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Friday, August 26, 2011

Cruising the Web

The man who used social media to vault into the presidency has now become a laughingstock on Twitter as tweets turn negative on The One.

Obama is having to shore up his dissatisfied supporters in the black community.

Charles Krauthammer examines what is both right and wrong about the new Martin Luther King memorial. He applauds the placement of the memorial between the Lincoln and Jefferson memorials, but, as many have already commented, the monument itself is an atrocious throwback to socialist realism. Krauthammer also notes the omissions from the quotes taken to decorate the memorial.

Stephen Moore contrasts
the policies of Obamanomics and Reaganomics and their respective consequences.

There is something quite odious about Bill Keller's writing a column asking questions about the GOP candidates' religious beliefs and their associations. Notice that he didn't have the same curiosity about Barack Obama's 20 years in Jeremiah Wright's church. I'd prefer to leave the candidates' religion to their private consciences.

Robert Samuelson explains
why more inflation isn't the answer to what ails the economy.
Remember: The economy's basic problem is poor confidence spawned by pervasive uncertainties. The Fed shouldn't make the problem worse by embracing policies that, whatever their theoretical attractions, will create more uncertainties in the real world.

Ed Morrissey links to the rather delightful endorsement of Rick Perry from his onetime political rival, Kinky Friedman.

Kevin Williamson explains why the Obama administration is pursuing the exactly wrong policy on having the government jump even deeper into the mortgage refinancing market.

Just keep toting up those broken Obama promises. 29% of firms now say they may drop health insurance plans for their employees. Why shouldn't they do so when Obamacare is out there to pick up the slack? And think of what such a trend will do to the estimated costs of Obamacare.
The gap between the CBO estimates and the employer surveys could end up raising Obamacare's price tag by hundreds of billions a year. For every employee that loses their health insurance at work, the federal government would have to pay thousands in subsidies to help that individual, and often their family, buy insurance on the yet-to-be-created health exchanges. If the percentage of employers that drop their health plans is near 30 percent, Obamacare's price tag would rise by almost $1 trillion.

For all his wishing that the rich were taxed more, Warren Buffett still explains that he'd rather give his own money to charity rather than to the government. Rather a telling choice, isn't it?
I think that on balance the Gates Foundation, my daughter's foundation, my two sons' foundations, will do a better job with lower administrative costs and better selection of beneficiaries than the government.
Why shouldn't other multi-millionaires have that choice rather than following Buffett's prescription of paying the money to the government? And of course, there are those tax write-offs for charitable donations, but I'm sure that is not a consideration.


LarryD said...

H/T to TaxProf:

Warrne Buffet's Taxing Hypocrisy
"But if he[Warren Buffett] were truly sincere, perhaps he might simply try paying the taxes the IRS says his company owes? According to Berkshire Hathaway’s own annual report — see Note 15 on pp. 54-56 — the company has been in a years-long dispute over its federal tax bills.

"According to the report, “We anticipate that we will resolve all adjustments proposed by the IRS for the 2002 through 2004 tax years at the IRS Appeals Division within the next 12 months. The IRS has completed its examination of our consolidated U.S. federal income tax returns for the 2005 and 2006 tax years and the proposed adjustments are currently being reviewed by the IRS Appeals Division process. The IRS is currently auditing our consolidated U.S. federal income tax returns for the 2007 through 2009 tax years.”

"Americans for Limited Government researcher Richard McCarty, who was alerted to the controversy by a federal government lawyer, said, “The company has been short-changing the tax collection agency for much of the past decade. Mr. Buffett’s company has not fully settled its tax bills from 2002-2009. Yet he says he’d happily pay more. Except the IRS has apparently been asking him to pay more going on nine years.”

The taxes he supports will beneficent him financially:
Warren Buffer, Robber Baron?
"Did you know that the life insurance lobby is actively lobbying to restore the estate tax?

"Why would the life insurance industry care about that? It turns out that ten percent of life insurance industry revenue is related to the estate tax. Wealthy people take out life insurance in order to reduce estate taxes because when you die, your life insurance payout doesn't count as part of your estate.

"Did you know that Warren Buffett owns six life insurance companies? Did you know he supports the estate tax? You do now."

mark said...

I'm all for candidates keeping their religion to themselves, especially since most simply make a of Christianity.

When Rick Perry says he wants to abdicate leadership to God, that should concern everyone:

"And I think it's time for us to just hand it over to God and say, "God, You’re going to have to fix this."

And Michelle Bachmann, who tweeted:

Earthquakes don't scare me. Jesus speaks to me through our planet. Sometimes when I walk on the beach, I fantasize about tsunamis of blood.

(When I read this, I assumed it was fake. Apparently not.)
Does anybody here really want a president who fantasizes about End Times?

tfhr said...


Hope you and yours made it through Irene safe and sound.

tfhr said...


How about a link to your sources?

As for your first line - the one that you garbled - please tell us about Reverend Wright's brand of Christianity and why you think Obama sat through that for twenty years?

Here's one that reminds me of you: width=504 height=312 frameborder

(hint: mark is the one in the bunny suit)

Anything is better than talking about Obamanomics, right?

Betsy Newmark said...

Thanks, tfhr - we are just fine. We were lucky enough to just get rain and a few wind gusts in Raleigh.

Mark - that Bachmann quote comes from a satire Twitter site - it's not her real account.!/MicheIBachmann/status/106068010095218689 Note the spelling of the name and then go to the page where it explicitly says it's a satire site.!/MicheIBachmann

When something seems too outrageous to be true, it's worth spending a couple of seconds on google to check it out.

mark said...

Thanks. Shame on me for falling for that. I shouldn't let the true craziness from her and Perry get mixed up with the fake stuff.

tfhr said...


Betsy said,

"When something seems too outrageous to be true, it's worth spending a couple of seconds on google to check it out."

But if you ever did something like that you never would have fallen for the empty platitudes and fantasy that comprise Obama's very core. But you are a Progressive and you can't help yourself but "shame on [you]" for that too.

How about that Warren "tax me more" Buffett guy? Do you think he's playing you for a chump? (He would be right on that, by the way)

mark said...

Actually, the quote is outrageous, but not too outrageous for Bachmann when you consider some of the things she has said. Do some of your own research, but here's something to get you started:

But no worries, your idiocy about OBL being dead based on "a decrease in communiques" is still the winner for absurdity and incompetence.
Not even Bachmann (or Perry) would be that foolish.

Pat Patterson said...

This time I feel sorry for mark for trying to make the religious beliefs of a candidate a litmus test for office. But then I find this quote from Obama just as scary, "I believe in the power of prayer." Or even this quote which implies that he is no longer in charge of what he does, "...felt a beckoning of the spirit and accepted Jesus Christ into his life." Or we can just chalk it up to religious bigotry unless of course that person agrees with the bigot on what consititutes there religious beliefs.

tfhr said...


You're starting to sound like a one string banjo these days - plinking away at faith and those that dare to express it publicly. It's kind of sad that you feel the need to do that instead of engaging in a debate centered on the merits of any particular issue that stands to impact the nation and it's people, most of whom, according to most polls, have a faith and a belief in God.

If you don't believe in God, or you aren't sure of your faith, that's your right. This is a country where you won't be persecuted (or worse) for that but to constantly harp about something as personal as faith, it makes you sound unhinged.

We're used to that from you but engaging in character assassination with this religious angle is a new low for you.