In Memory of Carol Ann

Dedicated to Erin Elizabeth and Deanna Carol


Any society that would give up a little liberty for a little security deserves neither and will lose both.

Benjamin Franklin.













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Friday, July 20, 2012

Obama steps in it and Romney punts on taxes

President Barack Obama really stepped in a pile this week. In a speech in Roanoke, Va  Obama spoke to a crowd  gathered that will forever be remembered as "You didn't build that". Sound bites from his speech are seen below on this blog. We will call it the Roanoke Address.
The gist of his rant is heaped in no man is an island and therefore we all depend on each other along the way. Most logical people would agree. Most would not agree we do not and should not depend on the government for anything. The government is only empowered to return what was ours originally.
I thought it important enough to read the White House transcript of the speech in Virginia. Much was said and most of it historical flag waving. Historical but the last 4 years is left out.

White House Transcript:
If you were successful, somebody along the line gave you some help.  There was a great teacher somewhere in your life.  Somebody helped to create this unbelievable American system that we have that allowed you to thrive.  Somebody invested in roads and bridges.  If you’ve got a business -- you didn’t build that.  Somebody else made that happen.  The Internet didn’t get invented on its own.  Government research created the Internet so that all the companies could make money off the Internet.

Mitoosense:
As you can see the quote "you didn't build that" is unclear if he refers to building roads and bridges or If you have a business. If Obama is referring to roads and bridges then Obama is wrong. simply because you did not pay for every road and bridge does not indicate your a free loader. If you ever bought a gallon of gas or tires for your car, license plates etc you paid for same. One thing that is certain government never built a road or bridge or Internet. Every asset of the government came from We the People. This is central to most of the misunderstanding of bureaucrats. They take it from us but it returns as a gift and always with strings attached.
If Obama is referring to your business then he still very wrong. Every business is burdened with License, Fees and Permits. Obama has been taking for so long he has lost sight of those who put in the coffers.
There are many ways to give back and the worst is to give it to a politician. Obama had his turn to bat and its time to let another hitter in the Oval Office. Glad you killed Bin Laden great job, but not a single banker in jail and Obama Care is employer based Oligopoly nightmare.
Obama mentions the leadership and sacrifice of those who served in World War Two. When you compare 1945 to 2012 the first issue you will remember is Commercial Banks and Investment Banks and Insurance and Stock Brokerage were firewalled in the Glass Steagall Act 1934. Comparison is impossible because in 1945 we were on the Gold Standard of Bretton Woods. One Hundred years ago Teddy Roosevelt was busy passing legislation to stop 2big2fail and TARP from ever occurring. The advancement made by Muckrackers in early 1900 lasted until we entered the global unfair trade markets that have brought an immediate return of the Gilded Age and Robber Barons Something for you to chew on Mr President.

This week has not been good for Mitt Romney either. It  seems Romney has a bit of a gaffe of his own. When he reported to the American people he left Bain Capital he was filing forms with the SEC he was sole owner and CEO at Bain. The period in question was for three years of filings. The Romney taxes would certainly clear up the discrepancy in the Romney/Bain memory banks. He is no doubt a liar! About what we're not really sure. The Romney Campaign is steadfast in not releasing any further tax information. I think a bit silly cuze I would vote him in to get Obama out if he were the Anti Christ. That's just me though.
We can see a definitive clear divide in the candidates ideology. Obama wants to raise taxes on the rich and Romney will offer even further tax cuts to the wealthy. I prefer to overhaul the tax system and eliminate the divides between business and citizens and charge everyone a flat rate that pays the bills. Eliminate the IRS having the Bankers deduct money from all transfers, pay in the Social Security etc and skip employer based deductions completely. Business owner is no longer the whipping boy of the IRS and not responsible for checking citizenship of employees. No more April 15, deadlines and tax prisons.
The bankers are the 4th covert branch of government anyway, they have the resources to instantly to decipher deductions determine citizenship and pay the government. Special Interest lobbyist will vanish. We hope.
Mitoosense does not wish to offend either party. You can vote for either party. I'm voting for Gary Johnson and pray for the best. These guys above are both out.

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