Archive for the ‘Election 2012’ Category
One point that I absolutely must make is this– after December 31st,
– Income tax rates are going up
– Capital gains rates are going up
– Rates on dividends are going up
– Estate and gift tax exclusions are going down. Dramatically.
If you are a US taxpayer, you now have 53 days to get your tax affairs in order.
Posted October 30, 2012on:
I am amazed at how many Christians I read about and hear of that are planning to vote for Romney because he is a Republican or the lesser of two evils. Voting for Romney is evil. It doesn’t matter who is running for the Democrats. Voting for Romney is still evil. If Hitler himself were the Democratic nominee, voting for Romney would still be evil. Even if Romney is less evil than Obama (a very dubious assertion), voting for Romney would still be evil. As a Christian, I won’t vote for evil because the Bible says: “Thou shalt not follow a multitude to do evil” (Exodus 23:2).
Source: LRC Blog
RESTORE OUR FUTURE
Total raised as of Sept. 30: $110.5 million – supports Republican presidential candidate Mitt Romney
Bob Perry – Houston builder who was a major donor to Swift Boat Veterans for Truth, a group that helped undermine 2004 Democratic presidential nominee John Kerry by attacking his Vietnam War record. Total donations: $10 million
Sheldon Adelson – billionaire Las Vegas casino magnate who built the Venetian hotel and casino. Donation: $5 million
Miriam Adelson – Sheldon’s wife. Donation: $5 million
Bill Koch – brother of conservative financiers David and Charles Koch. He runs Oxbow Carbon, a Florida-based firm that is also a donor and shares its address with another contributor, Huron Carbon. Total donations, including through firms: $4 million
Steven Lund – runs Nu Skin, a Utah skin care and cosmetics company whose former executives have been linked to two other firms that share an address in Provo, Utah, and donated to the Super PAC: F8 LLC and Eli Publishing. Lund’s wife Kalleen is also a donor. Total donations from the Lunds and firms: $3 million
Julian Robertson – hedge fund industry legend at Tiger Management. Total donations: $1.3 million
Crow Holdings – Dallas-based investment firm managing the wealth of the family of the late Dallas real estate mogul Trammell Crow, whose sons Harlan and Trammell S. Crow are also donors. Total Crow Holdings and Crow donations: $1.3 million
Harold Simmons – billionaire Dallas banker and CEO of Contran Corp who has contributed to PACs supporting Rick Perry and Newt Gingrich. Donations: $1.3 million
Frank VanderSloot – Idaho businessman who runs the nutritional and cosmetics company Melaleuca. The firm and its subsidiaries have also donated. Total donations: $1.1 million
The Villages of Lake Sumter – a community in Florida run by billionaire Gary Morse, who is also a donor alongside his wife Renee and their several children. Along with the Morse family, thirteen companies controlled wholly or partially by Morse that share an address in The Villages have also contributed. Total donations of all: $1.7 million.
Kenneth Griffin – Chicago-based hedge fund manager and CEO of Citadel LLC. Total donations: $1.1 million
Bob Parsons – billionaire founder of web hosting giant Go Daddy. Donation: $1 million
Jim Davis – chairman of New Balance Athletic Shoes Inc. Donations: $1 million
Stanley Herzog – CEO of Missouri-based Herzon Contracting Corp. Donation: $1 million
Bruce Kovner – billonaire hedge fund manager at Caxton Alternative Management. Donation: $1 million
Rocco Ortenzio – Pennsylvania healthcare executive and founder of Select Medical Corp. Total donations: $1 million
John Childs – founder of private equity firm J.W. Childs Associates LP in Florida. Donation: $1 million
Edward Conard – a New York investor and former executive at Bain Capital, a private equity firm co-founded by Romney. Donation: $1 million
John Kleinheinz – Texas hedge fund manager for Kleinheinz Capital Partners Inc. Donation: $1 million
J.W. Marriott Jr. – chairman and CEO of Marriott International, brother of Richard. Total donations: $1 million
Richard Marriott – chairman of Host Marriott International. Total donations: $1 million
Robert McNair – owner of the Houston Texans football team. Donation: $1 million.
Robert Mercer – New York hedge fund manager at Renaissance Technologies. Donation: $1 million
John Paulson – a prominent New York hedge fund manager at Paulson and Co. Donation: $1 million
Rooney Holdings Inc – private investment firm formed in 1980s to acquire the Manhattan Construction Co. and has since expanded into many areas. Total donations: $1 million
Paul Singer – hedge fund manager who helped fund efforts to legalize gay marriage in New York. Donation: $1 million
Paul and Sandra Edgerly – Paul Edgerly of Brookline, Massachusetts, is an executive at Bain. The Edgerlys each have given $500,000. Total donations: $1 million
Steven Webster – private equity executive at Avista Capital in Houston. Total donations: $1 million
Robert Brockman – executive at Reynolds and Reynolds, a Dayton, Ohio-based car dealership support company that shares a P.O. Box with CRC Information Systems Inc, Fairbanks Properties LLC and Waterbury Properties LLC, which split the donation three ways. Total donations: $1 million
Miguel Fernandez – chairman of MBF Healthcare Partners, a private equity firm. MBF Family Investments also donated to the Super PAC. Total donations: $1 million
Renco Group Inc. – owned by New York billionaire Ira Rennert, another frequent contributor to Republicans this year. Donation: $1 million
OdysseyRe Holdings Corp – reinsurance underwriting company in Stamford, Connecticut that is a U.S. subsidiary of Toronto-based Fairfax Financial. Donation: $1 million
PRIORITIES USA ACTION
Total raised as of Sept. 30: $50.1 million – supports Democratic President Barack Obama
James Simons – billionaire hedge fund manager, founder of Renaissance Technologies Corp. Donation: $3.5 million
Fred Eychaner – founder of Newsweb Corp. Donation: $3.5 million
Jeff Katzenberg – chief executive of DreamWorks Animation. Donation: $3 million
Steve Mostyn – Houston attorney. Donation: $2 million
Irwin Mark Jacobs – former CEO of Qualcomm Inc. Donation: $2 million
Jon Stryker – billionaire activist and heir to the medical supply company fortune of his grandfather. Donation: $2 million
Anne Cox Chambers – billionaire daughter of James M. Cox, founder of Cox Enterprises. Total donations: $1.5 million
National Air Traffic Controllers Association – union representing more than 16,000 workers. Donation: $1.3 million
S. Daniel Abraham – billionaire creator of Slim-Fast brand, chairman of S. Daniel Abraham Center for Middle East Peace. Donation: $1.2 million
Barbara Stiefel – retiree in Coral Gables, Florida. Donation: $1.1 million
United Auto Workers – Donations through various funds: $1.1 million
Kareem Ahmed – chief executive at Landmark Medical Management in California. Donation: $1 million
David Boies, Jr – New York lawyer. Donation: $1 million
Morgan Freeman – Hollywood actor. Donation: $1 million
Amy Goldman – writer and heiress to the New York real estate fortune of Sol Goldman. Donation: $1 million
Franklin Haney – owner and CEO of FLH Company, a Washington-based real estate company. Donation: $1 million
Bill Maher – stand-up comedian. Donation: $1 million
Mel Heifetz – real estate developer and gay activist. Donation: $1 million
Michael Snow – Minnesota lawyer. Donation: $1 million.
Steven Spielberg – film director. Donation: $1 million.
Ann Wyckoff – Seattle philanthropist. $1 million.
Service Employees International Union Committee on Political Education – union representing more than 2 million workers. Donation: $1 million.
United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry – union representing some 340,000 workers. Total donations: $1 million
Total raised as of Sept. 30: $68 million – supports Republican candidates for federal offices
Harold Simmons – Total donations together with Contran Corp: $15.5 million
Bob Perry – Total donations: $6.5 million
Robert Rowling – an Irving, Texas, businessman and a conservative and active Republican donor. His company, TRT Holdings Inc, which runs Omni Hotel and Gold’s Gym chains, is also a donor. Total donations: $4 million
Joe Craft – billionaire coal executive from Tulsa, Oklahoma, and CEO of Alliance Holdings, which is also a donor. Total donations: $2.1 million
Jerry Perenchio Living Trust – a trust of billionaire television tycoon A. Jerrold Perenchio, who is a former chairman of Spanish-language broadcaster Univision. Donation: $2 million
Crow Holdings – Dallas-based real estate investment firm. Total donations: $1.5 million
Weaver Holdings and Weaver Popcorn – Indiana-based company specializing in popcorn. Total contributions: $1.9 million
Stephens Inc – a Little Rock, Arkansas, broker dealer. Total donations: $1.3 million
Armstrong Group – telecommunications conglomerate in Pennsylvania. Donation: $1.3 million
JWC III Revocable Trust – Donatoin: $1.3 million
Robert Brockman – executive at Ohio-based Reynolds and Reynolds. Similarly to Restore Our Future, three firms sharing a P.O. Box – CRC Information Systems Inc, Fairbanks Properties LLC and Waterbury Properties LLC – split the donation three ways. Total donations: $1 million
Whiteco Industries – Indiana-based company involved in advertising, construction, entertainment and hotels. Donation: $1 million
The Mercury Trust – entity linked to California private equity firm of Saul Fox. Donation: $1 million
Clayton Williams Energy Inc – Midland, Texas-based drilling company. Donation: $1 million
Jay Bergman – of PETCO Petroleum Corporation. Donation: $1 million
Kenneth Griffin – Citadel Investment Group chief executive. Total donations: $1 million
Wayne Hughes – Founder of Public Storage. Total donations: $1 million
John Childs – Chairman and CEO of Boston-based JW Childs Associates. Total donations: $1 million
Philip Geier – New York executive. Total donations: $1 million
Irving Moskowitz – a Florida bingo magnate who runs a charity in California and is known for his support of Jewish settlers in East Jerusalem. Donation: $1 million
Robert Mercer – co-CEO of hedge fund Renaissance Technologies. Donation: $1 million
BARACK OBAMA (Democrat)
Total raised, including transfers: $609.4 million
Raised in September, including transfers: $136.2 million
Total transferred from the funds jointly used by the campaign and the Democratic Party: $176.6 million
Transferred in September: $39.8 million
Total spent: $469.9 million
Spent in September: $111.4 million
Cash on hand: $99.3 million
Debt: $2.6 million
DEMOCRATIC NATIONAL COMMITTEE
Total raised: $253.6 million
Raised in September: $20.3 million
Total transferred in: $108.4 million
Transferred in September: $4.0 million
Total spent: $261.6 million
Spent in September: $22.8 million
Cash on hand: $4.6 million
Debt: $20.5 million
OBAMA VICTORY FUND 2012 (The main joint Obama/DNC fund)
Total raised: $371.1 million
Raised in September: $80.0 million
Cash on hand: $45.2 million
MITT ROMNEY (Republican)
Total raised, including transfers: $337.2 million
Raised in September, including transfers: $76.2 million
Total transferred from the funds jointly used by the party and the Romney campaign: $236.4 million
Transferred in September: $34.2 million
Total spent: $298.2 million
Spent in September: $54.7 million
Cash on hand: $63.1 million
Debt: $5.0 million
REPUBLICAN NATIONAL COMMITTEE
Total raised: $331.2 million
Raised in September: $48.4 million
Total transferred in: $127.5 million
Transferred in September: $28.6 million
Total spent: $249.4 million
Spent in September: $42.4 million
Cash on hand: $82.6 million
Debt: $9.9 million
ROMNEY VICTORY INC (Joint Romney/RNC fund – third quarter, July through Sept.)
Total raised: $375.6 million
Raised in third quarter: $235.2 million
Cash on hand: $37.4 million
Appendix: SUPER PACS:
RESTORE OUR FUTURE, a Super PAC supporting Romney
Total raised: $110.5 million
Raised in September: $14.8 million
Total spent: $94.9 million
Spent in September: $4.6 million
Cash on hand: $16.6 million
PRIORITIES USA, a Super PAC supporting Obama
Total raised: $50.1 million
Raised in September: $15.3 million
Total spent: $43.6 million
Spent in September: $12.8 million
Cash on hand: $7.3 million
AMERICAN CROSSROADS, a Super PAC supporting Republicans
Total raised: $68.0 million
Raised in September: $11.4 million
Total spent: $53.4 million
Spent in September: $27.9 million
Cash on hand: $15.8 million
Source: Zero Hedge
In the wake of the Treasury Department’s newly released summary of federal spending for 2012, it’s now possible to detail just how profligate the Obama years have been. Here’s the upshot: Under Obama, for every $7 we’ve had, we’ve spent nearly $11 (or, to be more exact, $10.95). That’s like a family that makes $70,000 a year — and is already knee-deep in debt — blowing nearly $110,000 a year.
To illustrate this a bit differently, for every Jackson ($20) we’ve had available to spend under Obama, we’ve also borrowed a Hamilton ($10) and a Washington ($1) and spent those too. The only thing is that, under Obama, we’ve (literally) spent the equivalent of 342 billion Jacksons, 342 billion Hamiltons, and 342 billion Washingtons — borrowing all of the Hamiltons and Washingtons.
Let’s take a look at the scorecard, based on official government figures. In fiscal year 2012 (which ended on September 30), the federal government acquired $2.449 trillion in tax revenue and other receipts. It spent $3.538 trillion — 44 percent more than it had available to spend. The resulting deficit was $1.089 trillion.
In fiscal year 2011 (see table S-1), the federal government acquired $2.303 trillion in tax revenues and other receipts. It spent $3.603 trillion — 56 percent more than it had available to spend. The resulting deficit was $1.3 trillion.
In fiscal year 2010 (see table S-1), the federal government acquired $2.163 trillion in tax revenues and other receipts. It spent $3.456 trillion — 60 percent more than it had available to spend. The resulting deficit was $1.293 trillion.
In fiscal year 2009 — which was, for the most part, President Bush’s fiscal year (his final one) — Obama’s economic “stimulus” added $183 billion (see table 1-2) to the deficit (it would add far more in future years), on top of the deficit that we were already running that year under Bush.
So in all, under Obama, the federal government has acquired $6.846 trillion in tax revenues and other receipts, and it has spent $10.711 trillion — 56 percent more than it has had available to spend.
Moreover, Obama has amassed this historic record of fiscal profligacy even before his centerpiece legislation has really taken effect. If it’s not repealed first, the colossally expensive Obamacare is poised to present grave new challenges to our fiscal solvency — and to our liberty — once it would become a reality on these shores in early 2014.
With one fiscal year of this 7-Eleven presidency still to come (regardless of the outcome on Election Day, fiscal year 2013 will belong to Obama) — and with the specter of Obamacare looming — our national debt is now over $16 trillion. That’s more than $6 trillion higher (see table S-9) than it was during the first presidential debate of 2008, when Obama bemoaned what he called the “orgy of spending and enormous deficits” under Bush.
Yet Obama — who recently showed that he apparently has no idea how big our national debt is — amazingly says of that debt, “[W]e don’t have to worry about it short-term.” In other words, if you have $7, spend $11 — let future generations of Americans worry about it.
Source: Weekly Standard
Posted October 18, 2012on:
Actress Stacey Dash, who has starred in everything from the 90′s hit Clueless to CSI, prompted a firestorm on Twitter after publicly endorsing Republican nominee Mitt Romney, and then standing by her opinion.
“Vote for Romney. The only choice for your future. @mittromney @teamromney #mittromney #VOTE #voteromney,” Dash wrote on her official Twitter page, accompanied by a photo of herself with an American flag.
Not long after, presumed Obama supporters began insulting Dash for her opinion, saying she isn’t “black” enough, several even asking if the actress would just “kill herself.”
One man wrote: “This hurts but you a Romney lover and you slutting yourself to the white man only proves why no black man married u @REALStaceyDash.”
As news of Dash’s treatment spread, however, First Amendment-lovers nationwide began voicing their support for the actress using the hashtag #ISupportStaceyDash.
Twitchy captured some of the worst responses to Dash’s Romney endorsement (content warning):
Source: The Blaze