OBAMA AND BUFFETT, BEST FRIENDS, OR PARTNERS IN CRIME?

Barry "Almighty," on Monday was seen as once again reaching out to his proverbial butt buddy, and respected business figure, Warren Buffett along with Ford chief Alan Mulally as he attempts, yet again, to frame some semblance of some major new plan that we've been told is in the works regarding jobs and the deficit. Barry made the calls from his rented vacation farm house on the resort island for the well-heeled, Martha's Vineyard, off the left wing loon haven of Massachusetts, or so said deputy White House press secretary, Josh Earnest. Look, I'm just not that big a fan of Buffett. I don't trust him as far as I could throw him. And just what is it, exactly, that he has done that has earned him so much "respect?" Is it just because he's managed to make tons of money? I simply cannot bring myself to trust anyone who can so easily allow themselves to, in anyway, associate with someone the caliber of our "community agitator" of a president. All too often, and especially in politics, we see that birds of a feather, flock together. Nothing good, for the American people, can come of this rather strange little alliance, because, make no mistake, both of these men are out for no one other than themselves. They're certainly not out to make things any better for the American people. Neither of these two men got to where we find them today by being nice guys. We should all be very aware of the thug tactics that have been employed by Barry in the past, and if Buffett is someone who can have no problem with that, then I would also call into question his motives for now allying himself with Barry.

Barry remains very fond of citing billionaire leftist and Berkshire Hathaway chief, Buffett as an example of that category of Americans, fondly referred as "those corporate jet owners," who would not mind in the least being asked to pay higher taxes that could then be used to benefit the rest of the country. And the fact that Buffett doesn't mind being used in such a way, does make me curious about what it is that he may see as being in it for him. Anyway, according to this moron Earnest, "The president and Mr. Buffett discussed the overall outlook on the economy and the reaction to the headwinds we've experienced over the last couple of months." Again with these mythical "headwinds" that poor Barry has had to contend with as he has continued to try oh so hard in his efforts to reinvigorate our sagging economy. This stooge Earnest said, "They talked a little bit about some possible measures that would spur investment and increase economic growth. And they also talked about some measures that could address the long-term fiscal situation in this country." Meanwhile, Barry and Mulally discussed the auto and manufacturing industries and expanding growth, stimulating exports and investment, at least according to this fella Earnest. These stooges who stand out there in front to defend the goings on of this patently dishonest administration have zero credibility. He is not going to be honest with us regarding what is was that these individuals were actually discussing.


Also on Monday, Barry, who has rightly been criticized by Republicans for his many frequent "vacations," described as working or otherwise, while many Americans are left to face some severe economic struggles, was briefed on market and financial developments by Brian Deese, who I guess is supposed to be a "top" economic aide. From where I stand, most, if not all, of Barry's "top" aides have pretty much been scraped off the bottom. All any of the policies thus far put into place have done, is to make things significantly worse. Now we have heard nearly ad nauseam about how Barry is going to be unveiling some masterful new jobs and deficit plan after lawmakers return to work in early September, but Republicans have already signaled that they are cool to many of the aspects of his plan that have already managed to float to the surface. Barry claims to be seeking ways that will kick start a US recovery, but the actions he has taken thus far say something far different. And in the meantime all he can to is to whine incessantly about all of those supposed "headwinds" that are continually hampering his efforts to get the economy going. "Headwinds" such as the Arab Spring, Japan's tsunami tragedy and the European debt crisis. And a recent Gallup poll found that public approval for his style of economic management leaves more than a little to be desired with a majority of Americans, with those who, for whatever reason, think he doing just a bang up job now being down to 26 percent.


What I really think we need to do here, is to set all of this class warfare rhetoric off to the side and recognize the fact that any cockamamie plan dreamed up by Barry that has as its core the increasing of taxes paid by all of those millionaires and billionaires, which by the way is a position being advocated by both billionaire Buffett and Barry "Almighty," realistically speaking won’t even make a dent in the national debt or in Barry's record federal budget deficits. So why we don't we just take that off the table right at the outset here. And look, that's not just me saying that this is an idiotic idea, but it is the result of a new study. “Even taking every last penny from every individual making more than $10 million per year would only reduce the nation's deficit by 12 percent and the debt by 2 percent,” so says the non-partisan Tax Foundation’s, David Logan. “There's simply not enough wealth in the community of the rich to erase this country's problems by waving some magic tax wand,” said Logan. But still all we continue to hear from Barry is his continuing droning on about those greedy millionaires and billionaires who simply are not paying their fair share. What about all of those leeches in our society who continue to get away with paying absolutely nothing. What is it that is so special about them that allows them to enjoy a free ride at the expense of the rest of us. Talk about fairness, how fair is that? Man, what a deal! Everyone, and I do mean EVERYONE, should contribute something.


The billionaire Mr. Buffett, in an August 15 op-ed in, of all places, the New York Times said it was time to stop “coddling” the wealthy, such as himself, and called upon Congress to raise taxes on those making $1 million or more. “But for those making more than $1 million there were 236,883 such households in 2009 I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more there were 8,274 in 2009 I would suggest an additional increase in rate,” our old buddy Warren wrote. “My friends and I have been coddled long enough by a billionaire-friendly Congress,” wrote Buffett. Ok, so what's stopping Mr. Buffett and all of his "friends" from whipping out their old checkbooks and writing a nice fat little check payable to the U.S. Treasury? Go for it, there, Warren. Knock yourself out! Give whatever amount will make you happy! There is nothing that says you can't "give" as much as you want to the government. I'm certainly not going to stop you! I simply do not understand how someone as smart as Mr. Buffett is supposed to be, doesn't recognize the fact that what we have here is not a revenue problem, but a spending problem. Or does he? Which causes me to further call into question just what it is that motivates him to be so cozy with Barry. There has got to be something going on under the table here that the rest of us are not privy to.


Because, according to the Tax Foundation study written by the previously mentioned Mr. David Logan, even by taxing the nation’s millionaires at 50 percent and eliminating loopholes and deductions, that would only reduce the deficit by 8 percent and the national debt by 1 percent. “[T]aking half of the yearly income from every person making between one and ten million dollars would only decrease the nation's debt by 1%,” the report said. Taxing millionaires at an effective tax rate of 50 percent would raise only $120 billion more, according to Tax Foundation calculations based on IRS data. Taxing those who make $10 million or more at an even higher rate, as good old Warren Buffett has advised, would also do very little to actually reduce the deficit and debt. Tax Foundation calculations indicate that taxing these individuals at an effective rate of 100 percent would only net the government $186 billion, reducing the deficit by 12 percent and the debt by an additional 2 percent. So what is with Barry's continuing to advocate nothing more than a plan that has as it primary function, the increasing of the rate by which those described as being "rich" are taxed? It is about actually his actually trying to cure what ails our economy, or is it simply nothing more that just another ploy by our "community agitator" of a president to successfully redistribute this nation's wealth? I think the answer to that question is pretty obvious.


As much as Barry touts higher taxes being the cure all to our current deficit problem, it is a fact, that the only way for the government to solve its ongoing fiscal issues with revenue would be to confiscate every single dollar from every single American making $200,000 or more per year, the study said. “Finally, to put everything in perspective, think about what would need to be done to erase the federal deficit this year: After everyone making more than $200,000/year has paid taxes, the IRS would need to take every single penny of disposable income they have left. Such an act would raise approximately $1.53 trillion,” reported the Tax Foundation. Buffett, in his New York Times op-ed, said, “It’s time for our government to get serious about shared sacrifice.” Ya know, I'm really getting tired of hearing all of this supposed shared sacrifice crap. Because if we were really going to get serious about it, it shouldn't be to ask those who already paying the lions share of all taxes, to pay even more. As far as I'm concerned, they're already pulling their weight along with the weight of far too many others. I'd be asking our permanent class of pathetic sponges that we have in this country, to pony up and pay whatever amount it is that would be considered as being their fair share. I've said before and I'll say it again, I do not trust this dynamic duo of Obama and Buffett. No way, Jose!