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	<link>http://msgruntled.wordpress.com</link>
	<description>rants about rampant hypocrisy, stupidity, and irksome events</description>
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		<title>Comment on Introducing the Hall of No-Shame; Nominations welcome by Ex AIG chairman joins Hall of No Shame &#171; msgruntled</title>
		<link>http://msgruntled.wordpress.com/2009/02/13/introducing-the-hall-of-no-shame-nominations-welcome/#comment-59</link>
		<dc:creator>Ex AIG chairman joins Hall of No Shame &#171; msgruntled</dc:creator>
		<pubDate>Mon, 29 Jun 2009 16:28:47 +0000</pubDate>
		<guid isPermaLink="false">http://msgruntled.wordpress.com/?p=292#comment-59</guid>
		<description>[...] About          Class warfare in America: the elephant in the&#160;room Introducing the Hall of No-Shame; Nominations&#160;welcome [...]</description>
		<content:encoded><![CDATA[<p>[...] About          Class warfare in America: the elephant in the&nbsp;room Introducing the Hall of No-Shame; Nominations&nbsp;welcome [...]</p>
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		<title>Comment on What Do-Not-Call registry? FCC ignoring violators by jm</title>
		<link>http://msgruntled.wordpress.com/2009/02/09/what-do-not-call-registry-fcc-ignoring-violators/#comment-27</link>
		<dc:creator>jm</dc:creator>
		<pubDate>Tue, 19 May 2009 22:10:28 +0000</pubDate>
		<guid isPermaLink="false">http://msgruntled.wordpress.com/?p=277#comment-27</guid>
		<description>I just got the message from the Jack Stone dickhead.</description>
		<content:encoded><![CDATA[<p>I just got the message from the Jack Stone dickhead.</p>
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		<title>Comment on The Geithner defense, better than Twinkies! by msgruntled</title>
		<link>http://msgruntled.wordpress.com/2009/01/28/the-geithner-defense-better-than-twinkies/#comment-25</link>
		<dc:creator>msgruntled</dc:creator>
		<pubDate>Fri, 30 Jan 2009 21:55:14 +0000</pubDate>
		<guid isPermaLink="false">http://msgruntled.wordpress.com/?p=250#comment-25</guid>
		<description>No he didn&#039;t pay penalties, he paid interest. There is a difference. The Washington Post covered this story in detail including several interviews with World Bank employees, and what I said in my post is correct.
I quote &lt;a href=&quot;http://www.politifact.com/truth-o-meter/statements/2009/jan/16/barack-obama/Geithner-tax-error/&quot; rel=&quot;nofollow&quot;&gt;Politifact&lt;/a&gt;, for one: &quot;Here’s the quickie background: The IRS audited Geithner in 2006, and found that he failed to pay self-employment taxes on compensation he received as an employee of the International Monetary Fund for tax years the IRS was looking at, 2003 and 2004 (by law, the IRS could not audit him for years prior to 2003). So Geithner paid $16,732 in back self-employment tax, plus interest. The &lt;strong&gt;IRS waived penalties&lt;/strong&gt; for those years.&quot; And again, &quot;Some Republicans note, however, that the IMF gave ample documentation to its workers about what they should do. The Senate Finance Committee overseeing Geithner&#039;s confirmation hearing posted several documents given to Geithner by the IMF designed to help employees understand their tax obligations. For one, there&#039;s the IMF Employee Tax Manual given to new hires, which describes how to pay self-employment taxes. The IMF pays additional money to U.S. employees, on top of their regular salary, to offset self-employment taxes, and quarterly and year-end wage statements include the amount of self-employment taxes added to wage income. Lastly, IMF employees are required to annually file a form requesting the self-employment &quot;gross ups&quot; to wages.

Perhaps you are thinking about the early-withdrawal tax penalty for his IRA withdrawal, that is NOT the penalties for failure to pay back taxes that the rest of use would have to pay.

If you don&#039;t want to accept Politifact, how about the &lt;a href=&quot;http://online.wsj.com/article/SB123198429552584175.html&quot; rel=&quot;nofollow&quot;&gt;Wall Street Journal&lt;/a&gt;? 

&quot;For our part, we are delighted that Mr. Baucus and Democrats are suddenly in such a forgiving tax mood. In addition to being a teaching moment for liberals, perhaps Mr. Geithner&#039;s tax snafu can do all of America some good. We&#039;d suggest that Mr. Geithner and Mr. Baucus together set a new standard for the IRS in dealing with people who, like Mr. Geithner, make a boo-boo on their tax returns.

Let&#039;s have an amnesty -- &lt;strong&gt;with penalties waived, as they were for Mr. Geithner&lt;/strong&gt; -- for all those Americans who somehow &quot;forgot&quot; to pay their taxes but are now willing to fess up or are audited. If forgiveness is to be the order of the day for the man who may soon be responsible for the IRS, American taxpayers deserve a similar reprieve.&quot;

Since you don&#039;t say what all the &quot;mistakes&quot; are, not sure how to respond except to point out the above.</description>
		<content:encoded><![CDATA[<p>No he didn&#8217;t pay penalties, he paid interest. There is a difference. The Washington Post covered this story in detail including several interviews with World Bank employees, and what I said in my post is correct.<br />
I quote <a href="http://www.politifact.com/truth-o-meter/statements/2009/jan/16/barack-obama/Geithner-tax-error/" rel="nofollow">Politifact</a>, for one: &#8220;Here’s the quickie background: The IRS audited Geithner in 2006, and found that he failed to pay self-employment taxes on compensation he received as an employee of the International Monetary Fund for tax years the IRS was looking at, 2003 and 2004 (by law, the IRS could not audit him for years prior to 2003). So Geithner paid $16,732 in back self-employment tax, plus interest. The <strong>IRS waived penalties</strong> for those years.&#8221; And again, &#8220;Some Republicans note, however, that the IMF gave ample documentation to its workers about what they should do. The Senate Finance Committee overseeing Geithner&#8217;s confirmation hearing posted several documents given to Geithner by the IMF designed to help employees understand their tax obligations. For one, there&#8217;s the IMF Employee Tax Manual given to new hires, which describes how to pay self-employment taxes. The IMF pays additional money to U.S. employees, on top of their regular salary, to offset self-employment taxes, and quarterly and year-end wage statements include the amount of self-employment taxes added to wage income. Lastly, IMF employees are required to annually file a form requesting the self-employment &#8220;gross ups&#8221; to wages.</p>
<p>Perhaps you are thinking about the early-withdrawal tax penalty for his IRA withdrawal, that is NOT the penalties for failure to pay back taxes that the rest of use would have to pay.</p>
<p>If you don&#8217;t want to accept Politifact, how about the <a href="http://online.wsj.com/article/SB123198429552584175.html" rel="nofollow">Wall Street Journal</a>? </p>
<p>&#8220;For our part, we are delighted that Mr. Baucus and Democrats are suddenly in such a forgiving tax mood. In addition to being a teaching moment for liberals, perhaps Mr. Geithner&#8217;s tax snafu can do all of America some good. We&#8217;d suggest that Mr. Geithner and Mr. Baucus together set a new standard for the IRS in dealing with people who, like Mr. Geithner, make a boo-boo on their tax returns.</p>
<p>Let&#8217;s have an amnesty &#8212; <strong>with penalties waived, as they were for Mr. Geithner</strong> &#8212; for all those Americans who somehow &#8220;forgot&#8221; to pay their taxes but are now willing to fess up or are audited. If forgiveness is to be the order of the day for the man who may soon be responsible for the IRS, American taxpayers deserve a similar reprieve.&#8221;</p>
<p>Since you don&#8217;t say what all the &#8220;mistakes&#8221; are, not sure how to respond except to point out the above.</p>
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		<title>Comment on The Geithner defense, better than Twinkies! by wm</title>
		<link>http://msgruntled.wordpress.com/2009/01/28/the-geithner-defense-better-than-twinkies/#comment-24</link>
		<dc:creator>wm</dc:creator>
		<pubDate>Thu, 29 Jan 2009 06:53:40 +0000</pubDate>
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		<description>Several factual errors here; for example, Geithner did pay penalties. I agree with the general conclusion that Geithner should have known better, but these arguments contain so many mistakes they don&#039;t make a good case for that conclusion.</description>
		<content:encoded><![CDATA[<p>Several factual errors here; for example, Geithner did pay penalties. I agree with the general conclusion that Geithner should have known better, but these arguments contain so many mistakes they don&#8217;t make a good case for that conclusion.</p>
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		<title>Comment on Big 3 Auto and UAW Bailout Bailed: What’s Good for the Goose Should Be Good for the Gander by msgruntled</title>
		<link>http://msgruntled.wordpress.com/2008/12/12/big-3-auto-and-uaw-whats-good-for-the-goose/#comment-21</link>
		<dc:creator>msgruntled</dc:creator>
		<pubDate>Wed, 17 Dec 2008 18:37:54 +0000</pubDate>
		<guid isPermaLink="false">http://msgruntled.wordpress.com/?p=216#comment-21</guid>
		<description>I’d prefer UAW inefficiency to Wall Street greed any day. How about those CDO contracts?

And even more important, what actual data or evidence can you offer that the UAW worker is inefficient? Worker productivity in the U.S. increased by 16.6% between 2000 and 2005. Wages have not kept up. Where has the money realized from greater worker productivity gone? Into the CEO’s pockets. How “efficient” are they when they are running their companies into the ground? 

Here’s a notable letter from &lt;a href=&quot;http://letters.salon.com/news/feature/2008/12/13/bailout/permalink/a80e5f8ab4fbcd1a5832c48d759d84da.html&quot; rel=&quot;nofollow&quot;&gt;Salon&lt;/a&gt;:


&lt;blockquote&gt;GM&#039;s CEO was paid $15.7 Million in 2007:

http://www.reuters.com/article/businessNews/idUSN2534738420080425
This amounts to 77 workers getting paid @ $70 to work for 360 days a year, 8 hours a day.

Ford CEO, the wonderful Mulally got paid $28 Million for FOUR months on job.
http://money.cnn.com/2007/04/05/news/companies/ford_execpay/
That amounts to $7 Million a month. Which amounts to paying 3300 workers @ $70 an hour every month.

And what did Mulally bring to FORD? $581 Million LOSS.
&lt;/blockquote&gt;
And on the &lt;a href=&quot;http://www.coc.org/system/files/laborGains.pdf&quot; rel=&quot;nofollow&quot;&gt;issue of productivity&lt;/a&gt;, I’ll quote:


&lt;blockquote&gt;
A New York Times article (08/28/2006) by Steven Greenhouse and David Leonhardt had this to say about productivity and lack of gains by labor : “With the economy beginning to slow, the current expansion has a chance to become the first sustained period of economic growth since World War II that fails to offer a prolonged increase in real wages for most workers. 

“The median hourly wage for American workers has declined 2 percent since 2003, after factoring in inflation. The drop has been especially notable, economists say, because productivity — the amount that an average worker produces in an hour and the basic wellspring of a nation’s living standards — has risen steadily over the same period. 

“As a result, &lt;strong&gt;wages and salaries now make up the lowest share of the nation’s gross domestic product since the government began recording the data in 1947, while corporate profits have climbed to their highest share since the 1960s.&lt;/strong&gt;” 

Worker productivity rose 16.6 percent from 2000 to 2005, while total compensation for the median worker rose 7.2 percent, according to Labor Department statistics analyzed by the Economic Policy Institute… Benefits accounted for most of the increase.&lt;/blockquote&gt;


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		<content:encoded><![CDATA[<p>I’d prefer UAW inefficiency to Wall Street greed any day. How about those CDO contracts?</p>
<p>And even more important, what actual data or evidence can you offer that the UAW worker is inefficient? Worker productivity in the U.S. increased by 16.6% between 2000 and 2005. Wages have not kept up. Where has the money realized from greater worker productivity gone? Into the CEO’s pockets. How “efficient” are they when they are running their companies into the ground? </p>
<p>Here’s a notable letter from <a href="http://letters.salon.com/news/feature/2008/12/13/bailout/permalink/a80e5f8ab4fbcd1a5832c48d759d84da.html" rel="nofollow">Salon</a>:</p>
<blockquote><p>GM&#8217;s CEO was paid $15.7 Million in 2007:</p>
<p><a href="http://www.reuters.com/article/businessNews/idUSN2534738420080425" rel="nofollow">http://www.reuters.com/article/businessNews/idUSN2534738420080425</a><br />
This amounts to 77 workers getting paid @ $70 to work for 360 days a year, 8 hours a day.</p>
<p>Ford CEO, the wonderful Mulally got paid $28 Million for FOUR months on job.<br />
<a href="http://money.cnn.com/2007/04/05/news/companies/ford_execpay/" rel="nofollow">http://money.cnn.com/2007/04/05/news/companies/ford_execpay/</a><br />
That amounts to $7 Million a month. Which amounts to paying 3300 workers @ $70 an hour every month.</p>
<p>And what did Mulally bring to FORD? $581 Million LOSS.
</p></blockquote>
<p>And on the <a href="http://www.coc.org/system/files/laborGains.pdf" rel="nofollow">issue of productivity</a>, I’ll quote:</p>
<blockquote><p>
A New York Times article (08/28/2006) by Steven Greenhouse and David Leonhardt had this to say about productivity and lack of gains by labor : “With the economy beginning to slow, the current expansion has a chance to become the first sustained period of economic growth since World War II that fails to offer a prolonged increase in real wages for most workers. </p>
<p>“The median hourly wage for American workers has declined 2 percent since 2003, after factoring in inflation. The drop has been especially notable, economists say, because productivity — the amount that an average worker produces in an hour and the basic wellspring of a nation’s living standards — has risen steadily over the same period. </p>
<p>“As a result, <strong>wages and salaries now make up the lowest share of the nation’s gross domestic product since the government began recording the data in 1947, while corporate profits have climbed to their highest share since the 1960s.</strong>” </p>
<p>Worker productivity rose 16.6 percent from 2000 to 2005, while total compensation for the median worker rose 7.2 percent, according to Labor Department statistics analyzed by the Economic Policy Institute… Benefits accounted for most of the increase.</p></blockquote>
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