Posts Tagged ‘Taxmageddon’

What I’d Do To Resolve Stalemate Between Republicans And Democrats On Taxes Targeting The Rich

November 16, 2012

We seem to be in a real fix.  Obama won reelection and seems to think he had a mandate.  In reality, Obama is the first president in American history who got reelected with a SMALLER percentage of the vote and electoral college majority than he did in 2008.  Very much like hated Republican boogeymen such as Ronald Reagan and George W. Bush, who were both reelected with larger majorities than they first got into office with.

And yes, the same electorate that gave Obama a “mandate” also reelected an overwhelmingly Republican House of Representatives and gave THEM a mandate.  If Obama has a damn mandate, then the Republican House has every damn much as big of a mandate as Obama has.

For the record, if you want to see what an actual “mandate” really looks like, click here.  Because Ronald Reagan had a mandate.

That versus Obama’s “food stamp mandate” is all you should need to know which side has had a plan to truly build an America that can increase in size and power and which side has a plan to bring America to its knees and ultimately to extinction via unsustainable welfare spending to buy off voters as jobs are destroyed.

So if Obama wants, he can have a pissing contest and insist that Republicans betray their most deeply held convictions about what creates job growth and what STYMIES job growth.  And the only people who will lose are the American people.

The simple, repeatedly historically-proven fact is this: Tax Cuts Increase Revenues; They Have ALWAYS Increased Revenues.  It is a simple fact of history that when Calvin Coolidge cut the income tax rates, we got an economic boom and increased our tax revenue by increasing economic growth.  When John F. Kennedy cut the tax rates, voilà, we got more revenue.  When Ronald Regan cut the income tax rates, we got a twenty-year trajectory of economic growth.  And yes, when George W. Bush cut the tax rates, guess what?  We got significantly higher tax revenues than we had had before Bush cut taxes.  And to this day the highest year of tax revenues was NOT in the early 1960s when the top marginal rate was 92% and we had a godawful tax revenue problem, but in 2007 under George W. Bush.

Bill Clinton increased taxes in 1993.  And the economy responded with such weakness that the American people decided to elect the largest Republican majorities that took over both the House AND the Senate in history just to show you how well the Clinton tax hike worked.  Do you want to know when Clinton got real economic growth?  After the Republicans were elected, after Clinton said “The era of big government is over” and after he signed the Republican-originated and Republican-passed Taxpayer Relief Act in 1997 which massively cut the capital gains tax rate.

Obama simply does not have the instinct to compromise that Bill Clinton did.  Which is why we have this exchange with ABC anchor Charles Gibson:

MR. GIBSON: You have however said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, “I certainly would not go above what existed under Bill Clinton, which was 28 percent.”

It’s now 15 percent. That’s almost a doubling if you went to 28 percent. But actually Bill Clinton in 1997 signed legislation that dropped the capital gains tax to 20 percent.

SENATOR OBAMA: Right.

MR. GIBSON: And George Bush has taken it down to 15 percent.

SENATOR OBAMA: Right.

MR. GIBSON: And in each instance, when the rate dropped, revenues from the tax increased. The government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?

SENATOR OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.

In that exchange, Obama officially admitted, “I will not collect as much revenue by attacking the rich.  But I don’t care.”

Obama wants to target the rich, demagogue them, punish them, gin up the kind of class warfare rage that Karl Marx ginned up in his day.  And we just saw, as morally depraved as it is, it’s apparently goooood politics with an amoral American people.  The problem is that what will happen if Obama gets his way is that we’ll see LESS revenue, NOT more.  The rich will increase their rate of withdrawing money from the economy, from investment and from job creation, and instead shelter it and spend it on tax attorneys to keep as much of their money as they can.  We’ve seen this over and over again.

If you actually wanted more tax revenue, i.e., money that could actually help the poor, the smartest thing you could do would be to cut the tax rates and allow investment and business growth to increase the size of the economy and the tax base.  And the very stupidest thing you can do would be to listen to Obama.

Well, the American people are stuck on stupid.  And here’s the fix the Republicans are in: Obama will keep demagoguing and claiming that the answers to America’s prosperity are found in Marxist class warfare.  The implicit message is that the communists got it right; and the means to prosperity is to seize the wealth and redistribute it.  I mean, you can take out the words like “socialist” and “Marxist” and “communist,” but what you can’t do is describe what Obama wants to do and not realize that it’s fundamentally Marxist in approach.  Both want to seize the wealth and redistribute that wealth.  Period.  And so if the Republicans don’t give Obama his tax attack on the rich, we’ll go off the fiscal cliff and Obama – even though the fiscal cliff was HIS idea – will blame the Republicans for it.  And he will succeed, because the mainstream media is nothing more than leftist propaganda these days.  And as we fall off the cliff and into recession, Obama will keep explaining “why”: because Republicans are obstructing and protecting the rich at the expense of the rest of the people.

As completely wrong as Obama is, it his course is by far and away the easiest to demagogue.  When you realize that if all the people who got food stamps voted for Obama, there’s 75% of all the people who voted for him right there with just that, you see how politically powerful Obama’s course is.  At least until America fiscally collapses under the sheer massive weight of its debt.

So what do I propose?  Let Obama have his way.  IF.

Obama says that attacking and devouring the rich is the path to American prosperity.  Prove it, Mister President.  Tell us how much your tax increase will increase tax revenue.  Put a specific number on that claim into the version of the bill that Obama must sign.  And if tax revenues do not go up by the amount you said that they would go up, THEN YOU ARE WRONG.  No excuses.

As an example, consider what the Bush Tax Cut did:

For the record, President George Bush’s 2003 tax cuts:

raised federal tax receipts by $785 billion, the largest four-year revenue increase in U.S. history. In fiscal 2007, which ended last month, the government took in 6.7% more tax revenues than in 2006.

These increases in tax revenue have substantially reduced the federal budget deficits. In 2004 the deficit was $413 billion, or 3.5% of gross domestic product. It narrowed to $318 billion in 2005, $248 billion in 2006 and $163 billion in 2007. That last figure is just 1.2% of GDP, which is half of the average of the past 50 years.

Lower tax rates have be so successful in spurring growth that the percentage of federal income taxes paid by the very wealthy has increased. According to the Treasury Department, the top 1% of income tax filers paid just 19% of income taxes in 1980 (when the top tax rate was 70%), and 36% in 2003, the year the Bush tax cuts took effect (when the top rate became 35%). The top 5% of income taxpayers went from 37% of taxes paid to 56%, and the top 10% from 49% to 68% of taxes paid. And the amount of taxes paid by those earning more than $1 million a year rose to $236 billion in 2005 from $132 billion in 2003, a 78% increase.

Do you notice that not only did tax revenues massively increase, but in fact the percentage of taxes paid by the rich also massively increased?

Read what even the New York Times was forced to acknowledge about the FACT that the Bush tax cuts increased revenue:

Sharp Rise in Tax Revenue to Pare U.S. Deficit By EDMUND L. ANDREWS Published: July 13, 2005

WASHINGTON, July 12 – For the first time since President Bush took office, an unexpected leap in tax revenue is about to shrink the federal budget deficit this year, by nearly $100 billion.

A Jump in Corporate Payments On Wednesday, White House officials plan to announce that the deficit for the 2005 fiscal year, which ends in September, will be far smaller than the $427 billion they estimated in February.

Mr. Bush plans to hail the improvement at a cabinet meeting and to cite it as validation of his argument that tax cuts would stimulate the economy and ultimately help pay for themselves.

Based on revenue and spending data through June, the budget deficit for the first nine months of the fiscal year was $251 billion, $76 billion lower than the $327 billion gap recorded at the corresponding point a year earlier.

The Congressional Budget Office estimated last week that the deficit for the full fiscal year, which reached $412 billion in 2004, could be “significantly less than $350 billion, perhaps below $325 billion.” The big surprise has been in tax revenue, which is running nearly 15 percent higher than in 2004. Corporate tax revenue has soared about 40 percent, after languishing for four years, and individual tax revenue is up as well.

You can say whatever the hell you want, liberal.  But the Bush tax cut resulted in a fifteen percent increase in tax revenue.  According even to the New York Times.

Allow me to interject here that liberal “intellectuals” are actually the stupidest people in the world.  Forrest Gump said, “Stupid is as stupid does.”  And what makes Forrest Gump an authority here is that he was a mentally retarded man who listened to the common sense wisdom of a mother who was determined to teach her son to succeed in the real world.  And the story teaches us that Forrest listened to his mother’s wisdom and lived his life according to her proverbs – and he flourished while all the “smart” people around him either lived like fools or came to embrace Forrest Gump’s wisdom.  In the same manner, liberal intellectuals are profoundly stupid people because they hate the world as it actually is and are determined to replace reality with their various “-isms” – such as communism and fascism and existentialism and postmodernism and nihilism – instead.  They refuse to see the world as it is and constantly seek to impose morally idiotic theories that are utterly false.  And that is precisely what they are doing now with their tax demagoguery.  Because “redistributionism” is every bit as stupid and unrealistic of an “-ism” as all the other “-isms” I just listed.

Getting back to point, what numbers do YOU have to “put your money where your mouth is,” Obama???  Are you prepared to make specific guarantees that your tax plan will increase revenues and increase the size of the economy such that if those numbers don’t materialize, YOU ARE PROVEN WRONG AND YOUR TAX HIKE WILL AUTOMATICALLY BE ENDED ACCORDING TO THE PROVISIONS IN THE BILL?

Republicans should force Obama to produce hard numbers predicting the revenues his tax hikes will generate by a specific time.  And also demand to know up front exactly how much Obama’s tax warfare plan will reduce the debt.  And Republicans ought to demand that if those hard numbers and dates aren’t met, that Obama’s tax warfare will automatically end and the Bush tax cuts will automatically take their place.

At the very least, that would at least give some demagoguery to the Republicans for a change.  Because if Obama says, “Well, my Marxist tax war on the rich won’t actually have very much effect even in my best case scenario,” then Republicans can rightfully ask, “Then why the hell have you spent most of the last four years harping on it, you demagogue?”  And if Obama wants to make grandiose predictions, then those predictions can and should be hard-baked into the legislation which should also include triggers to kill it if those grandiose predictions aren’t actualized.

Republicans control one-third of the government.  But Democrats clearly have the ball.  The trick is to hold Democrats RESPONSIBLE for their grandiose claims such that if those claims aren’t fulfilled, they are disgraced officially and for the permanent historical record.

Give Obama what he wants – but make him and the Democrat Party pay dearly for it if what happens isn’t what they say will happen if they get their way.

And if Obama won’t agree to these terms, well, then, simply tell Obama’s supporters that if you people want tax increases, well, you should damn-well GET your tax increases.  And you will therefore get to pay the high taxes that you hypocritically and dishonestly wanted to force on somebody else now.  Because the people who ought to be paying the highest taxes in this country are the people who say that somebody ELSE ought to pay higher taxes while they get off scott free.  So to hell with it: let EVERYBODY pay high taxes and be done with it.

And we’ll be able to find out that way that Democrats are liars and that you can’t tax your way into prosperity, too.

I write this because the tactic of fighting over every mole hill shouldn’t be our tactic any longer.  We just lost that battle, I would argue.  If the Democrats demand something like these tax hikes and promise it will fix the economy, oppose it philosophically, demand language within the legislation itself that will officially make the Democrats completely responsible for their false promises, and then let them destroy themselves and as much of America as it takes to finally realize that Democrats are a bunch of pied pipers who are leading us to our national extinction.

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Congratulations, America, You Got What You Voted For: Soaring Unemployment, A Crashing DOW. Next Comes The Beast (You’ll Be Worshiping Him Soon)

November 15, 2012

As I noted, the day following the re-coronation of Obama as the Pharaoh in Chief saw the DOW plunge to historically high levels as investors and businesses pretty much said, “To hell with it.”

The 313 point plunge in the DOW on November 7, 2012 was the second worst point-drop in history following a presidential election and tied for fourth in American history in terms of overall drop in value.  Obama actually set the record for both categories when he was elected in 2008: the day of November 5, 2008 that followed the news that Obama would have his first four years to destroy the American economy was greeted with an almost 500-point drop or a 5% decrease in the value of the DOW.  And November 7th’s DOW drop puts the kibosh on any assertion that November 5 of 2008 was somehow a fluke.  So let’s say it with enthusiasm: “you’re #1, Obama!  No one but no one can destroy an economy like you!”

In both cases, it was the economy saying that a president like Barack Obama who would declare war on jobs, on productivity, and pretty much on anything that makes America great, is akin to a judgment of doom for this nation.

Since Obama was reelected, investors and business have decided that the economy and job-creation will take a four-year vacation.  The DOW has taken a nearly 700-point plunge since Obama was reelected as of today.

I know, I know, liberal.  Those vile rich people should all die and their flesh should be ground up for food after all the wealth they worked so hard to build for themselves and for their children has been confiscated and redistributed.

Here’s the thing: jobs are going the way of the Dodo bird and rich people in America.  Because people who voted for Obama don’t want jobs; they want socialism and communist redistribution of other people’s money.

The Lonely Conservative – and dang, I’m feeling kind of lonely since last week too, I’ve got to admit – posted these little factoids about Obama and the job boom that will now clearly never happen:

Initial Jobless Claims Soar To 439,000 – Updated
November 15, 2012
By Lonely Conservative

Isn’t it interesting that the jobless claims reported in the weeks leading up to the election were so low, and now that the election is behind us we get a report like this one? Of course, it was all unexpected to economists, who didn’t see the whopping 439,000 coming. Naturally, MarketWatch is doing their duty and blaming it on Sandy. You know, because it couldn’t have anything to do with the massive layoffs due to Obamacare.

The damage caused by Hurricane Sandy sent U.S. jobless claims soaring by 78,000 in the week ended Nov. 10 to an 18-month high of 439,000, according to the latest government figures. A Labor Department official on Thursday said claims surged in the eastern parts of the country that laid in the path of the storm. The destruction of job sites, closure of government offices and widespread power outages caused more people to file claims after an initial delay. Economists surveyed by MarketWatch had expected claims to climb to 380,000 on a seasonally adjusted basis. Initial claims from two weeks ago were revised up to 361,000 from an original reading of 355,000, based on more complete data collected at the state level. (Read More)

Good grief, when they revise this number what will it go up to?

If that’s not bad enough, have you seen how the stock market has been doing since the election?

Ever since Obama won eight days ago, stock prices are down about 4% as this is being recorded. So stocks peaked September 14—two months before the election—when the Federal Reserve announced the current version of quantitative easing, and stocks held up pretty much right through an election day rally.

But now that the election is over stocks are dropping with no bottom in sight. This is no accident given investors’ fears of higher taxes and continued big spending, including higher taxes on capital gains, which inevitably will tank the economy. In fact, I believe we are headed for a recession. (Read More)

Well, it’s not like people weren’t warned. If you’re an Obama voter and having second thoughts, you might want to re-think where you get your news in the future.

Update: Zero Hedge is a good place to get economic news, like this:

The latest initial claims data posted a multi-year high 104,548 surge in weekly NSA claims from 361,800 to 466,348, and even the Seasonally adjusted number soaring from 361K to 439K on expectations of a 375K print. In other words, a complete disaster for any economic data bulls. What is truly amusing is that the same Wall Street “experts” who set expectations were unable to foresee the Sandy effect that every “macrotourist” on Twitter apparently is so very aware of. Also, it is apparently also “Sandy’s fault” (now that the Bush excuse is back in retirement) that the prior week’s claims were revised from 355K to 361K. Basically, just as we said 3 weeks ago, ignore every negative data point: it is Sandy’s fault. However, for the snapback, when there actually is good news to be had, well, “four more years.” Finally, to all the Sandy apologists: is the logic here that: if Hurricane, then Fire everyone? Because that is what is implied… (Read More)

Update 2: Oh look – The Euro Zone is in another recession, so jobless claims can be blamed on that!

Update 3: The states with the highest number of new jobless claims were Ohio and Pennsylvania. Go figure.

That 439,000 new jobless filing is the worst since April of 2011.

“Forward” is a great slogan and everything, but the only way Obama is going to take America “forward” is to drive us off the fiscal cliff that was his bright idea to create in the first place (and see here for more because Obama set this disaster up from the very start).  The fact of the matter is that it is a documented fact by one of the great journalists in American history that the idea for sequestration – i.e. the “fiscal cliff” or “taxmageddon” – came from Obama’s chief of staff Jack Lew and Rob Nabors (Obama’s White House Assistant to the President and head of the White House’s Office of Legislative Affairs).  The money quote:

At 2:30 p.m. Lew and Nabors went to the Senate to meet with Reid and his chief of staff, David Krone. ‘We have an idea for the trigger,’ Lew said. ‘What’s the idea?’ Reid asked skeptically. ‘Sequestration.’ Reid bent down and put his head between his knees, almost as if he were going to throw up or was having a heart attack. He sat back up and looked at the ceiling. ‘A couple of weeks ago,’ he said, ‘my staff said to me that there is one more possible’ enforcement mechanism: sequestration. He said he told them, ‘Get the hell out of here. That’s insane. The White House surely will come up with a plan that will save the day. And you come to me with sequestration?’ Well, it could work, Lew and Nabors explained. What would the impact be? They would design it so that half the threatened cuts would be from the Defense Department. ‘I like that,’ Reid said. ‘That’s good. It doesn’t touch Medicaid or Medicare, does it?’ It actually does touch Medicare, they replied. ‘How does it touch Medicare?’ It depends, they said. There’s versions with 2 percent cuts, and there’s versions with 4 percent cuts.” (Bob Woodward, The Price Of Politics, 2012, pp. 326)

So anybody who wants to assert that sequestration originated ANYWHERE other than the Obama White House is a documented liar.  Not that liberals care about being documented liars.

Let me explain to you how Obama will use the sequestration monster that he created in terms of a cartoon analogy: the mad scientist builds a giant indestructible killer robot that he threatens to turn loose on America unless the nation bow down before him and do whatever he wants.  Unfortunately, in the cartoons super heroes show up to defeat the giant killer robot and save the day, and all we’ve got as heroes now is a House filled with mostly shocked and awed Republicans.

Obama is threatening to use the vicious, economy murdering monster that he built (without ever actually bothering to acknowledge that HE was the one who built it, fwiw) to bring down America unless he gets the war on the rich that he so desperately wants as a true ideological Marxist.

It doesn’t matter to the American people that Obama invented sequestration.  It doesn’t matter that sequestration will result in shockingly high unemployment and recession.  It doesn’t matter that Obama is and has been saying all along he would plunge America into joblessness and serious recession unless his demands to directly attack job creators and investors are not met.  It doesn’t matter that when America needed to be saved from sequestration, Obama was swearing he would veto any bill that tried to save the nation from his monster.  All that matter is that Obama will be depicted by the mainstream media as the good guy and the hero and that the Republicans will be portrayed as the villains who somehow caused all this mess (because we’re not going to remember that Obama actually caused it).

This is a country that just boldly declared that it truly deserves to suffer.  And it is going to get the true suffering that it so boldly deserves.

If you believe that businesses and investors think that Obama will be anything other than an unmitigated disaster for America, and that in cutting their own losses they will cut the thread that our economy is hanging upon, you are insane.  There is absolutely no question that Obama-believers are morally insane, but you can add clinically “disassociated from reality” to the list.

Under Obama, America dropped from first place to seventh place after losing ground every single year of his presidency.  Not that that matters one wit to liberals, of course.

The Obama presidency will leave an America that is “worse tasting, smaller-sized and higher priced.”

We’ve already seen unparalleled “messiah-worship” of an American president in Obama: we’ve seen the man literally place his image on the flag because he thinks HE is America and the only thing that America should love.  We’ve seen the Obama campaign team refer to Obama as “Black Jesus” to kick out Christ and replace the King of kings and Lord of lords with Obama.  And yes, we’ve seen the enthusiastic determination of Democrats to replace Jesus with their REAL messiah, Obama.

Obama is Just Like Jesus, says his wife.  There’s no such thing as “us and them”.  Red and yellow, black and white, all are precious in Obama’s sight.  The sheer worship is absolutely astonishing.

The Democrat Party under Obama is the Party that kicked God out of its platform before hastily deciding to put Him back in to a loud chorus of boos from the Party that Shakes Its Fist At God (see also here).

The Democrat Party under Obama or pretty damn much everybody else is the Party of Holocaust with 55 million innocent human beings butchered in a manner that I would not want to put an insect through.  One day every single Democrat will stand before the Father while flames of wrath billow out from His Throne and give an answer for why they supported the ugliest mass murder of human life in all of history.

The Democrat Party under Obama is a Party that worships homosexuality and sodomy.  And as much as they worship sodomy and homosexuality, they hate God, they hate the Bible, they hate Judeo-Christianity, they hate Western Civilization, and they viscerally hate and despise the name of Jesus.

And America has been paying for its support of this party for the past six years.  Because when America decided that demagogic Democrats Nancy Pelosi and Harry Reid should run the House and the Senate back in 2006, unemployment was 4.4%.

And of course Democrats were bitching up a storm at that unemployment rate and swearing up and down that they could do better.  And instead they led America “forward.”

“Forward” to the Antichrist and the mark of the beast.

According to the Bible, the coming Antichrist will be worshiped as God.  Let me ask you, how does that happen?

Prior to the coming of the Antichrist, America and the rest of the world will experience a financial collapse the likes of which the world has never before seen.  The world will suddenly find itself awash in wars and famines and mass deaths.  Things will be looking grim beyond belief.

And then suddenly, as if riding in on a white horse to save the day, will come the figure that the Bible has described as “the beast.”

We are watching that collapse building and growing and metastasizing.  And when we voted for Obama, we voted for the collapse and for the beast who would come because of that collapse.

And the same people who voted for Obama are the same sorry already-doomed fools who will worship the beast and enthusiastically take his mark on their right hands or on their foreheads.  Because the mark of the beast will be nothing more than the ultimate, big government, liberal economic plan.  It will represent everything that the Democrat Party – and for that matter the Communist Party – has been building toward for the last eighty years.

It wasn’t merely Obama who will have murdered America – although Obama will ultimately be the poster boy for the murder and downfall and collapse of America.  No, this was a process began by Democrats and initiated and implemented under FDR in 1932 with Social Security.

The real “national debt” that will bankrupt America isn’t the $16 trillion that Obama is responsible for 60% of in only four misbegotten years as our Pharaoh; it’s $222 trillion, and in fact $224.75 trillion given the fact that that report of $222 trillion is a few months old now.

You need to understand that the Obama regime is “the Cloward and Piven presidency.”  And you need to understand why Democrats are so relentlessly pushing for a complete collapse of the United States of America.  As I wrote back in 2009:

The only question, given the massive debts Obama has already accumulated – deficits that literally are more than every president has accumulated from George Washington to George W. Bush, combined – is whether the Cloward-Piven strategy will yet have its chance to work.  It might already be too late.  When you look at our real national debt of more than $100 TRILLION and realize that we cannot possibly repay it, if you have any sense you should get more than a little bit concerned that our leaders simply WILL NOT control their spending.

The Democrats have an endgame: when the system collapses, the panicked people will turn to the very government that created the calamity and demand that it take care of them.  And that is precisely what big government liberals have always preached.

Notice that we went from talking about debt of “more than $100 trillion” to “more than $222 trillion” since then.  But also notice that there’s an endgame in mind: when America collapses, a desperate people who already demonstrated to all time and eternity that they are a) stupid and b) depraved will demand that the government step in to help them.  And bingo, you’ve got the communist state that Democrats have dreamed of since liberals forced LBJ to quit trying to fight communism so they could join the communists.

Democrats like Obama are hoping for a complete American collapse because they believe they can steer it in the direction they desire.  And of course, under the leadership of the Antichrist, that question will be answered with the words, “Yes we can!”

Get Your Spiritual House In Order. Because The Beast Is Coming And You Don’t Want To Be With The Huge Majority That Takes His Mark.

November 7, 2012

I write this as I hear the report from Fox News that Ohio has just been called for Obama.

Amazingly, and I would suggest incredibly insanely, the American people have decided that the status quo – Barack Obama as president, a Senate that hasn’t bothered to pass a budget in over three years, and a House of Representatives that is even more firmly under Republican control – is the path to a great and glorious future.  Part of me wants to cry, but I dare say the larger part wants to start laughing my dang head off at the sheer idiocy of the American electorate.

As I contemplate a second Obama term, a couple of quotes come to mind:

A journalist named Stephen Laurant had been jailed circa 1935 for questioning Nazism:

I am writing this from cell 24. Outside a new Germany is being created. Many millions are rejoicing. Hitler is promising everyone precisely what they want. I think when they wake to their sobering senses, they will find they have been led by the nose and duped by lies.”

And then one from Jewish doctor Herta Knotwolf:

“So many worship him as their savior, their redeemer from unbearable poverty.  Many are filled with some have worry, but all are united in the words, ‘Now things will change.”

Ah, yes, hope and change.

I wonder how that worked out for old Herta.  Because things very certainly DID change.  I mean, she was certainly spot on about that part, right?

This isn’t about intelligence; it’s about moral intelligence.  In the 1930s when the German people were busy electing the Nazi Party and Adolf Hitler to power, they were the most educated, scientific and literate people on the face of the earth.  Versus the people of the United States, who frankly have never been more stupid in their nation’s entire history.

There simply comes a point in the life of every nation and even every civilization where there is an overwhelming desire to commit suicide and the people give in to that desire.  And those peoples may not have thought that was what they were doing when they made the fatal decisions that resulted in their destruction, but suicide is precisely what they ultimately chose.

And it’s what the United States of America just decided to do.

Our real national debt is now already trillions of dollars beyond the $222 trillion that it was reported as being about three months ago.

Is that $222 trillion number new to you?  Here’s an article for you:

Blink! U.S. Debt Just Grew by $11 Trillion
By Laurence Kotlikoff and Scott Burns Aug 8, 2012 3:30 PM PT

Republicans and Democrats spent last summer battling how best to save $2.1 trillion over the next decade. They are spending this summer battling how best to not save $2.1 trillion over the next decade.

In the course of that year, the U.S. government’s fiscal gap — the true measure of the nation’s indebtedness — rose by $11 trillion.

The fiscal gap is the present value difference between projected future spending and revenue. It captures all government liabilities, whether they are official obligations to service Treasury bonds or unofficial commitments, such as paying for food stamps or buying drones.

Some question whether “official” and “unofficial” spending commitments can be added together. But calling particular obligations “official” doesn’t make them economically more important. Indeed, the government would sooner renege on Chinese holding U.S. Treasuries than on Americans collecting Social Security, especially because the U.S. can print money and service its bonds with watered-down dollars.

For its part, economic theory sees through labels and views a country’s official debt for what it is — a linguistic construct devoid of real economic content. In contrast, the fiscal gap is theoretically well-defined and invariant to the choice of labels. Each labeling choice changes the mix of obligations between official and unofficial, but leaves the total unchanged.

Dangerous Growth

The U.S. fiscal gap, calculated (by us) using theCongressional Budget Office’s realistic long-term budget forecast — the Alternative Fiscal Scenario — is now $222 trillion. Last year, it was $211 trillion. The $11 trillion difference — this year’s true federal deficit — is 10 times larger than the official deficit and roughly as large as the entire stock of official debt in public hands.

This fantastic and dangerous growth in the fiscal gap is not new. In 2003 and 2004, the economists Alan Auerbach and William Gale extended the CBO’s short-term forecast and measured fiscal gaps of $60 trillion and $86 trillion, respectively. In 2007, the first year the CBO produced the Alternative Fiscal Scenario, the gap, by our reckoning, stood at $175 trillion. By 2009, when the CBO began reporting the AFS annually, the gap was $184 trillion. In 2010, it was $202 trillion, followed by $211 trillion in 2011 and $222 trillion in 2012.

So, based on that actual debt increasing by $11 trillion in one year and three full months passing since the announcement of said debt, that figure is now $222 trillion plus an additional $2.75 trillion.  So please don’t stare at the zeros as they whiz by or your eyeballs will pop out and it is no easy job trying to stick them back into your skull.

And with an Obama who has increased the “official” national debt by sixty percent in only four years, along with a Democrat Senate that hasn’t bothered to pass a budget in well over three years (it’s been 1,259 days since Harry Reid’s Senate passed a budget back on April 23 of 2009), and a Republican-controlled House that has already shown they will not abandon their agenda or their constituents, well, that’s your team who will take on looming disaster.

We just elected our own destruction.  Taxmaggedom is an example of this dilemma we just voted to perpetuate: they’ll probably be able to kick the can of economic calamity down the road for another few months, but that calamity will continue to hang over our heads like a shrapnel-loaded bomb waiting to blow up in our national face.

I know many of you love suspense, but what’s going to happen is “disaster” will be wearing Harlem Globetrotter uniforms and coming from every direction while Team Obama will be dressed in Washington Generals uniforms.  And by the end of the game, Disaster will have made America look incredibly stupid.

We’re a hopelessly fractured nation under Obama.  And just to try to describe that in election night terms, Obama will be the first president in history to be reelected by a smaller electoral college majority than he was elected with when he first became president, and as I write this Obama is actually over two-hundred thousand votes behind in the popular vote.  Not that it will matter to Obama, who will view his victory as a mandate.

Click here if you would like to see what a “mandate” actually looks like.

And that division and bitterness and inability to solve any of our crises – which was worse than it has EVER been these last four years under Obama – will get worse.  I promise you.  And that is because we, like the locusts, have no leader; rather, we have a demagogue who masquerades as a leader.  He is capable only of blaming others while refusing to accept any responsibility for pretty much anything.  We’re going to be paying dearly for that.

I don’t know how to tell you this, America.  You deserve to suffer for your stupidity.  And you’re going to get what you deserve.  Because this is still God damn America, full speed ahead to hell.

By the time Barack Hussein Obama leaves office in 2016, America will be the proverbial headless chicken.  We might still be technically on our feet, but we’re going to be dead.  Unless you’re reaching into your pocket as we speak to pay that $224.75 trillion our country owes, that is.  Anyone?  Is that crickets I hear?

We are a nation that cannot even POSSIBLY begin to come together to solve our problems.  And the reelection of the most partisan and most divisive president to ever lead America is all you need to know to realize that the United States of America will NEVER be able to come together.  Until Antichrist comes along to sweep the same fools off their feet who were swept off their feet by Obama.

How does Antichrist come to power?  Revelation chapter six describes the scenario: a complete global economic collapse, wars on top of wars as nation and ethnic group fight nation and ethnic group to the death over resources and grudges, famine and mass death will characterize the world that Antichrist will ride to save on his white horse.

I look at that $224.75 trillion debt, I look at a European failed experiment in socialism that is teetering on the brink of collapse, and I feel in my gut that Revelation 6 isn’t very far away from the real world.

Antichrist will literally be worshiped by the entire world.  Why?  Because he will appear to have all the answers, and people will look at what the world had been like before the beast came along to save them, and behold the vision that the Antichrist shows them, and literally the entire world will belong to this coming tyrant.

The interesting thing is that absolutely everything we know about this coming Antichrist screams “big government.”  The Antichrist will be the ultimate big government socialist.  Period.   If you are a typical liberal who admires the United Nations, well, your future object of worship will literally BE the United Nations.  The entire planet will rally behind this man.  If you think that the government ought to have a stronger hand in the economy, worry no more: because the government of the Antichrist will have complete control over anything that has anything whatsoever to do with the economy.

Oh, Obama is going to fail something fierce, but you Democrats can already breathe a future sigh of relief right now: because the Antichrist you will soon be worshiping will fulfill your wildest dreams.

The Antichrist will also be the quintessential politician.

The Book of Daniel applies the term “wisdom” to both Daniel and the coming Antichrist.  Daniel was given wisdom to understand riddles and unravel them; Antichrist will have the wisdom to understand riddles and therefore tie the truth up in knots such that no human being will be able to penetrate his facade of lies and deceit.

He’s coming.  And he’s going to be here very soon.  And if you haven’t already made your decision for Jesus Christ, you will fall prey to the beast’s wisdom and you will worship him and you will take his mark.

Are you dismayed over the election last night?

Don’t be.  Read this:

An old missionary couple had been working in Africa for years and were  returning to New York to retire. They had no pension; their health was  broken; they were defeated, discouraged, and afraid. They discovered  they were booked on the same ship as President Teddy Roosevelt, who was  returning from one of his big-game hunting expeditions.

No one paid any attention to them. They watched the fanfare that  accompanied the President’s entourage, with passengers trying to catch a  glimpse of the great man. As the ship moved across the ocean, the old  missionary said to his wife, “Something is wrong.” “Why should we have  given our lives in faithful service for God in Africa all these many  years and have no one care a thing about us? Here this man comes back  from a hunting trip and everybody makes much over him, but nobody gives  two hoots about us.”

“Dear, you shouldn’t feel that way”, his wife said. He replied “I can’t  help it; it doesn’t seem right.”

When the ship docked in New York, a band was waiting to greet the  President. The mayor and other dignitaries were there. The papers were  full of the President’s arrival. No one noticed this missionary couple.  They slipped off the ship and found a cheap flat on the East Side,  hoping the next day to see what they could do to make a living in the  city.

That night the man’s spirit broke. He said to his wife, “I can’t take  this; God is not treating us fairly”. His wife replied, “Why don’t you  go in the bedroom and tell that to the Lord?”

A short time later he came out from the bedroom, but now his face was  completely different. His wife asked, “Dear, what happened?” “The Lord  settled it with me”, he said. “I told Him how bitter I was that the  President should receive this tremendous homecoming, when no one met us  as we returned home. And when I finished, it seemed as though the Lord  put His hand on my shoulder and simply said;

“But you’re not home yet.”

Author Unknown

America isn’t your home.

America has been hijacked by people who are determined to worship the beast and to force the country to worship the beast with them.

It’s sad, of course.  There’s no question it’s sad.  And you might feel sick, broken, defeated, discouraged and afraid.

But this isn’t your home.

And the same God who forewarned us about the world that would worship Antichrist also told us about a wonderful eternity that awaits all those who have placed their trust not in human government but in the Lamb of God.

If you still feel discouraged, go to your Bible and cheat: turn to the last page of Revelation to see who wins.

New York Times Woefully Examines The Likelihood Of Another Republican Asskicking House Election In 2012. Then Consider The Implications For Obama.

July 30, 2012

This caught my eye, given all the various predictions and hand-wringing over all the many polls:

For House Democrats 2012 will be at least as bad as 2010, but chances are it will be worse
By Kevin “Coach” Collins, on July 28th, 2012

“If this were just our candidates versus their candidates, I would sign an affidavit that we would pick up 35 seats” so says Congressman Steve Israel the Democrat in charge of getting the House back. This false bravado sums up a big part of the Democrats’ problem: not being able to acknowledge there is a problem.

A hand wringing New York Times analysis lays out the grim situation for its Party:

“The overall dynamic favors Republicans, who look poised to maintain their hold on the House. More Democrats than Republicans have retired in districts where they were endangered, and more Republicans benefited from the decennial redistricting, leaving the Democrats with too small a cushion of Teflon incumbents as they try to regain a majority in the House. Of the 80 races viewed as most competitive by The New York Times, based on polls and interviews with independent analysts, 32 are leaning Republican, 23 are leaning Democratic and 25 are tossups.”

The reality is that these numbers indicate the GOP is poised to win over 50 of these race and maybe more. Because of the cumulative effect of both elections this would be worse than 2010 for the Democrats who could see their numbers fall to the fewest since 1931.

Why this will happen

With less than four months to go compared to 2008 conservative Republican enthusiasm is 16 points higher and liberal Democrat enthusiasm is 22 points lower.

Democrats from local candidates to Barack Obama have no coherent plausible message.

Together they have made America sick so what can they say?

They can’t even keep their “We hate” list straight. They’ve tried to get their base to hate Bain Capital, but couldn’t make their charges stick because they are lies. They’re still trying to get their base to hate the TEA party but every charge they make is a lie so it falls flat. Now they are telling their Christian base to hate Christian doctrine and love Democrats which is also doomed to failure.

There is no group Obama lost in 2008 that he is winning now and no group (not even African Americans) he won in 2008 that he is doing better with today. Now that voters have a clearer idea of what he is all about, Barack Obama will be an even bigger drag on his Party this year than he was in 2010 when the GOP took 63 seats in a landslide not seen since 1938.

Americans are NOT going to the polls to vote against Barack Obama then vote for a Democrat in their Congressional district as Mister Israel fantasizes. Come November Democrat policies will sink them in large numbers.

Follow Coach at twitter.com @KcoachcCoach

To reach your Congressional representative, use this link:

http://www.contactingthecongress.org/

To read more use this link:

http://www.nytimes.com/2012/07/26/us/politics/republicans-and-democrats-fight-for-control-of-the-house.html?_r=1&pagewanted=all

To read about how hypocritical the Democrats have been over the past 200 years. Get you copy of Coach’s new book Crooks Thugs and bigots: the lost hidden and changed history of the Democratic Party available at:http://crooksthugsandbigots.com

Here is the map the New York Times created.  It is interactive if you go to the article available (again) here:

I admit, it might be my eyes are messed up or something.  But I don’t see the blue tidal wave of adoration for Obama.  I see the red of a bunch or Republicans rising up in righteous outrage.

We’re seeing a lot of polls coming out that apparently favor Obama.  They have two major weaknesses:

1) Flawed polling methodology.  Recently we had a poll that had Obama up by six points over Romney.  What you have to dig a little more into is the fact that the poll had a sampling distribution that favored Democrats by 11 points over Republicans.  That’s a 2008 model.  Well, please understand: 2008 went bye-bye for Obama.  He’s simply not going to have the sort of overwhelming Democrat tide that he had in 2008 – and any polling methodology that assumes he will is deeply flawed and in fact biased.

When we can routinely point to polls that skew toward Democrats by seventeen points, we can point to an invalid poll.

2) Voter turnout.  I’m not hearing predictions that Democrats will vote for Romney in substantial numbers the way we had “Reagan Democrats.”  The question is, how energized are Democrats to show up and vote?  The fact of the matter is that voter enthusiasm was ALL in Democrats’ favor in 2008 – and the fact of the matter is that it is now a mirror image with the same levels of enthusiasm now favoring Republicans.  The most heavily Democrat voter groups such as blacks and youth are already showing a substantial enthusiasm gap which predict that they will NOT turn out the way they did in 2008.

Fittingly, Democrats have been dropping out in such droves rather than be seen with Obama that Nancy Pelosi has suggested that Democrats should just skip the whole damn thing altogether:

House minority leader Nancy Pelosi says Democratic members should stay home and campaign in their districts rather than go to the party’s national convention in North Carolina.

“I’m not encouraging anyone to go to the convention, having nothing to do with anything except I think they should stay home, campaign in their districts, use their financial and political resources to help them win their election,” Pelosi said in an exclusive interview for POLITICO Live’s “On Congress,” a new weekly show to be streamed live on POLITICO’s website and broadcast on NewsChannel 8 on Wednesdays.

Someone might be able to correct me, but I find this historic. I don’t believe any party leader has ever called for that party to abandon their own national convention.

To add insult to injury for Democrats, the labor unions that form the backbone of the Democrat Party machine are literally planning on holding their own convention and tuning out the DNC Convention in North Carolina:

WASHINGTON (AP) — Three weeks before the Democratic National Convention this summer, union leaders plan to hold their own “shadow convention” to promote labor issues they believe too many elected officials are ignoring.

The union gathering in Philadelphia on Aug. 11 was inspired by the anger many labor officials felt after Democrats decided to stage their nominating convention in North Carolina, a right-to-work state that is the least unionized in the country.

Most unions are still planning to attend the Charlotte, N.C., convention, but more than a dozen are boycotting it. Other unions are not spending big money on the convention as they have in the past.

Does this sound positive for Democrats?  And compare these developments to when Obama was parading around as “the messiah” at the enormous 2008 Democratic National Convention with an ostentatatious Grecian Temple platform to magnify his wonderful wonderfulness.

Numerous polls are assuming it’s Obama messiah magic all over again with their assumptions, but reality seems to be screaming a very different message.

Here’s another example: Democrats are refusing to pay their dues to the Democrat Party to the tune of a full third of the entire caucus not paying ANYTHING to go with an even larger group who have only paid a portion:

Prying open members’ fists is an election year ritual for leaders of both parties, but Democrats contend this time around has been particularly frustrating. Facing a team of deep-pocketed Republican outside groups poised to swamp them in TV ad spending — and with the party not benefiting from the kind of wave conditions that lifted Republicans two years ago — Democrats say the stinginess of their lawmakers has left them severely weakened as the fall campaign season approaches.

Democrats say they’ve tried just about everything to get their colleagues to open their wallets. The Democratic Congressional Campaign Committee has told members that unless they pay their dues in full, they won’t get to partake in the committee’s Democratic National Convention package, complete with access to much sought-after hotel rooms and parties. And in early June, House Minority Leader Nancy Pelosi (D-Calif.) tried to shame her members into giving, distributing notes to each of them with a request for cash and asking them if they are part of “the team.”

The push hasn’t had much success. As of June 30, 64 Democrats — around one-third of the entire caucus — hadn’t paid anything to the DCCC, according to a party document provided to POLITICO. Another 109 members had paid only a portion of what they owe in dues, which are calculated based on seniority and committee assignments.

In June, GOP members flooded the National Republican Congressional Committee with nearly $6.4 million. The DCCC secured just $1.8 million from Democratic lawmakers.

THAT is a Democrat enthusiasm gap.  This isn’t a happy, enthused, energized party saying let’s work together to win with and for our messiah.  This is a bunch of professional politicians who see a lot of numbers that the rest of us don’t get to see who are saying in several important ways, “It’s every DemocRAT for himself.”

To other factors promise to make what Democrats are already seeing as really, really bad even WORSE:

1) Money.  Obama raised more money in 2008 than any politician in the entire history of the world.  Guess what’s happened since?  Obama has alienated and frankly enraged many of the deep pockets that he won in 2008 with his lies and empty promises and meaningless rhetoric.  The advantage is now on Romney’s side.  Obama is going deep into the hole now to spend money while Romney is unable to open the floodgates until he is the official GOP nominee, but come August Romney will be able to release the hounds on Obama.  Obama has been attempting – apparently without much success – to demonize Romney and “frame” him before he is able to spend money to answer all the lies in all the bogus Obama ads.  If Romney is able to weather this storm, the worm will begin to turn come August after the GOP Convention.

2) The economy.  Job growth is slowing to so far below the threshold needed just to keep up with population growth it isn’t funny.  We just saw that GDP growth is so meager that we are very close to stall speed and a dreaded double-dip recession.  Consumer confidence is plunging.  Record numbers of Americans are on food stamps compared to any other time in US history and we’ve got more Americans filing for disability than we’ve got Americans getting jobs.  This is by far and away the WEAKEST and most miserable “recovery” in US history because Obama’s policies are so wrong and he simply will not LET the economy recover.

There is absolutely no reason to believe that the economy will get any better between now and election day and damn GOOD reason to believe it will be getting WORSE.  Nouriel Roubini, an economist who is famous for having predicted the 2008 economic implosion, believes that the economy will get WORSE.  Economist Peter Morici is writing about a soon-coming economic collapse.

That’s the real record Obama is running on: from bad to worse.

Obama is running on the assertion that if George W. Bush were still president, there is absolutely no way the CIA and the SEALs could have got Obama.  Why?  Because getting bin Laden was a miracle, and only messiah Obama could possibly have ever performed this miracle.  Obama is running on the assertion that if George W. Bush were still president, the US economy would still be losing 700,000 jobs a month, and only messiah Obama had the superhuman wisdom to lead America to the worst “recovery” in the history of the nation.  The only way “pathetic” can be viewed as “glorious” is if we ignore the reality that 1) no recession has EVER lasted forever and it wouldn’t have lasted forever if George Bush were president, either, and that 2) that most US recessions last less than 18 months with 3) recoveries generally being the strongest when the recessions have been deepest.  Which is to say that if Obama wasn’t an abject failure we’d have GDP growth of 10 percent the way we did when Ronald Reagan was running en route to a landslide re-election.

Obama has to ignore all of that.  He has to say, “This economic holocaust that you see all around you is really a Utopia.  And the Promised Land is right around the corner, ye herd of mindless animals.”

All that said, I’m not going to predict that Mitt Romney wins in a landslide.  Or even that he wins at all.

Why?  Because this is God damn America, just like I told you it would be back in November 4 of 2008.  God damn America is not a land of wise and good people; no, it is a land of fools and wicked people.  And fools and wicked people pursue their own destruction until God gives it to them the way they deserve.

If we re-elect Obama – and 2008 proved there are more than enough fools and wicked people to pull it off – we will get the fools’ end that we demand God give us.

It’s going to come fast, too.  Because Taxmageddon is coming.  And given that the Republicans are going to retake the House, if Obama wins, every American will find himself or herself paying taxes right out of their ass.  And given that pretty much every economist agrees that “taxmageddon” will amount to a double-dip recession, the re-election of Obama will amount to a double-dip recession.  And America will deserve it in spades.

The sequestration that is also looming over America because Barack Obama is a fool and a failure who cannot and will not lead are another nuclear trigger for this double-dip recession: as many as 1.53 million defense sector workers will get their pink slips right before and right after the election unless Obama pulls his skull out of his ass.  And given that Obama has had his skull up his ass his entire life, that isn’t very likely.  Instead, Obama has actually promised to veto any attempt to keep these 1.53 million workers employed.  Which makes the 100,000 jobs that Obama has already pissed away with his idiotic radical environmentalist lobby-owned killing of the Keystone Pipeline look like chump change.

Democrats are already firmly on record vowing to take America off the fiscal cliff unless Republicans abandon all sanity and join them in their Marxist class warfare against job creators and investors:

Democrats threaten to go over ‘fiscal cliff’ if GOP fails to raise taxes
By Lori Montgomery, Published: July 15, Washington Post
Democrats are making increasingly explicit threats about their willingness to let nearly $600 billion worth of tax hikes and spending cuts take effect in January unless Republicans drop their opposition to higher taxes for the nation’s wealthiest households.

Either everybody should get a tax cut or everybody should get taxed up the wazoo.  If you think that somebody else ought to have their taxes raised, YOU SHOULD HAVE YOUR TAXES RAISED.  By the measure that ye judged, YE shall be judged.  You want someone else to pay so you can skate?  You should be taxed until you can’t feed your kids; you should be taxed until you can’t make your house payments; you should be taxed until your car is repossessed.  All of you wicked fools should get both barrels of what you want to inflict on other people.

The only great thing about Mitt Romney is that he is not Barack Hussein Obama.

I’m not enthusiastic about Mitt Romney in any other respect.  His entire career is of being a liberal-leaning moderate – contrary to the demonic Obama ads that depict him as some kind of fire-breathing rightwing conservative fanatic.  But I am TOTALLY enthusiastic about ridding this nation of the scourge of the worst president in our entire history.  And I will crawl out of my death bed through broken glass to vote for Romney for that very reason.

Senate Democrats Agree With Obama To Raise Taxes On 1.2 Million Small Businesses And Destroy 700,000 More Jobs. Compare Their Failure To Reagan.

July 28, 2012

This is Obama’s “If you’ve got a business, you didn’t build that.  Somebody else made that happen” as it matriculates into our tax policy.

You need to go back and understand Obama’s argument.  What he was very clearly saying is that government basically built everything that allows businesses to succeed.  And therefore businesses – which owe their success to government – should pay more taxes.

As I’ve pointed out, if Government (with a big ‘G’ because liberals view Government as a replacement for God and you owe your God) is responsible for the success of business, it is also responsible for the “success” of mass murderer James Holmes and of virtually every single criminal.  Obama told us that Government gave us teachers.  Well, James Holmes went to a public school and had government teachers.  Obama told us that Government gave us roads.  Well, not only did James Holmes use those roads, but he used them to drive to his massacre site at the theater.  Obama told us that Government gave us loan and grant programs.  Well, James Holmes got a big government grant for his studies.  Obama told us that Government gave us the Internet.  And James Holmes used the Internet to buy his massive arsenal with his government grant

Government built the roads that murderers used en route to their murders.  Government built the schools that rapists used on their way to becoming rapists.  You can’t take these things that EVERYBODY benefits from and which only exist in the first place because TAXPAYERS built them for everybody to benefit from and then claim that they in any way, shape or form account for the success of businesses who got where they got by their hard work.  The argument that Obama offered and which the Democrat Party accepted lock, stock and barrel suffers from vicious infinite regress: Government does things, which justifies more govenment.  More government does even more things, which justifies still MORE government.  Still MORE government does still more things, which justifies yet more government.  And so on ad naseum.

The vicious regress is one of the most glaringly obvious results of poor thinking in logic and philosophy; and yet a vicious infinite regress literally forms the epicenter of the entire liberal worldview.

Anyone but a FOOL ought to immediately understand that the things that Government has provided are NOT the reason that business owners succeed.  Because not only criminals but every slacker on welfare ALSO uses schools and roads and government loans and the Internet.  The reason that businesses succeed is because successful business owners had dreams, worked hard to fulfill those dreams, had good ideas, demonstrated individual responsibility and took individual initiative, made difficult choices, saved and invested while others spent, etc.

And Barack Obama as an individual and the Democrat Party as a political group are nakedly evil for trying to falsely claim credit for the success of business and saying to them, “You OWE us for your success.”  But regardless of the smokescreens and lies they now blather in front of every microphone, the ugly, diseased cat is out of the bag.  When Government says, “We should be able to redistribute your wealth because we made all of your success possible, they end up punishing wealth creation and success and undermining the economy of everyone.  Except the slackers.

Morning Bell: Senate Votes to Raise Taxes on Small Businesses
Amy Payne
July 26, 2012 at 8:57 am

Yesterday, the Senate narrowly voted (51-48) to raise taxes on 1.2 million small businesses, which will likely kill more than 700,000 jobs at a time when nearly 13 million Americans are out of work. Senators Joe Lieberman (I-CT) and Jim Webb (D-VA) joined all Republicans in bipartisan opposition to the tax hike.

This is President Obama’s economic plan. This is what he asked Congress to do. And he recently told a fundraising crowd that his economic plan has been working.

“Just like we’ve tried [Republicans’] plan, we tried our plan—and it worked,” he said.

But Obama’s Treasury Secretary, Timothy Geithner, said yesterday that “the economy is not growing fast enough,” acknowledging that “unemployment is very high.” “The institutions with authority should be doing everything they can to try to make economic growth stronger,” he said.

The President’s plan, now endorsed by the Democratic majority in the Senate, has little chance of going anywhere in the House of Representatives. But it has put the 51 Senators who want to raise taxes on record.

Perhaps the biggest lie in the tax debate is that this vote affects only “the rich.” That’s simply not true. Many small businesses, known as flow-through businesses, pay their taxes through the individual income tax. Ernst and Young estimates that these types of businesses “employ 54% of the private sector work force.” This tax hike squarely hits 1.2 million of these businesses that hire workers and have incomes above $200,000.

Rather than punishing just “the rich,” as Heritage’s Curtis Dubay notes, “By pinpointing his tax increase on incomes over $200,000, President Obama has maximized the detrimental impact that his tax increase would have on job creation.”

The Ernst and Young study on the impact of this tax hike showed that it could kill more than 700,000 jobs. This isn’t surprising, since the businesses it targets are some of the country’s most robust job creators. But it is surprising that a majority of the Senate would go along with this plan when the country is suffering from 8.2 percent unemployment.

As if that weren’t enough, the Senate’s actions would also raise the death tax from 35 percent to 55 percent. This confiscatory rate would hit small businesses and family farms exceptionally hard. Dubay explains:

The death tax is often portrayed as a tax that only rich heirs pay. In reality, the death tax hits family-owned businesses hardest. These businesses are valuable on paper because they have many assets that they need to make and sell their products. But the businesses’ book values are not representative of the families’ liquid assets. When a family member passes on, these families often have to sell all or part of the business to raise the cash to pay the death tax. This slows the growth of these businesses and in some cases forces them to lay off existing workers.

The Senate’s vote means we are no closer to preventing Taxmageddon, the nearly $500 billion tax increase scheduled to hit Americans on January 1. It is difficult to imagine the economy sustaining such a blow. Families will be hit with an average tax increase of more than $4,100 next year if Congress allows this to go forward. Instead of preventing this calamity, the Senate voted to raise taxes. It simply boggles the mind.

See our infographic: How Will Taxmageddon Impact You?

Where are your heads, Democrats???

Obama loves to pit himself against Bush and pass himself off as the “anti-Bush.” But in fact in many ways Obama is just LIKE Bush.  Bush ended his presidency with the philosophy that, “I’ve abandoned free market principles to save the free market system.”  That was how Obama BEGAN his presidency and he has been doggedly determined to continue to abandon more and more free market principles with every single passing day of his regime.

Obama isn’t the “anti-Bush”; he’s the anti-REAGAN.

Fill THAT one in the blank of Obama’s dishonest statement: “Just like we tried REAGAN’S plan, we tried our plan – and our plan worked.”

Gallup – the most widely recognized polling organization in America – points out that in the minds of the American people Ronald Wilson Reagan as the greatest American president who ever lived.  Reagan ranks five points above Abraham Lincoln who is #2 on the list.

We tried Reagan’s plan and it didn’t work?  Seriously, Obama?  You LIAR!

Obama has dishonestly attempted to harness Reagan’s mandate.  But again, he is a LIAR.  Obama is the ANTI-Reagan.

I rightly stated back in 2009 that Barack Obama would be an abject FAILURE which he has surely been.  And I pointed out in that article how Ronald Reagan saved America.  And I pointed out how Barack Obama – the anti-Reagan – would undo everything that Reagan had achieved that made him the greatest president in American history.  As I state, “Reagan’s policies set the trajectory for growth that would last for 20 years.”

When Bill Clinton finally realized that his connection with liberalism had made the first two years of his presidency an abject failure – which resulted in the largest Republican landslide in American history surpassed only by the asskicking Republicans gave Obama in 2010 – he categorically stated, “The era of big government is over.”  And he began to govern less like a liberal and more like a Reagan with the help of a Republican dominated House and Senate.  And America thrived under Republican policies.  Obama deceitfully wants to claim that Bill Clinton raised taxes; BILL CLINTON CUT TAXES FAR MORE THAN HE RAISED THEM.  It wasn’t until Clinton CUT the capital gains tax in addition to many other tax reforms that the economy truly took off and the budget deficit shrank.

You HAVE to allow the people who risk and work and invest to keep more of what they earn or you inevitably end up with LESS growth, less production, fewer jobs.  It is a simple fact of history that has been documented over and over again.

Obama has taken every good thing that worked for Republicans and Democrats alike and ended it.  He has taken every bad thing that has failed and expanded it.

Under Barack Obama, American labor participation – the measure of the percentage of Americans have been abandoned by the US economy – is at its lowest levels in over THIRTY YEARS since Reagan saved America.

We’re going backward while Obama demagogues and exploits the small business owners who built this country far more than bigger “Government” – which itself was an anathema to the founding fathers who wrote our Constitution – ever did.

Even Obama himself said “You don’t raise taxes in a recession.”  And it is by only the most technical definitions that America is NOT in a recession right now.  Growth is near ZERO and the growth that we have is diminishing to the point that economists are increasingly worried about the “substantial” likelihood of a double-dip recession.  You DON’T increase the taxes on job creators and expect more jobs.

Pull your heads out of your rear ends, Democrats.  And vote this turd out of office.  Obama has now documented with his demagogic policies that he will NEVER understand how the US economy works.