Mr. Burns Explains The Fiscal Cliff

December 9, 2012 12:00 pm

by Charlie · 9 comments

Enjoy your weekend.

I Miss the 90s December 9, 2012 at 6:02 pm

I can’t believe Charlie posted this hilarious clip.

I basically makes fun of the entire Republican platform and the conservative ideology.

rrrrr December 9, 2012 at 7:40 pm

Immigration reform: Please use New Jersey …
Now THAT’S change we can ALL believe in!

Next we’ll be calling on Snake Plissken to help us escape from New York.

I Miss the 90s December 10, 2012 at 12:54 am

Education reform of the likes nearly every other state has already undertaken: that is change in which we can believe (never end sentences with prepositions).

Banking reform would also be nice…you know, since GA is the least-regulated/worst-banking-system in the developed world.

The list continues, but who has time to enumerate the ways in which conservatives have held back Georgia. Afterall, this is a consevative blog…which means anyone who posts hates capitalism (because you should be working, not wasting your time on a meaningless blog) and also means that progress is admonished (because, by definition, conservativism cares only about retrenchment, not progress).

saltycracker December 10, 2012 at 7:23 pm

Some of Obama’s buddies are showing confidence in him getting his way – Costco declared the biggest special dividend of some 150 companies, $3 billion, to beat the tax increase. December incomes will soar.

saltycracker December 10, 2012 at 7:24 pm

File that under – reality is funnier….

David Staples December 11, 2012 at 10:54 am

Here’s an article related to the Costco dividend you reference…

“Specifically, the giant retailer announced Wednesday that the company will pay a special dividend of $7 a share this month. That’s a $3 billion Christmas gift for shareholders that will let them be taxed at the current dividend rate of 15%, rather than next year’s rate of up to 43.4%—an increase to 39.6% as the Bush-era rates expire plus another 3.8% from the new ObamaCare surcharge.

More striking is that Costco also announced that it will borrow $3.5 billion to finance the special payout. Dividends are typically paid out of earnings, either current or accumulated. But so eager are the Costco executives to get out ahead of the tax man that they’re taking on debt to do so.”

http://online.wsj.com/article/SB10001424127887324705104578149012514177372.html

saltycracker December 11, 2012 at 12:59 pm

Yes – the adding of debt to do it instead of using it for expansion/acquisition is an interesting as it raises many questions to understand the strategy.

I sure took some capital gains. The market looks like it’ll bet on money pumped in by the Feds and a short term cliff fix. These are opportunities for the gamblers.

Harry December 11, 2012 at 3:38 pm

This chart foretells another asset bubble as happened during the Bush years, if nominal GDP holds up (a big if)
http://www.businessinsider.com/kit-juckes-yet-another-bubble-2012-12#-3

saltycracker December 11, 2012 at 5:08 pm

Yep – ref. my post under Tues AM reads – No one knows how deep this sub can go until the hull cracks…..then we get wet……as long as the rest of the world looks worse, we still have some “home equity” left to borrow against and we print money, the nay sayers will need some staying power…..(see M. Lewis – The Big Short/Boomerang)

moral: keep some powder dry

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