MORE SCARE CRAP FROM NEWSMAX…

MORE SCARE CRAP FROM NEWSMAX…THEY JUST WANT TO KEEP THOSE TAX CUTS FOR THE RICH.

THEY ARE SENDING THESE E-MAILS TRYING TO SCARE THE AMERICAN PUBLIC SO THAT THE BUSH TAX CUTS DON’T EXPIRE

Let’s face it, when it comes to NEWSMAX you are talking about the equivalent of FOX NEWS for the internet. Now they are sending these e-mails trying to scare people to see if they can muster support from Americans to continue with those obscene Bush tax cuts that has cost our nation so much loss revenue.

NEWSMAX heads the e-mail “An Urgent Message from Our Sponsor, The League of American Voters” and they throw in a jab at the President for taking “yet another vacation” as if Obama takes vacations as frequent and as long as Bush did…but they don’t mention that at all.

The e-mail says:

“Dear Reader:

While President Obama goes on another vacation (his 6th this year), leading economic figures are warning that the U.S. may face a full blown depression if the Bush Tax Cuts are not fully renewed this year.

As you know, the Bush Cuts automatically expire all at once on December 31st of this year. Your taxes will go up massively -- unless you act.

Nancy Pelosi and Harry Reid have vowed to bring a vote on the Bush tax cuts as early as September.

But they want their version of these "tax cuts."

Pelosi, Reid and Obama want tax increases for the most successful Americans making more than $200,000 a year, with additional hikes on capital gains and dividend taxes for everyone.

They conveniently forget that there is no such thing as a tax on the "wealthy." Such individuals simply stop spending or move their assets to tax sheltered investments.

If Pelosi-Reid-Obama get their way, they could trigger a deep depression.

That's not me speaking but a former Bank of England official who just this week issued an urgent warning, telling Americans to forget about a “double-dip recession.”

He says if we don’t extend the Bush Tax Cuts, a major depression will hit the U.S.

“If we don’t act fast, a plunge into Depression is a growing risk in . . . the U.S.,” writes economist David Blanchflower, in a column for Bloomberg News.

Martin Regalia, an economist for the U.S. Chamber of Commerce, echoed Blanchflower’s fears.

"That is going to be a bullet in the head for an awful lot of people that are going to be laid off and an awful lot of people who are hoping to get their jobs back," Regalia said.

This is on top of even more bad economic news from the Department of Labor, as new claims for unemployment benefits soared to 500,000 last week, a nine-month high.

As you know, we at the League of American Voters have been fighting to FULLY renew the Bush tax cuts, across the board.

You can't raise taxes in the middle of a terrible recession!

Senator Fred Thompson has led our national petition effort to Renew the Bush Tax Cuts.

I am glad to report that as of this moment close to 300,000 Americans have signed our petition demanding that Congress fully renew the Bush Tax Cuts.

Fred Thompson has been appearing in our TV ads and helping with our online campaign reaching millions of Americans.

We need to do more.

Momentum is gaining in our favor and we need to do more to persuade Congress to fully renew the Bush tax cuts.

Already our efforts are paying off. Three Senate Democrats have called for a full renewal of the Bush Tax Cuts.

We believe many more in the House and Senate will join this bipartisan effort to save our economy and avert a depression.

The League’s campaign has already made incredible progress, with close to 300,000 Americans signing our petition.

Dick Morris, the famous Fox News analyst, says the League "is one of the most effective organizations in America. It deserves your support."

It goes on and on asking for support and donations. It takes a lot of testicular fortitude to come up with this crap at this time. We know that we have been steadily losing revenue at the tune of over 500 billion dollars a year because the Bush tax cuts deprived our government from these revenues.

So what did we have to do to compensate for those lost revenues and fund two unnecessary wars? Why we borrowed the money from the Chinese…and that is a fact.

Do we really think that the rich are going to pass down those tax cuts to the poor and the middle class? If they haven’t done so by now they are not going to do it at all. And sadly, these are some of the same people who received those bail outs, those subsidies and received a very sweet tax break from Bush and the Republicans while they drove the economy into the ground.

NO, NEWSMAX, WE ARE NOT GOING TO BUY THIS CRAP…IT AMOUNTS TO “TRICKLE DOWN ECONOMICS” AND WE ALL KNOW THAT REAGANESQUE BULL SHIT JUST DOESN’T WORK…BETTER LUCK NEXT TIME SCARING PEOPLE.

I suggested in one of my posts that what we need is for the United States to open up a government run bank called “THE BANK OF THE UNITED STATES OF AMERICA” and instead of handing over large sums of money to financial institutions that are going to hoard it, we should let the government run bank issue loans and function as a bank to give the private banks real competition. Can you say: SCRAMBLE?

That is SOCIALISM you may say…you bet your ass it is…but it is the only thing that will bring competition and make these financial institutions step up to the plate and begin to loan out money again. No, it is not going to work the way it is because they are hoarding the money for two reasons: one because they are sabotaging any recovery and two; because TRICKLE DOWN ECONOMICS is bull shit.