Saturday, July 28, 2012

The Capital of Israel is Jerusalem. Right Mr. President?

Friday, July 27, 2012

The Economy

With downward GDP revisions, the Obama recovery has cumulative GDP growth up 6.7% vs. 18.5% for Reagan recovery
The Obama recovery has averaged GDP growth of 2.2% vs. 5.7% for Reagan recovery over 12 quarters
Obama's answer to this tepid growth: Raise taxes on the job creators. Has that ever worked?

Friday, July 20, 2012

Can Obama Put Out A Campaign Ad Like This?

No Record of Accomplishment
Limited government so conceived has two indispensable advantages. It avoids inexorable European-style national insolvency. And it avoids breeding debilitating individual dependency. It encourages and celebrates character, independence, energy, hard work as the foundations of a free society and a thriving economy — precisely the virtues Obama discounts and devalues in his accounting of the wealth of nations.

New Seinfeld Online Series - Very Funny

Tuesday, July 17, 2012

Another Day at the Office for POTUS

Obama Schedule || Tuesday, July 17, 2012

by Keith Koffler on July 16, 2012, 9:38 pm
9:00 am ET || Departs White House
11:30 am CT || Arrives San Antonio
1:00 pm CT || Delivers remarks at a fundraiser; The Henry B. Gonzalez Convention Center, San Antonio
2:30 pm CT || Attends a fundraiser; private residence, San Antonio
3:50 pm CT || Departs San Antonio
4:25 pm CT || Arrives Austin
5:50 pm CT || Delivers remarks at a fundraiser; Austin Music Hall
7:55 pm CT || Delivers remarks at a fundraiser, private residence
9:10 pm CT || Departs Austin
1:20 am ET || Arrives White House

Saturday, July 14, 2012

Barack Obama Imitating Lizzy Warren

    There are a lot of wealthy, successful Americans who agree with me -- because they want to give something back.  They know they didn’t -- look, if you’ve been successful, you didn’t get there on your own.  You didn’t get there on your own.  I’m always struck by people who think, well, it must be because I was just so smart.  There are a lot of smart people out there.  It must be because I worked harder than everybody else.  Let me tell you something -- there are a whole bunch of hardworking people out there. 

Friday, July 13, 2012

Scott Brown Must Defeat Lizzy Warren

Elizabeth Warren is a typical leftist ego-maniac incapable of admitting she’s wrong.  This was in the local paper today:
Martha’s Vineyard Patch:

The first question came from a reader in Lynnfield. “Although there is a relatively small number of Mass. voters of Native American descent, do you feel you have addressed their concerns about your own statements involving your heritage?”

Elizabeth Warren:

Growing up, my mother and grandparents often talked about our family’s Native American heritage. As a kid, I never asked them for documentation–what kid would?

But growing up, I knew that my parents had been very much in love, but that my father’s family said they couldn’t get married because my mother was part Cherokee and part Delaware. So they eloped. We grew up with this all our lives.

I never asked for–and never got–any benefit in school or in jobs. The people who hired me have said that they didn’t even know about it when they recruited me–and it played no role in my hiring.

So there it is.

Rich Gunnell

Thursday, July 12, 2012

Quiz of the Day. Who Knows Me?

So, last weekend on Martha's Vineyard, I saw this car.    I was so horrified that I had to snap a picture.   So here is the quiz.  After looking at this picture, what do I dislike the most:

1.  UConn
2.  Yankees
3.   Obama

The winner gets a spot at my tailgate this year for free!

Tuesday, July 10, 2012

Johnny Gaudreau Interview

Off the Tax Cliff He Goes

From Today's WSJ:

So the 2013 tax cliff is a big enough economic problem that President Obama now wants to postpone it for some taxpayers. But it isn't so big that he's willing to curb his desire to raise taxes on tens of thousands of job-creating businesses.

That's the essence of Mr. Obama's announcement Monday that he wants Congress to extend current tax rates for a year, but only for those making less than $200,000 a year. This is a political gambit designed to protect Democrats who are starting to feel queasy about opposing GOP plans to extend all of the Bush rates as the economy weakens again. The ploy could help Democrats if Republicans fall for it, but it won't reduce the economic damage to the country.

By Mr. Obama's economic logic, tax increases matter on middle-income earners but are irrelevant to everyone else. "By the way, these tax cuts for the wealthiest Americans are also the tax cuts that are least likely to promote growth," as he put it Monday.

But Mr. Obama is demanding tax increases, not tax cuts, and large increases at that. If the Bush tax rates expire as scheduled on December 31, rates on the top two income brackets will jump to 39.6% from 35%, and 36% from 33%. Add the scheduled return of income phaseouts for exemptions and deductions, and the rates go up another two-percentage points—to at least 41% and 35%.

Mr. Obama claims this will merely return rates to what "we were paying under Bill Clinton," but that's not true either. It ignores his ObamaCare tax increase of 0.9% on top of the current 2.9% Medicare tax, plus a new 2.9% surcharge on investment income, including interest income.

That's an additional 3.8% surcharge on investment income, and added to the Bush expirations would take the capital gains rate to 23.8% from 15% today, and the dividend tax rate to about 45% from 15%. In Mr. Obama's economic world, tax cuts for middle-class "consumption" are good, but low rates to spur saving and investment are bad. This makes no sense because consumption is ultimately the product of saving and investment.

The President dismissed all of this as merely affecting 3% of small business owners. But that includes tens of thousands of the most productive, fastest-growing small businesses—those most likely to hire workers amid a national jobless rate of 8.2%. 

Congress's Joint Tax Committee—not a conservative outfit—estimates that in 2013 about 940,000 taxpayers will have enough business income to meet Mr. Obama's tax increase threshold. And of the roughly $1.3 trillion in net business income, about 53% will get hit with the higher tax rates.

This is because millions of businesses report their income as sole proprietors and subchapter S corporations that file under the individual tax code. So Mr. Obama wants these businesses to pay higher tax rates than the giant likes of General Electric or J.P. Morgan. Does that qualify as "tax fairness"?

As for the impact on growth, even Keynesian theory holds that raising taxes should be avoided in a weak economy. That's the argument that Mr. Obama used in late 2010 when he agreed with Republicans to extend the Bush rates through the end of 2012.

His assumption then was that the economy would be stronger now, but today we are in the third slow-growth patch in three years. Businesses are sitting on their wallets as they wait out the tax, regulatory and election uncertainty. Mr. Obama's tax gambit will only increase that uncertainty and further retard investment and job creation.

We also know from experience that high earners are most able to move their money to avoid high tax rates. If they don't have tax shelters at home, they can find opportunities abroad. Mr. Obama is running ads accusing Mitt Romney of sending jobs offshore, but the best way to send capital and jobs overseas is to raise U.S. tax rates to levels that aren't competitive with the rest of the world.

Mr. Obama tacitly admits this when he talks about corporate tax reform, but raising tax rates merely increases the incentive for Congress to create more tax shelters. Mr. Obama promised Monday that if Republicans accept his proposal now, they can all come together on tax reform next year. But he knows that if tax rates rise, the Beltway's revenue "scoring" conventions will make it that much harder to cut rates again as part of tax reform. In any event, he showed the value of his promises during his 2011 backroom budget charade with Speaker John Boehner.

The good news Monday is that Republicans in Congress and Mr. Romney seemed disinclined to take this class-war bait. Perhaps they realize that if they agree to raise some taxes but not others, they'll dispirit their own base and hurt the economy. They can also put Senate Democrats on the spot by forcing them to choose between extending rates for everyone and accepting Mr. Obama's tax increase. Republicans can win this debate by stressing growth over fairness and jobs over income redistribution.

Saturday, July 7, 2012

Ray LaHood - Transportation Secretary

Ray LaHood:

“The Chinese are more successful [in building infrastructure] because in their country, only three people make the decision. In our country, 3,000 people do, 3 million,” LaHood said in a short interview with The Cable on the sidelines of the 2012 Aspen Ideas Festival on June 30. “In a country where only three people make the decision, they can decide where to put their rail line, get the money, and do it. We don’t do it that way in America.”


Ray LaHood spoke at the BC Commencement in 2011.  I met him and found him to be a very personable and intelligent guy.  But this quote?  Are you kidding me?   A Chinese politburo is preferable to our three co-equal branches of government?   And maybe we should mandate a one child per family policy like the Chinese government does?    This quote really outlines our choice this November.   We've got to defeat this administration.    Romney is not a great candidate but I would vote for an orange juice can over Barack Obama and his henchman.