have to have the right career that makes green out the yin-yang, you can never have a layoff, you can never have a bad financial emergency, you can never have student loan debt, every financial move you make, every buy and sell and shift to cash and entrance - every move has to be the RIGHT one.

That pie-in-the-sky annual rate of return they assume in most financial self-help books isn't happening with regularity in a laissez-fail Boom-Bubble-CRASHfest known as the American economy.

America is no longer time accommodating if a "Plan B" means a relatively quick career switch. We no longer have plants or factories hiring for a living wage on these shores.
February 4, 2012

A scary look into the mind of a Paul supporter (typed verbatim, unedited) . . .

Me on FB, regarding Ron Paul:

A career politician who's a Republican, an Economic Darwinist, a social safety net destroyer, anti-choicer, anti-human rights, proudly displays photos of him with the man who tossed America's economic future off of a cliff (Reagan), a states rights guy (gee, what do I tell Oklahoma's gay people and women? "Move"??) and would make life far easier for corporations and the rich than it already is, despite people believing the contrary? No thanks.

He doesn't gel with my values. I can't slit poor people's throats in cold blood and concede this nation to the neo-fascists. It'd be a defunded, crime-rampant free-for-all run by the likes of Oathkeepers, corporate "persons" and birfers.

But hey, if weed becomes legal, I bet that will all be worth it . . .

Paul supporter on FB (XXX is me, nothing has been altered):

career politician?(was out of congress over a decade delivering babues)Clinton ran the economic future over a cliff I don't live in Oklahoma not my problem.If you mean make life easier by forcing them to compete instead of Bailouts(your boy Obammie and George Jr)Sorry XXX Your wrong on the poor people (thats Mittens)maybe you should do a lil more research on the republican there XXX he continuously puts down the neocons ans wants to eventually end the federal reserve and I guess sending troops home is the same as slitting there throat????you talk about being poor like you know what it's like well I do first hand and I have busted my tail to get what I want I don't want big brother telling me what I can do where and when i can go if thats your thing and you want to keep listening to the mainstream neocon oligarchy driven beats to the rhyme then enjoy sorry your little 5 minute disertation from the main media ain't right wanna know what the man really stands for and be the "smart guy " you act like on here I challenge you on an intellectual level feel free to check out ronpaul2012.com Neocon indeed!!!



Oh, and he said he'll be back.

Great. Can't wait.

What do I do with that?

January 26, 2012

Thomas Friedman, shill for the 1% and Corporate America: Average is Over.

http://www.nytimes.com/2012/01/25/opinion/friedman-average-is-over.html?src=me&ref=general

In the past, workers with average skills, doing an average job, could earn an average lifestyle. But, today, average is officially over. Being average just won’t earn you what it used to. It can’t when so many more employers have so much more access to so much more above average cheap foreign labor, cheap robotics, cheap software, cheap automation and cheap genius. Therefore, everyone needs to find their extra — their unique value contribution that makes them stand out in whatever is their field of employment. Average is over.

Yes, new technology has been eating jobs forever, and always will. As they say, if horses could have voted, there never would have been cars. But there’s been an acceleration. As Davidson notes, “In the 10 years ending in 2009, [U.S.] factories shed workers so fast that they erased almost all the gains of the previous 70 years; roughly one out of every three manufacturing jobs — about 6 million in total — disappeared.”

snip

What the iPad won’t do in an above average way a Chinese worker will. Consider this paragraph from Sunday’s terrific article in The Times by Charles Duhigg and Keith Bradsher about why Apple does so much of its manufacturing in China: “Apple had redesigned the iPhone’s screen at the last minute, forcing an assembly-line overhaul. New screens began arriving at the [Chinese] plant near midnight. A foreman immediately roused 8,000 workers inside the company’s dormitories, according to the executive. Each employee was given a biscuit and a cup of tea, guided to a workstation and within half an hour started a 12-hour shift fitting glass screens into beveled frames. Within 96 hours, the plant was producing over 10,000 iPhones a day. ‘The speed and flexibility is breathtaking,’ the executive said. ‘There’s no American plant that can match that.’ ”


Hear that? It's BREATHtaking!!!

He's cheerleading executives that liken militaristic gross servitude in the name of winner take everything capitalism as they would describing a Van Eyck painting.

Thomas Friedman. Just when you think the Life Lottery Winner couldn't get any more shameless . . .
January 26, 2012

Monster Worldwide cautious on 2012; to cut jobs

http://www.reuters.com/article/2012/01/26/monsterworldwide-idUSL4E8CQ5EG20120126

Online recruitment firm Monster Worldwide Inc said it will reduce its global workforce by about 7 percent and forecast a first-quarter profit below analysts' estimates amid a weak job market in the United States.

The staffing sector -- seen as a barometer of economic health -- has been hit by a slowdown in Europe and an uncertain recovery in the United States, where the unemployment rate currently stands at 8.5 percent.

Iannuzzi does not expect a material change to the job market for the time being.

The company will cut about 400 jobs and consolidate some office facilities, and expects to record a pre-tax charge of $30 million to $40 million mostly in the first quarter.



Oh, irony, where is thy sting?
January 22, 2012

Dumb Letters to the Plain Dealer, Volume II: "How can I be of service, Boss?"



http://blog.cleveland.com/letters/2012/01/bain_capital_in_defense_of_ame.html

President Barack Obama has made his position clear: Free-market capitalism "never worked." His economic policy is built on hubris and cronyism where the judgment of rulers like himself determines business and worker winners and losers and is superior to the collective judgment of a free people. His buddies at General Motors and Goldman Sachs are bailed out, the equity of innocent bondholders is transferred to his United Auto Workers cronies and taxpayer funds are lavished on campaign contributors at Solyndra. He reveals his ignorance and inexperience, never having a job that relied upon providing a product or service that would be judged by the market.


Obama has GM and UAW cronies? And why exactly does one have to be a CEO/businessman to be a president? This is one of those ridiculous things the right says a lot, but in hindsight make not a damned bit of sense. Theoretically, government is not a business, nor should it be run as such (see: 1981-2009). Are we justifying the "plutonomy" here?

More disappointing is the Republican presidential candidates denying the moral and practical superiority of capitalism in bashing Mitt Romney and Bain Capital. Romney has provided a tepid defense with comments that every layoff is a "tragedy." My own layoff was anything but. Although at the time unpleasant, it turned into the greatest opportunity of my life.


Right. Sooooooooooooo, because it was a peaches-and-cream pillow-field landing for YOU, it's going to be that way for everyone. There's going to be no depression in wages, long job searches, loss of property, underemployment, stress, none of that? Gotcha.

Even the most successful businesses go through basic cycles of entrepreneurship, maintenance and decline. The declines provide fertile ground for the greatest growth. Layoffs are part of this; they allow businesses to survive, become more efficient and employ more in the future. Investment firms such as Bain facilitate business and individual retooling.

George Gary Thomas Rocky River



Funny . . . during the whole airlines debacle, the company that DIDN'T lay off workers (Southwest) grew to be the largest airline in the country. Ask Costco and various co-ops how they're "coping" without laying off workers. Ask Germany, who subsidized their workers rather than fire them, how badly their businesses are doing as a result. Oh wait, they recovered faster than us and have a lower unemployment rate.

Chop, chop, peon. Bossman needs him some TPS reports.
January 22, 2012

Krugman - It's Hard to Justify Low Tax Rates on the Rich.

Didn't see this posted on DU in the search, so .. .

http://www.chron.com/opinion/outlook/article/Krugman-It-s-hard-to-justify-low-tax-rates-on-2652950.php

The PD printed this one and everyone should read it because it states the painfully obvious in ways that a Fox slobberer will get it:

But the larger question isn't what Mitt Romney's tax returns have to say about Mitt Romney; it's what they have to say about U.S. tax policy. Is there a good reason why the rich should bear a startlingly light tax burden? For they do. If Romney is telling the truth about his taxes, he's actually typical of the very wealthy. Since 1992, the IRS has been releasing income and tax data for the 400 highest-income filers. In 2008, the most recent year available, these filers paid only 18.1 percent of their income in federal income taxes; in 2007, they paid only 16.6 percent. When you bear in mind that the rich pay little either in payroll taxes or in state and local taxes - major burdens on middle-class families - this implies that the top 400 filers faced lower taxes than many ordinary workers.

(snip)

Defenders of low taxes on the rich mainly make two arguments: that low taxes on capital gains are a time-honored principle, and that they are needed to promote economic growth and job creation. Both claims are false.

When you hear about the low taxes of people like Romney, what you need to know is that it wasn't always thus - and the days when the superrich paid much higher taxes weren't that long ago. Back in 1986, Ronald Reagan - yes, Ronald Reagan - signed a tax reform equalizing top rates on earned income and capital gains at 28 percent. The rate rose further, to more than 29 percent, during Bill Clinton's first term.

Low capital gains taxes date only from 1997, when Clinton struck a deal with Republicans in Congress in which he cut taxes on the rich in return for creation of the Children's Health Insurance Program. And today's ultralow rates - the lowest since the days of Herbert Hoover - date only from 2003, when former President George W. Bush rammed both a tax cut on capital gains and a tax cut on dividends through Congress.

January 19, 2012

Sherrod Brown??? SHERROD BROWN???? ET TU???

Just WHY???? WHY would you sponsor/support these bills, which wouldn't even stop online piracy?

Do all politicians get bought? Does anyone NOT have a price????

Are there REALLY NO good people anymore? Is there really NO true progressive representation in America (note; I almost said "anymore" . .. I don't believe there ever was to begin with)??

I got corporate sellouts in the Democratic party and Old Testament fascist shitbags in the Republican party. Economically, THERE IS NO OPTION (and yes, that includes Ron Paul, too).

You're a TeaHadist Republican? You got representatives. You're a moderate Democrat slightly to the left of center who likes them some Laissez-fail? Hell, you got plenty of those. Milquetoast sensible centrists? Come join us, it's beige in here! You love guns? NRA Republicans, baby. Hate taxes? You got your men by the hundreds. Likes you some Jesus? Come to the US Capital. Free Trade? Over half the House and Senate LUUUUURVES it!!! Want to see corporations rule the world, Friedmanites? DC's THE GATEWAY DRUG TO THAT!!!

WHERE DO I GO???

WHOSE IS MY VOICE????

I'm more or less voting not to be ruled by Bible.

"GET EXCITED!! I SUCK LESS THAN HE DOES!!!"

Get me the hell out of here . . .

January 13, 2012

So, apparently, the Plain Dealer is now the judge and jury of what we can and can't read.

I get to the comics section and find this:

Editor’s Note: Today’s “Non Sequitur” was withheld because it was deemed objectionable by Plain Dealer editors. A replacement strip was unavailable by press time.

Translation: “The Dumbest Columnist on the Planet and Right Wing Assclown Kevin O’Brien wet his diaper and threw his binkie at Brent Larkin and Terrence Eggers in disgust upon reading today’s ‘Non Sequitur’. After changing him, we decided that it would be in YOUR (the paying customer, that is) best interest to not read this comic strip that WE find objectionable. I mean, why should it be up to YOU to decide that? Really . . .”

This is 2012, assholes. I thought we were past this sort of Nixon-era nonsense?

So, does anyone have today's Non Sequitur . . . and it's kind of moot until I get home, since work's firewall blocks pretty much everything "entertaining"?

January 11, 2012

I’m insulted that any of these idiots are playing innocent regarding their economic Darwinism.

I’m thoroughly insulted, especially when it comes to Mitt Romney.

When this bastard won the NH primary, he proceeded to go into his usual talking point-a-palooza about how, because of Obama, “The middle class has been crushed ... our debt is too high and our opportunities too few."

Soooooooo, Mitt. Mitt. Fella. Pally. Are ya shittin’ us? The type of capitalistic practices you and your cronies have been pulling off for the past three decades had NOTHING to do with it? The Bewsh Borrow-n-Waste-O-Rama had NO part in this? Job offshoring/serial firing/cost cutting like there's no tomorrow while the Honey One Percenters got theirs in yearly lotteries . . . nothing to do with our current situation? REALLY?

Newt Gingrinch and Rick Perry did their best OWS impersonations this week . .. I guess Newt put out a PAC video highlighting R-Money’s Bain Capital adventures or something along those lines in a supremely hilarious attempt to make people think he doesn’t believe in the same vampiric capitalism Mittster believes.

Take a look at this chart, if you will:


Waaaallll, lookit that!!

Seems they ALL support predatory business-as-mutual vampire capitalism, including Doctor “anti-crony capitalism” Ron Paul himself!!

I’m insulted that you assholes even pretend to be on our side.

I’m insulted that you even say “I feel your pain”. Dude, just DON’T.

You know what I’d rather hear you say? I’d rather hear you say “Success is the ONLY thing. Poor people are lazy bastards and that’s why they’re poor. Equality is stupid, as is fairness. I love the lowest-possible-costing labor and I will scorch payrolls to get it. Firing? Really, I think of firing like I think of urinating . . . that is, I just don’t care one way or another because I’m a bloodthirsty sociopath. And, well, fuck you.”

This is what I would rather hear ALL of you say. Listening to your lying is getting grating, because then the lie spreads and gets regurgitated (see: all of Ron Paul’s followers who can’t see past “Legalize Teh Weed!!”).

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Member since: Fri Aug 13, 2004, 03:12 PM
Number of posts: 24,461

About HughBeaumont

If anyone's wondering why I haven't been here much lately, it's because I feel no one is learning anything from 2016. Neoliberalism is a thing and it doesn't win elections in the 21st Century. People want a candidate that's going to take strong, non-waffling stands on human rights the rest of the world enjoys. Enough living in the goddamned Reagan 1980s. Enough taking solar panels off the roof. Enough introducing more rightwingedness into American economics. Enough medical bankruptcies. Enough governing by mythology. Enough science denial. Enough of spitting on women, children, veterans and the LGBTQI community. Enough kicking the can. ENOUGH. America needs to move past it's "everything has to be about making a buck" bullshit. I'd prefer a candidate not born during the FDR/Truman administrations. No offense, but you had your time . . . and you got us Trump. Plus, I can't take another one of these still-Capitalist Boomer codgers yap on about "bootstraps" when college now costs a mortgage, necessity costs have been outpacing wage growth for 20 years and automation promises to kill more jobs than it creates. I don't want to hear what is or isn't "politically achievable". Kick-the-Can economics was never asked "How is it going to be paid for?". Tax Cuts for the rich were never given a spending limit. Folly wars were never asked "Why is this necessary?". Corporate Pork by the billions was and is always approved. America's safety net needs to be greatly expanded and retirement age needs to be drastically lowered. This country throws out far too many people that still have a decade or two of prime contribution left. If life doesn't get fairer for you or I pretty goddamned quickly, we aren't going to have much of one.
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