To begin, the highly controversial Farrakhan accused Republicans of having “overt” racist motives in their opposition to Obama, the country’s first black president. He attacked a political process that he says is controlled by monied interests and wants “to keep America white.”
that's funny because isn't Farrakhan part of the same fiat system and disproportionate tax cast system as everyone?
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
The 7-Eleven Presidency 7:15 AM, Oct 18, 2012 • By JEFFREY H. ANDERSON
In the wake of the Treasury Department’s newly released summary of federal spending for 2012, it’s now possible to detail just how profligate the Obama years have been. Here’s the upshot: Under Obama, for every $7 we’ve had, we’ve spent nearly $11 (or, to be more exact, $10.95). That’s like a family that makes $70,000 a year — and is already knee-deep in debt — blowing nearly $110,000 a year.Obama SOTU
To illustrate this a bit differently, for every Jackson ($20) we’ve had available to spend under Obama, we’ve also borrowed a Hamilton ($10) and a Washington ($1) and spent those too. The only thing is that, under Obama, we’ve (literally) spent the equivalent of 342 billion Jacksons, 342 billion Hamiltons, and 342 billion Washingtons — borrowing all of the Hamiltons and Washingtons.
Let’s take a look at the scorecard, based on official government figures. In fiscal year 2012 (which ended on September 30), the federal government acquired $2.449 trillion in tax revenue and other receipts. It spent $3.538 trillion — 44 percent more than it had available to spend. The resulting deficit was $1.089 trillion.
In fiscal year 2011 (see table S-1), the federal government acquired $2.303 trillion in tax revenues and other receipts. It spent $3.603 trillion — 56 percent more than it had available to spend. The resulting deficit was $1.3 trillion. http://www.weeklystandard.com/blogs/7-eleven-presidency_654846.html
The Truth-O-Meter Says: Romney Says Barack Obama has pension investments that include Chinese firms, and "investments through a Caymans trust."
One of the many tense moments in the second presidential debate turned on a new topic in the race: President Barack Obama’s pension account.
Here’s how it came up: Early in the face-off, Obama scoffed at Mitt Romney’s pledge to crack down on unfair trading practices by China, saying Romney is currently invested in companies "that are building surveillance equipment for China to spy on its own folks."
Romney later explained that, yes, he understands that his blind trust has invested in foreign firms, including companies in China. Then he confronted Obama.
Romney: "Mr. President, have you looked at your pension? Have you looked at your pension?"
Obama: "You know, I don’t look at my pension. It’s not as big as yours so it doesn’t take as long. I don’t check it that often."
Romney: "Let me give you some advice. Look at your pension. You also have investments in Chinese companies. You also have investments outside the United States. You also have investments through a Caymans trust."
The exchange was a role reversal: An Obama campaign ad in July 2012 claimed Romney had millions in the Cayman Islands, among other "tax havens." We rated that True, noting that nothing was illegal or improper about the investments through his blind trust.
We also reviewed an Obama claim from an ad in September 2012 that said, "Even today part of Romney’s fortune is invested in China."
We rated that Mostly True, noting that Romney had money invested in funds that owned shares in two Chinese firms, but that Obama’s claim suggested Romney had more to do with the investment decision than is the case. (We further noted that the New York Times reported that one of the funds had invested in a Chinese video surveillance company that supplies cameras to police for watching public spaces.)
Okay, so what about Romney’s debate description of Obama’s pension investments?
The Romney campaign told us it was referring to investments made by the Illinois State Board of Investment on behalf of the state employees’ retirement system there.
Obama, you may recall, was an Illinois state senator from 1997 to 2004 before winning election to the U.S. Senate. He is a participant in the General Assembly Retirement System in Illinois, said William Atwood, executive director of the Board of Investment, who confirmed that for us.
The Romney campaign pointed us to that pension fund’s holding in an entity that is part of Advent International. Advent has described itself as "one of the world’s most global private equity firms" and has buyout offices in 16 countries.
Atwood confirmed that the pension fund has invested $30 million in one of Advent’s limited partnerships, Advent International GPE VI-A. That partnership was organized in the Cayman Islands, Atwood said. Public filings back that up.
What about Romney’s broader claims, about Obama’s foreign investments?
The Illinois pension fund also has numerous foreign investments, including in Chinese companies, as part of its diversified portfolio, Atwood said.
The Obama campaign has connected Romney’s overseas investments in the Caymans to methods for avoiding U.S. taxes. But there’s no evidence Obama receives any tax advantage from his overseas pension investments.
David S. Miller, a tax attorney with Cadwalader, Wickersham & Taft LLP in New York, reviewed public filings by Advent and said it was highly unlikely Obama got any tax advantage from the pension fund’s investment in the Advent partnership.
Atwood went further, saying: "There is no tax advantage to any (pension) plan participant" from that investment.
Miller offered this analysis: "There is no evidence that the fund helped the Illinois pension fund avoid any taxes – in this respect, the Illinois pension fund would have been treated identically had the fund been organized as a domestic (U.S.) partnership. However, the fact that it was organized as a Cayman partnership might have allowed some taxable investors to defer some tax on foreign (non-U.S.) portfolio companies purchased by the Fund."
Atwood emphasized that neither Obama nor any other participant in the retirement system has anything to do with selecting investments for the fund.
Miller concurred with that, and added that Romney legitimately can claim that he has similar distance from foreign investments made through his individual retirement accounts.
It’s "entirely accurate" for Romney to say that Obama’s pension plan has investments in foreign companies and through a Caymans trust, Miller said. Technically, it’s a Cayman-based partnership, but that’s a trivial difference, he added.
Our rating
Romney told Obama: "You also have investments in Chinese companies. You also have investments outside the United States. You also have investments through a Caymans trust."
It’s an accurate set of statements when you consider investments made by managers of the Illinois pension fund in which Obama has an account.
As we noted in reviewing previous claims about Romney’s investments in China, the investments involved are indirect and -- as far as anybody has said -- made without the knowledge of the account holder.
New Obama slogan has long ties to Marxism, socialism ← return to Inside Politics
Obama campaign apparently didn't look backwards into history when selecting its new campaign slogan, "Forward" — a word with a long and rich association with European Marxism.
Many Communist and radical publications and entities throughout the 19th and 20th centuries had the name "Forward!" or its foreign cognates. Wikipedia has an entire section called "Forward (generic name of socialist publications)."
"The name Forward carries a special meaning in socialist political terminology. It has been frequently used as a name for socialist, communist and other left-wing newspapers and publications," the online encyclopedia explains.
The slogan "Forward!" reflected the conviction of European Marxists and radicals that their movements reflected the march of history, which would move forward past capitalism and into socialism and communism.
The Obama campaign released its new campaign slogan Monday in a 7-minute video. The title card has simply the word "Forward" with the "O" having the familiar Obama logo from 2008. It will be played at rallies this weekend that mark the Obama re-election campaign's official beginning.
There have been at least two radical-left publications named "Vorwaerts" (the German word for "Forward"). One was the daily newspaper of the Social Democratic Party of Germany whose writers included Friedrich Engels and Leon Trotsky. It still publishes as the organ of Germany's SDP, though that party has changed considerably since World War II. Another was the 1844 biweekly reader of the Communist League. Karl Marx, Engels and Mikhail Bakunin are among the names associated with that publication.
East Germany named its Army soccer club ASK Vorwaerts Berlin (later FC Vorwaerts Frankfort).
Vladimir Lenin founded the publication "Vpered" (the Russian word for "forward") in 1905. Soviet propaganda film-maker Dziga Vertov made a documentary whose title is sometimes translated as "Forward, Soviet" (though also and more literally as "Stride, Soviet").
Conservative critics of the Obama administration have noted numerous ties to radicalism and socialists throughout Mr. Obama's history, from his first political campaign being launched from the living room of two former Weather Underground members, to appointing as green jobs czar Van Jones, a self-described communist.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
They SOOOO want an "issue"... a REAL ISSUE... and will grasp at any feeble excuse to find one.
LMAO @ "FORWARD" as a campaign issue!!!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
They SOOOO want an "issue"... a REAL ISSUE... and will grasp at any feeble excuse to find one.
LMAO @ "FORWARD" as a campaign issue!!!
Let's get back to the REAL ISSUES facing America, like the "war on women" and Romeny "killng big bird". You may be out of work for the last 2 years and your house was forclosed on, but hey, look at the bright side, the Democrats are giving you free birth control and fighting to save sesame street. So in all this new free time because you don't have a job, you can check into the YWCA with your free birth control and screw like a jack rabbit while watching Big Bird and Oscar the Grouch sing Sunny Days during the intro to Sesame Street.
Obama campaign accepted foreign Web donation -- and may be hiding more
By ISABEL VINCENT and MELISSA KLEIN Last Updated: 6:04 AM, October 21, 2012 Posted: 12:34 AM, October 21, 2012
EXCLUSIVE
The Obama re-election campaign has accepted at least one foreign donation in violation of the law — and does nothing to check on the provenance of millions of dollars in other contributions, a watchdog group alleges.
Chris Walker, a British citizen who lives outside London, told The Post he was able to make two $5 donations to President Obama’s campaign this month through its Web site while a similar attempt to give Mitt Romney cash was rejected. It is illegal to knowingly solicit or accept money from foreign citizens.
"Through Friday, since Mr. Obama's inauguration -- his first 1,368 days in office -- the Dow Jones industrial average has gained 67.9 percent... the fifth best for an equivalent period among all American presidents since 1900."
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
YUP! They crashed under Bushy and went up under Obama!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Bob Woodward: Obama 'mistaken' on sequester 'What the president said is not correct,' Woodward told POLITICO | AP Photo By LEIGH MUNSIL | 10/23/12 4:24 PM EDT Updated: 10/23/12 6:02 PM EDT
Bob Woodward says President Barack Obama got some of his facts wrong on sequester at Monday night’s debate.
“What the president said is not correct,” Woodward told POLITICO Tuesday. “He’s mistaken. And it’s refuted by the people who work for him.”
Woodward, a Washington Post journalist who was a key reporter on the initial coverage of the Watergate scandal, said he stands behind his reporting in the book, which drew upon sources involved in last year’s deficit talks and detailed notes taken in the meetings.
(Also on POLITICO: Woodward's book: 5 telling moments)
Woodward reports in his book that White House Office of Management Director Jack Lew and Legislative Affairs Director Rob Nabors took the proposal for sequestration to Senate Majority Leader Harry Reid, and then it was presented to congressional Republicans. During the debate, however, Obama said the idea originated on Capitol Hill.
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