Freedom To Invest Act

"Hey, Martha.  Com'mere.  There's this guy on the TV talkin' bout a new freedom act.  Som'in bout investin and gettin more jobs HERE.  Sounds purtty good fer a change."

That's how they're gonna sell this sack of manure to us.  And, what with the market falling all over itself and everybody still arguing about the debt ceiling, now's the perfect time for the latest crime against the American people to emerge.

Ya see, there's this law that allows American Corporations to make a ton of money overseas and not have to pay taxes on it.  But, if they bring the money  back into the states, like for instance to pay bonuses and dividends, the taxes are due.  So, a whole bunch of Corporations are flush with big overseas bucks and want to ship them back here to this fair land between the Atlantic and Pacific shores.  But, they don't want to pay any taxes on the money. 

So, instead they have dropped a few million bucks into the campaign war chests of a bunch of legislators.  The results were remarkably predictable.  There now is a bill,  The Freedom to Invest Act, making the rounds, quietly adding one after another lawmaker, and which you soon will hear about all over the news as a way to increase the number of jobs right here in the good ol' US of Corporate America. 

Here's John Chambers, CEO of Cisco, back in March.  http://www.cbsnews.com/video/watch/?id=7360936n    I suggest asking him just how many folks he plans to hire.  Last month they announced they'd be laying off more than 10,000 workers.  Nope, the money is gonna go into his pockets and into the pockets of other CEO's who run Corporations with overseas profits. 

The word for the day, people, is BOHICA.  Let me elaborate.  Bend Over, Here It Comes Again.

And again, and again.  Brought to you by America's greatest CEO's and the loyal legislators in both branches of the finest group of lawmakers money can buy.

Anytime the title of an act begins with the word "Freedom", you can bet it'll cost you some freedom - not the other way around. 

This is not an original thought, I'm merely bringing to your attention some stuff I've been reading about for the last several days.  But it's depressing enough that I'm also gonna tell you a joke a friend told me just today.  I've presented way too much gloom around the blog this last week.

Thanks to Lora B. for making me smile today. 

           Texas Beer Joint Sues Church In Mt. Vernon , Texas

Drummond's Bar began construction on expansion of their building to increase their business.

In response, the local Baptist Church started a campaign to block the bar from expanding with petitions and prayers. Work progressed right up until the week before the grand reopening when lightning struck the bar and it burned to the ground!

After the bar burning to the ground by a lightning strike, the church folks were rather smug in their outlook, bragging about "the power of prayer ", until the bar owner sued the church on the grounds that the church . . ."was ultimately responsible for the demise of his building, either through direct or indirect actions or means."

In its reply to the court, the church vehemently denied all responsibility or any connection to the building's demise.

The judge read through the plaintiff's complaint and the defendant's reply, and at the opening hearing he commented "I don't know how I'm going to decide this, but it appears from the paperwork that we have a bar owner who believes in the power of prayer, and an entire church congregation that now does not."