Very interesting article by BLACK columnist Deroy Murdock showing how the Idiot-in-Chief has embarrassed himself...and our country! He may be slick, but he is also very stupid.
http://article.nationalreview.com/438405/a-year-and-a-half-of-president-obama/deroy-murdock?page=3
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Thursday, July 22, 2010
Sunday, July 18, 2010
RE-POST OF APRIL 30, 2009 POSTING: NOT MUCH HAS CHANGED, HAS IT?
BO scores high marks for first 100 days
- Telling many more lies than Clinton did in his first 100 days.
- Creating a new era of government dependence on US citizens.
- Taking the first "World Apology Tour."
- Re-aligning the US to a Marxist/Socialist model.
- Making the US the focus of all world evil.
- Enhancing the lack of transparency in all government affairs.
- Indenturing our children and grandkids with enormous debt.
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THE FINANCIAL REFORM BILL: POLITICIANS ARE THE PROBLEM
Chris Dodd, who with his fellow a-hole, Barney Frank, led the Fannie Mae and Fredie Mac debacle (and its subsequent destruction of the economy), had this to say on the Financial Reform bill which congress passed last week.
Dodd, who should be in jail for malfeasance in office, is the guy charged with the task of saving our economy from any future crisis? WHAT? I repeat: WTF! We're going to have to wait for another economic crisis to find out whether or not this financial reform bill the Democrats passed yesterday is going to work? And if it doesn't taxpayers will again have to foot the bill for Democratic travesty. And can anyone explain why car dealers who make auto loans, and the payroll loan industry were exempted? Perhaps they had stronger lobbyists!
The bill, according to inside reports, was written by career politicians, lobbyists and staff who have virtually no real world experience in business or investing and who, in many cases, are beholden to special interests. Few members of Congress read the 2,300 page bill before voting on it and fewer understand its implications.
What the hell has become of so many of our elected officials? They have become nothing more than Democrat whores and puppets of unions and lobbyists; their only priority in Washington is to get themselves re-elected, and use taxpayers dollars to do so.
Neal Boortz reported that according to a recent Gallup Poll it was found that Americans now believe that government and politicians are bigger problems for the country than illegal immigration, health care, disaster response or even the federal debt. They're right. Politicians. Government. These people are the problem .. they are not the solution, nor, for the most part, do they have the solutions. The problem is that these politicians have the executive power of government to enforce their "policies" and "solutions" on the people. And it takes a really large, huge ego to even run for office, let alone serve in Washington. So these big egos are going to use their precious government police power to implement policies that will get THEM the credit for trying to create jobs. Their egos are so overblown that they find it impossible to believe that someone else out there - an entrepreneur, a business owner, an investor - could do a better job of creating job than them .. after all, they were elected by the people to go to Washington and solve their problems! But that leads back to the Gallup poll .. these politicians are so full of themselves that they can't even realize that THEY are the problem. They are so set on being the ones to get the credit for saving this economy that they are willing to let businesses and worker suffer, just so they can say they tried. If they succeeded, that would be great. But they aren't. So move over, get out of the way and let the private sector do what the private sector does best!
I really, really feel sorry for the future of our country when so many dumbassocrat voters keep re-electing these progressive liberals to office to burden us with more legislative chains around our necks. THIS IS ANOTHER CLEAR CUT ARGUMENT FOR TERM LIMITS. Pray to God that the November election will be the first step to recovery.
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"It is not a perfect bill; I will be the first to admit that. We don't know ultimately how well the ideas we've incorporated here will achieve the results we desire. It will take the next economic crisis, as certainly it will come, to determine whether or not the provisions of this bill will actually provide this generation or the next generation of regulators with the tools necessary to minimize the effects of that crisis when it happens."How freakin' stupid is that! That reminiscent of Nancy Pelosi's comment about ObamaCare: "We have to pass the bill in order to find out what's in it!" What's with these people? They are shackling this country with legislation that they haven't even read...nor do they understand? WTF!
Dodd, who should be in jail for malfeasance in office, is the guy charged with the task of saving our economy from any future crisis? WHAT? I repeat: WTF! We're going to have to wait for another economic crisis to find out whether or not this financial reform bill the Democrats passed yesterday is going to work? And if it doesn't taxpayers will again have to foot the bill for Democratic travesty. And can anyone explain why car dealers who make auto loans, and the payroll loan industry were exempted? Perhaps they had stronger lobbyists!
The bill, according to inside reports, was written by career politicians, lobbyists and staff who have virtually no real world experience in business or investing and who, in many cases, are beholden to special interests. Few members of Congress read the 2,300 page bill before voting on it and fewer understand its implications.
What the hell has become of so many of our elected officials? They have become nothing more than Democrat whores and puppets of unions and lobbyists; their only priority in Washington is to get themselves re-elected, and use taxpayers dollars to do so.
Neal Boortz reported that according to a recent Gallup Poll it was found that Americans now believe that government and politicians are bigger problems for the country than illegal immigration, health care, disaster response or even the federal debt. They're right. Politicians. Government. These people are the problem .. they are not the solution, nor, for the most part, do they have the solutions. The problem is that these politicians have the executive power of government to enforce their "policies" and "solutions" on the people. And it takes a really large, huge ego to even run for office, let alone serve in Washington. So these big egos are going to use their precious government police power to implement policies that will get THEM the credit for trying to create jobs. Their egos are so overblown that they find it impossible to believe that someone else out there - an entrepreneur, a business owner, an investor - could do a better job of creating job than them .. after all, they were elected by the people to go to Washington and solve their problems! But that leads back to the Gallup poll .. these politicians are so full of themselves that they can't even realize that THEY are the problem. They are so set on being the ones to get the credit for saving this economy that they are willing to let businesses and worker suffer, just so they can say they tried. If they succeeded, that would be great. But they aren't. So move over, get out of the way and let the private sector do what the private sector does best!
I really, really feel sorry for the future of our country when so many dumbassocrat voters keep re-electing these progressive liberals to office to burden us with more legislative chains around our necks. THIS IS ANOTHER CLEAR CUT ARGUMENT FOR TERM LIMITS. Pray to God that the November election will be the first step to recovery.
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Saturday, July 17, 2010
Way to go Obama, punishing people for their hard work and success.
In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:
First Wave: Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:
Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:
- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%
Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut.
The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.
It was reported that George Steinbrenner's estate will save about $12 million in estate taxes because he died in 2010.
Higher tax rates on savers and investors. The capital gains tax will rise from 15 percent this year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.
Second Wave: Obamacare
There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:
The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).
The “Special Needs Kids Tax” This provision of Obamacare imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there is no federal government limit). There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education.
The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.
Third Wave: The Alternative Minimum Tax and Employer Tax Hikes
When Americans prepare to file their tax returns in January of 2011, they’ll be in for a nasty surprise—the AMT won’t be held harmless, and many tax relief provisions will have expired. The major items include:
The AMT will ensnare over 28 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress’ failure to index the AMT will lead to an explosion of AMT taxpaying families—rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.
Small business expensing will be slashed and 50% expensing will disappear. Small businesses can normally expense (rather than slowly-deduct, or “depreciate”) equipment purchases up to $250,000. This will be cut all the way down to $25,000. Larger businesses can expense half of their purchases of equipment. In January of 2011, all of it will have to be “depreciated.”
Taxes will be raised on all types of businesses. There are literally scores of tax hikes on business that will take place. The biggest is the loss of the “research and experimentation tax credit,” but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.
Tax Benefits for Education and Teaching Reduced. The deduction for tuition and fees will not be available. Tax credits for education will be limited. Teachers will no longer be able to deduct classroom expenses. Coverdell Education Savings Accounts will be cut. Employer-provided educational assistance is curtailed. The student loan interest deduction will be disallowed for hundreds of thousands of families.
Charitable Contributions from IRAs no longer allowed. Under current law, a retired person with an IRA can contribute up to $100,000 per year directly to a charity from their IRA. This contribution also counts toward an annual “required minimum distribution.” This ability will no longer be there.
Read more: http://www.atr.org/index.php?content=jan1taxes#ixzz0scOXJw59
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First Wave: Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:
Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:
- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%
Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut.
The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.
It was reported that George Steinbrenner's estate will save about $12 million in estate taxes because he died in 2010.
Higher tax rates on savers and investors. The capital gains tax will rise from 15 percent this year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.
Second Wave: Obamacare
There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:
The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).
The “Special Needs Kids Tax” This provision of Obamacare imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there is no federal government limit). There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education.
The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.
Third Wave: The Alternative Minimum Tax and Employer Tax Hikes
When Americans prepare to file their tax returns in January of 2011, they’ll be in for a nasty surprise—the AMT won’t be held harmless, and many tax relief provisions will have expired. The major items include:
The AMT will ensnare over 28 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress’ failure to index the AMT will lead to an explosion of AMT taxpaying families—rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.
Small business expensing will be slashed and 50% expensing will disappear. Small businesses can normally expense (rather than slowly-deduct, or “depreciate”) equipment purchases up to $250,000. This will be cut all the way down to $25,000. Larger businesses can expense half of their purchases of equipment. In January of 2011, all of it will have to be “depreciated.”
Taxes will be raised on all types of businesses. There are literally scores of tax hikes on business that will take place. The biggest is the loss of the “research and experimentation tax credit,” but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.
Tax Benefits for Education and Teaching Reduced. The deduction for tuition and fees will not be available. Tax credits for education will be limited. Teachers will no longer be able to deduct classroom expenses. Coverdell Education Savings Accounts will be cut. Employer-provided educational assistance is curtailed. The student loan interest deduction will be disallowed for hundreds of thousands of families.
Charitable Contributions from IRAs no longer allowed. Under current law, a retired person with an IRA can contribute up to $100,000 per year directly to a charity from their IRA. This contribution also counts toward an annual “required minimum distribution.” This ability will no longer be there.
Read more: http://www.atr.org/index.php?content=jan1taxes#ixzz0scOXJw59
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Friday, July 16, 2010
GREAT COLUMN ON HOLDER THE HYPOCRITE
The endless hypocrisy of Eric Holder
By VICTOR DAVIS HANSON
Posted: 12:36 AM, July 15, 2010
Attorney General Eric Holder has developed a bad habit of accusing others of acting in bad faith while doing so himself.
Take the issue of Guantanamo Bay. In Aspen, Colo., last week, Holder accused Congress of playing politics in preventing President Obama from closing the Gitmo detention center -- as Obama had promised to do within a year of his inauguration. But this accusation is disingenuous for a variety of reasons.
Obama campaigned on calls to reverse the Bush administration anti-terrorism protocols, charging that they were either unnecessary or counterproductive. Then, when invested with the responsibility of governance, he reversed himself on almost all of them -- tribunals, renditions, Iraq, the Patriot Act, targeted airborne assassinations and Guantanamo Bay. Holder himself once supported the detention of terrorists without regard for the Geneva Conventions. What made him so radically change his views?
In fact, any time Obama wishes to close Gitmo, he can simply carry out his earlier executive order, as President Bush opened it without congressional approval. In blaming Congress, Holder doesn't mention the real reasons why Obama broke his promise: The American public now wants unrepentant terrorists to stay there, rather than be incarcerated and tried in civilian courts here at home.
Holder got himself into trouble last year when he played politics by announcing that the administration would try Khalid Sheik Mohammed, the architect of 9/11, in a civilian courtroom. The boast was supposed to contrast an enlightened Obama team with the demonized Bush administration's supposed lawlessness in confining Mohammed to Guantanamo. But after New Yorkers protested, Holder backed off.
Meanwhile, the president rushed to assure the nation that Mohammed would be "convicted" and have "the death penalty . . . applied to him." At that point, Bush's planned military tribunals seemed a lot less prejudicial than Holder's planned civilian show trials.
Holder's refusal to link radical Islam with the epidemic of global terrorism is likewise entirely political. When asked at a congressional hearing if radical Islamic terrorists were behind the Fort Hood killings, the attempted Christmas Day bombing and the foiled Times Square bomb attack, he refused to identify that obvious common catalyst. He cited instead a "variety of reasons." The nation's chief prosecutor wasn't looking at the evidence, but adhering to a politically correct predetermined dogma.
On matters of race, Holder castigated Americans as "a nation of cowards" for not engaging in a national conversation on his own terms. This was an odd accusation since at present we have a black president, attorney general, EPA head and NASA chief, Hispanic secretaries of Labor and the Interior, and a recent Hispanic Supreme Court appointment, not to mention that the two previous secretaries of state were black.
Yet Holder himself has used race for political purposes. He criticized Arizona for its anti-illegal-alien law -- after admitting that he hadn't read it. Then he chose to sue the state for trying to enforce unenforced federal immigration laws. Now he has promised that if that tactic fails, he'll play the race card on Arizona, alleging in yet another suit that its new legislation would entail racial profiling. Remember, the law hasn't gone into effect, so Holder has no evidence of how it will play out.
Holder dropped a voter-fraud case against the New Black Panther Party, which was caught on tape intimidating voters at a polling place. He is leveling charges of racism against those who deliberately excluded racial profiling in their legislation, while giving a free pass to those who blatantly used race to bother voters at the polls.
In just 18 months, Holder has proven to be the most political attorney general since Richard Nixon's attorney general, John Mitchell. Like the hyperpartisan Mitchell, Holder will embarrass the nation until he steps down. Given his partisan temperament and checkered record in both the Clinton and Obama administrations, his departure is not a matter of if -- only when.
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Wednesday, July 14, 2010
Liar-in-Chief Promotes His Economic Fantasy...
...while the reality of his efforts is killing the country. WHAT A TWO-FACED HYPOCRITE!
Obama is pro-growth (of government)
Examiner Editorial
July 11, 2010
President Obama and his top officials embarked on a public relations blitz last past week evidently designed to portray him as "pro growth." All such political PR pushes tend to bear tenuous relationships with reality, but in this case the gulf between the truth and what the politicians are saying is about as wide as the Grand Canyon. Say what he will, Obama's actions since his first day in office have made clear that his business is growing government. On all three basic measures of the size of government -- work force, spending, and taxes -- Obama has stimulated tremendous growth.
Take employment. In the private sector, unemployment stays stubbornly near 10 percent. Obama promised his $859 billion stimulus program would keep private sector unemployment below 8 percent, but his failure to reverse the direction of the economy on this score has been so dismal that he is now left to plead with audiences to remember that "it could be 12, 13 or even 15 percent." The president might as well have conjectured a 20, 22 or 25 percent unemployment rate; it would still just be conjecture. What is real is that, while the jobless rate rises or falls slightly from week to week, there are 7.9 million fewer working Americans today than there were in December 2007.
The story for public sector employment, however, is quite the opposite. At 4.4 percent, the unemployment rate among government workers is almost exactly half that of the private sector. But the insulation of government workers from the market realities that private sector workers face is far from the whole story. The federal work force is expanding, not contracting, thanks to Obama initiatives like a health care program that adds 16,000 new Internal Revenue Service enforcers to ensure compliance with the individual mandate. Between December 2008 and December 2009, the federal government added nearly 100,000 new positions.
And being a government worker in the Obama era can be quite lucrative, too. According to data obtained by the Asbury Park Press via a Freedom of Information Act request, last year, 1.3 million federal employees received bonuses totaling $408 million, up $80 million over 2008. Complete data for the remaining federal workers was not available, but in 2008, the Department of Defense gave $92 million in bonuses to its 687,000 civilian employees. On the salary side, the average annual federal salary is now just under $120,000, compared with $59,909 for the private sector, according to the Census Bureau of Economic Analysis. It is cold comfort to millions of unemployed Americans to hear Obama say he is pro-growth.
Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinion/Obama-is-pro-growth-_of-government_-98138724.html#ixzz0tfRlsFrW
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Obama is pro-growth (of government)
Examiner Editorial
July 11, 2010
President Obama and his top officials embarked on a public relations blitz last past week evidently designed to portray him as "pro growth." All such political PR pushes tend to bear tenuous relationships with reality, but in this case the gulf between the truth and what the politicians are saying is about as wide as the Grand Canyon. Say what he will, Obama's actions since his first day in office have made clear that his business is growing government. On all three basic measures of the size of government -- work force, spending, and taxes -- Obama has stimulated tremendous growth.
Take employment. In the private sector, unemployment stays stubbornly near 10 percent. Obama promised his $859 billion stimulus program would keep private sector unemployment below 8 percent, but his failure to reverse the direction of the economy on this score has been so dismal that he is now left to plead with audiences to remember that "it could be 12, 13 or even 15 percent." The president might as well have conjectured a 20, 22 or 25 percent unemployment rate; it would still just be conjecture. What is real is that, while the jobless rate rises or falls slightly from week to week, there are 7.9 million fewer working Americans today than there were in December 2007.
The story for public sector employment, however, is quite the opposite. At 4.4 percent, the unemployment rate among government workers is almost exactly half that of the private sector. But the insulation of government workers from the market realities that private sector workers face is far from the whole story. The federal work force is expanding, not contracting, thanks to Obama initiatives like a health care program that adds 16,000 new Internal Revenue Service enforcers to ensure compliance with the individual mandate. Between December 2008 and December 2009, the federal government added nearly 100,000 new positions.
And being a government worker in the Obama era can be quite lucrative, too. According to data obtained by the Asbury Park Press via a Freedom of Information Act request, last year, 1.3 million federal employees received bonuses totaling $408 million, up $80 million over 2008. Complete data for the remaining federal workers was not available, but in 2008, the Department of Defense gave $92 million in bonuses to its 687,000 civilian employees. On the salary side, the average annual federal salary is now just under $120,000, compared with $59,909 for the private sector, according to the Census Bureau of Economic Analysis. It is cold comfort to millions of unemployed Americans to hear Obama say he is pro-growth.
Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinion/Obama-is-pro-growth-_of-government_-98138724.html#ixzz0tfRlsFrW
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Monday, July 12, 2010
Obama: Socialist, Liar and now...Egomaniac-in-Chief
Charles Krauthammer, the syndicated columnist based in Washington, commented recently on the "Egomaniac-in-Chief." He pointed out how Obama habitually refers to Cabinet members and other high government officials as "my" — "my secretary of homeland security," "my national security team," "my ambassador." The more normal — and respectful — usage is to say "the," as in "the secretary of state." These are, after all, public officials sworn to serve the nation and the Constitution — not just the man who appointed them.
It's a stylistic detail, but quite revealing of Obama's exalted view of himself. Not surprising, perhaps, in a man whose major achievement before acceding to the presidency was writing two biographies — both about himself.
Obama is not the first president with a large streak of narcissism. But the others had equally expansive feelings about their country. Obama's modesty about America would be more understandable if he treated himself with the same reserve. What is odd is to have a president so convinced of his own magnificence — yet not of his own country's.
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It's a stylistic detail, but quite revealing of Obama's exalted view of himself. Not surprising, perhaps, in a man whose major achievement before acceding to the presidency was writing two biographies — both about himself.
Obama is not the first president with a large streak of narcissism. But the others had equally expansive feelings about their country. Obama's modesty about America would be more understandable if he treated himself with the same reserve. What is odd is to have a president so convinced of his own magnificence — yet not of his own country's.
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