Obama's newest cabinet nominee, Kathleen Sebelius owes back taxes.
*sigh*
Tuesday, March 31, 2009
Unbelievable.
I don't know whether to laugh or cry.
Obama's newest cabinet nominee, Kathleen Sebelius owes back taxes.
*sigh*
Obama's newest cabinet nominee, Kathleen Sebelius owes back taxes.
*sigh*
Thursday, March 19, 2009
Yay for Inflation!
On Wednesday, the Federal Reserve announced that they’d be putting an additional trillion dollars into their vault.
http://www.pbs.org/newshour/bb/business/jan-june09/fed_03-18.html
To put things in perspective, there is about $800 billion in circulation around the country. There is another $800 billion already sitting in the vault, for a total monetary supply of approximately $1.6 trillion.
When congress voted to give banks the bailout money, most of the banks used the money to offset their losses on their balance sheets – instead of giving out loans (that’s what happens when you keep throwing money at problems with no strings attached). Banks have become very stingy with their loans right now so most of the bailout money is sitting in the Federal Reserve earning interest (for the banks), instead.
Now, when the economy inevitably starts to pick up, banks will start giving out loans, draining the Federal Reserve, and suddenly tons of money will be chasing the same amount of goods.
That $13 tax break Obama gave to the poor and middle class should go far when we see the double-digit inflation that ensues.
http://www.pbs.org/newshour/bb/business/jan-june09/fed_03-18.html
To put things in perspective, there is about $800 billion in circulation around the country. There is another $800 billion already sitting in the vault, for a total monetary supply of approximately $1.6 trillion.
When congress voted to give banks the bailout money, most of the banks used the money to offset their losses on their balance sheets – instead of giving out loans (that’s what happens when you keep throwing money at problems with no strings attached). Banks have become very stingy with their loans right now so most of the bailout money is sitting in the Federal Reserve earning interest (for the banks), instead.
Now, when the economy inevitably starts to pick up, banks will start giving out loans, draining the Federal Reserve, and suddenly tons of money will be chasing the same amount of goods.
That $13 tax break Obama gave to the poor and middle class should go far when we see the double-digit inflation that ensues.
Wednesday, March 18, 2009
AIG Executive Bonuses
AIG, a company that recently received a $170 billion bailout from the tax payers, will be giving out $165 million in post-bailout bonuses to their executives.
First, Obama wanted to change their contracts to take away the bonuses but now they are discussing an emergency bill that would tax their bonus money at 100%.
In fact, Chris Dodd (D) has completely flip-flopped on the issue. He specifically put a clause in the $787 billion stimulus bill that provided an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” and now he’s saying we should tax the bonuses at 100% to get the money back (by the way, Dodd was AIG’s largest single recipient of campaign donations - $103,100 – maybe he should give that money back to the tax payer as well).
So what should we do?
It is illegal for the government to go and change contracts like that. Retroactive taxes are also illegal – so if they try to do an emergency tax on the bonus money, they’ll be breaking the law as well.
The other option is to just let it go and let the executives keep their million dollar bonuses.
First, Obama wanted to change their contracts to take away the bonuses but now they are discussing an emergency bill that would tax their bonus money at 100%.
In fact, Chris Dodd (D) has completely flip-flopped on the issue. He specifically put a clause in the $787 billion stimulus bill that provided an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” and now he’s saying we should tax the bonuses at 100% to get the money back (by the way, Dodd was AIG’s largest single recipient of campaign donations - $103,100 – maybe he should give that money back to the tax payer as well).
So what should we do?
It is illegal for the government to go and change contracts like that. Retroactive taxes are also illegal – so if they try to do an emergency tax on the bonus money, they’ll be breaking the law as well.
The other option is to just let it go and let the executives keep their million dollar bonuses.
Another shining moment for the Obama administration.
Saturday, March 14, 2009
More Corruption
Does anybody remember that guy John Walker Lindh? How about Tony West?
Tony West is now Obama's nominee for the assistant attorney general in charge of the US Justice Department's Civil Division, but before that, he was the lawyer that represented John Walker Lindh - terrorist.
For those keeping score, there are a plethora of tax cheating appointees, a pornography buff, lobbyists, those with ongoing investigations of corruption, and now a terrorist sympathizer. Did I leave someone out? That list took about 30 seconds to compile; I'm sure there's more.
Another interesting tidbit of information is Tony West raised $65 million for Obama's campaign. Fancy that!
What I'd like to know is: Is Obama appointing these losers on purpose, or is this all the Democrat party has to offer nowadays? Liars, swindlers, terrorist lovers and perverts.
Tony West is now Obama's nominee for the assistant attorney general in charge of the US Justice Department's Civil Division, but before that, he was the lawyer that represented John Walker Lindh - terrorist.
For those keeping score, there are a plethora of tax cheating appointees, a pornography buff, lobbyists, those with ongoing investigations of corruption, and now a terrorist sympathizer. Did I leave someone out? That list took about 30 seconds to compile; I'm sure there's more.
Another interesting tidbit of information is Tony West raised $65 million for Obama's campaign. Fancy that!
What I'd like to know is: Is Obama appointing these losers on purpose, or is this all the Democrat party has to offer nowadays? Liars, swindlers, terrorist lovers and perverts.
Tuesday, March 10, 2009
Scare Tactics and the Left
For as long as I can remember, I’ve listened to the left whine that republicans and conservatives use scare tactics as a means of pushing their agenda. One of their go-to examples is their claim that Bush used 9/11 as an excuse to go to Iraq.
So what is it called when the Democrats use these same types of tactics to push their agenda?
Rahm Emanual (Obama’s Chief of Staff) recently told the New York Times, “Never allow a crisis to go to waste.” Not long after, Hillary Clinton told members of European Parliament, “Never waste a good crisis.” And Obama himself said last Saturday that there is great opportunity in the midst of the ‘great crisis’ befalling America.
Anybody else notice that everything is a crisis these days? The financial crisis, the education crisis, the housing crisis, the health care crisis and others are being used by the left to scare people into going along with their unprecedented levels of spending. If people don’t think there is some sort of crisis – they aren’t going to go along with multi-trillion dollar deficits.
The left spent years screaming that Bush was using a crisis for his partisan or ideological gain, and now we have Obama and his cronies boasting that they are using the pain of the American people to push their agenda – you’d think that the media would be all over that. But no.
It’s called courageous. It's called progress. It’s called leadership.
Hypocrisy is an ugly thing, isn’t it?
So what is it called when the Democrats use these same types of tactics to push their agenda?
Rahm Emanual (Obama’s Chief of Staff) recently told the New York Times, “Never allow a crisis to go to waste.” Not long after, Hillary Clinton told members of European Parliament, “Never waste a good crisis.” And Obama himself said last Saturday that there is great opportunity in the midst of the ‘great crisis’ befalling America.
Anybody else notice that everything is a crisis these days? The financial crisis, the education crisis, the housing crisis, the health care crisis and others are being used by the left to scare people into going along with their unprecedented levels of spending. If people don’t think there is some sort of crisis – they aren’t going to go along with multi-trillion dollar deficits.
The left spent years screaming that Bush was using a crisis for his partisan or ideological gain, and now we have Obama and his cronies boasting that they are using the pain of the American people to push their agenda – you’d think that the media would be all over that. But no.
It’s called courageous. It's called progress. It’s called leadership.
Hypocrisy is an ugly thing, isn’t it?
Thursday, March 5, 2009
Paying Taxes
It has come to my attention that Obama’s newest cabinet pick, Ron Kirk, owes about $10,000 in back taxes.
I’m starting to lose count of all Obama’s cabinet picks who have unpaid taxes. There’s Timothy Geithner – who’s now the Treasury Secretary in charge of the IRS. There was Tom Daschle – who was supposed to be essential in reforming our health care system. Nancy Killefer – who was self-terminated when her past tax problems were discovered. Bill Richardson pulled out of Commerce because of federal pay-to-play probe. Hilda Solis’s husband had some tax liens going back 16 years.
I’m starting to wonder if Obama’s vetting questionnaire looks something like this:
“Do you owe back taxes? If yes – when can you start?”
Maybe he needs to send Biden in to let these people know that paying taxes is patriotic (remember that?). Does that make Obama’s cabinet a bunch of traitors?
No wonder democrats don't care if taxes are raised. It doesn't affect them.
If Obama continues this trend, we may get enough Obama appointees to make a real dent in these impressive upcoming deficits.
I’m starting to lose count of all Obama’s cabinet picks who have unpaid taxes. There’s Timothy Geithner – who’s now the Treasury Secretary in charge of the IRS. There was Tom Daschle – who was supposed to be essential in reforming our health care system. Nancy Killefer – who was self-terminated when her past tax problems were discovered. Bill Richardson pulled out of Commerce because of federal pay-to-play probe. Hilda Solis’s husband had some tax liens going back 16 years.
I’m starting to wonder if Obama’s vetting questionnaire looks something like this:
“Do you owe back taxes? If yes – when can you start?”
Maybe he needs to send Biden in to let these people know that paying taxes is patriotic (remember that?). Does that make Obama’s cabinet a bunch of traitors?
No wonder democrats don't care if taxes are raised. It doesn't affect them.
If Obama continues this trend, we may get enough Obama appointees to make a real dent in these impressive upcoming deficits.
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