Video: Conservatives “Do The Math”, Discover Obama’s Full of Crap

Via iOWNTHEWORLD this Crossroads GPS video says, YOU do the math, Mr. President:

In making his case for higher taxes on the wealthy, Monday, Obama said, “this is not class warfare. It’s math. Obama, always looking out for “the little guy”, wants to make sure that the uber rich, like Warren Buffet, are not paying less in taxes than their secretaries. I mean, who can disagree with that?

Freddie Freddoso, for one., because, guess what? The math says Obama’s speech was class warfare:

In 2009, about 237,000 individual income tax filers reported adjusted gross income of $1 million or more. Taken together, these filers — families and small businesses — made a grand total of $722 billion, and paid $178 billion of that in income taxes.

Their effective federal income tax rate was 24.6 percent, between three and four times the effective rate on middle-income families that pull in $50,000 to $75,000 per year.

This million-plus crowd — who comprise less than 0.2 percent of all taxpayers — made 10.6 percent of all income in 2009 and paid 20.5 percent of all individual income taxes.

To be sure, the wealthy can and should pay more in taxes than the poor. The point here is that they already do pay more — a lot more. So when we discuss tax increases on the wealthy, we aren’t really talking about whether we should be letting “millionaires and billionaires” slide on their obligations to society.

At the American Spectator, Peter Ferrara an through Obama (and Buffet’s) “calculated deceptions”:

Even before you were elected, Mr. Obama, under the tax policies adopted by President Reagan, House Speaker Newt Gingrich, and the much vilified President George W. Bush, official IRS data for 2007 showed that the top 1 percent of income earners paid more in federal income taxes than the bottom 95 percent combined! The top 1 percent of income earners that year earned 22 percent of income but paid 40.4 percent of total income taxes. When Reagan became President, the top 1 percent paid 17.4 percent of income taxes, as I note in my recent book, America’s Ticking Bankruptcy Bomb. As Jack Kemp used to say, if you want to soak the rich, cut tax rates. Moreover, the bottom 40 percent plus of income earners now pay no federal income tax on net as a group.

So if “the rich” are not paying their fair share, Mr. President, what would that fair share be? Based on these official facts, for you to run around the country telling America that we could have jobs and balance the budget and solve the debt crisis you are creating if the rich would just pay their fair share of taxes only demonstrates that you are not qualified to be President. Either you don’t understand the basics of America’s tax policies even after you have been President for three years, or you are engaged in calculated deception thinking your fairy tale will fool enough gullible people that you can be re-elected despite an economic record so bad that it is threatening to rival the Great Depression.

As the Wall Street Journal further explained yesterday, in 2008 official IRS data shows that taxpayers earning over $1 million paid an average federal income tax rate of 23.3 percent. Those earning between $500,000 and $1 million paid an average federal tax rate of 24.1 percent. As the Journal further elaborated, “that is more than twice the 8.9% average rate paid by those earning between $50,000 and $100,000, and more than three times the 7.2% average rate paid by those earning less than $50,000. The larger point is that the claim that CEOs are routinely paying lower rates than their secretaries is Omaha hokum.”

Actually it is a Warren Buffett scam. His company that made him rich, Berkshire Hathaway, itself is a sophisticated tax shelter. If tax rates are raised, that will only lead more of the wealthy to flee to investing in his company to avoid the abusive multiple taxation. The IRS claims that Buffett’s company owes a billion dollars in back taxes. If Buffett thinks the rich don’t pay their fair share, why is he fighting this? Why doesn’t he just pay his fair share as required under current law?

Buffett is just playing all of us like President Obama is. What a disgrace that our public debate has fallen this low, to this level of rank, manipulative dishonesty.

The Weekly Standard, too did some math: Top 0.1 Percent Pays More Income Tax than Bottom 80 Percent:

In 2010, according to the TPC, Americans in the lowest quintile of income-earners — the bottom 20 percent — paid minus-3.8 percent of the total federal income tax burden. In other words, they got more back, in income tax credits and the like, than they paid in. Similarly, those in the second quintile paid minus-4.3 percent of the total federal income tax burden — so they, too, weren’t paying into the income tax till but rather were taking out.

Those in the middle quintile — pretty much the center of the middle class (this quintile had an average income of $44,000) — paid 3.9 percent of the total federal income tax burden (about $1 of every $25 dollars in income taxes paid nationwide). And those in the fourth quintile — whose income ranged from $58,000 to $102,000 — paid 15.1 percent of the total federal income tax burden.

So, all told, the 80 percent of Americans whose income placed them in one of these first four quintiles of income-earners combined to pay 10.9 percent of the total federal income tax burden. Put otherwise, this 80 percent of the citizenry paid about $1 out of every $9 that was paid in federal income taxes nationwide.

Meanwhile, Americans in the highest 0.1 percent of all income-earners — these are the very rich, with incomes of at least $1.974 million — paid 16.4 percent of the total federal tax burden. Essentially, one out of every $6 paid in federal income tax was paid by this 0.1 percent of the citizenry.

In other words, the top 0.1 percent paid more toward the workings of government than the bottom 80 percent did. That’s despite the fact that the bottom 80 percent collectively made more than six times as much money as the top 0.1 percent did.

Obama also had the audacity to slam crony capitalism and “special interests” in his tax hike speech, conveniently forgetting to mention Solyndra, GM, and GE, :

Part of President Obama’s tax hike speech focused on corporations with the “best lobbyists” ending up getting preferential treatment. Despite his concern with “special interests”, President Obama neglected to mention the Solyndra scandal which appears to be rife with favors for the “green jobs” special interest company.

Does anyone but the most brain dead drones still buy this B.S. this guy peddles?

UPDATE:

Obama: We Are In ‘A Battle For The Hearts And Minds Of Americans

Minds?

Share

Video: Ted Nugent On The DOJ’s Gibson Guitar Raids: “Illogical, Anti-American, and Contrary to the Claims of Creating Jobs…”

Here’s some red meat for you, (probably venison, knowing Ted) this Wednesday afternoon:

Nugent,  appearing on Fox Business with Lou Dobbs, today, said the “abuse of power and corruption” we’re seeing from this administration is “heartbreaking and frightening”. The raid on Gibson guitars, he believes, is “illogical, anti-American, and contrary to (the Obama Administration’s) claims of creating jobs”. “Life as we know it would be worthless without Gibson Guitars, know that, Nugent exclaimed.

He went on to say, “This is going to come to an end -we’re going to vote these punks out of office!”

One of the organizers for the Stand With Gibson Guitars rally in Nashville, October 8th, needs to get Nugent on the horn, stat, and invite him to the rally.  Who would be a more perfect spokesman for the cause?

See Also:

Big Hollywood:BigDawg Spotlight: Singer/Songwriter Nathan Picard Weighs In On Gibson Guitar Raid

Hat tip: Brian B.

Share

Video: Obama Throws Some Global Warming Alarmism In His UN Speech

The President felt the need to push global warming alarmism in his speech  to the United Nations General Assembly, Wednesday, Sept. 21.

. . .To preserve our planet, we must not put off the action that a changing climate demands. We must tap the power of science to save those resources that are scarce. Together, we must continue our work to build on the progress made in Copenhagen and Cancun, so that all of the major economies here today follow through on the commitments that were made. Together, we must work to transform the energy that powers are economies, and support others as they move down that path. That is what our commitment to the next generation demands.

Video via The Blaze:

RELATED:

Watts Up With That: Climate Craziness of the Week – have we had our fill yet?

From Reuters:  The sky will soon be full, view it while you can.

“At present emissions levels, in less than 20 years the sky would effectively be full”

Analysis: Extreme steps needed to meet climate target

At present emissions levels, in less than 20 years the sky would effectively be full, meaning every extra tonne of carbon dioxide (CO2) emitted would have to be removed to stay within safer climate limits, one lead author says.

They REALLY think we’re stupid.

Share

Gaffe-tastic Pic of The Day

This photo is so egregious, Zombie thought it was a photoshop, at first:

The photo began to circulate on the blogs, last night, showing Obama at the “Open Government Partnership” conference raising his hand to block the face of another world leader, Tsakhia Elbegdorj, the president of Mongolia.

Here’s a link to the MSNBC photoblog.

Now,  we know that if President Bush had done anything like this, he would have been mercilessly ridiculed for months. But it would have been unfair.

It looks like Obama was trying to get someone’s attention, (perhaps during a break in the picture taking?), but a photographer snapped away, and caught him in this awkward pose. You can tell by his face, he wasn’t expecting to be photographed, because if he was, he’d be flashing his well practiced, world-class grin.

One thing it does sort of signify, though, is his total disregard for the person standing next to him. He could have raised his hand a little closer to his head, thus not blocking the President of Mongolia.

So –dumb pic. Definitely a gaffe. But honestly, there are much bigger and better things to be hitting him on.

Exit question: I wonder if Attaaaack Watch will put out an official correction to let the masses know Obama wasn’t really waving to say “hi!” and intentionally blocking Elbegdori.

UPDATE:

Gateway Pundit: YES IT’S REAL – Obama Waves During Pictures at the United Nations …Here’s the Video:

Video of Obama – yes – briefly waving his hand to say “hi” to someone, at link.

Share

We Stand With Gibson Guitars Rally Oct. 8

A coalition of 26 Tea Party and Conservative groups from across the US will be hosting a rally in support of embattled Gibson Guitars, next month.

As you may know,  Gibson Guitars was recently raided by Holder’s Justice Department  over the type of wood it uses in guitars.

Henry Juszkiewicz, Chairman and CEO of Gibson Guitar Corp. held a press conference to explain the situation.

The Wall Street Journal expanded on the story.

Gibson Guitar Corp., a big user of ebony and other scarce woods, for years has allied itself with Greenpeace and other environmental groups to show it was serious about preserving forests.

That didn’t stop the Nashville-based company, whose guitars are used by such musicians as B.B. King and Angus Young of AC/DC, from running afoul of U.S. authorities over allegedly illegal imports of wood. Though no charges have been filed, Gibson factories have been raided twice, most recently last week, by federal agents who say ebony exported from India to Gibson was “fraudulently” labeled to conceal a contravention of Indian export law.

Henry Juszkiewicz, chief executive officer of the closely held company, said in an interview that a broker probably made a mistake in labeling the goods but that the sale was legal and approved by Indian authorities.

The “We stand with Gibson” rally is scheduled for October 8th, in Nashville, TN. Speakers include Gibson President Henry Juszkiewicz, Representative Marsha Blackburn, and talk radio hosts Steve Gill, Phil Valentine and Mark Skoda.

Speakers will include Gibson CEO Henry Juszkiewicz, and Congressman Marsha Blackburn, along with special guests Talk Radio Hosts Steve Gill, Phil Valentine, and Mark Skoda and Amy Kremer, Chairman of the Tea Party Express.

If you can help with the rally or you need additional information or maybe you know an artist who would be kind enough to perform please send us an email to: GibsonRally@gmail.com

Please Note: This event is being organized by concerned citizens and groups across Tennessee, and in fact across the US, who are concerned about the extraordinary abuse of power represented by the raid of the Gibson Company by federal agents.

We Stand with Gibson Sponsoring Organizations

Previously:

Share