Joe Biden lied at press conference

For the first time in anyone's memory, household income and wages of the low income made REAL advances during the Trump years as a result of the tax cuts. 82% of us got the cut, and 90% of working people got a raise. But what did Biden spout at the presser? The same old lie--only the richest benefitted. That's been disproven so many times, you wonder where the speech writer was the last 4 years (we know where he was). Growth was greater for the lowest quarter than the upper quarter, plus there were REAL wage gains. Now he wants to chase American companies to foreign soils as higher taxes always do, creating job loss and higher consumer costs here. At the same time, he's bringing in people who will compete with our workers in the lower income groups. Kevin Brady (R-TX) says Biden told so many lies at the press conference (his first) that Twitter should take his account away from him. He's welcoming people who will need a huge safety net and impose costs on local communities, while simultaneously pushing well paid jobs to foreign countries.

Now that he and Pelosi have us speaking trillions instead of billions, and they just foisted on us $1.2 trillion, little of which was for Covid19, but had that check dangling out there as a carrot, now it will be trillions more for "infrastructure," the green grab and more government control over public and personal health.

Do we even know what a trillion is? Let's look at seconds. 60 seconds is a minute. One million seconds is 12 years. One trillion seconds would be about 32,000 years. And $10 trillion still won't change the climate.

Our corporate tax rate is the highest in the world

Our current high-rate policy is harming the U.S. economy, reducing job growth, and stifling wages—for no good reason. Abolition is a good long-term goal for corporate income tax reform, but we can start with at least chopping our federal-state rate of 40 percent down to the global average of 24 percent.

http://www.cato.org/blog/tax-reform-first-step-simple?

Canada ranks No. 1 in “Best Countries for Business”

"Canada ranks No. 1 in our [Forbes] annual look at the Best Countries for Business. While the U.S. is paralyzed by fears of a double-dip recession and Europe struggles with sovereign debt issues, Canada’s economy has held up better than most. The $1.6 trillion economy is the ninth biggest in the world and grew 3.1% last year. It is expected to expand 2.4% in 2011, according to the Royal Bank of Canada. . .

What hurts the U.S. is its heavy tax burden. This year it surpassed Japan to have the highest corporate tax rate among developed countries. The U.S. also gets dinged for a poor showing on monetary freedom as measured by the Heritage Foundation. Heritage gauges price stability and price controls and the U.S. ranks No. 50 out of 134 countries."

The Best Countries For Business - Forbes

Instead of liberal celebs threatening to relocate to Canada, maybe we'll see American entrepreneurs go there. It's closer than China, safer than Mexico. For starting a new business, the U.S. ranks #13 (New Zealand is #1).

This is not a good idea--tax incentives for creationism

"Operators of Kentucky's Creation Museum are seeking tax incentives to build a creationism theme park called Ark Encounter, which, according to preliminary estimates, could draw as many as 1.6 million guests a year."
Tax Foundation

If it's a good idea, then people will come and it will be an honest return for their investors. Don't make unbelievers pay for it. Christians, particularly Conservative Christians, need to stop taking government hand outs for their "good works." It's just another form of redistribution of wealth, aka stealing.

If you didn't notice what happened in the first 4 weeks, Pt. 1

So everyone everywhere on the globe is unhappy with their economy, and no matter who or what party is in charge, they get blamed. There are strikes in Greece and mutinies in Bangladesh, and Cincinnati, Ohio is planning an old fashioned tea party to revolt against the stimulus plan--because where‘s the representation if no one read the bill?

The Socialist, Marxist and Capitalist economies are all in trouble. Why blame Obama, president for four weeks, instead Bush president for 8 years? Well, Bush was a Republican, but not a Conservative. Obama is a Democrat, but not a liberal. At least not as we've come to think of them. He's a socialist/marxist, and all you need to do is read what he has said in the past, what he has written, and look who his friends are and who financed the campaign. Or listen to his vague statements last Tuesday night. The program he proposed and got passed--the $780+ billion-- will amount to over $3 trillion by the time the debt is paid, and no president has matched that, not in 8 years, and certainly not 4 weeks, and he has promised more to come.

You may have your money in cash or CDs right now, but unless it's in the cookie jar, I doubt that yours is any safer than being in stocks, bonds or real estate market. And yes, the banks have been nationalized--that's what the "bailout" is. "We the people" now own the big banks--and not as stockholders. That's why they are being forced into foolish business decisions by Obama to rewrite all those bad mortgages--60% of which will fail within 6 months (Oh! those nasty predatory lenders--with gun to the head they loaned money to bad risks). That's why they have to cap salaries--and maybe yours or your industry will be next. And yes, the auto industry is nationalized too--that's why they are going to produce more "green" cars which don't make a profit. Now the government can also tell you to stop driving your “pre-green” car, even if you can’t afford a $35,000 hybrid. That way “we the people” can sell more new cars. See how nicely it works together when “we workers” own the means of production? And yes, when "children" are covered through age 28 in families earning $80,000 year, that is nationalized health care, and it doesn't touch the poor, because those new "children" were already eligible through parents' employers, and the poor were eligible under Medicaid. It's just one more way to put private insurers and private doctors out of business. The government simply needs to redefine “children” and “poverty.”

It's better to compare Bush with Clinton--and Bush was actually a bigger spender on Human Resources (welfare state, education, entitlements, etc.) than Clinton about a 2.75% annual growth during his years compared to 1.41% for Clinton. Bush lost the support of both the RINOs who always voted with the Democrats (in power since 2006). And he lost the support of the libertarians and conservatives, unhappy with the course of the war (people like Barr and Pat Buchanan).

A year ago, unemployment was 4.5% and the Dow at 14,000. Housing had been in trouble since August 2007, but mainly only that sector supported by government loans--maybe 2% of all mortgages, and that got worse. What happened Sept. 15, 2008 we may never know--I've read some "conspiracy theories" like 550 billion taken out of the economy in a few hours, and the government acted to stop it. Some say it was George Soros, some say it was the Chinese who own our debt. That totally changed the election campaign. From the beginning of Oct. 2008, Obama was the Man, and the markets, who don't vote for either party but hate instability, began to plunge and haven't stopped.

If you didn't notice what happened in the first 4 weeks,Pt. 2

Nobody wants to invest in our economy while Obama continues to threaten to raise taxes on the most productive segment that already pays 95% of the taxes, the so-called rich--those two income families that shelled out $100,000 to buy an education or business or law practice or medical clinic and are expecting to be paid for their efforts. Those "rich" families like mine who invested in businesses with our 403b and 401k giving up other things when younger.

I think the federal government--whether Bush with the Democratic Congress or Obama with the Democratic congress--needed to back off in 2008 and 2009 and let those companies in debt, banks and insurance companies included, struggle and die or merge and be bought out. President Bush failed his party and became President Hoover overnight--but he really stopped governing in October and turned everything over to Treasury and the incoming Obama administration. Hoover had 3 years of throwing money at the problem 1929-1932, Bush didn't. Then FDR continued socializing industries and the courts for another 12 years, until WWII pulled us out of it. Hoover is blamed and Roosevelt acclaimed. Baffles me. Allowing the economy to come back on its own is what happened in 1999-2000 during the last bear market. Jump starting it with tax cuts for tax payers, not tax takers, is what got it going again after 9/11.

Now, Bush did his share of "nationalizing"--like the drug benefit plan, developed with Ted Kennedy, certainly took us further down that road, and the NCLB which exerted even more federal control over local schools (also with Ted Kennedy) is another example. Both these money burners lost him tremendous support among conservative Republicans. The drug plan has just made us more dependent on less safe drugs made in India and China, and has resulted in huge profits for the drug companies. Again, these companies don't care which party is in office--they can succeed with either because the regulations and laws always work in their favor (they help create them with their lobbyists) because they kill the smaller businesses and competition. In fact, they love the Democrats because they are more likely to impose regulations whether it's on mythical global warming or the broadcasting industry or lead in toys.

No president ever spent more money on education than Bush, and although I think he was right to care about the " child left behind" all he did was make the unions and academics mad--leaving kids behind had always been their field of expertise--raising another generation of victims. Some studies show that NCLB made progress, but I suspect it's more "wealth transfer" only it's with grades and achievement at the expense of the better students, and eventually our country.

It may take years to show up, but I don't think Bush did churches any favors with the "faith based initiatives," because it has made churches more dependent on government grants, and Obama plans to tighten the screws on any mention or appearance of religion in those grants (a campaign promise he'll probably keep). Some of that had already happened under Bush and Clinton--I know 30 years ago we used to put religious literature in every bag of groceries at the food pantry. That doesn't happen today, but the food pantry is about 90% government funded--local, state and federal--10% by the churches.

American businessmen aren't stupid; they know how to make money. There are no business men in this administration and it shows. There would never be a Google or Microsoft or a Dodge Caravan if the Barney Franks and Nancy Pelosis of Congress had been in charge of the business plans. But they're more than happy to take over once someone else has figured out how to make money, and then Amtrak it. You can do that when the government is in charge.

Oregon Democrats propose 1,900% tax increase on beer

Like the cigarette taxes that hurt the poor the most to pay for the medical care of the middle class, the state run lotteries that hit the low income the hardest that are supposed to help reduce dependency on real estate to fund schools, the reasoning here is that it will save in medical costs. For whom? I'm guessing it hurts the low income beer drinker the most. I've known a lot of alcoholics, and only one was a beer-alcoholic. I've never even tasted beer. Smells like rotten grain to me. More than likely, it will be one more case of Democrats shutting down an industry that employs people so they can create more dependency on the government with unemployment, universal health care, and the government owning and operating the beer plants. Or, if you follow the lobbyist money, you might even find some very large beer companies passing out some change to Oregon's legislators so they can put the competition out of business.

Jamie Floyd, owner of Ninkasi Brewing in Eugene, said Ninkasi paid $19,000 in taxes last year, and the increase would raise its taxes to $370,000. The tax increase brewers would assume would inevitably be passed on to their distributors, retailers and consumers, he said.

The economic recession already affects Taylor's, especially because its customer base is on a fixed income, Walker said, so the tax increase will only hurt business further.

"It can't be a positive thing for the economy," Walker said. "College kids are still going to do what they do, but (business) is down a little bit; it's not as busy as it was six months or a year ago." Daily Emerald

How the election of a black President will help black Africans

The United States of America now has what no other country in the world has, a democratically elected black leader of a free, constitutional republic. Europeans, the descendants of the slavers who purchased black Africans from the Arab Africans to be shipped to the "new world," can claim no African or even mixed race leaders; Africa can claim no free democracies (with the exception of Botswana which seems to be a model which all Africa could look to). Kenya had looked hopeful until Obama's cousin Odinga's followers massacred a few thousand after losing an election.

With his plans to destroy our current sources of energy--coal, gas and oil--his plans to raise taxes on successful small business, his plans to strengthen unions while discouraging business growth, his plans to bring the corrupt ACORN to the top (they are already at the table), his plans to allow millions more to flood our borders to bankrupt our social systems, his plans to shut down opposition in the press and airways, and his plans to reduce the military, the USA will be so weak that there will be nothing left over for the bailouts and food subsidies through various ill-advised and poorly planned NGO and government aid to African dictators and monarchs. Much of our aid simply destroyed African markets, however well intentioned. Other, initiative and ambition. Since none of this has helped Africa in 50-60 years, indeed has kept the former European colonies in a perpetual stage of adolescence, the reduction of American aid (and European, particularly France) to shore up weak leaders and economies in Africa will in the long run help Africa. It's the least he can do for change.

Tax Attack

Someone show this to Senator Obama.



"Declaring that the "Corporate Tax Must Come Down," Andrew Patterson of Edmond, Oklahoma won the first prize of $5,000 in the Tax Foundation's CompeteUSA YouTube Contest with a video called "Tax Attack." The contest was part of the CompeteUSA campaign which aims at raising awareness of America's high business tax rates and how those taxes have an impact on our competitiveness, wages, and living standards.

In "Tax Attack," Patterson highlights that businesses make everyday decisions based on corporate tax systems and that our high business taxes are making American corporations look internationally for their offices, banking, labor and operations. Patterson, who lives in Edmond, Oklahoma, is a business owner himself, providing film and postproduction services to companies including retailers, business firms, nonprofit organizations and natural gas companies."

Seems we're already doing a lot of that wealth redistribution Mr. Obama likes so much, but how's he going to get American companies to come home? Force them so he can tax them more?