Geithner report signed by President details tax cut success: Rich Google ally evades taxes.
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Remember this moment from the 2008 campaign in a debate between Obama and Hillary Clinton? The subject was increasing the capital gains tax, and there was this exchange between Obama and moderator Charlie Gibson of ABC:
MR. GIBSON: And in each instance, when the (capital gains tax) rate dropped, revenues from the tax increased. The government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
SENATOR OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.
In other words, this President knows raising taxes will defund the U.S. government. As his Google crony Eric Schmidt has already demonstrated even when the “Bush tax cuts” were in full flower, running for cover in the Bahamas. As he effectively demonstrated with Charlie Gibson. The Obama Scam isn’t about the money — it’s about the phony ideology that props up the scam.
When Republicans get through negotiating with themselves over the fiscal cliff, they may want to have a hearing or two to discuss the findings of the Obama Economic Report.
In which Barack Obama signs off on the historical fact that the Bush tax cuts — and the economic growth tax cuts of Presidents Kennedy, Reagan and Clinton before that — worked.
And when they’re done with that?
Perhaps a chat with Google’s Eric Schmidt would be in order.
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?