Monday, September 19, 2011

The Green President-Obama recycles yet another economy speech

Opinion at large


"Every time Obama speaks, thousands lose their investment portfolio," said Zou-Zou in "It's a wonderful life." President Obama has a tendency to speak out of both sides of his mouth. Today's speech, in my opinion, was a ploy to rally his base and to wage class warfare (again). It contains the same talking points as a plethora of past Obama speeches. In an interview with Obama's teleprompter, the teleprompter rejected this speech containing the same old rhetoric and partisan politics. Joking aside, President Obama hasn't got any more ideas on changing the economic down spiral. The economy is so bad that a journalist from the Chicago Tribune is telling Obama to withdraw from the Presidential race and go away. The anointed one is not feeling the love from the homies back in Chitown. Obama knows this proposed bill will not pass. This is simply a political move to blame the republicans for the pitiful economic situation. Of course, he must blame someone. Somewhere deep down inside of all liberals, they know it is George Bush's fault. Otherwise, Obama might have to blame himself. Proposing 1.5 trillion in new taxes on the rich. The rich are defined as anyone who makes over $200K. This includes the small business owner, who is struggling more today than I have ever witnessed. We don't hang out with Warren Buffet and the uppity crowd of Martha's Vineyard. I deal with the small business owner who is making a rather meager income. Obama proclaimed his bill would cut the deficit with $1.5T through tax increases, $1.1T through winding the Military's roles in Afghanistan and Iraq (maybe), $580B in reductions in entitlement programs excluding Social Security and $430B from reductions in interest costs. This collectively, would fund his $447B (non) jobs bill that actually isn't a bill yet. I wish Obama would have run a business and been responsible for a payroll before becoming King Obama. He has been spending other people's money his whole adult life. He didn't even pay for his education. Has he thanked the taxpayers for putting him through college? Doubtful! I've written in past blogs, Obama has disdain for America, capitalism and colonialism like his Father and Grandfather. If you question that, read Obama's books, Dreams of my Teleprompter and The Audacity of Nope. (Thanks to Bill "the domestic terrorist" Ayers for writing the latter.  Obama has an incredibly short memory, way back in August 2009, Obama commented on the issue with not raising taxes during a recession. Please, someone tell Obama that we are in a major recession, possibly a double dip recession. He probably skipped that class at Columbia. House speaker, John Boehner, R-OH, stated that this bill would kill any job creation falling on the backs of the job creators. Barriers remain, Barry needs a fight to jump start his campaign. He is losing his base, Jews, Independents, Hispanics and Midgets. Progressives are unhappy with Obama because he not fulfilled any campaign promises.  Not to mention, he is involved in 3 wars. I hope the republicans will hold their ground. Is this President prosecuting the Cloward-Piven theory or is he a just an idiot, in over his head? You decide. We are a little over thirteen months away from the most important election in our great republic's history. Get involved now. Do it for your kids and grand kids. They will be paying for this the rest of their little lives.


Obama in August, 2009:



Obama job's speech today:

Pathetic Funnies:


Barry, your days are numbered. January 20, 2013


REPORT: SECRET RECORDINGS UNCOVERED IN ‘FAST AND FURIOUS’ CASE

CBS News has posted what it claims is a secret recording between a senior ATF Agent and an Arizona gun store owner at the heart of the botched operation “Fast and Furious” weapons sting. The tape could be proof that the ATF tried to suppress evidence found at the crime scene of murdered U.S. Border Agent Brian Terry.
Recorded around March 2011, the tape is the work of Andre Howard, owner of Lone Wolf Trading Company in Glendale, Arizona– which was the primary gun dealer cooperating with ATF in “Operation Fast and Furious.”  On the tape, Howard is talking with the lead case ATF Case Agent Hope MacAllister, according to CBS.
Listen to their conversation below:

Note the discussion included the admission of three weapons found.
This is significant because it means the ATF might have known months ago that there were three Fast and Furious-linked guns, not two, found near U.S. Border Agent Brian Terry after he was killed in a shootout with cartel criminals.
Originally, court records only showed two “AK-47-style” weapons linked to Fast and Furious were part of the investigation. And a ballistics report turned over to Congress months ago also only indicated two Fast and Furious associated weapons.
If a new ballistics test shows the missing third gun was in fact the one used to gun down the U.S. Border Agent, it would be hard to argue that evidence was not intentionally suppressed to avoid scandal.
Apparently, the Justice Department’s Inspector General obtained the audio tape discussing the number of weapons several months ago, and for some yet-to-be-determined reason, handed them over to the U.S. Attorney’s office in Arizona — a primary subject itself of the Fast and Furious investigation.
CBS has asked the pertinent question: ”It’s unclear why the Inspector General, who is supposed to investigate independently, would turn over evidence to an entity that is itself under investigation.”
In a national election year, a cabinet-level resignation due to scandal would be very politically damaging. For Operation “Fast and Furious,” it appears robust Congressional oversight measures will be required to get anywhere near the truth.
Quote of the day:
"This isn't class warfare. This is math."  
Barack Obama's speech today on deficit reduction proposal.
I hope it isn't the same math that Obama and the liberals used on the Healthcare bill. 

CLINTON ON OBAMA’S ECONOMIC PERFORMANCE: ‘GOT A VERY DIFFICULT HAND TO PLAY’

Waiting for an uptick in the economy during President Obama’s first term? Former President Bill Clinton says don’t hold your breath:
After reading a quote from President Clinton’s former adviser James Carville, suggesting that President Obama take a complete change of direction and “fire a lot of people,” President Clinton countered Carville’s assertion that things are not going well with:
“He became president just a few months after the financial crash. Now, keep in mind, even before the financial crash, in the eight years before the financial crash, we had almost no new jobs. Only 10% as many as we had when I was President…. Historically these things take five years to get over. And a year after the President took office, the final figures came in and it turned out that the crash was even worse than anybody thought….There’s no American alive except the people who are old enough to remember the great depression, and there are not many of them, who remember what it’s like to go through a financial crash, which normally takes four to five years to get over. So he’s got a very difficult hand to play. “
After telling Americans that the President was dealt a harsh hand, and that these things usually take four to five years to turn around, he commended the President’s current economic plan, saying “I think he finally got a plan that people can gravitate to.”
When asked by David Gregory if President Obama can be reelected if unemployment does not come down significantly from 9.1 %, President Clinton responded;
“Yes, If people believe that he had a credible plan, and the Republicans thwarted it, either because they were wrong or they just wanted to beat him. That‘s the problem they’re facing.”
When asked about the Republican field of presidential candidates in 2012, Clinton said it appears to be a two-man race between Perry and Romney, but wouldn’t count anything out.
“It‘s likely to be an unpredictable year because it’s an unpredictable time.”
President Clinton’s full interview on NBC’s Meet the Press:
Conservative Praetorian Exclusive:
Bill Clinton announces support for Bachmann Candidacy the day after the Iowa State Fair. Click on download below.

Edumacation Corner:

Ten Important Facts About Capital Gains and Losses


IRS Tax Tip 2011-35, February 18, 2011
Did you know that almost everything you own and use for personal or investment purposes is a capital asset? Capital assets include a home, household furnishings and stocks and bonds held in a personal account. When a capital asset is sold, the difference between the amount you paid for the asset and the amount you sold it for is a capital gain or capital loss.
Here are ten facts from the IRS about gains and losses and how they can affect your Federal income tax return.

1. Almost everything you own and use for personal purposes, pleasure or investment is a capital asset.


2. When you sell a capital asset, the difference between the amount you sell it for and your basis – which is usually what you paid for it – is a capital gain or a capital loss. 3. You must report all capital gains. 4. You may deduct capital losses only on investment property, not on property held for personal use. 5. Capital gains and losses are classified as long-term or short-term, depending on how long you hold the property before you sell it. If you hold it more than one year, your capital gain or loss is long-term. If you hold it one year or less, your capital gain or loss is short-term. 6. If you have long-term gains in excess of your long-term losses, you have a net capital gain to the extent your net long-term capital gain is more than your net short-term capital loss, if any. 7. The tax rates that apply to net capital gain are generally lower than the tax rates that apply to other income. For 2010, the maximum capital gains rate for most people is 15%. For lower-income individuals, the rate may be 0% on some or all of the net capital gain. Special types of net capital gain can be taxed at 25% or 28%. 8. If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income, such as wages, up to an annual limit of $3,000, or $1,500 if you are married filing separately. 9. If your total net capital loss is more than the yearly limit on capital loss deductions, you can carry over the unused part to the next year and treat it as if you incurred it in that next year. 10. Capital gains and losses are reported on Schedule D, Capital Gains and Losses, and then transferred to line 13 of Form 1040. For more information about reporting capital gains and losses, see the Schedule D instructions, Publication 550, Investment Income and Expenses or Publication 17, Your Federal Income Tax. All forms and publications are available at http://www.irs.gov or by calling 800-TAX-FORM (800-829-3676).

Links:
  • Publication 17, Your Federal Income Tax (PDF 2015.9K)
  • Publication 550, Investment Income and Expenses (PDF 516K)


    Quote Du jour:





    Every citizen should be a soldier. This was the case with the Greeks and Romans, and must be that of every free state.







    Thomas Jefferson









    Writings of our Founding Fathers
             Federalist Papers



    | Federalist No. 2 ||

    Concerning Dangers from Foreign Force and Influence
    For the Independent Journal.
    Author: John Jay
    To the People of the State of New York:
    WHEN the people of America reflect that they are now called upon to decide a question, which, in its consequences, must prove one of the most important that ever engaged their attention, the propriety of their taking a very comprehensive, as well as a very serious, view of it, will be evident.
    Nothing is more certain than the indispensable necessity of government, and it is equally undeniable, that whenever and however it is instituted, the people must cede to it some of their natural rights in order to vest it with requisite powers. It is well worthy of consideration therefore, whether it would conduce more to the interest of the people of America that they should, to all general purposes, be one nation, under one federal government, or that they should divide themselves into separate confederacies, and give to the head of each the same kind of powers which they are advised to place in one national government.
    It has until lately been a received and uncontradicted opinion that the prosperity of the people of America depended on their continuing firmly united, and the wishes, prayers, and efforts of our best and wisest citizens have been constantly directed to that object. But politicians now appear, who insist that this opinion is erroneous, and that instead of looking for safety and happiness in union, we ought to seek it in a division of the States into distinct confederacies or sovereignty's. However extraordinary this new doctrine may appear, it nevertheless has its advocates; and certain characters who were much opposed to it formerly, are at present of the number. Whatever may be the arguments or inducements which have wrought this change in the sentiments and declarations of these gentlemen, it certainly would not be wise in the people at large to adopt these new political tenets without being fully convinced that they are founded in truth and sound policy.
    It has often given me pleasure to observe that independent America was not composed of detached and distant territories, but that one connected, fertile, wide spreading country was the portion of our western sons of liberty. Providence has in a particular manner blessed it with a variety of soils and productions, and watered it with innumerable streams, for the delight and accommodation of its inhabitants. A succession of navigable waters forms a kind of chain round its borders, as if to bind it together; while the most noble rivers in the world, running at convenient distances, present them with highways for the easy communication of friendly aids, and the mutual transportation and exchange of their various commodities.
    With equal pleasure I have as often taken notice that Providence has been pleased to give this one connected country to one united people--a people descended from the same ancestors, speaking the same language, professing the same religion, attached to the same principles of government, very similar in their manners and customs, and who, by their joint counsels, arms, and efforts, fighting side by side throughout a long and bloody war, have nobly established general liberty and independence.
    This country and this people seem to have been made for each other, and it appears as if it was the design of Providence, that an inheritance so proper and convenient for a band of brethren, united to each other by the strongest ties, should never be split into a number of unsocial, jealous, and alien sovereignty's.
    Similar sentiments have hitherto prevailed among all orders and denominations of men among us. To all general purposes we have uniformly been one people each individual citizen everywhere enjoying the same national rights, privileges, and protection. As a nation we have made peace and war; as a nation we have vanquished our common enemies; as a nation we have formed alliances, and made treaties, and entered into various compacts and conventions with foreign states.
    A strong sense of the value and blessings of union induced the people, at a very early period, to institute a federal government to preserve and perpetuate it. They formed it almost as soon as they had a political existence; nay, at a time when their habitations were in flames, when many of their citizens were bleeding, and when the progress of hostility and desolation left little room for those calm and mature inquiries and reflections which must ever precede the formation of a wise and well balanced government for a free people. It is not to be wondered at, that a government instituted in times so inauspicious, should on experiment be found greatly deficient and inadequate to the purpose it was intended to answer.
    This intelligent people perceived and regretted these defects. Still continuing no less attached to union than enamored of liberty, they observed the danger which immediately threatened the former and more remotely the latter; and being persuaded that ample security for both could only be found in a national government more wisely framed, they as with one voice, convened the late convention at Philadelphia, to take that important subject under consideration.
    This convention composed of men who possessed the confidence of the people, and many of whom had become highly distinguished by their patriotism, virtue and wisdom, in times which tried the minds and hearts of men, undertook the arduous task. In the mild season of peace, with minds unoccupied by other subjects, they passed many months in cool, uninterrupted, and daily consultation; and finally, without having been awed by power, or influenced by any passions except love for their country, they presented and recommended to the people the plan produced by their joint and very unanimous councils.
    Admit, for so is the fact, that this plan is only RECOMMENDED, not imposed, yet let it be remembered that it is neither recommended to BLIND approbation, nor to BLIND re probation; but to that sedate and candid consideration which the magnitude and importance of the subject demand, and which it certainly ought to receive. But this (as was remarked in the foregoing number of this paper) is more to be wished than expected, that it may be so considered and examined. Experience on a former occasion teaches us not to be too sanguine in such hopes. It is not yet forgotten that well-grounded apprehensions of imminent danger induced the people of America to form the memorable Congress of 1774. That body recommended certain measures to their constituents, and the event proved their wisdom; yet it is fresh in our memories how soon the press began to teem with pamphlets and weekly papers against those very measures. Not only many of the officers of government, who obeyed the dictates of personal interest, but others, from a mistaken estimate of consequences, or the undue influence of former attachments, or whose ambition aimed at objects which did not correspond with the public good, were indefatigable in their efforts to persuade the people to reject the advice of that patriotic Congress. Many, indeed, were deceived and deluded, but the great majority of the people reasoned and decided judiciously; and happy they are in reflecting that they did so.
    They considered that the Congress was composed of many wise and experienced men. That, being convened from different parts of the country, they brought with them and communicated to each other a variety of useful information. That, in the course of the time they passed together in inquiring into and discussing the true interests of their country, they must have acquired very accurate knowledge on that head. That they were individually interested in the public liberty and prosperity, and therefore that it was not less their inclination than their duty to recommend only such measures as, after the most mature deliberation, they really thought prudent and advisable.
    These and similar considerations then induced the people to rely greatly on the judgment and integrity of the Congress; and they took their advice, notwithstanding the various arts and endeavors used to deter them from it. But if the people at large had reason to confide in the men of that Congress, few of whom had been fully tried or generally known, still greater reason have they now to respect the judgment and advice of the convention, for it is well known that some of the most distinguished members of that Congress, who have been since tried and justly approved for patriotism and abilities, and who have grown old in acquiring political information, were also members of this convention, and carried into it their accumulated knowledge and experience.
    It is worthy of remark that not only the first, but every succeeding Congress, as well as the late convention, have invariably joined with the people in thinking that the prosperity of America depended on its Union. To preserve and perpetuate it was the great object of the people in forming that convention, and it is also the great object of the plan which the convention has advised them to adopt. With what propriety, therefore, or for what good purposes, are attempts at this particular period made by some men to depreciate the importance of the Union? Or why is it suggested that three or four confederacies would be better than one? I am persuaded in my own mind that the people have always thought right on this subject, and that their universal and uniform attachment to the cause of the Union rests on great and weighty reasons, which I shall endeavor to develop and explain in some ensuing papers. They who promote the idea of substituting a number of distinct confederacies in the room of the plan of the convention, seem clearly to foresee that the rejection of it would put the continuance of the Union in the utmost jeopardy. That certainly would be the case, and I sincerely wish that it may be as clearly foreseen by every good citizen, that whenever the dissolution of the Union arrives, America will have reason to exclaim, in the words of the poet: "FAREWELL! A LONG FAREWELL TO ALL MY GREATNESS."
    PUBLIUS.






    References:
    www.hotair.com
    www.theblaze.com
    www.americanspectator.com
    www.realclearpolitics.com
    www.americanthinker.com
    www.drudgereport.com
    www.quotationspage.com
    Library of Congress/Federalist Papers
    Washington Post








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