Category Archives: Politics

US Firms Paid More to CEOs Than Taxes in 2010

This just isn’t right….

From CNBC:

 

Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study said on Wednesday. It also found many of the companies spent more on lobbying than they did on taxes.

At a time when lawmakers are facing tough choices in a quest to slash the national debt, the report from the Institute for Policy Studies (IPS), a left-leaning Washington think tank, quickly hit a nerve.

After reading it, Democratic Representative Elijah Cummings, ranking member of the Committee on Oversight and Government Reform, called for hearings on executive compensation.

In a letter to that committee’s chairman, Republican Darrell Issa, Cummings asked “to examine the extent to which the problems in CEO compensation that led to the economic crisis continue to exist today”.

He also asked “why CEO pay and corporate profits are skyrocketing while worker pay stagnates and unemployment remains unacceptably high”, and “the extent to which our tax code may be encouraging these growing disparities”.

In putting together its study, IPS chose to compare CEO pay to current U.S. taxes paid, excluding foreign and state and local taxes that may have been paid, as well as deferred taxes which can often be far larger than current taxes paid.

The group’s rationale was that deferred taxes may or may not be paid, and that current U.S. taxes paid are the closest approximation in public documents to what companies may have actually written a check for last year.

$16.7 Million Average

Compensation for the 25 CEOs with pay surpassing corporate taxes averaged $16.7 million, according to the study, compared to a $10.8 million average for S&P 500 [.SPX  1219.64    6.72  (+0.55%)   ] CEOs. Among the companies topping the IPS list: eBay [EBAY  30.885    -0.065  (-0.21%)   ] whose CEO John Donahoe made $12.4 million, but which reported a $131 million refund on its 2010 current U.S.taxes.

via Fiscal Policy: US Firms Paid More to CEOs Than Taxes in 2010: Study – CNBC.

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I Have Forgiven You Jesus….

I love Morrissey.

The man is a true poet who isn’t afraid to be controversial or a little crazy.

He’s an artist and I’ve loved his work for more years than I can count….

Seems like the perfect antidote to all the Michele Bachmann posts today…

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Michele Bachmann Claims Her Hurricane Comments Were Only a Joke

Yeah, right….

More proof she is not only a nutcase, but a dishonest nutcase who won’t even stand by her crazy statements after she makes them….

This is why she can’t keep anyone on her staff for very long….

From The Guardian (UK):

The Republican White House hopeful Michele Bachmann has insisted she was joking when she said a hurricane and quake were God’s warning to Washington, in an effort to control the damage from her latest controversial comments.

The Tea Party favourite raised eyebrows with a weekend remark to supporters in Florida that Hurricane Irene, which killed at least 24 people and left millions without power, and an east coast earthquake were God’s way of telling US politicians to cut spending and fix the budget deficit.

“I don’t know how much God has to do to get the attention of the politicians. We’ve had an earthquake; we’ve had a hurricane. He said, ‘Are you going to start listening to me here?’ ” Bachmann said at a campaign event in Sarasota on Sunday.

“Listen to the American people because the American people are roaring right now. They know government is on a morbid obesity diet and we’ve got to rein in the spending.”

Bachmann, among the top three candidates seen to have a chance to win the Republican nomination and take on President Barack Obama next year, made similar comments elsewhere in Florida on Saturday, drawing some laughs from her audience.

When the remarks began drawing attention, she went into damage control. “Of course I was being humorous when I said that. It would be absurd to think it was anything else,” Bachmann said on Monday on a campaign stop in Miami. “I am a person who loves humour, I have a great sense of humour.”

via Michele Bachmann’s hurricane comments were only a joke, she says | World news | The Guardian.

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Some GOP Donors Think Bachmann is Jewish

What the hell????

Don’t these folks read anything?  Or at least watch television? How can they not know Michele Bachmann is a crazed, Right-Wing, Evangelical Christian nutcase?

Of course if these folks are donating to the GOP they have to be either nuts themselves or Rich and selfish or ignorant anyway….

Some Jewish donors are telling fundraisers for Mitt Romney that while they like him, they’d rather open their wallets for the “Jewish candidate,” Michele Bachmann, who they don’t realize is actually a Lutheran, the New York Post reports.

“Some in Romney’s camp have been wondering whether Bachmann and her allies are pushing the ‘Jewish’ rumor to help their own fund-raising… She has enjoyed strong popularity among Jewish voters and often talks about her stay on a kibbutz during the summer of 1974, when she was a teenager.”

via Some Donors Think Bachmann is Jewish.

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Never-fail prediction system shows 2012 win for Obama

Very interesting article from RawStory.com

Nothing is a sure thing, but I’ll take anything that eases my fear of a GOP win!  I can’t imagine what they would do to the country if they were to be back in control of the Presidency at this point.  They are even crazier now than during the Bush years.

No matter what issues we may have with President Obama or his leadership style, he is by far the best option- for Democrats and the Country.

 

American University professor Allan Lichtman is on a winning streak spanning nearly three decades — one that President Barack Obama might have an interest in seeing Lichtman extend.

Lichtman created a formula that has correctly predicted the winner of each election since 1984, beginning with the reelection of President Ronald Reagan, U.S. News and World Report reported. The formula that predicted Obama’s 2008 win is again showing that the incumbent president will win the election, despite the term-low approval rating Obama has been maintaining for past weeks.

“Even if I am being conservative, I don’t see how Obama can lose,” Lichtman said.

His model, described in his book The Keys to the White House, relies on 13 “keys” that gauge the performance of the sitting president’s party. If six or more of these aspects are in the party’s favor, the candidate they present will win.

Nine of the keys fall in Obama’s favor, Lichtman said — more than enough for reelection.

Created in 1981 and first tested against the 1984 election, Lichtman’s model hasn’t failed yet.

Even in 1992, when President George H.W. Bush was riding a wave of popularity and widely expected to win, Lichtman thought otherwise.

“I got a call from this woman with a thick southern drawl,” Lichtman said. “It was Clinton’s special assistant. She wanted to know if it was true that a Democrat could win. I assured her it was and I sent Clinton a copy of my book and a memo and the rest is history.”

via Never-fail prediction system shows 2012 win for Obama | The Raw Story.

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Why Republicans Might Demand Hurricane Relief Be Paid For With More Program Cuts

I do hope people are paying attention to these Republicans.  Some of them are even arguing the Federal Government should have NO role in disaster cleanup and that it’s a “state” issue.

I somehow don’t think most Americans- and even Republican Governors- will agree with that stance.

This is unheard of-debating whether we can afford to respond to natural disasters. And frankly, I think, totally contrary to the “American” and “Christian” principles of “helping your neighbor” these guys traditionally espouse.

It will be interesting to see how this plays out…..

From TalkingPointsMemeo.com:

When a massive tornado obliterated the town of Joplin, Missouri earlier this year, House Majority Leader Eric Cantor (R-VA) told reporters that if the disaster ultimately required the government to step in and provide aid, it would have to be offset by cutting spending on other federal programs.

“If there is support for a supplemental, it would be accompanied by support for having pay-fors to that supplemental,” he said, using the anodyne language of budget policy.

Three months later, when a modest earthquake struck the town of Mineral, Virginia in his own district, and caused minor, but widespread damage along the eastern seaboard, Cantor upheld the standard. Congress, he said, “will find the monies” to help victims, but that “those monies will be offset with appropriate savings or cost-cutting elsewhere.”

Now, in the wake of Hurricane Irene — a much costlier natural disaster — Cantor may make the same demand, which could touch off a bitter fight on Capitol Hill.

“We aren’t going to speculate on damage before it happens, period,” his staff told me Thursday when I asked about the impending storm. “But, as you know, Eric has consistently said that additional funds for federal disaster relief ought to be offset with spending cuts.”

This is a big problem. The budget is already stretched very thin, and even Cantor has asked his members not to provoke another fight about cutting spending beyond its already agreed-upon levels. And if clean-up costs reach into the billions, paying for it by cutting spending will damage other important services, despite the fact that the usual standard is to not use natural disasters as political bargaining chips.

Three things are going on here by my count. First, Republicans have learned an obvious lesson since they retook the House — that they can control the agenda in Washington, and put popular government programs under attack, if and only if they have some leverage over Democrats to play along. The government shutdown fight in April was their first victory. The debt limit showdown was their piece de resistance.

Second, there are political pitfalls to this approach, particularly when it requires Republicans to publicly stake out specific positions. Cutting government spending might focus group well, but privatizing Medicare does not, as Republicans learned quite painfully earlier this year. This augurs for slashing spending in nebulous ways — capping discretionary spending, and spreading the cuts out across myriad federal programs; or promising to “find monies” in the budget to offset new expenses. Death by a thousand, invisible cuts.

Third, the right flank of the Republican party expects no less. In 2005, after Hurricane Katrina devastated southern Louisiana, Cantor’s predecessor, Rep. Tom DeLay (R-TX) claimed Republicans had pared discretionary spending back enough that federal aid could be financed with new debt. He came under attack from members of his own party and quickly reversed himself. Looks like Cantor learned his lesson.

But it’s a difficult line to walk. Part of what made Republican victories in the shutdown and debt limit fights plausible was a logical veneer that doesn’t exist here. “We spend too much money on government programs,” Republicans basically argued, “so we won’t fund the government unless we impose discipline.” Another line was, in effect: “The national debt has skyrocketed, so we won’t allow the government to incur more of it unless steps are taken to hold down its growth.” When you drilled into these arguments, they crumbled, but at a glance they were quite plausible.

That’s not the case after a natural disaster. And if there’s a loud cry for federal aid once the damage is assessed, Cantor’s position will probably prove unsustainable.

via Why Republicans Might Demand Hurricane Relief Be Paid For With More Program Cuts | TPMDC.

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Republican Senator Makes Excuse For Explicit Nude Photo

Here we go again….

From The Advocate.com:

Republican Puerto Rican senator Roberto Arango won’t say he didn’t take a very explicit nude photo that has surfaced on his alleged profile on gay hookup site Grindr, reports Gawker.

Arango hasn’t confirmed or denied that he took the photo or that the Grindr profile belongs to him. “You know I’ve been losing weight,” Aango says. “As I shed that weight, I’ve been taking pictures. I don’t remember taking this particular picture but I’m not gonna say I didn’t take it. I’d tell you if I remembered taking the picture but I don’t.”

Arango, who is a member of the Puerto Rican Senate, was vice-chair to George W. Bush’s 2004 Puerto Rico campaign

via Republican Senator Makes Excuse For Explicit Nude Photo on Grindr | News | The Advocate.

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Condoleezza Rice: Gadhafi Pin-up Girl?

No Comment….

From MSNBC

In the ruins of Gadhafi’s lair, rebels find album filled with photos of his ‘darling’ Condoleezza Rice

“Deeply bizarre and deeply creepy.”

That’s how the State Department is describing a surprising find inside the compound of Libyan leader Moammar Gadhafi: a photo album with pictures of Condoleezza Rice.

Rebel fighters who ransacked Gadhafi’s Bab al-Aziziya compound have been turning up some bizarre loot, including the Libyan leader’s eccentric fashion accessories and his daughter’s golden mermaid couch. The latest discovery is a photo album filled with page after page of pictures of Rice, the former secretary of state who visited Tripoli in 2008.

via PhotoBlog – In the ruins of Gadhafi’s lair, rebels find album filled with photos of his ‘darling’ Condoleezza Rice.

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Glenn Beck: Jewish People ‘Drive Me Out Of My Mind’ With Their Constant Talking

I see he’s still making friends everywhere he goes….

I can’t believe anyone thinks he’s not a bigoted fool….

I bet he says some of his best friends are Jewish….

From the Huffington Post, who has the audio at the link:

Glenn Beck was in South Africa on Thursday, fresh off his “Restoring Courage” event in Israel. He understandably spent his Thursday show recapping and reflecting on the multi-day extravaganza he had just pulled off.

Beck said that some people who were slated to perform at the controversial event had had to pull out.

“The reason why they canceled is because they were under death threat,” he said. “…I don’t blame them for [canceling] at all.”

Beck also said he had been overwhelmed by one aspect of his trip. “I love the Israelis, he said. “I love the Jewish people. But they drive me out of my mind when they talk over each other. They’re constantly talking!”

Beck compared being around Jews in Israel to a family that had eight children. “Eating dinner at their house was like having dinner in Israel,” he said. “Everybody is just talking at the same time, you can’t even think!”

via Glenn Beck: Jewish People ‘Drive Me Out Of My Mind’ With Their Constant Talking (AUDIO).

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Peter Kinder, Missouri Republican Lt. Governor, Embroiled In Stripper Scandal

Don’t you just love those fiscally Conservative, Family Values Tea Party Republicans?

I think this guy just heard the “party” part….

Hypocrites….

Click the HuffingtonPost link to see the video:

 

Peter Kinder, the Lieutenant Governor of Missouri, is at the center of racy allegations.

St Louis area stripper Tammy Chapman says that Kinder pursued an inappropriate relationship with her, and was a regular at a local strip bar.

Kinder is a single man, but as a Tea Party-backed political, the revelations do little to endear him to that conservative group.

The L.A. Times reports that some of Kinder’s political allies have deserted him.

Southwest Missouri GOP committeeman Tim Garrison also withdrew support for Kinder, saying Kinder’s claim that he only stopped by the pantless bar to use the bathroom “do not pass the laugh test,” according to a letter obtained by the Post-Dispatch. Kinder says he has not been to a strip club in 10 years, but that didn’t sway Garrison.

via Peter Kinder, Missouri Lt. Governor, Embroiled In Stripper Scandal (VIDEO).

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