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Yesterday, 10:50 pmJust announced jobs program.
Yesterday, 9:28 pmYou wouldn't listen anyway.
Yesterday, 8:23 pmDon't hold your breath...!
What if Obama Defended American Business?
Larry Kudlow | Jul 27, 2014
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Wouldn't it be great if Obama acknowledged that U.S. firms are overburdened by the highest corporate tax rate among developed countries, and as a result are becoming less and less competitive?
Wouldn't it be great if he said he wants to fix this tax imbalance in order to grow the economy faster and give U.S. businesses a leg up on the global scene?
Couldn't he just say that? Nope.
He could say it like this: "Look, I don't want to drive businesses away. I want to keep businesses here. I understand the importance of business. I understand that you can't have a good job without a thriving business. And I get that businesses require capital investment. And I understand that the investment and the business must have a high rate of return, after tax. When that's the case, the company expands, jobs grow and families have more income to pay for health care, education and the good life."
Instead, Obama mocks businesses. And now he's hauling out an election-year populist whine about "economic patriotism." He's attacking companies that merge with foreign businesses and reincorporate in lower-tax foreign countries. It's called inversion. And Obama wants to stop it in the name of patriotism.
In an interview with my CNBC colleague Steve Liesman, Obama talked about how businesses are ungrateful for "the range of benefits that have helped to build companies, create value (and) create profits." He complained that these firms are moving their "technical address simply to avoid paying taxes."
That sounds a bit like, "If you've got a business -- you didn't build that. Somebody else made that happen."
But the issue isn't avoiding all taxes. If a U.S. business reincorporates overseas, it still pays the same record-breaking 35 percent tax rate on its U.S. income. The difference is that it doesn't pay 35 percent on profits made in foreign countries. That's the double tax it is trying to avoid.
We are the only nation that has this goofy system. And it reduces after-tax profits and renders our companies less competitive. That's why nearly $2 trillion in cash from American companies is sitting overseas.
But Obama could turn this around in a blink. He could say, "We need that cash to grow the economy, create more jobs and, yes, to build more infrastructure. So I'm going to grant a small repatriation fee of 5 percent to bring that money back and put it to work at home."
He could then say, "And to make American business number one, we're gonna drop the corporate tax rate from 35 percent to 20 percent -- with full cash expensing for new investment -- and scrap all other deductions and special credits. In other words, we're gonna end crony capitalism and corporate welfare, just as I pledged in my 2008 campaign. And that includes the Export-Import bank. "
He could then say he understands from numerous studies that 70 percent of the benefits of a corporate tax cut will flow to working wage earners while the rest will flow to lower-priced consumers. And he could add that we're going to allow pass-through S-corps and LLCs who now pay the personal tax rate to reincorporate and take advantage of the new lower C-corp rates.
And that's when he could argue that American companies must come home and stay home.
Nobody, including myself, likes the idea of foreign-based inversions or foreign-parked cash. But corporate tax reform is the solution, not corporate punishment.
The president sometimes gives lip service to corporate tax reform. But he never follows through. There have been a dozen good proposals down through the years. But Obama keeps blaming Republicans in Congress, even though he has been completely disengaged from any serious talks about tax reform.
Five years ago, Simpson-Bowles had a good corporate tax reform. The president ignored it. Democratic Sen. Max Baucus developed a corporate tax-reform package when he was chair of the Senate Finance Committee. It was completely disregarded by the White House. And Republican Dave Camp, chairman of the Ways and Means Committee, delivered a comprehensive tax reform that included corporations. It wasn't perfect, but the White House overlooked that too.
And now it looks like corporate tax reform is dead again this year. The Obama Democrats will try to push through a bill to stop foreign re-incorporations. It will never pass. And they'll keep trashing business and turning up the flame on the class-warfare burner. Divide the country and bash success. The same old tired themes.
It's a pity. Why isn't it patriotic to stand by large and small businesses, which are at the heart of the American free-market economy? Just this once, can't we get the story right?
Yesterday, 1:58 pmIt's pretty Sad, when you send someone else to do your job.
Mrs. Obama's Desperate PleaCortney O'Brien | Jul 28, 2014
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With her husband’s approval rating dipping lower every day, and a smaller electorate expected this November, Michelle Obama has the right to worry about the fast approaching 2014 midterm elections. Hence why the First Lady released a misleading, borderline desperate video this weekend.
“Equal pay for women, immigration reform, raising the minimum wage, and ensuring that women can make their own decisions about their bodies and their health care. My husband is working so hard on all these issues. But he needs leaders in Congress who will work with him – leaders who care about what’s going on in your lives and who will fight for you every single day.”
Apparently those heartless House Republicans could care less about their constituents.
Yes indeed, just like Mr. Obama has done Mrs. Obama right?
Mrs. Obama then got straight to her point:
“We need you to be as passionate and as hungry as you were in 2008 and 2012.”
That in itself is pretty desperate...
One year she notably forgot? 2010, a year when Americans were very passionate. They were passionate about the ugly economy. They were passionate about the high unemployment. Oh yeah, and they were especially passionate about the government getting between them and their doctors. That’s why these incensed voters turned our country red.
A new CNN poll puts the Democrats’ peril in perspective:
In the generic ballot question, the Democrats have a 4-percentage point 48 percent-44 percent edge over the Republicans among registered voters. The generic ballot asks respondents to choose between a Democrat or Republican in their congressional district without identifying the candidates.
A smaller electorate could heavily favor the Republican Party. Single women, younger voters and minorities - who are generally consistent Democratic voters - typically vote in fewer numbers during midterms, according to wcti12.com.
She can keep urging her supporters on, but it’s clear voters aren’t “passionate” about the party who pushed through this disaster.
Yesterday, 11:54 amThis is multi- tasking, Democrats need not apply.
"As Americans, we must ask ourselves: Are we really so different? Must we stereotype those who disagree with us? Do we truly believe that ALL red-state residents are ignorant racist fascist knuckle-dragging NASCAR-obsessed cousin-marrying roadkill-eating tobacco juice-dribbling gun-fondling religious fanatic rednecks; or that ALL blue-state residents are godless unpatriotic pierced-nose Volvo-driving France-loving left-wing communist latte-sucking tofu-chomping holistic-wacko neurotic vegan weenie perverts?"
Yesterday, 9:16 amBefore and After, Real time...
July 27, 2014, 11:55 pmObama Shenanigans on 'Factoryless' Exports, Taxes, Employment, Jobs
Obama Shenanigans on 'Factoryless' Exports, Taxes, Employment, Jobs
Mike Shedlock | Jul 26, 2014
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President Obama was beating the drums on Thursday in Los Angeles regarding corporate tax deserters, companies that move headquarters or tax shields to another country in order to escape high US tax rates.
The LA Times provides the details in President Obama Hits 'Corporate Deserters' in Populist L.A. Speech.
Tearing into companies he dubbed “corporate deserters,” President Obama on Thursday launched an election-year push to make it harder for U.S. companies to avoid paying taxes.
Under a bright sun at a trade and technical college in Los Angeles, Obama issued a <snip>ing assessment of a “small but growing” group of companies taking advantage of a “loophole” in corporate tax law by reorganizing overseas, often in low-tax countries.
Obama accused the companies of “renouncing their U.S. citizenship” and “fleeing the country” while sticking U.S. taxpayers “with the tab.”
“You shouldn’t get to call yourself an American company only when you want a handout from the American taxpayer,” Obama told a crowd gathered at the Los Angeles Trade-Technical College. The speech capped a three-day West Coast trip primarily focused on raising money for Democrats ahead of the midterm elections.
Obama’s target on Thursday was so-called inversion transactions, a practice that allows U.S. companies to reincorporate overseas, either through a merger or purchase of a foreign entity, and thus avoid paying U.S. taxes on its foreign earnings.
Who Cares About Legalities?
The president acknowledged the practice is legal, but added “my attitude is, ‘I don’t care if it’s legal -- it’s wrong.’”
Well, who gives a <snip> about legalities anymore? Certainly not president Obama, as he has proven many times over.
Besides, as we all learned from President Nixon "When the president does it, it's not illegal".
No president has been a finer student of Nixon philosophy than Obama.
July 27, 2014, 10:56 pmNever went to the top floor.
July 27, 2014, 10:06 pmStill Fighting: The Delphi Workers Obama Robbed
Still Fighting: The Delphi Workers Obama Robbed
Michelle Malkin | Jul 25, 2014
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It was five years ago this summer that 20,000 white-collar nonunion workers from Delphi (a leading auto parts company spun off from GM in 1999) had their pensions sabotaged as part of a rotten White House deal with Big Labor. Two court rulings this summer have given the victims hope. Their plight must not be forgotten.
Remember when Washington rushed to nationalize the U.S. auto industry with $80 billion in taxpayer "rescue" funds and avoid contested court termination proceedings? Behind closed doors, the Obama administration's auto team schemed with labor bosses from United Automobile Workers to preserve union members' costly pension funds by screwing over their nonunion counterparts. The federally backed Pension Benefit Guaranty Corp., which had the fiduciary duty to represent the best interests of all the Delphi workers, helped sacrifice the nonunion employees at the UAW altar. While union pensions were topped up with tax-subsidized auto bailout funds, nonunion pensioners were left high and dry.
In addition, the nonunion pensioners lost all of their health and life insurance benefits. The abused workers -- most from hard-hit northeast Ohio, Michigan and neighboring states -- had devoted decades of their lives as secretaries, technicians, engineers and sales employees at Delphi/GM. Some workers saw up to 70 percent of their pensions vanish.
Last year, the Office of the Special Inspector General for the Troubled Asset Relief Program confirmed what Delphi workers maintained from the start: They were victimized because, in the words of the IG, they had "no leverage." No crony ties. No deep pockets. No legal representation during President Obama's closed-door negotiations with Big Labor donors.
As GOP Rep. Mike Turner put it, the IG report gave lie to the White House claim that it did not influence the bankruptcy process. "The administration thwarted the bankruptcy process for a politically expedient outcome," Turner said. Treasury used "their influence to make certain that the outcome was politically desirable to the administration, and the Delphi salaried retirees (lost) their pensions."
The Delphi workers have fought for five cruel years to force Treasury and the PBGC to disclose the full truth. The scheming feds have defied the workers' public records requests and withheld more than 7,000 pages of critical emails and documents from the workers, who've been mired in time-consuming litigation that has cost millions of dollars.
"For more than four years, U.S. taxpayer-paid government lawyers have taken advantage of every procedural roadblock the law allows to hide emails and other evidence that the court has ordered be given to us," the Delphi Salaried Retirees Association explained. "President Obama has ignored our direct appeal that he order a review of his Auto Task Force's handling of our pension plan during the expedited GM bankruptcy directed by Treasury."
But here are some glimmers of hope: Last month, U.S. District Judge Emmet Sullivan in Washington ordered Treasury to cough up documents from Obama's auto team leading up to the termination of the Delphi workers' pensions. And on Monday, U.S. District Court Judge Arthur Tarnow in Detroit ruled that the PBGC can no longer sit on documents requested by Delphi salaried retirees suing for full restoration of their pensions.
Tarnow blasted the feds for their foot-dragging: "PBGC has been under court order since March 9, 2012, to respond to plaintiff's discovery requests and has only asserted boilerplate objections. Filing boilerplate objections to discovery requests is tantamount to filing no objections at all. The court strongly condemns the practice of asserting boilerplate objections to every discovery request." In addition, the inspector general for the PBGC has agreed to a request from House Republicans to investigate federal delays on the workers' pension determinations.
The next time Democrats claim to care about American workers, remember the sacrificial lambs of Delphi, their heartache and their ongoing legal battle against stonewalling bureaucrats. The crony-driven Obama culture of corruption built that.
July 27, 2014, 9:37 pmNow showing in all states.
July 27, 2014, 7:08 pmTry to think of as many people you think that fit the bill.!
As far as the psychology of the unconscious is concerned, lying is a fact of life. But the act of telling lies is something else entirely. When you tell a lie you make a deliberate, conscious effort to deceive someone, and that deception, at its psychological core, is an act of aggression.
This aggression derives from two interrelated unconscious motivations, one about not knowing, and the other about something you do know.
The first motive is a desire to cover up lack—that is, when others, especially your parents, consistently fail to teach you, in a wise and compassionate way, about how the world “works” (both mechanically and emotionally), you can easily develop a feeling of inadequacy. Shamed by what you don’t know, you will want to hide this painful feeling somehow.
The second motive is a response to knowing that someone has failed you in some way. Do you tell lies to your parents? Then you know, deep in your heart, that they won’t, or can’t, care enough about you to give you the family security that you need. Do you tell lies to your teachers or boss? Then you know that they won’t, or can’t, give you the promotion or recognition you desire. Do you tell lies to your friends? Then you know that they won’t, or can’t, give you what you want, whether it be sympathy, or affection, or anything else. Knowing these things, you will want to get satisfaction somehow.
Therefore, your lies become cunning weapons of revenge in a psychological battle to inflict pain on those who hurt you. That is, when someone treats you critically, you feel hurt, shamed, and afraid; and then, as an angry response to that hurt, you will tell lies in a fabricated sense of invulnerability to hide your painful shame while causing injury to that person.
Even a pathological liar carries deep in his heart a desire for goodness and honesty and yet, because of painful emotional wounds, he knows that the world never has recognized his pain. Moreover, he believes that the world never will recognize his pain. And so, to hide that pain from himself, he uses all the lies he can concoct to hurl at the world as he runs in fear from his own goodness. Sadly, his lies end up hurting himself as much as they hurt others.
The only solution to all these lies is to face up to the emotional pain of feeling misunderstood and inadequate. Track that pain back to its origins in childhood and see it honestly for what it was. Understand just how you were ignored or neglected. Understand how much you feared—and still fear—“not knowing” and being abandoned. Understand how you can blame yourself for not knowing. Understand the anger simmering in your unconscious. Understand how you can hurt yourself in the process of giving others what they “deserve.”
Be advised, though, that the truth can be terrifying simply because you are not accustomed to it.
July 27, 2014, 1:44 pmLook who just put his FOOT in his MOUTH>
At 12:44 PM, onlymoney said…
@ speedy, no matter how much evidence you show, these right wing nut jobs will always save face, but fail miserably in the process. And sometimes when I post facts about an LP member, the administrators delete the FACTS because they don't want that individual to get exposed by other members. This site is operates under a Fascist censoring format. It's futile to post anything of value here.
IS he really that juvenile.? Yes, I really think he is. To prove a point):
July 26, 2014, 5:41 pmThe empathy shown by a so called leader?
Consider this: In recent days, a) Malaysia Airlines Flight 17 was shot down, apparently by Russian separatists in Ukraine, b) In the Gaza strip, the numbers killed continued to mount as Israelis and Palestinians exchange rocket fire, c) a huge influx of children fleeing Central American poverty and gang warfare swamped America’s southern border, creating a humanitarian crisis. And, oh yeah, d) Christians living in Mosul were given the choice to either convert to Islam or flee the area they have inhabited for nearly two thousand years.
You know what else has happened during this time? a) Obama played many rounds of golf, b) he attended numerous fund-raisers, c) he dined on barbecue in Texas and burgers in Delaware, and d) he almost appeared on the comedian Jimmy Kimmel’s late-night television show in Hollywood.
I say “almost” because the White House finally relented. “We ultimately elected not to have the president do that interview over the course of this trip,” the White House press secretary, Josh Earnest, conceded. “And that is at least in part related to the challenges of doing a comedy show in the midst of some of these other more serious matters that the president’s dealing with in the international scene.”
Wow, and people actually voted for this person? Congratulations....!
July 21, 2014, 11:07 pm25 Violations of Law By President Obama and His Administration
25 Violations of Law
By President Obama and His Administration
Obama Administration uses IRS to target conservative, Christian and pro-Israel organizations, donors, and citizens.
In an unprecedented attack on the First Amendment, the Obama Justice Department ordered criminal investigations of FOX News reporters for doing their jobs during the 2012 election year.
- President Obama, throughout his Presidency, has refused to enforce long-established U.S. immigration laws. For example . . .
- More than 300,000 captured illegal aliens had been processed and were awaiting deportation. But, incredibly, Obama stopped these deportations and ordered the U.S. border patrol to release many of these illegal aliens in violation of law and without explanation.
- Congress rejected Obama's so called DREAM ACT – which would have granted permanent residency to many illegal aliens. So Obama enacted his own version of the DREAM ACT by Executive Order, thus directly defying Congress. According to Obama's Executive Order, illegal aliens can stay in America if they are under the age of 30, have been in America for at least five years, are enrolled in school or have graduated from high school, and have committed no felonies.
Obama has refused to build a double-barrier security fence along the U.S.-Mexican border in direct violation of the 2006 Secure Fence Act. This law requires that "at least two layers of reinforced fencing" be built along America's 650-mile border with Mexico. So far, just 40 miles of this fence have been built – most of it during the Bush Administration.
Obama's unconstitutional assault on your Second Amendment Right to Keep and Bear Arms.
President Obama issued, in one day, 21 separate Executive Orders that attack and undermine your Second Amendment right to keep and bear arms.
Especially egregious is President Obama's Executive Orders amending the ObamaCarelaw to allow doctors and hospitals to investigate which patients own a gun. This outrageous Executive Order could allow the federal government to track and monitor law-abiding gun owners simply because they sought medical care.
Obama's assault on Christians and religious freedom.
Obama's Health and Human Services Department has, on its own (without Congressional approval), issued a mandate that all health insurance plans must include coverage for abortion-inducing drugs. As a result, pro-life employers and taxpayers are now effectively required by law to pay for abortions.
This mandate is an unconstitutional attack on the protections for freedom of religion and freedom of conscience in the First Amendment and the 1993 Religious Freedom Restoration Act. This mandate also directly violates the ObamaCare law enacted by Congress, which prohibits any and all taxpayer funds from being used to pay for abortions.
Obama forced ObamaCare on an unwilling public through bribery and lying about its cost.
Obama managed to secure passage of ObamaCare by one vote in the Senate by bribing senators. He bribed Senator Ben Nelson of Nebraska with the notorious "Cornhusker Kickback." He bribed Senator Mary Landrieu with the infamous $300 million "Louisiana Purchase."
In addition, Obama knowingly and blatantly lied to America and to Congress about how much ObamaCare would really cost. The cost of ObamaCare to the American people over the next 10 years will not be less than $1 TRILLION, as Obama promised in his nationally televised speech to the nation. Instead, the real cost of ObamaCare to the Federal Treasury is $2.4 TRILLION, according to the non-partisan Congressional Budget Office.
But the true cost of ObamaCare is more like $10 TRILLION when you factor in the cost to the states, the cost to individual Americans who are now required to purchase Obama-approved health plans (the "Individual Mandate"), the cost of exploding health insurance premiums, the $716 billion ObamaCare steals from Medicare, and the increased cost to businesses of complying with ObamaCare mandates.
Operation Fast & Furious.
"Operation Fast & Furious" was the Obama Administration's gun-running scheme that put thousands of American-made semi-automatic weapons in the hands of Mexican drug cartels and resulted in the death of at least one U.S. Border Patrol Agent, Brian Terry. Obama's Attorney General Eric Holder lied to Congress and the public, claiming he didn't know about his Justice Department's Fast & Furious operation.
Congress has now held Holder in contempt for defying congressional subpoenas and refusing to turn over thousands of Justice Department documents on Fast & Furious. President Obama asserted Executive Privilege to try to protect Holder. But for Executive Privilege to apply, Obama would have had to have known about Fast & Furious, making the President as culpable as Holder.
Investigators suspect that Fast & Furious was an effort by the Obama Administration to discredit lawful gun ownership in America by purposefully creating gun crimes, thus inducing public outcry for gun control. When it put thousands of semi-automatic weapons in the hands of Mexican drug cartels, the Obama Justice Department knew these guns would be used to commit crimes, perhaps even kill some Americans. Then Obama could say: "See how dangerous these guns are. We must ban them."
"Federal Communications Commission (FCC): Regulated the Internet despite a court order from the Circuit Court of Appeals for Washington, D.C. stating that the FCC does not have the power to regulate the Internet." (SOURCE: Report from Nine State Attorneys General)
"Environmental Protection Agency (EPA): Imposed Cross-State Air Pollution Rules on the state of Texas at the last minute and without an opportunity for Texas to respond to the proposed regulation. EPA overreach was based on a dubious claim that air pollution from Texas affected a single air-quality monitor in Granite City, Illinois more than 500 miles and three states away from Texas." (SOURCE: Report from Nine State Attorneys General)
"Department of Justice (DOJ): Rejected state voter ID statutes that are similar to those already approved by the Supreme Court of the United States. DOJ ignored section 8 of the Voting Rights Act which calls for protections against voter fraud, and used section 5 to administratively block measures to protect the integrity of elections passed by state legislatures." (SOURCE: Report from Nine State Attorneys General)
"DOJ: In violation of 10th Amendment, sued to prevent Arizona from using reasonable measures to discourage illegal immigration within its borders. Arizona has a large number of illegal immigrants, compared to other states, and needs to be able to act to reduce the number." (SOURCE: Report from Nine State Attorneys General)
"DOJ: Went to court to stop enforcement of Alabama's immigration reform laws, which require collection of the immigration status of public school students, require businesses to use E-Verify, and prohibit illegal immigrants from receiving public benefits." (SOURCE: Report from Nine State Attorneys General)
"White House: Made "recess appointments" to the National Labor Relations Board and Consumer Financial Protection Bureau when Congress was NOT in recess. The Obama Administration has ignored the ruling by the D.C. Circuit Court of Appeals that the appointments are unconstitutional." (SOURCE: Report from Nine State Attorneys General)
"Equal Employment Opportunity Commission (EEOC): Interfered with a Michigan church's selection of its own ministers by trying to force the church to reinstate a minister who was discharged for her disagreement with the religious doctrine of the church." (SOURCE: Report from Nine State Attorneys General)
"Department of Energy (DOE): In 2009, the Obama Administration arbitrarily broke federal law, violated various contracts, and derailed the most studied energy project in American history at Yucca Mountain by denying it a license, thus costing the American people more than $31 billion." (SOURCE: Report from Nine State Attorneys General)
Department of the Interior (DOI): Forced Glendale, a family-oriented town in Arizona, to become another Las Vegas against its will by granting "reservation status" to a 54-acre plot in the town, where the Tohono O'odham Indian Nation plans to build a resort and casino." (SOURCE: Report from Nine State Attorneys General)
Without Congressional approval, Obama gutted the work requirement for welfare recipients passed by Congress and signed into law by President Bill Clinton.
In the bailout of General Motors and Chrysler, Obama illegally shortchanged bond holders in favor of Labor Unions, despite U.S. bankruptcy laws that specify that bond holders be first in line to be paid back.
Eager to use the killing of Osama bin Laden for political gain, Obama exposed the identity and method of operation of the Navy SEALs team that conducted the operation in Pakistan, thus exposing its members to a lifetime of risk because they have been targeted for assassination by Islamists. A short time after Obama exposed the Navy SEALs' method of operation, 22 SEALs were shot down and killed in Afghanistan. It is a violation of law for the President or any American to reveal classified military secrets.
President Obama established an extra-constitutional top secret "kill list" of people (including Americans) who can be summarily killed on sight – presumably by drones -- without due process. Once on Obama's kill list, an American citizen can be targeted and executed on the opinion of a single government bureaucrat. That's not how our legal system is supposed to work.
Obama Administration officials twisted the arms of defense contractors to not issue layoff notices in October of 2012 so as to avoid causing bad news for Obama right before the election — even though federal law (the "WARN Act") requires such notices. ; Not only is this a violation of the WARN Act, it's also an unlawful use of federal officials for campaign purposes.
President Obama intervened militarily in Libya in 2011 without the Congressional approval required by the War Powers Act.
Obama knowingly lied to Congress and the American people about the killing of U.S. Ambassador Chris Stevens and three other Americans in Benghazi, Libya. The President and his representatives repeatedly said an anti-Islamic video sparked a spontaneous uprising in Libya that resulted in the killings even though Obama knew that the attack was a well-planned military-style assault by al Qaeda on the anniversary of September 11.
Michelle Obama's family trip to Africa in June of 2011, including a private safari at a South African game reserve, cost American taxpayers $424,000 for air travel alone. Mrs. Obama brought along both her makeup artist and hairstylist, as well as her mother, a niece and nephew, and her daughters, who were listed as "senior staff members."
July 20, 2014, 12:47 pmYou know, they actually do LOOK like this.