Posts Tagged With: tax increase

Crony Faux-Capitalism, and Proud of It?


By Daniel Bongino

tax

President Obama’s press conference yesterday was another, in a long list of, missed opportunities to bridge the growing political divide in America which is ripping us apart. If you pay careful attention to the words Mr. Obama uses, and the context in which he uses them, you will notice a consistent, and troubling, pattern. Mr. Obama rarely uses any data or evidence when he talks about the economy and taxes and he carefully, and deliberately, uses terms which are impossible to define. He does this because he is employing a marketing technique, to sell to Americans, economic policies which are failing us.

For example, President Obama uses terms such as “fair-share” when talking about taxes without discussing what exactly that means. What is a “fair-share?” Is there a number he can provide us to assist us in managing our finances? Is there evidence that his tax rate number actually generates growth and tax revenue? He avoids all of these “complexities” because he isn’t really interested in growth. But, he is interested in control of your money and, when you are ideologically committed to state-control of a free economy, you use slick marketing to separate people, from their hard-earned money.

Here’s another example; did you ever notice that when President Obama discusses the economy and growth, he always discusses them in terms of what he will “allow” and “not allow?” “Allow?” What kind of country have we morphed into where American’s economic prosperity and security are held hostage to the ideology of one man? We are not a monarchy; yet.

Sadly, the administration is lording over the transformation of a once free economy into a state-controlled, economic monster. In this new economy, friends and donors to the politically-connected class move directly to the front of the line for government-approved “credit” in the form of tax-payer subsidies and they write their own regulations to ensure that their competitors are buried in red-tape.
These regulations are being put into place to bankrupt ideological enemies of the President and his crony faux-capitalist friends (i.e. coal, derivatives markets, the petroleum industry), with zero regard for the millions of lives negatively impacted by the administration’s ongoing assault on economic liberty. These regulations double-down on economic destruction by bankrupting small businesses, not connected to the political cocktail-party-class, who are unable to handle the massive legal fees associated with complying with the thousands of pages of red-tape, regulatory measures slapped on their backs as they are trying to get up from the near knockout-punch the recession delivered to them.

Finally, I need to address a counter argument which many of the President’s supporters are using in a bait-and-switch tactic. It goes something like this, “The President is doing a great job! The stock market is up, fuel costs are down, and the economy is adding jobs.” While these statements are factually correct, they completely ignore the role of the President’s policy initiatives.

First, the stock market is up in spite of the President’s policies, and here’s the evidence. American businesses are doing quite well, but not here. Much of their bottom-line growth is coming from overseas sales and the cutbacks on expenses such as labor. In other words, many of these companies, due to our corporate tax rate, which is the highest in the industrialized world, are leaving us to stay profitable in a globally competitive market. If we refuse to fix this problem, both outsourcing and off-shoring will continue and American employees will suffer.

Second, fuel costs are down because petroleum-extraction technology has enabled us to tap into our, once-hidden, wealth of oil and gas. We are floating on petroleum wealth here in the United States and this is driving down fuel prices. But, and this is crucial, this is happening on PRIVATE land, not PUBLIC land. The President is actively standing in the way of us responsibly developing a limited subset of public land, and the hidden wealth underneath. That the President takes credit for the decrease in gas prices, despite his numerous attempts to block bi-partisan energy-development plans (i.e. Keystone, ANWAR, continental-shelf exploration), is utterly outrageous. If he would just get out of the way, gas prices would be likely be dramatically lower.
Third, although we are adding jobs, we are doing slow at the SLOWEST rate of any economic recovery in modern times. In the eight years of both the Reagan and Clinton administrations, they were both in office while the economy created over 15 million jobs. For President Obama to leave office with the same results the economy would have to generate 10 million MORE JOBS in his final two years alone.

In conclusion, Mr. Obama’s state-controlled “capitalism” model is an abysmal failure that has only succeeded in increasing the paper-wealth of America’s crony faux-capitalists. Surely, many of you remember the real economic recoveries of the Reagan and Clinton years where your neighbor and you both had smiles on your faces. The only people smiling now are the jokers who made big investments in expensive Washington DC cocktail parties to cater to the elected oligarchs who get to pick who wins and, tragically, who loses in our new, government-controlled “free-market.”

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25 facts that the mainstream media doesn’t really want to talk about right now…


#1 The mainstream media doesn’t really want to talk about the fact that gun sales are absolutely skyrocketingin the aftermath of the horrific tragedy at Sandy Hook Elementary School.

#2 The mainstream media doesn’t really want to talk about the fact that disarming the population has resulted in some of the most horrific massacres in human history. The following is from the Warrior Times…

1911 – Turkey disarmed it’s citizens, and between 1915 – 1917 they murdered 1.5 million Armenians.

1929 – Russia disarmed it’s citizens, and between 1929 – 1953 they murdered 20 million Russians.

1935 – China disarmed it’s citizens, and between 1948 – 1952 they murdered 20 million Chinese.

1938 – Germany disarmed it’s citizens, and between 1939 – 1945 they murdered 16 million Jews.

1956 – Cambodia disarmed it’s citizens, and between 1975 – 1977 they murdered 1 million Educated people.

1964 – Guatamala disarmed it’s citizens, and between 1964 – 1981 they murdered 100,000 Mayan Indians.

1970 – Uganda disarmed it’s citizens, and between 1971 – 1979 they murdered 300,000 Christians.

#3 The mainstream media doesn’t really want to talk about the fact that a bill allowing for the “indefinite military detention of US citizens on American soil” was passed by the U.S. Senate on Friday.

#4 The mainstream media doesn’t really want to talk about the fact that volcanoes all along the Ring of Fire are roaring to life. It seems like a new eruption is being reported every few days now. In fact, a red alert has just been issued for a massive volcano that sits along the border between Chile and Argentina.

#5 The mainstream media doesn’t really want to talk about the fact that the use of genetically engineered seeds has caused on explosion of new “super weeds” that are incredibly difficult for farmers to kill.

#6 The mainstream media doesn’t really want to talk about the fact that renowned trends forecaster Gerald Celenteis predicting a “financial disaster” in 2013.

#7 The mainstream media doesn’t really want to talk about the fact that it is easier to get into Harvard than it is to get a job as a flight attendant in America today.

#8 The mainstream media doesn’t really want to talk about the fact that nearly 400 TSA employees have been fired for stealing from travelers since 2003.

#9 The mainstream media doesn’t really want to talk about the fact that giant corporations such as Facebook are funneling gigantic amounts of money through offshore banking havens such as the Cayman Islands in an effort to avoid taxes.

#10 The mainstream media doesn’t really want to talk about the fact that the U.S. dollar is in danger of losing its status as the primary reserve currency of the world.

#11 The mainstream media doesn’t really want to talk about the fact that Barack Obama has gone off to vacation in Hawaii while the rest of the nation hopes for a fiscal cliff deal to get done. Of course the mainstream media has to mention that he is on vacation because they always keep track of what the president does, but they are not making a big deal out of it because they love Obama. And it sounds like Obama is having quite a good time on his little vacation…

The president is expected to indulge in some of his favorite pastimes on the island where he was born and raised: golf, an expedition for the local treat “shave ice,” and an evening out with family and friends. He hit the links at the nearby Marine Corps base under sunny skies on Saturday afternoon.

#12 The mainstream media doesn’t really want to talk about the fact that there are government websites that give immigrants instructions about how to come over to our country and apply for welfare.

#13 The mainstream media doesn’t really want to talk about the fact that the U.S. economy is losing millions of jobs to nations where it is legal to pay workers slave labor wages. The mainstream media is totally married to the one world economic agenda that their corporate owners make so much money from, and so they say nothing as a steady stream of businesses and jobs continue to leave the country.

#14 The mainstream media doesn’t really want to talk about the fact that the recent tax increase is causing large numbers of wealthy individuals to consider moving out of the state of California.

#15 The mainstream media doesn’t really want to talk about the fact that hunger and poverty are absolutely exploding in the United States at the same time that they are telling us that the economy is “recovering”.

#16 The mainstream media doesn’t really want to talk about the fact that North Korea now has a three-stage rocket with enough range to potentially hit the western United States.

#17 The mainstream media doesn’t really want to talk about the fact that the United States Postal Service is losing25 million dollars a day and is on the verge of financial collapse.

#18 The mainstream media doesn’t really want to talk about the fact that our biggest oil supplier in the Middle East, Saudi Arabia, still kills people for changing religions.

#19 The mainstream media doesn’t really want to talk about the fact that political correctness is taking over America. The truth is that the media does not see any problem with that at all.

#20 The mainstream media doesn’t really want to talk about the fact that nearly half a million employees of the federal government are making more than $100,000 a year.

#21 The mainstream media doesn’t really want to talk about the fact that the birth rate in the United States fallen to an all-time low. The elite are actually absolutely thrilled that less babies are being born.

#22 The mainstream media doesn’t really want to talk about the fact that violent crime in the United States increased by 18 percent in 2011 and that many major U.S. cities are seeing violent crime totally spiral out of control.

#23 The mainstream media doesn’t really want to talk about the fact that Barack Obama received more than 99 percent of the vote in more than 100 precincts in Ohio on election day.

#24 The mainstream media doesn’t really want to talk about the fact that during the first four years of the Obama administration, the U.S. national debt grew by about as much as it did from the time that George Washington took office to the time that George W. Bush took office.

#25 The mainstream media doesn’t really want to talk about the fact that the Federal Reserve created the conditions for the last financial crisis and their mismanagement of the economy has now brought us to the verge of another horrible economic downturn. According to the mainstream media, the Federal Reserve is “above politics” and should not be criticized.

Categories: Politics | Tags: , , , , , , , , , , , , , , , | 1 Comment

SUPREMES ALLOW NEW CHALLENGE TO OBAMACARE…….


It’s back to court for Barack Obama and his advisers who are fighting for their state-run Obamacare rules and regulations.

The U.S. Supreme Court today ordered a lower appeals court to review concerns raised by Liberty University that Congress simply didn’t have the power it needed to force employers to provide federally mandated insurance – or require them to pay for abortion-related services for employees.
“Today’s ruling breaths new life into our challenge to Obamacare. Our fight against Obamacare is far from over,” he said. “Congress exceeded its power by forcing every employer to provide federally mandated insurance. But even more shocking is the abortion mandate, which collides with religious freedom and the rights of conscience.”

The case on behalf of the school and individuals Michele Waddell and JoAnne Merrill asked the Supreme Court to reverse an order from the U.S. 4th Circuit Court of Appeals, which denied a petition for a writ of certiorari.

“Specifically, petitioners request that this court enter an order granting, vacating and remanding the petition because the Fourth Circuit’s determination that the Anti-Injunction Act deprived it of subject matter jurisdiction was overruled by this court in National Federation of Independent Businesses v. Sebelius.”
The NFIB case was the decision earlier this year in which the court, hinging on the vote of Chief Justice John Roberts, declared Obamacare a tax – making it the largest tax increase ever for American citizens – and within the authority of Congress.

Liberty Counsel had filed the petition for rehearing because it said the Richmond, Va., appeals court should hear the arguments on the constitutional issues at hand. Liberty Counsel said the action could pave the way for the case to return to the Supreme Court in 2013.

Specifically at issue are the demands from Obama that employers pay for government-listed health care coverages, including abortifacients and other services that Christians and others cannot accept because of their religious beliefs.

The constitutional issue is the First Amendment’s Free Exercise of Religion Clause – and the question is whether the government can order people to violate their faith. Also involved is the federal Religious Freedom Restoration Act.

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How Much the ‘Fiscal Cliff’ Will Cost You……


The nonpartisan Tax Policy Center says that if all the scheduled tax increases occur, the average household would have to fork over an extra $3,400 to Uncle Sam next year. Here’s the average hike taxpayers would face, broken down by income group:
–Lowest fifth of households (average income: $11,239): $412
–Second-lowest fifth (average income: $29,204): $1,231
–Middle fifth (average income: $49,842): $1,984
–Second-highest fifth (average income: $80,080): $3,540
–Highest fifth (average income: $178,020): $14,173
–Top 1 percent (average income: about $1.3 million): $120,537

Categories: Politics | Tags: , , , , , , | 2 Comments

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