American capitalism gone with a whimper – Pravda.Ru.
Don’t miss the second page, you have to click the “2” at the bottom.
Obama Socialism
Americans’ Tax Burden Near Historic Low – washingtonpost.com
Overlooked was one big drawback for the nation’s finances: More people are likely to pay no income taxes at all.
According to the most recent IRS statistics, about 45 million households — a third of all filers — owed no federal income tax after taking their credits and deductions in 2006. This year, with the profusion of new credits in the stimulus package, about 65 million households — or 43 percent of all filers — are likely to owe no income taxes, according to a new analysis by the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution.
via Americans’ Tax Burden Near Historic Low – washingtonpost.com.
PETER FERRARA: Obama Is So Clueless About Federal Taxes « FOX Forum « FOXNews.com
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
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
Barack Obama Maintains Control Over Banks By Refusing to Accept Repayment of TARP Money – WSJ.com
George F. Will – The Toxic Assets We Elected
George F. Will – The Toxic Assets We Elected.
“The Obama administration yesterday invited private-sector investors to become business partners with the capricious and increasingly anti-constitutional government.”
Another better than socialism: $1 Million to over 50s
From an email floating around…
Dear Mr. President,
There are about 40 million people over 50 in the work force. Pay each of them $1 million severance, with the following stipulations:
1) They must leave their jobs. Forty million job openings – Unemployment fixed.
2) They must buy NEW American cars. Forty million cars ordered – Auto Industry fixed.
3) They must either buy a house/pay off their mortgage – Housing Crisis fixed.It seems to me that it can’t get any easier than that!
Do you want me to run it across your teleprompter?
Treasury Unveils Toxic-Asset Plan, Citing ‘Acute Pressure’ on Banks – WSJ.com
Treasury Unveils Toxic-Asset Plan, Citing ‘Acute Pressure’ on Banks – WSJ.com.
Private everything was the solution from the beginning, but Democrats who envision the country sucking from the government breast can’t wrap their head around capitalism and free market economics. Marx didn’t preach about those.
You gotta laugh at Obama and Geithner…
Tickler (laughing): “I’m reading this article where Obama compared Geithner to Alexander Hamilton.”
Tickler’s Wife: “What do you expect from a guy who compares himself to Lincoln.”
Obama’s making this easy. He’s completely incompetent and is literally destroying our economy, but he’s not even clever and clandestine enough to hide it. So we find but small solace in the obviousness of his idiocy.
Fox: ACORN to Participate in Census, No Seriously
Unbelievable. Obama has no shame, nor does the Census Bureau. Write, call, post, to let it be known this can’t go on. They defrauded the American public by registering thousands of dead or duplicate people on the Democrats ticket. Yes, only one sided as they have been proven repeatedly to be. See my many posts last year on the subject for background. What do you get when you employ a bunch of people who themselves desperately want to keep the hand-outs coming to do political ground work? ACORN.
I feel a coining coming on. I think a clearer outlining of ACORN’s mission could best be defined by a renaming… to The Association to Coordinate Obama Redistricting via NecromancyTM. Just remember you heard it here first.
An article on FoxNews.com outlines the threat and utter incredibility of the concept.
ACORN to Play Role in 2010 Census
The U.S. Census is supposed to be free of politics, but one group with a history of voter fraud, ACORN, is participating in next year’s count, raising concerns about the politicization of the decennial survey.
The Association of Community Organizations for Reform Now signed on as a national partner with the U.S. Census Bureau in February 2009 to assist with the recruitment of the 1.4 million temporary workers needed to go door-to-door to count every person in the United States — currently believed to be more than 306 million people.
A U.S. Census “sell sheet,” an advertisement used to recruit national partners, says partnerships with groups like ACORN “play an important role in making the 2010 Census successful,” including by “help[ing] recruit census workers.”
…
But ACORN’s partnership with the 2010 Census is worrisome to lawmakers who say past allegations of fraud should raise concerns about the organization.
“It’s a concern, especially when you look at all the different charges of voter fraud. And it’s not just the lawmakers’ concern. It should be the concern of every citizen in the country,” Rep. Lynn A. Westmoreland, R-Ga., vice ranking member of the subcommittee for the U.S. Census, told FOXNews.com. “We want an enumeration. We don’t want to have any false numbers.”
ACORN, which claims to be a non-partisan grassroots community organization of low- and moderate-income people, came under fire in 2007 when Washington State filed felony charges against several paid ACORN employees and supervisors for more than 1,700 fraudulent voter registrations. In March 2008, an ACORN worker in Pennsylvania was sentenced for making 29 phony voter registration forms. The group’s activities were frequently questioned in the 2008 presidential election.
…The census is an official count of the country’s population mandated by the U.S. Constitution. It is used to determine distribution of taxpayer money through grants and appropriations and the apportionment of the 435 seats in the House of Representatives. Every U.S. household unit, including those occupied by non-citizens and illegal immigrants, must be counted.
Which is why ACORN wants to be involved since nearly all of their employees not only have, but ARE horses in the race.
Westmoreland and Rep. Jason Chaffetz, R-Utah, a member of the House census subcommittee, said the panel has held hearings to make sure the penalties for census takers committing fraud are clearly defined.
“I feel fairly confident that the penalties for an individual manipulating the count are pretty severe,” Chaffetz said. The penalty for any fraudulent activity can be up to five years in jail.
Westmoreland said he hopes the Census Bureau will maintain its measures to ensure an accurate report.
“I feel comfortable right now with the people at the census department that they’re going to put forth their best effort to have a fair count,” he said.
The U.S. Census Bureau has refuted any suggestions that ACORN or any other groups will fraudulently and unduly influence the results of the census.
“The Census (Bureau) is a nonpartisan, non-political agency and we’re very dedicated to an accurate account,” bureau spokesman Stephen Buckner told FOXNews.com. “We have a lot of quality controls in place to keep any kind of systemic error or fraudulent behavior to affect the counts.”
We’ll see. They said that about Obama’s fraudulent state senate race and others. From where I sit, anyone who is or knows anyone who is on the dole must be disallowed from being any part of the count.