Obama Speech Bullshit Bingo

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Obama’s SOTU speech summary

It’s Bush’s fault and I’m doubling down on my failed “Health Care” (i.e. bailout for insurance companies & big pharm) and the job killing “Cap & Tax” bill that the American people have clearly stated they are against.

All Original material is copyright © Mark Urbin

Obama forgot Option #3

Yup, Option #3 looks like the right one. Charles Krauthammer also nails the utter cluelessness of the democrats in the wake of the recent miracle in Massachusetts.

To recap the video, Mr. Krauthammer states that our Dear Leader left out option #3 when discussing how his term in office will be seen. His record so far is one of mediocrity at best, and he doesn’t show any indication of improvement. So, he will probably be a mediocre one term President, with ratings that high only because of a fawning press.

Originally published at the Urbin Report.

All Original material is copyright © Mark Urbin

Quote of the Day

“It’s not that the democrats are playing checkers and the Republicans are playing Chess. It’s that the Republicans are playing Chess and the democrats are in the Nurse’s office because once again they have glued their balls to their thighs.”

— Comedy Central’s Jon Stewart

So Stewart is saying that the Republicans won in Massachusetts because the democrats not only dropped the ball, they dug a hole and buried it.

One of the key factors in the democrat’s success in the 2008 and 2006 elections was the Republicans going out of their way to piss off their core voters.

So, political victory appears not to depend on the excellence of one party over the other, but the greater incompetence of their opponents.

All Original material is copyright © Mark Urbin

Taxs found so far in the 1900+ page democrat "heath care" bill

If you thought Health Care was expensive now, just wait until it is “free.”
Here is a list of the new taxes you will be paying found so far:

Employer Mandate Excise Tax (Page 275): If an employer does not pay 72.5 percent of a single employee’s health premium (65 percent of a family employee), the employer must pay an excise tax equal to 8 percent of average wages. Small employers (measured by payroll size) have smaller payroll tax rates of 0 percent (<$500,000), 2 percent ($500,000-$585,000), 4 percent ($585,000-$670,000), and 6 percent ($670,000-$750,000).

Individual Mandate Surtax (Page 296): If an individual fails to obtain qualifying coverage, he must pay an income surtax equal to the lesser of 2.5 percent of modified adjusted gross income (MAGI) or the average premium. MAGI adds back in the foreign earned income exclusion and municipal bond interest.

Medicine Cabinet Tax (Page 324): Non-prescription medications would no longer be able to be purchased from health savings accounts (HSAs), flexible spending accounts (FSAs), or health reimbursement arrangements (HRAs). Insulin excepted.

Cap on FSAs (Page 325): FSAs would face an annual cap of $2500 (currently uncapped).

Increased Additional Tax on Non-Qualified HSA Distributions (Page 326): Non-qualified distributions from HSAs would face an additional tax of 20 percent (current law is 10 percent). This disadvantages HSAs relative to other tax-free accounts (e.g. IRAs, 401(k)s, 529 plans, etc.)

Denial of Tax Deduction for Employer Health Plans Coordinating with Medicare Part D (Page 327): This would further erode private sector participation in delivery of Medicare services.

Surtax on Individuals and Small Businesses (Page 336): Imposes an income surtax of 5.4 percent on MAGI over $500,000 ($1 million married filing jointly). MAGI adds back in the itemized deduction for margin loan interest. This would raise the top marginal tax rate in 2011 from 39.6 percent under current law to 45 percent—a new effective top rate.

Excise Tax on Medical Devices (Page 339): Imposes a new excise tax on medical device manufacturers equal to 2.5 percent of the wholesale price. It excludes retail sales and unspecified medical devices sold to the general public.

Corporate 1099-MISC Information Reporting (Page 344): Requires that 1099-MISC forms be issued to corporations as well as persons for trade or business payments. Current law limits to just persons for small business compliance complexity reasons. Also expands reporting to exchanges of property.

Delay in Worldwide Allocation of Interest (Page 345): Delays for nine years the worldwide allocation of interest, a corporate tax relief provision from the American Jobs Creation Act

Limitation on Tax Treaty Benefits for Certain Payments (Page 346): Increases taxes on U.S. employers with overseas operations looking to avoid double taxation of earnings.

Codification of the “Economic Substance Doctrine” (Page 349): Empowers the IRS to disallow a perfectly legal tax deduction or other tax relief merely because the IRS deems that the motive of the taxpayer was not primarily business-related.

Application of “More Likely Than Not” Rule (Page 357): Publicly-traded partnerships and corporations with annual gross receipts in excess of $100 million have raised standards on penalties. If there is a tax underpayment by these taxpayers, they must be able to prove that the estimated tax paid would have more likely than not been sufficient to cover final tax liability.

All Original material is copyright © Mark Urbin

You can’t spell Oligarch without the Czars

All Original material is copyright © Mark Urbin

In Memoriam

40 years after her senseless and tragic death, Remembering Mary Jo Kopechne.

All Original material is copyright © Mark Urbin

A new meme cropping up…

Liberal Media Screams Hysterically About Depiction of President as The Joker.

Whiny hypocritical bitches.

Originally posted at No Moss Here.

Oh yea, Professor Reynolds was right.

All Original material is copyright © Mark Urbin

Obama’s Dismal Failure

The democrat’s “stimulus” bill has been proven to be what it was labeled when it was rammed through congress and down the throats of the American people, a “porkulus” bill. It was supposed to boost the economy, but has had the predictable, opposite effect.

House Republicans, attempting to regain the mantel of fiscal responsibility after screwing that pooch, point out the failure of the democrats porkulus sceme

“The report we got from the Department of Transportation is dated July 3rd,” said Mica at the Capitol Hill press conference. “It indicates how much money of the $48 billion [allocated to the Transportation Department] they have control over has gone out — that’s $523 million – 1 percent, approximately 1 percent. And the top 10 states of unemployment, our leading states, including the District of Columbia, only $83 million has gone out to those states.”

“This stimulus package was sold to the country as being an infrastructure bill,” said Rep. John ‘Jimmy’ Duncan (R-Tenn.), “and yet only somewhere between 7 and 8 percent of it was aimed at or provided for infrastructure in the first place.”
…
“Remember, the stimulus promised 3.5 million jobs was being created, and yet 2 million jobs – additional lost jobs – have been lost. Dismal failure.”

“The stimulus promised,” said Diaz-Balart, “and we were told that in the budget committee and we were told that publicly by the administration, that unemployment would not go above 8 percent if that stimulus passed. Look at the numbers now.”

Of course the democrat’s porkulus bill isn’t helping the economy. That isn’t what it was intended to do. The goal of the Obama administration is not to fix the economy, but to fundamentally change the role of government in the United States of America.

Originally posted at the Urbin Report

All Original material is copyright © Mark Urbin

Presidential Comparisons

Liberal democrat reporter Helen Thomas say Barack Hussein Obama is worse than Nixon in his attempts to control the press.

Our Dear Leader is also out to prove that he wants to be worse than Jimmy Carter.

All Original material is copyright © Mark Urbin