Monday, January 7, 2019

January, 2019, Part 5, Political Class Insanity: Another Bit Of Idiocy From Ocasio-Cortez, Elizabeth Warren Lives In Another Reality, and Finally Admission That Obama's Nobel Peace Prize Was An Error

It is another month which means it is again time to review the latest political class insanity from Washington and around the world. Political class insanity takes many forms including the wasting of taxpayer wealth, criminal fraud within government programs, inane and stupid political quotes and actions, the inability to create and implement effective and efficient government programs, stupid and ill performing economic policies and strategies, and other forms of insanity that continue to evolve and surprise and shock us.

Let’s get started:

1) Newly elected Congresswoman Alexandria Ocasio-Cortez has become this blog's favorite politician for inane, idiotic, and just plain stupid quotes and idea. She is a member of Congress that does not even know what the three branches of our government are. She has economics degree but does not know the definition of the simple economic concept of the unemployment rate. She has a college degree and totally misinterpreted a simple audit finding from the Pentagon. She wants to implement the "Medicare For All" concept and has no clue on how much it would cost and how impossible it would be to fund.

We could go on and on about her but let's stop there and add another ridiculous concept she has:
  • According to Warner Todd Huston writing for the Godfather Politics website on January 4, 2019, she wants to implement a Federal government tax rate of 70% for high earners in this country. 
  • Even though global warming stopped about two decades ago and thousands of scientists have stated that manmade global change is not a significant problem, and in some cases is a beneficial situation, she wants to fund an idiotic climate program called the New Green Deal. 
  • This New Green Deal would negatively and significantly impact the U.S. and ultimately fail since the rest of the world, especially China and India, would continue to increase their carbon footprint for the foreseeable future.
  • When told her plan was radical, she proudly responded, “If that’s what radical means, call me a radical,” she says. 
  • And even though the top ten percent earners in this country already pay a grossly disproportionate share of the Federal taxes in this country, she says that her plan would necessarily add “an element where people are going to have to start paying their fair share in taxes," 
  • She is ignorant to the reality that those taxpayers with incomes over $200,000 in this country pay a whopping 60% of all Federal taxes. 
  • She then goes to the always stupid rationale that the Federal tax rate fifty years ago was 60-70%, as if somehow that justifies doing it again today. 
  • She shows her ignorance of tax history because back when the tax rate was that high, there were an incredible number of deductions available to greatly reduce tax income at those high rates, for example back then you could deduct sales tax expenses, car interest payments, etc. so that the 70% rate was seldom reached because of all of the deductions, a reality she obviously is oblivious to. 
  • If her fantasy came true, high earners in NYC would be paying an effective overall tax rate of 83% on their earnings over a certain level, that is NOT a fair share of taxes.
There you have it, another reason why this woman is so ignorant and dangerous. Global warming stopped twenty years ago. Thousands of scientists believe that manmade climate change is minimal and can sometimes be viewed as beneficial for mankind. The higher earners in this country already pay more than their fair share in taxes already. High Federal tax rates in the 60s were heavily and easily offset by a myriad of legal deductions. 

And most of all, anyone who was going to pay 83% on their work ethic and earnings is certainly a fool to do so. As what almost happens with higher and higher taxation, less and less tax revenue is generated. No one is going to work hard enough to earn an extra dollar to just give up 83% of it politicians like novice and naive Ocasio-Cortez.

And so she is obviously math challenged, as we have pointed out previously, consider this reality: There are millions of Americans in this country who are homeless, hungry, unemployed, and drug addicted today. Go focus on their problems and stop with this idiotic, unnecessary, and not well thought out fantasy.

2) Speaking of out of touch and delusional politicians, consider how Senator Elizabeth Warner assesses America today as she tries to position herself as a viable Presidential candidate, a candidate that has no idea what is going on in America today:
  • Michael Graham, writing for the Boston Herald on January 1, 2019, summarized Warner's current out of touch views.
  • Warren thinks that the middle class/typical people are "under attack." 
  • She thinks that the middle class/typical people are being "ripped off." 
  • She thinks the country's politics are "poisoned by corruption." 
  • She thinks "families are falling into traps." 
  • She thinks people are being killed by corporations. 
  • She thinks that some of its citizens are "destroying the planet." 
  • She ignores the reality that a Suffolk University poll found that a whopping 58% of her constituents said they do not want her to run for President. 
  • She ignores the reality that U.S. median household income was $63,554 in November, the highest raw number ever and when adjusted for inflation, the highest level since the year 2000, so much for the middle class being under attack and being ripped off. 
  • She ignores the reality that average hourly wages in the U.S. have increased to $22.95/hour, the highest level ever, so much for the middle class being under attack and being ripped off. 
  • She ignores the reality that when getting emotional about raising the minimum wage, she is talking only about .5% of the population, mostly teenagers, are being paid the minimum wage. 
  • She ignores the reality that the top 3% of income earners in this country pay more than 50% of the Federal tax burden, they are not "fat cats" who "paid less than their secretaries and janitors" in taxes. [Note: the top 50% of earners pay 97% of the Federal taxes, leaving 50% of the rest of the earners paying only 3% of the taxes.] 
  • She ignores the reality that she is a fat cat, having been paid a whopping $350,000 to teach ONE/SINGLE law class at Harvard. 
  • She ignores the reality that overall economic growth is up, wages are up, 4,000,000 more Americans are employed than two years ago, there are more job openings in the country than there are workers, rather than killing people, companies are making major investments in this country (e.g. Amazon, Apple, Ford, others), not killing people, the unemployment rate for Hispanics, African-Americans, women, and the less educated are at or near historic lows. 
Life may suck in Warren's reality but in the real world, it is pretty good.

3) One of the strangest happenings during the Obama administration was him receiving the Nobel Peace Prize early in his Presidency for doing....really, nothing. It was almost like a participation award even before the game commenced. His subsequent record was certainly not one dedicated and successful in bringing peace to the world:
  • He conducted an illegal war against Libya, toppling an existing, legitimate government in violation of the Constitution and the War Powers Act, and causing a viable country to deteriorate into a cesspool of murders, anarchy, and terrorism.
  • He funded rebels and/or terrorists with weapons and support in Syria which helped lead to the destruction of that country and the deaths of thousands and thousands. 
  • He failed to prevent Russia from invading the Ukraine and taking over the Crimea. 
  • He failed to deter North Korea and Iran from developing nuclear weapons. 
  • He failed to find a solution for peace in the Middle East. 
Now granted, many of these problems and issues have existed without a solution for many, many years. But he did nothing to remedy them or to deserve the Peace prize. And apparently those that gave him the price are having second thoughts and regrets for doing so:

According to Warren Todd Huston, writing for the godfather Politics website on January 3, 2019, a former secretary of the Nobel organization finally admitted that awarding Obama the Peace Prize was a failure:
  • Geir Lundestad told the BBC that he thought that giving Obama the award, before he did anything worthwhile in the area of peace, would spur him to great, worldly, peace accomplishments. 
  • Again, getting a participation award before the game even started as stated above. 
  • He admits now that Obama dud nothing of note in the area of peace for eight years: "In that sense the committee didn’t achieve what it had hoped for.” 
Kudos for Lundestad for admitting the Nobel committee's mistake, reflecting another point of view of how poorly the Obama administration did in another area of failure.

That is it for today's insanity" Ocasio-Cortez continues to amaze with her idiotic ideas and overall ignorance, Elizabeth Warren obviously lives in a different reality, and the Obama Nobel Peace prize sham is finally admitted. More insanity to follow.

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