Democrats Like Howard Dean Want Taxes To Go Up On Everyone

Video here.

Dean views tax increases as a necessity to avoid having to cut spending.

Democrats see no need to keep taxes or spending low.

Democrat Senate Wants Your Taxes To Go Up, Won't Vote On Obama's Plan

Story and video here, quoting Mitch McConnell on what the Senate refused to vote on:

"[W]e didn’t just put together a bill that included [Obama's] $2 trillion tax increase – we also added the almost $400 billion in new tax stimulus measures he wanted as well. This bill contained a continuation of the payroll tax holiday, a 10 percent credit for new wages that will go to businesses big and small, and it included a fix to one of the many flawed provisions of Obamacare – an expansion of a tax credit for businesses that no one uses. This proposal reflected exactly what was in the President’s budget and his various submissions to Congress."

Flashback July 2011: Obama Didn't Need Tax Rates To Rise Then

Oh, but now he does. As he was a liar then, so is he now, and ever shall be. Amen.

Video here.

One Month Later, Obama Still Has Less Than 51% Of Popular Vote

One month after the election, Obama still can't crack the 51% level in the popular vote.

With 127.6 million votes counted, he's still at 50.88%, only just slightly better than George W. Bush's 2004 win with 50.73% when 122.3 million voted.

W didn't have a mandate then, and Obama doesn't now.

The truly remarkable thing about the presidential election remains the voters' giant shoulder shrug in the worst economy since WWII. We'll never know how things might have turned out had the Republicans not picked a me-too liberal and run a real conservative instead of Mitt Romney, whose first act after his nomination was formalized was to trot out his wife to assure us all how conservative was her husband. Liberal Democrats aren't the only ones suffering from projection syndrome.

As it was the voters shrugged in comparison to 2008 and 2004 when 43% and 42% of the population voted. This year just 40% did.

As FDR bought election after election during the Great Depression of the 1930s with direct federal assistance programs and interventions in the New Deal and culminating in the Social Security Act of 1935 in the Second New Deal, Obama has similarly blunted the pain of our economic straits with massive expansions of unemployment insurance, food stamps, welfare and disability, cell phones, heating assistance, et cetera, et cetera, et cetera, culminating in the Supreme Court's validation this summer of ObamaCare.

Whatever else may be said, doling out the goodies worked then, and it has worked again, which speaks volumes about the ineffectual nature of the kind of conservative revolution worked by Ronald Reagan, which was no revolution because it was at heart a compromise with the liberal welfare state, not an overturning of it.

Half of America may still hunger for a real meal of conservatism, but so far, all they've been fed are Twinkies.

This 47% Explains Why Democrats Want To Go Over The Fiscal Cliff

It's funny how 47% keeps coming up.

That's supposed to be the number of people who wouldn't vote for Romney because they were "the takers". 47% also turned out to be the percentage which actually ended up voting for Romney. And now it turns out that 47% is also the percentage of all the wages earned in this country by the middle class last year, which now stands to lose the most when Democrats shove them over the fiscal cliff because Obama won. They didn't show that ad of Paul Ryan shoving that lady in the wheelchair over the cliff for nothing. When you suffer from liberal projection syndrome, every time you accuse someone else you're just telegraphing what you intend to do yourself.

Nearly $3 trillion of the $6.2 trillion of wages in America in 2011, 46.8%, was made by people making between only $20,000 and $75,000 per year, and the only thing standing in the way of their taxes going up is President Obama's insistence that his victory means everything and the Republicans' victory in the House means nothing.

Democrats and liberal Republicans both cast their greedy eyes on those eleven compensation intervals piled up all together starting near the bottom of the income ladder in blue in the chart because not coincidentally those eleven together just happen to represent all the income aggregates which are also the largest of all, each in excess of $200 billion in 2011. We're talking about 71 million wage earners in this country out of 151 million who make all that money, which, oh my gosh, is also 47% of the workers.

Hm.

You'll look in vain for any aggregates among the very rich coming anywhere close to that kind of money, quite simply because there just aren't enough rich people in America to pile up tranches of $200 billion. Oh, there's  830,000 people accounting for, say $184 billion, who make between $200,000 and $250,000. Your dentist, probably. And then there's 275,000 Americans who make between $500,000 and $1 million. They account for just $183 billion. Some of these people probably own your favorite restaurants.

No, all the big piles of dough the Democrats "need" are "down low" because that's where all the people are, and the Democrats are comin' for you!  

So get ready all you people out there who voted for Obama, your taxes are going up big time, from this:

2013 Bush tax brackets

to this:

2013 Obama tax brackets

Have fun stormin' the castle!

Peter Schiff Reminds Us That The Debt Ceiling Isn't Original To The Country

For RealClearMarkets, here:

The debt ceiling itself is both an ill-conceived compromise and a relic of past governmental integrity. For its first 128 years as a republic, the United States was able to function without a debt ceiling. This was possible for the simple reason that U.S. government had no central bank and could not borrow beyond its ability to repay through taxation. And since the ability to tax is always limited by taxpayers' assets (and their extreme hostility to those who want to take them), legal gimmicks were not needed to prevent Congress from spending too freely. But the creation of the Federal Reserve in 1913 gave the Federal Government a potential means to borrow indefinitely by having the new bank buy its debt. Sensing this danger, the original Federal Reserve Act of 1913 prohibited the Fed from buying or holding government debt.

But just four years later the United States needed a means to raise money quickly to pay for its efforts in the First World War. The government passed an amendment to the charter to allow the Fed to purchase Treasury Bonds. Fearing (correctly) that this would create a mechanism for perpetual debt expansion, conservative lawmakers insisted that the amendment include a "debt ceiling" provision that would cap the amount that the government could borrow.

Stalin's Crimes Are Untold In Oliver Stone's Untold History Of The US

If anything is untold in Oliver Stone's Untold History of the United States, it's the history of Stalin's crimes while the US under FDR was still friendly with him.

Under Obama apologists for socialism from Milos Forman to Oliver Stone are crawling out from underneath their rocks.

And if they get what they want, we will all be swept away.

"According to evidence released from secret archives since the dissolution of the Soviet Union . . . [just] during 1937 and 1938, when the Great Terror was at its height, the security organs detained for alleged 'anti-Soviet activities' 1,548,366 persons, of whom 681,692 were shot -- an average of 1,000 executions a day. The majority of the survivors ended up in hard-labor camps. (For comparison, the tsarist regime between 1825 and 1910 executed for political crimes 3,932 persons.) In 1941, when Germany invaded the USSR, camps run by the Gulag, their main administrative body, held 2,350,000 inmates, or 1.4 percent of the country's population. The slave laborers performed important economic functions, being employed on large construction projects and forced to cut timber in the far north. No one responsible for these crimes against innocent people was tried after the Soviet Union had collapsed; indeed, they did not even suffer exposure or moral opprobrium but continued to lead normal lives.

"Censuses revealed that between 1932 and 1939 -- that is, after collectivization but before World War II -- the population of the Soviet Union decreased by 9 to 10 million people.

". . . existing humanity was debris, the refuse of a doomed world, and killing it off was a matter of no consequence."

-- Richard Pipes, Communism: A History (New York, 2001), 67ff.

Obama Milks Air Force One and Marine One To Toy Shop

Obama went to Pennsylvania to talk up his tax hike, slam Republicans, and then do a little toy shopping. Keith Koffler's bullshit detector went off, here, when he found out Marvin Nicholson, the caddy, was carrying packages on their return to the White House marked K'nex, where Obama spoke.

US vs. EuroArea17 GDP Growth Rates Since 2007

Latest EA17 (and EU27) performance discussed here.

After 4.7 Years, UK GDP Remains In Depression

The top chart, discussed here, shows the failure to recover to zero after 56 months compared to the same point in previous recessions. The lower chart shows GDP rates of growth from October 2006 to the latest available figures.

How To Know We've Lost The Country

When the likes of a Larry Kudlow, who plays the part of a spokesman for one of our important values and should know better than to descend to vulgarianism in public, gets so upset about raising taxes in the teeth of economic stagnation that he lets loose with "effing".

Today, at the end of the second hour of the program, right after which he complains about the loss of spirituality in America!

Really Larry, someone's got to have some class. If not you, who?

Why Obama And Dems Will Let Bush Tax Cuts Expire

Because in order to transform the taxpayer, first you have to destroy the taxpayer.

Real Retail Sales Still Have Not Bested The 2006 Peak

Data through September 2012, here.

Q3 2012 GDP Revised Up To 2.7% From 2.0% In Second Estimate

The full Bureau of Economic Analysis pdf may be found here.

Only two quarters have come in higher under Obama, the fourth quarters of 2009 and 2011 at 4.0% and 4.1% respectively.

All other quarterly reports of GDP have been lower than today's 2.7% report. It's appalling that there have been no reports in the 3.0s since Obama took the helm, especially after the depths to which we sank.

This is idle speed. The car is running in the driveway, warming up, but that's about it.

Democrat Senate Majority Leader Dirty Harry Changes His Tune

"The only way you can change the rule in this body is through a rule that now says, to change a rule in the Senate rules to break a filibuster still requires 67 votes. You can't do it with 60. You certainly cannot do it with 51."

-- 2005 

Hillary's Indentured Servitude To Obama: After 4 Years $25 Million Debt Is $73K

If there were really such a groundswell for Hillary, if there were really such a division in the Democrat Party between her partisans and Obama's, the one clamoring for her liberalism vs. the other urging Obama's radicalism, why has it taken this long to retire a measly $25 million campaign debt in a world of billion dollar campaigns?

Hillary isn't going away. She's been gone a long time, and the Democrat Party is a completely radicalized party.

Story here.

Oswald Spengler Warned Us About "Revenge" Communists Like Obama

"But there are two sorts of Communist. The one, the credulous type, obsessed by doctrine or feminine sentimentality, remote from and hostile to the world, condemns the wealth of the wicked who prosper and also, at times, the poverty of the good who do not prosper. This lands him either in vague Utopias or throws him back upon asceticism, the monastic life, Bohemia, or vagabondism, which proclaims the futility of all economic effort. But the other, the "worldly" type with the realist political outlook, hopes through its followers to destroy society, either from envy or revenge, because of the low place assigned in it to their personality and talents, or, alternatively, to carry away the masses by some program or other for the satisfaction of his own will-to-power. But this, too, likes to hide itself under the cloak of some religion."

-- Oswald Spengler, The Hour of Decision, 1933

"Voting's the best revenge."

-- Barack Obama, November 2, 2012 (here)

Destruction is the predicate of transformation.

ObamaCare Part-Times 59 Cedar Falls, Iowa, Public Employees

Because ObamaCare has a look-back period of one year for determining who must be offered health insurance, employers all across America are cutting back the hours of every employee they can to 29 per week right now in order to be exempt from the provisions starting in 2014.

The latest employer in the news is Cedar Falls, Iowa, which hopes to save about $850,000 by cutting its 32 hour workers to 29 hours, as reported here:

City attorney Tom Meyer said if every one of those 59 workers were to remain at 30 hours per week and get health insurance, it could cost the city as much as $850,000 per year.

Marijuana Makes At Least 2% Of Its Consumers Insane

So says a story for The UK Independent, here:

The long-suspected link between consuming cannabis and developing schizophrenia has been repeatedly confirmed by recent studies. Observers say that for cannabis the present moment is similar to that half a century ago when scientific proof of a connection between smoking tobacco and cancer became so strong that no serious doctor or scientist could deny it. ...

Sir Robin Murray, Professor of psychiatric research at the Institute of Psychiatry in London, says that studies show that "if the risk of schizophrenia for the general population is about one per cent, the evidence is that, if you take ordinary cannabis, it is two per cent; if you smoke regularly you might push it up to four per cent; and if you smoke 'skunk' every day you push it up to eight per cent".

If you were wondering why America is the way it is under Obama, you now know why.

Romney Was A Terrible Candidate Because He Is A Liberal

So says Steve Baldwin, here, who unaccountably fails to mention that team Obama wanted Romney to be the Republican candidate for that very reason:

"[A]s any conservative from Massachusetts knew, Romney was a liberal at heart who, as Governor, led the nation in passing three of the left’s most sacred issues: Same sex marriage, Cap and Trade, and government control of health care. ...

Romney’s liberal record on taxes (yes, he taxed the corporate world in Massachusetts), Cap and Trade (first in the nation!), gay marriage, gay rights, quotas, gun control, immigration, etc, etc. was little known outside of Massachusetts because many of America’s leading conservatives decided to portray him as someone he wasn’t. Even a number of prominent right to life and national pro-family groups and leaders made a decision to remake Romney as a conservative even though they knew he was not. I should know; I briefed many of them about Romney’s record. Had the conservative leadership told the truth about Romney’s record as Governor, it’s likely he wouldn’t have won the GOP nomination."

That tells you all you need to know about the Republican Party, which doesn't just settle for liberalism. It settles for liberalism of the worst kind. And the so-called conservatives cooperated.

To hell with all of them.