Posts Tagged ‘Timothy Geithner’

This Is Not Let’s Make A Deal and David Axelrod is Not Monty Hall

August 17, 2012

The White House re-election campaign wants to make a deal.  In exchange for GOP presidential challenger Mitt Romney releasing five years of tax returns, they will stop criticizing him for not releasing more.  While hiding behind the skirt of Senate Majority Leader Harry Reid, the White House campaign alleges there may be as many as ten years when Romney evaded paying income taxes.

Romney says that over the past decade he has paid at least 13 percent in federal income taxes.  According to the Joint Committee on Taxation, a non-partisan group, middle income families average paying 12.8 percent in federal income tax.

http://news.yahoo.com/obama-campaign-offers-romney-5-tax-disclosure-114057169.html

Critics complain that Romney pays too few taxes.  At his income level, Romney pays plenty of taxes.  Romney made every penny he has.  Hence every dime he uses to make investments has already been taxed at wage income rates.  Romney pays a lower tax rate than wage earners because a majority of his income comes from investments, which are taxed at a lower rate than wages.  Investment income is taxed at a lower rate because, unlike wages, investments are at risk.

If Romney was guilty of income tax evasion, the IRS would already be after him and his campaign for the White House would long be over.  The IRS falls within the Department of Treasury.  At the behest of the White House, Treasury Secretary Timothy Geithner and the IRS would be all over Romney like a ravenous pack of hyenas.

Romney has released his 2010 tax records and vowed to release his 2011 returns.  That matches the number of returns released in 2008 by Senator John McCain when he was the GOP candidate.  The number of tax returns released by McCain was never an issue.

This is not Let’s Make A Deal, and David Axelrod is not Monty Hall.  For Mitt Romney only a booby prize or worse waits behind curtain number three.

This bait and switch by the White House and their “progressive” co-conspirators is more than simply a distraction from the issues.

Throughout a shadowy, veiled, mystery shrouded political career where his own past has been intentionally concealed, obtaining confidential information about political opponents and distorting that information to smear them has been the signature move of this candidate.

Remember, the current Oval Office occupier is the same clandestine, shadowy figure caught in an open-mic moment with then Russian president Dmitry Medvedev saying that after his re-election he would have “more flexibility”.

Flexibility for…?

Three members of a Russian punk band were found guilty and sentenced to two years in jail for protesting against Russian president Vladamir Putin.   The band members were arrested on March 3rd and charged with “hooliganism”.  Nadezhda Tolokonnikova, 22, Maria Alyokhina, 24, and Yekaterina Samutsevich, 30 have been in jail ever since.

http://news.yahoo.com/blogs/lookout/russian-punk-band-verdict-found-guilty-hooliganism-115937812.html

What kind of flexibility is this secretive, anti-business, hostile to constitutionally protected individual Liberty White House promising to a Russian president who imprisons people for free speech?

Is this flexibility related to the Department of Homeland Security, the Social Security Administration, the National Oceanic and Atmospheric Administration, the Environmental Protection Agency, the Department of Education, the Department of Health and Human Services, and the Internal Revenue Service each purchasing multi-thousands of rounds of hollow point bullets?

Could this flexibility include plans to tighten the iron grip of power by imposing Martial Law and suspending elections to ensure he can finish the “fundamental transformation” of America through the imposition of a form of government completely foreign to every principle espoused by its Founding Fathers?

By agreeing to release any additional tax returns, Mitt Romney would be making a crucial mistake.  Let the White House re-election campaign go into grand mal seizure.  Let them scream like banshees and howl at the moon.  Let them cry like babies.  Let them wet themselves.  Let them posture, threaten, intimidate and bully.  You can bet your underwater sub-prime mortgage they will do anything, be it lie, cheat and steal to win this election.

To borrow a phrase from another popular television game show: No deal.

White House: Talk About Anything But Our Record

August 7, 2012

Ever since the 2009 GM bailout by “progressive” big government ended the pensions of 20,000 retirees at Delphi auto parts manufacturing, the White House and the Department of Treasury have laid the blame on the steps of the Pension Benefit Guaranty Corporation.

Internal government emails have been obtained that show the U.S. Treasury Department, run by Timothy Geithner, was behind those termininations.  All 20,000 of the pensions seem to have been ended strictly for the reason that those retirees did not belong to labor unions.

http://dailycaller.com/2012/08/07/emails-geithner-treasury-drove-cutoff-of-non-union-delphi-workers-pensions/

Perhaps the National Labor Relations Board was too busy preparing to harass another private sector company planning to hire non-union workers to get involved.

Meanwhile, Attorney General Eric Holder has yet to file any criminal charges against top Wall Street bankers with connections inside the Department of Justice or who had made political donations to the 2008 presidential campaign of the current White House occupant.

Over the years, both the Oval Office and Holder have talked tough, aggressively attacking big fat cat bankers, blaming their reckless speculation for the 2008 financial collapse.  The Government Accountability Institute has found that Holder still has not “filed a single criminal charge against any top executive of an elite financial institution.”

http://dailycaller.com/2012/08/07/report-cronyism-political-donations-likely-behind-obama-holder-failure-to-charge-any-bankers-after-2008-financial-meltdown/

All talk no action.  Sound tough for the union organized OWS crowd, but do nothing to upset potential campaign donors.  The heck with credibility, the “progressive” Party Pravda will run interference for the re-election campaign.

Overseas, Iran has vowed it will not allow Assad to fall in Syria.

“Iran will never allow the resistance axis – of which Syria is an essential pillar – to break,” said Saeed Jalili, Iran’s Supreme National Security Council secretary.  The “axis of resistance” includes Iran, Syria, Hezbollah and Hamas, all of which are anti-Western and openly hostile towards Israel and the United States.

Assad reassured Jalili by saying: “The Syrian people and their government are determined to purge the country of terrorists and to fight the terrorists without respite.”

If Assad is overthrown, Iran will lose influence over Syria and a crucial link to Hezbollah.

http://www.telegraph.co.uk/news/worldnews/middleeast/syria/9459321/Syria-Iran-vows-it-will-not-allow-Assad-to-fall.html

Could it be that Muslim Brotherhood influence over the White House has surreptitiously led to policies that support the creation of a regional Caliphate?  What other way is there to logically explain policies that support rebellions to overthrow some Middle Eastern dictators, but not support rebellions hostile to the Iranian regime or its allies?

With so much baggage for the White House to carry through the campaign, their “Priorities” are to have their “progressive” allies run misleading ads that attempt to tie Mitt Romney to death.

Priorities USA Action, a super PAC supporting the Oval Office is running a new ad that blames Mitt Romney for a family losing health insurance which contributed to a woman dying from cancer.

It apparently makes no difference to the “progressive” super PAC that Romney left Bain Capital years before the GST Steel bankruptcy in 2001.  In addition, the cancer casualty Ranae Soptic died in 2006, long after the GST plant had been closed.

http://www.washingtonpost.com/blogs/the-fix/post/priorities-ad-ties-mitt-romney-to-cancer-death/2012/08/07/d723d8c0-e084-11e1-8fc5-a7dcf1fc161d_blog.html

In another move to distract attention away from the dismal economic performance of the White House, the Oval Office occupier was overheard whispering to a top fundraiser that GOP presidential challenger Mitt Romney wants to name Gen. David Petraeus as his choice for Vice President.

http://drudgereport.com/flashgp.htm

The White House was more than happy to clutter the news cycle by dismissing the Drudge Report.  Anything to keep the pathetic economic record of the White House out of the headlines will suffice.

Press Secretary Jay Carney reminded reporters to “be mindful of your sources” when asked about the Petraeus rumor.  “I can say with absolute confidence, such an assertion has never been uttered by the president.  And again be mindful of your sources” said Carney.

http://washingtonexaminer.com/white-house-disses-drudge-report-be-mindful-of-your-sources/article/2504233

And so it goes for the most open, transparent White House in American history.  They are more than happy to talk about anything but their own record.


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