$8 million is greater than $4 billion according to Lou Dobbs.
$8 million is greater than $4 billion according to Lou Dobbs.
1) BYE SANTORUM
Here’s a slip you’d NEVER make unless you’re thinking the word, or unless you use the word a lot in private conversations…
WATCH VIDEO below:
2) YOUR 2012 GOP PRESIDENTIAL NOMINEE: MITT ROMNEY
Because why should the wealthy have to pay the same rates as the rest of us? Romney Campaign Gripes About The ‘Tax Problem’ Created By Romney’s $100 Million IRA — Wall Street Journal the “tax problem” created by Romney’s massive $100 million retirement account: In any case, swelling the IRA to the size Mr. Romney’s reached has “created a tax problem” for the former Massachusetts governor, said a Romney campaign official. Tax-law changes since Mr. Romney’s Bain tenure mean that long-term capital gains in regular accounts now are taxed at 15%. But IRA gains are taxed at ordinary-income rates upon withdrawal, which for Mr. Romney, under current law, would be 35%. “Who wants to have $100 million in an IRA?” said the campaign official. || NOTE: Romney’s own tax plan would alleviate his “problem” by implementing a 20 percent reduction in the top income tax rate. Even before he rolled out the second version of his tax plan, which took his absurd tax cuts for the rich even further, Romney’s tax plan would have cut his own taxes nearly in half.
Exclusive: Paul Ryan Will Endorse Romney — Ryan is appearing on the show of top Wisconsin talk radio host, Charlie Sykes, Friday morning, and Republicans speculated after BuzzFeed reported the endorsement Thursday night that the formal announcement could come Friday morning. The move is also timed to end the Republican contest, coming after another major conservative leader, Florida Senator Marco Rubio, backed Romney. It badly undercuts Santorum’s case that he can rally a conservative opposition to the moderate frontrunner, and is likely to further squeeze the money and political support Santorum has sought to command. The apparent cost of Ryan’s endorsement was Romney’s backing earlier this month for Ryan’s 2013 budget plan, which would cut the top marginal tax rate while reducing spending on Medicare and Medicaid, and shifting the federal health program for the elderly to a private voucher system.
Romney endorsements – FEEL the excitement! — Florida Senator Marco Rubio endorsed Mitt Romney for president yesterday, but you wouldn’t know it if you were listening to him today wherein he said this: “There are a lot of other people out there that some of us wish had run for president — but they didn’t… I think Mitt Romney would be a fine president, and he’d be way better than the guy who’s there right now.” That’s quite a non-endorsement endorsement. “I wish someone else would have run, but they didn’t, so I guess I’m stuck endorsing this guy.” || NOTE: in case anyone dreams that Marco Rubio is proof that the GOP loves, loves, loves (!) Hispanics / Latinos, and Rubio’ll bring those voters into the ‘big’ tent, never forget what the rightwing base-nuts actually THINK about Hispanics / Latinos: Breitbart.com: If You’re Hispanic, You’re Definitely Not ‘White’
3) REPUBLICAN PARTY OF TEA IN THE 21ST CENTURY
GOP Thwarts Repeal Of Big Oil Subsidies — Even though the major oil companies are turning in world record quarterly profits, today the GOP members of the Senate thwarted a bill to repeal their massive multi-billion dollar tax subsidies. Senate Republicans, including Scott Brown of Massachusetts, today foiled President Obama’s plan to strip $24 billion in tax subsidies from the country’s largest oil companies, potentially fueling an election-year issue among voters disgruntled by escalating gas prices. The 51-47 vote was mostly along party lines. Most Democrats, including Senator John Kerry, voted in favor of eliminating the subsidies but fell far short of the 60 votes needed to withstand a filibuster. […] It’s a win-win for the GOP. They get to pocket millions in Super PAC campaign dough via Big Oil donations AND they get to scream about the high price of gasoline. UPDATE: Think Progress points out: “The 47 senators voting against the bill have received $23,582,500 in career contributions from oil and gas.”
“Republicans could have easily taken the stand of defending the Stand Your Ground laws. They could have said they welcomed an investigation and believed that the investigation would show the truth. But they didn’t do that. Instead, the went after the victim and portrayed him as someone who probably had it coming. This is all we need to know about Republicans and how they approach matters of race. When given an opportunity, they didn’t hesitate for a second to smear a dead kid.” — A comment on the article How The Right Deals With A Problem Like Trayvon Martin [image: liberalsarecool]
Missouri Republicans Embrace Birtherism, Pass Bill Requiring Proof Of Citizenship — HB 1046 was introduced by state Rep. Lyle Rowland (R). He explained why he felt the bill was necessary to the St. Louis Post-Dispatch: Rowland, a Republican from Cedarcreek, said he sponsored the bill because he doesn’t think there is enough vetting in the current process, which primarily relies on political parties to verify whether candidates meet all requirements. “This would just provide us with the verifying evidence,” Rowland said. Rowland and other Republicans deny that the bill is in response to charges that President Obama is not a citizen, but state Democrats are unconvinced, calling the timing questionable. “There is a large amount of people out there who don’t think our president if a U.S. citizen,” said Rep. Jacob Hummel (D).
4) APOCALYPTIC POTENTIAL (VOTE!)
Ezra Klein: Forecast: Republicans to take Senate in 2012 — Alan Abramowitz projects Republicans will keep the House and win back the Senate in 2012. More on his model here. If Obama is reelected, I’m not sure how much this matters: As Republicans are likely to control the House either way, anything that passes will require their agreement whether or not they also control the Senate. The real takeaway is that if Mitt Romney wins, he’s very likely to have a Republican House and a Republican Senate. And you can make major changes to the tax code, not to mention Medicare and Medicaid, through the 51-vote budget reconciliation process. || NOTE: IMAGINE THIS DEBACLE PASSING AS LAW:
1) PRESIDENT OBAMA / DEMOCRATS
2) YOUR 2012 GOP PRIMARY
3) YOUR 21st CENTURY REPUBLICAN (TEA)PARTY
4) REPUBLICAN WAR ON WOMEN
5) PROTECTING THE WEALTH OF THE ONE PERCENT: GOP WAR ON THE 99%
RICK PERRY HAS RECEIVED A LOT OF MONEY FROM THE RICH AND POWERFUL — and he’ll likely receive even more during his presidential campaign. What’s interesting is that if top donors like the wealthy and oil companies pay his way, which do you think Perry would be more likely to do away with for budgeting purposes: 1) tax breaks for the rich, 2) tax subsidies and loopholes for profitable corporations, or 3) Medicare and other services and programs for everyone else?
Perry has received a total of $37 million over the last decade from just 150 individuals and couples, who are likely to form the backbone of his new effort to win the Republican presidential nomination. The tally represented more than a third of the $102 million he had raised as governor through December, according to data compiled by the watchdog group Texans for Public Justice. Nearly half of those mega-donors received hefty business contracts, tax breaks or appointments under Perry… (via Los Angeles Times)
Think Progress reports on how much Perry has been funded by Big Oil:
Just Like former President George W. Bush, Rick Perry is heavily funded by the oil and gas industry. In fact, it has been Rick Perry’s very top source of funding:
Top oil company contributions include $189,188 from Exxon Mobil, $147,895 from Valero Energy, and $116,000 from Koch Industries.
But the big money rolling into Perry’s campaign coffers has ultimately been good for Texas, right? Isn’t there a ‘miracle’ going on with employment in Texas — don’t those tax cuts for the wealthy create jobs for everyone else? Marie Diamond comments on the employment situation in Texas:
Rep. Charlie Rangel (D-NY) is taking issue with the “Texas miracle” myth that Gov. Rick Perry (R-TX) is selling. This morning, Rangel told reporters that Perry’s record of job creation is nothing to be proud of because the jobs pay such low wages that “it’s one stage away from slavery.” Today, a New York Times review of Perry’s track record concluded, “Texas has one of the highest percentages of workers who are paid the minimum wage and receive no medical benefits.” Perry has also presided over a steady, decade-long decline in his state’s employment to population ratio. He inherited a ratio of more than 47 percent from George W. Bush, but now only 43.5 percent of Texans have a job, compared to 44.7 percent of the total U.S. population.
Who benefits from paying minimum wage without benefits do you suppose? Good bye, middle-class! Pat Garofalo points out unemployment numbers in Texas vs. the entire United States — Texas is worse:
Reuters’ Felix Salmon today highlighted data showing that Texas employment-to-population ratio — the percentage of the population that has a job — has plummeted under 2012 presidential contender Gov. Rick Perry’s (R-TX) watch:
THE LAST THING AMERICA NEEDS RIGHT NOW is Perry’s preferential treatment for Big Money donors combined with his ‘Texas miracle’ for our nation’s unemployment problem. Or as Paul Krugman says,
What Texas shows is that a state offering cheap labor and, less important, weak regulation can attract jobs from other states. I believe that the appropriate response to this insight is “Well, duh.” The point is that arguing from this experience that depressing wages and dismantling regulation in America as a whole would create more jobs — which is, whatever Mr. Perry may say, what Perrynomics amounts to in practice — involves a fallacy of composition: every state can’t lure jobs away from every other state.
In fact, at a national level lower wages would almost certainly lead to fewer jobs — because they would leave working Americans even less able to cope with the overhang of debt left behind by the housing bubble, an overhang that is at the heart of our economic problem.
So when Mr. Perry presents himself as the candidate who knows how to create jobs, don’t believe him. His prescriptions for job creation would work about as well in practice as his prayer-based attempt to end Texas’s crippling drought.
As part of their radical Tea Party budget, House Republicans voted to end Medicare but protect tax breaks for millionaires, billionaires, and Big Oil.
If that bothers you at all, go sign this DCCC petition which will be delivered to John Boehner when 250,000 signatures are collected. The information required: email, name, zip.
“…organisations tracking money in politics say the Kochs’ biggest impact in the midterm elections will be from funding and providing logistical support to such groups as Americans for Prosperity (AFP), one of the biggest Tea Party groups.
[...] Obama’s election, and the prospect that the new president would reverse nearly two decades of reduced government oversight of industry, put the Kochs and their footsoldiers in Americans for Prosperity on high alert.
“They were very afraid of the Obama administration and a return to a pro-regulatory environment after the Bush years, and probably ramped it up a bit to make sure nothing new was going to inhibit their business,” Davies said.
A day after CNBC’s Rick Santelli launched his on-air howl against Obama’s mortgage bailout plan, AFP and Freedom Works put up Facebook pages and began organising events around the country. The Tea Party was under way.”
Regarding Joe Barton’s apology to BP this week, this morning White House chief of staff Rahm Emanuel told Jake Tapper on ABC’s This Week:
“That is an approach — they see the aggrieved party here as BP, not the fishermen. Remember, this is not just one person. Rand Paul running for Senate in Kentucky. What did he say?
He said, the way BP was being treated was un-American. Other members of the Republican leadership have come to the defense of BP and attacked the administration for forcing them to set up an escrow account and fund it to the level of $20 billion. These aren’t political gaffes,” Emanuel continued.
“I think what Joe Barton did is remind the American people, in case they forgot, this is how Republicans would govern,” he said.
*BP 114 = 114 members of the Republican Study Committee opposed to the president’s $20-billion escrow fund for oil spill victims.