FIAF – Resist WE Much, edition
It’s time to elect our second black president.
A significant part of Mr. Obama’s appeal in 2008 was the color of his skin. Supporters were willing to overlook his lack of executive experience and any number of other significant shortcomings in order to elect the first black president. The 2012 contest will tell us whether the country is done patting itself on the back. Let’s hope so, because the Obama presidency to date is nothing if not a harsh lesson in the perils of identity politics.
It’s difficult to tell whether Mr. Obama still represents redemption, but he does represent high unemployment, stagnant economic growth and a frightening commitment to wealth redistribution. In 2008, the country elected a symbol and thought he would suffice as a leader. If Mr. Cain should somehow wind up with the Republican presidential nomination, there would be no such tradeoffs.
But Obama doesn’t want to give up Air Force One, so he’s pretending he has this “bill” that’s going to save our economy. And, if we don’t PASS THIS BILL NOW he’s just not going to be responsible for the state of affairs. Yesterday, in the East Room:
If it turns out that there are Republicans who are opposed to this bill, they need to explain to me, but more importantly to their constituencies and the American people, why they’re opposed and what would they do.
And if Mr. McConnell chooses to vote against it or if members of his caucus choose to vote against it, I promise you, we’re going to keep on going and we will put forward maybe piece by piece each component of the bill, and each time they’re going to have to explain why it is that they’d be opposed to putting teachers back in the classroom or rebuilding our schools, or giving tax cuts to middle- class folks and giving tax cuts to small businesses.
Yea, that’s what we’re opposed to. @@
Republicans surely have their own political motives, but in fact they’ve promised to run parts of Obama’s agenda through the House. But they genuinely don’t believe that raising taxes to pay for all this is going to help the economy, and there are a lot of economists who back them up. What’s more, many Senate Democrats also oppose Obama’s plan.
The tax cuts included in Obama’s American Jobs Act, which he said Republicans should be to die for, are temporary, while the millionaires’ tax to be assessed to pay for it all in the Senate version of the bill – which Obama has accepted – lasts for ten years. Many think temporary measures have little positive effect because when they’re done, you’re right back where you were. You can’t plan for the future. Credits for business to hire, for example, run out and then the business is stuck paying an employee’s full salary.
Not to mention, it does not good to hire folks you don’t need. Businesses, to survive today, need to run lean and mean. They CAN’T hire anyone. It’s not uncommon for an owner to forgo a paycheck – that’s what owners often do to keep their companies alive.
The AP fact checks Obama’s claims. Summary? Oops. Read it all, but here’s a sampling
OBAMA: “We can either keep taxes exactly as they are for millionaires and billionaires, with loopholes that lead them to have lower tax rates, in some cases, than plumbers and teachers, or we can put teachers and construction workers and veterans back on the job.”
THE FACTS: True, “in some cases” wealthy people can exploit loopholes to make their tax rate lower than for people of middle or low income. In recent rhetoric, Obama had suggested it was commonplace for rich people to pay lower rates than others, a claim not supported by IRS statistics. But on Thursday, Obama accurately stated that it only happens sometimes.
In 2009, 1,470 households filed tax returns with incomes above $1 million yet paid no federal income tax, according to the IRS. Yet that was less than 1 percent of returns with incomes above $1 million. On average, taxpayers who made $1 million or more paid 24.4 percent of their income in federal income taxes; those making $100,000 to $125,000 paid 9.9 percent; those making $50,000 to $60,000 paid 6.3 percent. The White House argues that when payroll taxes — paid only on the first $106,800 of wages — are factored in, more middle class workers wind up with a higher tax rate than millionaires.
Who’s gonna fall for this bogus jobs bill bs? Hopefully some of these folks.
President Barack Obama, who has been sharpening his tone in recent weeks, endorsed at a news conference Thursday Senate Democrats’ plan for a 5.6% surtax on annual incomes of more than $1 million, pushed for the implementation of beefed-up financial regulations and criticized new bank fees.
Asked about the demonstrations that have spread to cities across the U.S., Mr. Obama empathized with protesters’ frustrations without embracing the movement: “The American people understand that not everybody has been following the rules; that Wall Street is an example of that.”
But … careful … This doesn’t sound like that new tone we were promised – Time to kill the wealthy.
“It’s time to tax the millionaires!” reads the email, according to WTEN in Albany. “If you don’t, I’m going to pay a visit with my carbine to one of those tech companies you are so proud of and shoot every spoiled Ivy League [expletive] I can find.”
“How hard is it for us to stake out one of the obvious access roads to some tech company, tail an employee home and toss a liquor bottle full of flaming gasoline through their nice picture window into their cute house,” wrote the author of the email.
The email references terminology that has been used in the “Occupy Wall Street” movement — that the1 percent, the super rich, are exploiting the remaining 99 percent of Americans. The angry message demanded that Albany politicians “stop shoveling wealth from the lower 99 percent into the top 1 percent” and “set aside your ‘no new taxes on anybody’ pledge.”
Well, it’s not as if they drew a map with bullseyes on areas they wanted to target their attention. *shudder*