How Many Gay Sailors Does It Take To Screw In A Light Bulb?

One. However, it takes a whole emergency room to get it out.

While Warren Buffett Wants To Raise Your Taxes, He's Been Fighting His Since 2002

So says The New York Post here:

Billionaire Warren Buffett says folks like him should have to pay more taxes -- but it turns out his firm, Berkshire Hathaway, hasn’t paid what it’s already owed for years. ...

[T]he company openly admits that it owes back taxes since as long ago as 2002.

“We anticipate that we will resolve all adjustments proposed by the US Internal Revenue Service (“IRS”) for the 2002 through 2004 tax years ... within the next 12 months,” the firm’s annual report says.

It also cites outstanding tax issues for 2005 through 2009. ...

Obama, and co-conspirators like Buffett, claim to want to slap only “millionaires and billionaires.” ...

Obama’s hikes on “millionaires and billionaires” actually start with folks earning as little as $200,000.

Buffett's annual report states he is fighting the IRS over $1 billion in unpaid taxes.

Obama's Lies on Taxes Obvious Even to the Associated Press

Today, in a fact-check piece by Stephen Ohlemacher :

President Barack Obama makes it sound as if there are millionaires all over America paying taxes at lower rates than their secretaries.

"Middle-class families shouldn't pay higher taxes than millionaires and billionaires," Obama said Monday. "That's pretty straightforward. It's hard to argue against that."

The data tell a different story. On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.

The rest summarizes all the data, here.

Sharp Uptick in ATM Crime Since June When Obama Blamed Tech. for Unemployment

Seen here:

"Hey #attackwatch, I saw 6 ATM's in an alley, killing a Job. It looked like a hate crime!" wrote @thorninaz.

Obama blamed technological efficiencies like ATMs for unemployment in June, as reported here:

On the June 14 edition of NBC's "Today," President Barack Obama ascribed part of the blame for the high unemployment rate to ATMs, yet most media outlets continue to ignore the gaffe.

"There are some structural issues with our economy where a lot of businesses have learned to become much more efficient with a lot fewer workers," lectured Obama in an interview with NBC's Ann Curry. "You see it when you go to a bank and you use an ATM, you don't go to a bank teller, or you go to the airport and you're using a kiosk instead of checking in at the gate."

Cash For Clunkers Was Extremely Successful

Seen here:

"hey #AttackWatch I heard the only good 'Cash For Clunkers' did was get all the obama stickers off the roads, thank you," tweeted @speedyjerry.

All, except for this one:

A paroled killer’s “Obama” bumper sticker was the break that helped cops nab the man accused of the cold-blooded murder of a Tedeschi’s convenience store clerk, jurors in Edward Corliss’ murder trial learned yesterday.

Nissan Maximas, of course, are not clunkers:

Please Send This To AttackWatch.com

Seriously:

Arrogant Prick

The Obama Jobs Bill 'Right Now' Farce

Jobs 'right now' had to wait for Obama's August vacation to conclude, and for over 2.5 years of his first, and hopefully last, term of office.

Then 'right now' got serious in the speech to Congress in early September, where he actually said 'right now' seven times.

News outlets reported Obama actually had a bill on paper to introduce on the day of the speech.

Obama waved around for the cameras over a hundred pages of something he claimed was the jobs bill.

But despite 'right now' a bill hasn't been introduced in the House, and now Democrats in the Senate expect to have a bill sometime in October, about a month from the fierce urgency of 'right now'.

Andrew Malcolm ridicules the whole thing here in The Los Angeles Times:

Well, here we are on the next Monday after that next Monday and we've just learned from the No. 2 Democrat in the Senate, Dick Durbin, that actually it seems that body won't really be seriously getting into the legislation for a while yet. The Senate has some other more important business to handle. And then there's this month's congressional vacation, which in Washington is called "a recess," like elementary school. 

Communist idlers.

Oh yeah. Great shot of Obama doing The Mussolini, too:

The blended strongman

Matt Latimer Doubts Obama is a Closet Muslim . . .

. . . and just about everything Joe McGinniss says about Sarah Palin in a new book, here.

When Matt starts doubting Obama is a secular humanist, then we're all in trouble.

Just for fun, here's a screen shot of the Fox News poll of 911 registered voters from late August showing 71 percent of Republicans don't want Sarah to run for president:

'Hubbert's Peak Is Still Not In Sight'

So says Daniel Yergin for The Wall Street Journal, here:

By 2010, U.S. oil production was 3.5 times higher than Hubbert had estimated: 5.5 million barrels per day versus Hubbert's 1971 estimate of no more than 1.5 million barrels per day.

Solyndra: A One Half Billion Dollar Microcosm of Obama's Crony Capitalism

Which rewards the takers, not the makers.

Read about it here, from James Pethokoukis:

"politicians enriching favored businesses, who then return the favor." 

Saudi Arabia Puts The Screws To The Muslim Sympathizer In Chief

Turki al-Faisal, here, in The New York Times:

Today, there is a chance for the United States and Saudi Arabia to contain Iran and prevent it from destabilizing the region. But this opportunity will be squandered if the Obama administration’s actions at the United Nations force a deepening split between our two countries. ...

American support for Palestinian statehood is therefore crucial, and a veto will have profound negative consequences.


Expect more bowing to Saudi Arabia from President Obama: "Palestinian" statehood based on the pre-1967 borders, despite Israel's right to Judea and Samaria as the spoils of the 1967 war, will not be vetoed by the US at the UN because Obama, well, you know, has a problem with Israel.

The tyrant is but the slave turned inside out.

The Pittsburgh Press, June 12, 1967

The Shiller Price to Earnings Ratio in the News

From Jack Hough for The Wall Street Journal, here:

The plain old trailing P/E—the one that suggests stock prices are normal—is at least based on known earnings, so it's a good place to start in deciding whether stocks are affordable. But it has a flaw: If the past year's earnings were unsustainably high, today's P/E might be deceivingly low.

One fix is to take an average of many years of trailing earnings. Yale economist Robert Shiller advocates using 10 years, adjusted for inflation. His "cyclically adjusted P/E" is 20.8, versus an average since 1881 of 16.4.

Mr. Shiller's measure suggests stocks are a bit pricey, and another signal agrees. According to government statistics, after-tax corporate earnings are near a record high relative to worker wages. In the past, similar readings have foretold sharp earnings drops.

Today, that scenario isn't certain, because companies make more of their money overseas than in the past. "The government data might be a warning," says Mr. Shiller.

So it is time to be cautious, but not necessarily to flee stocks. U.S. ones are priced to deliver long-term inflation-adjusted returns of 4 percent a year, including dividends, reckons Mr. Shiller, about double what the 10-year Treasury bond pays.

FORD Owner 'Chris' Slams Auto Companies Receiving Government Bailouts

As reported here:

"I wasn't going to buy another car that was bailed out by our government. I was going to buy from a manufacturer that's standing on their own: win, lose, or draw. That's what America is about is taking the chance to succeed and understanding when you fail that you gotta' pick yourself up and go back to work. Ford is that company for me."

Chris is obviously referring to the fact that Chrysler got bailed out once before long ago in addition to its most recent bailout, which was also taken by GM.

Memo to Sarah Palin and Michele Bachmann: The auto bailouts are crony capitalism at its worst. Why aren't you talking about that instead of Gov. Perry and Gardasil?

Because you're phonies, that's why!

California Democrat Calls Obama's Mortgage Crisis Responses Abysmal Failures

At TheHill.com, here:

"The administration has been AWOL on this issue," charged Rep. Dennis Cardoza (D-Calif.), "and the American people are suffering because of the mismanagement."

"In my entire political career, I've never seen anything this irresponsible," he added. ...

"I couldn't wait to get Obama in office because I was sure a Democrat would do a better job," Cardoza said, referring to the foreclosure-relief efforts under the Bush administration. "And, frankly, nothing's happened. The programs that were put in place were abysmal failures."

Liberal Bloomberg Makes a Veiled Threat of Violence, Throwing Down the Gauntlet

If a Republican issued these kinds of warnings, liberals like Bloomberg would be calling them the completely inappropriate kind of incendiary remarks typical of right wing extremists:

Mayor Bloomberg warned Friday there would be riots in the streets if Washington doesn't get serious about generating jobs.

"We have a lot of kids graduating college, can't find jobs," Bloomberg said on his weekly WOR radio show.

"That's what happened in Cairo. That's what happened in Madrid. You don't want those kinds of riots here." ...

"Now everybody's got to sit down and say we're actually gonna do something and you have to do something on both the revenue and the expense side."


Typical hypocritical liberal intemperance.

NPR Notices Obama Riffing on Jesus, But Prefers a Different Reference

NPR story here. Ours here.

Nine States and 1.4 Million Votes in 2008 Made Obama President Instead of McCain

That's what we said here about Obama's vote margins way back in 2009, which looked like this:

Colorado 215,000

Florida 236,000

Indiana 28,000

Iowa 147,000

Nevada 121,000

New Mexico 126,000

North Carolina 14,000

Ohio 262,000

Virginia 235,000.

Now others are catching on, especially as Obama's support in those states dries up.

From The Washington Times, here:

Mr. Obama was able to win three years ago mainly because he captured nine states that had gone for Republican George W. Bush in 2004: Florida, Ohio, North Carolina, Virginia, Indiana, Colorado, Iowa, New Mexico and Nevada. Combined, those states will account for 112 electoral votes in 2012.

But with just over a year until the next election, Mr. Obama’s rating has fallen below 50 percent in every one of those states — always a warning sign for an incumbent. In only one state, Iowa, is his approval rating, 48 percent, higher than his disapproval rating, 45 percent.

The key point missing from the article, however, is that Obama turned out a massive Democrat vote in those states, garnering 3.04 million more votes than John Kerry received in 2004, while McCain failed to turn out the Republican vote, receiving nearly 200,000 fewer votes than George Bush did in 2004.

Obama is extremely vulnerable in 2012 for a host of reasons, not the least of which already is enthusiasm.

Why is This Woman Smiling?

Because she's got a boot up your ass, that's why.

Barack Obama Thinks He's Jesus Christ

"But if you love me you've got to help me pass this bill."

-- Obama, here

"If ye love me, keep my commandments."

-- Jesus, The Gospel of John 14:15

Can No One Tell The Truth, Even About The Great Depression?

Seen here:

Between 1929 and 1933, U.S. gross domestic product contracted by around 30%.

Where the hell does that come from?

In 1929 GDP was $103.6 billion. By the end of 1933 GDP had declined to $56.4 billion. That's a decline of over 45 percent, not "around 30 percent."

Matthew Lynn for Marketwatch.com is talking about "the buying opportunity of a lifetime" at the link.

Really? With the Shiller price-to-earnings ratio at 20.43?

The buying opportunity of my lifetime was between 1973 and 1983, when the Shiller p/e ratio rattled around 10, fifty percent lower than it is today. And it just so happens that I didn't have any money to invest in those years like I do today because of a lifetime of saving.

Not even March 2009 was the buying opportunity of a lifetime, when the Shiller p/e fell to around 15.

If you are wise you will keep your powder dry until you see the whites in their eyes, so to speak, when we get to 10. But even then, can you live with yourself if you pull the trigger and then a total market collapse like 1929 brings the p/e closer to 5?

Well, can ya?

Remember the one true thing of Keynesianism: markets can stay irrational longer than you can stay solvent. A decline from 10 to 5 can wipe out 50 percent of what you have.

There is nothing which cannot repeat itself, because human nature does not change.