Posts
September 25, 2010
[What I'm not telling you: While the 0bama Handler Group pushed the National Bureau of Economic Research to report that "The Great Recession" ended in June, 2009; a member of my regime and the country's--possibly the world's--most astute investor disagree. 'Turbo-Tax' Tim Guethner, my Treasury secretary and Warren Buffett both agree that the recession IS NOT over. Using the NBER's own calculations, the national income was up an average of 0.3% since June, '09 (though wages actually fell 1.1% while benefits from government programs jumped 4.1%). In the same period, New Mexico had the largest increase in personal income, 2.2%, thanks to its No. 1 ranking in increased money from government programs. It's becoming more and more apparent--the 'Tea Partiers' may be on the right track!! Smaller government with far less spending and across-the-board tax cuts would have been the better path for my regime to have taken (but ya didn't hear that from me!!). We're not so much gaining jobs as we are having far fewer of the unemployed looking for work--as evidenced by the U-6 unemployment rate of 16.7%! See, the regime likes to report the U-3 unemployment rate, which at last look, was 9.6%. For a far more true picture of the dismal labor market, the statistic should be a combined U-3 PLUS U-6 rate which considers ALL THOSE WITHOUT EMPLOYMENT OF ANY KIND. Neither I nor the 0bama Handler Group will allow this to be the true and official rate, so don't anyone suggest it!! But, what you'd see as a TRUE unemployment rate should and would be a whoppin' 26.3%!!! Over one-quarter of all working-age Americans DO NOT have work and CAN NOT find work!!
Our fascist-style tax relief proposals do not and will not stand up under close scrutiny. What good are accelerated tax breaks for plant and equipment purchases, if those business owners do not have the financial wherewithall to make the intial purchases?!?! Concerning infrastructure upgrades; I will not support business tax rate reductions which would free up more, much needed funds to implement those repairs and improvements!! The NUMBER ONE GOAL of this regime is to redistribute America's wealth--preferably worldwide--to those who WILL NOT WORK; from those who toil every day, sometimes SEVEN DAYS A WEEK!]
Taken together with the small business tax cut and lending plan we passed through Congress last week, these steps will help spur jobs in the short run, and strengthen our economy for the long run. Now, the Republicans who want to take over Congress offered their own ideas the other day. Many were the very same policies that led to the economic crisis in the first place, which isn’t surprising, since many of their leaders were among the architects of that failed policy. It is grounded in same worn out philosophy: cut taxes for millionaires and billionaires; cut the rules for Wall Street and the special interests; and cut the middle class loose to fend for itself. That’s not a prescription for a better future. It’s an echo of a disastrous decade we can’t afford to relive.
[What I'm not telling you: One of the primary facets of "The Great Recession" was the bursting of the housing bubble. This 'bubble' was largely created by the "Slick-Willie" Clinton regime in the early 'nineties. 'Slick' and his HUD secretary, Andrew Cuomo forced both Freddie Mac and Fannie Mae to loosen their mortgage requirements. These 'footloose-and-fancy-free' requirements put many, many Americans (and some illegal aliens) into houses far beyond their means; houses that they had no intention of paying for. The requirement changes were instituted WITHOUT approval of the republicRAT congress in control at the time. The concept that the 0bama Handler Group and I will not subscribe to is that it's America's millionaires and billionaires who actually create the bulk of U.S. jobs. We will continue to villify that class of people; pretending to support America's middleclass, "the serf class!" The regime and the 0bama Handler Group continue to ignore what the 'Tea Partiers' continue to promote: "The Reagan Era" one of the country's greatest economic growth periods!! That would require that we relinquish the added personal control and wealth redistribution measures we've instituted thus far.]
The Republicans in Washington claimed to draw their ideas from a website called “America Speaking Out.” It turns out that one of the ideas that’s drawn the most interest on their website is ending tax breaks for companies that ship jobs overseas. Funny thing is, when we recently closed one of the most egregious loopholes for companies creating jobs overseas, Republicans in Congress were almost unanimously opposed. The Republican leader John Boehner attacked us for it, and stood up for outsourcing, instead of American workers. So, America may be speaking out, but Republicans in Congress sure aren’t listening. They want to put special interests back in the driver’s seat in Washington. They want to roll back the law that will finally stop health insurance companies from denying you coverage on the basis of a preexisting condition. They want to repeal reforms that will finally protect hardworking families from hidden rates and penalties every time they use a credit card, make a mortgage payment, or take out a student loan.
[What I'm not telling you: While I've chosen but one of Cong Boehner's proposals to whine about--MORE IMPORTANTLY--the 0bama Handler Group, the obamacRAT party, the republicRAT party and the leftist fascists nationwide failed to realize the traction the 'Tea Party' movement would gain in a scant 18 months!! When the 'Tea Party' movement becomes a special interest; the country WILL BE BETTER SERVED with them "in the driver's seat!!" I'm not going to discuss 0bamaCare here, other than to say; health care costs and health care delivery systems were not the primary considerations; personal control and wealth redistribution were!!]
And for all their talk about reining in spending and getting our deficits under control, they want to borrow another $700 billion, and use it to give tax cuts to millionaires and billionaires. On average, that’s a tax cut of about $100,000 for millionaires. Instead of cutting taxes for the wealthiest few – tax breaks we cannot afford – I’ve called for tax cuts for middle class families who saw their incomes shrink by five percent during the last, lost decade. We’ve already cut 8 different taxes for small business owners to help them hire and grow, and we’re going to cut 8 more. We’re challenging our states and schools to do a better job educating our kids and making college more affordable so America can once more lead the world in the proportion of our kids graduating from college. And we’re putting an end to the days of taxpayer-funded bailouts so Main Street never again has to pay for Wall Street’s mistakes.
America is a great country. Our democracy is vibrant, our economy is dynamic, and our workers can outcompete the best of them. But the way for us to remain the greatest country on Earth isn’t to turn back the clock and put the special interests in charge. It’s to make sure all our people are getting a fair shake. It’s to make sure everyone who’s willing to work for it still has a chance to reach for the American dream. And that will remain my mission every single day so long as I have the honor of serving as President.[What I'm not telling you: Do you realize my vocal 'slight-of-hand' leaves out the fact the 'borrowing' isn't really 'borrowing,' but a continuation of the tax cuts for all Americans?!?! Soros forbade me saying this, but I must: I'm having difficulty continuing to justify this increasingly fascist charade foisted upon my regime by George and the rest of the 0bama Handler Group!! Not that I'm not a fascist; just not to the level they demand.
- The incomes of middle class families had it's most devastating shrinkage during the last eighteen months--my regime!!
- The challenge I've issued to states and school disctricts to do a better job educating our children will continue an impossible task until I decide to actually care about educationa and take the financial incentives out and institute quality-based accountability.
- We may have made college more affordable-but for whom? Not every high school student is college level quality, nor do they want college. There's absolutely nothing wrong with a technical education. With the inclusion of control over student loans in the 0bamaCare bill, we now control who goes to college; which college they go to; which major course of study; how far they go, bachelor's, master's, doctorate.
- There are--quite possibly--MORE LOBBYISTS working in my regime than any other in recent memory; even after I pledged during my recent "Campaign of Fluff" that lobbyists' control in Washington would come to an end!
- We're ending taxpayer-funded bailouts, even though my regime encumbered you with the most expensive bailouts in worldwide economic history!!
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