Category Archives: True Talking Points

Wall St. Made More Money In 2.5 Years Of Obama Than 8 Years Of Bush

Mika Brzezinski, MSNBC’s “Morning Joe”: “New government data shows profits for America’s largest financial firms are once again reaching record highs not seen sense before the financial crisis of 2008. In fact, Wall Street firms have earned more in the first two and a half years of the Obama presidency than all 8 years of the Bush presidency. Over 85 billion dollars in profits compared to 77 billion.”

Joe Scarborough: “Wait — you mean in the first two years they made more than in eight years than in the Bush administration?”

Brzezinski: “That’s correct.”

The facts are that while Obama claims to be against Wall Street and is a champion of the poor against the rich, he is in Wall Street’s back pocket. The Dodd-Frank bill and these other regulations passed in the name of defending the poor, actually tilt the playing field to his donors, expend the power of the federal government to pick winners and losers and Lord help you if you are a part of the smaller competition. I explored this subject for years in great detail on my old college blog.

Related:

Top All-Time Donors, 1989-2012 – Hint: Most goes to Democrats – LINK.

Top 20 Industry Money Recipients This Election Cycle – Who is in the back pocket of Wall Street? – LINK.

Corruption You Can Believe In: Failed Sub Primes and Mortgage Fraud Lenders Funneled Money to Dodd & Obama the Most. Fannie & Freddie Gave $200 Million to Partisans-Most Went to Democrats! Dodd, Obama Among Top Recipients. Republicans Attempted to Pass Reforms-Blocked by Democrat Leadership! – LINK.

Hypocrite! Elizabeth Warren Takes Wall Street Cash! – LINK.

Corruption: Most Stimulus Funds Spent in Democrat Districts – LINK.

The taxes Democrats propose to “soak the rich” always seem to miss those who they demagogue for not paying their fair share. They have been “soaking the rich” for decades and keep missing the target. Why? – LINK.

Deroy Murdock: Newt’s 15 percent flat tax option trumps Mitt’s morass

Deroy Murdock:

Deroy Murdock
Deroy Murdock

Even at 15 percent, the rich will pay more. For argument’s sake, someone who earns $100,000 would pay $15,000 in taxes, while someone who makes $100 million would pay $15 million. Delicate calculations confirm that $15 million exceeds $15,000. The rich will pay more dollars in taxes, but as a proportion of income equal with everyone else. Hello, “fair share.”

Gingrich also would chop America’s corporate tax from 35 percent (the industrial world’s second highest, after Japan’s) to a flat 12.5 percent, which would tie Ireland’s as the lowest and most competitive among developed nations. Coupled with immediate, 100 percent expensing of capital purchases, such a stimulus would unleash dramatic economic expansion — rather than the Obama-style “stimulus” that yields bankruptcies, layoffs, and FBI raids.

Compared to Gingrich’s gutsy blueprint, Romney’s exhibits the caution that has made the former Massachusetts governor the “Oh, well, if we must” choice, even among his supporters.

While Romney would ditch the death tax and cut the corporate tax to 25 percent, he would preserve today’s income-tax rates. He would scrap taxes on interest, capital gain, and dividends, but — echoing Obama — only for those making less than $200,000. – [Political Arena Editor Chuck Norton – the vast majority of those who make over $200,000 in what the IRS calls “earned income” are small and medium sized businesses. Mitt’s plan is so mild that it cannot do the economic heavy lifting to get us out of this morass. Speaking in economic terms, Obama’s plan is an economy killing machine and Mitt Romney’s is only marginally better.]

Communist Party USA Endorses Obama & Democratic Party for 2012

 

Via Fellowship of the Minds web log who was reading the Communist Party USA web site:

I found a report, “Fighting For Our Future,” which Chairman Webb gave at a meeting of the National Committee of the Communist Party on June 26, 2011. Webb said:

“Socialism isn’t yet embraced by large sections of the American people…. In these circumstances, the role of the left is to step up our efforts to energize, broaden, deepen, and, above all, unite the movement against the draconian plans of the Republican right…. Nothing is more important than the ideological and political strengthening of this movement….

It is obvious that there is a growing feeling of frustration and even anger among supporters of the Democratic Party with its performance over the past two years…. I am also disappointed with some aspects of the Obama administration’s domestic and foreign policy. But I don’t forget that this administration governs in a very hostile political environment in which the right is laboring overtime to wreck its initiatives at every step of the way….

But the main question from a strategic point of view is this: Does it make any difference, from the standpoint of the class and democratic struggles, which party gains political ascendency?

In our view, the differences between the two parties of capitalism are of consequence…. Neither party is anti-capitalist, but they aren’t identical either. Differences exist at the levels of policy and social composition. Despite the many frustrations of the past two years, the election of Barack Obama was historic and gave space to struggle for a people’s agenda….

The 2012 elections have begun…. No other struggle now or in the foreseeable future has the same possibility to effect a change in the political balance of forces in a progressive direction…. While millions understandably feel dissatisfied with the Democratic Party…it is the only viable alternative to the Republican Party at this moment.”

NEA tells members to contribute to the NEA Childrens Fund. The money goes to John Kerry and Obama.

So your teachers union asks you to donate the the children’s charity associated with the union. They do everything to hide the fact that the money does not go to help children at all. It goes to billionaire John Kerry and multimillionaire Barack Obama.

Here’s a quote from House Oversight Committee testimony re unions:

“Later that day, while in the restroom, I over heard two ladies from California discussing the Children’s Fund. I asked them if they were required to give and the ladies told me no. They did not give to it because it is a political contribution. I cannot tell you the rush that came over me at that time. It was a mixture of anger and stupidity. I felt as though I had been totally duped. To add insult to injury, later that afternoon, then NEA President, Reg Weaver announced the NEA would be endorsing John Kerry for President. President Weaver went on to announce the NEA Children’s Fund had raised a large amount of money; and that, too would go to our friend in education, John Kerry. I felt a wave of illness come over me like none I have ever felt before. These who were supposed to be my people; duped me into donating to a candidate I was voting against.

Read the entire testimony here – http://oversight.house.gov/images/stories/Testimony/2-8-12_Full_Waites.pdf

Catholics for Obama…

Anyone who has ever used a Catholic hospital or school and enjoyed those services should not vote for another Democrat. The Democratic Party from Obama on down has declared war on these services.

By the way, we conservatives warned that this could happen under ObamaCare as it was phased in. The elite media and the Democrats said we were crazy liars. Well, now here we are.

Of course here is the rub. Mitt Romney after promising it wouldn’t happen, ended up having RomneyCare mandate that Catholic Hospitals had to give day after abortion pills under some circumstances.

Oh and you Catholics who dare to act surprised by this; your church leadership has been pushing statism (far left Democrats) for decades. Now you have it. Learn from this and do the country a favor and make it a lesson you remember.

VDH: We too can lose our civilization…

Dr. Victor Davis Hanson (excerpt):

In my state, Californians for 40 years have hiked taxes; grown their government; vastly expanded entitlements; put farmland, timberland, and oil and gas lands off limits; and opened their borders to millions of illegal aliens. They apparently assumed that they had inherited so much wealth from prior generations and that their state was so naturally rich, that a continually better life was their natural birthright.

It wasn’t. Now, as in Greece, the veneer of civilization is proving pretty thin in California. Hospitals no longer have the money to offer sophisticated long-term medical care to the indigent. Cities no longer have the funds to self-insure themselves from the accustomed barrage of monthly lawsuits. When thieves rip copper wire out of street lights, the streets stay dark. Most state residents would rather go to the dentist these days than queue up and take a number at the Department of Motor Vehicles. Hospital emergency rooms neither have room nor act as if there’s much of an emergency.

Traffic flows no better on most of the state’s freeways than it did 40 years ago — and often much worse, given the crumbling infrastructure and increased traffic. Once-excellent K–12 public schools now score near the bottom in nationwide tests. The California state-university system keeps adding administrators to the point where they have almost matched the number of faculty, though half of the students who enter CSU need remedial reading and math. Despite millions of dollars in tutoring, half the students still don’t graduate. The taxpayer is blamed in constant harangues for not ponying up more money, rather than administrators being faulted for a lack of reform.

In 1960, there were far fewer government officials, far fewer prisons, far fewer laws, and far fewer lawyers — and yet the state was a far safer place than it is a half-century later. Technological progress — whether iPhones or Xboxes — can often accompany moral regress. There are not yet weeds in our cities, but those too may be coming.

The average Californian, like the average Greek, forgot that civilization is fragile. Its continuance requires respect for the law, tough-minded education, collective thrift, private investment, individual self-reliance, and common codes of behavior and civility — and exempts no one from those rules. Such knowledge and patterns of civilized behavior, slowly accrued over centuries, can be lost in a single generation.

A keen visitor to Athens — or Los Angeles — during the last decade not only could have seen that things were not quite right, but also could have concluded that they could not go on as they were. And so they are not.

Washington, please take heed.

Economic Indicators Show President Obama’s Failing Record.

House Ways & Means Committee:

Earlier this week during his State of the Union address, President Obama said, “The defining issue of our time is how to keep that [American] promise alive.”

What he conveniently omitted from his speech was that his failed policies have done nothing to make it easier to achieve, or afford, success.  In fact, as the table below shows, the Obama Administration has left Americans worse off.

America Before President Obama Took Office and Now

  Before Now Change
Number of Unemployed1 12.0 Million 13.1 Million +9%
Long-Term Unemployed2 2.7 Million 5.6 Million +107%
Unemployment Rate3 7.8% 8.5% +9%
“High Unemployment” States4 22 43 +95%
Misery Index5 7.83 11.46 +46%
Price of Gas6 $1.85 $3.39 +83%
“Typical” Monthly Family Food Cost7 $974 $1,013 +4%
Median Value of Single-Family Home8 $196,600 $169,100 -14%
Rate of Mortgage Delinquencies9 6.62% 10.23% +55%
U.S. National Debt10 $10.6 Trillion $15.2 Trillion +43%

 

Number of unemployed in January 2009 and December 2011. http://www.bls.gov/data/#unemployment.
“Long-term unemployed” means for over 26 weeks; data for January 2009 and December 2011. http://www.bls.gov/data/#unemployment.
3 Unemployment rates in January 2009 and December 2011. http://www.bls.gov/data/#unemployment.
4 “High unemployment” means having a 3-month average unemployment rate of 6% or higher.  From the Bureau of Labor Statistics’ “Extended Benefits Trigger Notice” for January 18, 2009 and January 22, 2012. http://www.ows.doleta.gov/unemploy/trigger/2009/trig_011809.html and http://ows.doleta.gov/unemploy/euc_trigger/2012/euc_012212.html.
5 The “Misery Index” equals unemployment plus inflation.  For January 2009 and December 2012.  http://www.miseryindex.us/indexbymonth.asp.
Average retail price per gallon, January 2009 week 3 and January 2012 week 4. http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPMR_PTE_NUS_DPG&f=W.
7 U.S. Department of Agriculture, values represent monthly “moderate” cost per family of four for January 2009 and November 2011. http://www.cnpp.usda.gov/USDAFoodCost-Home.htm.
8 U.S. median sales price of existing single-family homes for metropolitan areas for 2008 and 2011 Q3. http://www.realtor.org/research/research/metroprice.
9 Residential mortgage delinquencies (real estate loans) for 2008 Q4 and 2011 Q3. http://www.federalreserve.gov/releases/chargeoff/default.htm.

10 Values for January 21, 2009 and January 23, 2012.  http://www.treasurydirect.gov/NP/BPDLogin?application=np.

MF Global scandal have you wallowing in financio-babble?

Our good friend Tamara De Silva has written a series of articles on the MF Global scandal. In her latest piece Tamara presents the information “in English” so that regular folks who are not in the industry can understand it.

This is one of the MUST READ pieces of the year.  Here is a teaser:

….a possible conflict of interest between Jon Corzine [former NJ Governor and Democrat Bundler] and Mr. Gensler [CFTC Chairman] based upon their friendship, and a common political and professional involvement. What follows is a laundry list of connections-the applicability to MF Global comes later. For starters, Jon Corzine was the Chairman of Goldman Sachs during part of the eighteen years that Gary Gensler worked at Goldman Sachs. Mr. Gensler donated $10,000 to Corzine’s campaign for governor of New Jersey. They worked together in Congress when Corzine was a Senator and Mr. Gensler a Senate aide. They worked closely together drafting large portions of the investor protection act, Sarbanes Oxley, while Corzine served on the Senate Banking Committee.

More…

In 2010, Corzine invited Gensler to lecture at Princeton about financial regulation and Gensler also spoke to the audience assembled about his friendship with Corzine. Gensler donated $300,000 to the prominent Democratic candidates including President Obama and Hillary Clinton. Corzine has been one of President Obama’s elite bundlers, this past April 2011, alone holding an exclusive fundraiser from his Manhattan apartment where he was able to pass the hat around for more than $500,000. Gensler authored much of the Dodd-Frank Act and analysts like Sandler and O’Neill Partners wrote that they expected Corzine’s contacts in Washington as he took over as CEO of MF Global in 2010 to help him “navigates a shifting regulatory environment.”

Read on HERE!

Hmmm I wonder if the CFTC will have the ability to put service before self and investigate their own boss? After what we have already seen in the Obama Administration I am not holding my breath.

American Thinker: (Mitt Romney Is) The Republican Establishment’s Strategic Blunder

I have been very concerned that the establishment assault on grass roots conservatives can lead to a massive strategic blunder. While in a worst case scenario it can lead to a conservative third party, it is much more likely to have grass roots conservatives staying home on election day which in 2006 and 2008 they have proved that they are all too willing to do.

I was wondering when I wrote the editorial linked to above if I was alone in thinking that. American Thinker, columnists such as Thomas Sowell, Milton Wolf, and Ben Domenech have now voiced the same. I am confident that John Hawkins will be asking this shortly.

American Thinker:

The Republican Party has a tenuous hold on the conservative movement in America.   At present the only home for the 40 per cent of the electorate that identify themselves as conservative is the Republican Party, but it appears that those who are nominally identified as the “Republican Establishment” are doing all they can to alienate the vast majority of the current base of the Party.

There is no office on Connecticut Avenue in Washington with a sign reading “The Republican Establishment” or the “The Democratic Establishment”; rather it is an amalgam of like-minded groups with one common interest: control of the government purse-strings.

The Republican Establishment is made up of the following:  1) many current and nearly all retired Republican national office holders whose livelihood and narcissistic demands depends upon fealty to Party and access to government largesse; 2) the majority of the conservative media, including pundits, editors, writers and television news personalities based in Washington and New York whose proximity to power and access is vital to their continued standard of living;  3) numerous think-tanks and members thereof who are waiting to latch on to the next Republican administration for employment and ego-gratification; and 4) the reliable deep pocket political contributors and political consultants whose future is irrevocably tied to the political machinery of the Party.

The overriding interest of this cabal has been and continues to be: the accumulation of power through the control of the income, borrowing and spending by the Federal Government.   Thus, with the exception of the presidency of Ronald Reagan and the Republican controlled House of Representatives from 1995 to 1999, the Republican members of the Ruling Class have been content since 1952 to merely slow down the big-government policies of the Democrats while publicly decrying their tax and spend policies.

This insider apparatus has been the primary determining factor in whom among those choosing to run for office will receive the financial, media and logistical support so vital for any political campaign, but particularly for national office be it the Presidency or either house of Congress.   It is this cabal that has given the nation Richard Nixon, Gerald Ford, George H.W. Bush, Bob Dole, George W. Bush and John McCain in the presidential sweepstakes and innumerable go-along to get-along members of Congress.

Read more: http://www.americanthinker.com/2012/01/the_republican_establishments_strategic_blunder.html

Solyndra caught tossing millions of dollars’ worth of assets YOU paid for into dumpsters

With so many of thee green energy boondoggles it looks like this: Obama gives big taxpayer money to a fund raiser who is an owner in a “green energy company”. Said owners pay themselves in a big way, give big money to Democrats and go out of business.

Related:

Another Green Energy Stimulus Recipient Hits the Skids (the third this week!) – LINK

CBS: Obama Admin knew green energy boondoggles were politically motivated – LINK

Whopping Lies: New Obama ad defends energy policy, Solyndra – LINK

 

Do not apply “perfection tests” to candidates

by Political Arena Editor Chuck Norton

This perfection double standard could apply to any candidate, but since Newt Gingrich is the subject of the current news cycle he will make a fine example.

Like many people, Newt’s ideology has changed over the years. Reagan’s influence changed the ideology of a great many. Did you know that Charles Krauthammer and George Will both opposed Reagan?

I see many people on FaceBook, blogs, and message boards blasting a candidate for saying something nice about a Democrat in 1972, while engaging in pretzel logic justifying their own candidate’s recent imperfections. By that standard every candidate is disqualified including President Reagan.

Ronald Reagan campaigned for FDR and Truman. So by the standard applied to Newt Gingrich this week Reagan was unfit to serve as a Republican.

Michelle Bachmann campaigned for Jimmy Carter.

Rick Perry was Texas Chair for Al Gore for President.

Zell Miller was a life long Democrat before he spoke at the Republican Convention against John Kerry as the Keynote Speaker.

Dennis Miller used to be a Democrat. David Horowitz, a conservative icon in every sense of the word, used to be a full fledged Communist radical.

I see many people posting videos of Glenn Beck criticizing Newt, but Beck cannot meet the standard that he applies to Newt Gingrich because Beck was a liberal alcoholic just a few years ago by his own admission.

I have particularly noticed this “perfect conservative consistency standard complete with a 20/20 hindsight rider” used against Newt Gingrich and Rick Santorum by supporters of Mitt Romney… yes that is right Mitt Romney, who of course has a record that isn’t nearly as conservative as the other two.

On line and in other communications I have seen more and more Romney supporters get so caught up and emotionally charged with the anti-Newt media narrative that they are ready to vote for:

The guy behind RomneyCare over the man behind the Contract with America (Newt), America’s premier social conservative (Santorum), and the best job-creating governor in America (Perry – but he just dropped out), all of whom would also be more electable.

The “perfectionists” are selectively and conveniently applying a standard no candidate can meet. They are making the perfect the enemy of the good as evidenced by a recent Romney narrative  “Newt supported Rockefeller in 1960’s” line. Really guys… the 1960’s?

The propaganda from those who oppose TEA Party conservatives and newly involved independents is designed to target the sensitivities of those TEA Party conservatives – by using that tactic those who are far less conservative have TEA Party activists attacking the candidates that would actually govern more conservative.

When Santorum started going up in the polls what did Romney and his attack dogs call him in ads – a Big Government non-conservative who was contrary to the Reagan Revolution.  The Ronbots ran with it and spouted a similar narrative.

At first Rick Santorum was too conservative and now he is akin to Nancy Pelosi… many TEA Party activists are being lead about by the nose with these false narratives that are so brilliantly designed to target their sensitivities.

As a trained propagandist myself, I am like the magician who shows you how the other guys “made it disappear”.

One can be certain that Mitt Romney and President Obama have hired a team people all with similar training to what I have. Their propaganda is focus-grouped to be tested to generate exactly the narratives I am explaining to you here. The tactics and psychology of communication they use IS that sophisticated. You need to be as aware of this as possible. And make no mistake, even educated conservatives who believe they are informed are as easily influenced by negative ads and attitude change propaganda as anyone.

Mitt Romney is attacking candidates far more conservative than he is for not being perfectly conservative throughout history and voters are falling for it…. and emotionally investing in it with zeal.

But Chuck, Romney can get independents and is more likely to win….

Besides the fact that the political strategy just outlined was the political strategy of Gerald Ford, Bush 41 vs Clinton, Bob Dole and John McCain… and it is precisely that strategy that Reagan opposed; just who are these “Independents”??

In the 2010 elections, in 9 of the top 10 presidential swing states, women and Catholics voted for GOP/TEA Party candidates in the largest numbers since the 1984 Reagan 49 state landslide. Woman and Catholics are the two most notorious 50/50 swing voters.

So let me ask you. Were those swing voters responding to a moderate message of not being too conservative? Were they responding to “lets not be too strident in our opposition to Obama” (That is a Romney quote by the way)? Or were they responding to the TEA Party message of Allen West, Newt Gingrich, and Sarah Palin?

Newt’s early previous statements, which I will freely admit are all over the place, do cause one to pause, but policy is where the rubber meets the road. not statements. Look at the policy heavy lifting Newt got done for conservatives.

While some are content to vote for the man who continues to defend RomneyCare and government mandates; I am more inclined to vote for an imperfect man who passed the Contract With America, balanced the federal budget, cut taxes, grew the economy, and passed Welfare Reform.

Newsmax: Romneycare and Obamacare Are Identical

Betsy McCaughey at Newsmax:

Presidential aspirant Mitt Romney may not have intended that the mandatory health insurance law he signed in 2006 would look like the Obama health law. But the Massachusetts law does a lot more than cover the uninsured (a worthy goal). The law broadens the powers of government to dictate treatment decisions and even interferes in where and how patients die. The result will be a breathtaking shift of decision-making from the doctor at bedside to the state.

ROMNEYCARE                                     OBAMACARE
Individual mandate                              Individual mandate
Employer mandate                               Employer mandate
Mandatory electronic records              Mandatory electronic records
Comparative effectiveness                   Comparative effectiveness
End of life program                              End of life program
Medical homes                                     Medical homes

Read more on Newsmax.com: Romneycare and Obamacare Are Identical

Steven Tucker from the Chicago TEA Party comments:

I challenge ANY ONE to find the difference between the two – http://familiesusa2.org/assets/pdfs/Elections-2012/RomneyCare-ObamaCare.pdf

Another Green Energy Stimulus Recipient Hits the Skids (the third this week!)

With so many of thee green energy boondoggles it looks like this: Obama gives big taxpayer money to a fund raiser who is an owner in a “green energy company”. Said owners pay themselves in a big way, give big money to Democrats and go out of business.

Via GlobalWarming.org:

Earlier this week, Stimulus beneficiary Evergreen Energy bit the dust. Then, Ener1, a manufacturer of batteries for electric vehicles and recipient of Stimulus largesse, filed for bankruptcy. And today, the Las Vegas Sun reports that Amonix, Inc., a manufacturer of solar panels that received $5.9 million from the Porkulus, will cut two-thirds of its workforce, about 200 employees, only seven months after opening a factory in Nevada.

I foresaw this spate of bad news last November. As I explained yesterday,

In a previous post, I compared renewable energy spending in the 2009 Stimulus to a green albatross burdening the President. I argued that Stimulus spending was inherently wasteful, because politics invariably corrupts government’s investment decisions. The result is taxpayers losses on bankrupt companies that existed only by the grace of political favoritism, a la Solyndra. I predicted the green stimulus would haunt the President, in the form of a slow drip public relations nightmare, as a litany of bad investments go belly-up in the run up to the 2012 elections.

GlobalWarming.org is a nice site. I suggest that our readers add it to their reading lists.

Democrats Face Another Financial Scandal: MF Global client money feared gone

CEO of Thomas Capital Management and Political Arena contributor Thomas J. Zaleski comments:

WHERE are the Democrats blood curdling screams of corporate raiders, banksters, greed, etc? Oh, Democrats love [former New Jersey Governor] Corzine! And it’s Bush’s fault?

Imagine a CPA NOT being able to find ONE POINT TWO BILLION? Must be a drunk CPA. James R. Spear, CPA Diplomat Forensic Accounting could find the money in days.

 

Watch this video and keep in mind that New Jersey fired Gov. Corzine because he put the state on the brink of default, now Gov. Chris Christie is cleaning up the mess:

Wall Street Journal/NY Post:

MF Global client money feared gone

Nearly three months after MF Global Holdings collapsed, officials hunting for an estimated $1.2 billion in missing customer money increasingly believe that much of it might never be recovered, according to people familiar with the investigation.

As the sprawling probe that includes regulators, criminal and congressional investigators, and court-appointed trustees grinds on, the findings so far suggest that a “significant amount” of the money could have “vaporized” as a result of chaotic trading at MF Global during the week before the company’s Oct. 31 bankruptcy filing, a person close to the investigation was cited as saying Monday.

Many officials now believe certain employees at MF Global dipped into the “customer segregated account” that the New York company was supposed to keep separate from its own assets — and then used the money to meet demands for more collateral or to unfreeze assets at banks and other counterparties as they grew more concerned about their financial exposure to MF Global.

Lawmakers have pushed for answers from Jon S. Corzine, the former New Jersey governor and Goldman Sachs Group chairman who led MF Global into its big European bet and was CEO when the company failed.

[But I thought it was those rascally Republicans who owned Wall Street and Goldman Sachs…. – Editor]

Read more HERE.

If George Soros is so into promoting socialism, why does he go to such lengths to enrich himself often at the expense of others?

I was asked the question in the title so I thought I would provide a short answer with some supporting evidence.

Socialists like Soros are not truly into socialism, they are into control. Envy is the tool and socialism is the vehicle that he and people like him use.

There are essentially three kinds of socialists:

The Control Freak: We are the ruling elite and are born to rule. Follow me and stay out of my way or else…

The Utopian: The Utopian wants to create a perfect society which is impossible. The more they tighten their grip the more slips through their fingers. When Utopians come into power they often lose that naivete and become control freaks.

The Sucker: Those who have swallowed the envy narrative. They see someone else get taxed or punished who has more and that makes them feel better in spite of the fact that they are not better off for it and are in fact, worse off. Why? Because envy corrupts the spirit and the thought process. There are 37% fewer millionaires in the country now than when Obama got elected. If this is all about redistribution of wealth let me ask you –  how much of that money did you get?

Obama while giving a speech to Google blasted the Chamber of Commerce for opposing a raise in the top marginal tax rate to 39.9% because millionaires and billionaires weren’t paying their fair share.

Google paid 2.4% federal tax on 3.1 billion in income. Google doesn’t pay the top marginal rate – small to medium sized businesses called “S-Corps” do.

Google pays the corporate rate and has the influence to get favors in the 60,000 page tax code. Google also makes money overseas and chooses not to repatriate the profits.

Raising the top marginal tax rate doesn’t effect millionaires and billionaires because by and large they do not pay that tax, but small businesses would get soaked. Google and GE pay next to nothing and small to medium domestic business pays 39.9% (albeit with some deductions). This is how President Obama and the leadership of his party define fairness. Now you have just figured out why the largest Wall Street outfits and many other mega-corporations donate to Democrats in such numbers over Republicans.

Hence Norton’s First Law: Big Business loves big government because big government taxes and regulates the small and medium sized domestic competition out of the competition.

The taxes Democrats propose to “soak the rich” always seem to miss those who they demagogue for not paying their fair share. They have been “soaking the rich” for decades and keep missing the target. Why? – LINK

Related:

George Soros and Warren Buffet benefited from Obama Keystone Pipeline Veto – LINK.

Don’t forget George Soros – LINK.

Political Arena George Soros Coverage – LINK.

Black Obama Voter to Limbaugh: Will Vote Republican for the First Time Over Keystone

Obama’s veto of the Keystone oil deal with Canada is beyond stupid. It is instant jobs, instant oil from a friendly country in a strategically sound place. There is no sane reason to oppose it.

This is a great call into Rush today from a self-identified black man named Dennis who has finally abandoned not only his support for Obama but says he is considering dropping his support for the Democrat party too. And his tipping point was Obama’s pandering to environmentalists in rejecting the Keystone Pipeline.

Here’s the full call – VIDEO.

16 Scientists: No compelling scientific argument for drastic action to ‘decarbonize’ the world’s economy.

16 Scientists:

A candidate for public office in any contemporary democracy may have to consider what, if anything, to do about “global warming.” Candidates should understand that the oft-repeated claim that nearly all scientists demand that something dramatic be done to stop global warming is not true. In fact, a large and growing number of distinguished scientists and engineers do not agree that drastic actions on global warming are needed.

In September, Nobel Prize-winning physicist Ivar Giaever, a supporter of President Obama in the last election, publicly resigned from the American Physical Society (APS) with a letter that begins: “I did not renew [my membership] because I cannot live with the [APS policy] statement: ‘The evidence is incontrovertible: Global warming is occurring. If no mitigating actions are taken, significant disruptions in the Earth’s physical and ecological systems, social systems, security and human health are likely to occur. We must reduce emissions of greenhouse gases beginning now.’ In the APS it is OK to discuss whether the mass of the proton changes over time and how a multi-universe behaves, but the evidence of global warming is incontrovertible?”

In spite of a multidecade international campaign to enforce the message that increasing amounts of the “pollutant” carbon dioxide will destroy civilization, large numbers of scientists, many very prominent, share the opinions of Dr. Giaever. And the number of scientific “heretics” is growing with each passing year. The reason is a collection of stubborn scientific facts.

Perhaps the most inconvenient fact is the lack of global warming for well over 10 years now. This is known to the warming establishment, as one can see from the 2009 “Climategate” email of climate scientist Kevin Trenberth: “The fact is that we can’t account for the lack of warming at the moment and it is a travesty that we can’t.” But the warming is only missing if one believes computer models where so-called feedbacks involving water vapor and clouds greatly amplify the small effect of CO2.The lack of warming for more than a decade—indeed, the smaller-than-predicted warming over the 22 years since the U.N.’s Intergovernmental Panel on Climate Change (IPCC) began issuing projections—suggests that computer models have greatly exaggerated how much warming additional CO2 can cause. Faced with this embarrassment, those promoting alarm have shifted their drumbeat from warming to weather extremes, to enable anything unusual that happens in our chaotic climate to be ascribed to CO2.

The fact is that CO2 is not a pollutant. CO2 is a colorless and odorless gas, exhaled at high concentrations by each of us, and a key component of the biosphere’s life cycle. Plants do so much better with more CO2 that greenhouse operators often increase the CO2 concentrations by factors of three or four to get better growth. This is no surprise since plants and animals evolved when CO2 concentrations were about 10 times larger than they are today. Better plant varieties, chemical fertilizers and agricultural management contributed to the great increase in agricultural yields of the past century, but part of the increase almost certainly came from additional CO2 in the atmosphere.

Although the number of publicly dissenting scientists is growing, many young scientists furtively say that while they also have serious doubts about the global-warming message, they are afraid to speak up for fear of not being promoted—or worse. They have good reason to worry. In 2003, Dr. Chris de Freitas, the editor of the journal Climate Research, dared to publish a peer-reviewed article with the politically incorrect (but factually correct) conclusion that the recent warming is not unusual in the context of climate changes over the past thousand years. The international warming establishment quickly mounted a determined campaign to have Dr. de Freitas removed from his editorial job and fired from his university position. Fortunately, Dr. de Freitas was able to keep his university job.

This is not the way science is supposed to work, but we have seen it before—for example, in the frightening period when Trofim Lysenko hijacked biology in the Soviet Union. Soviet biologists who revealed that they believed in genes, which Lysenko maintained were a bourgeois fiction, were fired from their jobs. Many were sent to the gulag and some were condemned to death.

Why is there so much passion about global warming, and why has the issue become so vexing that the American Physical Society, from which Dr. Giaever resigned a few months ago, refused the seemingly reasonable request by many of its members to remove the word “incontrovertible” from its description of a scientific issue? There are several reasons, but a good place to start is the old question “cui bono?” Or the modern update, “Follow the money.”

Alarmism over climate is of great benefit to many, providing government funding for academic research and a reason for government bureaucracies to grow. Alarmism also offers an excuse for governments to raise taxes, taxpayer-funded subsidies for businesses that understand how to work the political system, and a lure for big donations to charitable foundations promising to save the planet. Lysenko and his team lived very well, and they fiercely defended their dogma and the privileges it brought them.

Speaking for many scientists and engineers who have looked carefully and independently at the science of climate, we have a message to any candidate for public office: There is no compelling scientific argument for drastic action to “decarbonize” the world’s economy. Even if one accepts the inflated climate forecasts of the IPCC, aggressive greenhouse-gas control policies are not justified economically.

A recent study of a wide variety of policy options by Yale economist William Nordhaus showed that nearly the highest benefit-to-cost ratio is achieved for a policy that allows 50 more years of economic growth unimpeded by greenhouse gas controls. This would be especially beneficial to the less-developed parts of the world that would like to share some of the same advantages of material well-being, health and life expectancy that the fully developed parts of the world enjoy now. Many other policy responses would have a negative return on investment. And it is likely that more CO2 and the modest warming that may come with it will be an overall benefit to the planet.

If elected officials feel compelled to “do something” about climate, we recommend supporting the excellent scientists who are increasing our understanding of climate with well-designed instruments on satellites, in the oceans and on land, and in the analysis of observational data. The better we understand climate, the better we can cope with its ever-changing nature, which has complicated human life throughout history. However, much of the huge private and government investment in climate is badly in need of critical review.

Every candidate should support rational measures to protect and improve our environment, but it makes no sense at all to back expensive programs that divert resources from real needs and are based on alarming but untenable claims of “incontrovertible” evidence.

Claude Allegre, former director of the Institute for the Study of the Earth, University of Paris;

J. Scott Armstrong, cofounder of the Journal of Forecasting and the International Journal of Forecasting;

Jan Breslow, head of the Laboratory of Biochemical Genetics and Metabolism, Rockefeller University;

Roger Cohen, fellow, American Physical Society;

Edward David, member, National Academy of Engineering and National Academy of Sciences;

William Happer, professor of physics, Princeton;

Michael Kelly, professor of technology, University of Cambridge, U.K.;

William Kininmonth, former head of climate research at the Australian Bureau of Meteorology;

Richard Lindzen, professor of atmospheric sciences, MIT; 

James McGrath, professor of chemistry, Virginia Technical University;

Rodney Nichols, former president and CEO of the New York Academy of Sciences;

Burt Rutan, aerospace engineer, designer of Voyager and SpaceShipOne;

Harrison H. Schmitt, Apollo 17 astronaut and former U.S. senator;

Nir Shaviv, professor of astrophysics, Hebrew University, Jerusalem;

Henk Tennekes, former director, Royal Dutch Meteorological Service;

Antonio Zichichi, president of the World Federation of Scientists, Geneva.

 

Evidence that Romney Lied about Newt Lobbying Freddie Mac

PROOF that Mitt Romney lied about Newt Gingrich and Freddie Mac (Hat Tip Steven Tucker)

1.) READ this NY Times article from 2008 where Newt was working the House to oppose Freddie Mac/Fannie Mae’s interests: http://nyti.ms/wWcrUy 

2.) WATCH this video from 2008:  http://youtu.be/-uCRKm28cWw 

3.) READ – http://bit.ly/zlQSlr

4.) READ this article in the Washington Post where former Congressman J.C. Watts, who was the head of the Freddie mac watch group in the House, said that Newt never tried to influence on Freddie Mac while Watts was in the House.

Real GDP Tanked at 1.7%. Food Stamps and Welfare at Record Levels

Business Insider:

1.7%. That’s the final, pathetic growth number for 2011.

From the just-released GDP report:

Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.

The increase in real GDP in 2011 primarily reflected positive contributions from personal consumption expenditures (PCE), exports, and nonresidential fixed investment that were partly offset by negative contributions from state and local government spending, private inventory investment, and federal government spending.  Imports, which are a subtraction in the calculation of GDP, increased.

 

Business Insider:

Direct payments. The amount of money the federal government hands out in direct payments to individuals steadily increased over the past four decades, but shot up under Obama, climbing by almost $600 billion — a 32% increase — in his first three years. And Obama’s last budget called for these payments to climb another $500 billion by 2016, at which point they would account for fully two-thirds of all federal spending.

People getting benefits. According to the Census Bureau 49% now live in homes where at least one person gets a federal benefit — Social Security, workers comp, unemployment, subsidized housing, and the like. That’s up from 44% the year before Obama took office, and way up from 1983, when fewer than a third were government beneficiaries.

Food stamps. This year, more than 46 million (15% of all Americans) will get food stamps. That’s 45% higher than when Obama took office, and twice as high as the average for the previous 40 years. This surge was driven in part by the recession, but also because Obama boosted the benefit amount as part of his stimulus plan.

Disability. The number of people on Social Security disability has steadily climbed since the 1970s, thanks mainly to easier eligibility rules. But their numbers jumped 10% in Obama’s first two years in office, according to the Social Security Administration. That sharp rise was due largely to meager job prospects since the recession ended in 2009. When employment opportunities are scarce, experts note, many who could otherwise work sign up for disability benefits instead.

 

Mark Levin Teams Up With Reagan Admin’s Jeffrey Lord In Defense Of Newt Gingrich

Note both Mark Levin and Jeffery Lord worked in the Ronald Reagan Administration. This video is a MUST see. 

Mini-UPDATE

Chuck DeVore:

Very disappointed in Elliott Abrams’ unjust smear of Newt Gingrich, claiming that he was somehow opposed to Reagan in a 1986 floor speech. In 1986 I was a Reagan White House appointee in the Pentagon where I worked as a Congressional liaison in the area of defense and foreign policy. I knew Gingrich then as an ally of Reagan, not an opponent or a squishy Republican.

 

Reagan Administration Official Jeffery Lord:

Newt Gingrich was at one with Ronald Reagan on values. I never heard Elliot Abrahms say the things he said about Newt – ever.

I find what Mitt and his surrogates are doing disturbing……

Mrs. Reagan and Michael Reagan insist that Newt was with Reagan the whole time. Rush Limbaugh says that he Remembers Newt Gingrich doing special orders in the House Well proclaiming Reaganism.

Jeffery Lord in American Spectator:

Elliott Abrams Caught Misleading on Newt

In fact, I’m sorry to say, what appears to be going on here is that Elliott Abrams, a considerably admirable public servant and a very smart guy, has been swept up in the GOP Establishment’s Romney frothings over the rise of Newt Gingrich in the Republican primaries. He is even being accused of trolling for a job in a Romney administration. No way!!!! Really????

What else can possibly explain a piece like the one Abrams penned on a day when Gingrich was being of a mysterious sudden targeted in one hit piece after another for his ties to Reagan? The pieces invariably following the Romney line that Newt had some version of nothing to do with Reagan.

A piece like the one Abrams wrote depends for its success in garnering headlines — which it did — by assuming no one will bother to get into the weeds and do the homework. Usually a safe assumption when dealing with the mainstream media, particularly a mainstream media that, as one with Establishment Republicans, hates Newt Gingrich.

Not so fast.

Due to the diligence of one Chris Scheve of a group called Aqua Terra Strategies in Washington, Mr. Abrams has been caught red-handed in lending himself to this attempted Romney hit job.

Read the rest HERE.