Skip to comments.Seriously, President Obama? ("Buffett Rule": Buffett profits from Keystone rejection, workers lose)
Posted on 01/24/2012 9:41:24 AM PST by Qbert
Not since his minions handed out lab coats at a White House Obamacare rally has Barack Obama committed such a lame or electorate-insulting act of political theater. But it's just part of the class war he must wage if he's to get re-elected. Code word: fairness. Politico:
Billionaire Warren Buffett's longtime secretary will be joining first lady Michelle Obama in her box at tonight's State of the Union, White House communications director Dan Pfeiffer announced on Twitter.
Debbie Bosanek, who has worked for Buffett for nearly two decades, has become a symbol in the White House's fight over the tax code and economic fairness. Obama is expected to renew his push for the so-called "Buffett rule" that would bring investment taxation levels into line with income taxation levels and ensure that upper income earners pay rates as high as middle-class Americans.
"Warren Buffett's secretary shouldn't pay a higher tax rate than Warren Buffett," President Obama said in September, when he unveiled his American Jobs Act proposal. It's a trope that Buffett himself has repeated, as he has campaigned for higher taxes on investment income.
It's common practice for presidents to invite guests to sit next to the first spouse that fit with the theme of their address and Bosanek's presence is a big hint that the address will tilt heavily towards economic issues of fairness.
Wasn't there something else about Warren Buffet in the news today? Oh yeah, here it is: Obama buddy Warren Buffet to benefit from Keystone XL pipeline cancellation
And who will not benefit? Hard-working Americans. Listen to or read what this truck driver and former Obama supporter had to say yesterday on the Rush Limbaugh show:
The tipping point for me was Newt Gingrich, what he said a few days ago, something I would have really been very angry with and almost insulted by. He said that Obama's decision regarding this pipeline was stunningly stupid. And I could not disagree with that, because this pipeline, in addition to the fact that it's automatically gonna bring a lot of jobs, without a doubt help the economy, it's gonna have an immediate impact on the price of things. Impact on the price of gas, which in my industry is enormous. People don't understand how the price of fuel affects everything that they pay for, from food to any good that they get. But the bottom line is that this man, because of what I can clearly see as politics to support these environmental people, he is willing to destroy this country, destroy the economy, it's a no-brainer in terms of getting away from dependence on the foreigners, foreign oil. And I just cannot in good conscience continue to hurt my family in the amount that I'm paying for fuel, groceries, and everything else. I cannot in good conscience support this man when this is obviously political because it would have helped this country and the economy. So I want to say that I'm finally seeing the light and I'm done with him.
My emphasis added. Read the whole thing.
I find it almost physically impossible to watch the demagogue in action so I'll stick with Netflix reruns tonight. (Things are really heating up between Andy and Helen Crump -- how will it end?)
Al Capone never died — just changed his “identity”...
Folks, kindly boycott the Obama SOTU speech tonight by the millions and.......you will send a message to Democrat Party fools they will understand!!! Obama and his ilk of America haters and destroyers must go!!!
Granted I haven’t had time to follow these threads buy why doesn’t Congress override the veto. They have to have enough votes in an election year. I’d think they’d force the vote anyway just to get everyone on record.
I will vote for the person who brings people like Buffett, Soros and the like down.
The American people lose also. Just like we lost the $10 Billion given to Brazil so they could ship their oil to China. This guy should go now and not wait for the election.
Note from the linked story:
The rail option, though costlier, would lessen the environmental impact, such as a loss of wetlands and agricultural productivity, compared to the pipeline, according to the State Department analysis. Greenhouse gas emmissions, however, would be worse.
I'd like to see how the numbers were cooked for that conclusion.
“...And Buffet’s wife will be sitting in the “First Lady’s” box at the State of the campaign union speech tonight...”
Pay-To-Play always works with the Chicago reprobates.
And just another of many “IN YOUR FACE AMERICA” events to come...
""Follow the money..." should be the Republican mantra this election."
Yep. I think part of the reason the Establishment-types are so blind to this line of attack is that... that's how they got all of their money, too.
There should be one rule of thumb this election: if something "feels" wrong (crony Capitalism, corruption, the auto-unions bailout, etc.) it should be center stage along with a strong economic message- because millions of people are p*ssed off about what's going on...
That is exactly it. We need to change the rule. "No Secret Service protection once you leave office." That would change the way they do things for fours years...
“Throw Them All Out” by Peter Schweizer should be required reading before a person is allowed to cast a vote in this country. Just kidding, of course, but we’d have a whole new crop of legislators in DC if every voter read that book.
There’s an entire chapter of Warren Buffet and how he’s using DC politics to his advantage, incidentally. Crony capitalism at its best.
“You can steal more money with a briefcase than a gun”>”You can steal more money with the Speaker’s Gavel than a briefcase.”
When Investment Income is taxed at the same rate as Regular Income there will be no Investment....
We have the best government money can buy.
Amazing how many big friends of Obama seem to get money out of decisions made by Obama’s Adminsitration. Here is another link to the observation that the Keystone pipeline rejection benefits Warren Buffett, his fund and the funds holding in Burlington Northern RR.
I’ve been wondering what dear leader would have to do before people realized it was either him or them for quite a while.
Of course, who wants to bet we’ll start hearing dear leader trumpet the virtue of sacrifice and tell us how noble and selfless we are for being willing to give up our living for nothing?
It’s technically difficult to override a veto when there wasn’t one. You see, Obama signed the bill, and he’s breaking his own law.