Geithner report signed by President details tax cut success: Rich Google ally evades taxes.
In a word, it’s a scam.
President Obama has admitted — in detailed print with his signature — that the Bush tax cuts worked.
Even though he spent an entire campaign saying of the tax cuts: “That’s what took us from surplus to deficit.”
A hat tip here to the Hoover Institution’s Paul Sperry.
Did you know that the 2012 Economic Report of the President — the official government document on the economy published by the Obama Administration and signed personally by Obama himself — admits the Bush tax cuts caused government revenue to go up, not down?
You can find it right here, buried in a long, eye-glazing page of statistics on page 413 at very end of a deeply unpublicized but legally required official White House report. The stats were compiled by Obama’s own Secretary Timothy Geithner’s Department of the Treasury. With Barack Obama literally signing his name in approval of the contents.
Which is to say, President Obama himself — whose signature is on the report’s cover letter — knows full well that for all the “tax the millionaires and billionaires” rhetoric he dispenses, that rhetoric is factually, say again factually, simply untrue. As he himself documents.
Worse, one of his major supporters — Google’s Eric Schmidt — is a flagrant example of how a U.S. corporate leader willfully and deliberately flouts U.S. tax law to escape paying the very “taxes for the rich” Obama used as the rocket fuel of his recent election victory.
First, what might be called the Obama Scam.
Yes, there he is in the front of the report — pages three through five, with his handwritten signature big and bold — using all the Obama class warfare rhetoric America has come to know and half of America to hate.
We can either settle for a country where a shrinking number of people do very well while a growing number of Americans barely get by, or we can restore an economy where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same set of rules.
Some, however, still advocate going back to the same economic policies that stacked the deck against middle-class Americans for way too many years.
But in the back of the report?
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?