Posts Tagged ‘returns



17
Aug
12

Rise and Shine

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President Obama talks on the phone with NASA’s Curiosity Mars rover team aboard Air Force One during a flight to Offutt Air Force Base in Nebraska, Aug. 13 (Pete Souza)

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OFA

Magnificent.

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Steve Benen: Just this morning, I noted that Mitt Romney publicly gave his word, on camera, that he would “go back and look” to let us know what tax rates he paid over the last decade. The good news is, Romney really did “go back and look,” and elaborated on the findings today.

The bad news is, his answer was horrible:

“…I did go back and look at my taxes and over the past 10 years I never paid less than 13 percent. I think the most recent year is 13.6 or something like that. So I paid taxes every single year. Harry Reid’s charge is totally false. I’m sure waiting for Harry to put up who it was that told him what he says they told him. I don’t believe it for a minute, by the way. But every year I’ve paid at least 13 percent and if you add in addition the amount that goes to charity, why the number gets well above 20 percent.”

Let’s walk through the top five reasons this answer is woefully unacceptable…..

Full post here

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David Simon: Can we stand back and pause a short minute to take in the spectacle of a man who wants to be President of The United States, who wants us to seriously regard him as a paragon of the American civic ideal, declaiming proudly and in public that he has paid his taxes at a third of the rate normally associated with gentlemen of his economic benefit.

Stunning.

Am I supposed to congratulate this man? Thank him for his good citizenship? Compliment him for being clever enough to arm himself with enough tax lawyers so that he could legally minimize his obligations?

Thirteen percent. The last time I paid taxes at that rate, I believe I might still have been in college. If not, it was my first couple years as a newspaper reporter.  Since then, the paychecks have been just fine, thanks, and I don’t see any reason not to pay at the rate appropriate to my earnings, given that I’m writing the check to the same government that provided the economic environment that allowed for such incomes.

I can’t get over the absurdity of this moment, honestly: Hey, I never paid less than thirteen percent. I swear. And no, you can’t examine my tax returns in any more detail. But I promise you all, my fellow American citizens, I never once slipped to single digits. I’m just not that kind of guy.

God.

This republic is just about over, isn’t it?

DavidSimon.com / Mediaite

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ABC: After repeated denials, Paul Ryan has admitted he requested stimulus cash even after sharply criticizing the program.

Ryan had denied doing so as recently as Wednesday, when he spoke to ABC’s Cincinnati affiliate, WCPO, in Ohio.

“I never asked for stimulus,” Mitt Romney’s new running mate said. “I don’t recall… so I really can’t comment on it. I opposed the stimulus because it doesn’t work, it didn’t work.”

Two years ago, during an interview on WBZ’s NewsRadio he was asked by a caller if he “accepted any money” into his district. Ryan said he did not.

…. But as we’ve now learned, Ryan did write letters. He did request stimulus funds.

More here

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Cagle

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Charles Pierce: The president is angry. The president is an angry man. The president is black. The president is an angry black man …. That is the four-point plan on “the economy” on which Willard Romney apparently intends to run for president for a while…..

“If you look at the ads that have been described and the divisiveness based on income, age, ethnicity and so-forth, it’s designed to bring a sense of enmity and jealousy and anger and this is not in my view what the American people want to see,” Romney said.

Ethnicity? And so forth…. If he blows that dog-whistle any louder, Seamus may return from that great roof-rack in the sky.

This should surprise absolutely nobody, because, if there’s one thing candidate Romney has demonstrated, it is that he really is quite a remarkable liar…. Asking a Republican presidential candidate to abandon race-baiting entirely is to ask for an awful lot of 13-second Republican stump speeches. Asking Willard Romney to do it is to assume that there is muck so foul that he will not immerse himself in it to be president….

…. There was nothing Romney wouldn’t do in business to make a buck. Why should we be surprised that he campaigns the same way? ….

…. Since you can count on Rafalca’s hooves the number of times in his life that Willard Romney has been in a fair fight, it’s no great shock to discover that, since he can’t fight hard, he’ll fight dirty, because winning is not something you earn. Winning is something you inherit…..

Full post here

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Cagle

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LA Times

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McClatchy: …. Paul Ryan will leave sizable footprints on the 2012 presidential race. His controversial plan to overhaul the federal budget has been the chief talking point of the campaign since Mitt Romney put him on the GOP ticket last weekend.

…. According to a report by the nonpartisan Congressional Budget Office, “[Medicaid] Cutbacks might involve reduced eligibility … coverage of fewer services, lower payments to providers, or increased cost-sharing by beneficiaries – all of which would reduce access to care.”

Those cuts and the Ryan plan’s calls to repeal the Affordable Care Act would add tens of millions of low-income Americans to the ranks of the uninsured. It also would raise taxpayers’ bill for emergency room indigent care and cause an increase in private insurance rates.

…. Ryan’s plans for Medicare have caused a stir … In order to slow spending in the national health plan for seniors, Ryan would replace Medicare’s guarantee of coverage for new beneficiaries in 2023 with a flat payment to seniors known as a “voucher” or “premium support” ….

Ryan’s planned tax cuts favor the affluent. Those who earn more than $1 million annually would see an average tax cut of $265,000 and a 12.5 percent increase in after-tax income  … But at the lower end of the scale, people earning between $20,000 and $30,000 would get no tax cut …

…. All told, the Tax Policy Center said, Ryan’s tax plans would increase the deficit by $4.6 trillion over the next 10 years. His call to extend the Bush-era tax cuts for high-earning Americans would boost the deficit by an additional $5.4 trillion.

Full article here

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Cagle

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NYT Editorial: Three days after Paul Ryan became the presumptive Republican vice presidential candidate, he made a pilgrimage on Tuesday to the Las Vegas gambling palace of Sheldon Adelson, the casino tycoon who is spending more than any other donor to try to send Mr. Ryan and Mitt Romney to the White House. No reporters were allowed, perhaps because the campaign didn’t want them asking uncomfortable questions about the multiple federal investigations into the company behind Mr. Adelson’s wealth.

Those questions, though, aren’t going away, and neither are the ones about the judgment of Mr. Romney and Mr. Ryan in drawing ever closer to a man whose business background should lead them to back away — fast. By not repudiating Mr. Adelson’s vow to spend as much as $100 million on their behalf, the two candidates seem more eager to keep the “super PAC” dollars flowing than to preserve the integrity of their campaign.

The issues swirling about Mr. Adelson’s business practices are not new and can hardly come as a surprise to the Romney campaign…. A careful presidential campaign would put distance between itself and a businessman like Mr. Adelson … By allowing Mr. Adelson to have such an outsize role in their race, the candidates themselves are placing a very risky bet.

Full editorial here

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Cagle

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NYT: As Mitt Romney and Paul Ryan fanned out across the country this week, glad-handing voters and donors, a smaller but no less important gathering was taking place on Capitol Hill: Mr. Romney’s transition team met on Tuesday with more than a dozen loyalists from the private and public sectors in space borrowed from a law office.

Mr. Romney’s transition team …. offers a glimpse of what might be Mr. Romney’s approach to governing, functioning much like his old private equity firm, Bain Capital. The team is assessing the government and looking for ways to make it more efficient and streamlined…..

More here

The rest of the article didn’t interest me too much –  a transition team for something that will never happen :roll: – it was just this line:

“The team also offers a glimpse of what might be Mr. Romney’s approach to governing, functioning much like his old private equity firm, Bain Capital…..”

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Davenport, Iowa, August 15 (Scout Tufankjian for OFA)

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Morning everyone ;-)

14
Aug
12

Rise and Shine

Cagle

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10:15: VP Biden delivers remarks at the Institute for Advanced Learning and Research in Danville, Va.

12:25: President Obama delivers remarks at the Nelson Pioneer Farm & Museum in Oskaloosa, Iowa

4:30: VP Biden delivers remarks at Spiller Elementary School, Wytheville, Va.

5:00: President Obama delivers remarks at B.R. Miller Middle School in Marshalltown, Iowa

8:45: President Obama delivers remarks at the Waterloo Center for the Arts in Waterloo, Iowa

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Cagle

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Lots more photos from Iowa yesterday here – thanks Dotster!

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Morning everyone ;-)

09
Aug
12

Rise and Shine

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12:45: President Obama delivers remarks at a campaign event at the Colorado State Fairgrounds (CNN/CBS live streaming)

2:50: Departs Pueblo

3:20: Arrives in Colorado Springs

4:45: Delivers remarks at a campaign event (CNN/CBS live streaming)

6:25: Departs Colorado Springs

9:45: Arrives at the White House

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SacBee: The nation’s first lady is hitting the campaign trail in eastern Pennsylvania. Michelle Obama will stump for the president’s re-election on Thursday in the Philadelphia and Lehigh Valley areas.

She’ll first hold a rally in west Philadelphia at the University of the Sciences’ athletic center. She will then travel to suburban Fort Washington, where she’ll greet supporters at Upper Dublin High School, and end her trip with remarks at Moravian College in Bethlehem.

2:0 The First Lady delivers remarks at the Bobby Morgan Arena at the campus of the University of Sciences, Philadelphia

4:0 Delivers remarks at Upper Dublin High School in Fort Washington

7:10: Delivers remarks at Moravian College in Bethlehem

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NYT Editorial:  Mitt Romney’s campaign has hit new depths of truth-twisting with its accusation that President Obama plans to “gut welfare reform” by ending federal work requirements. The claim is blatantly false, but it says a great deal about Mr. Romney’s increasingly desperate desire to define the president as something he is not.

…. this is what happens when a flailing campaign searches for a wedge issue to gain popularity among blue-collar voters. Mr. Romney’s empty promises to magically turn around the economy are losing effectiveness, so why not vilify welfare recipients and portray the president as coddling them?

That approach was favored by an earlier generation of Republican operatives, and it helped divide the country into warring political classes. Mr. Romney, no less cynical, seems bent on repeating the past.

Full editorial here

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OFA

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E.J. Dionne Jr: …. Political commentary these days is obsessed with the triviality of this campaign. Most of it is rooted in the refusal of conservatives to be candid about the implications of how their beliefs and commitments would affect the choices they would have government make — and how they differ from the president’s.

In Romney’s case, this often requires him to invent an Obama who exists only in the imagination of his ad makers. So they take Obama’s statements, clip out relevant sentences and run ads attacking some strung-together words that have a limited connection to what the president said. In the welfare ad, Romney lies outright.

But this is part of a larger pattern on the right, illustrated most tellingly by conservative rhetoric around the Affordable Care Act. In going after Obamacare, conservatives almost never talk about the specific provisions of the law. They try to drown it in anti-government rhetoric….

….Here’s your chance, conservatives. Big, bad government is forcing those nice insurance companies to give people a break. From what you say, you see this as socialism …. You cannot possibly keep this money. So stand up for those oppressed insurers and give them their rebates back!

…. I’d also be curious to know whether Romney got a rebate on his health insurance premiums courtesy of Obamacare and whether he plans to return it. But given his attitude toward disclosure, we’ll probably never find out.

Full article here

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McClatchy

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Cagle

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Needless to say I’m not going to post it, but I just happened to see a listing for a Young Turks/Cenk Uygur video on YouTube posted two days ago, with the title ‘What If Trayvon Had Died In A Drone Strike?’ Yep, that’s the level to which the fraud has descended in his increasingly desperate campaign against the President. Uygur? **** off, you right wing piece of crap.

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Morning everyone ;-)

07
Aug
12

Rise and Shine

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Tuesday: The President will attend meetings at the White House and two campaign events at the W Hotel in Washington DC.

Wednesday: Will travel to Denver and Grand Junction, Colorado for campaign events.

Thursday: Will travel to Pueblo and Colorado Springs, Colorado for campaign events.

Friday: Will attend meetings at the White House.

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Eugene Robinson: Mitt Romney’s defiant secrecy about his personal finances looks like a cross Republicans will have to bear all the way to Election Day. To put it mildly, the burden seems to chafe.

Apoplexy is not the tone politicians generally seek to project. Yet there was GOP chief Reince Priebus on ABC’s “This Week,” calling Senate Majority Leader Harry Reid a “dirty liar” for his claim about how little Romney may have paid in taxes….

It was a coordinated Sunday morning display of righteous indignation …. But in making such a show of denouncing Dirty Harry’s foul calumny, all Republicans succeeded in doing was draw attention to Romney’s stubborn refusal to release more than a year’s worth of tax returns ….

Reid was a boxer in his youth, and what he did to Romney was the equivalent of a head butt. ….If he is being as cynical and mendacious as Republicans charge, Romney could demolish the majority leader’s credibility — and put the whole issue to rest — with a single phone call instructing his accountant to release the returns….

…. The fact that he won’t — even when continued secrecy clearly hurts the campaign, if only by diverting attention from other issues Romney would rather be talking about — clearly means there’s something embarrassing, inappropriate or just plain ugly in there.

You don’t need a secret source to tell you that. Common sense will do.

Full article here

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David Firestone (NYT): For the last four years, Republican lawmakers around the country have diligently tried to eliminate early-voting periods, which give people a chance to vote at their convenience. The reason is simple: early voting was wildly popular in 2008 – comprising a third of the vote – and many of the people who took advantage of it voted for Barack Obama.

More than half of Florida’s early voters in 2008 were Democrats, and many black voters went right from their church pews to the ballot box on the Sunday before Election Day. That’s why the state’s Republicans severely restricted the practice last year, and specifically banned voting on that final Sunday. Similar restrictions were also passed in Georgia, Tennessee, West Virginia, and Ohio, part of a movement to restrict voting that includes tough voter ID requirements.

Now, the Obama campaign’s attempt to fight the measure in Ohio has led to one of the lower moments of this year’s presidential campaign. The state legislature cut back on the early voting period, and banned it in the three days prior to Election Day. (Even though 93,000 Ohioans voted in those three days in 2008.) An exception, however, was made for military personnel, who tend to lean Republican.

The Obama campaign and the Ohio Democratic Party filed a lawsuit last month in federal court, saying the practice violated the equal protection clause of the 14th Amendment. The lawsuit asked the court to restore to everyone the right to vote in the last three days.

Then, in an extraordinary lie, Mr. Romney issued a statement Saturday turning the lawsuit around to accuse Democrats of trying to end early voting for the military….The lawsuit does nothing of the kind…..

Full post here

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Morning everyone

05
Aug
12

Willard’s Taxing Problem….

03
Aug
12

Rise and Shine

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11:45: President Obama delivers remarks on the need for Congress to act to ensure that taxes don’t go up on 98 percent of Americans at the beginning of next year

2:30: VP Biden travels to Los Angeles, Calif., to attend a campaign event

2:35: Michelle Obama delivers remarks at a campaign fundraising event in Springfield, Mass.

5:00: Michelle Obama delivers remarks at a campaign fundraising event in Pittsfield, Mass.

6:45: Michelle Obama attends a campaign fundraising dinner in Richmond, Mass.

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Link

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Cagle

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Glenn Kessler (Washington Post): … This ad is tough, but we cannot fault the accuracy of its key points. To some extent, the Romney campaign has been hoist with its own petard by refusing to provide sufficient detail that shows how the numbers add up in Romney’s tax and budget plans. So we are left with the judgment of a respected and independent third party.

We hold campaign ads to a high standard, particularly attack ads. If Romney releases the missing details, and a new analysis finds that Romney can meet the stated goals of his tax plan, then we can certainly revisit this analysis. But, until then, for the first time in this frequently nasty campaign, we award a rare Geppetto Checkmark for a campaign ad.

Full article here

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Morning everyone ;-)

26
Jul
12

Rise and Shine

President Barack Obama steps off Marine One on the South Lawn of the White House on July 25

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Alex MacGillis (The New Republic): …. cynicism has regained the upper hand this week, in a big way, with the Republicans’ out-of-context trumpeting of a single, infelicitous line from Obama’s recent riff, echoing Elizabeth Warren, about the need for public investment to sustain economic growth….

…. There is actually a pretty good argument to be had over this riff — an argument that gets to the heart of what the 2012 election is about …. But Republicans aren’t engaging in that argument. Instead, they have plucked out the single line — “If you’ve got a business, you didn’t build that” — which makes it sound like Obama’s ”that” refers to the business, not to the roads and bridges of the previous line…..

How has the press covered this? ….. Even Andrew Sullivan, this morning, essentially shrugged at the gambit, faulting Obama for having stumbled into the confused wording in the first place to produce his “biggest blunder yet”….

….. I’m genuinely perplexed that people who work with words for a living can be so blithe about the deliberate misuse of words to mislead. What are we in this business for if not to hold the people we cover to basic standards of context, rather than just scoring the marks left by the mistruths?

Full article here

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Charles P. Pierce: Senator McDreamy believes he’s found an acorn:

Sen. Scott Brown said Wednesday that President Barack Obama made his “you didn’t build that” comments after getting “bad advice from professor [Elizabeth] Warren.” “They’re almost verbatim,” Brown said on “Fox and Friends,” referring to a speech Warren gave last year. “And the president got bad advice from professor Warren, certainly. You’ll never hear me demonizing our job creators.”

…..  no, McDreamy, saying that the Romney campaign is lying their ass off about what he said is not the president “stepping back and correcting the record” — and undeniably true. For example, here in the Commonwealth (God save it!) we are blessed with a junior senator who benefitted early in life from the welfare benefits provided by other taxpayers that his family collected after his parents split, who attended a public high school financed by other taxpayers in Wakefield, who trained in the publicly financed Massachusetts National Guard, and who has been on the public payroll in one way or another since 1992.

You’re welcome, senator. Think nothing of it.

Full post here

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Ah, Willard is charming the British!

The UK Telegraph (right wing rag): Mitt Romney has questioned Britain’s preparedness to host the London 2012 Olympics and asked whether the country is genuinely willing to “celebrate” the Games.

….he told US television there were “disconcerting” signs about Britain’s readiness …. Romney questioned the enthusiasm of the British public. “Do they come together and celebrate the Olympic moment?” he asked. “That’s something which we only find out once the Games actually begin.”

…. The comments on the Olympics came after Mr Romney’s advisers told The Daily Telegraph that he would restore “Anglo-Saxon” understanding to the special relationship between the US and Britain…

…. However, Mr Romney will receive a lukewarm reception in London. He held brief talks with Ed Miliband, the Labour leader. In a gaffe of his own, Mr Romney referred to Mr Miliband as “Mr Leader”…..

…. Later on Thursday, Mr Romney is planning to hold a fundraiser at the Mandarin Oriental hotel in Knightsbridge. One of the hosts of the fundraiser, former Barclays CEO Bob Diamond, withdrew from the event after he resigned in the wake of the Libor scandal.

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Tony Blair very excited to meet Willard in London

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The UK Telegraph: Barclays told to stop fundraising for Mitt Romney

Barclays has been accused of fundraising for political candidates instead of working to rebuild the public’s trust in banks following the Libor-setting scandal.

Executives at Barclays have reportedly donated more than $1m (£645,000) to to US Republican presidential candidate Mitt Romney’s election campaign.

They are set to hand over more this evening at fundraising dinner in a secret Mayfair location, where tickets cost between $50,000 and $75,000, according to the Guardian.

An early-day motion (EDM) signed by 11 MPs last week demanded the bank and its directors stop working to bolster Mr Romney’s election campaign and concentrate on repairing confidence in the banking system.

More here

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Morning everyone ;-)

25
Jul
12

‘Parents for Obama’

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Thanks amk ;-)

18
Jul
12

This and That

President Obama and First Lady Michelle Obama look out at the Chicago skyline, June 15

President Obama and Vice President Biden talk with Zachary Atala, son of Dr. Anthony Atala, M.D., Director, Wake Forest Institute for Regenerative Medicine, in the Eisenhower Executive Office Building of the White House, June 5

First Lady Michelle Obama waits to greet President Barack Obama upon his arrival at John F. Kennedy International Airport in New York, N.Y., June 14

President Obama and First Lady Michelle Obama present a birthday cake to Assistant Usher Reggie Dickson outside the Usher’s Office of the White House, following a Presidential Medal of Freedom ceremony and dinner honoring President Shimon Peres of Israel, June 13

President Obama with Bo in the Oval Office, June 21

Brian Mosteller, Director of Oval Office Operations, sits with Bo in the Outer Oval Office, June 20 :cool:

A young boy salutes President Obama as he greets audience members following his remarks at the NALEO Conference in Orlando, Fla., June 22

President Obama talks to a group of kids from Lenora Academy in Snellville, Ga., during a stop at the Varsity, a restaurant in Atlanta, Ga., June 26

President Obama talks to kids during a stop at the Boys and Girls Clubs of Cleveland on Broadway Avenue in Cleveland, Ohio, June 14

President Obama talks on the phone with Prime Minister Mario Monti of Italy aboard Air Force One, June 6

 All photos by Pete Souza – more here

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President Obama greets 11-year-old Haley Klepper during a ceremony honoring the 2012 NCAA Women’s College Basketball Champion Baylor Bears in the East Room of the White House. The team’s so-called biggest fan, Klepper, who suffers from a rare Mitochondrial disease, attends all the games and has a reserved spot in the locker room

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Thursday

10:45: President Obama departs the White House en route Joint Base Andrews

12:45: Arrives in Jacksonville, Florida

1:15: Delivers remarks at a campaign event

3:05: Attends a campaign event at Prime Osborn Convention Center

4:35: Departs Jacksonville en route West Palm Beach

5:35: Arrives at West Palm Beach

6:20: Delivers remarks at a campaign event

7:35: Attends a campaign event at Century Plaza

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A crowd of residents wait to get tickets for Friday’s visit by Michelle Obama in Fredericksburg, Va.

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Cagle

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Hey everyone, I’m waaaaaaaaaay behind on the news today, will try to catch up tomorrow.




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