Obama's final nails in the American coffin Jan 1st 2013

[Remodeling Maidiac]

10% tax rate jumps to 15%

25% tax rate jumps to 28%

28% tax rate jumps to 31%

33% tax rate jumps to 36%

35% tax rate jumps to 39.6%

55 billion cut from domestic programs

55 billion cut from defense programs

Social Security payroll tax goes from 4.2% to 6.2%

Estate tax top rate jumps from 35% to 55%

Capital gains top rate jumps from 15% to 20%

Dividends will be taxed at regular income tax rates

Child tax credit is cut by 50% to 500.00

Marriage penalty tax returns

Alternative minimum tax hits many more

Extended UE benefits expire

Medicare payments to Dr's to be cut by 30%



All kick in at midnight December 31st. This is a disaster in the making. Some economists have speculated that this will kill growth by 1%. Since we're barely growing at 1% now this may very well stall the economy completely and send us spiraling back.

how did Obama manage this with his no voting ability?

By not leading. This disaster is the direct result of NO leadership

 

[edthecynic]

10% tax rate jumps to 15%

25% tax rate jumps to 28%

28% tax rate jumps to 31%

33% tax rate jumps to 36%

35% tax rate jumps to 39.6%

55 billion cut from domestic programs

55 billion cut from defense programs

Social Security payroll tax goes from 4.2% to 6.2%

Estate tax top rate jumps from 35% to 55%

Capital gains top rate jumps from 15% to 20%

Dividends will be taxed at regular income tax rates

Child tax credit is cut by 50% to 500.00

Marriage penalty tax returns

Alternative minimum tax hits many more

Extended UE benefits expire

Medicare payments to Dr's to be cut by 30%



All kick in at midnight December 31st. This is a disaster in the making. Some economists have speculated that this will kill growth by 1%. Since we're barely growing at 1% now this may very well stall the economy completely and send us spiraling back.

how did Obama manage this with his no voting ability?

By not leading. This disaster is the direct result of NO leadership

I love it! The GOP obstructionists got together the day Obama was elected and decided not to cooperate with him at all and then blame him for lack of leadership.

 

[Remodeling Maidiac]

how did Obama manage this with his no voting ability?

By not leading. This disaster is the direct result of NO leadership

I love it! The GOP obstructionists got together the day Obama was elected and decided not to cooperate with him at all and then blame him for lack of leadership.

The election is over, I won. Now take your seat in the back of the bus while we negotiate obamacare behind closed doors without your input


Yeaaaaaah, that sounds like smart leadership

 

[EriktheRed]

to be fair neither side cover themselves in glory over debt celing crisis. Neither wanted to find a middle way and that sad overall.

No, but S&P rightly laid the blame more on the "loyal opposition" than the President.

 

[EriktheRed]

10% tax rate jumps to 15%

25% tax rate jumps to 28%

28% tax rate jumps to 31%

33% tax rate jumps to 36%

35% tax rate jumps to 39.6%

55 billion cut from domestic programs

55 billion cut from defense programs

Social Security payroll tax goes from 4.2% to 6.2%

Estate tax top rate jumps from 35% to 55%

Capital gains top rate jumps from 15% to 20%

Dividends will be taxed at regular income tax rates

Child tax credit is cut by 50% to 500.00

Marriage penalty tax returns

Alternative minimum tax hits many more

Extended UE benefits expire

Medicare payments to Dr's to be cut by 30%



All kick in at midnight December 31st. This is a disaster in the making. Some economists have speculated that this will kill growth by 1%. Since we're barely growing at 1% now this may very well stall the economy completely and send us spiraling back.

how did Obama manage this with his no voting ability?

By not leading. This disaster is the direct result of NO leadership

By "not leading"...


You guys can go Cheney yourselves with this bullshit. Seriously.

 

[blastoff]

Read an interesting op-ed in the Grand Rapids Press yesterday by Thomas Sowell. As he's a syndicated columnist, it has probably appeared in other papers too, or might soon. The piece was titled, Hail to the phony in chief, and here's an example.

For those unaware of Sowell, he's an economist, political philosopher, author of dozens of books on economics and a variety of other topics, and he's currently a senior fellow at the Hoover Institute at Stanford University. He is also black and a conservative, so he is routinely described as a house ******, Uncle Tom, etc. by some members of the black community.

In his op-ed column Sowell brings us back to the speech that Barry made before a predominately black audience while campaigning back on June 5, 2007 at Hampton University. Specifically, that part of the speech that a couple of weeks ago was revealed on a video tape that surfaced wherein, to quote Dim Senator Harry Reid, Obama is using his convenient Negro dialect.

In the video Barry talks to his black audience about something known as the Stafford Act and comparisons between its use, or lack thereof, in New York after 9/11, Florida after hurricane Andrew, and New Orleans after Katrina.

The Stafford Act requires communities that receive federal disaster relief, money, to contribute 10% as much as whatever amount the feds kicked in. For graduates of our fine public school systems, that means, for example, if the feds gave $1,000.00 then the local community would have to come up with their 10% share, or $100.00.

While Barry be in full Negro dialect mode that day, he claimed the federal government did not show the same concern for the people of New Orleans post Katrina as they had shown to the folks in New York and Florida, post 9/11 and Andrew respectively. His "proof" was that the 10% Stafford Act requirement was waived for New York and Florida because those folks were considered to be "part of the American family." But
when it came to the Katrina devastation he implied the Act had not been waived because when it came to the New Orleans predominately black population, "they don't care about as much."

Sowell went on to point out one overt lie in Barry's words and one, in my opinion, rather sinister secret too. On May 24, 2007, two weeks before Barry be speaking at Hampton, the U.S. Senate voted 80-14 to in fact waive the Staffard Act requirement for the (black) people of New Orleans. Sowell even provides a road map so folks can check it out for themselves, the official Congressional Record of May 24,2007, page S6823. Oh, and one other little tidbit of information contained in the Record. Fourteen Senators voted NOT to waive the Stafford Act fo da black folk of N'awlins...An one of those voting against it was then Senator Barack Hussein Obama!!! Get that? Barry himself was one of those who don't care about black folks as much. I wonder why he didn't tell that to his fellow blacks that day at Hampton University?

Anyway, my advice to Barry is to keep stirring that racial and class division right on up to election day. It seems to be doing well in the polls these days.

Tom Sowell is a lying right wing hack. Like the professional liar he is he leaves out that there were 2, TWO, Supplemental Funding bills waiving the Stafford Act, that's right there was no straight bill waiving the Stafford Act it was attached to a Supplemental Spending bill. One that included increased funding for Bush's war that Obama voted against, and one that didn't that Obama voted FOR. Obama was actually one of the biggest supporters of waiving the Stafford Act, just not the one with the GOP poison pill.

But your post is a perfect example of the very professional way the CON$ervoFascist Brotherhood lies to the less informed among us.
Thank you.

Well thank you for admitting you’re among the less informed.

Yep, there were two votes in the Senate for waiving the Stafford Act requirements for the folks in New Orleans. And according to your version, Barry TWICE voted NOT to waive the Act. And here’s how.

The first bill got to Bush’s desk and he vetoed it because, among other things, it required a deadline for getting the troops out of Iraq. And it also included additional funding for the war, which is why you claim Barry voted against it.

So with one bill that included the Stafford Act waiver for N.O. vetoed by the president, it was necessary to include Stafford Act waiver language in another bill. And that’s the bill that Sowell addressed in his op-ed, and noted wherein that Barry was one of only 14 Senators who voted against it.

Better luck next time.