Free Stuff from Obama…Unbelievable!

Ξ November 3rd, 2008 | → 0 Comments | ∇ 2008 Presidential Race, Main |

Obama supporter: “It was a touching moment because I never thought this day would ever happen, I won’t have to worry about putting gas in my car, I won’t have to worry about paying my mortgage.”

 

Sticky: Obama Taking Suspicious Donations

Ξ October 29th, 2008 | → 0 Comments | ∇ 2008 Presidential Race, Main |

Obama Accepting Untraceable Donations

Contributions Reviewed After Deposits

By Matthew Mosk

Washington Post Staff Writer

Wednesday, October 29, 2008; A02

Sen. Barack Obama’s presidential campaign is allowing donors to use largely untraceable prepaid credit cards that could potentially be used to evade limits on how much an individual is legally allowed to give or to mask a contributor’s identity, campaign officials confirmed.

Faced with a huge influx of donations over the Internet, the campaign has also chosen not to use basic security measures to prevent potentially illegal or anonymous contributions from flowing into its accounts, aides acknowledged. Instead, the campaign is scrutinizing its books for improper donations after the money has been deposited.

The Obama organization said its extensive review has ensured that the campaign has refunded any improper contributions, and noted that Federal Election Commission rules do not require front-end screening of donations.

In recent weeks, questionable contributions have created headaches for Obama’s accounting team as it has tried to explain why campaign finance filings have included itemized donations from individuals using fake names, such as Es Esh or Doodad Pro. Those revelations prompted conservative bloggers to further test Obama’s finance vetting by giving money using the kind of prepaid cards that can be bought at a drugstore and cannot be traced to a donor.

The problem with such cards, campaign finance lawyers said, is that they make it impossible to tell whether foreign nationals, donors who have exceeded the limits, government contractors or others who are barred from giving to a federal campaign are making contributions.

“They have opened the floodgates to all this money coming in,” said Sean Cairncross, chief counsel to the Republican National Committee. “I think they’ve made the determination that whatever money they have to refund on the back end doesn’t outweigh the benefit of taking all this money upfront.”

The Obama campaign has shattered presidential fundraising records, in part by capitalizing on the ease of online giving. Of the $150 million the senator from Illinois raised in September, nearly $100 million came in over the Internet.

Lawyers for the Obama operation said yesterday that their “extensive back-end review” has carefully scrubbed contributions to prevent illegal money from entering the operation’s war chest. “I’m pretty sure if I took my error rate and matched it against any other campaign or comparable nonprofit, you’d find we’re doing very well,” said Robert Bauer, a lawyer for the campaign. “I have not seen the McCain compliance staff ascending to heaven on a cloud.”

The Obama team’s disclosures came in response to questions from The Washington Post about the case of Mary T. Biskup, a retired insurance manager from Manchester, Mo., who turned up on Obama’s FEC reports as having donated $174,800 to the campaign. Contributors are limited to giving $2,300 for the general election.

Biskup, who had scores of Obama contributions attributed to her, said in an interview that she never donated to the candidate. “That’s an error,” she said. Moreover, she added, her credit card was never billed for the donations, meaning someone appropriated her name and made the contributions with another card.

When asked whether the campaign takes steps to verify whether a donor’s name matches the name on the credit card used to make a payment, Obama’s campaign replied in an e-mail: “Name-matching is not a standard check conducted or made available in the credit card processing industry. We believe Visa and MasterCard do not even have the ability to do this.

“Instead, the campaign does a rigorous comprehensive analysis of online contributions on the back end of the transaction to determine whether a contribution is legitimate.”

Juan Proaño, whose technology firm handled online contributions for John Edwards’s presidential primary campaign, and for John F. Kerry’s presidential campaign and the Democratic National Committee in 2004, said it is possible to require donors’ names and addresses to match those on their credit card accounts. But, he said, some campaigns are reluctant to impose that extra layer of security.

“Honestly, you want to have the least amount of hurdles in processing contributions quickly,” Proaño said.

 

Sticky: Obama Marxist Desires Exposed

Ξ October 27th, 2008 | → 0 Comments | ∇ 2008 Presidential Race, Main |

 

Do Know Enough About Obama?

Ξ August 26th, 2008 | → 0 Comments | ∇ 2008 Presidential Race, Main, Politics |

 

Obamanomics Is a Recipe for Disaster!

Ξ July 29th, 2008 | → 0 Comments | ∇ 2008 Presidential Race, Main, Politics |

Obamanomics Is a Recipe for Recession

By MICHAEL J. BOSKIN

July 29, 2008; Page A17

What if I told you that a prominent global political figure in recent months has proposed: abrogating key features of his government’s contracts with energy companies; unilaterally renegotiating his country’s international economic treaties; dramatically raising marginal tax rates on the “rich” to levels not seen in his country in three decades (which would make them among the highest in the world); and changing his country’s social insurance system into explicit welfare by severing the link between taxes and benefits?

The first name that came to mind would probably not be Barack Obama, possibly our nation’s next president. Yet despite his obvious general intelligence, and uplifting and motivational eloquence, Sen. Obama reveals this startling economic illiteracy in his policy proposals and economic pronouncements. From the property rights and rule of (contract) law foundations of a successful market economy to the specifics of tax, spending, energy, regulatory and trade policy, if the proposals espoused by candidate Obama ever became law, the American economy would suffer a serious setback.

To be sure, Mr. Obama has been clouding these positions as he heads into the general election and, once elected, presidents sometimes see the world differently than when they are running. Some cite Bill Clinton’s move to the economic policy center following his Hillary health-care and 1994 Congressional election debacles as a possible Obama model. But candidate Obama starts much further left on spending, taxes, trade and regulation than candidate Clinton. A move as large as Mr. Clinton’s toward the center would still leave Mr. Obama on the economic left.

Also, by 1995 the country had a Republican Congress to limit President Clinton’s big government agenda, whereas most political pundits predict strengthened Democratic majorities in both Houses in 2009. Because newly elected presidents usually try to implement the policies they campaigned on, Mr. Obama’s proposals are worth exploring in some depth. I’ll discuss taxes and trade, although the story on his other proposals is similar.

First, taxes. The table nearby demonstrates what could happen to marginal tax rates in an Obama administration. Mr. Obama would raise the top marginal rates on earnings, dividends and capital gains passed in 2001 and 2003, and phase out itemized deductions for high income taxpayers. He would uncap Social Security taxes, which currently are levied on the first $102,000 of earnings. The result is a remarkable reduction in work incentives for our most economically productive citizens.

The top 35% marginal income tax rate rises to 39.6%; adding the state income tax, the Medicare tax, the effect of the deduction phase-out and Mr. Obama’s new Social Security tax (of up to 12.4%) increases the total combined marginal tax rate on additional labor earnings (or small business income) from 44.6% to a whopping 62.8%. People respond to what they get to keep after tax, which the Obama plan reduces from 55.4 cents on the dollar to 37.2 cents — a reduction of one-third in the after-tax wage!

Despite the rhetoric, that’s not just on “rich” individuals. It’s also on a lot of small businesses and two-earner middle-aged middle-class couples in their peak earnings years in high cost-of-living areas. (His large increase in energy taxes, not documented here, would disproportionately harm low-income Americans. And, while he says he will not raise taxes on the middle class, he’ll need many more tax hikes to pay for his big increase in spending.)

On dividends the story is about as bad, with rates rising from 50.4% to 65.6%, and after-tax returns falling over 30%. Even a small response of work and investment to these lower returns means such tax rates, sooner or later, would seriously damage the economy.

On economic policy, the president proposes and Congress disposes, so presidents often wind up getting the favorite policy of powerful senators or congressmen. Thus, while Mr. Obama also proposes an alternative minimum tax (AMT) patch, he could instead wind up with the permanent abolition plan for the AMT proposed by the Ways and Means Committee Chairman Charlie Rangel (D., N.Y.) — a 4.6% additional hike in the marginal rate with no deductibility of state income taxes. Marginal tax rates would then approach 70%, levels not seen since the 1970s and among the highest in the world. The after-tax return to work — the take-home wage for more time or effort — would be cut by more than 40%.

Now trade. In the primaries, Sen. Obama was famously protectionist, claiming he would rip up and renegotiate the North American Free Trade Agreement (Nafta). Since its passage (for which former President Bill Clinton ran a brave anchor leg, given opposition to trade liberalization in his party), Nafta has risen to almost mythological proportions as a metaphor for the alleged harm done by trade, globalization and the pace of technological change.

Yet since Nafta was passed (relative to the comparable period before passage), U.S. manufacturing output grew more rapidly and reached an all-time high last year; the average unemployment rate declined as employment grew 24%; real hourly compensation in the business sector grew twice as fast as before; agricultural exports destined for Canada and Mexico have grown substantially and trade among the three nations has tripled; Mexican wages have risen each year since the peso crisis of 1994; and the two binational Nafta environmental institutions have provided nearly $1 billion for 135 environmental infrastructure projects along the U.S.-Mexico border.

In short, it would be hard, on balance, for any objective person to argue that Nafta has injured the U.S. economy, reduced U.S. wages, destroyed American manufacturing, harmed our agriculture, damaged Mexican labor, failed to expand trade, or worsened the border environment. But perhaps I am not objective, since Nafta originated in meetings James Baker and I had early in the Bush 41 administration with Pepe Cordoba, chief of staff to Mexico’s President Carlos Salinas.

Mr. Obama has also opposed other important free-trade agreements, including those with Colombia, South Korea and Central America. He has spoken eloquently about America’s responsibility to help alleviate global poverty — even to the point of saying it would help defeat terrorism — but he has yet to endorse, let alone forcefully advocate, the single most potent policy for doing so: a successful completion of the Doha round of global trade liberalization. Worse yet, he wants to put restrictions into trade treaties that would damage the ability of poor countries to compete. And he seems to see no inconsistency in his desire to improve America’s standing in the eyes of the rest of the world and turning his back on more than six decades of bipartisan American presidential leadership on global trade expansion. When trade rules are not being improved, nontariff barriers develop to offset the liberalization from the current rules. So no trade liberalization means creeping protectionism.

History teaches us that high taxes and protectionism are not conducive to a thriving economy, the extreme case being the higher taxes and tariffs that deepened the Great Depression. While such a policy mix would be a real change, as philosophers remind us, change is not always progress.

 

Obama: The Audacity of Vanity

Ξ July 23rd, 2008 | → 0 Comments | ∇ 2008 Presidential Race, Main, Politics |

July 18, 2008

The Audacity of Vanity

By Charles Krauthammer

WASHINGTON — Barack Obama wants to speak at the Brandenburg Gate.

He figures it would be a nice backdrop. The supporting cast — a cheering audience and a few fainting frauleins — would be a picturesque way to bolster his foreign policy credentials.

What Obama does not seem to understand is that the Brandenburg Gate is something you earn. President Reagan earned the right to speak there because his relentless pressure had brought the Soviet empire to its knees and he was demanding its final “tear down this wall” liquidation. When President Kennedy visited the Brandenburg Gate on the day of his “Ich bin ein Berliner” speech, he was representing a country that was prepared to go to the brink of nuclear war to defend West Berlin.

Who is Obama representing? And what exactly has he done in his lifetime to merit appropriating the Brandenburg Gate as a campaign prop? What was his role in the fight against communism, the liberation of Eastern Europe, the creation of what George Bush 41 — who presided over the fall of the Berlin Wall but modestly declined to go there for a victory lap — called “a Europe whole and free”?

Does Obama not see the incongruity? It’s as if a German pol took a campaign trip to America and demanded the Statue of Liberty as a venue for a campaign speech. (The Germans have now gently nudged Obama into looking at other venues.)

Americans are beginning to notice Obama’s elevated opinion of himself.

There’s nothing new about narcissism in politics. Every senator looks in the mirror and sees a president. Nonetheless, has there ever been a presidential nominee with a wider gap between his estimation of himself and the sum total of his lifetime achievements?

Obama is a three-year senator without a single important legislative achievement to his name, a former Illinois state senator who voted “present” nearly 130 times. As president of the Harvard Law Review, as law professor and as legislator, has he ever produced a single notable piece of scholarship? Written a single memorable article? His most memorable work is a biography of his favorite subject: himself.

It is a subject upon which he can dilate effortlessly. In his victory speech upon winning the nomination, Obama declared it a great turning point in history — “generations from now we will be able to look back and tell our children that this was the moment” — when, among other wonders, “the rise of the oceans began to slow.” As economist Irwin Stelzer noted in his London Daily Telegraph column, “Moses made the waters recede, but he had help.” Obama apparently works alone.

Obama may think he’s King Canute, but the good king ordered the tides to halt precisely to refute sycophantic aides who suggested that he had such power. Obama has no such modesty.

After all, in the words of his own slogan, “we are the ones we’ve been waiting for,” which, translating the royal “we,” means: “I am the one we’ve been waiting for.” Amazingly, he had a quasi-presidential seal with its own Latin inscription affixed to his podium, until general ridicule — it was pointed out that he was not yet president — induced him to take it down

He lectures us that instead of worrying about immigrants learning English, “you need to make sure your child can speak Spanish” — a language Obama does not speak. He further admonishes us on how “embarrassing” it is that Europeans are multilingual but “we go over to Europe, and all we can say is, ‘merci beaucoup.'” Obama speaks no French.

His fluent English does, however, feature many such admonitions, instructions and improvements. His wife assures us that President Obama will be a stern taskmaster: “Barack Obama will require you to work. He is going to demand that you shed your cynicism … that you come out of your isolation. … Barack will never allow you to go back to your lives as usual, uninvolved, uninformed.”

For the first few months of the campaign, the question about Obama was: Who is he? The question now is: Who does he think he is?

We are getting to know. Redeemer of our uninvolved, uninformed lives. Lord of the seas. And more. As he said on victory night, his rise marks the moment when “our planet began to heal.” As I recall — I’m no expert on this — Jesus practiced his healing just on the sick. Obama operates on a larger canvas.

 

Barack Hussein Obama Quotes

Ξ June 18th, 2008 | → 0 Comments | ∇ 2008 Presidential Race, Main, Politics |

Barack Hussein Obama Quotes

Obama pro Marxism quotes:

“In America, we have this strong bias toward individual action. But individual actions, individual dreams, are not sufficient. We must unite in collective action, build collective institutions and organizations.”

“Because our individual salvation depends on collective salvation. Because thinking only about yourself, fulfilling your immediate wants and needs, betrays a poverty of ambition.”

“I simply believe that those of us who have benefited most from this new economy can best afford to shoulder the obligation of ensuring every American child has a chance for that same success.”

“I would look at raising the capital gains tax for purposes of fairness.”

“What tax increases will also do, I think, is allow us to make investments in basic scientific research, in infrastructure, in broadband lines, in green energy and will allow us to give some relief to middle class and working class families.”

“The time has come for universal health care in America.”

“We can’t drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times … and then just expect that other countries are going to say OK.”

Obama anti small town America quotes:

“You got into these small towns in Pennsylvania and, like a lot of small towns in the Midwest, the jobs have been gone now for 25 years and nothing’s replaced them. And they fell through the Clinton Administration, and the Bush Administration, and each successive administration has said that somehow these communities are gonna regenerate and they have not. And it’s not surprising then they get bitter, they cling to guns or religion or antipathy to people who aren’t like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations.”

Obama pro abortion quotes:

“…I’ve got two daughters; 9 years old and 6 years old. I am going to teach them first of all about values and morals. But if they make a mistake, I don’t want them punished with a baby.”

“The first thing I’d do as president is sign the Freedom of Choice Act,” which would overturn hundreds of federal and state laws limiting abortion, including the federal ban on partial-birth abortion and bans on public funding of abortion.”

Obama pro homosexual quotes:

“I opposed the Defense of Marriage Act in 1996. It should be repealed and I will vote for its repeal on the Senate floor. I will also oppose any proposal to amend the U.S. Constitution to ban gays and lesbians from marrying.”

“I do not agree…that homosexuality is immoral.”

Obama anti 2nd Amendment quotes:

“I am not in favor of concealed weapons. I think that creates a potential atmosphere where more innocent people could get shot during altercations.”

“I think there is an individual right to bear arms, but it’s subject to commonsense regulation.”

Obama racist quotes:

“White folks greed run a world in need”

“It was usually an effective tactic, another one of those tricks I had learned: White people were satisfied so long as you were courteous and smiled and made no sudden moves. They were more than satisfied; they were relieved — such a pleasant surprise to find a well-mannered young black man who didn’t seem angry all the time.”

“The point I was making was not that Grandmother harbors any racial animosity. She doesn’t. But she is a typical white person…”

“That’s just how white folks will do you.”

“Historically, African-Americans have turned inward and towards black nationalism whenever they have a sense, as we do now, that the mainstream has rebuffed us, and that white Americans couldn’t care less about the profound problems African-Americans are facing“

Obama global warming myth quotes:

“At a time when our ice caps are melting and our oceans are rising, we need you to help lead a green revolution. We still have time to avoid the catastrophic consequences of climate change.”

 

Our Collectivists Candidates

Ξ May 28th, 2008 | → 0 Comments | ∇ 2008 Presidential Race |

Our Collectivist Candidates

By DAVID BOAZ

May 28, 2008; Page A17

On Sunday Barack Obama urged graduates of Connecticut’s Wesleyan University to devote themselves to “collective service.” This is not an unusual theme for a commencement address. But it was interesting how long he went on discussing various kinds of nonprofit activism without ever mentioning the virtues of commerce or of individual achievement.

He also did not cite the military as an example of service to one’s country. This is a surprising omission in a Memorial Day weekend speech to college-age students by a man seeking to be entrusted with the defense of the U.S.

Sen. Obama told the students that “our individual salvation depends on collective salvation.” He disparaged students who want to “take your diploma, walk off this stage, and chase only after the big house and the nice suits and all the other things that our money culture says you should buy.”

The people Mr. Obama is sneering at are the ones who built America – the traders and entrepreneurs and manufacturers who gave us railroads and airplanes, housing and appliances, steam engines, electricity, telephones, computers and Starbucks. Ignored here is the work most Americans do, the work that gives us food, clothing, shelter and increasing comfort. It’s an attitude you would expect from a Democrat.

(more…)

 

A Video Portrait Of Barack Hussein Obama

Ξ May 13th, 2008 | → 0 Comments | ∇ 2008 Presidential Race |

 

The Scariest thing about Obama

Ξ May 13th, 2008 | → 0 Comments | ∇ 2008 Presidential Race |

 

Next Page »