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U.S. HAS THE HIGHEST CORPORATE RATE IN THE DEVELOPMENT WORLD. AT HIGHER TAXES, LESS PRIVATE CAPITAL FOR INVESTMENT, HIGHER UNEMPLOYMENT, HIGHER MISERY INDEX.
47% de los habitantes de U.S. no pagan Income Tax y muchos además reciben del IRS un bono del gobierno arriba de recibir food stamps y servicios medicos gratuitos, incluyendo millones que están ilegalmente en el país.
WHY 47% RECEIVE MULTIPLE BENEFITS BUT DO NOT PAY THEIR FAIR SHARE OF TAXES
CITA DE MARCO TULIO CICERON
"El presupuesto debe equilibrarse, el Tesoro debe ser reaprovisionado, la deuda pública debe ser disminuida, la arrogancia de los funcionarios públicos debe ser moderada y controlada, y la ayuda a otros países debe eliminarse para que Roma no vaya a la bancarrota. La gente debe aprender nuevamente a trabajar, en lugar de vivir a costa del Estado."
Año 55 Antes de Cristo
CUNDE EL PANICO EN LA FILAS DEMOCRATAS!!!
NEGROS NUBARRONES SE CIERNEN SOBRE LA CAMPAÑA DE OBAMA
PRIMARIAS DEMOCRATAS AUGURAN A OBAMA UNA DERROTA MONUMENTAL:
WEST VIRGINIA: 41% DE LOS VOTANTES DEMOCRATAS REPUDIARON A OBAMA PREFIRIENDO VOTAR POR UN DELINCUENTE PRESO EN TEXAS.
ARKANSAS: 41% VOTAN EN CONTRA DE OBAMA Y A FAVOR DE UN DESCONOCIDO QUE SOLO CONTABA EN SU CAMPAÑA CON $500 MIENTRAS OBAMA GASTABA MILLONES DESINFORMANDO AL PUEBLO.
KENTUCKY: 42% DE LOS DEMOCRATAS VOTARON "NO COMPROMETIDOS A VOTAR POR OBAMA", EN LO QUE CONSTITUYE UN CONTUNDENTE REPUDIO A SU REGIMEN CORRUPTO, Y POR LO VISTO ES UN REFLEJO DEL RECHAZO AL MARXISMO DE OBAMA A NIVEL NACIONAL POR LOS PROPIOS DEMOCRATAS!!!
Despite a growing backlash from his fellow Democrats, President Obama has doubled down on his attacks on Mitt Romney’s tenure at Bain Capital. But the strategy could backfire in ways Obama did not anticipate. After all, if Romney’s record in private equity is fair game, then so is Obama’s record in public equity — and that record is not pretty.
Since taking office, Obama has invested billions of taxpayer dollars in private businesses, including as part of his stimulus spending bill. Many of those investments have turned out to be unmitigated disasters — leaving in their wake bankruptcies, layoffs, criminal investigations and taxpayers on the hook for billions. Consider just a few examples of Obama’s public equity failures:
● Raser Technologies. In 2010, the Obama administration gave Raser a $33 million taxpayer-funded grant to build a power plant in Beaver Creek, Utah. According to WSJ, after burning through our tax dollars, the company filed for bankruptcy protection in 2012. The plant now has fewer than 10 employees, and Raser owes $1.5 million in back taxes.
● ECOtality. The Obama administration gave ECOtality $126.2 million in taxpayer money in 2009 for, among other things, the installation of 14,000 electric car chargers in five states. Obama even hosted the company’s president, Don Karner, in the first lady's box during the 2010 State of the Union address as an example of a stimulus success story. According to ECOtality’s own SEC filings, the company has since incurred more than $45 million in losses and has told the federal government, “We may not achieve or sustain profitability on a quarterly or annual basis in the future.”
Worse, according to CBS News the company is “under investigation for insider trading,” and Karner has been subpoenaed “for any and all documentation surrounding the public announcement of the first Department of Energy grant to the company.”
● Nevada Geothermal Power (NGP). The Obama administration gave NGP a $98.s5 million taxpayer loan guarantee in 2010. NYT reported last October that the company is in “financial turmoil” and that “[a]fter a series of technical missteps that are draining Nevada Geothermal’s cash reserves, its own auditor concluded in a filing released last week that there was ‘significant doubt about the company’s ability to continue as a going concern.’ ”
● First Solar. The Obama administration provided First Solar with more than$3 billion in loan guarantees for power plants in Arizona and California. According to a Bloomberg Businessweek report last week, the company “fell to a record low in Nasdaq Stock Market trading May 4 after reporting $401 million in restructuring costs tied to firing 30 percent of its workforce.”
PART 2
● Abound Solar, Inc. The Obama administration gave Abound Solar a $400 million loan guarantee to build photovoltaic panel factories. According to Forbes, in February the company halted production and laid off 180 employees.
● Beacon Power. The Obama administration gave Beacon — a green-energy storage company — a $43 million loan guarantee. According to CBS News, at the time of the loan, “Standard and Poor’s had confidentially given the project a dismal outlook of ‘CCC-plus.’ ” In the fall of 2011, Beacon received a delisting notice from Nasdaq and filed for bankruptcy.
This is just the tip of the iceberg. A company called SunPower got a $1.2 billion loan guarantee from the Obama administration, and as of January, the company owed more than it was worth. Brightsource got a $1.6 billion loan guarantee and posted a string of net losses totaling $177 million. And, of course, let’s not forget Solyndra — the solar panel manufacturer that received $535 million in taxpayer-funded loan guarantees and went bankrupt, leaving taxpayers on the hook.
Amazingly, Obama has declared that all the projects received funding “based solely on their merits.” But as Hoover Institution scholar Peter Schweizer reported in his book, “Throw Them All Out,” fully 71 percent of the Obama Energy Department’s grants and loans went to “individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party.” Collectively, these Obama cronies raised $457,834 for his campaign, and they were in turn approved for grants or loans of nearly $11.35 billion. Obama said this week it’s not the president’s job “to make a lot of money for investors.” Well, he sure seems to have made a lot of (taxpayer) money for investors in his political machine.
All that cronyism and corruption is catching up with the administration. According to Politico, “The Energy Department’s inspector general has launched more than 100 criminal investigations” related to the department’s green-energy programs.
Now the man who made Solyndra a household name says Mitt Romney’s record at Bain Capital “is what this campaign is going to be about.” Good luck with that, Mr. President. If Obama wants to attack Romney’s alleged private equity failures as chief executive of Bain, he’d better be ready to defend his own massive public equity failures as chief executive of the United States.
Gingrich's Defense of Bain Capital Far Superior to Anything You Ever Hear Coming from Romney
May 28, 2012 | Reaganite Republican
CON 100 MILLONES DE DESEMPLEADOS (57% ENTRE LOS JOVENES DE D.C.) GRACIAS A OBAMA, EN LAS PRIMARIAS DEMOCRATAS MAS DEL 40% EN WEST VIRGINIA, KANSAS Y KENCTUKY REPUDIARON OBAMA LLEGANDO A PREFERIR VOTAR HASTA POR UN DELINCUENTE PRESO EN TEXAS
The Lowlights Of Obamanomics
The Obama Record
IBD Editorial 6/3/2012
The Obama Record: May’s weak jobs report further confirms the president’s policies are failing to help the economy. This is, indeed, the worst recovery since the Depression.
Negative superlatives associated with this presidency keep piling up. The toll so far:
• The share of Americans who’ve been out of work a long time — now at 42% of the unemployed — is the highest since the Great Depression (source: Labor Department).
• The proportion of the civilian working-age population actually working, at 58%, is the smallest since the Carter era (Labor Department).
• Growth in nonfarm payroll jobs since the recovery began in June 2009 is the slowest of any comparable recovery since World War II (Hoover Institution).
• The rate of new business startups — the engine of job growth — has plunged to an all-time low of 7.87% of all businesses (Census Bureau).
• 3 in 10 young adults can’t find jobs and live with their parents, highest since the 1950s (Pew Research).
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• 54% of bachelor’s degree-holders under the age of 25 are jobless or underemployed, the highest share in decades (Northeastern University).
• Black teen unemployment, now at 37%, is near Depression-era highs (Labor Department).
• Almost 1 in 6 Americans are now poor — the highest ratio in 30 years — and the total number of poor, at 49.1 million, is the largest on record (Census).
• The share of Hispanics in poverty has topped that of blacks for the first time, 28.2% to 25.4% (Census).
• The number of Americans on food stamps — 45 million recipients, or 1 in 7 residents — also is the highest on record (Congressional Budget Office).
• Total government dependency — defined as the share of Americans receiving one or more federal benefit payments — is now at 47%, highest ever (Hoover).
• The share of Americans paying no income tax, at 49.5%, is the highest ever (Heritage Foundation, IRS).
• The national homeownership rate, now at 65.4%, is the lowest in 15 years (Census).
•The 30-point gap between black and white Americans who own their own homes is the widest in two decades and one of the widest on record (Census).
• Federal spending, now at 23.4% of GDP, is the highest since WWII (CBO).
• Excluding defense and interest payments, spending is the highest in American history, at 17.6% of the economy (First Trust Economics).
• The federal debt, at 69% of GDP, is the highest since just after WWII (CBO).
• The U.S. budget deficit, now at 9.5% of the economy, is the highest since WWII (CBO).
• U.S. Treasury debt has been downgraded for the first time in history, meaning the U.S. government no longer ranks among risk-free borrowers (S&P).
This is what Obamanomics has wrought. Fiscal promiscuity. Trickle-up poverty. Shared misery.
