Perry Apologizes for "Heartless" Comment on In-state Tuition for Illegals

Herman Cain: Black community ‘brainwashed’ into voting for Dems

TRENDING: Cain: Black community ‘brainwashed’ into voting for Dems – CNN Political Ticker - CNN.com Blogs: ""African-Americans have been brainwashed into not being open minded, not even considering a conservative point of view," Godfather's Pizza executive Herman Cain said on CNN's "The Situation Room" in an interview airing Wednesday between 5-7 p.m. ET. "I have received some of that same vitriol simply because I am running for the Republican nomination as a conservative. So it's just brainwashing and people not being open minded, pure and simple."

Cain went on to explain that his interactions with African Americans led him to be optimistic about his own chances with the demographic.

"This whole notion that all African-Americans are not going to vote for Obama is not necessarily true," Cain said."


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NC Governor Perdue: Suspend Elections

Suspend Elections | Beverly Perdue | Audio | The Daily Caller: "“I think we ought to suspend, perhaps, elections for Congress for two years and just tell them we won’t hold it against them, whatever decisions they make, to just let them help this country recover,” Perdue said at a rotary club event in Cary, N.C., according to the Raleigh News & Observer. “I really hope that someone can agree with me on that.”"

Herman Cain Leads Republican Field In Zogby Poll

Herman Cain Leads Republican Field In Zogby Poll - HUMAN EVENTS: "A new Zogby poll puts Herman Cain at the top of the Republican field, as the top choice of 28% of poll respondents. (IBOPE Zogby International says the polling sample consists of “all likely voters and of likely Republican primary voters.”)

Rounding out the top three are Rick Perry at 18%, and Mitt Romney at 17%. Fourth place goes to Ron Paul at 11%. Paul’s the most solid performer in Zogby’s polling history for the 2012 GOP race – his 11% might as well be chiseled in stone.

Interestingly, this poll was conducted after the Orlando GOP debate, but before Cain won the Florida straw poll. It’s a huge surge for Cain, who was polling at 12% just two weeks previously, and was floating at a campaign low of 8% two weeks before that."

U.S. Government Used Taxpayer Funds To Buy, Sell Weapons During 'Fast And Furious,' Documents Show

U.S. Government Used Taxpayer Funds To Buy, Sell Weapons During 'Fast And Furious,' Documents Show | Fox News: "Not only did U.S. officials approve, allow and assist in the sale of more than 2,000 guns to the Sinaloa cartel -- the federal government used taxpayer money to buy semi-automatic weapons, sold them to criminals and then watched as the guns disappeared.

This disclosure, revealed in documents obtained by Fox News, could undermine the Department of Justice's previous defense that Operation Fast and Furious was a "botched" operation where agents simply "lost track" of weapons as they were transferred from one illegal buyer to another. Instead, it heightens the culpability of the federal government as Mexico, according to sources, has opened two criminal investigations into the operation that flooded their country with illegal weapons. "

Days Of Rage Over Affluence And Influence

Days Of Rage Over Affluence And Influence - Forbes: "Not that anyone noticed, but a pack of naïve college students and aging hippies trying to recapture their youth descended upon Wall Street last weekend. They targeted the ubiquitous villains, “Greed” and “Corruption” wishing to demolish a system unfairly favoring the “Rich.”

I agree.

Not with ousting capitalism, but implementing it. Washington ought to cease its incessant interventions, which betray the ideals of freedom and markets. Far too much collusion links Washington and Wall Street coddling those Jefferson deemed “moneyed interests.” Wealth shouldn’t manipulate government. It’s an abomination."

'via Blog this'

AP FACT CHECK: Are rich taxed less than secretaries?

You know Obama's divisive class warfare, Marxist rhetoric is in trouble when even AP catches him in his lies:  FACT CHECK: Are rich taxed less than secretaries? - Yahoo! News: "President Barack Obama says he wants to make sure millionaires are taxed at higher rates than their secretaries. The data say they already are.

"Warren Buffett's secretary shouldn't pay a higher tax rate than Warren Buffett. There is no justification for it," Obama said as he announced his deficit-reduction plan this week. "It is wrong that in the United States of America, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million."

On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.

The 10 percent of households with the highest incomes pay more than half of all federal taxes. They pay more than 70 percent of federal income taxes, according to the Congressional Budget Office."

Peter Schiff's Testimony Before Congress on Obama Jobs Bill 9/13/11

Peter Schiff's Testimony Before Congress 9/13/11 

Herman Cain: My Plan to Revive Economic Growth

Herman Cain: My Plan to Revive Economic Growth - WSJ.com: "The plan begins with restructuring the tax code to include the broadest possible base at the lowest possible rate. The elements are:

• A 9% corporate flat tax. Businesses would deduct purchases from other businesses and all capital investment. The resulting gross income is taxed at 9%.

• A 9% personal flat tax. Individuals would deduct charitable contributions, then pay 9% on the rest of their income. Capital gains are excluded.

• A 9% national sales tax. This levy would be placed on the consumption of all new goods. Used goods purchased would be excluded.

My plan would also permanently eliminate taxes on repatriated profits, as well as payroll taxes and the estate tax."

Michelle Obama whispers to Obama at 911 Event: All this just for the Flag and Shakes her head

If that is what she said, it's despicable, but believable considering her "never been proud of my country" comment. 

John Stossel: "Ponzi! Ponzi! Ponzi!"

RealClearPolitics - Ponzi! Ponzi! Ponzi!: "Twice the government has argued before the Supreme Court that Social Security is not insurance. In 1960, Health, Education and Welfare Secretary Arthur Sherwood Flemming submitted a brief to the courts stating: "The contribution exacted under the Social Security plan is a true tax. It is not comparable to a premium promising the payment of an annuity commencing at a designated age."

In a ruling that denied a man's property claim to Social Security benefits, the Supreme Court said, "It is apparent that the noncontractual interest of an employee covered by the Act cannot be soundly analogized to that of the holder of an annuity, whose right to benefits is bottomed on his contractual premium payments."

So anyone who believes Social Security is an investment plan really has only himself to blame.

If you want evidence, listen to how politicians talk about your Social Security "contributions." They are taxes and nothing more. No one pretends they are premiums. In fact, President Obama and the Republicans want to stimulate the economy by extending a cut in the payroll tax for workers and cutting the employer's share of the tax -- but without reducing Social Security benefits."

Obama’s Quiver Is Empty

Obama’s Quiver Is Empty - Victor Davis Hanson - National Review Online: "His address to Congress last week went nowhere. It was hyped well. It was delivered well. It was comprehensive. But Obama had nothing to say that we have not already heard from him — and that has not already failed or proved to be hypocritical.

When the quiver is empty, the archer puts his bow away. Silence, not “This is our moment,” is the wisest course for Barack Obama now that the arrows are all gone."

WAPO: White House pushed $500 million loan to solar company now under investigation

White House pushed $500 million loan to solar company now under investigation - The Washington Post: "The Obama White House tried to rush federal reviewers for a decision on a nearly half-billion-dollar loan to the solar-panel manufacturer Solyndra so Vice President Biden could announce the approval at a September 2009 groundbreaking for the company’s factory, newly obtained e-mails show.

The Silicon Valley company, a centerpiece in President Obama’s initiative to develop clean energy technologies, had been tentatively approved for the loan by the Energy Department but was awaiting a final financial review by the Office of Management and Budget.

The August 2009 e-mails, released exclusively to The Washington Post, show White House officials repeatedly asking OMB reviewers when they would be able to decide on the federal loan and noting a looming press event at which they planned to announce the deal. In response, OMB officials expressed concern that they were being rushed to approve the company’s project without adequate time to assess the risk to taxpayers, according to information provided by Republican congressional investigators."

Follow the Money

The best economists are formidable intellects, but do they really know what they are talking about?

Book Review: Grand Pursuit - WSJ.com: "Economic genius would seem to be in short supply these days. On the say-so of economists, Congress has spent upwards of $1 trillion to "stimulate" an economy that remains unstimulated. The best economists are formidable intellects, as it goes without saying—Ben Bernanke was the spelling champion of South Carolina—but you begin to wonder if they know what they're talking about."

Thanks for the offer, Mr. President, but we can stimulate ourselves

Stimulus | Jobs Speech | Thanks for the offer, Mr. President, but we can stimulate ourselves | The Daily Caller: "If Mr. Obama truly wishes to see unemployment figures decline, and thus his chances at re-election improve, he would be well advised to simply get out of the way: flatten the tax code, rein in the federal bureaucracy, end subsidies to politically connected organizations ranging from farmers to Goldman Sachs, remove artificial legal barriers to employing low-skilled workers and convicts, and reform, repeal, or delegate to states the myriad entitlement programs the federal government now manages. But above all, he, and the Congress, should withdraw from their delusion that they can plan the economy better than the hundreds of millions of Americans who live in it."

Unanswered: What Was Saudis' Role?

Unanswered: What Was Saudis' Role? - Investors.com: "9/11: A new report revealing the hijackers met in Florida with a well-connected Saudi family who fled to Riyadh just days before the attacks raises fresh concerns about the Saudis' role in the plot.

The Saudi hijackers who entered the country from San Diego also met with Saudi handlers. So now we know al-Qaida had Saudi help from coast to coast. According to the Miami Herald, investigators believe the wealthy family at a minimum knew of their guests' evil plans, and possibly aided them."

George Will on Sept. 11’s self-inflicted wounds

Sept. 11’s self-inflicted wounds - The Washington Post: "Today, for reasons having little to do with 9/11 and policy responses to it, the nation is more demoralized than at any time since the late 1970s, when, as now, feelings of impotence, vulnerability and decline were pervasive. Of all the sadness surrounding this anniversary, the most aching is the palpable and futile hope that commemoration can somehow help heal self-inflicted wounds."

Sports mattered after 9/11 – not as a game, but as a gathering

Sports mattered after 9/11 – not as a game, but as a gathering - Yahoo! News: "Sports simply offered the biggest possible vision of patriotism, offered that collective celebration of America, the chance to be part of a huge show that we were still here, that we still mattered, that we could still roar. "

Mark Steyn on Obama Jobs Speech

Rush Limbaugh Show | Mark Steyn | Obama Jobs Speech | The Daily Caller: "Apparently President Barack Obama’s speechwriters thought repeating the phrase “pass this bill” over and over again would magically resonate with members of Congress. The president used the line 17 times in his Thursday night address.

Did he overdo it?

On Friday’s “Rush Limbaugh Show,” fill-in host Mark Steyn said that catchphrase was more reminiscent of an infomercial than a presidential proclamation."

The Obama Presidency by the Numbers

Michael J. Boskin: The Obama Presidency by the Numbers - WSJ.com: "Perpetually overpromising and underdelivering is not remotely good enough, not even for government work. No corporate CEO could survive such a clear history of failure. The economic records set on Mr. Obama's watch really are historic (see nearby table). These include the first downgrade of sovereign U.S. debt in American history, and, relative to GDP, the highest federal spending in U.S. history save the peak years of World War II, plus the highest federal debt since just after World War II.

The employment picture doesn't look any better. The fraction of the population working is the lowest since 1983. Long-term unemployment is by far the highest since the Great Depression. Job growth during the first two years of recovery after a severe recession is the slowest in postwar history."

Social Security's Truth Is Coming Our Way

RealClearMarkets - Social Security's Truth Is Coming Our Way: "FICA is a pay-as-you-go system, meaning that the taxes paid by today's workers are immediately sent out to pay beneficiaries. By law, if Social Security revenues exceed expenditures, the surplus is credited to the trust funds in the form of U.S. government "special issue" non-marketable bonds. These securities are worthless on the open market because IOU's that can't be sold are only worth the paper they are printed on.

When the bonds mature, they are rolled over into new bonds that include both the original value and any interest due. In short, the government confiscates the public's hard earned money, writes an IOU from one branch of government to another, then - and this is important - pays off worthless IOU's that have interest attached with newer worthless IOU's so as to make it appear as if the trust fund is solvent. It's accounting magic!"

Education: Pay More To Get Less?

Pay More To Get Less? - Investors.com: "What's more, public school teachers are already paid tremendously well. Research projects by the Cato Institute's Neal McCluskey, Ohio University economist Richard Vedder, and the Manhattan Institute's Jay Greene and Marcus Winters all found teachers' hourly earnings exceed significantly those of architects, mechanical engineers, biological and life scientists, and other professionals."

FreedomWorks: The Issue with Romney is the Issues

The Issue with Romney is the Issues | FreedomWorks: "A few of highlights from Romney’s record showing just how unfriendly he has been over the years to the ideas the tea party holds dear (links and details further below):

• Romney distanced himself from Reagan and Reagan’s policies
• Romney didn’t like the Contract with America
• Romney led the fight for and implemented health care reform almost identical to ObamaCare 
• Romney called his beta version of ObamaCare “a model for the nation” 
• Romney defended the individual mandate, saying, “I like mandates. The mandates work.” 
• Romney supports cap-and-trade “on a global basis”
• Romney worked to regulate “greenhouse gas emissions” in Massachusetts
• Romney got Massachusetts involved in a regional climate change pact 
• Romney supports ethanol subsidies 
• Romney wants to increase spending “substantially” on energy research  
• Romney opposes the Flat Tax
• Romney refused to support the 2003 Bush tax cuts
• Romney’s claim to not have raised taxes is called “mostly myth” by Cato Institute
• Romney thought Obama’s stimulus would “accelerate the timing of the start of the recovery”
• Romney supports TARP
• Romney says there’s nothing wrong with companies asking for bailouts
• Romney supports No Child Left Behind
• Romney supports reappointing Ben Bernanke to chairman of the Federal Reserve "

A $4.2 Bil Subsidy For Illegals?

A $4.2 Bil Subsidy For Illegals? - Investors.com: "If the federal government had actually wanted to encourage illegal immigration, wouldn't a big tax credit be the way to bring them in? Lucky us, that's what the IRS is doing — and with our money.


A blistering Treasury Department audit released Friday found that "individuals not authorized to work in the United States were paid $4.2 billion in refundable credits." Those credits are meant to zero out any taxes paid by the poor, and often amount to checks as high as $1,000, courtesy of other taxpayers.


In the last five years, some 2.3 million illegal immigrants decided they, too, were "entitled" to that money, and the IRS paid them. Word got out and the payouts to illegals grew fourfold over the last five years."

U.S. Taxpayers Subsidizing Education Costs for China, Congressman Says

U.S. Taxpayers Subsidizing Education Costs for China, Congressman Says | CNSnews.com: "Coffman said he was “shocked” to learn on a recent trip to China that millions of U.S. taxpayer dollars are being used to defray China’s higher-education costs, at a time when the U.S. government is short of money to fund its own higher education system."

QUOTE OF THE DAY

‎"There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt." ~ John Adams 1826

Steve Forbes: Obama, Bernanke Must Go; U.S. to Return to Gold Standard; Leaning Towards Perry

Steve Forbes to Newsmax: Obama, Bernanke Must Go: "Former presidential candidate and Forbes magazine editor Steve Forbes tells Newsmax that President Obama’s planned economic reforms are “the definition of insanity” — repeating failed policies in the hopes that somehow they will become successful.

In a wide-ranging exclusive interview, Forbes also declares that Federal Reserve Chairman Ben Bernanke should have resigned a long time ago, says Obama will be a one-term president, and looks for significant and positive reforms in Washington after the 2012 elections.

He also predicts the United States will make an “astonishing” move and return to a gold standard in the next five years, and says he’s “very impressed” with Gov. Rick Perry and is leaning toward supporting him for the GOP presidential nomination."'

Reagan Economic Adviser: US Is Really $211 Trillion in Debt

Reagan Adviser Kotlikoff: US Is Really $211 Trillion in Debt: "Kotlikoff explains that when America's "unofficial" payment obligations such as Social Security, Medicare and Medicaid benefits are included, the debt becomes almost exponentially greater.

"If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion,” says Kotlikoff, adding that politicians have chosen their language carefully to keep most of the problem off the books.

“That's our true indebtedness.""

GRAPH OF THE WEEK

 See:  Ratio of Takers to Givers Reaches a Tipping Point, by Larry Elder in Investor's Daily

Government's War Against Gibson Guitar

Gibson Guitar to Uncle Sam – “From my cold, dead hands” | The Barr Code: "The raids were carried out because the Department of Justice and the U.S. Fish and Wildlife Service claim that parts of the iconic guitars manufactured in the plants contained the wrong kind of imported wood. And, although the feds have not made clear to Gibson just what it has done wrong, the government appears also to be claiming the guitar parts might have been exported to the U.S. contrary not to American laws, but to certain domestic laws of the countries exporting the parts to the United States!"

Proof Obama is a Terrible Economic President

Obama A Bad Economic President? Consider It "Proved" - Forbes: "If we rank the ten presidents listed above in numeric order in each of these categories based upon the results they produced, and then calculate the average of their five individual scores, we get the following overall presidential rankings, from best (1) to worst (10):

Clinton

Johnson

Eisenhower

Kennedy

Carter

Reagan

Bush 41

Nixon

Bush 43

Obama

It may be surprising to see Jimmy Carter ranked ahead of Ronald Reagan. Remember, however, that the comparison is only between the economic results achieved during their first 2.5 years in office. As it happened, the economy went downhill fast during Carter’s final 1.5 years in office, while the last 18 months of Reagan’s first term was marked by rapid GDP growth and job creation."