You’ve probably heard the same stuff I have about how Mitt Romney’s wealth contributes to him being “unelectable.”
While I’m sure the teenie tiny fraction of Americans that would sooner attend an Occupy rally than buy a coffee at Starbucks would look at Mitt Romney’s wealth and say “I can’t vote for this successful businessman,” I can’t imagine why any normal, thinking American would take that view, especially when the other choice is Barack Obama.
Barack Obama’s net worth is over $10 million. I’ve checked multiple sources on this, and that seems to be a consisted low-end number.
That’s a very high net worth for someone who has never held a real job before.
Of course, the bigger issue here is that in America, why is wealth, and the accumulation of it actually considered to be a bad thing? If you think wealth is a bad thing, then you weren’t gonna support anyone but Obama anyway… because the only wealth that can be ignored by these anti-capitalist voters is the wealth of Democrats who seem to get richer while they keep the poor dependent on the government.
But really, if wealth is so bad to these people, why is Obama’s massive wealth, given his lack of ever having a real private-sector job, not an issue?
Blogs For Victory 
Obama worked a year at Business International Corporation after graduating from Columbia University. Is that not a REAL job?
What are the REAL WORLD jobs that Newt has held?
the first grifters
What is surprising, given the recent controversy over Obama’s membership in the Trinity United Church of Christ, is how little the Obamas apparently gave to charity — well short of the biblical 10% tithe for all seven years. In two of the years, the Obamas gave far less than 1% of their income to charity; in three of the years, they gave around 1% of their income to charity. Only in the last two years have they given substantially more as their income skyrocketed — 4.7% in 2005 and 6.1% in 2006.
speaking of “jobs” baldork how are the pole sitting and basket weaving courses coming at the jr coll?
Michelle Obama earned $12,000 in 2005 and $51,200 for serving as a director at Treehouse Foods Inc., a supplier for Wal-Mart Stores Inc.
The couple earned $2,072 in 2005 from selling 3,400 shares in Avi Biopharma Inc., a Portland, Oregon- based drug company that was working on a treatment for avian flu.
They claimed a loss of $15,208 on the sale of 2,500 shares of Skyterra Communications Inc., a Reston, Virginia-based satellite communications company. The company’s major investors included four friends and donors who raised more than $150,000 for his campaign committees, the New York Times reported a year ago.
Tithing is no longer required. Moreover, if one gives anonymously as suggested in the bible you would not be able to take the money off your taxes.
The students are struggling in the basket weaving class. They made the same simple pre-made baskets over and over in high school, mostly with the teachers help. I demonstrated more complex baskets, involving soaking and more delicate materials and the students refuse to spend the needed time. They put off the soaking of the materials until the last minute and are surprised the needed flexibility isn’t there when they go to weave the basket. Then they ask why I haven’t explained how to make the same baskets they made in high school. I tell them employers don’t pay middle class wages for people to construct pre-made baskets. Those can be done in China.
LOL
I may need one @ easter
Romney has never created anything except wealth.
That may be technically correct, Mitch, but the stockholders and employees of Steel Dynamics about 2 miles from my house would take issue with you.
For that matter, the United States might not even exist were it not for private wealth.
Bmitch/bwany is dat you?
A whole year? WOW! And the rest of us have to work a lifetime just to own a home and achieve middle class status.
Now let’s get to wealth. There isn’t one person on this blog or in the 90% who wouldn’t eat dirt to have 250 million dollars. Good for Mitt and good for anyone who went out and made a vast fortune on their own. And all this howling about Swiss bank accounts and Cayman Island accounts………….I dream of having them!
Chrissy
If you have to work a lifetime to own a home maybe you should buy a smaller home. Maybe you did not work hard enough in high school and picked a poor choice of major in college. I don’t know, but Obama is the one living the American dream.
Matt said Obama never worked a real job. I disproved him and challenged posters on this blog to describe Newt’s real job. Matt is not supporting the businessman nor the medical doctor nor the lawyer. He is supporting a politician who made all of his money via leveraging public service.
LOLzer Bardolf. One year and they paid him how much?? I am sure they knew one day he would occupy the white house so they gave him an exhorbitant salary?
As far as Mitt is concerned, it is not his wealth that makes him unacceptable to many folks. It is his history of doing anything and saying anything in an attempt to be all things to everyone.
You say he has changed, I say he hasn’t.
The point is Obama had a REAL job before law school, community service and politics. Newt did not.
Ron Paul was a medical doctor who assisted in thousands of births and was drafted in the military for his medical skills. But he is a racist loon so let’s vote for the RINO’s.
baldork
it is not the Fig (newt) who is playing class warfare it is barry and the Mooch.
typical lefty deflect from the real argument. alinsky 101
But he is a
racistloon so let’s vote for the RINO’s.RINOS ? LOONS? marxist muslin usurpers ?
choices choices.
baldork
The former Georgia Republican congressman, who now lives in Virginia, holds no fewer than 25 current titles, positions, and occupations, according to a review of public records and filings as well as his various official biographies.
to Ochimpy’s 1 AA “job” LOL
Oh
and the Mooches $350,000.00 AA political hack “job”
Neoconehead
The Newt got destroyed in the conservative press for playing class warfare.
bardolf: I loved working. I would have worked until I was 90 if cancer hadn’t got in the way. I love my home, my tennis courts, my swimming pools, my stables, my 8 garages full of classic cars. Newt worked. Why criticize Newt when you don’t criticize Obama?
PS: I was just kidding about the stables.
Chrissy
I don’t know why Matt needs to pretend that Obama deserves his money less than Newt. This REAL job schtick is liberal thinking. Public jobs are jobs, CEO is a job, soldier is a job, … Separating people according to races or what kind of work they do etc. Deciding something as REAL work and demeaning other work is better left to the left.
Baldork
how did a mulatto muslim bastard kid end up affording to to go to Harvard?
MUSLIM/ commie handlers and benefactors.
and books written for him by terrorists, land deals with mobsters, and fake AA jobs for the wookie.
where are BOTH of their law licenses eh?
Neo
1. Mulatto is incorrect since he has no Latin blood. Old school ignorance.
2. In the USA your religion is the one you claim, it is not thrust upon you by birthright unless you accept it. Obama not Muslim.
3. Obama knows his dad, who himself went to Harvard, making Obama a legacy in the mold of Bush, Kerrey, Al Franken, …
4. Harvard often employs a blind admissions process wrt money. If you get in, the money is possible.
5. Again a job is a job, calling it AA is liberal talk.
6. The law licenses have been explained, you choose to not like the explanation, it is an unknown occurrence worthy of a conspiracy.
The only conspiracy I find plausible is the ghost written book.
baldork
1.Mulatto denotes a person with one white parent and one black parent, or more broadly, a person of mixed black and white ancestry.[1] Contemporary usage of the term varies greatly, and the broader sense of the term makes its application rather subjective, as not all people of mixed white and black ancestry choose to self-identify as mulatto.
2.Obama’s Kenyan birth father: In Islam, religion passes from the father to the child. Barack Hussein Obama, Sr. (1936-1982) was a Muslim who named his boy Barack Hussein Obama, Jr. Only Muslim children are named “Hussein”.
Obama’s Indonesian family: His stepfather, Lolo Soetoro, was also a Muslim. In fact, as Obama’s half-sister, Maya Soetoro-Ng explained to Jodi Kantor of the New York Times: “My whole family was Muslim, and most of the people I knew were Muslim.” An Indonesian publication, the Banjarmasin Post reports a former classmate, Rony Amir, recalling that “All the relatives of Barry’s father were very devout Muslims.”
The Catholic school: Nedra Pickler of the Associated Press reports that “documents showed he enrolled as a Muslim” while at a Catholic school during first through third grades. Kim Barker of the Chicago Tribune confirms that Obama was “listed as a Muslim on the registration form for the Catholic school.”
3. BO sr died in 1982
4. Muslim – black nationalist money
5.so is delivering news papers, the AA is how you got the “job”
6.BS they were PULLED and now sealed.
7. No GHOST a TERRORIST written book for $$$$$$$$$$$$$$
1. Mulatto is from Spanish no matter what your Stormfront dictionary says.
2. If my dad declared me Muslim or my grandkids baptize me Mormon makes no difference. I am Christian and so is Obama.
3. Not a bastard.
4.Harvard is a private school that can decide which legacy applicants to accept. None of your business.
5. No proof he got jobs based on race. Just envy from white losers.
6. Your opinion.
7 maybe
baldork
WOW
1. Mulatto is from Spanish no matter what your Stormfront dictionary says.
TWO LIES in one sentence
do NOT project websites you hang out on to me, it was a wiki and a dictionary site.
the rest was refuted in 30 seconds.
Neo68
Wikipedia clearly states the term is from Spanish or Portuguese. It also says use of the term is for insensitive clods like yourself.
Whenever Stormfront is brought up you are very vigorous in your denial. Shakespeare would say ‘I think you doth protest too much”!
baldork nice try
a lie is a lie is a lie, to attempt to associate me with that site is beyond the pale.
but do tell me something about your heritage….you seem thin skinned about the proper term mulatto. Have I struck a nerve?
might explain why some dumb azz as you can be a jr college “teacher” AA??
mu·lat·to
[muh-lat-oh, -lah-toh, myoo-] Show IPA
noun, plural mu·lat·toes, mu·lat·tos.
1.
the offspring of one white parent and one black parent: not in technical use.
2.
a person whose ancestry is a mixture of Negro and caucasian.
adjective
3.
of a light-brown color.
http://dictionary.reference.com/browse/mulatto
Holy mule bat man
Definition of MULATTO
1
: the first-generation offspring of a black person and a white person
2
: a person of mixed white and black ancestry
See mulatto defined for English-language learners »
See mulatto defined for kids »
Origin of MULATTO
Spanish mulato, from mulo mule, from Latin mulus
First Known Use: 1593
Other Genetics Terms
chimera, hermaphrodite, plasticity
Rhymes with MULATTO
legato, spiccato, staccato
http://www.merriam-webster.com/dictionary/mulatto
Neo68
Just kidding with you man. I know you are not racist, but since younger called it by so many it must be annoying to you. That makes it especially fun. Know that if I hint at you being racist it is not meant to be serious.
I am white and went to state schools all the way so no AA. In fact I have been in 4 math departments in my life and only 1 had an African American Ph.D on the faculty.
Your fine state has 16 percent population. Go to FSU or UFL math departments and tell me how many blacks on the faculty. Same holds in most of the country.
baldork
ya got got me you Turd…LOL
by the way I drink Michelob Ultra when the Fig wins Fla tomorrow.
We have to remember that dolf loves to nitpick something to death, to show off his “intellectual” identity. And, of course, to be an “intellectual” means to produce nothing but ideas, even profoundly wrong ideas. It is also about thinking that being able to look something up means to know it.
No matter what the origin of the term ‘mulatto” might be, its DEFINITION is what matters. If every word with a Latin or Latino origin is supposed to be used only regarding Latino people, that’s going to be a mess.
Gee, do you think that’s why we stopped calling black people “Negro”? ‘Cause the word comes from the Latin and Spanish word for “black”, or “negro”—pronounced “nay-gro”. ‘Cause it was only supposed to apply to black Latinos?
As for the “Stormfront” comment—repeated in case we didn’t get it—that is just more evidence of the voices in dolf’s head, which seem to tell him only particularly nasty things to say about people.
Of course, now it was just a jest, haha
dolf claims Obama is not a bastard.
Does HE have proof that Stanley Ann and Barack Sr. were ever married? Since we know that he was already married, and know there is no evidence of having divorced Wife # 1, here is a chance for academic dolf to do what academics do, and look up what other people have done, to explain how a bigamous marriage is legal.
Or he can produce proof that there was even a token marriage between Stanley Ann and Barack Sr.—-no one else has been able to find any record of any such marriage.
Perhaps this is why there is also no record of a divorce, prior to marrying Soetero.
@Amy
The stormfront comment came shortly after Mitch dropped the f-bomb racist comment on Neo68. The 68 was a sign to Neo that I was giving him the biz.
The definition of mulatto as one white parent and one black parent is meaningless since the terms ‘white parent’ and “black parent” are meaningless. Mulatto is like calling somebody a half-breed. It’s so silly that you have to be over 65 to use it.
Bastard is another antiquated insult among the geriatric set. That Obama knows who his father was, is enough in polite society.
@Neo
When mittens runs away with Florida tomorrow, I drink Sam Adams.
matt money
think the perceptual argument is not just the money but how they got it
that’s what newt is trying to pin on mitt
the median net worth of most senate/congress members is almost 10x that of the average american
half of congress is millionaire status…..5% of americans can say the same
so you can pick on obama…that’s cool…but you should pick on a few others while you’re at it
at least mitt did real business and even with his m&a rape and pillage….
newt’s dough? mostly politics, graft, glad hand, under the table stuff that you wouldn’t brag about if you did it
obama plays the same game……it’s politics as usual in the u.s.
so i’m surprised you left newt out of your money discussion here….
????
na nu na nu dork
at least mitt did real business and even with his m&a
rape and pillage….stick to what you know KID, cardboard box space ships in mamas basement.
With Romney wealth would be an issue, because Obamacare cannot be an issue. No one believes that Romneycare wouldn’t try to ‘fix’ Obamacare….when you nominate an Obama in Mitt’s clothing, the only difference would be the massive wealth, hence it becomes a defining difference.
we will know in a few days when Fla is in.
The RINO establishment has been a full court perss against Newt and for mittens.
WHY is that?
could it be they can control mitt and the fig is a REAL maverick?
The former speaker also likely draws royalties from the 23 books he has authored or co-authored, 13 of which were New York Times best-sellers, according to his office.
Gingrich, who holds a Ph.D. in modern European history, has also been active with policy think tanks and educational institutions. He is a senior fellow at the American Enterprise Institute, a visiting fellow at the Hoover Institution at Stanford University, and a visiting scholar and professor at the National Defense University.
You weren’t told: Obama’s Harvard moneyman radical muslim/Black Panther ties, tied to Saudi king
http://www.newsmax.com/headlines/obama_sutton_saudi/2008/09/03/127490.html ^
Obama Had Close Ties to Top Saudi Adviser at Early Age
New evidence has emerged that Democratic presidential candidate Barack Obama was closely associated as early as age 25 to a key adviser to a Saudi billionaire who had mentored the founding members of the Black Panthers.
In a videotaped interview this year on New York’s all news cable channel NY1, a prominent African-American businessman and political figure made the curious disclosures about Obama. (See Video Clip Below)
Percy Sutton, the former borough president of Manhattan, off-handedly revealed the unusual circumstances about his first encounter with the young Obama.
“I was introduced to (Obama) by a friend who was raising money for him,” Sutton told NY1 city hall reporter Dominic Carter.
“The friend’s name is Dr. Khalid al-Mansour, from Texas,” Sutton said. “He is the principal adviser to one of the world’s richest men. He told me about Obama.”
Sutton did not say why al-Mansour was helping Obama, how he discovered him, or from whom he was raising money on Obama’s behalf.
Khalid al-Mansour a.k.a. Don Warden
Although many Americans have never heard of Khalid Abdullah Tariq al-Mansour (his full name), he is well known within the black community as a lawyer, an orthodox Muslim, a black nationalist, an author, an international deal-maker, an educator, and an outspoken enemy of Israel.
In a 1995 book, “The Lost Books of Africa Rediscovered,” he alleged that the United States was plotting genocide against black Americans.
According to the Social Activism Project at the University of California at Berkley, Warden, a.k.a. Khalid al-Mansour, was the mentor of Black Panther Party founder Huey Newton and his cohort, Bobby Seale.
Al-Mansour’s more recent videotaped speeches focus on Muslim themes, and abound with anti-Semitic theories and anti-Israel vitriol.
mmmm mmmmm mmmmmm
HERE is WHO bankrolled b HUSSEIN O
United States was plotting genocide against black Americans.
Leftist Margaret Sanger founded Planned Parenthood primarily for that purpose.
http://www.dianedew.com/black.htm
matt neo
think i know m&a just a bit more than you
you’re lucky mitt didn’t get his hands on yours
or you wouldn’t have that union pension and glass of warm milk you’re sucking on
::))
nanu nanu dork
leave your alien hands off my TWO union pensions and warm milk.
however buying FAILED companies and re structuring them to profitable entities benefits all.
NEXT?
CALL us when you see Newt do this………
So you have TWO union pensions, Neocon; nice… you must be pro union, right?
nanu nanu
NOPE they are crooks and cheats. I had to fight them for two years to get the pittance they owed me.
They screw many many people out of their pensions while the fat cats have corporate ivory towers and corporate jets.
They are criminal organizations run by goons and thugs like Ochimpys buds.
We HAD to work union or not work at all (a closed state), one of the reasons I moved to Fla. over 32 years ago.
$400,000.00..
In 2009 the presidential salary for Barack Obama is $400 000 dollars per year.
In other words the president makes 33 333 dollars a month or 8 333 dollars a week.
The president of the United States has always been the highest paid member of the government – that means that no one working for the government has a larger income than the president.
Up until 2001 the yearly salary for president was $200 000 but thanks to a decision approved by the congress and former president Bill Clinton it was raised to 400 000 dollars.
We HAD to work union or not work at all (a closed state), one of the reasons I moved to Fla. over 32 years ago.
The Indiana House passed right-to-work legislation this past week. It’s expected to pass the Senate next week, and Governor Daniels has promised to sign it. Indiana will become the 23rd right-to-work state and the first in over a decade. The unions fought it tooth and nail, and the minority Dems in the state legislature even walked out, getting slapped with $1,000/day fines, in an effort to short circuit the legislation. With close to 80% public support, they finally gave in and agreed to a vote — which they lost.
spook
these “smart” kids dont know that, they are members of the dumbed down public education depts.and only can regurgitate what they have been trained to think like seals.
Neo do you even know who Saul Alinsky was? I mean seriously, you know nothing about him at all. He was not a communist, he was not a socialist rather he advocated a method for the poor and oppressed to improve their lot in life. His methods, btw have been lauded by members of the right and are currently being used by Newt. This claim of your is just another example of your profound ignorance, bais, racism and hatred of everything you don’t understand or disagree with. These insane claims you make about the President just underscore how misinformed you are particularly when you use dubious sources. Larry Sinclair. Gag me. Or rather you. Given a choice between voting for Obama or Himler, you’d choose the later.
Bmitch
. Given a choice between voting for Obama or Himler, you’d choose the later.
1. they BOTH hate Jews.
2. one a muslim, one used muslims to help persecute Jews.
3. They both hate America.
4. one an arion, one a mutt……..
choices choices
Bmitch
Neo do you even know who Saul Alinsky was?
barrys daddy, and hillary’s sugar daddy?
“Obama learned his lesson well. I am proud to see that my father’s model for organizing is being applied successfully beyond local community organizing to affect the Democratic campaign in 2008. It is a fine tribute to Saul Alinsky as we approach his 100th birthday.” –Letter from L. DAVID ALINSKY, son of Neo-Marxist Saul Alinsky
Obama helped fund ‘Alinsky Academy’: “The Woods Fund, a nonprofit on which Obama served as paid director from 1999 to December 2002, provided startup funding and later capital to the Midwest Academy…. Obama sat on the Woods Fund board alongside William Ayers, founder of the Weather Underground domestic terrorist organization…. ‘Midwest describes itself as ‘one of the nation’s oldest and best-known schools for community organizations, citizen organizations and individuals committed to progressive social change.’… Midwest teaches Alinsky tactics of community organizing.”
Hillary, Obama and the Cult of Alinsky: “True revolutionaries do not flaunt their radicalism, Alinsky taught. They cut their hair, put on suits and infiltrate the system from within. Alinsky viewed revolution as a slow, patient process. The trick was to penetrate existing institutions such as churches, unions and political parties…. Many leftists view Hillary as a sell-out because she claims to hold moderate views on some issues. However, Hillary is simply following Alinsky’s counsel to do and say whatever it takes to gain power.
“Obama is also an Alinskyite…. Obama spent years teaching workshops on the Alinsky method. In 1985 he began a four-year stint as a community organizer in Chicago, working for an Alinskyite group called the Developing Communities Project…. Camouflage is key to Alinsky-style organizing. While trying to build coalitions of black churches in Chicago, Obama caught flak for not attending church himself. He became an instant churchgoer.”
——————————————————————————————
“Black theology refuses to accept a God who is not identified totally with the goals of the black community. If God is not for us and against white people, then he is a murderer, and we had better kill him. The task of black theology is to kill Gods who do not belong to the black community … Black theology will accept only the love of God which participates in the destruction of the white enemy. What we need is the divine love as expressed in Black Power, which is the power of black people to destroy their oppressors here and now by any means at their disposal. Unless God is participating in this holy activity, we must reject his love.” – “Divine Racism: The Unacknowledged Threshold Issue for Black Theology”, in African-American Religious Thought: An Anthology, by William R Jones, ed Cornel West and Eddie Glaube (Westminster John Knox Press).
That theology accepts a perverted and wrested interpretation of Jesus Christ where it describes him as a poor black man (or man of color) living under oppressive white European rule (the Romans) and that he was as much about social change and bringing down government as he was about spiritual liberation. He therefore meets Cone’s (and adherants to this perverted view of our Savior) criteria for a God who supports their black power insurgency against what they describe as the ruling rich white men and women in America.
more here
http://www.jeffhead.com/blacklibtheology.htm
This coming from either a liar or a self admitted murderer. Righteous idignation indeed. ROFLMAO!
I see little mitchie has been reduce to another f-bomb dropping lib when he can’t have his way, can’t argue against facts and nobody is buying the latest theme of liberal BS, just like little wally.
These two are examples of the typical liberal mentality. It is pathetic and what is worse, they get to vote.
Clearly mitch has no idea of what a communist, or a socialist, IS. He can’t, and still deny Alinsky’s far Left ideology.
“…he advocated a method for the poor and oppressed to improve their lot in life…”
Oh, BS cubed. What a crock. If you want to boil it down to the basics, that is all Marx, Lenin, Engels, Mao, etc. ever wanted, as well. Just an improved “lot in life” for those “poor and oppressed”. But you are very wrong when you claim he merely wanted a method for “.. the poor and oppressed to improve their lot in life..” What he proposed was for others to do the improving for them—by confiscating and redistributing the property of others, by having those lives controlled by ruling elites because they know better than the individuals themselves what is best for them, and most of all he wrote about how this ideology can triumph over individualism and personal liberty.
His methods, btw have been lauded by members of the right and are currently being used by Newt
More crap.
I’m all for wealthy Americans, I think the tax rates on their investments should be zero so they can stimulate economic growth here in this country…….Wealthy people put there money into stocks and bonds to provide capital for the job creators, in this country…..
That is EXCEPT for those wealthy Americans who park their money in the Cayman Islands to specifically make sure that capital is NOT available to spur economic growth in this country.
Maybe the tax rate on those capital gains and investment earnings should be higher if they aren’t doing what is supposed to be done with that capital that has warranted a lower tax rate.
Maybe the tax rate on those capital gains and investment earnings should be higher if they aren’t doing what is supposed to be done with that capital that has warranted a lower tax rate.
Where do you find that in the Constitution, Doug? And are you suggesting that Romney should direct the administrator of his blind trust to put his money in certain investments and institutions? Because I think that would be illegal.
Spook, not sure what you’re saying there. I was referring to the reasons why we have a reduced rate on capital gains and dividend income. While I would prefer that money be only taxed once and have a zero rate, the issue is that when they reduced those rates it was to spur economic investment in our country.
It just so happens that when someone used the Cayman banking system it was to specifically use that capital for overseas investment earnings, to make it available there, rather than to spur economic growth here. They already said that.
All that I am suggesting is that if a law is made with a particular rationale behind it, then maybe they should take into consideration the law of unintended consequences and fix that law.
I don’t understand what the constitution has to do with that at all. They already offer domestic production tax credits, I would assume that they could easily and constitutionally alter the law to meet their stated purpose behind it.
If a blind trust administrator needs to adjust the portfolio based on different tax rates, then that is fine.
I am interested in the answer to that too. Why, in your opinion Doug, should the federal government have any say in how anyone invests thier own money?
The Cayman Island meme is getting so old already, it is no tax haven for investers fom the United States.
It is a cold day in hell folks.
GMB,
They already do. And they use tax policy to affect investors. Whether it’s dividends, capital gains, tax-free vs. non-tax free bonds. Whether it’s capital investments in equipment or investments in labor domestically vs. overseas. All of that is in the tax code, has been changed over the years, and no one has ruled any of it unconstitutional.
So, in my opinion, if they already do it and there is no chance to force them not to do it, then they should do it well, rather than do it poorly.
I don’t know if you understand my point on the Cayman Island thing…..I’m not questioning whether it’s a tax haven. What Romney has said is that they put the money there to make it available to earn higher income for themselves by having it in a place that was available for foreign companies to be able to use the capital.
Do you see? It was put there so that only foreign entities could use the capital for economic growth.
The purpose of the 15% tax rate was to spur investment to help our economy. However, the tax law ended up making it easy and profitable for people to use their capital to help foreign economies rather than our own and still get the lower tax rate that was meant to be used to help investment in our own economy.
You can get tax credits for purchases of green items, insulation, dozens of things, all of which the feds say they would like you to invest in. Then why, if the stated reason is to stimulate job creation in this country, do they have a law that allows earnings sent overseas to be taxed at the same capital gains rate? It would seem obvious to me that they messed up and probably should have left capital gains earned on foreign investments to be unchanged.
Again, it is Mr. Romney choice on what to do with his money. It already has been taxed once and will be taxed again. Enough with the taxes, this country has a spending problem.
TEA.
How much power are you willing to give the federal government over somebody elses money? If you are envious of Mr. Romney’s wealth, instead of taking it away from him, I suggest you go catch some fish of your own, go bake a pie or two of your own.
You will feel much better afterwards knowing that you have accomplished something.
The purpose of the 15% tax rate was to spur investment to help our economy. However, the tax law ended up making it easy and profitable for people to use their capital to help foreign economies rather than our own and still get the lower tax rate that was meant to be used to help investment in our own economy.
Doug, if there is a stated purpose (which a lengthy Google search has failed to find) that specifically says that, then why was it not incorporated into the law? That makes absolutely no sense. Can you cite some section or phrase from the U,S. tax code that backs up your claim?
GMB,
I don’t have a problem with Romney’s wealth, I have a problem with a tax code that isn’t fair. And just to make sure we are on the same page here and you don’t go off on a tangent, I think it’s unfair because people who earn more have to pay a higher tax rate than those who earn less.
What I don’t like about it, is that our tax code is unfair towards domestic businesses. It allows for wealthy people who just happen to have a lot of assets, to make more money investing in foreign companies because of a regulatory advantage in another country. It is not ‘free trade’. In order to give our businesses (or another way to put it, our citizens) a level playing field, we have to offset the regulatory advantages that businesses have in other countries. One way to do that is to reduce our regulation, another to reduce taxes on domestic businesses. Another is to have a lower tax rate for income produced via domestic businesses than on foreign ones.
I have no problem with a wealthy person choosing to invest their money outside the country to benefit foreign companies…..except if that person is running for President. In that particular case you have to make sure his priority is this country’s citizens and businesses and not some other country’s. However, again, why do we have a regulatory environment coupled with a tax environment that gives an advantage towards investing in foreign investments rather than domestic ones?
As much as you want to argue free and open trade, it just isn’t. Free trade would be if there was an equal opportunity to gain competitive advantage. This environment is creating the advantage through regulatory means therefore we must look towards advancing through free trade by altering either regulatory or tax practices here.
Neo, I think we found the bomber in person here. No if we could just find that tail number. 😛
http://www.fox11az.com/news/local/MCSO-Obama-fanatic-threatens-to-kill-Arpaio-138229079.html
Say it aint so Joe, say it so! This from a Darth Flipflop supporter.
She’s good looking, but she sounds kind of dumb.
1369
the best kind 🙂
I got an interesting email today about Mitt Romney’s character.
My first thought was to check Snopes, and they say this story is true.
Sure character does count if you are a fringe, over principled, looking for the perfect candidate, person like me. That is a beatiful story Spook about a man who help rescue an employees child.
However if that character should count as a plus for Mr. Romney why should the character trait of changing so many positions not count?
I don’t need to explain these away. One hundred and two (102) examples of Mr. Romney saying or doing opposites on the exact same subject.
http://www.multiplechoicemitt.com/
Waddayamean? It’s the Republican way. They invent Cap n Trade, now they hate it. They invent the healthcare mandate, now they hate it. They hate voter fraud and then.. Iowa! They hated bailing out GM WHILE they were doing it by executive order, no Congress necessary.
Who better to represent them than Romney? Gingrich, who did commercials with Pelosi? Bwahaha!
That is a great story about Romney, and gives me another reason to feel better about my support for him, but unfortunately the only way in which a highly principled voter could support Romney is if he would have emerged from the womb with steadfast conservative principles having taken the right position on every issue and having never once wavered. That is the sign of a true conservative, right GMB?
Womb to Tomb principles!!! Any second thoughts or introspection is just weakness!
Even Ronald Reagan was a Democrat at one point.
blowzo
sounds like YOU invented everything you just posted……
Straw man city, here. No one with a “real job” ever made ten million dollars like Obozo. Ever.
“Real GOOD jobs” pay $30 a hour, times 40 hours a week times 50 weeks a year. That’s $60,000 a year…not bad if you can get it, right?
Subract 25% taxes, and that leaves $45,000. It would take 44 years if you saved FIFTY PERCENT of everything you made to amass a single million dollar savings account. Used to be a house would help build wealth, but now it can kill wealth as good as make it. Don’t have kids, don’t get sick, don’t drive a nice car, or there goes the million.
That’s a very high net worth for someone who has never held a real job before. Uh, no. That would be an extremely high net worth for someone WITH a real job.
bozo,
Well once again I am unable to wade through your brain damage and really have no idea what you meant in this post, although I am pretty sure it entails the usual pity party for those “suffering” Americans because I know how much you care. But maybe you can repost in English so that one could properly comment. Any chance of that?
Blowzo
No one with a “real job” ever made ten million dollars like Obozo. Ever.
BINGO….
The other day Mitch and I got on the topic of religion and I contended that atheism takes a greater leap of Faith than anything I could imagine – well I came across this definition of atheism which I think is spot on:
Atheism
The belief that there was nothing, and nothing happened to nothing and then nothing magically exploded for no reason creating everything, then a bunch of everything magically rearranged itself for no reason whatsoever into self replicating bits which then turned into dinosaurs.
Sound about right?
Here is the relevant part of that quote by Hoyle:
“If you stir up simple nonorganic molecules like water, ammonia, methane, carbon dioxide and hydrogen cyanide with almost any form of intense energy … some of the molecules reassemble themselves into amino acids … demonstrated … by Stanley Miller and Harold Urey. The … building blocks of proteins can therefore be produced by natural means. But this is far from proving that life could have evolved in this way. No one has shown that the correct arrangements of amino acids, like the orderings in enzymes, can be produced by this method. …. A junkyard contains all the bits and pieces of a Boeing 747, dismembered and in disarray. A whirlwind happens to blow through the yard. What is the chance that after its passage a fully assembled 747, ready to fly, will be found standing there? So small as to be negligible, even if a tornado were to blow through enough junkyards to fill the whole Universe.” (Hoyle, F., “The Intelligent Universe,” Michael Joseph: London, 1983, pp.18-19).
Obombas war has started……..
‘Kill the Police’: Cops Arrest Hundreds of Occupy Oakland Protestors After Street Clashes
Rubber bullets, tear gas, and lots of baton
————————————————————————————-
Im with HIM!!
Allen West to Obama, Reid, Pelosi: ‘Get the Hell Out of the United States of America’
“Yeah I said ‘hell.'”
Camon Allen RUN !!!
Take your message of equality of achievement, take your message of economic dependency, take your message of enslaving the entrepreneurial will and spirit of the American people somewhere else,” he continued. “You can take it to Europe, you can take it to the bottom of the sea, you can take it to the North Pole, but get the hell out of the United States of America.”
As the audience cheered and many rose to their feet, West added, “Yeah I said ‘hell.’”
“This is not about 1 percent or 99 percent. This is about 100 percent. It’s about 100 percent America. And I will not stand back and watch anyone defame, degrade or destroy that which my father fought for, my older brother, my father-in-law, myself, my nephew and all my friend still in uniform,” he said.
“I will not allow President Obama to take the United States of America and destroy it. If that means I’m the No. 1 target for the Democrat Party, all I got to say is one thing: Bring it on, baby.”
OOH RAH….Semper Fi, DO or DIE!!!
Newt Gingrich Gets Endorsement from Herman Cain
Hmmmmm look familiar??
notice the red bandana and gang signs being flashed…..
matt neo
i love reading your posts……
you really need a late nite talk show
but that’s right…you’re in bed by 8:30
spooning with newt and callista
lovely thought…..
::))
nanu nanu dork
and you with Ochimpy, the mooch, larry sinclair and reggie (buddy) Loooove.
talk about an Oreo cookie.
Bagni,
Why is it that 99% of your comments are about others on this blog? Is it simply because you have a very small mind?
“Small minds discuss people, average minds discuss events; and great minds discuss ideas.”
spook
Is it simply because you have a very small mind?
among other things… LOL
http://bigjournalism.com/jsexton/2012/01/29/new-york-times-fails-to-mention-gingrich-was-cleared-of-ethics-charges/
js
gee imagine that?
WOW holy Moroni
Allen West being redistricted out of existence in effort led by Romney Florida spokesman
by William A. Jacobson Sunday, January 29, 2012 at 9:40am
GMB
“If this is what the conservative movement has become, then count me out”
I finaly have an embedable version of Mark Levin’s comments yesterday about the attacks on Newt.
It is a sad commentary on the damage people have done in the name of electing Mitt Romney. Add it to the list.
http://legalinsurrection.com/2012/01/if-this-is-what-the-conservative-movement-has-become-then-count-me-out/
Neo, Levin should have rephrased his comment. He should have replaced “conservative” with “republican”.
It is becoming ever more clear that there is no room within the repub party for conservatives any more. The repubs prefer the Mitts,Snows,Collins,Browns,Castles,Scazzafavas,Kirks,Smiths, Murkowski types over the TEA Party types.
Cocktails at 9pm or 10pm?
GMB
make it 10:00
Bwaaaaaaa ha ha ha Hellloooooooo McFly ?????
Children just aren’t going to know what sun is [Global Cooling?]
The Telegraph (UK) ^ | January 29, 2012 | By James Delingpole
There’s a great piece by David Rose in the Mail On Sunday nicely summing up what a lot of us here knew already: that the thing we really need to fear right now is not global warming but global cooling. And that, on current evidence, it’s global cooling we’re going to get.
————————————————————————————————————-
SUNY Canton professor says behaviorism could help solve global warming
matt spook
i’m just pointing out, glamorizing and celebrating the smallness all around
and neo’s responses to most comments are proof of that
this would be your opportunity to defend his posts as intelligent, insightful, respectful, kind, non racist, non hypocritical
please….go for it…..the world is watching and waiting
::))
matt spook
the point is
it’s almost impossible to discuss ideas or events with this crowd
first because unless you’re one of the 6 individuals posting you’re labeled as a cretin
second most discussions fall into neo’esque people driven barbed responses
technically…..i’m just following his lead
::))
it’s quite entertaining to visit here
but i do miss mark….at least he had some respect for fellow humans no matter where they came from
Neo = the ANTI troll
nanu nanu dork
, kind, non racist, non hypocritical
didnt take long…….
BAM
ME TOO
Jesse Jackson Says Gov. Brewer ‘Gave President Obama the Finger’
and one to je$$e
And EVERY site needs an ANTI troll.
I seem to remember when Bush was called everything but a white man from all liberals. Now when even liberals call Obama not much of a black man the liberals cheer and their hair blows gently in the wind. But don’t you dare call Obama not much of a black man if you are white….oh no..that is racist.
I don’t care what color Obama is….he is a liar, a fraud, an assassin, and a cold blooded murderer. He is a baby killer, a war monger, and the Libya campaign was ALL about oil. I don’t see those “oh so caring” liberals give a rat’s about the thousands of innocent Libyan children burned in their beds. The million or so displaced and 30 towns destroyed. Give it up…….your Obama is just another Bush minus the assassinations. And if Obama was white you would have had him impeached by now.
Here’s a guess, one I feel very comfortable making.
Mark does not miss you.
And neither would we.
BTW, you’ve never tried to “discuss ideas or events” but have just engaged in foolish, inane, infantile silliness in a desperate attempt to appear darling and pweshuss.
It is starting to look like most of the Mitt supporters support him because they cant stand Newt. It is starting to look like most of the Newt supporters support him because they cant stand Mitt. Isnt there anyone anybody supports because of who he and not who he isnt?
kinda reminds you of Hillary and Barack doesn’t it?
Has Mitt ever had a “real” job? I bet he’s never worked with his hands his entire life. . .
I don’t consider capital investment to be a “real job”, especially the kind of vulture capitalism that Rmoney engaged in.
And you’re missing the point. Obama pays taxes at twice the rate of Rmoney, even though makes MUCH less (and works MUCH harder).
But I’m not upset that a corporation like Mitt Rmoney wants to be considered a person, even though he doesn’t resemble one at all. . .
moreBSthanu
. Obama pays taxes at twice the rate of Rmoney, DUHHH!!
even though makes MUCH less not bad for never having a job
(and works MUCH harder). vacations, golf, and campaigns easy stuff.
Oh, do give it a rest. Not even you can be that dumb.
First of all, who says a “real” job has to be working with your hands? Is running a business a real job? Being a doctor? Teaching?
When conservatives talk about Barry not having a real job, we are talking about being a community agitator not being a real job in that it is purely political, and produces nothing. His law firm “job” was a gimme, a political favor, and he did scut work any paralegal could have done and probably did do after he put in his year.
Your use of the term “vulture capitalism” is a sure tipoff of your RRL identity, even without the stupidity of the rest of your post. The cutsie-wutsie wittle name is another.
Go right ahead and dismiss venture capitalism as not a “real” job. But it is. It is the evaluation of businesses, the sponsorship of potentially good businesses, the investment in those businesses, the overseeing and management of those businesses, and when all goes well it produces a return on the investment.
You clearly have no idea of how capitalism in general works, much less investment capitalism.
You also seem intent on simply denying the fact of the difference between tax on earned income and tax on return on investment. It’s been explained here many times, and in many other places as well, so you either lack the intellect to grasp the difference or the honesty to admit it.
And to top it all off the “corporations are people” lie that only the very stupidest of the stupid are willing to keep spewing.
Amazona: “Clearly mitch has no idea of what a communist, or a socialist, IS. He can’t, and still deny Alinsky’s far Left ideology.”
Amazona: “Your use of the term ‘vulture capitalism’ is a sure tipoff of your RRL identity,..”
Actually it was Rick Perry who brought the term “vulture capitalist” front and center in describing Mitt Romney. And I don’t think it’s shorthand for “venture capitalism” which nobody I know resents. Rather it’s used in opposition to it, to describe the leveraged buyout kind of capitalism Romney became more involved with later.
Mitt’s 2008 op-ed for the NYT saying “Let Detroit Go Bankrupt” was a strong clue. Allow an entity to lose nearly all its worth so “vultures” can pick it up for pennies on the dollar. Pare away nearly all the employees that once supported their families working for it, recreate it as an entirely new entity employing a fraction the former labor force, but make a large profit relative to the capital invested and voila, you have a small handful of much richer people and a slew of people a whole lot poorer. That’s not venture capitalism, that’s vulture capitalism as I understand it.
With the government’s auto industry rescue, contrary to Mitt’s prescription many more of those jobs were preserved and a critical American industry was resuscitated. The term “vulture capitalism” refers to the scenario that didn’t happen in that case.
dennis is spot on when it comes to explaining the successes of Bain Capital.
It’s more of a crap shoot. If you can buy companies for pennies on the dollar and you sell them for nickels on the dollar you look really good. Of course, you just used your skills to convince someone to sell something for less than what it’s worth so you could sell it for a profit, but still less than it’s worth.
Coincidently, Bain is hired by companies to do valuations of their companies……..hmmmm like leading a fox to the henhouse.
dennistooge and dummydoug the dumb and dumber of the trolls.
Ama described alinsky to a T, as well as venture capitalism.
So the solution to poorly run business further handicapped by outrageous union demands and social-engineering government regulations is not to let it fail and then rebuild on stronger economic foundations and principles, but to use OPM to strip the investors of their equity and hand over the company to unions to repay them for their political support?
Nice Marxist touch, there, comparing people who buy up failing businesses (which are, as you clearly fail to understand, failing for a reason) to fix what is wrong with them, to “vultures”. You obviously have the same lack in understanding of carrion eaters as you do of economics. When a vulture eats something, it is gone. When people buy up failed or failing businesses to fix the things that made them fail in the first place, they usually manage to revive the businesses on more economically sound footings, if this can be done at all, and then provide jobs for the people who would be out of work if there was not a newly revived business to provide them.
You silly rant strings together three assumptions.
(1) Pare away nearly all the employees that once supported their families working for it:
(2) recreate it as an entirely new entity employing a fraction the former labor force
(3) but make a large profit relative to the capital invested
Funny how you overlook the fact that GM, once its stock had been stripped away from investors and turned over to the unions, went ahead and declared bankruptcy anyway, and rebuilt exactly the way they would have without the feds stepping in to feed off the sick company to benefit the unions. The company could have done this anyway, with the same end result, except for the ownership of equity in the company, which had been transferred to pay off political debt.
It looks like it was Obama and the feds who were the vultures here, and Romney was right: Allowing the company to follow the natural path of poor management and federal interference would have resulted in the same rebuilding of the company, but with the investors not losing their equity.
And BTW, those who buy up these failing companies risk their own capital to do so, and sometimes lose it. Why are they not supposed to profit when, by their own investment and their own skill and their own talent and their own labor they manage to pull the fat out of the fire and make these businesses viable?
Allowing the company to follow the natural path of poor management and federal interference would have resulted in the same rebuilding of the company, but with the investors not losing their equity.
And I would add, not standing 2 centuries of bankruptcy law on it’s ear as the actions of the Obama administration did. Our Indiana State Treasurer, Richard Mourdock, who is running in the primary this spring to unseat 6-term Senator Richard Lugar, was at the forefront of the federal lawsuit against the illegal actions of the Obama administration in the GM and Chrysler bailouts, in which the Indiana State Teachers, firefighters and police pension funds were invested in Chrysler preferred bonds, and the Unions were put in line in front of them. IIRC, the federal court actually ruled in the bond-holders favor, but it was too late to reverse the damage that had been done.
Matt, your post does raise the interesting question, seeing as who we are running against – What would the risks be in voting for someone like Romney if he were to come out ahead in Tuesday’s primary? As you point out, the anti-Capitalists are going to vote Obama, because that keeps their “wealth” for undesirable habits flowing in. And I would add, that a greater percentage of them are going to vote for Obama as they were fed a steady diet of garbage in the majority of our public schools and universities, as that’s how we got Obama in the first place. I mean, what do we expect when there have been so many people come from that brainwashed background to then become the news-makers, the politicians, the school teachers, public organizers (like Obama) who speak to millions of people feeding them the same bottle of poison that has been fed to the last four and half generations. One generation after the other, from school year to school year, graduation to graduation, people come out of the public educational system with their minds poisoned, and spreading the cancer to the eventual collapse of our society. All I can say is, we are in serious trouble, and it’s going to get a lot worse before it gets better. If Obama gets re-elected, this country will be unrecognizable within the next few, short four years that he is in office. The lawmakers (Czars) he has put into place have already done great damage and harm to our time honored Constitution, and he is undermining our freedoms day-by-day. Be prepared for an upheaval!