Domestic Policy

PETER FERRARA: Obama Is So Clueless About Federal Taxes « FOX Forum « FOXNews.com

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Before Obama became president, the top 1% of income earners already paid 40% of the total federal income taxes. The top 5% of the population the president is targeting for tax hikes already paid 60% of federal income taxes.

By contrast, the bottom 40% of income earners, who lefties like Obama often refer to as “working people” or the “working class,” as a group already paid no income taxes. Instead, they received net payments from the tax system equal to 3.8% of total income taxes. In other words, the bottom 40% paid negative 3.8% of total federal income taxes.

In addition, the middle 20% of income earners, the actual middle class, paid just 4.7% of total federal income taxes, before Obama even won the election.

via PETER FERRARA: Obama Is So Clueless About Federal Taxes « FOX Forum « FOXNews.com.

TheHill.com – A crisis Obama won’t waste

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This economic crisis is too useful for Obama to want it to end. When Rahm Emanuel — and later Hillary Clinton — spoke of never letting a good crisis “go to waste,” many people were shocked. But now Obama seems to embody the corollary: that the crisis should continue until he has thoroughly milked it to reshape American politics, society and the economy. Like Faust, he seems to wish that this “given moment” will “endure forever.” Unlike Faust, however, he will not lose his “life and soul” to such a wish. He’ll sacrifice ours instead.

…read the rest at the link below

TheHill.com – A crisis Obama won’t waste.

Mary O’Grady Says Latin America Needs Economic Liberalization and Property Rights, Not Foreign Aid – WSJ.com

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Exactly! I am so tired of these bureaucrats who perpetuate poverty, not cure it, because it gives them a job.

Mary O’Grady Says Latin America Needs Economic Liberalization and Property Rights, Not Foreign Aid – WSJ.com.

FOXNews.com – Exclusive: Frank Talk from Barney’s Foe – Greta Van Susteren | On The Record With Greta

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This is a great interview with the Harvard law student who dared ask Barney Frank how he might be responsible for the Fannie/Freddie fiasco.

FOXNews.com – Exclusive: Frank Talk from Barney’s Foe – Greta Van Susteren | On The Record With Greta.

AP Newsbreak: Obama looks at climate engineering

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Yea, because the fact that the earth has actually been in a cooling trend over the last 10 years shows just how urgently we need to act to curb this dangerous threat to human existence!!!! How foolish all of these morons will look to future generations – akin to the medieval world being convinced the world was flat.

AP Newsbreak: Obama looks at climate engineering.

MIchele Bachmann: ‘Cap and trade’? More like ‘tax and spend’

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MIchele Bachmann: ‘Cap and trade’? More like ‘tax and spend’.

Incredible the sludge the left and oblivious apolitical will swallow in the name of global warming hysteria. I’d say “climate change” (which is and of itself is like saying “soft softness”) but that term is the out many fools on the dirt-worshipping left are using as an escape crutch from the obvious erroneous and embarrassing call on this and last decade’s “Global Warming”.