Monthly Archives: August 2012

Obama: You Didn’t Build That

Obama’s words are now famous.   In context, out of context, fair not fair, it’s all out there.  The republicans are running with it and the president is denying it.  However, this much is true.

Obama was making reference to the fact that business owners did not get to where they are entirely on their own.  Much of their success is based on the fact that those who came before created an infrastructure, roads and bridges, teachers and firemen, who have made their success possible.

And because of this, Obama feels, the very wealthiest among us, should be willing to “give a little back.”  Now, it’s important to put this in context, as ironic as that might be.  Here Obama is talking about his desire to let the Bush tax cuts expire for the wealthiest Americans.  Those Bush tax cuts that he wants to keep are the federal income taxes for all Americans earning less than $250,000.

President Obama is creating the narrative.  Federal income taxes.  The wealthy.  Business owners.  Roads and bridges and teachers.

Obama.

The conversation is federal income tax.  We’re not talking about sales tax.  No mention of property tax.  Not a whisper about social insurance taxes.  This conversation begins and ends with federal income tax.  Keeping the Bush rates for everyone but the wealthiest using the logic that those business owners didn’t build the infrastructure that allowed them to be successful.

In researching TPC’s critique of the Romney tax plan I found some numbers that will prove to be illustrative to Obama’s, his own logic, argument:

It turns out that the middle class didn’t build that.  The poorest among us didn’t build that.  Just as you would imagine, the wealthiest among us built that.  Those few wealthy who not only provide jobs for the rest of us but also provide for the roads and bridges to get us there.

 

Channeling Louis C.K.

So, I’m gonna go out on’a limb here and share a humorous episode from my life just tonight.  It involves my wife, so if posting is “light” for the next few ummm, days, just assume that I love ya and if I really knew ya, you could have my stereo.

We use ATT&T U-verse for our TV and internet here.  This morning I’m surfing the TV channels and discover the U-Verse 2012 Olympic app.  I’m intrigued, I check it out and much to my wonderment I discover that I’m able to watch almost any previously aired Olympic event on demand.  Only those not yest broadcast are withheld but will be made available in time.

Think of that.

The Olympics.  They began in ancient Greece in 776 BC.  These games, featuring the greatest athletes of the times were honored and revered.  The winners were legends.  And the legacy of those games, some 2,800 years ago lives today.  And from the comfort of my couch, on my flat screen TV I can pick and choose which single event I wanna watch and when I wanna watch it.

As it turns out, my daughter wanted to see the women’s all around finals tonight.  She was lamenting the fact that we didn’t record it for her to see and she had missed the whole thing.  In a moment of pure “daddy delivers” I went to the TV, turned on the app and gave her the finals.  All of ’em.  In their pure glory.

But, it turns out, we only wanted to watch some of the gymnasts, not all of them.  So my wife wanted to fast forward through some of the routines.  Turns out you can’t.  You have to watch the whole thing in real time.

“Pppfffttt…THAT’S stupid!”

I turned to her, “Honey, a technology you didn’t know existed until literally 7 minutes ago has gone from revolutionary to stupid?  Seriously?

In all his glory, I present to you, Louie C.K.

The good starts at 3:50.

That Didn’t Take Long: Obama Attacks Ryan

It took team Obama about 15 minutes to release the hounds.  However, to be fair, he probably had these ads lying in wait for each of the top choices.

Let’s take a look:

  1.  The economy crashed due to government policies that induced banks to lend money to people who had no hope of paying those loans back.
  2. BAM!  Class warfare at it’s finest.  I’ll have to look at the plan first though.  But if the analysis is anything like the TPC, there may be a bit of a partisan bias.
  3. We clearly don’t need more college graduates.  Or, at teh very least, we need fewer of the “soft” degrees and more of the “hard” degrees.  Clean energy – meh.  Clean energy should be given the same breaks as traditional energy.  But let’s not move to #4 without more class warfare.
  4. Yes.  Medicare as we know it is broken.
  5. I’ll have to check on that.  Not sure what he’s talking about.

2012 Election: Obama 281 Romney 257

Which really, isn’t that bad.  Then again, I’m out on a limb with Virginia and Colorado while Obama is pretty much a lock in every state going blue in the map above.  The default leanings when you pull up the map have Michigan and Wisconsin as toss-ups; I don’t think there’s a chance they break for Romney – though you would think his dad could help in Michigan.  I think Obama will carry the big Ohio and Pennsylvania states with Florida going for Mitt.  Like I said, Virginia might be wishful thinking.  However, only PPP has Obama ahead by more than 4.

The good news?  If my “out-on-a-limb” picks hold Romney would only need to steal a single state like Michigan, Ohio or Pennsylvania.  Or maybe the republican governors in Wisconsin and Iowa can deliver their states for Romney.  With Ryan on the ticket, he may actually pull Wisconsin over.  If he does and the rest holds, that gives Obama a 271 to 267 win.

Pretty close.

Romney Picks Ryan And Other Stuff To Think About

So he picked Ryan.  I think it’s a fine choice but maybe not the strongest one he could have made.  I’m glad that he didn’t pick Rubio.  Rick is too new, is only a Senator and really would have smacked to pandering.   The other pick I was afraid of was Rice.  I like her but she would have been a massive gamble.  She’s pro-choice -which is what it is- and that would have turned off a ton of the base.  Further, she could be seen a doubly pandering.

High gain high risk.

I would have preferred a governor.  Paulenty, Christie, Daniels, Jindal or McDonnell.  I think any of those 5 would be solid solid picks.  [If Obama wins the Republican primary is going to be an All Star team].

I think Ryan brings a conservative Tea Party rock and roll star, he brings youth and enthusiasm and brings a degree of expertise in matters financial.  However, he also brings the Ryan plan.  A plan that has been an easy target for democrats.  And a plan that may negatively sway indies and the elderly.

Will he make a difference?  Probably not.  But if his team can influence the Romney team that you have to be a little looser, a little more hip and a little bit more aggressive, then that would be a good thing.

Additionally, a few things are also clear.  In the coming days and for the rest of the campaign we’re gonna hear the democrats roll out all kinds of ads and speeches on the following themes:

  • War on the Middle Class – See also “Decline of the”
  • The gutting of Medicare and Medicaid
  • Tax breaks for the wealthy
  • Income disparity
  • The Ryan Plan itself

It should promise to be a great campaign!

Romney’s Tax Plan

A recent report from the Tax Policy Center is showing that the Romney tax plan will result in an added tax burden on folks with the lowest incomes:

Our major conclusion is that any revenue-neutral individual income tax change that incorporates the features Governor Romney has proposed would provide large tax cuts to high-income households, and increase the tax burdens on middle- and/or lower-income taxpayers.

I haven’t read all of the report nor have I taken much time to study the plan offered by the Governor.  However, the broad brush strokes seem to be that there would be a 20% reduction in the tax rate at all tax brackets.  Further, Romney would broaden the base by eliminating deductions.  Last, Romney claims that his policies would spark the economy into 4% growth as opposed to the anemic sub 2% that we’ve grown accustomed too.

It should be no secret that I’m a small tax small spend kinda guy.  So I’m a little concerned that the main thrust is surrounding tax rates and not spending rates.  Cutting taxes is fine, but unless we shrink government, we’re only left with larger deficits.

I’m also a big believer in the concept of the Laffer Curve.  This is the idea that tax rates of 0% and 100% will result in the same amount of tax revenue.  And that as tax rates increase from 0% more and more tax revenue will be generated until a peak is hit at which point any further increase in the tax rate will result in lower revenue.  I think this is true.  It’s important to emphasize the concept of both sides of the curve and I think that Romney may be forgetting the 0% side and arch of the philosophy.

I’m not so optimistic that we’re sitting on the exact right peak right now and that either a tax hike or a tax cut would reduce revenue.  But I think there might be better ways to spur the economy without introducing tax cuts.  For example, end this continued nonsense surrounding the extension of the Bush tax cuts.  Make ’em permanent and move on.  The taxes in Obamacare?  Remove them too.

Right now, I think that tax certainty would be a sufficient spark to the economy and one that could generate the 4% growth Romney is targeting.

I’ll leave the discussion with one caveat.  I think that we need to reduce our corporate tax so that we’re among the most competitive in the world in this space and not the worst in the world.  Further, I would edit the code to say that all earnings realized in a foreign nation and taxed at the national rate can be brought to America without being subject to further American corporate taxes.  It’s hard to defend the practice of taxing money earned in France, using French -ahem- roads and bridges and then taxing that money further for the construction of American roads and bridges.

Absent Morality

UPDATE:

I didn’t include the links to the stories showing the problem with the ad.  Those links are here and here.

Barack Obama has just released an ad in which he accuses Mitt Romney of causing the death of Ranae Soptic.  Basically the ad claims that Romney shut down a plant resulting in the family losing their health insurance.  Then, with no insurance to cover the family, Mrs. Soptic took ill, delayed going to see a doctor and was later diagnosed with Stage IV cancer; she died 22 days later.

The thrust of the ad is that Romney, caring only about corporate profits, took away the families health insurance leaving the family uninsured even as Ranae was ill.  If this were true, it hinges on the idea that the plant wouldn’t have closed anyway; with or without Romney and Bain.  And there’s no indication that it wouldn’t have.

However, that’s only interesting IF the claims made in the are true.  And they aren’t.  First, the plant was closed after Romney left Bain and Ranae had health insurance through her job.  Further, Mr. Soptic lost his job in 2001 and it wasn’t until 2006 that his wife passed away.

7 years after Romney had left Bain to run the Olympic Games.

But Obama doesn’t care.  Do you?

Human Rights

I was reading through the “About” section of “A Voice From the Foothills.”  Basically a mission statement, very well stated, thought out and rather impressive.   However, when I hit #2 I verbally sighed:

We Believe in basic human rights that are the right of any individual as a result of being born. These are the right to sufficient nourishing food, clothing, and shelter. People have a right to good education for their children. They have a right to health care of equal quality as of any that can be paid for. We believe in meaningful employment at decent wages and under safe working conditions. People have a right to reasonable time to recreate and rest.

I bump into this concept often enough that I thought it worth a full post rather than just a comment over at Sherry’s place.   So here goes.

I think that a very large number of people confuse “human rights” with “doing the right thing” kinda stuff.  When I mention liberty, individual rights or basic human rights, I’m talking about those concepts that are “endowed” by nature or by God.  Such things as the right of speech, the right to pursue happiness the right to individual property.  These are things that belong to individuals a priori of the concept of government or society.  That is, my right to speech is the same if I am prehistoric man living a life of isolation [speech in this case might be freedom of expression] as it is if I’m a nomadic hunter as it is if I’m a citizen of Rome, Greece or the United States.

That is, the right to these things is not given to me by the state.  Indeed, it is the unfortunate fact that it is often the state that restricts these rights over the history of man.  Further, these rights require nothing else from any other living person.  My right to the pursuit of happiness is mine without assistance from anyone.  In fact, if I did try to claim that another man enable my right to happiness, I am infringing upon HIS right to his happiness.  I have no claim over another individual.

Natural rights aside, there are things that we as moral beings Capital “O” Ought to do.  We Ought look out for each other.  We Ought care for those of us in need.  We Ought say thank you and please.  We Ought do many many things.  But those Oughts are not the same things as Human Rights in the way that I mean them.  They may be things that a decent and caring person does for another, but they do not exist in a manner that one person can claim them of another person.

Finally there are legal rights.  For example, in some nations in Europe, there exists the right to high speed bandwidth.  Here in America there is the legal right to a cell phone.  Again, here in America, I have the legal right to exempt some of my income that is used to pay the mortgage on my home.  These are legislated rights that are neither endowed OR things that would be reasonably considered an Ought.  Legal rights.

I think that if we seriously considered the difference in the three we would be better off.  For example, the most recent and obvious example is healthcare.  When taken in the context of the three examples I’ve described, there is no human right to healthcare.  A living individual has no right of compulsion to force another individual to labor for her health.  And this compulsion can either be the literal forcing of a doctor to perform medical care for the patient or the compulsion of someone to pay the willing doctor to do the same.

Healthcare may be, and I would argue it is, an Ought.  We as a civilized humanity Ought to care for our neighbors, our friends and our citizens.  But we cannot coerce each other in the name of human rights.  The same logic applies to such concepts as food.  As unemployment benefits.  And many of the other things that we want to have other people do for the less fortunate.

So no, I do not accept the concept that healthcare is a human right.  And debate we have after that is going to devolve due to the fact that we’re discussing different things.

I Hope This Means They’re Scared

Another rumor floated by the Obama White House:

The White House spokesman was referring to a banner story on The Drudge Report that said Obama told a supporter that Romney would select Petraeus for the role.

It’s clear Obama needs to change the narrative.  If we focus on the economy he loses.  Not wanting to lose he is directing Reid to claim that Romney hasn’t paid taxes in 10 years and now he’s leaking that Romney will select the general.

In an absolute delicious dose of irony, here is the White House spokesman:

“Be mindful of your sources,” Carney said.

 

Men’s 100 Meter Dash

  • 75 entrants
  • More than 40 countries represented
  • 8 men in the finals
  • Of more than 40 countries entered, only 4 are represented in the finals
  • Of the finalists, all 8 are black
  • You have to go back to 1980 to find a Gold Medalist that is white

Is this an example of bias?