(WSJ) — As they say in politics, branding is everything.
Senate Democratic leaders suggested Wednesday that the so-called Buffett Rule should be renamed the Romney Rule, after GOP presidential hopeful Mitt Romneysaid this week that he paid less than 15% of his roughly $20 million in income in federal income taxes in 2010.
The proposal — dubbed the Buffett Rule by President Barack Obama — a nod to billionaire Warren Buffett who famously said his tax rate was a lot lower than his secretary’s, and that shouldn’t be — would require households earning more than $1 million to pay an effective federal tax rate of at least 30%.
(like the subject line says, they really should be honest and rename it the Kerry Rule because John Kerry is (thanks to his wife) is so much richer than Mitt Romney! And John Kerry (and his rich wife) only pays at a 13% rate!)
President Obama today asserted that President Bush was responsible for bailing out auto companies in Detroit. Obama, on the other hand, implemented dramatic changes that saved the industry.
“Keep in mind,” Obama said, “That the administration before us, they had been writing some checks to the auto industry asking nothing in return. It was just a bailout, straight — straightforward.”
Obama explained that he “demanded responsibility” from the auto industry, forcing it to “retool and to restructure,” making it “more efficient.”
“Over the past two years, that entire industry has added nearly 160,000 jobs,” Obama continued. “GM is number one in the world again. Ford is investing billions in new American plants. Chrysler is growing faster. So today, the American auto industry is back.”
Bush did authorize the first auto loan of a $17.4 billion, in October 2008, declaring some aspects of the loan depended on the companies hitting “Restructuring Targets.”
Obama, however, gave the auto industry an $85 billion bailout. His retooling of the industry forced aside creditors in favor of the UAW union workers.
According to the Detroit News, the Treasury Department announced in November that it expects to lose $23.6 billion in the auto bailout, as a result of the sharp decline in GM stock.
President Obama’s State of the Union Address was the lowest rated of his presidency, down 12 percent from last year’s speech.
Obama drew 37.75 million viewers last night on 14 networks and cable news channels, according to the website TVbythenumbers, which tracks television ratings.
During his first speech to a joint session of Congress in February 2009, Obama drew 52.4 million viewers. His first official State of the Union Address on January 2010 attracted 48 million and last year’s SOTU had 42.8 million.
(hmmm….think….even his SOTU’s are failing)
And why the hell does our tax dollars continue to flow, and now it seems will flow faster, to the islamics in Egypt? Why are we supporting those who want to destroy us? Oh, because our president is an islamist loving idiot!
(Reuters) – U.S. President Barack Obama plans to accelerate the pace of American aid to Egypt, a top State Department official said on Wednesday, as the most populous Arab nation reaches a critical stage in its uncertain transition away from autocratic rule.
Undersecretary of State Robert Hormats, part of a U.S. delegation that held unprecedented talks last week with Egypt’s Muslim Brotherhood, said Washington wanted to provide “more immediate benefits” to Egyptians, who earlier this month conducted their first democratic elections in decades.
“During this period, we want to be as supportive as we can. This is an historic moment. Egypt’s a country of enormous importance,” Hormats said.
Under the plan, some non-urgent U.S. aid slated for other countries – he did not name them – would be redirected to Egypt. And funding in the pipeline for long-term programs in Egypt would be shifted to quick-impact projects, he said.
MSNBC’s Rachel Maddow: Democrats Must Do More to Promote Abortion (just get more women to have daughters that look like rachel. Up the ranks of lesbians, and lower the future birth rate)
Like I said before, this lying sack of shit should be fired at once! And the entire Park Rangers either do their damn job and clear out the dirtbag occupiers or get a new job. Even though as I said, he got his marching orders from either Obama or Holder. Joe Walsh should go for getting this guy fired, pure and simple!