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Coach Is Coaching Everyone To Go Galt

May 29th, 2009 Posted in Economy

California is no longer a state – it’s a hedge fund.

A great interview with the Craig T. Nelson and the new anti-christ of the Obama brownshirt brigade, Glenn Beck…  and it sums up what more and more people are thinking.

I am sure some are already doing it. (This is why the government needs to withhold taxes at source – unfortunately their real source of income is from those that pay voluntarily on a quarterly basis.)

Whoops! Another big surprise – US Federal tax revenue plunged $138 billion, or 34%, in April vs. a year ago — the biggest April drop since 1981, a study released Tuesday by the American Institute for Economic Research says.  Do the math  – that’s 1.656 Trillion a year if it holds month-to-month.

And the left is getting restless – even with Canada. From The World Socialist website:

Furor over soaring federal budget deficit – … the sharp rise in the projected deficit is caused by plummeting tax revenues, increased Employment Insurance (EI) claims, and the cost of the auto industry bailout. (Even they are against it)

The sharp contraction of the Canadian economy—the economy shrank at an annualized rate of 7.1 percent in the first quarter of 2009—and resulting declines in corporate profits and employment have caused a large drop in government revenue. Since October almost 350,000 fulltime jobs have been eliminated.

Solution (socialists version of ‘Going Galt’):

These developments underscore the urgency of workers adopting a radically new strategy. The working class must be mobilized in independent industrial and political action against all the attempts of big business and its political representatives to make the working class pay for the failure of the profit system through the cutting of jobs, wages, and public and social services, and in the fight for a workers’ government.

Hasn’t Obama fast-tracked that idea already?

If the anger I am reading on this socialist site is true, it doesn’t bode well for the poster child of socialists -  who are saying the same thing as Glenn Beck.

or is it because even they know it’s really fascism we’re really witnessing?

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