North Dakota Railroad Involved In Accident Causing Oil Inferno Is Wholly Owned By Warren Buffett

The New York Post has the story here, but never mentions Warren Buffett, who has become richer off transportation of oil by rail because his pal Barack Obama did him a favor by stopping the XL pipeline in exchange for his support for higher taxes on the rich:

The derailment happened amid increased concerns about the United States’ increased reliance on rail to carry crude oil. Fears of catastrophic derailments were particularly stoked after last summer’s crash in Canada of a train carrying crude oil from North Dakota’s Bakken oil patch. Forty-seven people died in the ensuing fire. The tracks that the train was on Monday pass through the middle of Casselton, and Morris said it was “a blessing it didn’t happen within the city.” The train had more than 100 cars, and about 80 of them were moved away from the site.

According to Wikipedia, here, and BNSF's own website:

The BNSF Railway is the second-largest freight railroad network in North America, second to the Union Pacific Railroad (its primary competitor for Western U.S. freight), and is one of seven North American Class I railroads. It has three transcontinental routes that provide high-speed links between the western and eastern United States. BNSF trains traveled over 169 million miles in 2010, more than any other North American railroad. ... Headquartered in Fort Worth, Texas, the railroad is a wholly owned subsidiary of Berkshire Hathaway Inc.

Largest Sums Of Federal Revenue Forfeited Because Of The Tax Code, Joint Committee On Taxation, 2012-2016

$706.6 billion: exclusion of employer contributions for healthcare, health insurance premiums and long term care insurance premiums.

$596.0 billion: reduced rates of taxation on dividends and long term capital gains.

$505.3 billion: net exclusion of pension contributions and earnings to defined benefit/contribution plans.

$364.0 billion: mortgage interest deduction.

$319.7 billion: earned income tax credit.

$305.0 billion: exclusion of Medicare Parts A&B benefits.

$289.4 billion: credit for children under 17.

$259.2 billion: deduction of nonbusiness state and local government income taxes, sales taxes and personal property taxes.

$239.7 billion: deferral of active income of controlled foreign corporations.

$236.1 billion: exclusion of capital gains at death.

$184.3 billion: subsidies for participation in healthcare exchanges.

$182.8 billion: exclusion of interest on public purpose state and local government bonds.

$175.8 billion: exclusion of benefits provided under cafeteria plans.

$172.4 billion: deduction for charitable contributions.

$172.1 billion: exclusion of untaxed Social Security and railroad retirement benefits.

$153.8 billion: exclusion of investment income on life insurance and annuity contracts.

$143.0 billion: property tax deduction.

$124.1 billion: exclusion of capital gains on the sale of a home.

$119.1 billion: credits for tuition for post-secondary education.

American Killer Obama Shakes Hands With Cuban Killer Castro

The outrage is that Obama's still our president, not that he shook hands with a fellow murderer.

Story here.

Former MT Governor Democrat Brian Schweitzer Calls Obama A Corporatist

The story, here, is attracting quite a discussion in the comments section about how a lefty like Obama could possibly also be a fascist, since Schweitzer characterizes Obama's entire presidency as a move to the right.

The true believers are furious with Obama.

Obama Lies About Everything, Even The Small Stuff Like His Illegal Alien Uncle Omar

From The Boston Herald, here:

[I]n 2011 ... media outlets asked the White House if the two men had ever met. The answer was no. ... However ... Uncle Omar testified in court that his nephew had stayed with him for three weeks when he was at Harvard Law School . . .. And what do you know, the president confirmed his uncle’s story.

Turley Says Obama Is Becoming The Very Danger The Constitution Was Designed To Avoid

Here:

The danger is quite severe. The problem with what the president is doing is that he's not simply posing a danger to the constitutional system. He's becoming the very danger the Constitution was designed to avoid. ... [W]e have had the radical expansion of presidential powers under both President Bush and President Obama. We have what many once called an imperial presidency model of largely unchecked authority.

Obama Affordable Veterinary Act

h/t Chris, who always seems to come through on a slow news day

NY Times Photographer Likens Obama Image Management To Communist Propaganda From Soviet State News Agency TASS

Yeah, well, here's why!

And you thought the extremists were in the Tea Party.

Reported here:

Barack Obama's White House has been accused of producing Soviet-style propaganda by press photographers who are furious at being denied access to the US president. Mr Obama's aides routinely block independent photographers from capturing him at work, before distributing flattering pictures shot by Pete Souza, his official photographer. During a tense meeting at the White House, the practice was described by Doug Mills, a veteran photographer for The New York Times, as “just like TASS,” the Soviet Union state news agency.

The Dallas Federal Reserve Bank Draws A Graph Showing How Much Obama Sucks

Red is where we are. Green is where we should be.

Obama is the worst president since he's been born.

h/t James Pethokoukis

Dear President Obama

Obama Job Approval At Real Clear Politics Hits A New Low Today

The previous low, shown on the graph, was 42.1. Today Obama falls to 42.0 in Real Clear Politic's composite data.

Whitehouse.gov still lies tonight about keeping your health insurance

You didn't build that, Obama did.

Obama Built That 2.0

Liars gonna lie

"Obama denies he made a promise that was videotaped two dozen times."

Bill Kristol Says Cuccinelli Ran Better In Virginia Than Romney

This morning on the Laura Ingraham Show.

He's right.

Romney lost to Obama in Virginia by 149,000 votes, less than 4% of the total cast, with just 60,000 votes going to third party candidates, not enough to have made a difference.

But Cuccinelli lost to the Democrat in Virginia by 55,000 votes, only 2.5% of the total cast, with 146,000 votes going to the Libertarian, more than enough to have made the difference.

As a social and economic conservative, Cuccinelli more vividly drew the distinction between himself and liberalism's fellow travelers, including those in the Republican Establishment who turned their backs on Cuccinelli after September, as did also Chris Christie, who couldn't find the time to stump for a fellow Republican in a close race in a nearby state.

But there Christie was, protesting his conservatism on election day, here:

The GOP governor, who's seriously considering a bid for the 2016 Republican presidential nomination, also distanced himself from his moderate label.

"I'm a conservative," Christie said. "I've governed as a conservative in this state, and I think that's led to some people disagreeing with me in our state, because it's generally a left-of-center, blue state."

Cuccinelli was the real deal. Chris Christie is not. 

What If Obama's Insurance Policy Got Canceled?

Hm.

When We Said Both America And China Had Fascist Economies, It Didn't Make News Like Tom Easton Made Wednesday

2nd generation type 094 missile boats can now threaten US

OK, call us early (here and here).

Tom Easton, American Finance editor for The Economist, here:

... [H]e declared that he had recently moved to the U.S. from China, but “didn’t leave a state-run economy. ... Everyone talks about how all-pervasive the Chinese economy and government is inside of it,” he says. The Chinese government “directs capital, controls the banking system and the ‘highlands’ of important industries. I’m still in China when I came back to America.”

--------------------------------------------

The next war will be like the last war, a clash between iterations of socialism, but there won't be a more or less free market economy around afterwards, as there was last time, to pick up the pieces.

Obama Lied About His Own Mother's Insurance History, So Why Be Surprised He's Lied To You?

Byron York, back in 2011, here:

Dunham unquestionably had health coverage. "Ann's compensation for her job in Jakarta had included health insurance, which covered most of the costs of her medical treatment," [Janny] Scott writes. "Once she was back in Hawaii, the hospital billed her insurance company directly, leaving Ann to pay only the deductible and any uncovered expenses, which, she said, came to several hundred dollars a month." ... the story Obama told, Scott writes, was "abbreviated" -- the abbreviation was to leave out the fact that Ann Dunham had health insurance that paid for her treatment. "Though he often suggested that she was denied health coverage because of a pre-existing condition," Scott writes, "it appears from her correspondence that she was only denied disability coverage."

You can keep your insurance, healthcare.gov hasn't crashed, and . . .

. . . blackwhite.