Overwhelmed, Understaffed & Falling Behind

This is the guy who couldn't figure out how to pay his taxes, while Democrats and Republicans both pushed aside his "honest mistake" because of his economic prowess.

"We need this guy!" is all we heard on both sides of the aisle.

Evidently, not only can Mr. Geithner not figure out how to pay income taxes without his employer auto-magically deducting them, he can't figure out how to appoint deputies either and is flailing in his new job.

Let's hope he figures it out and soon because since his lord and savior the Magnanimous President Barack Obama has been elected our markets have lost half their value.

The Audacity of Socialism

The picture says it all. Here's to all the "hope and change" you can stomach.

Our markets are based upon capitalism and every rescue plan that has come out of Washington DC since October of last year has been based upon Socialism.

Now we have an ideologue for a President that is making the biggest push for Government run everything. He and his party are proposing:

--That the government electronically monitor every health record in America.
--That government put "smart" technology in every home to tax and monitor energy consumption usage.
--That the government put GPS devices in every car and tax when and where you drive.
--That the government subsidize our auto industry and dictate the wages of executives and the types of cars that are built.

Is it any wonder, moreover expected, that markets based upon Capitalism would rally or embrace Socialism?

What the hell ever happened to Global Warming?

Oh yeah... it's "climate change" but you should still forfeit your liberty, money and lifestyle to the benevolent government to help us "save the planet."

Never mind the first Earth Day was to save us from Global Cooling, then it's Global Warming and what the hell, we greenies can't figure it out so we'll call it "Climate Change" so just give us your money and control of your lives and get on a "smart grid"!!!

PETA Showcasing Progressive Tolerance.

Wow... now this is how you win over the hearts of America and those who disagree with you!

What compassion, what tolerance!!

Boy Tax Cuts Really Hurt Government Revenue

I keep hearing "corporate greed" and "tax cuts don't work" from all my progressive and liberal friends but I think they are confused.

1. Taxes are a function of government, not the economy except to take money that would have otherwise been spent by tax payers (individual and corporate)

2. I continue to hear that the George Bush Tax cuts caused our financial crisis but have yet have anyone explain to me the cause and effect.

I've also heard flat out lies about how cutting taxes hurt government programs and the people who benefit from them. It is simply not true. With our without tax cuts revenue to the US Treasury has steadily increased.

Don't believe me? Check it out for yourself.
http://www.whitehouse.gove/omb/buget/fy2009/sheets/hist02z1.xls



Look at big old greedy government. The lines in the graphs represent tax money that the government takes from you while we continue to hear how we should sacrifice even more as Government spending continues to increase.

Again, look at the graph and the amount of money that comes in. The trajectory is almost always "north east" with the exception of "Dot.com Bust"/recession of 2000/2001. Following that dip look at the utterly massive increase in tax revenue.

Yeah.. there was some greed going on during the satanic years of George W. Bush, but it wasn't corporate, it was the government pig taking more and more.

Now here we are at the apex of "government take" from its citizenry, and the private economy is hurting and our elected officials are demanding that to "fix" the economy the "take" must be even more.

The notion that tax cuts hurt government spending is baloney and joins its sister that taking more in taxes and government spending helps the economy.

I'm not buying it.

We'll show those evil CEO's we'll cap their income!!! What a moronic move!

I'd like someone to define "fair share". How does that get decided? Who decides it? Should we not pay what the market will bear?

Go to the IRS's website and run the reports for yourself. The top 25% of wage earners pay 91% of the revenue that comes into the treasury.

Taxable income is as follows for 2008 (filing status of a single individual):
> 8,025 Tax Bracket 10%
8,025 --32,550 = 15%
32,550--78,850 = 25%
78,850--164,550 = 28%
164,550 --357,700=33%
< 357,700=35%

So let’s take the argument to the next level. Let’s say we cap every CEO’s income to 500K.

A CEO capped at 500K at 35% would only pay $175,000 to the US Treasury.

A CEO making 5 Million at 35% pays $1,750,000 to the US Treasury.

What do you think would happen to our budget if we capped every CEO to 500K? Oh boy that would really stick it to the rich guy and our government. Our government would then only have two alternatives.

1. Raise Taxes
2. Cut Spending and Programs

Envy is the tool of politicians. It sure sounds nice but when you do the math these noble ideas simply doesn’t add up.

Power Play For Socialism (Duex)

As predicted last week, here we go. If you are beholden to government for benefits, government will attach chains. (Not strings, chains).

We are already seeing the Obama administration moving swiftly in that direction.

• First we unleash environmental standards that further financially strain the automotive industry.
• Now we are setting executive pay to 500K.
  

Really?!! Oh I know it sounds wonderful.. stick it to the rich guy!!! Sure sounds noble but it's a crock. Did the tax cheat Geitner and Obama consider that these executives may have liabilities that a 500K salary may not cover?

These executives are not unlike most Americans. The more you make the more you spend.

My family has been blessed. We have worked hard and make decent money but the one thing I have learned as our income has grown is we have many, many friends that live paycheck to paycheck and it does not matter if they are making 25K a year or 250K a year.

Certainly this does not excuse the individual's obligation to personal responsibility, however, the implications of this retarded policy will most likely cause these executives to resign and seek jobs elsewhere that compensate them to meet their current financial obligations.

Of course this is a classic Socialist power play. We will see a less qualified bureaucrat or someone within the company promoted to take on the executive reins and the automakers will only continue to suffer even more.

Thus the call for more government control and oversight.

Wake up America! This is how the game is played and you are losing the most prosperous nation in the history of the world to students of Karl Marx who's ideology has been attempted and failed many times!!!

WAKE UP COMRADE WAKE UP!!