It is now common knowledge that General Electric pays either nothing or very little in federal income tax on the profits it makes. It is also common knowledge that Jeffrey Immelt, the CEO of GE, is on the President’s job council and regularly advices the president on business. Crony capitalism is alive and well in the Obama administration.
Not long ago another billionaire businessman snuggled up to the crony in chief, Mark Zuckerburg was seen meeting with the President on numerous events. Today I came across an interesting story:
Even though Facebook (FB) reported $1.1 billion in pre-tax profits from U.S. operations in 2012, it will probably pay zero federal and state taxes—and even receive a federal tax refund of about $429 million—according to a Feb. 14 statement from Citizens for Tax Justice. (source)
I guess it pays to make friends with Obama. Of course this takes money away from the Federal budget and causes our deficit to be at record levels, but who cares about deficits when you can count another billionaire as your friend.
If anyone really thinks Obama is for helping the middle class and wants to take from the “evil rich” to spread the wealth around, you are lying to yourself. Look what the President is doing for spring break, playing golf with middle class hero Tigger Woods. Michelle was so happy about it that her and the girls are in Colorado skiing.
President Obama does not care about the middle class. He does not care about the poor. He definitely does not care about the United States of America. All he cares about is himself. President Obama is just another selfish politician that will say what ever you want to hear so that you will cast your vote for him. He does not care if you are struggling to pay your bills, as long as he gets to rub elbows with famous people like Tigger Woods, Beyonce and Mark Zuckerburg.
Tuesday marks the 1,350th day since the Senate passed a budget. The law requires Congress to pass a budget every year, on the grounds that Americans deserve to know how the government plans to spend the trillions of taxpayer dollars it collects, along with dollars it borrows at the taxpayers’ expense. But Majority Leader Harry Reid, who last allowed a budget through the Senate in April 2009, has ignored the law since then.
There’s no mystery why. The budget passed by large Democratic majorities in the first months of the Obama administration had hugely elevated levels of spending in it. By not passing a new spending plan since, Reid has in effect made those levels the new budgetary baseline. Congress has kept the government going with continuing resolutions based on the last budget signed into law.
While Reid has forbidden action, the House has passed budgets as required. Senate Democrats have been highly critical of those budgets, designed by House Budget Committee Chairman Paul Ryan. But under Reid’s leadership, Democrats have steadfastly refused to come up with a plan of their own.
Yet some how the lunatic left will still blame Republicans for this.
There has been a very small amount of talk from some Keynsians that Paul Krugman should be Sec Treasury. In response Mr Krugman replied:
“Yes, I’ve heard about the notion that I should be nominated as Treasury Secretary. I’m flattered, but it really is a bad idea,” writes Krugman.
Now this statement is made in light of the fact that our current Sec Treasury was found to have not paid his taxes and has gone on to see the largest increase in national debt in any 4 year period of time. I would rather see Berny Madoff as Sec Treasury than see what damage Krugman would do.
Thank you President Obama for not making this mistake.
Let me be clear, I do not support default on the debt and we should never default on the debt and the only players who are threatening to default are President Obama and Harry Reid. This is an issue, and earlier in the show you played the President threatening default. In any given month tax revenue are 200 billion and interest is 30 or 40 billion. There is it plenty of revenue to service the debt and any responsible President would’ve stood at that podium and said ‘whatever happens with the debt ceiling, we will always pay our debt. We’ll never default on the debt’ and the reason the President isn’t doing that is he’s trying to scare people and raise the specter of financial apocalypse.” – Sen. Ted Cruz (R-TX) on Fox News Sunday 1/6/12
It’s good to hear some common sense coming from a politician.
Ever since Nancy Pelosi and Harry Reid took control of the US Congress there has been a “kick the can down the road” mind set to dealing with problems. I know that both of them, and the majority of congress, are too old to care about paying the bills for the votes they are buying today, but this style of governing is going to destroy our country.
There was hope that when the GOP took the majority in the House that Mr Boehner would stating making real decisions, that has proven wrong. Once Harry Reid made the decision to not vote on any budget passed by the house, or vote on any budget cut bills, we have been stuck with the status quo created during the DNC majority in congress.
(side note: It is amazing how the media has trained Americans to think of the GOP as the do nothing party when it is the DNC that has done nothing since 2009-2010, when they had control of both houses of congress and the White House)
Now I would like any one that voted for Barack Obama in November to look at their next paycheck. Notice something? That’s right, your taking home less. In order to try and buy votes he got congress to cut employees contribution to Social Security from 6.2% to 4.2%, so we paid less to Social Security for the last two years. As of Jan 1st 2013 our contribution now goes back to 6.2%.
If the President really cared about the middle class that 2% reduction would have been a permanent change,not a 2 year “kick the can” plan.
So for all those that voted for Barack Obama, thank you for the reduction in pay.
Oh, and a little advice, don’t get used to what you make as it will continue to decrease as long as he is President and Harry Reid refuses to bring House bills up for a vote. Once they tax away the wealthy they will come for the middle class and those taxes will increase before long.
So here we are, Americans gave Harry Reid another Democrat majority in the Senate and a Democrat in the White House to pass what ever bills he wants. Once the Democrats get the GOP to fold on the fiscal cliff they will strong arm them to regulate the internet. Well done American voters that gave your vote to President Obama and any Senate Democrats, it is your votes that will kill the internet.
There are two things I learned from the 2012 elections, well more like 100 but I want to look at just two of them today.
First, the JFK mind set of “Ask not what your country can do for you, but what you can do for your country” is dead. The majority of voters in America only ask what they can get from their country and have no desire to help.
But more importantly I have learned that people love an optimist. As a conservative I have spent a lot of time pointing out the flaws in Keynesian theory or the progressive plans for the economy, with no real objections from others. Yes, I get bumper sticker slogans from some, but none offer real arguments that can prove the rationale behind the Keynesian model. Then I learned that most people do not care about what is wrong with the current government plans. I also pointed out the flaws of the policies of the Democrats in Washington and how they will lead to bigger problems down the road, and again I learned know one cares about what the Democrats are doing wrong.
What I learned was people want to hear positive ideas. They want people to say “this is how we can fix the problem”. So I propose that conservatives need to put forth detailed plans to fix the economy and fix the police state and then let others try and stop us.
I am calling out to any conservative representatives in Washington, no matter what party you are in, step forward with a real plan to fix a problem. Tell people how they will benefit from your solution, and how they will benefit immediately. We are in a “taker” civilization with a “microwave” patience threshold, we need to give them solutions and we need to tell them how they will benefit immediately.
Conservatives need to learn that the majority of Americans do not care about long term solutions that call for them to sacrifice today to create a solid foundation for tomorrow. They want to reap the benefits of a harvest before the crops are planted. We need to find a way to make them feel like we are harvesting when in reality we are planting the seeds needed to save out country.