Monthly Archives: October 2016

2016 Election, Media, Politics

Obama Busted

After FBI Director James Comey’s recitation of the many crimes, as specified in the Espionage Act,  Sec. of State Hillary Clinton committed, then declared that there would be no prosecution, many Americans were left scratching their heads for a moment. Then, it was clear that the fix was in. Now we know why.

To go ahead with charges against Hillary, the President himself would have to be brought into it because he too violated the same statute.

How do we know this? We can thank WikiLeaks for exposing the evidence. And as usual, the Obama administration is calling out Russia for trying to influence our election process. The Russians are not amused that the administration is making them their scapegoat. Another example of Obama’s recklessness in foreign relations, he’s playing Russian Roulette with the wrong people.

The mainstream media and the administration are indistinguishable today, which is why they publicize Obama’s accusations and ignore the content of the emails and the fact that many (33,000?) were from him under an alias, dating back to the beginning of his administration.

podesta_mills_potus

 

Regardless if Russia had anything to do with it (Maybe I did it, yeah, I did it. I hacked her server and sent it to WikiLeaks, Russia, China, Iran, and N. Korea, just to be safe.), bringing about transparency from the most corrupt administration in my lifetime is not an assault on our democracy, as Hillary claims. It’s about keeping elected officials honest when dealing with policies and the American people. She, her party, and the Obama administration is the assault on democracy and our system of justice. And must be stopped November 8, 2016.

2016 Election, Economy, Media, Politics

September Jobs Picture, Sad

According to the Bureau of Labor Statistics, the September Employment Situation looks like this.

All you will hear about it from Secretary Clinton and President Obama, and their spokespeople in the media, is three blurbs . . .

  • Unemployment rate 5.0,
  • 156,000 jobs created,
  • and nn of consecutive months of job growth.

Not sure how many number of consecutive months it has been, but it doesn’t matter, because it amounts to a net job loss.

To put the numbers you hear and see from the administration into perspective, realize that a monthly job creation of 250,000 is considered to be a break-even number when retirements, deaths, and population growth (births, immigration) are factored.

For September 2016, 156,000 jobs were created. Far short of break-even. Aside from that, and even worse, 284,000 jobs were lost in September. Of the 156,000 jobs created, 30,000 of them were in the foodservice industry.

Compared to last year, 1.8 million people were not counted. Of that group, 553,000 of those were in September 2016. Any thinking person might wonder how the employment rate can be 5% (Table A) when there are more people not working? Fair question. But the media never worries about that. The way the BLS arrives at that low percent is because they don’t count the millions of people who haven’t been working so long that their unemployment benefits have run out. They didn’t die. They’re still unemployed. If they were included, the REAL unemployment rate is 9.7 %. It’s called the U-6, (Table A-15).

When you dig deeper into the statistics, you come across a “MULTIPLE JOBHOLDERS” category, (Table A-16). These are people who have a second (or more) jobs because they have to and are able to, just to support themselves and their family. That number increased by 549,000 for Sept 2016 over LY. The dirty little secret about the multiple jobholders stat is, the second or third job that they get is counted as a “job created.” It’s still one person. Keep that in mind when you hear Barack or Hillary tout the number of jobs created. Makes me wince at their dishonesty when I hear them.

The Labor Participation Rate remains at 62.9%. That is the level it was under the Great Malaise administration of Jimmy Carter.

This is Obamanomics. We are living the consequences of Obamanomics. It’s more like, Trickle Up Poverty.

If you think it’s time for a different approach to job creation, one that will actually create more high-paying jobs, your choice in November can only be Donald Trump.

Link: Employment Situation Summary

 

2016 Election, IRS, Media, Politics

Not The News Today

What’s not in the news today, but should be? What we are witnessing here is a Democrat/Media attack on Trump like they did to Mitt Romney four years ago. Harry Reid alleged that Romney didn’t pay is taxes (when he did), and his dog on vacation fiasco.  That was front page, above the fold for weeks. Nothing illegal, like Trump, but an attempt to take down the candidate and dispirit his supporters from voting. In the latter, it’s not just to attack Trump, this includes half of America along with him. The “irredeemable deplorables.”

Let’s begin with the illegal publication of Donald Trump’s tax return. No one is accusing Trump of anything illegal. Trump followed the tax law by writing off a business loss.

  • You can’t find a word about the illegality of the IRS, or whoever else, for leaking the information.
  • You can’t find a word about the New York Times breaking the law by publishing it.
  • And, you won’t hear a peep from Obama’s Justice Department to be the least bit curious in enforcing equal protection under the law. To the contrary, his record consists of using the IRS as a weapon against political opponents.
  • You won’t find one article examining how Hillary Clinton made $22 million by giving speeches to donors on Wall Street, for speeches she won’t release the transcripts of.

Trump had a business loss in his Atlantic City casinos in 1995. That’s when the casino industry in Atlantic City started taking a dive. From which it has never fully recovered. Consequently, his corporation lost $916 million. Hillary Clinton uses that to denigrate Trump’s business acumen. She hasn’t a clue. Trump is among a small league of  business leaders who can take a $916 million loss as a bump in the road.

Current tax law allows you to carryover a large loss over however many years the size of the loss dictates. Trump lost $916 million of his own money. Only so much per year is allowed to be written off. In this case, it took 18 years.

So what has Hillary Clinton lost?

  • Four Americans including an Ambassador.
  • 33,000 incriminating e-mails
  • Broken laws on national security
  • Destroyed evidence under subpoena
  • $6 Billion of taxpayers’ money while Secretary of State

If a carryover write-off would be available for that, Hillary Clinton wouldn’t have to pay taxes for five generations.

Bottom line, know what you’re seeing and don’t let it work on you. Staying home this election is not an option.

2016 Election, Economy, Fair Tax, IRS, Media, Politics

The Campaign Tax Discussion

What an opportune time to talk about tax reform, thanks to the ft-how-federal-income-taxes-were-distributed-in-2014_04282015-lgClinton campaign and their publicist, the New York Times. Accusing Trump for not paying “his fair share.” To chastise Trump for having to hire a team of accountants and lawyers just to file his taxes, shows what an abortion of tax code Americans are saddled with. For example . .

  • The top 1 percent of earners (incomes in excess of $615,000) are paying nearly half — 45.7 percent — of individual income taxes for tax year 2014.
  • The top 20 percent, with incomes above $134,300, pay nearly 84 percent of all federal income taxes for tax year 2014.
  • The growing complexity of the U.S. tax code has led to large compliance costs for households and businesses.
  • Americans will spend more than 8.9 billion hours complying with IRS tax filing requirements in 2016.
  • Put in dollar terms, the 8.9 billion hours needed to comply with the tax code computes to $409 billion each year in lost productivity, or greater than the gross product of 36 states.

That’s not how much taxes were paid. That’s how much it cost us, as a country, just to comply with the tax laws to file our taxes.

Under the FairTax plan, that’s $409 Billion per year that stays in our pocket, FOR FREE. Under the FairTax, you don’t “file” your taxes any more. There’s nothing to file under a consumption-based tax system. And April 15th is just another day.

So Hillary and her lemmings want to paint Trump as a tax cheat when he follows the tax law. Legally spreading a single loss in 1995 of $916 million dollars over 18 years. (Must be nice to have a loss like that to be just a bump in the road.) Unlike Al Sharpton, Trump did not break the tax law. They are great at name-calling on phony accusations.

Well guess what? Come to find out, the New York Times didn’t pay any taxes either, for 2014! And on top of that, got a “tax refund” of $3.5 million (of taxpayer money), even though they had a pre-tax profit of $29.9 million. How do you like the tax code now?

But when it comes to one of their own, like Rev. Al Sharpton, who in fact did not pay his income and payroll taxes, who has tax liens on him for over $3 million, well, he’s a frequent VIP in The White House.  Go figure!

Nowadays, Bill Clinton and Al Sharpton will tell you the hot money seems to be made in Charities and Foundations. They don’t pay taxes, especially when you can donate to yourself. Two different worlds, two different standards.