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  • Senate Votes to Raise Taxes on Small Businesses

    07/26/2012 7:38:05 AM PDT · by IbJensen · 55 replies
    Heritage Foundation ^ | 7/26/2012 | Amy Payne
    Yesterday, the Senate narrowly voted (51-48) to raise taxes on 1.2 million small businesses, which will likely kill more than 700,000 jobs at a time when nearly 13 million Americans are out of work. Senators Joe Lieberman (I-CT) and Jim Webb (D-VA) joined all Republicans in bipartisan opposition to the tax hike. This is President Obama’s economic plan. This is what he asked Congress to do. And he recently told a fundraising crowd that his economic plan has been working. “Just like we’ve tried [Republicans'] plan, we tried our plan—and it worked,” he said. But Obama’s Treasury Secretary, Timothy Geithner,...
  • Geithner Admits Obama Was Part of Congress that Caused Economic Woes

    03/28/2012 9:22:53 AM PDT · by Sub-Driver · 5 replies
    Geithner Admits Obama Was Part of Congress that Caused Economic Woes Daniel Halper March 28, 2012 11:58 AM At a hearing today on Capitol Hill, Treasury Secretary Tim Geithner blamed members of Congress (before 2008) for the economic troubles: When Geithner is reminded by a member of Congress that President Obama was a member of that congressional body, he's forced to admit, "Oh, I see you're point. That's a good point. He was a senator for two years. You're right." The member of Congress then says, "He had an opportunity to be part of the solution." Geithner replies, "That's true."
  • Keystone bill defeated by US Senate Democrats (Obama and the other Rats want higher gas prices)

    03/08/2012 2:27:10 PM PST · by tobyhill · 33 replies
    reuters ^ | 3/8/2012 | staff
    A Republican bid to fast-track the Keystone XL crude oil pipeline was defeated by Senate Democrats on Thursday in a vote to amend the chamber's highway funding bill.
  • Energy Secretary Chu Admits Administration OK with High Gas Prices (Adios Obama!)

    02/29/2012 2:22:20 PM PST · by tobyhill · 20 replies · 4+ views
    yahoo ^ | 2/29/2012 | By Mark Whittington
    President Barack Obama's Secretary of Energy Stephen Chu uttered the kind of Washington gaffe that consists of telling the truth when inconvenient. According to Politico, Chu admitted to a House committee that the administration is not interested in lowering gas prices. Chu, along with the Obama administration, regards the spike in gas prices as a feature rather than a bug. High gas prices provide an incentive for alternate energy technology, a priority for the White House, and a decrease in reliance on oil for energy. The Heritage Foundation points out that hammering the American consumer with high gas prices to...
  • Proposed Obama budget includes surge in tax hikes (Obama plans tax hikes for EVERYONE)

    02/14/2012 7:53:56 PM PST · by tobyhill · 13 replies
    Fox News ^ | 2/14/2012 | fox news
    President Obama's proposed 2013 budget contains a decade-long surge of tax hikes that, if approved, would affect everything from income to investment to inheritance. The budget blueprint contains roughly $2 trillion in new taxes and fees. When other tax cuts and credits are counted, the net impact from the proposals is still about $1.5 trillion. Though Republicans already are mounting a vigorous campaign against the proposal, many of the tax provisions still could become law unless Congress takes action to stop them. ,,,, But the budget also imposes various fees, such as a hike in the airline "security fee," as...
  • (Tax-cheat Timmy) Geithner: Tax hikes must be part of budget (will correct 'fiscal problems')

    02/15/2012 1:42:03 AM PST · by Libloather · 16 replies · 1+ views
    The Hill ^ | 2/14/12 | Peter Schroeder
    Geithner: Tax hikes must be part of budgetBy Peter Schroeder - 02/14/12 01:18 PM ET Treasury Secretary Timothy Geithner told skeptical Republican senators Tuesday that it is simply not possible to correct the nation’s fiscal problems without raising taxes. Geithner defended President Obama’s 2013 budget proposal before the Senate Finance Committee and said the plan is the only option he sees for helping the economy and addressing the deficit without hurting the middle class. "I do not see how you get there if you are unable ... to contemplate and to embrace modest increases in revenue through tax reform," Geithner...
  • Businessman's Sign: No Hiring Until Obama Gone

    A west Georgia business owner’s sign that he is not hiring until President Obama leaves office is going viral, according to a local Georgia television station. "New Company Policy: We are not hiring until Obama is gone," read the company’s signs on the side of its trucks, according to the station, 11Alive. "Can't afford it," explained the employer, Bill Looman. "I've got people that I want to hire now, but I just can't afford it. And I don't foresee that I'll be able to afford it unless some things change in D.C." Looman's company is U.S. Cranes, LLC. He said...
  • For supercommittee, failure was an option (could have been heroes - go home bums)

    11/22/2011 4:18:09 AM PST · by Libloather · 10 replies
    Kansas City ^ | 11/22/11 | KEITH CHROSTOWSKI
    For supercommittee, failure was an optionBy KEITH CHROSTOWSKI - The Kansas City Star Updated: 2011-11-22 Well, they’ve blown it. Failure was an option. The 12 supercommittee senators and representatives announced Monday they couldn’t come up with a spending, taxing and deficit reduction package. Thanks for wrecking everyone’s Thanksgiving. The stakes for the long-term health of the economy have just grown more dire. America’s reputation for leadership has just taken another hit. An agreement would have provided a bracing contrast to the struggles in Europe over the debt crisis there. It would prove to the world that the United States can...
  • Kerry on Debt Panel Outcome

    11/21/2011 3:55:24 PM PST · by mdittmar · 18 replies
    Senator John Kerry (D-Mass.) ^ | November 21, 2011 | Senator John Kerry (D-Mass.)
    For Immediate Release: Monday, November 21, 2011 WASHINGTON, D.C. – Senator John Kerry (D-Mass.) today made the following statement after an announcement by co-chairs Senator Patty Murray (D-Wash.) and Rep. Jeb Hensarling (R- Texas) that the Joint Select Committee on Deficit Reduction was unable to reach an agreement on a plan to reduce the deficit by at least $1.2 trillion:“I'm deeply disappointed with this outcome. We all are. This was an historic moment to do something big, bold, and balanced that demanded shared sacrifice to put our country first. Everyone worked hard and everyone wanted success.“It’s too easy just to...
  • Rangel wants wealth redistribution, says rich didn't sacrifice for war

    10/26/2011 9:39:39 AM PDT · by jazusamo · 28 replies
    The Hill ^ | October 26, 2011 | Pete Kasperowicz
    Rep. Charlie Rangel (D-NY) on Wednesday called for the redistribution of America's riches and hammered the wealthy for benefitting from a war effort fought by the poor and middle class. Citing statistics that show 1 percent of Americans now own 42 percent of the nation's wealth, the lawmaker representing Harlem said: "There is something wrong with that formula." Rangel offered no specific remedy for adjusting those figures during his comments on the House floor, but argued further that the wealthiest one percent have the added benefit of not needing to get involved in military service. "Why is it that we...
  • They want $lice of the occu-pie: 500G fight at Zuccotti (Occupy Wall Street)

    10/23/2011 5:35:35 AM PDT · by lowbridge · 81 replies
    NY Post ^ | october 23, 2011 | GINGER ADAMS OTIS
    <p>Occupy Wall Street’s Finance Committee has nearly $500,000 in the bank, and donations continue to pour in -- but its reluctance to share the wealth with other protesters is fraying tempers.</p> <p>Some drummers -- incensed they got no money to replace or safeguard their drums after a midnight vandal destroyed their instruments Wednesday -- are threatening to splinter off.</p>
  • Michelle Obama's Africa Vacation Cost More Than $432,142

    10/04/2011 12:41:44 PM PDT · by Free ThinkerNY · 20 replies ^ | Oct. 4, 2011 | Paul Bedard
    First lady Michelle Obama's family trip to South Africa and Botswana in June cost taxpayers well over $424,000, according to new accounting based on Air Force manifests obtained by Judicial Watch, a taxpayer watchdog group. The use of Air Force aircraft alone for the June 21-27 trip cost $424,142, said the group, and that doesn't include the food, lodging, and ground transportation for the 21 family and staff members. Judicial Watch said it based the jet costs on the Pentagon's hourly rates for the C-32A aircraft used for the trip. The documents don't give exact cost calculations, which is typical...
  • Michelle O Flaunts $42,000 bracelet in NY while we suffer

    09/22/2011 3:19:11 AM PDT · by The Sparrow · 47 replies
    Culture Map Houston ^ | 09.21.11 | Shelby Hodge
    While we're fighting with our own, the queen is out there flaunting her wealth again while Americans "eat their peas."
  • Fed ramps up aid to economy with $400 billion stimulus

    09/21/2011 11:57:26 AM PDT · by NormsRevenge · 30 replies
    Yahoo ^ | 9/21/11 | Mark Felsenthal and Pedro da Costa - Reuters
    WASHINGTON (Reuters) - The Federal Reserve on Wednesday dialed up its aid to the beleaguered U.S. economy, launching an effort to put more downward pressure on long-term interest rates over time and help the battered housing sector. The Fed said it would launch a new $400 billion program that will tilt its $2.85 trillion balance sheet more heavily to longer-term securities by selling shorter-term notes and using those funds to purchase longer-dated Treasuries. It will now also reinvest proceeds from maturing mortgage and agency bonds back into the mortgage market, an acknowledgement of just how weak conditions in the sector...
  • Obama: I’ll veto any bill that isn’t “balanced” with tax hikes

    09/19/2011 9:15:28 AM PDT · by SeekAndFind · 68 replies
    Hotair ^ | 09/19/2011 | Ed Morrissey
    He’s got a deficit-reduction package that can’t clear the House, thanks to massive new tax hikes that everyone knows are a deal-killer. He has a jobs package that can’t clear the Senate. What’s a President to do? Threaten a veto: President Obama warned he will veto any deficit plan brought to him by Congress that wasn’t ‘balanced’ between taxes and spending cuts.‘We are not going to have a one-sided deal that hurts the folks who are most vulnerable,’ Obama said Monday morning, speaking from the Rose Garden.He rejected accusations that tax increases for the wealthy was ‘class warfare’.The president argued,...
  • Obama increases his personal debt ceiling -- his-and-hers jets for vacation

    08/19/2011 9:55:09 PM PDT · by garjog · 18 replies
    Daily Mail ^ | 19th August 2011 | Daily Mail Reporter
    Before it had even started in earnest, the much-maligned vacation became a PR nightmare, after it emerged this morning that he and his wife took separate government jets to Martha's Vineyard just hours apart. Michelle Obama​ was revealed to have arrived at the Massachusetts retreat, only 500 miles from Washington, four hours before her husband yesterday. ... The extra transport to get the the First Lady to the island for only a few more hours of vacation time will have cost taxpayers thousands in additional expenses. The costs related to Mrs Obama’s solo trip mainly include the flight on the...
  • And he's off! Obama all smiles as he jets to Martha's Vineyard - as approval plummets

    08/18/2011 6:26:36 PM PDT · by Nachum · 40 replies
    Daily Mail ^ | 8/18/11 | Staff
    With his approval rating dropping to historic lows, unemployment at an epic high and the Dow closing in the gutter, President Barack Obama is cutting his losses and taking a few days off. The president will be staying with his family at the Blue Heron Farm, a sprawling, $50,000-per-week estate with plenty of room for staff and Secret Service agents accompanying him on the trip. Mr Obama boarded Air Force One with First Dog Bo on Thursday as a new poll showed a startling loss in the commander-in-chief's favourability before he heads to Martha's Vineyard.
  • Obama's Vineyard Vacation Will Cost Taxpayers Millions

    08/14/2011 2:49:41 PM PDT · by IbJensen · 45 replies
    US News ^ | 8/11/2011 | Paul Bedard
    At a time when many more cash-strapped Americans are stuck at home instead of vacationing at the beach, President Obama next week will lead an entourage of several dozens to exclusive Martha's Vineyard island at a cost of millions to taxpayers. While technically he is paying for his estimated $50,000 a week rental of the 28-acre beachfront Blue Heron Farm in woodsy Chilmark, the dozens of U.S. Secret Service agents, communications officials, top aides, drivers, and U.S. Coast Guard personnel with him will be covered by taxpayers as with every other presidentialvacations. His 11-day stay will require the Coast Guard...
  • Democratic Hill staffers head to Maui on taxpayer's dime -Senate Indian Affairs field hearing

    08/11/2011 10:47:16 PM PDT · by STARWISE · 35 replies
    Daily Caller ^ | 8-11-11 | Matthew Boyle
    Senate Democrats are charging taxpayers for a trip to Hawaii, The Daily Caller has learned. The entire press staff of the Senate Indian Affairs Committee is in Maui, even though a field hearing there won’t happen until next Wednesday. The committee’s oversight field hearing, scheduled for next Wednesday at 9 a.m. at the Maui Beach Hotel, will focus on “Strengthening Self-Sufficiency: Overcoming Barriers to Economic Development in Native Communities.” Rick Manning from Americans for Limited Government, which first discovered the hearing, told TheDC it’s unbelievable that Hill staffers talking about fiscal responsibility would waste money on a trip to Maui....
  • Obama Makes History (of Our AAA Credit)

    08/08/2011 6:03:28 AM PDT · by markomalley · 15 replies
    The Obama administration and congressional Democrats are betting their political futures on the hope that the American electorate is ignorant and forgetful, and hence the memo has gone out to functionaries hither and yon, from David Axelrod to John Kerry: This is to be called the “tea-party downgrade.” That this is said with straight faces bespeaks either an unshakable contempt for the mind of the American voter or an as-yet unplumbed capacity for Democratic self-delusion. Let us revisit the facts. The original debt-ceiling deal put forward by the Democrats totaled $0.00 in debt reduction. This would have fallen approximately $4...