Archive | November 2012

French Socialist in Mittal Row: We’re Just Doing What Obama Does

Hey Frenchy… he’s a Marxist not a socialist.  Get it right..

The French politician who said Indian steel company ArcelorMittal should leave the country has told CNBC that his government is only acting like U.S. President Barack Obama.

Industry Minister Arnaud Montebourg, a member of the governing Socialist party, caused controversy last week when he said that the Indian company, which employs close to 20,000 people in France, should leave after it said it would have to close down a factory.

The French government announced on Thursday that it could nationalize the factory in question, with backing from an unnamed businessman.

The news raised the specter of the nationalizations of the early 1980s, which were instigated by Hollande’s predecessor Francois Mitterrand.

Montebourg told CNBC after a meeting with trade unions in Paris: “Barack Obama’s nationalized. The Germans are nationalizing. All countries are nationalizing. I’ve also noticed the British nationalized 6 banks.”



Obama’s Tax the Rich plan would fund Government for 8 days.

This is the estimated federal spending for 2012 (can’t call it a budget, the Senate hasn’t passed one in over 3 years)


Trillion has a lot of zeros.  Divide that by 365 days and the cost of running your US Government EVERY day is:


The Federal Government chews up $10.4 Billion dollars per day! 365 days per year!

Obama wants you to believe he is serious about our deficits by asking for $80B a year in tax increases on the wealthy.  That would fund the Government for:

8 Days






Obama: The grinch that ruined Christmas

From FoxNews – Obama isn’t seeking compromise.  He is seeking to conquer.  The GOP is arguing with itself and failing, yet again, to make the case to the American people the real problem is Obama and his addiction to spending money our kids and grand kids will be paying back to China.  Obama’s latest tactic, blame the GOP for ruining Christmas.  Wake up people.
While Republicans are talking about how much they should get in return for their concession to the re-elected president, that same president is going public with his answer: Nada.

What Republicans had in mind was doing a big bundle of a deal that would address taxes, spending, entitlements, the soon-to-be-breached debt ceiling and other lingering concerns. They came back to town offering concessions on taxes in hopes of getting the ball rolling on doing the big deal.

But Obama is going the other way, looking to manufacture a real mandate for a top-tier tax increase and to force Republicans to eat it before the end of the year. The president is no doubt already imagining the GOP in chaos as moderate members of the Red Team jump for the tax-hike deal as the clock ticks down.

Vicious Republican primary fights and a splintered GOP House majority are the sugarplums dancing in the heads of Obama and Plouffe this Christmas season.

Having blown up the GOP over the year-end tax hikes, Obama no doubt imagines that he will be able to roll up victories on spending, the rest of the tax code and entitlements, especially the one created by his 2010 health law.

At a moment where the Republicans are trying to hand Obama the gift of a victory on taxes, the president is sending a clear message that he’s not starting the discussion until Republicans give him exactly what he wants on the extension of tax rates.

So much for the new spirit of compromise.

Read more:

The Real Fiscal Cliff is the President’s Budget

His budget.  His spending.  Those are the real Fiscal Cliffs.

His budget, you remember, the one that was defeated 99-0 in the Senate last year.  It didn’t receive a single vote in the House either.  To recap – no elected official cast a vote in favor of the budget Obama now claims he has a mandate to enact.  The one he is using as the starting point for negotiations.  Interesting.  It gets better.  This budget is built on fantasy.

Despite the $800B ‘one time’ stimulus being permanently added to the baseline.  Despite four consecutive years of over $1T annual deficits.  Despite growing our National Debt by $5.5T in 4 short years.  Despite all this, Obama doesn’t think we are spending enough money so his budget, the 99-0 budget, INCREASES spending by over $500B over the next four years.   The US Government spent $2.98T in 2008.  If Obama gets his way the US Government will be spending $4.33T per year when he mercifully leaves office.  That is an increase in spending of $1.35T or almost 50% in just 8 years.   Here is a fun exercise.  On your next budget at work, submit an expense increase of 50% with revenues that not only don’t cover that spending but cause losses equal to 20-30% of annual revenue.  Let me know how that works out for you.  I know how it works out for the United States

When you pile more spending onto $1T annual deficits you get DEBT.  Lots and lots of DEBT.

It is his PLAN to add ANOTHER $2.83T to our NATIONAL DEBT over the next four years.  Full Stop.  His best case scenario, HIS PLAN adds $3T MORE in DEBT.  That plan, the one that was defeated 99-0, assumes he gets all of his tax increases and the economy grows 3-4% over the planning horizon.   Given our sub 2% history and threat of a double dip recession I could call his tax estimates optimistic at best.  This also assumes the Fed can print money forever and that interest rates never go up and that his tax increases and pending regulations do no harm to the economy despite every economic forecast to the contrary.

And all of this is BEFORE assessing the impacts of Obamacare on spending and economic productivity.

Several GOP talking heads are sending signals they are open to tax increases.  $80B a year is baked into that economic mess I just outlined.  Even if he got his tax increases, Obama is PLANNING on INCREASING our debt by another $2.8T.  This isn’t a tax issue.  It is a Capitalism issue.

Not a nickle of new taxes would be applied to reducing our debt.  Every penny would by used to justify increased deficit spending


The current ‘Fiscal Cliff’ debate is a man made event.  It is the result of Republicans agreeing to actions now with the promise the Democrats would apply actions later.  That never happens.  The now always happens and the later never does.  Guess what?  The Democrats are trying the same “I’ll gladly pay you Tuesday for a hamburger today” nonsense again.  And why wouldn’t they.  The GOP has proven it works and rewarded their irresponsible behavior.

I produced the chart below using data from the White House budget available on their website.   Obama’s proposed tax increase trajectory should scare every American irrespective of their tax bracket.   I am also including a primer to help you re-frame the debate with your liberal friends.  STOP using their talking points and verbiage.  Take back the debate:

  • Taxes are not Revenue – they are confiscated funds
  • Letting you KEEP YOUR money is not a cost. 
  • SPENDING your money is a COST.
  • BORROWING, paying interest and spending our children’s money is Generational Theft

Pravda Reports the Communists Won with Obama Re-Election

File this under either “Truth stranger than fiction” or “you can’t make this stuff up” because either work.  When the state controlled news agency from the former USSR does more honest reporting than the US Media you really need to start taking account of yourself.   Worse, they rightfully call the US electorate illiterate for voting for Obama and his policies – the same policies that failed in the Soviet Union.   Think about that.  Pravda, reporting communism got more votes in the US Presidential elections versus the Russian Presidential elections.  I may be sick.

Pravda as reprinted on Human Events:

Putin in 2009 outlined his strategy for economic success. Alas, poor Obama did the opposite but nevertheless was re-elected. Bye, bye Miss American Pie. The Communists have won in America with Obama but failed miserably in Russia with Zyuganov who only received 17% of the vote. Vladimir Putin was re-elected as President keeping the NWO order out of Russia while America continues to repeat the Soviet mistake.

After Obama was elected in his first term as president the then Prime Minister of Russia, Vladimir Putin gave a speech at the World Economic Forum in Davos, Switzerland in January of 2009. Ignored by the West as usual, Putin gave insightful and helpful advice to help the world economy and saying the world should avoid the Soviet mistake.

Recently, Obama has been re-elected for a 2nd term by an illiterate society and he is ready to continue his lies of less taxes while he raises them. He gives speeches of peace and love in the world while he promotes wars as he did in Egypt, Libya and Syria. He plans his next war is with Iran as he fires or demotes his generals who get in the way.

Incompetence is Color Blind

I am sick and tired of the GOP being called racists because we have the temerity to challenge authority.   News Flash: You can be white, black, brown, green, blue, purple, orange, yellow or any other color in the rainbow and be an incompetent.  You can be polka-dotted and be unethical.  You can be a minority and be a racist.

President Obama is the first black President of the United States.  That is truly historic.  It should be a moment of pride for this nation.  Instead, it has become a battering ram for the left.  Any criticism of the President or his administration is met with charges of racism. That’s shameful and I am sick of it.  The left has taken this approach and perverted it to include not only race, but to your economic and religious status as well.  It’s tearing us apart.

President Obama is a terrible president.  He is the least qualified man to ever hold that office because of his lack of any relevant, real world experience.  He assumed the Presidency of the greatest nation in the history of the earth and from day one, has sought to transform that nation into something less. Those facts have nothing to do with the color of his skin.  Nor mine.



Thoughts on the “Fiscal Cliff”

So, Obama’s opening position in ‘negotiations’ with the GOP is by putting forth his budget – the one that was defeated 99-0 in the Senate.  The one controlled by Democrats.  His ask, not the $800B  in tax increases over 10 years that poisoned the last negotiations.  Nope, $1.6T.   On top of Obamacare.  Spending of course grows in this proposal, keeping projected deficits at $1T a year.  Glad to see you’re taking this seriously Mr President.

I’ve been thinking the GOP is in a no win situation here.  You have RINO’s like Bill Kristol running around arguing in favor of tax increases.  Boehner was through two rounds of negotiation before Obama even said a word.  Harry Reid and Pelosi are foaming at the mouth (more so than is normal).

Really, the President could live with Sequestration and many Democrats are arguing he should.  It avoids entitlement reform, increases taxes on the wealthy, brings in a pile of more tax revenue from the middle class that he can blame on the Republicans.   The GOP’s only leverage in the negotiation is the tax cuts for the middle class which the Democrats are on record as willing to let expire if they don’t get everything they want.  And what they want is taxes on small business and those nasty rich people earning $250K a year or more and a blank check to borrow and spend.

An article in today’s Washington Post ( not a misprint, I was shocked myself) painted an alternative view.  What if letting all the Bush tax cuts expire provides the GOP with more leverage.  The author argues the public pressure to reduce taxes will be immense as millions earning  below $250K get hit with AMT.  Welcome to the 1% you Occupy Morons.  And you thought only the wealthy benefited from those evil Bush tax cuts.  Not so, here is what is in store January 1st (again, not including Obamacare):

  • The 10 percent income tax bracket would disappear, so the lowest tax rate would be 15 percent.
  • The employee share of the Social Security payroll tax would rise from 4.2 percent to 6.2 percent.
  • An estimated 33 million taxpayers — many in high-tax blue states — would be required to pay the alternative minimum tax, up from 4 million who owed it in 2011.
  • The child tax credit would be cut in half, from $1,000 today to $500, and would no longer be refundable for most.
  • Tax preferences for alternative fuels, community development and other Democratic priorities would go away.
  • And the expansions of the earned income tax credit and the dependent care credit would disappear as well.

Source:  Washington Post Article linked below

The Democrats could be in full panic mode at that point.  The GOP could actually force the democrats into REVISING the entire tax code to get the concessions they want.    The author makes another interesting point.  This country had their chance to vote for spending constraint and tax reductions.  They opted for more deficit financed, generational wealth stealing spending and tax increases.   Hey, elections have consequences.

I have said it before and I will say it 1,000 times more.  We have a spending problem.  We are defending Capitalism – not taxes breaks.  They are promoting a Marxist dream where the ruling elite govern from on high, regulate your life and redistribute the country’s wealth.  In the process, they destroy wealth and liberty.  As Thomas Jefferson warned:

The natural progress of things is for liberty to yeild, and government to gain ground.”  or said differently:

“A government big enough to give you everything you need, is a government big enough to take away everything that you have….”

A few paragraphs below.  Click through and read the article.  Thought provoking:


Going over the fiscal cliff would help the GOP in another way: It would save Republicans from having to break their pledge not to raise taxes. If GOP leaders hold the line on taxes this fall, and the Bush tax cuts expire despite their best efforts, it would not harm their reputation as the party of low taxes. But if Republicans vote proactively to raise taxes as part of a “grand bargain,” the GOP brand would be irreparably damaged. Raising taxes and losing a fight to stop automatic tax increases are two different things.

Moreover, if the Bush tax cuts expire, the baseline for future negotiations would be reset. A bipartisan agreement would be within reach that reforms and simplifies the tax code, with a top rate lower than the Clinton rate but higher than the Bush one. Instead of Republicans being under pressure to raise taxes, Obama and the Democrats would be under pressure to reduce the top rate from the Clinton level as part of an eventual deal…

…At least going back to the Clinton rates would put more people on the tax rolls, and give more Americans a stake in constraining government spending. It would also force all Americans — including the middle class — to pay for growing government services, instead of borrowing the money from China and passing the costs on to the next generation.

Americans had a choice this November, and they voted for bigger government. Rather shielding voters from the consequences of their decisions, let them pay for it.