Tag Archives: Barack Obama

Barack Obama: Dreams From My Father – Chapter Two

I’m reading Barack Obama’s first book:  Dreams From My Father.  My goal is to try to understand the man from his own perspective, his own words.  There are a lot of people who have a lot of opinions of the man.  I think that I owe it to him and myself to see what he has to say about himself.

Chapter Two:

The very first thing I noticed about chapter two is that the artistry of chapter one is missing.  This isn’t to say that the chapter s hard sledding, it’s just to say that the vivid images that the book initially evoked are missing.  It’s as if Chapter One took months and months of work while the rest of the book was the result of the normal writing process.  Or, maybe someone else wrote that first chapter.

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Obama Job Creation: How It Ends

For those of you not gifted with my humor; this is funny.

 

Obama’s Recession Recovery: Reagan and Bush

I’m very excited to see the economy continue to strengthen.  I’m happy when folks spend money.  I like seeing my local restaurants have waiting lines of an hour or more.  I enjoy it when people feel optimistic.

However, Obama isn’t driving the recovery; he’s dampening it.  Reagan trounced him and I’m not even normalizing for a smaller work force.  Bush beat him by 40% or so, and again, the economy was smaller then.

Mitt Romney: Vulture Capitalist

Romney is wealthy; hell, he is loaded.  And I think it’s gonna present him some problems:

It seems that this lack of any real financial struggle has made Romney tone-deaf in what he says about people and money. This fault is Romney’s veritable Achilles heel.

Romney has to acknowledge and accept that this charge will be leveled against him.  He has to be prepared for it, plan for it and practice for it.  I think he will.  And there is plenty of good reason for him to defend himself and his occupation:

…the direct employment losses that result from private-equity deals are not as large as critics claim: on average employment declines by only 1% two years after a buy-out, once the jobs created at new facilities are counted. Such shifts in employment are part of the creative destruction that invigorates the economy, and if private equity hurries the process along, that is all to the good. The evidence suggests that it does. Private-equity buy-outs tend to increase productivity—by around 2%, on average, according to one academic study. If firms become more efficient, the economy works better. Resources will be reallocated where they can better be used.

Romney needs to embrace the free market capitalism that Obama attacks.  Romney need to accept the label of capitalist and instead, turn it around and label Obama as the statist that he he is.

There is no shame in taking a corporation that’s struggling and turning it around by, in part, trimming the work force only to hire more productive and able staff in the near future.

Romney needs to celebrate this, not hide from this.

The Liberal Lie: Buffet’s Secretary And Her Tax Rate

President Obama has enjoyed making a point the rich, the very rich, are making more out very well under the current tax code while the rest of us suffer.  His favorite example is his friend Warren Buffet.  In fact, Obama even mentioned it during his State of the Union Address:

When it comes to the deficit, we’ve already agreed to more than $2 trillion in cuts and savings.  But we need to do more, and that means making choices.  Right now, we’re poised to spend nearly $1 trillion more on what was supposed to be a temporary tax break for the wealthiest 2 percent of Americans.  Right now, because of loopholes and shelters in the tax code, a quarter of all millionaires pay lower tax rates than millions of middle-class households.  Right now, Warren Buffett pays a lower tax rate than his secretary.

I’ve been working this for a long time.  I’ve tried making the point that Buffet pays that SAME income tax rate as his secretary; tax on salary is straight forward and everyone uses the same schedule.  I’ve also tried to point out that Buffet pays much MUCH more in taxes than his secretary; he makes very much more.

All of this is ignored as only so much right-wing buffoonery.

So, let’s look, what does Warren Buffet’s secretary – Debbie Bosanek – pay?  Well, it’s reported that she pays a rate of 35.8%.  And Buffet?  What does he pay?  The same report says he pays 17.4%.

Buffett’s secretary since 1993, Debbie Bosanek, sat next to her boss just hours after being invited by the president to the State of the Union address, where the president made her the face of tax inequality in America.

Bosanek pays a tax rate of 35.8 percent of income, while Buffett pays a rate at 17.4 percent.

“I just feel like an average citizen. I represent the average citizen who needs a voice,” said Bosanek. “Everybody in our office is paying a higher tax rate than Warren.”

Interesting.  Interesting indeed.  The first thing I considered when reading this is why Buffet doesn’t compensate his staff in the same way he compensates himself; namely through assets that yield capital gains.  The second question I asked was, “Wait a moment, what IS the marginal rates exactly?”

Let’s again, go look:

According to the above table, Ms. Bosanek can’t earn enough  income to set her tax rate at 35.8%.  In fact, the highest that any American can pay is 35%.  And even if Ms. Bosanek made $1,000,000 her rate would be 32.73%.  No where near the 35.8% the liberals report she pays.

This should not be surprising; liberals suffer from a degree of lack of understanding when comes to things economic:

It’s not even close.  The conservatives did better, MUCH better, than the Leftists.  And it tracks exactly with political affiliation.

So the next time that you are confronted with the argument that Mr. Buffet’s secretary pays more in taxes than her boss, challenge them.  Ask them questions.  Ask them if they mean total dollars or tax rate.  Then ask them to explain their answer.

They can’t.

 

 

More Great Great 2012 Election News For North Carolina

I just posted that the 2012 elections are looking good for Republicans.  Most folks feel that the the Senate could swap, and if it doesn’t would turn more red than blue.  And only the most partisan individuals in the democrat party feel that the House would turn.  But the state elections are looking great.

And here in North Carolina?  The news is looking even better.  Our sitting 1 term governor isn’t looking to run for her 2nd term:

RALEIGH, N.C. — Facing a tough fight for a second term, Gov. Beverly Perdue said Thursday that she will not seek re-election so she can focus her energy on fighting for a sales tax increase to fund education.

This is garbage by the way.  Purdue has a horrible approval rating here in Carolina and she knows she doesn’t have Obama’s momentum to carry her through this year.  She’ll lose, she knows it, so she’s dropping out.

Another win for Republicans in 2012.

Barack Obama: State Of The Union Address

I had low expectations of our President going into the State of the Union.  I admit this openly and freely.  I do not think that our President is post-partisan — “I won” anybody? — and I don’t think that he’s pro-business as everyone claims.

So, with that said, how did he do?

Well, nothing he said fell short of my expectations.  I was anticipating class warfare, I was anticipating environmental crusading, I was expecting “blame Bush.”  And he delivered.

However, he DID make the case in a number of examples where I found myself agreeing with him, if only his words, but still….

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State Of The Union: Class Warfare and Economic Fairness

I just heard the lead up to the State of the Union address.  The reporter for CBS News just mentioned that the President is going to focus on “Economic Fairness” during much of his speech tonight.  As a special guest tonight, Warren Buffet’s secretary is going to be in attendance.

This is going to be great.

Barack Obama: Dreams From My Father – Chapter One

I’m reading Barack Obama’s first book:  Dreams From My Father.  My goal is to try and understand the man from his own perspective, his own words.  There are a lot of people who have a lot of opinions of the man.  I think that I owe it to him and myself to see what he has to say about himself.

Chapter One:

The book begins with a college aged Obama living with his college roommate.  Obama was 21 at the time and living in New York.

Right away I’m struck at the artistry of the story telling.  Clearly the author is adept, even skilled, at the art of writing.  The flow of the words into thoughts and thoughts into images is very well done.  I won’t say powerful, it’s too early in the book to deliver a power punch, but it sets up the book nicely.

Concurrent with that artistry is the nice unexpected contrast.  In a book that is about a man and his father, the story begins with Obama’s retelling of his hearing the news that his father had passed away.  A phone call from a long lost aunt in a far away nation delivering news of a far away man.  A far away man and his passing.

With that news, the book pivots into the history, albeit a brief and cursory one, of his father, his grandfather and grandmother.  Barack Obama the elder grew up in Kenya and attended a school established by the colonial British.  Having done there, the student was invited to attend University in the United States; Hawaii to be exact.  From the opposite side, the book explores the journey of Barack’s maternal grandparents.  Their journey from Kansas to the Army, from California to back to Kansas and then Texas finally moving to Seattle.  Finally even Seattle gave way to the to final move to Hawaii.

There man and woman met, fell in love, got married and had a child.

Obama was born in Hawaii.  He spent his very early years in Hawaii.  However, not much is mentioned of those early days.  More is focused on the refined older Obama.  His British accent, his intelligence, his refined nature.  Further,  significant portion of the 1st chapter details the struggle of Obama’s grandparents confronting racism in some of the parts of their world.  There is the story of the janitor at the bank weeping with sorrow.  The story of Obama’s young mother playing with a black childhood friend and the conflict it created.  The narrative almost creates this couple, the future grandparents, as a couple expecting that their daughter would meet and marry, then give birth to, a black man.

I was a little taken back at the memories, and how they were expressed, by that Obama; 21 in college in New York:

When the weather was good, my roommate and I might sit out on the fire escape and smoke cigarettes and study the dusk washing blue over the city, or watch white people from the better neighborhoods nearby walk their dogs down our block and let the animals shit on our curbs–

The Republican part of me wanted to latch onto that; to grab it and run with it.  But I realized that life is full of the we’s and the they’s.  I remember growing up and I knew the kids with money and the kids who had even less than we did.  I remember.  And it was a they and a we.  I knew it then and it should be fair for a man who’s writing his story to relate to events in his life the same way.

 

Barack Obama: Dreams From My Father

 

I can’t remember if I mentioned that I bought both of Barack Obama’s books.  The campaign to see who gets to campaign against the President is in full swing, but I anticipate a fantastic political season ahead.  And these will be fascinating references.

I’m sure to call our President a whole bunch of “ists”.  I suspect I’ll call him a socialist.  For sure a statist.  Without a doubt a lefitst.  Maybe even a communist.  Who knows?  But is it fair?  Is it fair to label a man those things without really kinda knowing what that man thinks, and feels, says and write?

I think maybe I owe him the benefit of the doubt.

So here it is.  Barry O in his owns words.  Here we can see what he really thinks, or thought, as he put pen to paper.

Before I go into the books I wanna write down what I think of the man, his life experience and his beliefs.

  • I think that Obama’s view of America is unlike that of virtually every American alive.  He grew up in a state that had only recently been granted statehood.  He didn’t grow up in the America that we envision America to be.  He grew up in an island paradise hours from the mainstream mainland of America.
  • I think that Obama was highly influenced by his education in Indonesia.  I think the schools he attended, the friends he had and the society he lived in had a tremendous impact on his world view.
  • I think that his mother was a very far left wing radical.
  • I believe that when Barack Obama attended college he sought out non-mainstream individuals and organizations.
  • I think that Barack Obama sees the American version of capitalism as flawed.  I feel he believes that it creates winners and that it creates losers.  Further, that the losers are not losers of their own actions.
  • I believe that a young collegiate Barack Obama cared for the poor, the weak and the downtrodden; I think his cause was a noble one.
  • I think that he entered an occupation that would help those he saw as victims.
  • He became political and became a player in that system.  Especially that system of Chicago politics.

In short, the people that surrounded a young child Obama and the people that surrounded an older Obama were not mainstream Americans.  These were people who held an antagonistic view of America.  An antagonistic view based either on nationalism or one of “nature”, as in, what is Americanism?

So, I begin by reading Dreams From My Father by Barack Obama.