Showing posts with label 99%. Show all posts
Showing posts with label 99%. Show all posts

Monday, August 13, 2012

An Interesting Vice........President


--> Lotsa folks—even some of those in the GOP—are wondering why Mittsy chose Paul Ryan to be his Veep.
And it’s simple, really, because, under the tax plan promoted by Paul Ryan, Mittsy and his ilk—Ryan included—would pay almost nothing in federal taxes. See, Ryan’s plan would eliminate income taxes on capital gains, interest, and dividends entirely, which means that a great deal of Mittsy’s already untaxed wealth would never be taxed at all.
If we look at Mitty’s earnings from 2010—the only year for which we have a full tax return –he earned more than $21 million. But almost all of that was capital gains and interest. Romney did earn $593,996 in author and speaking fees that year, and since he actually worked to earn that income, it would still be taxed under Ryan’s plan. But Ryan also would reduce the top marginal tax rate from 35% to 25% and would eliminate the Alternative Minimum Tax.
Bottom line? Romney’s tax rate for 2010 would have been 0.82 percent under the Ryan plan and really, isn’t that why Mittsy wants him as second in command? To preserve the wealth of the wealthiest and tax those who can least afford it?
Nearly all of the 1% would end up paying nothing in federal taxes, as long as they don’t actually work for any of their income.
And that loss of revenue would essentially destroy the government since there would be no money—or very little money coming from the 99%--to pay for anything other than Social Security and defense.
Nothing.
No FBI. No highway funds. No FAA. No Veteran’s benefits. No NASA. No unemployment insurance. No weather service. Nothing to protect our borders at all. No Medicare or Medicaid. No federal education funds.
But, hey, Mittsy and Ryan would make out like bandits, so, that’s why Paul Ryan is Mitty’s running mate.
And don’t even think otherwise.

Tuesday, August 07, 2012

The Mittsy Chronicles: The Summer Of His Discontent


So, Mittsy's team of handlers and enablers and spinners might be jumping for GOP joy because he's raising so much money for his campaign—Is that really a surprise when the 1% supports him?—but when you look at the last month of Romney goofs and gaffes, the laughter is tinged with a little incredulity that their man is a complete dumbass. So, let's walk back over the last four weeks or so in Mittsydom, courtesy of the good folks at TPM:

July 1: Mittsy is on vacation in Wolfeboro, New Hampshire. The previous couple of weeks had been among the most intense of the election, marked by the Supreme Court’s decision to uphold the Affordable Care Act [ACA], and Obama unleashed a bunch of ads reminding us all of Mittsy's involvement with Bain Capital, a leader in outsourcing of American jobs.

July 2: One of Mittsy top advisors, Eric Fehrnstrom, breaks with GOP talking points, and starts calling the ACA’s mandate a “penalty,” not a “tax.”

July 3: Mother Jones publishes multiple stories on Mittsy's ALLEGED exit from Bain Capital in 1999, noting that his name still appears on SEC filings related to later investments.

July 4: Mittsy flips on Eric Fehrnstrom's flop, when he says the ACA mandate is a tax, and not a penalty, though he says the same mandate in his own Romneycare was not a tax. Huh?

July 5: Irate by Mittsy’s handling of the ACA decision, the Wall Street Journal warns that he is in danger of blowing the election: “If Mitt Romney loses his run for the White House, a turning point will have been his decision Monday to absolve President Obama of raising taxes on the middle class.”

July 6: Okay, so he has a slightly good day when he slams the president’s jobs record after a weak employment report. It marks one of the few days that Mittsy can actually convey a coherent message.

July 10: TPM finds SEC filings listing Mittsy’s “principal occupation” as “Managing Director of Bain Capital, Inc.” after he says he departed the company to run the Olympics.

July 11: Mittsy gets booed at the NAACP conference for pledging to repeal Obamacare.

July 12: The Boston Globe finds numerous examples of SEC filings that refer to Mittsy as CEO, chairman and sole owner of Bain Capital after his 1999 Olympics leave. The Obama campaign demands Mittsy prove his claim that he doesn’t bear responsibility for a variety of investments that occurred after his stated departure, and suggests Mittsy may have committed a “felony” if he misled, er, lied, on his SEC reports.

July 13: As is his style, Mittsy offers no explanation for the Bain mess, but instead demands that Obama apologize to him for even bringing it up.

July 14: The Obama campaign responds by unveiling a new ad that shows Mittsy singing “America the Beautiful” while news stories about his foreign investments and holdings flash on screen. The Washington Post calls it “perhaps the most memorable of the cycle.” I say it’s the best ad EVER!

July 17: Romney surrogate John Sununu goes all ape-shit in the media, talking about Obama’s teen drug use and his brief childhood move to Indonesia, and demanding that Obama “learn to be an American.” He offers a lukewarm apology for his racism the same evening.

July 18: Mittsy tries to build steam by using an out of context Obama quote....“You didn’t build that”....that FAUX News spends dozens of segments covering.

July 19: Mittsy presses on with “you didn’t build that,” releasing a video that misleadingly chops up and weaves together pieces of Obama’s speech. In other words, he lies. Again.

July 20: A gunman kills 12 people in Colorado, prompting both candidates to temporarily abandon negative ads in the state and drop partisan rhetoric from their public appearances.

July 25: Mittsy goes to London. Let the games begin! Hoping to showcase his foreign policy credentials, Mittsy puts his thousand-dollar loafers in his mouth by questioning Britain’s handling of security and then he questions British enthusiasm for the games.

July 26: With headlines like “Mitt the Twit,” the British press lambasts Mittsy for his remarks. Prime Minister David Cameron slams Mittsy’s Salt Lake City games: “[I]t’s easier if you hold an Olympic Games in the middle of nowhere” while London Mayor Boris Johnson mocks Mittsy at a pre-Olympics rally, and the crowd cheers.

July 29: At a fundraiser in Jerusalem, Mittsy chalks up Israel’s economic superiority over Palestine to “culture” and “providence,” prompting Palestinian officials to condemn his remarks as “racist.”

July 30: Mittsy tells ABC News that he would be “happy” to provide details on whether he paid a lower tax rate than 13.9 percent in 2010 in previous returns, but his campaign denies the network’s request for the follow-up information.

July 31: Contradicting, a 1% word for lying, his own speech, Mittsy denies to FAUX News that he was referring to Palestinian culture, but then he flip-flops....again....and publishes a National Review op-ed standing by his original remarks.

July 31: Mittsy’s traveling press secretary, Rick Gorka, dresses down American reporters following the candidate in Poland, telling them to “kiss my ass” and “shove it.”

July 31: Harry Reid claims he has an unnamed Bain Capital “source” who says Mittsy didn’t pay “any” taxes for 10 years. The unsubstantiated claim spreads like wildfire.

August 1: The nonpartisan Tax Policy Center releases a study which suggests Mittsy’s tax plan would either explode the deficit or increase taxes by an average of $500 for the 95% and profit the 1%. Despite the fact that he often cites the Tax Policy Center in his own speeches, Mittsy calls their report “partisan” and “biased” but does not release any details to contradict it.

August 2: The Obama campaign releases an ad based on the Tax Policy Center’s findings.

August 2: Mittsy tells Reid to “put up or shut up” on his Bain source and Harry Reid responds that Mittsy should release his tax returns if he wants to prove his “extremely credible” source wrong. Mittsy does not.

August 3: Romney condemns Reid’s claim: “I have paid taxes every year, and a lot of taxes.” And still, he refuses to prove it.

Ah, Mittsy. A bad summer for you, but I’m loving it!


Wednesday, July 11, 2012

Hey Mittsy Fans? COMMON Folks Vote, Too

Mittsy had a big fundraiser in the Hampton's recently, at the home of conservative billionaire David Koch, who never met a political office he didn’t want to buy; and make no mistake, you Mittsy supporters out there, Koch has said he will buy the presidency and once these kinds of deals are made then you can forget about having any say at all in politics unless you have a monster bank account.
And a great deal of Mittsy’s base—those with huge bank accounts, those with huge bank accounts, like Mittsy, who pay a smaller percentage of their income in taxes than a school teacher pays, those with huge bank accounts who, like Mittsy, keep their money out of the country, in Swiss accounts and Cayman banks, rather than invest in their own country. Those with huge bank accounts who, like Mittsy, think $375,000 a year isn’t a lot of money.
Yeah, those people; the One Percent.
They came with high hopes for the GOP candidate; high hopes, some words of advice, and, well, not their names because……
One man, a “money manager,” said it was time for Romney to "up his game and be more reactive." He said Romney has been very “timid” so far. He also said, well, that was all he said because he wouldn’t give his name because he said it would hurt his business.
He supports Mittsy, but he doesn’t want to announce it. That’s real support people.
So was a woman who also would not give her name; she said Romney needed to do a better job connecting with, um, common people. Direct quote from nameless, faceless, lady with a full wallet, Romney supporter:  "I don't think the common person is getting it."
Common. Schoolteacher paying more of their income in taxes than Mittsy common.
She goes on, blathering:  "We've got the message, [but] my college kid, the baby sitters, the nails ladies—everybody who's got the right to vote—they don't understand what's going on. I just think if you're lower income—one, you're not as educated, two, they don't understand how it works, they don't understand how the systems work, they don't understand the impact."
Common folks are dumb. That’s Mittsy’ base. Remember when W made that lame ‘joke’ about the elite wealthy being his base? For Mittsy it is no joke.
See, to drive out to the Hamptons and rub shoulders with Mittsy costs a lot; and not just in the fat check you might write, but in how this country will change, better for the 1%, worse for the rest of us, if Mittsy takes office. Romney's luncheon with House Majority Leader Eric Cantor cost $25,000 per person. At the evening fundraiser at the Koch estate the suggested contribution was $75,000 per couple.
That’s a lot of money for common folk. And any way you look at it, we can’t afford it.


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Wednesday, January 25, 2012

Oh Mittsy! You're Just Like Me!!

Let's make this perfectly queer: I don't begrudge Mitt Romney, or anyone for that matter, being a millionaire or a billionaire or even a kajillionaire. But, what pisses me off about Mittsy is his constant "I'm just like you" attitude.
It ain't workin', Mittsy. Especially now that your tax returns have been released and we can all see just how unlike us you are:
  • Mitt Romney earned $21.7 million in 2010....just like me.
  • Mitt Romney earned $20.9 million in  2011.....just like me.
  • Mitt Romney paid a lower tax rate [13.9%...less than the 15% he originally claimed] than many middle-class Americans....just like me. 
  • Mitt Romney's tax rate was also well below what other wealthy people pay, which is 25%...just like me.
  • Mitt Romney makes more in a day [more than $33,000 in a day] than the average American makes in a year, and becomes a 1 percenter every week...just like me.
  • Mitt Romney paid almost nothing [0.1%] in payroll taxes because the tax is only assessed on earned wages; most working Americans pay 7.65 percent....just like me.
  • Mitt Romney has accounts in the Cayman Islands, Switzerland, and Luxembourg, countries notorious for tax dodging....just like me. [Aides said he closed his Swiss account in 2010 because it might have been “politically embarrassing.”]
  • Mitt Romney's [and Newt's] tax plans would slash Romney’s taxes to less than half what he pays now....just like me.
Now, let me say again, I don't begrudge Romney being a millionaire. I do, however, take issue with his lies that he's "just like me" and that he was also "unemployed" last year. I also take issue with the fact that if Mittsy Romney, or Newt Gingrich, get elected in November, they'll be looking out for their own.
But hey, that's just like me.


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Monday, January 09, 2012