"It is the common fate of the indolent to see their rights become a prey to the active. The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is at once the consequence of his crime and the punishment of his guilt." -- JP Curran, 1790

Monday, October 20, 2008

Obama en Masse

Need legal help? Call 1-800-OBAMA. BO is assembling the U.S.'s largest Law Firm to "monitor" elections. Reality is that they will be geared up to respond to all of the voter fraud charges sure to come, ahem ACORN!

You may ask how he can afford to pay the greedy lawyers, by skirting campaign finance of course!! Realize that BO is on pace to have raised more that President Bush & John Kerry in 2004, COMBINED!!!

UPDATED: More on the BO campaign finances: http://www.realclearpolitics.com/articles/2008/10/the_buying_of_the_presidency_2.html

Where is the media scrutiny or even questions? You heard all about Bush's record breaking financing in 2000 and 2004. The only person that I've heard ask the question "Is Barack buying this election?" has been Newt Gingrich. You should all read his comments from the roundtable on ThisWeek from this past weekend. He was the only one who didn't want to speculate on Barack's transition plans but rather talk about the rest of the election.

A couple of points from Newt:

  1. Look at Reagan's performance in 1980, with very limited resources, when he stayed on the socialism of Jimmy Carter for 2 weeks. It changed the momentum of that election.
  2. The proposed "2nd stimulus package" from Reid/Pelosi would add approx. $1.5T in spending. What impact will adding $1.5T into the market do to inflation??
  3. By BO's definition, the ceiling for Middle Class is making less than $250K. He won't tell us what the floor is because he hasn't promised to not raise taxes on the sub-Middle Class. But by the ceiling definition, only 2% of the U.S. population is above the Middle Class. Their Federal tax rate alone is already 38%. Add in State and local taxes and its is currently as high as 65% depending on where you live. The point is that BO potential growth of revenue is limited unless he breaks his pledge on the $250K mark.
  4. A follow-on to #3. Look at CA. Billions of lost revenue this past year can be attributed to a hand full of individuals who have moved their income out-of-state. A return to Jimmy Carter's 90% tax on upper income people will cause the same off-shoring to tax havens.

Signing off...JCB

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