Showing posts with label tax cut. Show all posts
Showing posts with label tax cut. Show all posts

Tuesday, June 1, 2021

The Failing Biden Presidency - Part 3

It is the beginning of another month which means it is time again to review the latest political class insanity from the American political class. Each month it takes us multiple posts to cover the wasteful spending, incompetent government organizations and employees, government programs that usually make a problem worse than resolving it, inane and idiotic politician comments, etc.

To review past posts on this insanity and idiocy, just click on the first few posts in each month listed to the right of this page. After reviewing just a handful of these insanity posts we think you will agree that we are currently being served by the worst set of American politicians ever to hold office in our entire history.

1) Today’s post is going to be mostly focused on the cognitive and moral decline of Joe Biden. Everyone has a slip of the tongue or a slip of the mind occasionally but when it happens so often and it happens in the presence of other symptoms, then eventually one has to reach the conclusion that he is in the throes of a cognitive decline caused by unknown causes at this point in time.

And these slips are not recent, they extend back into the middle of 2020 and the Presidential race. In fact, we made the case that his wife, his family and his political handlers were guilty of elder abuse to put him through the rigors of a Presidential campaign.

We have reported on a variety of situations where Biden’s continuing cognitive decline was on display:
  • He tripped multiple times trying to walk up the steps to get into Air Force One.
  • He got lost and bewildered on a tarmac trying to get to a helicopter and had to be literally rounded up by Kamala Harris and Secret Service agents.
  • He threatened to run over a reporter who asked him a serious question about the violence in the Middle East.
  • When asked another question about what he learned from a Middle East briefing he simply said he learned “ a lot.”
  • During his first real press conference he had to be provided a seating chart of the reporters along with their names and photos, even though he had interfaced with these same people during his decades in Washington, so that he would not embarrass himself.
And now we can add another embarrassing situation to the ever growing list. In a recent meeting concerning FEMA, he could not even read off of prepared notes and ended up with a rambling, incoherent session. This embarrassment can be viewed at the following link:


2) Unfortunately, Biden’s accelerating cognitive decline is not only embarrassing but fatal in a variety of ways. His lack of understanding and misguided principles on the Middle East have led to Palestinian and Israeli deaths in the latest flare up in Middle East violence on his watch. People are dying at the southern border after he encouraged them to make dangerous and illegal attempts to enter the country. His reversal of a Trump directive on opioid addiction has likely led to thousands of unnecessary drug addiction deaths.

And now his missteps at the border are likely to increase the drug addiction in this country problem even more:
  • The flood of illegal immigrants at the border has resulted in Border Patrol resources being pulled away from stopping the flow of illegal drugs into this country.
  • There have been news reports of drug cartels bringing semi tractor trailers to the border loaded with highly addictive fentanyl.
  • As the cartels flood our country with this highly addictive substance, the addiction and death toll from it is likely to skyrocket.
  • In a recent interview, Texas governor Greg Abbott estimated that there had been an 800% increase in the amount of fentanyl intercepted at the border in the past year, giving an indication of how much more of the illegal drug is getting into the country.
  • Specifically: “I’ve got to tell you, Steve, there’s something else, a new dynamic about what’s going on at the border that Americans need to know about, and that is the increased apprehension of fentanyl coming across the border. Yes, there may be people coming across the border. But there [are] dangerous drugs coming across the border. For your audience who may not know, two milligrams of fentanyl is a fatal dose. And so, know this, we had…[an] almost 800% increase April over April of the amount of fentanyl that has been apprehended by the Texas Department of Public Safety. We have obtained enough fentanyl coming across the border to kill every single person in the state of New York.”
  • Think about that scary statistic: the border law enforcement people have intercepted enough fentanyl to kill 19 million people, the entire population of New York state, imagine how much the non- intercepted fentanyl could kill.
In 2019, over 36,000 Americans died from synthetic opioid overdoses, most of which were based on fentanyl. In 2021, that number is likely to be far exceeded due to the failed and fatal border and illegal immigration polices of Biden and his policies.

3) Politicians lie all of the time, one of the reasons why our election processes are broken and the country is in the mess we are in: once elected, American politicians care only about themselves and their own self enrichment and whatever help they promised to the American people in their campaign is quickly forgotten.

And as a long term member of the American political class, Biden is no different, as we see from his blatant lying about how heavily he will tax all of us, not just the wealthy, not just companies, ALL of us:
  • When campaigning in 2020, Biden promised he would only raise taxes on big corporations and individuals making over $400,000 a year.
  • But once in office it became clear that the $400,000 number was bogus since it turns out that the $400,000 a year promise was for households, not individuals as he originally promised.
  • Thus, a husband and wife who each make $200,000 would see their taxes go up since in total they earn over $400,000 a year, Biden’s first little lie.
  • But his tax lies do not end there.
  • According to Jim Tankersley of the New York Times, that newspaper has obtained a copy of Biden’s budget documents.
  • In those documents we see that Biden plans to tax EVERY American at higher rates by 2025: “The documents forecast that Mr. Biden and Congress will allow tax cuts for low- and middle-income Americans, signed into law by President Donald J. Trump in 2017, to expire as scheduled in 2025.”
  • In case you forget, Trump’s tax rate cuts allowed well over 100,000,000 hard working American to keep much more of their earned income regardless of how wealthy or not wealthy they were.
  • These tax cuts increased average household income, reduced unemployment levels to unheard lows for African-Americans, Hispanic-Americans, women, high school educated workers, and just about every other sub-category of American worker, raised consumer confidence, brought high paying manufacturing jobs back into this country, reduced energy and gasoline prices, and all the while kept inflation well under control.
  • By allowing those tax cuts to expire, we can expect the opposite effects to take place: higher unemployment especially for minorities, lower household income, higher gas and energy prices, the loss of high paying manufacturing jobs, and higher inflation.
And yet Biden promised that he would not raise taxes on all of us, just the wealthy. And before he allows the Trump tax rates to expire, we are already seeing the effects of his bad economic policies: inflation is hitting rates we have not seen in decades, companies are already moving high paying manufacturing jobs overseas, energy and as prices are already spiking higher, consumer confidence is down, etc. Imagine how bad things will be when he lets our tax rates rise.

And for those of you who hate Trump and disagree with the above scenario that played out when Trump cut just about everyone’s taxes, get yourself educated on reality. Keep in mind that when Democrat President Bill Clinton cut taxes during his term, the economy skyrocketed and everyone benefited, just like what happened under Trump. When Democrat Harry Truman cut government spending and taxes after World War II, the economy skyrocketed.

As we have said so many times, this country has a government overspending problem, it does not have an under taxation problem. But as a long term member of the American political class, Biden, and the rest of them, do not understand basic economics and as a result, they have to lie during the campaign about not raising taxes and then do just the opposite when elected : expand government spending, which is always inefficient, ineffective, and wasteful, and make us pay for their economic ignorance.

4) And while the past few posts and this one have focused on the cognitive decline of Joe Biden and the chaos, deaths, and bad policies that are resulting from his decline, let’s not forget that he has a Vice president who is just as ineffective, just as out of touch, just as vain as him:
  • Biden assigned Vice President Kamala Harris the task of fixing the illegal immigrant fiasco he created at the southern border.
  • Over two months after receiving that assignment, she has yet to visit the border to try and understand what is really going on but has visited other places in the country that did not require her to put forth any deep thought or leadership skills.
  • At a recent meeting with the leader of our strong ally, South Korea, she wiped her hand on her clothes after shaking the leader’s hand, a major diplomatic and sensitivity screwup.
  • And this past weekend, the weekend when we honored those American soldiers and airmen who gave their lives to protect our lives and our freedoms, Harris vainly tweeted out a picture of herself with the words, “enjoy the long weekend.”
  • No mention of the sacrifices made by those that served our country, no remembrance for those that died in that service, no, just a light airy picture of herself with her wishes to have fun.
But we already have reported how tone deaf and vain she is in previous posts. Thus, this is what we have leading the country today: a tax increasing, lying, cognitive declining, out of touch President and a vain, unappreciative Vice President who has done nothing to halt the insanity, the deaths, and the chaos at the border.

Those that died serving the country, those that died protecting our rights and lives deserve better than what comprises the American political class today.

Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at:





Sunday, January 7, 2018

The Horrors and Destruction that Donald Trump Has Imposed On America...Just Kidding! Part 3

Before we start today’s discussion, let’s review my voting history: 

  • I have never voted for a Republican for President in my life. 
  • Thus, I did not vote for Trump. 
  • I have rarely voted for a Republican for national office in my life. 
A year ago, many liberals, Democrats, and millenials were besides themselves with grief and fear because their pre-ordained queen, Hillary Clinton, was not elected President. Instead, Donald Trump was elected, an individual that these same people despised, hated, and feared, an individual they felt would endanger and possibly destroy the country and our democracy. For the past year they fretted, worried and lashed out at anything or anyone that even remotely smelled of Donald Trump.

Given that Trump has been in office for a year and we are at the end of that calendar year, I thought, that as someone who did not vote for him, it would be a good idea to review the horror, trauma, and terrible things that Trump has subjected the country to in just one short year. The first two posts we did on this topic identified 62 things that have happened since Trump became President:

https://loathemygovernment.blogspot.com/2017/12/the-horrors-and-destruction-that-donald.html

https://loathemygovernment.blogspot.com/2017/12/the-horrors-and-destruction-that-donald_31.html

The following list adds to those initial 62 successes:


1) After a two year increase in big city murders in the last two years under the Obama administration, the country’s overall murder rate in big cities declined in 2017 under Trump with New York City experiencing 290 murders, the lowest number since 1951, and Los Angeles having its 8th consecutive year in which murders were under 300.

2) Under the Trump economy, the African American unemployment rate has fallen to the lowest level in at least 45 years, 6.8% according to CNBC reporting and the Bureau of Labor Statistics.

3) According to Reuters, the US economy in Trump’s first year as President added 2 million jobs despite the depression of job creation because of the hurricanes of 2017.

4) Many of the new jobs were in higher paying industries such as construction, professional and business services, and manufacturing vs. lower paying retail industry which saw a slight loss in jobs.

5) According to Paul Bedard, reporting for the Washington Examiner on January 4, 2018, the number of companies that have given bonuses to their employees, increased their charitable donations, or reinvested into their company as a result of the Trump tax cut is now over at least 100 companies including, but limited to:

  1. We have previously covered how AT&T, Boeing, Fifth Third Bank,Wells Fargo, and Comcast have given employees and charities billions of dollars from the Trump tax cuts.
  2. AAON — $1,000 bonus checks to 2,000 employees.
  3. AccuWeather – year-end bonuses to all employees. (Approx. 450 – 500 employees)
  4. Aflac – increase 401(k) match from 50% to 100% on the first 4% of compensation plus one-time $500 contribution to every employee’s 401(k); $250 million increase in overall U.S. investment.
  5. American Airlines — $1,000 bonuses for every employee (excluding officers). The bonuses will total $130 million. AA had 127,600 employees as of Sept. 2017.
  6. American Bank – $1,000 bonuses for 60 employees
  7. American Savings Bank – $1,000 bonuses to 1,150 employees; base wage increase from $12.21 to $15.25
  8. Americacollect – $300 - $500 bonuses for 250 employees
  9. Aquesta Financial Holdings — $1,000 bonuses to 95 employees; base wage hike to $15 per hour
  10. Associated Bank – $500 employee bonuses (exact number receiving bonus unknown at this time); base wage will rise from $10 to $15 per hour
  11. Bank of Hawaii – $1,000 bonuses to 2,074 employees; base wage increase from $12 to $15
  12. Bank of the Ozarks – Bonuses of up to $1,200 for 2,300 employees
  13. BB&T – $1,200 bonuses for 27,000 employees; base wage will rise from $12 to $15 per hour; $100 million in charitable donations
  14. Canary LLC – due to tax reform, the company will hire more employees and increase capital spending.
  15. Central Pacific Bank – all 850 employees will receive $1,000 bonuses; base wage will rise from $12 to $15.25
  16. Citizens Financial Group — $1,000 bonuses for 12,500 employees and $10 million for charitable donations
  17. Comerica Bank — $1,000 to 4,500 non-officer employees; base wage increase to $15 per hour
  18. Community Trust Bancorp — $1,000 bonuses for full time employees and $500 bonuses for part-time employees (exact number receiving bonus unknown at this time)
  19. Copperleaf Assisted Living – $200 - $600 bonuses for 175 employees
  20. Dayton T. Brown Inc. (engineering/testing company) — $400 bonuses for each of the 210 employees
  21. Delaware Supermarkets Inc. — $150 extra bonuses to 1,000 non-management personnel.
  22. Express Employment Professionals — $2,000 bonuses to more than 200 non-executive employees
  23. First Hawaiian Bank – $1,500 bonuses to 2,264 employees; base wage increase to $15
  24. First Horizon National Corp. – $1,000 bonuses to 4,000 employees
  25. Gate City Bank — $1,000 hand-delivered bonus checks to 538 non-management personnel; $500,000 higher charitable giving; $500,000 worth of free home appraisals.
  26. INB Bank — $500 bonuses to 200 employees. The bonuses will exclude the Senior Management Team. The base wage will be raised to $15 per hour
  27. Kansas City Southern — $1,000 bonuses. (Exact number receiving bonus unknown at this time; the company employs 6,485)
  28. Melaleuca – all 2,000 employees will receive a $100 bonus for each year they have worked at the company
  29. National Bank Holdings Corporation – $1,000 bonuses for employees making less than $50,000 (exact number receiving bonus unknown at this time)
  30. Nationwide Insurance — $1,000 bonuses to 29,000 employees; increased 401(k) matching contributions for 33,000 employees
  31. Navient – 98% of Navient’s 6,700 employees will receive a $1,000 bonus (approx. 6,566 bonus-eligible employees)
  32. Nelnet — $1,000 bonuses for 4,100 employees
  33. OceanFirst Financial Corp. – base wage increase to $15 per hour
  34. Ohnward Bancshares — $1,000 bonuses for all 260 employees
  35. Pinnacle Bank — $1,000 bonuses for 1,007 employees
  36. PNC Financial Services Group, Inc. — $1,000 bonuses to 47,500 employees; an additional $1,500 in employee pension accounts; base wage hike to $15; $200 million charitable contribution
  37. Regions Financial Corporation – base wage increase to $15 per hour; $40 million in charitable donations; $100 million in capital expenditures
  38. Rush Enterprises – $1,000 bonuses for all 6,600 employees
  39. Sinclair Broadcast Group — $1,000 bonuses for 9,000 employees
  40. Southwest Airlines — $1,000 bonuses for all 55,000 employees; $5 million additional charitable donations
  41. TCF Financial Corporation — $1,000 bonuses for full time employees; $500 bonuses for part time employees (exact number receiving bonus unknown at this time);
  42. The Flood Insurance Agency — $1,000 bonuses for 17 full time employees
  43. Territorial Savings Bank — $1,000 bonuses to 247 employees; base wage hike from $11.25 to $15.00 per hour
  44. Turning Point Brands, Inc. — $1,000 bonuses for 107 employees
  45. Unity Bank – all 200 non-executive employees will receive a $750 bonus
  46. U.S. Bancorp – $1,000 bonuses for 60,000 employees; base wage hike to $15 per hour; $150 million charitable contribution
This list does not include the hundreds if not thousands of small and medium sized businesses that are also rewarding their employees, their charities, and their operations with increased benefits and rewards. And remember, these bonus payments are also in addition to the lower tax levels that the Trump tax cuts will incur for over 100 million working Americans and their families.

To see Mr. Bedard’s entire article that also includes the press releases praising the tax cuts go to the following link:

http://www.washingtonexaminer.com/over-100-companies-giving-trump-bonuses-after-tax-victory-tsunami-building/article/2644944
So for those of you that feared the end of the world with Trump’s election, here is a list of more 49 Trump benefits and accomplishments to go with the list of 62 accomplishments we published a few days ago. Let’s be honest Trump haters, he has done a pretty good job in just the first twelve months of his term.

Given your gross error in judgement relative to Trump, let me ask that you to do us all a favor by implementing the following changes in your behavior and attitude:

  • Chill out, tamp down your TDS affliction. No matter how much you hate Trump on a sexist, personal basis, get over it. He is the legally and duly elected President, he will be around for a while so refocus your hatred on more constructive issues and matters. You will live a lot longer if you take your hatred out of your heart and soul and devote it to something positive.
  • I would really appreciate it if some of you would apologize to the Trump voters you have disrespected in some of the grossest terms possible over the past year. You have called millions of voters racists, ignorant, stupid, Nazis, KKK members, and other horrible names simply because you disagreed with their voting choice. No American should be called such disgusting names simply because they exercised their Constitutional rights to the best of their abilities. Plus, slandering over 60 million Americans is no way to unite the country and get it focused on the real issues facing us all.
  • More personally, I would like, no I am demanding, an apology from some of you for your slanderous and disgusting name calling because in doing so, you insulted and disrespected my sister, my family members, my friends, and my co-workers who simply voted their conscience. I will defend their right to vote anyway they wanted and will no put up with your childish and vicious venom and bile directed at them, very important people in my life
  • And finally, I challenge you to read the following blog post, a post that shows quite clearly that it was hateful people like some of you and your silence during the Obama years that actually caused Trump to be elected. Thus, the people you hate for voting for Trump are actually looking back at you in the mirror:
https://loathemygovernment.blogspot.com/2016/03/how-american-liberals-and-washington.html

If you were silent in the dozens of instances listed in this post then you were responsible for the very thing you hate: a Trump Presidency. Or put another way, a so far successful and productive Trump Presidency. Over 100 accomplishments in less than a year is not too shabby despite many of wanting both Trump and the country to fail.


Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at:


www.loathemygovernment.com

It is also available online at Amazon and Barnes and Noble. Please pass our message of freedom onward. Let your friends and family know about our websites and blogs, ask your library to carry the book, and respect freedom for both yourselves and others everyday.

Please visit the following sites for freedom:


http://www.reason.com
http://www.cato.org
http://www.bankruptingamerica.org

http://www.conventionofstates.com
http://www.youtube.com/watch?v=08j0sYUOb5w