Category Archives: Economy

No apology needed???

Well we knew it was gonna be a rough campaign. And we knew the Obama attack machine would play a big role. But it’s getting nasty even earlier than I thought it would. The question I have is, can Mitt get below the curb with this crew? let’s have a look at the latest crap coming out of the cesspool.

So Mitt Romney leaves Bain Capital in 1999 and runs off to the 2002 Olympics to make history. He has no dealings with, nor is he in the loop with regard to a single business decision the company is making during that time. (Note: To date there is not a single document or representative piece of paperwork other than a leave of absence with his name on it during the time in question. However if this changes, so might opinion of the Governor.) Not only is this documented, but it is also one of the most publicized departures in American business history because of his destination and all of the success he had when he arrived in Salt Lake. Additionally, and as is the case with most larger corporations, the timing of “Securities and Exchange Commission” filings in relation to the actual written transition of power are sometimes far from perfectly aligned. For the most part this is done on purpose to (avoid) confusion between the departure and arrival of leadership, as well as assign any responsibility having to do with their respective terms of service. In this case, it is obvious that Romney was long gone, and any concerns the “concerned” Obama team may have about decisions made during that time are political in nature to put it mildly. However, to frame it in terms of a “felony” in order to exact maximum drama, is downright misleading and certainly less than honorable. Nonetheless, it doesn’t surprise me with this bunch.

The next whopper is the T.V. spot highlighting how Governor Romney paid only 15 percent in income tax against approximately $40 million he made last year, drawing the comparison to middle class folks who might be paying a higher rate. Ok, let’s start with the obvious. Three words, and I must let you do your own homework on this. (Effective Tax Rate). Because if you don’t know what you’re actually paying in taxes Mr./Mrs. Middle class, then shame on you and we shouldn’t even be having this conversation. Additionally, one of the reasons he paid at the 15 percent rate is because of the millions he gave away which also reduced his burden a good chunk. Oh, and if anyone thinks an eventual $6+million dollar tax payment is too little, then you do not understand the fundamentals of our economic system, which makes you part of the problem. This is why I say you must all read the “numbers within the numbers”, and not be buffaloed by the Obama class warfare and propaganda machine. Know the truth before you vote, or this election will be an exercise in “divide and deceive” as opposed to any “hope and change”…

Posted in "Patriot64", America, Campaign 2012, Class Warfare, Economy, Fred Comella, Media, Politics, Right vs. Left, Socioeconomic, Taxes | Tagged , , | Comments Off on No apology needed???

Penance and Progress…

As infuriating as it is to hear the country’s sworn Attorney General make the case that requiring an individual to prove he/she is a citizen before voting is akin to the poll taxes of the post slavery era, I must account for the fact this man is obviously a disingenuous and despicable politician and not a true lawman. Having said that, I happened to catch Mitt Romney today addressing the same group of NAACP hypocrites Holder addressed just days before. I was pleased during the beginning of the speech as Romney made a very heartfelt appeal to the crowd to see what was in his heart and not be duped by the Obama class warfare rhetoric. Then things got ugly. As Romney started speaking about common sense, sound fiscal policy and fairness as means to address huge disparities in unemployment numbers for African-Americans, he was met by groans and at some point outright jeers. Later, when he spoke of rolling back Obamacare for a more sensible and realistic approach that wouldn’t bankrupt the country for all Americans, the audience flat-out booed him.

Well, as I have said before and will say for the record today, there are many within the minority caucuses and causes who are content to have race be a factor for the foreseeable future and beyond. I cannot imagine what would have happened, and how the “Lame Street Media” would have lamented had the POTUS been booed in a venue of predominantly white people. This is the height of hypocrisy and speaks to much of what is wrong in America today. There is simply no interest on the part of the Left in solving the “problems” of minority communities, only exasperating the theme of division and bigotry. And what happened to Mitt Romney today is proof positive of that.

I absolutely applaud Candidate Romney for going into the lion’s den. Sadly though, and for the same old reasons, it was an extraordinary waste of time and effort. What a disgraceful moment in our nation’s history. I am truly embarrassed this day for the country which has done more in far less time than any other to address the issues of human rights across the board. I guess the NAACP and the likes of Benjamin Jealous, Jesse Jackson, Al Sharpton and Louis Farrakhan will decide when and if we will ever be free of our sins, or receive credit for penance and progress…

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Presidential disconnect…

For a POTUS presiding over unemployment numbers realistically closer to 15%, it boggles the mind how the word taxes can even cross his lips. I suppose his ideological mindset will simply not allow for common sense and/or history’s lessons.

Firstly, when President Obama spoke of “those making $250,000.00 or more” as the “wealthy” among us today, it was maddening to think he was incapable of drawing the connection between small business, DBA’s, small LLC’s and other folks, who are the life’s blood of our economy, and who are the only hope of any meaningful recovery. This “tax plan” is simply another class warfare stunt that will further handicap any infinitesimal progress to date on the economic front. How any logical thinking person can believe this type of Progressive tax approach, along with massive regulation and now universal healthcare, are somehow conducive to economic growth is simply inexplicable. However, that is a topic for another day, (and many more after that).

Anyway, the “revenue” generated by this massive tax will explode the national debt by $4 “T”rillion dollars over 4 years and generate only enough usable capital to run our bloated government for just about 8 days, yes people 8 days! Is there anyone out there who truly believes this “tax the rich” scheme is legitimate and not a campaign tactic meant to distract and destroy? If you do, you are beyond all reason and actually a big part of the problem.

For my part, I believe this President knows full well he cannot find enough revenue on Wall Street to fuel his “hope and change”, and so he intends to cut a line even closer to the beating but injured heart of our nation. Hopefully, he and his Marxist college buddies will be shown the door in November, before “We the People” bleed out from the many flesh wounds already inflicted.

Posted in "Patriot64", America, Campaign 2012, Class Warfare, Constitutionality, Economy, Fred Comella, Health Care, Jobs, National Debt, Politics, Right vs. Left, Socioeconomic, Taxes | Tagged , , , | Comments Off on Presidential disconnect…

The new reality sucks…

With Gas prices still hovering above $3.00 a gallon, 2 million mortgages in foreclosure and an equal amount 3 payments or more behind, and a measly 85,000 jobs created last month in a total work force that has shrunk by almost 3 percentage points since this President took office, I suppose one would have no choice but to try and spin these dire numbers as somehow “a step in the right direction“. I’m just not so sure I like that direction.

Look, Debbie Wasserman-Shultz can blabber on all she wants about how GW was the Anti-Christ and all bad things in Washington are Republicans fault. But the facts are our economy is flailing and in danger of going out of business, and the Presidents approach has been one of more debt, more taxes, and divisive class warfare. Consumer confidence continues to plummet as Americans are far smarter than the Dems give them credit for. “We the People” can see the ship is sinking and we are not overly anxious to back up and hit the iceberg again.

Then Candidate Obama was very frank when he told a reporter that if he couldn’t fix this in three years, his would be a one term Presidency. Well, all he has done is exasperate a bad situation, and I think we should hold him to his own prediction.

Posted in "Patriot64", America, Campaign 2012, Congress, Economy, Fred Comella, Jobs, Politics, Right vs. Left, Socioeconomic | Tagged , , | Comments Off on The new reality sucks…

Middle Class Warfare…

As this election year drags on the President seems more and more comfortable in his class warfare role.

 President Obama:Being part of the middle class is not just about income, it’s about knowing what’s important, and not measuring your success just based on your bank account. It’s about your values and being responsible and looking after each other and giving back.”

Now one can look quickly at this and say, “Yeah, that’s right”. Actually however, it is the bait and switch tactic (argument) used by Progressives with alarming frequency. Change the subject and play on the emotions of those most affected so they may forget your policies have devastated their children’s future. Erase the ambitions and efforts of those who seek to achieve greater success by making them feel guilty about that success. And pigeon hole those in poverty to think their aspirations of achieving “middle class” are simply out of reach without massive government “intervention”.  I don’t believe I’ve ever heard a more cynical and elitist view of the middle class engine which drives our nation as this. President Barack Obama has erased any doubt in my mind as to his true political motivations and ideological belief system. He does not understand our country and he does not understand “We the People”.

As for Biden’s recent comments about “the so called job creators” vs. the middle class, the fact he doesn’t realize they are one in the same tells us all we need know about the VP, (ignorant).

Mr. President, I am not fooled. American values were born of hard work, entrepreneurism, and a desire to make a “better” way for our posterity. That motivation is what has made this the greatest nation on earth. Your attempts to separate and call into question the “faith, hope and charity” naturally associated with the resulting successes, is now bordering on pathetic. Frankly, as a God fearing and hardworking middle class American, I am insulted. The closer we come to the election, the more I see my President as a resentful demagogue interested only in the “greatness” of his ideological plan and personal legacy, and not at all in the best way forward for his country. Elections truly do have consequences and we are seeing them unfold before our very eyes.

Posted in "Patriot64", America, Campaign 2012, Class Warfare, Economy, Fred Comella, Health Care, Jobs, Politics, Rhode Island Local, Right vs. Left, Socioeconomic | Tagged , , , | Comments Off on Middle Class Warfare…

Spin cycle…

The POTUS and Team Obama are scrambling to deflect criticism over and/or explain his claim the “Obama Care” mandate was not a tax. Well considering there are about 20 other taxes in the law, I’m not really sure where he’s going with that. The President’s hypocrisy has come full circle to outright misrepresentation of the facts as we know them. I think I have said this before but it bears repeating. In the age of modern media there has never been a POTUS caught on tape so many times in full contradiction mode, and yet he and his “lame street media” seem to just blow it off and move on. Now here’s the truly scary part.

The President of The United States and his Administration hold the people of this nation in utter contempt, and appear to be very comfortable in the notion that we simply don’t care. Well, do you???

Posted in "Patriot64", America, Campaign 2012, Constitutionality, Economy, Fred Comella, Health Care, Home and Family, Judiciary, Media, National Debt, Politics, Rhode Island Local, Right vs. Left, Socioeconomic | Tagged , , | Comments Off on Spin cycle…

It’s high time…

I’m still not ready to jump on Chief Justice Roberts for his vote yesterday, but that may change. I believe the fact the “Affordable” Care Act became law in the first place is proof positive that our nation is broken and foundering. As I posted yesterday, the question of Constitutionality as it relates to fines vs. taxes was addressed in the decision. With that said, we have become so desensitized to Constitutionally questionable entitlements built around payroll deductions, what’s one more tacked on? For good or bad, an entitlement class is alive and thriving in America.

Some of you have suggested I seem a bit indifferent to the Supreme Court ruling. Nothing could be further from the truth. It’s just that I expected, and quietly hoped for it. Voting down the law would only have served to embolden the radical Left to war status, and kick the can down the road in terms of a larger and more productive discussion. If we do not fight the “haves and have not’s” fight right now, it simply may be too late.

Ironically, Mitt Romney must now step into the uncomfortable role of Conservative champion, and the Presidential Campaign I envisioned will come to pass. There is simply no getting away from the ideological confrontation which has been festering for more than two generations and now threatens to destroy our country. I must admit however, there is still a part of me that would welcome the total collapse that will most certainly come should America not change course in November. It just seems it’s the only way many on the Left will finally understand this “utopian dream”, perpetuated by a twisted ideology and promoted by an educated but inexperienced and reckless President, is a fraud. Moreover, that stark reality, which will likely come in the form of economic strife the likes of which this nation has never known, is close at hand.

I wonder though, would that be enough to convince them or would they blame that on Bush too???

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It was a tax all along!!!

“This is not a tax”! How many times did we hear the POTUS and his Liberal Congress make that assertion? Actually, right up to the point when they had to actually argue the “Affordable” Care Act’s Constitutionality before the High Court, then the lawyers pulled out their trump (tax) card. For all intents and purposes it ended up being CJ Roberts who made the difference for the Obama Administration. Roberts makes the assertion, and I believe he is correct, that the mandate, (as an extension of Congressional power), is clearly unconstitutional (Commerce Clause). However, the Court asserts that Congress may level a tax to accomplish the same goal.

Translation: It was a tax all along and the Obama White House lied to the American people once again. This day will set the stage for the rest of the election year. I will have more to say when I read the entire decision, but it is now game on!

September 20, 2009 – President Barack Obama when pressed by George Stephanopoulos: “No George, this is NOT a tax”.

Posted in "Patriot64", America, Campaign 2012, Congress, Constitutionality, Economy, Health Care, Jobs, Judiciary, Media, Politics, Rhode Island Local, Right vs. Left, Socioeconomic | Comments Off on It was a tax all along!!!

A week for the history books…

The week ahead promises to be nothing short of dramatic in a political sense. So to kind of sum up, I will give you my take on some of the hot button issues.

I’ve been listening to Democrat pundits for the last two weeks try and explain away Eric Holder’s refusal to surrender certain documents to Congress regarding “Fast & Furious”. Now the obvious dilemma here is the Terry family is demanding answers to questions about their sons murder, and rightfully so. What I found interesting however, is the explanation by partisan Democrats that Republicans are simply grandstanding for political reasons, and that Holder has already turned over thousands of documents. In truth, the “documents” turned over were literally thousands of largely redacted and blacked out emails and papers which actually contained little or nothing about the shooting, who authorized it and at what level did the chain end. In that matter, the POTUS has now come to the rescue of his friend / AG and claimed “executive privilege”, apparently to prevent any incriminating disclosures. Ultimately, someone gave their “blessing” to the “gun walking” which was not part of the original operation, someone in a high office. And it was that gun walking that led to Agent Terry’s death. Sounds pretty simple doesn’t it? Well it is. Come clean Mr. Holder, and admit that something went very wrong in the Justice Department on your watch. Now a Border Agent’s family is left to ask why their Law Enforcement hero son was murdered on the border of his own country with weapons put in play by his own side. Release the documents or be held in contempt of Congress Sir. Next >

This is an easy one. Arizona reserves the right, Constitutionally and legally, to protect its border and uphold standing Federal Immigration Law if the feds themselves don’t do it. I believe the Supreme court will agree. Having said that, I concur with Senator Rubio in that I don’t believe Arizona should be the national model. The problems which exist there are exclusive to the region and therefore present LE officials with additional challenges for which they need appropriate “latitude”. Next >

 

And finally The “Affordable” Care Act. Arguably one of, if not the largest federal power grab in American history. An expensive, unsustainable and by every account, unworkable entitlement program that will bankrupt our children and ultimately destroy the greatest healthcare system known to mankind. It is my hope that the Supreme Court will strike it down as the Constitutional overreach it is. Regrettably, the President’s play to enact feel good portions of the law ahead of the full onslaught of its huge cost will make it difficult to transition to true comprehensive healthcare reform in the future. Moreover, Republicans and Democrats alike will seek to make political hay over the decision, and the truth will most likely be lost in the mix.

Anyway, have a good week people… 😉

Posted in "Patriot64", America, Campaign 2012, Congress, Constitutionality, Economy, Fred Comella, Health Care, Home and Family, Immigration, Jobs, Judiciary, Media, National Debt, Political Correctness, Politics, Rhode Island Local, Right vs. Left, Socioeconomic, The Border | Comments Off on A week for the history books…

Going political “dutch”…

"That better be a debit card".

If Republicans chewed and screwed, the Democrats certainly didn’t show up to pay the bill. They held up the joint and cleaned out the register. I mean, is this President auditioning for a Saturday Night Live gig after politics? These corny one liners are really getting tedious considering all the real life drama unfolding around our nation. I guess when you “got nutin”, you go comic…

Anyway, the POTUS is so far off base as usual, he is sure to get caught stealing. (No pun intended.) The facts though, as reported by CBS no less, show Obama has already outspent Bush’s entire eight years in office and his policies are projected to have us well beyond $20 (T)rillion in the red by 2016. The price of a gallon of gas has doubled and many feel it is the new norm. Unemployment is realistically 9.2% and American wealth has diminished a staggering 40% while the median household income is down almost 8% since 2007. The housing market is on life support and corporations are hording cash for a “double dip” they know is coming. And as if these numbers aren’t sobering enough, what is the President of the United States talking about, the “unfunded” prescription drug program of (2003). For God’s sake and by their own admission, Democrats would have overwhelmingly supported that bill had there been more government and less private sector in the final draft. Ultimately they had been begging for expanding it in one form or the other since the early 1970’s. Let’s face it, when has any “Democrat” initiative ever been “funded”? Come on Mr. President, is that all you’ve got???

Fact – This President has promised more and delivered less, (with a two house mandate through his first election cycle) than any POTUS in recent memory. And he has done so by burdening our posterity with additional debt they will never be able to pay.

Look, I’m not here to tell you, that for fear of being attacked as ogres and granny killers, Repubs haven’t signed onto a lot of unreasonable and frankly unconstitutional entitlement crap over the years just to keep from getting booted from office. What I’m saying, is that common sense tells us in our own daily budgeting that we cannot continue to spend when carrying this kind of unconscionable debt. President Barack Obama had better own up, tell the truth, and kick the “bash Bush” habit quickly, or he may just wind up an ugly foot note rather than a debatable albeit ideological chapter in American History.

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