The despicable display of crass continues at the White House as the half Negro and his Marie Antoinette wife show the world what shallow people they are. I guess when you have all the free money you can get your hands on every week is a party week. All those Marxist ideas to spread the wealth. All that redistribution of income. All that Harvard education to produce the smartest affirmative action couple on the planet. All the hope and change for the “working man.” And in the end the poverty rate reaches a 45 year high. Not since the posthumous 1964 Kennedy tax cuts back in the bad old days when the top tax rate was 91% have we seen so many in poverty. I guess those 5.5 million lost jobs since 2007 really do add up.

Obama and all his friends are just out to rip off the taxpayers, nothing more or nothing less. If they need to feed the ignorant masses class envy bull shit they will. The sad thing is the stupid ones breed faster than the smart ones and soon we regular 100 IQ white folks will be a endangered species as the ignorant ones chase us “privilege white people” out of our homes and off our land. Hugo Chavez must be happy he has a replacement for Fidel Castro.

Michelle Obama has more money to waste this week

President Barack Obama and First Lady Michelle Obama have a packed social schedule this week, with two major galas and a reception for college athletes.

On Monday evening, the President will welcome collegiate star athletes to the White House for a reception at 5:45 p.m. The annual event, first held by former President George W. Bush, recognizes outstanding student athletes in more than a dozen sports, including field-hockey, lacrosse, and volleyball. Neither of Obama’s alma maters, Columbia University and Harvard University, made the grade.

On Wednesday the First Couple will don black tie for the annual Congressional Hispanic Caucus Institute gala, one of the more entertaining political galas of the Washington fall season. A number of entertainers are being honored with awards, including Eva Longoria Parker, five-time Grammy winner Arturo Sandoval, and musician Sheila E. Also participating in the festivities will be Senate Majority Leader Harry Reid (D-Nev.), Speaker Nancy Pelosi (D-Calif.), and New York City Mayor Michael Bloomberg.
Hopefully the Obamas get some rest Thursday or Friday, because they will be back in formalwear on Saturday night for the Congressional Black Caucus Foundation’s (CBCF) annual Phoenix Awards dinner. The dinner will mark the culmiantion of the foundation’s 40th Annual Legislative Conference.

Honorees at the dinner will include New Jersey State Assembly Speaker Sheila Y. Oliver, actor and humanitarian Harry Belafonte, journalist Simeon Booker, and renowned choreographer Judith Jamison.
Washingtonians will recall that White House party-crashers Tareq and Michaele Salahi allegedly snuck into the CBCF dinner in 2009. Expect security to be extra tight this time around.

The Washington social season unofficially begins Saturday night with the Washington National Opera’s season opening gala, and ends in early December with the Kennedy Center Honors.

According to the elite in DC?

Apparently Obama, his administration and the main stream media have fingers pointed our way.

We failed to notice?
1. Shovel ready jobs that were not so ready?.
2. Unemployment had to slow sooner or later or NO ONE would be working?
3.The unemployment rate is not moving down?
4. Trillions of dollars in stimulus are stimulating what industries?

Now we are suppose to buy another how many billions for infrustructure?

Personally I am getting fairly tired of the voting public being called raciest, bigot, hypocritical, moronic, trouble maker ad nauseum by corrupt, unethical, pond scum.

How about you?

Well it has taken Obama 1 year, 7 months and 17 days to finally propose an economic initiative that is positive for the people. It must be finally dawning on him that he is not Hugo Chavez and those peasants out there in the streets really are armed, dangerous and do have the capacity to seize power from the imbecile and his Marie Antoinette bride. Maybe it was Joe Biden who slipped him a little note at lunch telling him his reign was coming to a end. Maybe one of his kids at school was teased because their dad was such a goof ball. Who knows? Whatever it was or whoever it is the message seems to have gotten through to the dolt that this is not Venezuela and he is not Hugo Chavez.

This man represents all us “typical white people” out there who hate the half Negro in the White House

For those of you who think I am insensitive please report me to Tea Party Tracker at http://www.teapartytracker.org/

The following appeared in the WSJ on 9-7-2010

Write to Jonathan Weisman at jonathan.weisman@wsj.com and John D. McKinnon at john.mckinnon@wsj.com

President Barack Obama, in one of his most dramatic gestures to business, will propose that companies be allowed to more quickly write off 100% of their new investment in plants and equipment through 2011.

Obama most closely related political figure from the past. King Louis XVI eventually lost his head.

The proposal, to be laid out Wednesday in a speech in Cleveland, tops a raft of announcements, from a proposed expansion of the research and experimentation tax credit to $50 billion in additional spending on roads, railways and runways.

Companies can now deduct new investment expenses, but over a longer period of time—three to 20 years. The proposed change, which would let companies keep more cash now, is meant to give companies who may be hesitant to invest an incentive to expand, acting as a spur to the overall economy.

While some economists praised the investment-incentive idea, some business groups and congressional Republicans said their higher priority remained an extension of the Bush income-tax rates for higher earners that are set to expire at the end of 2010. Mr. Obama and many congressional Democrats want to let those breaks expire.

Jade West, senior vice president of the National Association of Wholesaler-Distributors, said she hoped the tax proposal “is something we could get behind, but the devil is in the details.”

Administration officials hope businesses spooked by the faltering recovery but with investments already on the drawing board will rush to take advantage of the tax break. The tax break would be retroactive to Sept. 8, the day it is announced, so businesses won’t delay planned investments while waiting for congressional action. It would extend to Dec. 31, 2011.

White House economists said the plan would cut business taxes by nearly $200 billion over two years. Officials said that over the long run the government would only lose $30 billion, because deductions that businesses would have taken in future years under current rules would disappear.

Congress must approve the proposal, and White House Chief of Staff Rahm Emanuel said Monday the White House hasn’t yet discussed legislative strategy. The House and Senate return from recess the week of Sept. 13 with a separate, small-business lending measure as their first priority.

Lawmakers plan to leave Washington again after a few weeks in session to campaign ahead of the hotly contested midterm elections Nov. 2, so any action on the new proposal may have to wait until a lame-duck session after Election Day, or early next year.

Mr. Obama will follow his economic address Wednesday with a full White House press conference on Friday. “Without a doubt with this series, the president has seized the economic initiative,” Mr. Emanuel said.

Still, Mr. Obama’s proposal drew skepticism from some of his administration’s prominent opponents.

Michelle Obama’s extravagant vacations and luxurious parties would make Marie Antoinette blush with envy. Let’s hope the peasants have the same success with Michelle as they did with Marie

A senior administration official said about 1.5 million companies—those with tax liabilities and investments in the works—are expected to take advantage of the proposal.

Businesses would be able to lower their taxable income for the full amount of new investments they make in plants, equipment and virtually any investment besides real estate, an administration official said.

Under current law, if a company spends $10 million on a new factory, it gets to deduct the full amount of the cost over a period of between three and 20 years, depending on the investment. So it cuts its stated pre-tax profits by a varying amount each year, thus reducing taxes until the cost of the investment has been written off.

Under the new proposal, the company would get to deduct the full $10 million in the first year. That would give it an immediate cash infusion to offset the costs of investment. It would also give certainty that the full tax benefit would be realized. Companies often don’t get to write off the full cost of an investment over an extended time. They might go out of business during that window, or other tax complications could arise.

The investment incentive would embrace a long-held wish by conservative economists that had never won support from either Republican or Democratic administrations. “Temporary investment incentives like this can have big effects because they really pull investment forward,” said R. Glenn Hubbard, dean of the Columbia University School of Business and a former chairman of the Council of Economic Advisers under President George W. Bush. “This could have a big stimulative effect.”

An Idea Evolves

History of the tax break:

2002: Allowed 30% write-off for three years.
2003: Rate rises to 50%
2008: Small businesses allowed to write off value of investment up to $250,000. 50% allowed for larger companies.
2009: Both extended a year
2010: Both under consideration in Congress.
Source: Tax Policy Center

Kevin Hassett, an economist at the conservative American Enterprise Institute, praised the Obama plan, saying it “goes to show they’ve learned their lesson” from the 2009 stimulus. He estimated the tax change would expand business equipment investment by 5% to 10%.

But another economist, N. Gregory Mankiw, of Harvard University, and another former CEA chairman under President Bush, questioned whether the Obama proposal would have a big impact. Businesses can already take out a bank loan at extremely low interest rates to pay for new investments in plants and equipment, but they are not doing so, he said. It’s unclear why they would make those investments for a tax break.

The business investment deduction would supplement other Obama proposals, notably a permanent extension of an expanded research and experimentation tax credit, an idea Mr. Obama has touted since his presidential campaign.

At a Labor Day union rally in Milwaukee Monday, Mr. Obama also proposed the $50 billion round of infrastructure investments. Administration officials say the money would pay for 150,000 miles of refurbished roads, 4,000 miles of high-speed rail and 150 miles of airport runway, along with advances in air-traffic control technology.

Mr. Emanuel said the three proposals together would move money quickly into the economy through the government and the private sector.

Some in the business community said a higher priority for them continued to be the extension of the Bush-era income-tax rates for higher earners, set to expire at the end of 2010.

President Obama today unveiled a new plan to upgrade American infrastructure, bring the country’s highways and railroads into the 21st Century while creating jobs. Video courtesy of NewsCore and photo courtesy of Associated Press.

Mr. Obama and many congressional Democrats want to eliminate the current 33% and 35% rates for higher earners, and return them to pre-Bush levels of 36% and 39.6%.

“The best thing to do is to get rid of uncertainty, and that includes the cliff we’re falling off with all these [tax] provisions that are expiring,” said Bill Rys, tax counsel for the National Federation of Independent Business, a small-business group.

Many NFIB members also are concerned about a new requirement for reporting purchases of more than $600 to the Internal Revenue Service, he added. He questioned whether many business owners would choose to buy more equipment, at least until sales pick up.

Ms. West, of the wholesaler-distributors group, said, “If this will be offered as a tradeoff for raising the top two rates, it’s a non-starter.”

“That said,” she added, “I am delighted to see the administration move toward policies that acknowledge that tax policy has consequences.”

Jay Timmons, executive vice president of the National Association of Manufacturers, described the expensing proposal as “good at face value.”

But he questioned the administration’s logic in proposing to raise some business taxes in order to lower others.

“The good news [is that] the administration recognizes that manufacturing is key to getting the economy back on track and ensuring we are able to sustain economic growth and job creation. But you can’t do that if you’re penalizing one sector of manufacturing while trying to incent another.”

Write to Jonathan Weisman at jonathan.weisman@wsj.com and John D. McKinnon at john.mckinnon@wsj.com

Well the housing bubble and bust have come and gone. Fannie Mae and Freddie Mac have polluted the world financial system with sub prime loans and the world economy was sick for months, years. We the world citizens suffered the miserable disastrous social engineering policies of the elites together. And now two and a half years later as the United States continues to be plagued with Harvard educated Marxist in the White House the rest of the world has had enough and has decided they will be moving on. That sound you are hearing is the rest of the world decoupling from the United States and leaving us behind to fight it out with our dull affirmative action president and his Ivy League progressives.

Obama must be asking Geithner “Bush got a housing bubble, Reagan got a Savings and Loan bubble, Clinton got a NASDAQ bubble so where is my money bubble?”

So we will get more economic proposals from the statist in the White House, more stagnation and eventually inflation.

What Obama, Bernanke and Geithner have so desperately been trying to do is ignite another bubble like the one John Law did from 1715 to 1720 in France. None of their economic play book is new. It’s been around for centuries. And the Marxist, Keynesian and Wiz Kid have played it by the book inflating the monetary base 160%, the money stock almost 17% since 2008 and still no bubble. Obama must be pissed as well as the Democrats who will be losing this 2010 election in record numbers. $825 billion stimulus package, cash for clunkers, mortgage deduction credits, small business loans, take over of the banking industry, automotive industry and still billions of dollars sitting with banks and corporations on the sidelines. Obama has to be asking Geithner “Where is my bubble?” Why would Obama want another bubble just like the last one but only bigger?

John Law 1671-1729 would teach Geithner and Bernanke a lesson on how to create another financial bubble.

And then silence. There is no bubble for the 2010 elections. Hitler had the people behind him. Obama does not and in most jurisdictions in America elections are very difficult to fix, excluding Minnesota and Washington State. Bad new for the dictator wanna be.

As it stands there are billions of dollars sitting on the sidelines. Thousands of banks waiting for the Federal Reserve to capitulate to the forces of economics and raise interest rates. And what will unleash the forces of inflation on our nation? Remember those world economic growth rates? As China figures out it doesn’t need to buy American bonds, as Germany continues to practice fiscally conservative financial policies, as India discovers capitalism works the world will start to look elsewhere for economic markets and leadership.

As the rest of the world moves forward with real growth financed by investment and savings the United States cheap money policies will come back to haunt them and the dollar will plunge even more than today. Inflation will increase as the price of imported goods rise. Eventually the Federal Reserve will have to defend the dollar and hike interest rates. And when banks finally think they have a chance at making a profit all those billions of dollars will come out of the closet flooding the US economy creating the long awaited money bubble Obama has desperately been praying for. All those billions flooding the market at the same time all those sub prime mortgages from the last bubble come due at Fannie, Freddie and the zombie banks.

And that sums up the Obama and Democratic economic strategy. Now maybe some are too stupid (Obama) to understand the strategy but some are not (Geithner, Bernanke, Frank) and know exactly what they are doing. In the end it’s a simple strategy of blowing up the money supply, getting the peasants drunk and then when it all comes crashing down clamp the dictatorship screws and nail the coffin shut on freedom and liberty.

This Labor Day we can all be thankful Obama is asking Geithner “Where’s my bubble?” and not “How long do I have before it burst?” Maybe we peasants have enough time to get some adults in charge in Washington.

Apparently Congress and the President have made a grave error.
Or maybe the objective is to bankrupt this nation.
Apparently they are doing a great job at the latter.
In fact that is about the only thing they have successfully done in the past 10 years.

We have lost billions fighting a war in Iraq and further billions in Afganistan.
The threat of cap and tax, higher income taxes, Obamacare and the willingness of the feds take over banks at the drop of a hat has new business upstart and expansion frozen.
Yesterday the unemployment figures were announced.
Unemployment is back up to 9.6% and we had a loss of 54,000 jobs in August.

It is no shock that Obama’s rating is dropping.
CLEARLY NOT ALL OF THE PEOPLE ARE STUPID ALL OF THE TIME.

Someone just sent this my way and I had to share it.
I fully believe the cartoon above to be true.

While I am at it I might as well comment on the Glenn Beck gathering of 8/28.

You know the one about every progressive/liberal main stream media WINGNUT maligned AS racial, bigoted, crazy white people ad nausium?

Well all of those who comented INCLUDING Al Sharpton who made a total asshole (again) of himself by trying to worm out of what he said on the Bill OReilly show Monday nite.

Oh my GOD! This guy has been a disgrace for all blacks since Tawana Brawley.
Who on earth puts any stock in ANYTHING he says anymore?