Wednesday, December 5, 2012

CLIMATEOBAMA-Or How the U.S. Is Doing Under Obama's Razor-Sharp Leadership Lately

Here are a few recent incidents, new laws/rules and consequences that personify the tone and condition of the country under President BO (the amateur president)'s second term.

     McKeesport Tubular Operations spokeswoman,, Courtney Boone had this to say: "As a result of business conditions, including the negative effect of the high level of tubular imports (many of which we believe to be unfairly traded), we are adjusting production at our McKeesport Tubular Operations. This adjustment in production will impact approximately 142 hourly employees."

     The Internal Revenue Service has released new rules for investment income taxes on capital gains and dividends earned by high-income individuals that passed Congress as part of the 2010 health care reform law.

The 3.8 percent surtax on investment income, meant to help pay for health care, goes into effect in 2013. It is the first surtax to be applied to capital gains and dividend income.

The tax affects only individuals with more than $200,000 in modified adjusted gross income (MAGI), and married couples filing jointly with more than $250,000 of MAGI

     U.S. solar companies, First Solar Inc (FSLR.O) and SunPower Corp (SPWR.O), both of which received Obama stimulous money, unveiled plans to expand...in China.

     Timothy Geithner shows of his fuzzy math skills on entitlement ‘spending cuts.’ He said: “We've laid out a very comprehensive detailed framework of how we do it and in what stages with $600 billion of spending cuts spread over 10 years in entitlement programs.”

President Obama’s opening bid in the battle of wills with Republicans is essentially his fiscal year 2013 budget, so it’s fairly easy to get the details by looking at Table S-9 of the White House budget. Every policy change is detailed there across 20 pages of numbers, though a few items have already been enacted.

The shorthand used on the Sunday television shows was that Obama has proposed a $1.6 trillion tax increase (technically, $1.561 trillion.)

But that’s a net number, because Obama has also proposed $359 billion in tax cuts. The gross tax increase in the budget actually is more than $1.9 trillion.

Geithner’s “$600 billion” is a gross number — before additional spending, such as improving roads and bridges. Still, the administration position is that it is seeking a total of $1.6 trillion in tax increases and $600 billion in total “mandatory” cuts, even after offsets.

     The US taxcode may get 159 pages longer thanks to new rules issued by the IRS on investment income to be taxed as a result of the passage of Obamacare (The Affordable Healthcare Act).

     Not only that, the Internal Revenue Service has released new rules for investment income taxes on capital gains and dividends earned by high-income individuals that passed Congress as part of the 2010 healthcare reform law.

The 3.8 percent surtax on investment income, meant to help pay for healthcare, goes into effect in 2013. It is the first surtax to be applied to capital gains and dividend income.

The tax affects only individuals with more than $200,000 in modified adjusted gross income (MAGI), and married couples filing jointly with more than $250,000 of MAGI.

     Wall Street becomes volitile and is presently dipping as Fiscal Cliff approaches.

     The FBI has the e-mails of nearly all US citizens, including congressional members, according to NSA whistleblower William Binney. Speaking to RT he warned that the government can use information against anyone it wants.

     On the international front, the ARAB SPRING, so highly touted by President BO (the amateur president), seems to have turned into the ARAB WINTER.

In Egypt, citizens have been given just two weeks to consider the merits of a draft national constitution that will affect their lives for the foreseeable future, Egyptians were taking to the streets in large numbers on Tuesday to protest the latest development in their country’s chaotic political transition.

     All of this and Susan Rice continues to defend the misleading talking points she used in TV interviews about the jihadist

     Let's not forget Obamaphones, free gas, free cars, free healthcare and all the other free stuff his supporters have to look forward to.

These are all good things, right?

President BO (the amateur president) is to be commended for his astute leadership as the Chief Executive Officer of the United States and for his willingness to work with Congress to avoid the "fiscal cliff."

What a guy!

10 comments:

Spidey said...

Even dumass blue states realize they´re going to get stuck with medicaid expansion at some point. It´s already a thorn in their budget deficit woes. I´m sure in a lot of cases,medical providers are at the back of the line getting paid.You have no choice but to pay toilet paper vendors ahead of medical providers.

So it looks to me they´re way behind implementing this crazy scam from hell but that won´t stop them from wasting billions in the process.

Who knows what Obama dirt digging and spying can produce on hold out governors? You could have a simple email exposed that would be a career ender

Joe said...

Spidey: Obama is absolutely nothing more than a Chicago thug whose thirst for power and involvement in corruption is stereotypical.

TQM: "Now it’s YOUR turn to listen"

Just who do you think you are, coming to my blog and trying to force me to take your abuse?

I'll tell you who you are: you are a coward, a liar, a hate-filled idiotand a racist extrodinare.

"the Republican message against Obama has been nothing but one long racist tirade."

There's the absolute proof of your racism.

"I realize you’re paid by the click, but do you really want to be a jester?"

I don't get paid...period, you fool.

Let me make it clear that the First Amendment does not protect your "right" to say whatever you want on my blog. (It prevents the federal government from making any laws restricting what you can say about them.)

There is no "freedom of speech" on my blog.

If you want discussion, then discuss. But to just come here with unsubstantiated dribble, to name call and to offer nothing to discuss is not permitter (see my side bar).

Therefore you can color yourself gone.

Joe said...

TAM: "Good God... what a complete MORON...
I'm extremely sick and tired of the name calling..."

You don't consider that name calling?

Bye.

The Question Man said...
This comment has been removed by the author.
Ducky's here said...

First Solar, the biggest U.S. solar panel maker, agreed to supply 2 megawatts (MW) of its thin-film solar modules to a solar project in Xinjiang province in western China, in the first quarter of 2013.

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Hmmm, and thus is bad for American industry, why?

Ducky's here said...

The FBI has the e-mails of nearly all US citizens, including congressional members, according to NSA whistleblower William Binney. Speaking to RT he warned that the government can use information against anyone it wants.
============
A disgrace.

But remember, under Chucklenuts you were all cheering the Patriot Act.
Many fringe right wingers ere absolutely livid when the NYT published that the Bubba Bush administration had commandeered phone records from Verizon, AT&T et. al. They felt that the NYT was tipping off the terrorists.

Your hands aren't cean on this one, Joe.

Ducky's here said...

All of this and Susan Rice continues to defend the misleading talking points she used in TV interviews about the jihadist

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Who cares. Nothing but a ginned up controversy that is less interesting than the birther crusade.

Joe said...

Ducky: "...you were all cheering the Patriot Act."

Not me, Bud. I hated it from the get-go and said so. It is a direct ingringement of our Constitutional rights.

And its being expanded on under Obama.

Leticia said...

The liberals are going to soon realize they have made a grave error in judgement by re-voting for Obama again.

Shame we have to pay for their mistake as well.

Ducky's here said...

@Joe --- Not me, Bud. I hated it from the get-go and said so. It is a direct ingringement of our Constitutional rights.

And its being expanded on under Obama.

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Yes, I'll revise that, Joe.
There is a bipartisan distaste for the Patriot Act and Obama has not limited it in any way.