Day: September 18, 2011

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Chris Wallace Herman Cain Republican

Herman Cain Cannot Say If Bugs Bunny Is His Economic Adviser

Appearing on the Fox News network today, was the grandfather of pizza making and a Republican presidential candidate, Herman Cain. Like you’ve probably heard in his Republican debates, Cain is pushing a 999 plan that he claims, is the missing link to cure the country’s economic woes. A plan that will introduce a flat tax rate for Corporations, individual income and national retail sales tax.

When introducing his plan, Cain said;

“It is revenue neutral, so it will raise the same amount of revenue that we’re currently collecting with this messed up tax code that is being manipulated by the politicians to pick the winners and losers.”

So naturally, knowing the names of the economists who drafted this plan would be necessary when considering the seriousness of Cain’s 999 plan. Otherwise, one could easily call it the price of a small pizza – $9.99. So Chris Wallace, the host of the Fox program Cain appeared on, asked the obvious question; could you name one economist who endorsed this plan?

Cain fumbles, then admits he did not have the authority to name names. Wallace points out that if the plan was any good, the authors would have no problem having their names associated with it, but Cain maintained his position of secrecy. He did, however, offer this at the end of the segment, “I am going to try and get my advisers to allow me to use their name.”

So until we know who created this 999 prescription for our economic perils, I’m sticking to calling it what I think it is – the price of a small pizza with extra cheese. Soda would be extra.

Categories
Politics taxes

President Obama To Introduce The “Buffett Rule” On Monday – Taxing The Rich

The New York Times is reporting a new measure by President Barack Obama called The Buffett Rule. According to the news report, President Obama will announce on Monday plans to tax millionaires at the same tax rate middle class Americans pay today.

According to the Times Report, administration officials said the plan would require those making “more than $1 million a year to ensure that they pay at least the same percentage of their earnings as middle-income taxpayers.”

Mr. Obama, in a bit of political salesmanship, will call his proposal the “Buffett Rule,” in a reference to Warren E. Buffett, the billionaire investor who has complained repeatedly that the richest Americans generally pay a smaller share of their income in federal taxes than do middle-income workers, because investment gains are taxed at a lower rate than wages.

Mr. Obama will not specify a rate or other details, and it is unclear how much revenue his plan would raise. But his idea of a millionaires’ minimum tax will be prominent in the broad plan for long-term deficit reduction that he will outline at the White House on Monday.

Although this is a great idea, suggested by many millionaires including Warren Buffett among others, there is one minor obstacle. It’s a small pledge signed by Congressional Republicans called the Grover Norquist Pledge. Republicans have promised Mr. Norquist that no matter what the situation is, no matter how much revenue the American economy needs, raising taxes would not happen.

So yes, Mr. Obama’s Buffett Plan will be a fair plan, but Grover Norquist and the Republicans will not have it.

Categories
Ohio Planned Parenthood Politics

The Teaparty Challenges John Boehner’s Seat In Ohio

Although Republican House Speaker John Boehner has lived his life according to the teachings of the Teaparty, with his no compromise, no middle class jobs, no Obama second term, ‘Yes’ to the rich stance, the Teaparty is still not happy with him. On Monday, another Teaparty member will announce his intention to run against John Boehner to represent Ohio.

Mr. David Lewis, Boehner’s next Teaparty challenger, released this statement;

“I used to believe in John Boehner until I found that his words were empty promises. In June 2010 Boehner stated, ‘When human life takes a back seat to other priorities — personal comforts, economics — freedom is diminished…we have a moral obligation to defend the defenseless. And nothing is more defenseless, or more innocent, or more pure, than an unborn baby.’ But this was not enough for Boehner; he solemnly declared, ‘There is no cause more noble than the defense of human life. There is no mission more critical. No debate more urgent.’

“In his first nine months as House Speaker, John Boehner has had several opportunities to defund the largest baby killers in America — Planned Parenthood. But Boehner caved in to Obama, and gave Planned Parenthood taxpayer’s hard earned dollars. Neither pro-lifers nor Tea Party activists should ever forgive John Boehner for lavishing our money on Planned Parenthood.

“It is clear from the facts that Planned Parenthood is not only the largest killer of unborn babies in America, but also that they have become a criminal syndicate covering up the crimes of rapists, sex traffickers, and pedophiles.

“Concerning Obamacare, John Boehner could have stopped it dead in its tracks by refusing to fund it; instead, he passed a meaningless piece of legislation to overturn Obamacare, knowing that it would be dead on arrival. Ohio voters are not stupid; time and again we see clever campaigning made of empty words and broken promises. John Boehner is the quintessential establishment insider; John Boehner is no friend of the Tea Party, and no friend of the pro-life movement, and it’s time for him to enjoy the retirement that he so richly deserves.”

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