The Watering Hole: April 17, 2012 – Tax Day

I don’t think you’ll need reminding do you? If anybody should have an “Oops”-moment here’s the extension form.

Mitt Romney has filed an extension. This comes hardly as a surprise, given how complicated it is to track down all those investments all over the planet and to get a nice tax rate about some 15%. Honestly, is it worth the trouble? Look what you have to do to get it.

You have to shovel 100 million into a trust for your sons and, boy, is it complicated to get rid of that pesky gift-tax. But then, which parent doesn’t want their kids to have it better in life?

Look what you have to go through to get it. People actually try and ask you questions about your very personal decision how to optimize your own tax-load. Disgusting really. No respect whatsoever. But then, can you really just talk to your friends and donors nowadays without getting slapped around by the press. No way. Interfereing lot those hacks. And again they mention taxes. And Swiss bank accounts.

No friends, it is not that easy to avoid paying taxes, really not. But then, if Mitt were President…..

The Watering Hole: Super Tuesday, March 6th – Is this really important?

In a way the Republican Primaries tonight are important, they will need a nominee eventually. Presumptive Candidates fall all over each other in Marx-Brothers-Sans-Brains fashion and it is more or less entertaining. Or, it would be entertaining, if this wasn’t supposed to be the choice of the man who was to lead one of the World’s remaining superpowers. The last time around they have presented us Sarah Palin and we thought it was a horrible abberration. This time around they stacked the whole deck with similar dunces and treat the world to a first class train crash to watch.

On the other side of the intellectual divide there is this cool and collected man, doing what needs to be done for your country in a very pragmatic and undogmatic way.

For many Europeans the re-election of President Barack Obama is a no-brainer. If we seriously look at the difference of the four vs the one, the Republican Primaries tonight are not really important after all.

This is our Open Thread. What is important to you?

The Watering Hole: Tuesday January 17 – Fort Sumter

The siege on Fort Sumter was the starting point for the civil war in 1861. I keep reading allegations to this in lots of tweets and blog posts that refer to yesterday’s debate. It must have been quite a spectacular show, for those among us, who are not queasy and, of course, for us Europeans who won’t be living under a Republican President, if one was elected this year.

The crowd must have been especially mean-spirited leading one of the Economist’s live bloggers to comment

I think this crowd will be disappointed when informed that there will not in fact be a public hanging later in the evening.
by W.W.4:18 AM

and another says:

As crowds go, only the Tea Party audience in the Nevada debate came close to this level of red-meatism. Agree/disagree?
by A.K. 4:26 AM

You can read all live-blog comments, many very amusing, on The Economist here.

The Guardian mentions the hem..hem.. let’s call it rather unusually rowdy atmosphere as well, but only in passing

The debate was conducted against a noisy background, with 3,000 partisan Republicans in the hall, booing and heckling, saving applause for their favourites, mainly Gingrich and former senator Rick Santorum. Romney, viewed as too moderate in right-leaning South Carolina, appeared to have failed to fill the hall with his supporters.

While Der Spiegel thinks it’s worth a full story:

Und so wird es immer schlimmer. Perry fabuliert, die Türkei werde von islamischen Terroristen regiert (Jubel). Er verwechselt die Taliban mit al-Qaida (Jubel) und den Irak mit Afghanistan (Jubel). Er verwehrt sich dagegen, die mutmaßliche Taliban-Leichenschändung durch US-Marineinfanteristen zu kritisieren (Jubel) – die Männer hätten doch nur “einen Fehler gemacht” (Jubel). Ach ja: Und er will die Immobilienkrise lösen, indem er verschuldete Hauseigentümer sich selbst überlässt (Jubel).

And thus it gets worse and worse. Perry opines Turkey was governed by islamic Terrorists (Cheers). He mixes up Taliban and Al Qaida (Cheers) and Iraq and Afghanistan (Cheers). He refuses to criticise the (alleged) desecration of Taliban corpses by US Marines (Cheers) the men had just “made a mistake” (Cheers). Oh yes: And he wants to solve the real estate crisis by  leaving indebted home owners to fend for themselves (Cheers).

So, back to Fort Sumter. All kinds of civil war are going on in the US. The “War on the Middle Class” (that will turn into a War on the Poor for want of a Middle Class soon)  and the “War on Civil Liberties” being the ones fought most prominently. There may even be a break-up of the Union in the not so distant future, politically the “War on the Federal Government” will be fought this summer when the Presidential campaigns will be in full swing. And won’t the 1% just love it to sick the states against each other to get all remaining regulations off the table and make the states compete for their attentions. Don’t believe it ? The USSR only took a couple of years to fully break apart, something that was unthinkable only 30 years ago, remember ? The US is in not much better shape these days. And people like the ones in yesterday’s audience are the perfect footsoldiers for such a development.

I almost regret that I won’t be watching Thursday’s debate either. On second thoughts, no I don’t.

As a matter of form: Newt Gingrich was dubbed yesterday’s winner and Mitt Romney the loser in most news sites I read.

This is our Daily Open Thread.

The Watering Hole: Tuesday, September 13 – Republican Election Machine

The Debate is over. Nothing new, except for Ron Paul being even more callous than I thought possible. Isn’t he a doctor by profession? Wasn’t there a thing called the hypocratic oath? (ht: peteIngh)

This is our Open Thread. Give us your take on yesterday’s, today’s or tomorrow’s news.

All cartoons are posted with the artists’ express permission to TPZoo.
Matt Davies
CTNews

Monetary Warfare – Switzerland pegs its currency to the Euro

In a surprise move the Swiss National Bank (SNB) has fixed the exchange rate to the Euro. They won’t suffer it to fall below CHF 1.20 anymore. There is no limit to currency purchases to make this happen, the SNB says.

Right wing billionaire and godfather of the Swiss People’s Party (SVP) Blocher declared the currency situation a “war” that needs to be won now by the SNB. Well, his buddies won’t be any worse off…

I am not so sure if it can be won. Swiss real GDP is some126 bn. The Eurozone’s combined GDP is about 12 trillion.  There are 77 bn Swiss Francs out there, but 4.7 trillion Euros. (M1)

You might as well try and empty the Zurich Lake with a teaspoon.

Breaking News: New York State’s Marriage Equality Act – Almost There? PASSED!

Tonight, the New York State Senate passed the religious exemptions amendment to Governor Cuomo’s Marriage Equality Act, 36-26. This is an exciting and important step forward, bringing the MEA much closer to becoming a reality.

State Senator Steve Saland (R-Poughkeepsie) made the all-important move from undecided to ‘Yes’.

Watch the live feed from the New York State Senate here, as Senator Saland is going to speak shortly.

Also, Rachel Maddow is covering this live.

10:30pm UPDATE!!! By a vote of 33-29, the New York State Senate becomes the first Republican-controlled legislative body to pass a Marriage Equality Bill.

“Calloo, Callay, O Frabjous Day!