Warren Buffett drops some wisdom in his farewell letter to shareholders. pic.twitter.com/Any7pbyTrz
— Morning Brew ☕️ (@MorningBrew) November 10, 2025
WARREN BUFFETT JUST SENT WHAT COULD BE HIS LAST MESSAGE TO BERKSHIRE HATHAWAY $BRK.B SHAREHOLDERS AS CEO OF THE COMPANY
— Evan (@StockMKTNewz) November 10, 2025
Here is the full and entire 8 page press release Warren Buffett just released ⬇️⬇️
To My Fellow Shareholders:
I will no longer be writing Berkshire’s… pic.twitter.com/4KVMGLxqIv
Warren Buffett, DEMOCRAT, has donated $1.2 billion to abortion groups.
May 13, 2014, marks one year since Philadelphia abortion Dr. Kermit Gosnell was convicted of first-degree murder “in the deaths of three babies who were delivered alive and then killed with scissors at his grimy, ‘house of horrors’ clinic,” according to the Associated Press. Gosnell instantly became the face of abortion in the prolife community.Of course, Buffett's love of abortion is unreported.
But there’s another, more recognizable face pushing abortion in the U.S. – liberal billionaire Warren Buffett. The so-called “Oracle of Omaha” has donated more than $1.2 billion to abortion organizations from 2001 to 2012.
That’s equal to the cost of roughly 2.7 million first-trimester abortions – more than twice the number of abortions that occur in an entire year in the United States. Unlike Gosnell, however, everything Buffett has done has been entirely legal. But Buffett does share something else in common with the abortionist. Both their stories have been largely unreported.
I don't agree with Chris Christie on everything, but I agree with this.
From FOX News:
Tuesday night on CNN, Governor Chris Christie (R-NJ) told Piers Morgan that he is tired of hearing about Warren Buffett’s claims that, as a billionaire, he doesn’t pay enough in taxes. Christie blasted back at Buffett, saying, “He should just write a check and shut up.”
Debbie Bosanek is Obama's class warfare poster girl, symbol of the struggling middle class.
Bosanek is "secretary to billionaire investor Warren Buffet" She's "the face of the 'Buffett Rule,' the tax policy President Obama is pushing, inspired by Buffett’s assertion that he shouldn’t pay a lower tax rate than his secretary does."
And there was little Ms. Bosanek, joining Michelle Obama in the gallery during the State of the Union address. Bosanek is seen here next to Laurene Powell Jobs, widow of Steve Jobs.
Photo here.
New revelations about Bosanek prove to be awkward for Obama.
From Paul Roderick Gregory, Forbes:
Warren Buffet’s secretary, Debbie Bosanek, served as a stage prop for President Obama’s State of the Union speech. She was the President’s chief display of the alleged unfairness of our tax system – a little person paying a higher tax rate than her billionaire boss.
Bosanek’s prominent role in Obama’s “fairness” campaign piqued my curiosity, and I imagine the curiosity of others. How much does her boss pay this downtrodden woman? So far, no one has volunteered this information.
...Insofar as Buffet (like Mitt Romney) earns income primarily from capital gains, which are taxed at 15 percent (and according to Obama need to be raised for reasons of fairness), we need to determine how much income a taxpayer like Bosanek must earn in order to pay an average tax rate above fifteen percent. This is easy to do.
The IRS publishes detailed tax tables by income level. The latest results are for 2009. They show that taxpayers earning an adjusted gross income between $100,000 and $200,000 pay an average rate of twelve percent. This is below Buffet’s rate; so she must earn more than that. Taxpayers earning adjusted gross incomes of $200,000 to $500,000, pay an average tax rate of nineteen percent. Therefore Buffet must pay Debbie Bosanke a salary above two hundred thousand.
We must wait for further details to learn how much more than $200,000 she earns. The tax tables tell us about average ranges. For all we know she earns closer to a half million each year, but that is pure speculation.
I have nothing against Debbie Bosanke earning a half million or even more. Buffet is a major player in the world economy. His secretary deserves good compensation. At her income, however, she is scarcely the symbol of injustice that Obama wishes her to project.
From the New York Times:
Following is the prepared remarks for President Obama’s fourth State of the Union address on Tuesday, as released by the White House:
OBAMA: Mr. Speaker, Mr. Vice President, members of Congress, distinguished guests, and fellow Americans:
Last month, I went to Andrews Air Force Base and welcomed home some of our last troops to serve in Iraq. Together, we offered a final, proud salute to the colors under which more than a million of our fellow citizens fought – and several thousand gave their lives.
We gather tonight knowing that this generation of heroes has made the United States safer and more respected around the world. For the first time in nine years, there are no Americans fighting in Iraq. For the first time in two decades, Osama bin Laden is not a threat to this country. Most of al Qaeda’s top lieutenants have been defeated. The Taliban’s momentum has been broken, and some troops in Afghanistan have begun to come home.
These achievements are a testament to the courage, selflessness, and teamwork of America’s Armed Forces. At a time when too many of our institutions have let us down, they exceed all expectations. They’re not consumed with personal ambition. They don’t obsess over their differences. They focus on the mission at hand. They work together.
Imagine what we could accomplish if we followed their example. Think about the America within our reach: A country that leads the world in educating its people. An America that attracts a new generation of high-tech manufacturing and high-paying jobs. A future where we’re in control of our own energy, and our security and prosperity aren’t so tied to unstable parts of the world. An economy built to last, where hard work pays off, and responsibility is rewarded.
We can do this. I know we can, because we’ve done it before. At the end of World War II, when another generation of heroes returned home from combat, they built the strongest economy and middle class the world has ever known. My grandfather, a veteran of Patton’s Army, got the chance to go to college on the GI Bill. My grandmother, who worked on a bomber assembly line, was part of a workforce that turned out the best products on Earth.
The two of them shared the optimism of a Nation that had triumphed over a depression and fascism. They understood they were part of something larger; that they were contributing to a story of success that every American had a chance to share – the basic American promise that if you worked hard, you could do well enough to raise a family, own a home, send your kids to college, and put a little away for retirement.
The defining issue of our time is how to keep that promise alive. No challenge is more urgent. No debate is more important. We can either settle for a country where a shrinking number of people do really well, while a growing number of Americans barely get by. Or we can restore an economy where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same set of rules. What’s at stake are not Democratic values or Republican values, but American values. We have to reclaim them.
Let’s remember how we got here. Long before the recession, jobs and manufacturing began leaving our shores. Technology made businesses more efficient, but also made some jobs obsolete. Folks at the top saw their incomes rise like never before, but most hardworking Americans struggled with costs that were growing, paychecks that weren’t, and personal debt that kept piling up.
In 2008, the house of cards collapsed. We learned that mortgages had been sold to people who couldn’t afford or understand them. Banks had made huge bets and bonuses with other people’s money. Regulators had looked the other way, or didn’t have the authority to stop the bad behavior.
It was wrong. It was irresponsible. And it plunged our economy into a crisis that put millions out of work, saddled us with more debt, and left innocent, hard-working Americans holding the bag. In the six months before I took office, we lost nearly four million jobs. And we lost another four million before our policies were in full effect.
Those are the facts. But so are these. In the last 22 months, businesses have created more than three million jobs. Last year, they created the most jobs since 2005. American manufacturers are hiring again, creating jobs for the first time since the late 1990s. Together, we’ve agreed to cut the deficit by more than $2 trillion. And we’ve put in place new rules to hold Wall Street accountable, so a crisis like that never happens again.
The state of our Union is getting stronger. And we’ve come too far to turn back now. As long as I’m President, I will work with anyone in this chamber to build on this momentum. But I intend to fight obstruction with action, and I will oppose any effort to return to the very same policies that brought on this economic crisis in the first place.
No, we will not go back to an economy weakened by outsourcing, bad debt, and phony financial profits. Tonight, I want to speak about how we move forward, and lay out a blueprint for an economy that’s built to last – an economy built on American manufacturing, American energy, skills for American workers, and a renewal of American values.
This blueprint begins with American manufacturing.
On the day I took office, our auto industry was on the verge of collapse. Some even said we should let it die. With a million jobs at stake, I refused to let that happen. In exchange for help, we demanded responsibility. We got workers and automakers to settle their differences. We got the industry to retool and restructure. Today, General Motors is back on top as the world’s number one automaker. Chrysler has grown faster in the U.S. than any major car company. Ford is investing billions in U.S. plants and factories. And together, the entire industry added nearly 160,000 jobs.
We bet on American workers. We bet on American ingenuity. And tonight, the American auto industry is back.
What’s happening in Detroit can happen in other industries. It can happen in Cleveland and Pittsburgh and Raleigh. We can’t bring back every job that’s left our shores. But right now, it’s getting more expensive to do business in places like China. Meanwhile, America is more productive. A few weeks ago, the CEO of Master Lock told me that it now makes business sense for him to bring jobs back home. Today, for the first time in fifteen years, Master Lock’s unionized plant in Milwaukee is running at full capacity.
So we have a huge opportunity, at this moment, to bring manufacturing back. But we have to seize it. Tonight, my message to business leaders is simple: Ask yourselves what you can do to bring jobs back to your country, and your country will do everything we can to help you succeed.
We should start with our tax code. Right now, companies get tax breaks for moving jobs and profits overseas. Meanwhile, companies that choose to stay in America get hit with one of the highest tax rates in the world. It makes no sense, and everyone knows it.
So let’s change it. First, if you’re a business that wants to outsource jobs, you shouldn’t get a tax deduction for doing it. That money should be used to cover moving expenses for companies like Master Lock that decide to bring jobs home.
Second, no American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas. From now on, every multinational company should have to pay a basic minimum tax. And every penny should go towards lowering taxes for companies that choose to stay here and hire here.
Third, if you’re an American manufacturer, you should get a bigger tax cut. If you’re a high-tech manufacturer, we should double the tax deduction you get for making products here. And if you want to relocate in a community that was hit hard when a factory left town, you should get help financing a new plant, equipment, or training for new workers.
My message is simple. It’s time to stop rewarding businesses that ship jobs overseas, and start rewarding companies that create jobs right here in America. Send me these tax reforms, and I’ll sign them right away.
We’re also making it easier for American businesses to sell products all over the world. Two years ago, I set a goal of doubling U.S. exports over five years. With the bipartisan trade agreements I signed into law, we are on track to meet that goal – ahead of schedule. Soon, there will be millions of new customers for American goods in Panama, Colombia, and South Korea. Soon, there will be new cars on the streets of Seoul imported from Detroit, and Toledo, and Chicago.
I will go anywhere in the world to open new markets for American products. And I will not stand by when our competitors don’t play by the rules. We’ve brought trade cases against China at nearly twice the rate as the last administration – and it’s made a difference. Over a thousand Americans are working today because we stopped a surge in Chinese tires. But we need to do more. It’s not right when another country lets our movies, music, and software be pirated. It’s not fair when foreign manufacturers have a leg up on ours only because they’re heavily subsidized.
Tonight, I’m announcing the creation of a Trade Enforcement Unit that will be charged with investigating unfair trade practices in countries like China. There will be more inspections to prevent counterfeit or unsafe goods from crossing our borders. And this Congress should make sure that no foreign company has an advantage over American manufacturing when it comes to accessing finance or new markets like Russia. Our workers are the most productive on Earth, and if the playing field is level, I promise you – America will always win.
I also hear from many business leaders who want to hire in the United States but can’t find workers with the right skills. Growing industries in science and technology have twice as many openings as we have workers who can do the job. Think about that – openings at a time when millions of Americans are looking for work.
That’s inexcusable. And we know how to fix it.
Jackie Bray is a single mom from North Carolina who was laid off from her job as a mechanic. Then Siemens opened a gas turbine factory in Charlotte, and formed a partnership with Central Piedmont Community College. The company helped the college design courses in laser and robotics training. It paid Jackie’s tuition, then hired her to help operate their plant.
I want every American looking for work to have the same opportunity as Jackie did. Join me in a national commitment to train two million Americans with skills that will lead directly to a job. My Administration has already lined up more companies that want to help. Model partnerships between businesses like Siemens and community colleges in places like Charlotte, Orlando, and Louisville are up and running. Now you need to give more community colleges the resources they need to become community career centers – places that teach people skills that local businesses are looking for right now, from data management to high-tech manufacturing.
And I want to cut through the maze of confusing training programs, so that from now on, people like Jackie have one program, one website, and one place to go for all the information and help they need. It’s time to turn our unemployment system into a reemployment system that puts people to work.
These reforms will help people get jobs that are open today. But to prepare for the jobs of tomorrow, our commitment to skills and education has to start earlier.
For less than one percent of what our Nation spends on education each year, we’ve convinced nearly every State in the country to raise their standards for teaching and learning – the first time that’s happened in a generation.
But challenges remain. And we know how to solve them.
At a time when other countries are doubling down on education, tight budgets have forced States to lay off thousands of teachers. We know a good teacher can increase the lifetime income of a classroom by over $250,000. A great teacher can offer an escape from poverty to the child who dreams beyond his circumstance. Every person in this chamber can point to a teacher who changed the trajectory of their lives. Most teachers work tirelessly, with modest pay, sometimes digging into their own pocket for school supplies – just to make a difference.
Teachers matter. So instead of bashing them, or defending the status quo, let’s offer schools a deal. Give them the resources to keep good teachers on the job, and reward the best ones. In return, grant schools flexibility: To teach with creativity and passion; to stop teaching to the test; and to replace teachers who just aren’t helping kids learn.
We also know that when students aren’t allowed to walk away from their education, more of them walk the stage to get their diploma. So tonight, I call on every State to require that all students stay in high school until they graduate or turn eighteen.
When kids do graduate, the most daunting challenge can be the cost of college. At a time when Americans owe more in tuition debt than credit card debt, this Congress needs to stop the interest rates on student loans from doubling in July. Extend the tuition tax credit we started that saves middle-class families thousands of dollars. And give more young people the chance to earn their way through college by doubling the number of work-study jobs in the next five years.
Of course, it’s not enough for us to increase student aid. We can’t just keep subsidizing skyrocketing tuition; we’ll run out of money. States also need to do their part, by making higher education a higher priority in their budgets. And colleges and universities have to do their part by working to keep costs down. Recently, I spoke with a group of college presidents who’ve done just that. Some schools re-design courses to help students finish more quickly. Some use better technology. The point is, it’s possible. So let me put colleges and universities on notice: If you can’t stop tuition from going up, the funding you get from taxpayers will go down. Higher education can’t be a luxury – it’s an economic imperative that every family in America should be able to afford.
Let’s also remember that hundreds of thousands of talented, hardworking students in this country face another challenge: The fact that they aren’t yet American citizens. Many were brought here as small children, are American through and through, yet they live every day with the threat of deportation. Others came more recently, to study business and science and engineering, but as soon as they get their degree, we send them home to invent new products and create new jobs somewhere else.
That doesn’t make sense.
I believe as strongly as ever that we should take on illegal immigration. That’s why my Administration has put more boots on the border than ever before. That’s why there are fewer illegal crossings than when I took office.
The opponents of action are out of excuses. We should be working on comprehensive immigration reform right now. But if election-year politics keeps Congress from acting on a comprehensive plan, let’s at least agree to stop expelling responsible young people who want to staff our labs, start new businesses, and defend this country. Send me a law that gives them the chance to earn their citizenship. I will sign it right away.
You see, an economy built to last is one where we encourage the talent and ingenuity of every person in this country. That means women should earn equal pay for equal work. It means we should support everyone who’s willing to work; and every risk-taker and entrepreneur who aspires to become the next Steve Jobs.
After all, innovation is what America has always been about. Most new jobs are created in start-ups and small businesses. So let’s pass an agenda that helps them succeed. Tear down regulations that prevent aspiring entrepreneurs from getting the financing to grow. Expand tax relief to small businesses that are raising wages and creating good jobs. Both parties agree on these ideas. So put them in a bill, and get it on my desk this year.
Innovation also demands basic research. Today, the discoveries taking place in our federally-financed labs and universities could lead to new treatments that kill cancer cells but leave healthy ones untouched. New lightweight vests for cops and soldiers that can stop any bullet. Don’t gut these investments in our budget. Don’t let other countries win the race for the future. Support the same kind of research and innovation that led to the computer chip and the Internet; to new American jobs and new American industries.
Nowhere is the promise of innovation greater than in American-made energy. Over the last three years, we’ve opened millions of new acres for oil and gas exploration, and tonight, I’m directing my Administration to open more than 75 percent of our potential offshore oil and gas resources. Right now, American oil production is the highest that it’s been in eight years. That’s right – eight years. Not only that – last year, we relied less on foreign oil than in any of the past sixteen years.
But with only 2 percent of the world’s oil reserves, oil isn’t enough. This country needs an all-out, all-of-the-above strategy that develops every available source of American energy – a strategy that’s cleaner, cheaper, and full of new jobs.
We have a supply of natural gas that can last America nearly one hundred years, and my Administration will take every possible action to safely develop this energy. Experts believe this will support more than 600,000 jobs by the end of the decade. And I’m requiring all companies that drill for gas on public lands to disclose the chemicals they use. America will develop this resource without putting the health and safety of our citizens at risk.
The development of natural gas will create jobs and power trucks and factories that are cleaner and cheaper, proving that we don’t have to choose between our environment and our economy. And by the way, it was public research dollars, over the course of thirty years, that helped develop the technologies to extract all this natural gas out of shale rock – reminding us that Government support is critical in helping businesses get new energy ideas off the ground.
What’s true for natural gas is true for clean energy. In three years, our partnership with the private sector has already positioned America to be the world’s leading manufacturer of high-tech batteries. Because of federal investments, renewable energy use has nearly doubled. And thousands of Americans have jobs because of it.
When Bryan Ritterby was laid off from his job making furniture, he said he worried that at 55, no one would give him a second chance. But he found work at Energetx, a wind turbine manufacturer in Michigan. Before the recession, the factory only made luxury yachts. Today, it’s hiring workers like Bryan, who said, “I’m proud to be working in the industry of the future.”
Our experience with shale gas shows us that the payoffs on these public investments don’t always come right away. Some technologies don’t pan out; some companies fail. But I will not walk away from the promise of clean energy. I will not walk away from workers like Bryan. I will not cede the wind or solar or battery industry to China or Germany because we refuse to make the same commitment here. We have subsidized oil companies for a century. That’s long enough. It’s time to end the taxpayer giveaways to an industry that’s rarely been more profitable, and double-down on a clean energy industry that’s never been more promising. Pass clean energy tax credits and create these jobs.
We can also spur energy innovation with new incentives. The differences in this chamber may be too deep right now to pass a comprehensive plan to fight climate change. But there’s no reason why Congress shouldn’t at least set a clean energy standard that creates a market for innovation. So far, you haven’t acted. Well tonight, I will. I’m directing my Administration to allow the development of clean energy on enough public land to power three million homes. And I’m proud to announce that the Department of Defense, the world’s largest consumer of energy, will make one of the largest commitments to clean energy in history – with the Navy purchasing enough capacity to power a quarter of a million homes a year.
Of course, the easiest way to save money is to waste less energy. So here’s another proposal: Help manufacturers eliminate energy waste in their factories and give businesses incentives to upgrade their buildings. Their energy bills will be $100 billion lower over the next decade, and America will have less pollution, more manufacturing, and more jobs for construction workers who need them. Send me a bill that creates these jobs.
Building this new energy future should be just one part of a broader agenda to repair America’s infrastructure. So much of America needs to be rebuilt. We’ve got crumbling roads and bridges. A power grid that wastes too much energy. An incomplete high-speed broadband network that prevents a small business owner in rural America from selling her products all over the world.
During the Great Depression, America built the Hoover Dam and the Golden Gate Bridge. After World War II, we connected our States with a system of highways. Democratic and Republican administrations invested in great projects that benefited everybody, from the workers who built them to the businesses that still use them today.
In the next few weeks, I will sign an Executive Order clearing away the red tape that slows down too many construction projects. But you need to fund these projects. Take the money we’re no longer spending at war, use half of it to pay down our debt, and use the rest to do some nation-building right here at home.
There’s never been a better time to build, especially since the construction industry was one of the hardest-hit when the housing bubble burst. Of course, construction workers weren’t the only ones hurt. So were millions of innocent Americans who’ve seen their home values decline. And while Government can’t fix the problem on its own, responsible homeowners shouldn’t have to sit and wait for the housing market to hit bottom to get some relief.
That’s why I’m sending this Congress a plan that gives every responsible homeowner the chance to save about $3,000 a year on their mortgage, by refinancing at historically low interest rates. No more red tape. No more runaround from the banks. A small fee on the largest financial institutions will ensure that it won’t add to the deficit, and will give banks that were rescued by taxpayers a chance to repay a deficit of trust.
Let’s never forget: Millions of Americans who work hard and play by the rules every day deserve a Government and a financial system that do the same. It’s time to apply the same rules from top to bottom: No bailouts, no handouts, and no copouts. An America built to last insists on responsibility from everybody.
We’ve all paid the price for lenders who sold mortgages to people who couldn’t afford them, and buyers who knew they couldn’t afford them. That’s why we need smart regulations to prevent irresponsible behavior. Rules to prevent financial fraud, or toxic dumping, or faulty medical devices, don’t destroy the free market. They make the free market work better.
There is no question that some regulations are outdated, unnecessary, or too costly. In fact, I’ve approved fewer regulations in the first three years of my presidency than my Republican predecessor did in his. I’ve ordered every federal agency to eliminate rules that don’t make sense. We’ve already announced over 500 reforms, and just a fraction of them will save business and citizens more than $10 billion over the next five years. We got rid of one rule from 40 years ago that could have forced some dairy farmers to spend $10,000 a year proving that they could contain a spill – because milk was somehow classified as an oil. With a rule like that, I guess it was worth crying over spilled milk.
I’m confident a farmer can contain a milk spill without a federal agency looking over his shoulder. But I will not back down from making sure an oil company can contain the kind of oil spill we saw in the Gulf two years ago. I will not back down from protecting our kids from mercury pollution, or making sure that our food is safe and our water is clean. I will not go back to the days when health insurance companies had unchecked power to cancel your policy, deny you coverage, or charge women differently from men.
And I will not go back to the days when Wall Street was allowed to play by its own set of rules. The new rules we passed restore what should be any financial system’s core purpose: Getting funding to entrepreneurs with the best ideas, and getting loans to responsible families who want to buy a home, start a business, or send a kid to college.
So if you’re a big bank or financial institution, you are no longer allowed to make risky bets with your customers’ deposits. You’re required to write out a “living will” that details exactly how you’ll pay the bills if you fail – because the rest of us aren’t bailing you out ever again. And if you’re a mortgage lender or a payday lender or a credit card company, the days of signing people up for products they can’t afford with confusing forms and deceptive practices are over. Today, American consumers finally have a watchdog in Richard Cordray with one job: To look out for them.
We will also establish a Financial Crimes Unit of highly trained investigators to crack down on large-scale fraud and protect people’s investments. Some financial firms violate major anti-fraud laws because there’s no real penalty for being a repeat offender. That’s bad for consumers, and it’s bad for the vast majority of bankers and financial service professionals who do the right thing. So pass legislation that makes the penalties for fraud count.
And tonight, I am asking my Attorney General to create a special unit of federal prosecutors and leading state attorneys general to expand our investigations into the abusive lending and packaging of risky mortgages that led to the housing crisis. This new unit will hold accountable those who broke the law, speed assistance to homeowners, and help turn the page on an era of recklessness that hurt so many Americans.
A return to the American values of fair play and shared responsibility will help us protect our people and our economy. But it should also guide us as we look to pay down our debt and invest in our future.
Right now, our most immediate priority is stopping a tax hike on 160 million working Americans while the recovery is still fragile. People cannot afford losing $40 out of each paycheck this year. There are plenty of ways to get this done. So let’s agree right here, right now: No side issues. No drama. Pass the payroll tax cut without delay.
When it comes to the deficit, we’ve already agreed to more than $2 trillion in cuts and savings. But we need to do more, and that means making choices. Right now, we’re poised to spend nearly $1 trillion more on what was supposed to be a temporary tax break for the wealthiest 2 percent of Americans. Right now, because of loopholes and shelters in the tax code, a quarter of all millionaires pay lower tax rates than millions of middle-class households. Right now, Warren Buffett pays a lower tax rate than his secretary.
Do we want to keep these tax cuts for the wealthiest Americans? Or do we want to keep our investments in everything else – like education and medical research; a strong military and care for our veterans? Because if we’re serious about paying down our debt, we can’t do both.
The American people know what the right choice is. So do I. As I told the Speaker this summer, I’m prepared to make more reforms that rein in the long term costs of Medicare and Medicaid, and strengthen Social Security, so long as those programs remain a guarantee of security for seniors.
But in return, we need to change our tax code so that people like me, and an awful lot of Members of Congress, pay our fair share of taxes. Tax reform should follow the Buffett rule: If you make more than $1 million a year, you should not pay less than 30 percent in taxes. And my Republican friend Tom Coburn is right: Washington should stop subsidizing millionaires. In fact, if you’re earning a million dollars a year, you shouldn’t get special tax subsidies or deductions. On the other hand, if you make under $250,000 a year, like 98 percent of American families, your taxes shouldn’t go up. You’re the ones struggling with rising costs and stagnant wages. You’re the ones who need relief.
Now, you can call this class warfare all you want. But asking a billionaire to pay at least as much as his secretary in taxes? Most Americans would call that common sense.
We don’t begrudge financial success in this country. We admire it. When Americans talk about folks like me paying my fair share of taxes, it’s not because they envy the rich. It’s because they understand that when I get tax breaks I don’t need and the country can’t afford, it either adds to the deficit, or somebody else has to make up the difference – like a senior on a fixed income; or a student trying to get through school; or a family trying to make ends meet. That’s not right. Americans know it’s not right. They know that this generation’s success is only possible because past generations felt a responsibility to each other, and to their country’s future, and they know our way of life will only endure if we feel that same sense of shared responsibility. That’s how we’ll reduce our deficit. That’s an America built to last.
I recognize that people watching tonight have differing views about taxes and debt; energy and health care. But no matter what party they belong to, I bet most Americans are thinking the same thing right now: Nothing will get done this year, or next year, or maybe even the year after that, because Washington is broken.
Can you blame them for feeling a little cynical?
The greatest blow to confidence in our economy last year didn’t come from events beyond our control. It came from a debate in Washington over whether the United States would pay its bills or not. Who benefited from that fiasco?
I’ve talked tonight about the deficit of trust between Main Street and Wall Street. But the divide between this city and the rest of the country is at least as bad – and it seems to get worse every year.
Some of this has to do with the corrosive influence of money in politics. So together, let’s take some steps to fix that. Send me a bill that bans insider trading by Members of Congress, and I will sign it tomorrow. Let’s limit any elected official from owning stocks in industries they impact. Let’s make sure people who bundle campaign contributions for Congress can’t lobby Congress, and vice versa – an idea that has bipartisan support, at least outside of Washington.
Some of what’s broken has to do with the way Congress does its business these days. A simple majority is no longer enough to get anything – even routine business – passed through the Senate. Neither party has been blameless in these tactics. Now both parties should put an end to it. For starters, I ask the Senate to pass a rule that all judicial and public service nominations receive a simple up or down vote within 90 days.
The executive branch also needs to change. Too often, it’s inefficient, outdated and remote. That’s why I’ve asked this Congress to grant me the authority to consolidate the federal bureaucracy so that our Government is leaner, quicker, and more responsive to the needs of the American people.
Finally, none of these reforms can happen unless we also lower the temperature in this town. We need to end the notion that the two parties must be locked in a perpetual campaign of mutual destruction; that politics is about clinging to rigid ideologies instead of building consensus around common sense ideas.
I’m a Democrat. But I believe what Republican Abraham Lincoln believed: That Government should do for people only what they cannot do better by themselves, and no more. That’s why my education reform offers more competition, and more control for schools and States. That’s why we’re getting rid of regulations that don’t work. That’s why our health care law relies on a reformed private market, not a Government program.
On the other hand, even my Republican friends who complain the most about Government spending have supported federally-financed roads, and clean energy projects, and federal offices for the folks back home.
The point is, we should all want a smarter, more effective Government. And while we may not be able to bridge our biggest philosophical differences this year, we can make real progress. With or without this Congress, I will keep taking actions that help the economy grow. But I can do a whole lot more with your help. Because when we act together, there is nothing the United States of America can’t achieve.
That is the lesson we’ve learned from our actions abroad over the last few years.
Ending the Iraq war has allowed us to strike decisive blows against our enemies. From Pakistan to Yemen, the al Qaeda operatives who remain are scrambling, knowing that they can’t escape the reach of the United States of America.
From this position of strength, we’ve begun to wind down the war in Afghanistan. Ten thousand of our troops have come home. Twenty-three thousand more will leave by the end of this summer. This transition to Afghan lead will continue, and we will build an enduring partnership with Afghanistan, so that it is never again a source of attacks against America.
As the tide of war recedes, a wave of change has washed across the Middle East and North Africa, from Tunis to Cairo; from Sana’a to Tripoli. A year ago, Qadhafi was one of the world’s longest-serving dictators – a murderer with American blood on his hands. Today, he is gone. And in Syria, I have no doubt that the Assad regime will soon discover that the forces of change can’t be reversed, and that human dignity can’t be denied.
How this incredible transformation will end remains uncertain. But we have a huge stake in the outcome. And while it is ultimately up to the people of the region to decide their fate, we will advocate for those values that have served our own country so well. We will stand against violence and intimidation. We will stand for the rights and dignity of all human beings – men and women; Christians, Muslims, and Jews. We will support policies that lead to strong and stable democracies and open markets, because tyranny is no match for liberty.
And we will safeguard America’s own security against those who threaten our citizens, our friends, and our interests. Look at Iran. Through the power of our diplomacy, a world that was once divided about how to deal with Iran’s nuclear program now stands as one. The regime is more isolated than ever before; its leaders are faced with crippling sanctions, and as long as they shirk their responsibilities, this pressure will not relent. Let there be no doubt: America is determined to prevent Iran from getting a nuclear weapon, and I will take no options off the table to achieve that goal. But a peaceful resolution of this issue is still possible, and far better, and if Iran changes course and meets its obligations, it can rejoin the community of nations.
The renewal of American leadership can be felt across the globe. Our oldest alliances in Europe and Asia are stronger than ever. Our ties to the Americas are deeper. Our iron-clad commitment to Israel’s security has meant the closest military cooperation between our two countries in history. We’ve made it clear that America is a Pacific power, and a new beginning in Burma has lit a new hope. From the coalitions we’ve built to secure nuclear materials, to the missions we’ve led against hunger and disease; from the blows we’ve dealt to our enemies; to the enduring power of our moral example, America is back.
Anyone who tells you otherwise, anyone who tells you that America is in decline or that our influence has waned, doesn’t know what they’re talking about. That’s not the message we get from leaders around the world, all of whom are eager to work with us. That’s not how people feel from Tokyo to Berlin; from Cape Town to Rio; where opinions of America are higher than they’ve been in years. Yes, the world is changing; no, we can’t control every event. But America remains the one indispensable nation in world affairs – and as long as I’m President, I intend to keep it that way.
That’s why, working with our military leaders, I have proposed a new defense strategy that ensures we maintain the finest military in the world, while saving nearly half a trillion dollars in our budget. To stay one step ahead of our adversaries, I have already sent this Congress legislation that will secure our country from the growing danger of cyber-threats.
Above all, our freedom endures because of the men and women in uniform who defend it. As they come home, we must serve them as well as they served us. That includes giving them the care and benefits they have earned – which is why we’ve increased annual VA spending every year I’ve been President. And it means enlisting our veterans in the work of rebuilding our Nation.
With the bipartisan support of this Congress, we are providing new tax credits to companies that hire vets. Michelle and Jill Biden have worked with American businesses to secure a pledge of 135,000 jobs for veterans and their families. And tonight, I’m proposing a Veterans Job Corps that will help our communities hire veterans as cops and firefighters, so that America is as strong as those who defend her.
Which brings me back to where I began. Those of us who’ve been sent here to serve can learn from the service of our troops. When you put on that uniform, it doesn’t matter if you’re black or white; Asian or Latino; conservative or liberal; rich or poor; gay or straight. When you’re marching into battle, you look out for the person next to you, or the mission fails. When you’re in the thick of the fight, you rise or fall as one unit, serving one Nation, leaving no one behind.
One of my proudest possessions is the flag that the SEAL Team took with them on the mission to get bin Laden. On it are each of their names. Some may be Democrats. Some may be Republicans. But that doesn’t matter. Just like it didn’t matter that day in the Situation Room, when I sat next to Bob Gates – a man who was George Bush’s defense secretary; and Hillary Clinton, a woman who ran against me for president.
All that mattered that day was the mission. No one thought about politics. No one thought about themselves. One of the young men involved in the raid later told me that he didn’t deserve credit for the mission. It only succeeded, he said, because every single member of that unit did their job – the pilot who landed the helicopter that spun out of control; the translator who kept others from entering the compound; the troops who separated the women and children from the fight; the SEALs who charged up the stairs. More than that, the mission only succeeded because every member of that unit trusted each other – because you can’t charge up those stairs, into darkness and danger, unless you know that there’s someone behind you, watching your back.
So it is with America. Each time I look at that flag, I’m reminded that our destiny is stitched together like those fifty stars and those thirteen stripes. No one built this country on their own. This Nation is great because we built it together. This Nation is great because we worked as a team. This Nation is great because we get each other’s backs. And if we hold fast to that truth, in this moment of trial, there is no challenge too great; no mission too hard. As long as we’re joined in common purpose, as long as we maintain our common resolve, our journey moves forward, our future is hopeful, and the state of our Union will always be strong.
Thank you, God bless you, and may God bless the United States of America.
Is Zbigniew Brzezinski, national security advisor to Jimmy Carter, losing his mental faculties?
He's old, 83.
Can we use his advanced age as an excuse for his bizarre suggestion that lists of rich people be made published so angry mobs can pressure them to surrender their wealth?
Brzezinski's inane spewings sound like those of the incoherent Occupy Wall Street protesters. He doesn't seem like someone with an impressive intellect.
From NewsBusters, here's video of Brzezinski:
Transcript
ZBIGNIEW BRZEZINSKI: You know, I've been looking at this worldwide riots that are developing. They're all a reflection of deep passion, deep resentment, and fear. Now the question’s where will this go? How can this be sort of concretized? And one thought that has occurred to me, and let me sort of mention it here casually without having really thought it through systemically. I think it will be increasingly helpful if there was a movement to publish worldwide lists of people who make largely through speculation enormous amounts of money almost instantly and basically hide the fact from their social contexts. You know, how many Americans are really fully aware of how many other good people – that’s like Warren Buffett and others - who really donate a lot of their earnings to charities, to philanthropy? But how many more are there in the hedge funds, in the banks, in a variety of other places who on the basis of speculation literally make millions of dollars that it would take a century or two for the average person ever to make. I would like to see those lists. And they shouldn't be that difficult to produce. And I think public pressure might have also some effect, not only in terms of moving towards more systematic international coordination and regulation, but also to pressure some of those people to give some of it back, back to society.
...
BRZEZINSKI: But unfortunately, there is an even larger number of people who massively enrich themselves over the last decade, incredibly so, to the degree that we now have this highly disproportionate social divisions between the rich and the poor. And I think they should be made known publicly. Public pressure, public condemnation, public shame can be very effective…I think public disclosure by the mass media could go a long way towards a social awakening that's responsible and constructive in its effects and doesn't produce stupid counterproductive witch hunt.
Obama's town hall meeting with an invited audience in Mountain View, California, included a stunningly lame little dance. A guy begged Obama to raise his taxes. The "question" came from a very rich liberal and big Democrat donor.
Video, from Breitbart:
Here's the transcript, from the White House:
THE PRESIDENT: That guy -- the guy in the glasses right back in the -- right in the back there. Why not?
Q Thank you, Mr. President. I don’t have a job, but that’s because I’ve been lucky enough to live in Silicon Valley for a while and work for a small startup down the street here that did quite well. So I’m unemployed by choice. My question is would you please raise my taxes? (Laughter and applause.) I would like very much to have the country to continue to invest in things like Pell Grants and infrastructure and job training programs that made it possible for me to get to where I am. And it kills me to see Congress not supporting the expiration of the tax cuts that have been benefiting so many of us for so long. I think that needs to change, and I hope that you will stay strong in doing that.
THE PRESIDENT: Well, I appreciate it. What was the startup, by the way? You want to give me a little hint?
Q It’s a search engine. (Laughter.)
THE PRESIDENT: Worked out pretty well, huh?
Q Yes. (Laughter.)
THE PRESIDENT: Well, look, let me just talk about taxes for a second. I’ve made this point before, but I want to reiterate this. So often the tax debate gets framed as “class warfare.” And, look, as I said at the outset, America’s success is premised on individuals, entrepreneurs having a great idea, going out there and pursuing their dreams and making a whole lot of money in the process. And that’s great. That’s part of what makes America so successful.
But as you just pointed out, we’re successful because somebody invested in our education, somebody built schools, somebody created incredible universities. I went to school on scholarship. Michelle -- her dad was what’s called a stationary engineer at the water reclamation district; never owned his own home, but he always paid his bills; had multiple sclerosis, struggled to get to work every day, but never missed a day on the job; never went to college, but he was able to send his daughter to Princeton and on to Harvard Law School. We benefited from somebody, somewhere making an investment in us. And I don’t care who you are, that’s true of all of us.
Look at this room. I mean, look at the diversity of the people here. A lot of us are -- parents came from someplace else, or grandparents came from someplace else. They benefited from a public school system, or an incredible university network, or the infrastructure that allows us to move products and services around the globe, or the scientific research that -- Silicon Valley is built on research that no individual company would have made on their own because you couldn’t necessarily capture the value of the nascent Internet.
So the question becomes: If we’re going to make those investments, how do we pay for it? Now, the income of folks at the top has gone up exponentially over the last couple of decades, whereas the incomes and wages of the middle class have flat-lined over the last 15 years. So this young lady’s mom, who’s been working in food services, she doesn’t have a lot of room to spare. Those of us who have been fortunate, we do. And we’re not talking about going to punitive rates that would somehow inhibit you from wanting to be part of a startup or work hard to be successful. We’re talking about going back to the rates that existed as recently as in the ‘90s, when, as I recall, Silicon Valley was doing pretty good, and well-to-do people were going pretty well. And it turns out, in fact, during that period, the rich got richer. The middle class expanded. People rose out of poverty, because everybody was doing well.
So this is not an issue of do we somehow try to punish those who have done well. That’s the last thing we want to do. It’s a question of how can we afford to continue to make the investments that are going to propel American forward.
If we don’t improve our education system, for example, we will all fall behind. We will all fall behind. That’s just -- that’s a fact. And the truth is, is that on every indicator -- from college graduation rates to math and science scores -- we are slipping behind other developed countries. And that’s going to have an impact in terms of, if you’re a startup, are you going to be able to find enough engineers? It’s going to have an impact in terms of, is the infrastructure here good enough that you can move products to market? It’s going to have an impact on your ability to recruit top talent from around the world. And so we all have an investment in improving our education system.
Now, money is not going to solve the entire problem. That’s why we’ve initiated reforms like Race to the Top that says we’re going to have higher standards for everybody. We’re going to not just have kids taught to the test, but we’re going to make sure that we empower teachers, but we’re also going to hold them accountable, and improve how we train our principals and our teachers. So we’re willing to make a whole bunch of reforms, but, at some point, money makes a difference. If we don't have enough science teachers in the classroom, we’re going to have problems. Somebody has got to pay for it.
And, right now, we’ve got the lowest tax rates we’ve had since the 1950s. And some of the Republican proposals would take it back -- as a percentage of GDP -- back to where we were back in the 1920s. You can’t have a modern industrial economy like that.
So I appreciate your sentiment. I appreciate the fact that you recognize we’re in this thing together. We’re not on our own. And those of us who’ve been successful, we’ve always got to remember that.
Q I know a lot of people in that same situation, and every one of them has said that they would support an increase in their taxes -- so, please. (Applause.)
THE PRESIDENT: Well, we’re going to get to work. Thank you.
"Would you please raise my taxes?"
Oh, liberals gushed when a rich audience member asked Obama that question today. It seems relevant to point out that this rich liberal is Doug Edwards from the Obama-friendly and regulation-friendly Google.
Edwards has given $300,000 to politicians since 2000 -- every single dime to Democrats. He specifically said he wanted his higher taxes to cover Pell Grants.
That's about 60 Pell Grants he could have provided.
Federal and state income tax codes specify a minimum tax obligation on the basis of income. In other words, millionaires and billionaires like Mr. Buffett — and any other taxpayer for that matter — can pay more taxes to the government without waiting for Congress or their state legislatures to tell them they must.
Yesterday in his announcement about raising the tax rates of the rich, Obama said, "This is not class warfare. It's math."
According to the Associated Press, it's also spin and distortions.
AP does a fact check of Obama's insistence that the rich pay taxes at a lower rate than the middle class.
President Barack Obama makes it sound like there are millionaires all over America paying taxes at lower rates than their secretaries.
"Middle-class families shouldn't pay higher taxes than millionaires and billionaires," Obama said Monday. "That's pretty straightforward. It's hard to argue against that."
The data tells a different story. 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.
There may be individual millionaires who pay taxes at rates lower than middle-income workers. In 2009, 1,470 households filed tax returns with incomes above $1 million yet paid no federal income tax, according to the Internal Revenue Service. That, however, was less than 1 percent of the nearly 237,000 returns with incomes above $1 million.
In his White House address Monday, Obama called on Congress to increase taxes by $1.5 trillion as part of a 10-year deficit reduction package totaling more than $3 trillion. He proposed that Congress overhaul the tax code and impose what he called the "Buffett rule," named for billionaire investor Warren Buffett.
The rule says, "People making more than $1 million a year should not pay a smaller share of their income in taxes than middle-class families pay."
"Warren Buffett's secretary shouldn't pay a higher tax rate than Warren Buffett. There is no justification for it," Obama said. "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."
Buffett wrote in a recent piece for The New York Times that the tax rate he paid last year was lower than that paid by any of the other 20 people in his office.
This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes, including income taxes and payroll taxes, according to the Tax Policy Center, a Washington think tank.
Households making between $50,000 and $75,000 will pay 15 percent of their income in federal taxes.
Lower-income households will pay less. For example, households making between $40,000 and $50,000 will pay an average of 12.5 percent of their income in federal taxes. Households making between $20,000 and $30,000 will pay 5.7 percent.
The latest IRS data is a few years older—and it's limited to federal income taxes—but it shows much the same thing. In 2009, taxpayers who made $1 million or more paid on average 24.4 percent of their income in federal income taxes, according to the IRS.
Those making $100,000 to $125,000 paid on average 9.9 percent in federal income taxes. Those making $50,000 to $60,000 paid an average of 6.3 percent.
This morning, Obama made remarks about his plan.
He is bent on raising taxes.
He insists that he's not engaged in class warfare, merely math.
Right.
Here's video:
Transcript, from the White House:
Remarks by the President on Economic Growth and Deficit Reduction
Rose Garden
10:56 A.M. EDT
THE PRESIDENT: Good morning, everybody. Please have a seat.
A week ago today, I sent Congress the American Jobs Act. It’s a plan that will lead to new jobs for teachers, for construction workers, for veterans, and for the unemployed. It will cut taxes for every small business owner and virtually every working man and woman in America. And the proposals in this jobs bill are the kinds that have been supported by Democrats and Republicans in the past. So there shouldn’t be any reason for Congress to drag its feet. They should pass it right away. I'm ready to sign a bill. I've got the pens all ready.
Now, as I said before, Congress should pass this bill knowing that every proposal is fully paid for. The American Jobs Act will not add to our nation’s debt. And today, I’m releasing a plan that details how to pay for the jobs bill while also paying down our debt over time.
And this is important, because the health of our economy depends in part on what we do right now to create the conditions where businesses can hire and middle-class families can feel a basic measure of economic security. But in the long run, our prosperity also depends on our ability to pay down the massive debt we’ve accumulated over the past decade in a way that allows us to meet our responsibilities to each other and to the future.
During this past decade, profligate spending in Washington, tax cuts for multi-millionaires and billionaires, the cost of two wars, and the recession turned a record surplus into a yawning deficit, and that left us with a big pile of IOUs. If we don’t act, that burden will ultimately fall on our children’s shoulders. If we don’t act, the growing debt will eventually crowd out everything else, preventing us from investing in things like education, or sustaining programs like Medicare.
So Washington has to live within its means. The government has to do what families across this country have been doing for years. We have to cut what we can’t afford to pay for what really matters. We need to invest in what will promote hiring and economic growth now while still providing the confidence that will come with a plan that reduces our deficits over the long-term.
These principles were at the heart of the deficit framework that I put forward in April. It was an approach to shrink the deficit as a share of the economy, but not to do so so abruptly with spending cuts that would hamper growth or prevent us from helping small businesses and middle-class families get back on their feet.
It was an approach that said we need to go through the budget line-by-line looking for waste, without shortchanging education and basic scientific research and road construction, because those things are essential to our future. And it was an approach that said we shouldn't balance the budget on the backs of the poor and the middle class; that for us to solve this problem, everybody, including the wealthiest Americans and biggest corporations, have to pay their fair share.
Now, during the debt ceiling debate, I had hoped to negotiate a compromise with the Speaker of the House that fulfilled these principles and achieved the $4 trillion in deficit reduction that leaders in both parties have agreed we need -- a grand bargain that would have strengthened our economy, instead of weakened it. Unfortunately, the Speaker walked away from a balanced package. What we agreed to instead wasn’t all that grand. But it was a start -- roughly $1 trillion in cuts to domestic spending and defense spending.
Everyone knows we have to do more, and a special joint committee of Congress is assigned to find more deficit reduction. So, today, I’m laying out a set of specific proposals to finish what we started this summer -- proposals that live up to the principles I’ve talked about from the beginning. It’s a plan that reduces our debt by more than $4 trillion, and achieves these savings in a way that is fair -- by asking everybody to do their part so that no one has to bear too much of the burden on their own.
All told, this plan cuts $2 in spending for every dollar in new revenues. In addition to the $1 trillion in spending that we’ve already cut from the budget, our plan makes additional spending cuts that need to happen if we’re to solve this problem. We reform agricultural subsidies -- subsidies that a lot of times pay large farms for crops that they don't grow. We make modest adjustments to federal retirement programs. We reduce by tens of billions of dollars the tax money that goes to Fannie Mae and Freddie Mac. We also ask the largest financial firms -- companies saved by tax dollars during the financial crisis -- to repay the American people for every dime that we spent. And we save an additional $1 trillion as we end the wars in Iraq and Afghanistan.
These savings are not only counted as part of our plan, but as part of the budget plan that nearly every Republican on the House voted for.
Finally, this plan includes structural reforms to reduce the cost of health care in programs like Medicare and Medicaid. Keep in mind we've already included a number of reforms in the health care law, which will go a long way towards controlling these costs. But we're going to have to do a little more. This plan reduces wasteful subsidies and erroneous payments while changing some incentives that often lead to excessive health care costs. It makes prescriptions more affordable through faster approval of generic drugs. We’ll work with governors to make Medicaid more efficient and more accountable. And we’ll change the way we pay for health care. Instead of just paying for procedures, providers will be paid more when they improve results -- and such steps will save money and improve care.
These changes are phased in slowly to strengthen Medicare and Medicaid over time. Because while we do need to reduce health care costs, I’m not going to allow that to be an excuse for turning Medicare into a voucher program that leaves seniors at the mercy of the insurance industry. And I'm not going to stand for balancing the budget by denying or reducing health care for poor children or those with disabilities. So we will reform Medicare and Medicaid, but we will not abandon the fundamental commitment that this country has kept for generations.
And by the way, that includes our commitment to Social Security. I've said before, Social Security is not the primary cause of our deficits, but it does face long-term challenges as our country grows older. And both parties are going to need to work together on a separate track to strengthen Social Security for our children and our grandchildren.
So this is how we can reduce spending: by scouring the budget for every dime of waste and inefficiency, by reforming government spending, and by making modest adjustments to Medicare and Medicaid. But all these reductions in spending, by themselves, will not solve our fiscal problems. We can’t just cut our way out of this hole. It’s going to take a balanced approach. If we’re going to make spending cuts -- many of which we wouldn’t make if we weren’t facing such large budget deficits -- then it’s only right that we ask everyone to pay their fair share.
You know, last week, Speaker of the House John Boehner gave a speech about the economy. And to his credit, he made the point that we can’t afford the kind of politics that says it’s “my way or the highway.” I was encouraged by that. Here’s the problem: In that same speech, he also came out against any plan to cut the deficit that includes any additional revenues whatsoever. He said -- I'm quoting him -- there is “only one option.” And that option and only option relies entirely on cuts. That means slashing education, surrendering the research necessary to keep America’s technological edge in the 21st century, and allowing our critical public assets like highways and bridges and airports to get worse. It would cripple our competiveness and our ability to win the jobs of the future. And it would also mean asking sacrifice of seniors and the middle class and the poor, while asking nothing of the wealthiest Americans and biggest corporations.
So the Speaker says we can’t have it "my way or the highway," and then basically says, my way -- or the highway. (Laughter.) That’s not smart. It’s not right. If we’re going to meet our responsibilities, we have to do it together.
Now, I’m proposing real, serious cuts in spending. When you include the $1 trillion in cuts I’ve already signed into law, these would be among the biggest cuts in spending in our history. But they’ve got to be part of a larger plan that’s balanced –- a plan that asks the most fortunate among us to pay their fair share, just like everybody else.
And that’s why this plan eliminates tax loopholes that primarily go to the wealthiest taxpayers and biggest corporations –- tax breaks that small businesses and middle-class families don’t get. And if tax reform doesn't get done, this plan asks the wealthiest Americans to go back to paying the same rates that they paid during the 1990s, before the Bush tax cuts.
I promise it’s not because anybody looks forward to the prospects of raising taxes or paying more taxes. I don’t. In fact, I’ve cut taxes for the middle class and for small businesses, and through the American Jobs Act, we’d cut taxes again to promote hiring and put more money into the pockets of people. But we can’t afford these special lower rates for the wealthy -– rates, by the way, that were meant to be temporary. Back when these first -- these tax cuts, back in 2001, 2003, were being talked about, they were talked about temporary measures. We can’t afford them when we’re running these big deficits.
Now, I am also ready to work with Democrats and Republicans to reform our entire tax code, to get rid of the decades of accumulated loopholes, special interest carve-outs, and other tax expenditures that stack the deck against small business owners and ordinary families who can’t afford Washington lobbyists or fancy accountants. Our tax code is more than 10,000 pages long. If you stack up all the volumes, they’re almost five feet tall. That means that how much you pay often depends less on what you make and more on how well you can game the system, and that's especially true of the corporate tax code.
We’ve got one of the highest corporate tax rates in the world, but it’s riddled with exceptions and special interest loopholes. So some companies get out paying a lot of taxes, while the rest of them end up having to foot the bill. And this makes our entire economy less competitive and our country a less desirable place to do business.
That has to change. Our tax code shouldn’t give an advantage to companies with the best-connected lobbyists. It should give an advantage to companies that invest in the United States of America and create jobs in the United States of America. And we can lower the corporate rate if we get rid of all these special deals.
So I am ready, I am eager, to work with Democrats and Republicans to reform the tax code to make it simpler, make it fairer, and make America more competitive. But any reform plan will have to raise revenue to help close our deficit. That has to be part of the formula. And any reform should follow another simple principle: Middle-class families shouldn’t pay higher taxes than millionaires and billionaires. That’s pretty straightforward. It’s hard to argue against that. Warren Buffett’s secretary shouldn’t pay a higher tax rate than Warren Buffett. There is no justification for it.
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. Anybody who says we can’t change the tax code to correct that, anyone who has signed some pledge to protect every single tax loophole so long as they live, they should be called out. They should have to defend that unfairness -- explain why somebody who's making $50 million a year in the financial markets should be paying 15 percent on their taxes, when a teacher making $50,000 a year is paying more than that -- paying a higher rate. They ought to have to answer for it. And if they’re pledged to keep that kind of unfairness in place, they should remember, the last time I checked the only pledge that really matters is the pledge we take to uphold the Constitution.
Now, we’re already hearing the usual defenders of these kinds of loopholes saying this is just “class warfare.” I reject the idea that asking a hedge fund manager to pay the same tax rate as a plumber or a teacher is class warfare. I think it’s just the right the thing to do. I believe the American middle class, who've been pressured relentlessly for decades, believe it’s time that they were fought for as hard as the lobbyists and some lawmakers have fought to protect special treatment for billionaires and big corporations.
Nobody wants to punish success in America. What’s great about this country is our belief that anyone can make it and everybody should be able to try -– the idea that any one of us can open a business or have an idea and make us millionaires or billionaires. This is the land of opportunity. That’s great. All I’m saying is that those who have done well, including me, should pay our fair share in taxes to contribute to the nation that made our success possible. We shouldn’t get a better deal than ordinary families get. And I think most wealthy Americans would agree if they knew this would help us grow the economy and deal with the debt that threatens our future.
It comes down to this: We have to prioritize. Both parties agree that we need to reduce the deficit by the same amount -- by $4 trillion. So what choices are we going to make to reach that goal? Either we ask the wealthiest Americans to pay their fair share in taxes, or we’re going to have to ask seniors to pay more for Medicare. We can’t afford to do both.
Either we gut education and medical research, or we’ve got to reform the tax code so that the most profitable corporations have to give up tax loopholes that other companies don’t get. We can’t afford to do both.
This is not class warfare. It’s math. (Laughter.) The money is going to have to come from someplace. And if we’re not willing to ask those who've done extraordinarily well to help America close the deficit and we are trying to reach that same target of $4 trillion, then the logic, the math says everybody else has to do a whole lot more: We’ve got to put the entire burden on the middle class and the poor. We’ve got to scale back on the investments that have always helped our economy grow. We’ve got to settle for second-rate roads and second-rate bridges and second-rate airports, and schools that are crumbling.
That’s unacceptable to me. That’s unacceptable to the American people. And it will not happen on my watch. I will not support -- I will not support -- any plan that puts all the burden for closing our deficit on ordinary Americans. And I will veto any bill that changes benefits for those who rely on Medicare but does not raise serious revenues by asking the wealthiest Americans or biggest corporations to pay their fair share. We are not going to have a one-sided deal that hurts the folks who are most vulnerable.
None of the changes I’m proposing are easy or politically convenient. It’s always more popular to promise the moon and leave the bill for after the next election or the election after that. That’s been true since our founding. George Washington grappled with this problem. He said, “Towards the payment of debts, there must be revenue; that to have revenue there must be taxes; [and] no taxes can be devised which are not more or less inconvenient and unpleasant.” He understood that dealing with the debt is -- these are his words -- “always a choice of difficulties.” But he also knew that public servants weren’t elected to do what was easy; they weren’t elected to do what was politically advantageous. It’s our responsibility to put country before party. It’s our responsibility to do what’s right for the future.
And that’s what this debate is about. It’s not about numbers on a ledger; it’s not about figures on a spreadsheet. It’s about the economic future of this country, and it’s about whether we will do what it takes to create jobs and growth and opportunity while facing up to the legacy of debt that threatens everything we’ve built over generations.
And it’s also about fairness. It’s about whether we are, in fact, in this together, and we’re looking out for one another. We know what’s right. It’s time to do what’s right.
Thank you very much. (Applause.)
END
11:16 A.M. EDT
Obama intends to raise taxes and wage class warfare.
Does he really think that taking people's money away and giving it to the government will improve the economy?
I'm not sure he wants the economy to improve.
Obama's main concern is getting reelected. I don't think he cares more about anything else.
Reelection is his top priority - whatever it takes to get another term.
From the Associated Press, via FOX News:
President Barack Obama is expected to seek a new base tax rate for the wealthy to ensure that millionaires pay at least at the same percentage as middle income taxpayers.
A White House official said the proposal would be included in the president's proposal for long term deficit reduction that he will announce Monday. The official spoke anonymously because the plan has not been officially announced.
Obama is going to call it the "Buffett Rule" for Warren Buffett, the billionaire investor who has complained that rich people like him pay a smaller share of their income in federal taxes than middle-class taxpayers.
...The measure would be in addition to $447 billion in new tax revenue that Obama is seeking to pay for his short-term spending and tax cutting plan to jump start the economy.
Chuck Woolery has a message for the likes of Warren Buffett and Matt Damon, those wanting the rich to pay higher taxes.
There's no need to wait for Congress to act and change the tax code.
Just mail your check to the government now, rich guys!
The Bureau of the Public Debt
Department G
P.O. Box 2188
Parkersburg, WV 26106
Warren Buffet is a hypocrite.
The guy who's always talking about wanting to pay higher taxes has been avoiding paying taxes.
From NewsBusters:
As NewsBusters reported Monday, American media almost completely ignored a report that Warren "Raise My Taxes" Buffett's company Berkshire Hathaway has been fighting with the IRS for almost a decade over taxes it owes.
On Tuesday, the organization digging into Berkshire Hathaway's numbers, Americans for Limited Government, estimated the total could be as much as $1 billion.
...Now that the money involved is 10 figures, will anyone in the Obama-loving media address the hypocrisy of one of the President's wealthiest supporters?
Here's the complete video of Obama's remarks on the S&P downgrade:
Here's the transcript, from the White House:
1:52 P.M. EDT
THE PRESIDENT: Good afternoon, everybody. On Friday, we learned that the United States received a downgrade by one of the credit rating agencies -- not so much because they doubt our ability to pay our debt if we make good decisions, but because after witnessing a month of wrangling over raising the debt ceiling, they doubted our political system’s ability to act. The markets, on the other hand, continue to believe our credit status is AAA. In fact, Warren Buffett, who knows a thing or two about good investments, said, “If there were a quadruple-A rating, I’d give the United States that.” I, and most of the world’s investors, agree.
That doesn’t mean we don’t have a problem. The fact is, we didn’t need a rating agency to tell us that we need a balanced, long-term approach to deficit reduction. That was true last week. That was true last year. That was true the day I took office. And we didn’t need a rating agency to tell us that the gridlock in Washington over the last several months has not been constructive, to say the least. We knew from the outset that a prolonged debate over the debt ceiling -- a debate where the threat of default was used as a bargaining chip -- could do enormous damage to our economy and the world’s. That threat, coming after a string of economic disruptions in Europe, Japan and the Middle East, has now roiled the markets and dampened consumer confidence and slowed the pace of recovery.
So all of this is a legitimate source of concern. But here’s the good news: Our problems are eminently solvable.* And we know what we have to do to solve them. With respect to debt, our problem is not confidence in our credit -- the markets continue to reaffirm our credit as among the world’s safest. Our challenge is the need to tackle our deficits over the long term.
Last week, we reached an agreement that will make historic cuts to defense and domestic spending. But there’s not much further we can cut in either of those categories. What we need to do now is combine those spending cuts with two additional steps: tax reform that will ask those who can afford it to pay their fair share and modest adjustments to health care programs like Medicare.
Making these reforms doesn’t require any radical steps. What it does require is common sense and compromise. There are plenty of good ideas about how to achieve long-term deficit reduction that doesn’t hamper economic growth right now. Republicans and Democrats on the bipartisan fiscal commission that I set up put forth good proposals. Republicans and Democrats in the Senate’s Gang of Six came up with some good proposals. John Boehner and I came up with some good proposals when we came close to agreeing on a grand bargain.
So it’s not a lack of plans or policies that’s the problem here. It’s a lack of political will in Washington. It’s the insistence on drawing lines in the sand, a refusal to put what’s best for the country ahead of self-interest or party or ideology. And that’s what we need to change.
I realize that after what we just went through, there’s some skepticism that Republicans and Democrats on the so-called super committee, this joint committee that’s been set up, will be able to reach a compromise, but my hope is that Friday’s news will give us a renewed sense of urgency. I intend to present my own recommendations over the coming weeks on how we should proceed. And that committee will have this administration’s full cooperation. And I assure you, we will stay on it until we get the job done.
Of course, as worrisome as the issues of debt and deficits may be, the most immediate concern of most Americans, and of concern to the marketplace as well, is the issue of jobs and the slow pace of recovery coming out of the worst recession in our lifetimes.
And the good news here is that by coming together to deal with the long-term debt challenge, we would have more room to implement key proposals that can get the economy to grow faster. Specifically, we should extend the payroll tax cut as soon as possible, so that workers have more money in their paychecks next year and businesses have more customers next year.
We should continue to make sure that if you’re one of the millions of Americans who’s out there looking for a job, you can get the unemployment insurance that your tax dollars contributed to. That will also put money in people’s pockets and more customers in stores.
In fact, if Congress fails to extend the payroll tax cut and the unemployment insurance benefits that I’ve called for, it could mean 1 million fewer jobs and half a percent less growth. This is something we can do immediately, something we can do as soon as Congress gets back.
We should also help companies that want to repair our roads and bridges and airports, so that thousands of construction workers who’ve been without a job for the last few years can get a paycheck again. That will also help to spur economic growth.
These aren’t Democratic proposals. These aren’t big government proposals. These are all ideas that traditionally Republicans have agreed to, have agreed to countless times in the past. There’s no reason we shouldn’t act on them now. None.
I know we’re going through a tough time right now. We’ve been going through a tough time for the last two and a half years. And I know a lot of people are worried about the future. But here’s what I also know: There will always be economic factors that we can’t control –- earthquakes, spikes in oil prices, slowdowns in other parts of the world. But how we respond to those tests -- that’s entirely up to us.
Markets will rise and fall, but this is the United States of America. No matter what some agency may say, we’ve always been and always will be a AAA country. For all of the challenges we face, we continue to have the best universities, some of the most productive workers, the most innovative companies, the most adventurous entrepreneurs on Earth. What sets us apart is that we’ve always not just had the capacity, but also the will to act -- the determination to shape our future; the willingness in our democracy to work out our differences in a sensible way and to move forward, not just for this generation but for the next generation.
And we’re going to need to summon that spirit today. The American people have been through so much over the last few years, dealing with the worst recession, the biggest financial crisis since the 1930s, and they’ve done it with grace. And they’re working so hard to raise their families, and all they ask is that we work just as hard, here in this town, to make their lives a little easier. That’s not too much to ask. And ultimately, the reason I am so hopeful about our future -- the reason I have faith in these United States of America -- is because of the American people. It’s because of their perseverance, and their courage, and their willingness to shoulder the burdens we face -– together, as one nation.
One last thing. There is no one who embodies the qualities I mentioned more than the men and women of the United States Armed Forces. And this weekend, we lost 30 of them when their helicopter crashed during a mission in Afghanistan. And their loss is a stark reminder of the risks that our men and women in uniform take every single day on behalf of their county. Day after day, night after night, they carry out missions like this in the face of enemy fire and grave danger. And in this mission –- as in so many others -– they were also joined by Afghan troops, seven of whom lost their lives as well.
So I’ve spoken to our generals in the field, as well as President Karzai. And I know that our troops will continue the hard work of transitioning to a stronger Afghan government and ensuring that Afghanistan is not a safe haven for terrorists. We will press on. And we will succeed.
But now is also a time to reflect on those we lost, and the sacrifices of all who serve, as well as their families. These men and women put their lives on the line for the values that bind us together as a nation. They come from different places, and their backgrounds and beliefs reflect the rich diversity of America.
But no matter what differences they might have as individuals, they serve this nation as a team. They meet their responsibilities together. And some of them -- like the 30 Americans who were lost this weekend –- give their lives for their country. Our responsibility is to ensure that their legacy is an America that reflects their courage, their commitment, and their sense of common purpose.
Thank you very much.
END 2:03 P.M. EDT
Obviously this is Obama's low point. Whether he recovers depends on unemployment and GDP more than SuperCommittee debt proposal.
The recession officially ended more than a year ago.
It ended in June 2009.
Woo hoo!
That is such great news.
Joan Rivers is thrilled.
She tweets:
I read that the recession is officially over! THANK GOD! I'm going out to buy the aspirin, lightbulbs and that new comb I've held off on!!
Billionaire investor Warren Buffett said the U.S. economy remains in recession, disputing this week's assessment by a leading arbiter of economic activity that the downturn ended more than a year ago.
"We're still in a recession," Buffett told CNBC television in an interview broadcast on Thursday. "We're not gonna be out of it for a while, but we will get out."
Warren Buffet isn't sounding hopeful about the economy.
Video.
Yesterday, Barack Obama handed down a commandment to Republicans:
Thou Shalt Not Listen to Rush Limbaugh.
President Obama warned Republicans on Capitol Hill today that they need to quit listening to radio king Rush Limbaugh if they want to get along with Democrats and the new administration.
"You can't just listen to Rush Limbaugh and get things done," he told top GOP leaders, whom he had invited to the White House to discuss his nearly $1 trillion stimulus package.
One White House official confirmed the comment but said he was simply trying to make a larger point about bipartisan efforts.
"There are big things that unify Republicans and Democrats," the official said. "We shouldn't let partisan politics derail what are very important things that need to get done."
That wasn't Obama's only jab at Republicans today.
While discussing the stimulus package with top lawmakers in the White House's Roosevelt Room, President Obama shot down a critic with a simple message.
"I won," he said, according to aides who were briefed on the meeting. "I will trump you on that."
There are two things going on here. One prong of the Great Unifier's plan is to isolate elected Republicans from their voters and supporters by making the argument about me and not about his plan. He is hoping that these Republicans will also publicly denounce me and thus marginalize me. And who knows? Are ideological and philosophical ties enough to keep the GOP loyal to their voters? Meanwhile, the effort to foist all blame for this mess on the private sector continues unabated when most of the blame for this current debacle can be laid at the feet of the Congress and a couple of former presidents. And there is a strategic reason for this.
Secondly, here is a combo quote from the meeting:"If we don't get this done we (the Democrats) could lose seats and I could lose re-election. But we can't let people like Rush Limbaugh stall this. That's how things don't get done in this town."
To make the argument about me instead of his plan makes sense from his perspective. Obama's plan would buy votes for the Democrat Party, in the same way FDR's New Deal established majority power for 50 years of Democrat rule, and it would also simultaneously seriously damage any hope of future tax cuts. It would allow a majority of American voters to guarantee no taxes for themselves going forward. It would burden the private sector and put the public sector in permanent and firm control of the economy. Put simply, I believe his stimulus is aimed at re-establishing "eternal" power for the Democrat Party rather than stimulating the economy because anyone with a brain knows this is NOT how you stimulate the economy. If I can be made to serve as a distraction, then there is that much less time debating the merits of this TRILLION dollar debacle.
Obama was angry that Merrill Lynch used $1.2 million of TARP money to remodel an executive suite. Excuse me, but didn't Merrill have to hire a decorator and contractor? Didn't they have to buy the new furnishings? What's the difference in that and Merrill loaning that money to a decorator, contractor and goods supplier to remodel Warren Buffet's office? Either way, stimulus in the private sector occurs. Are we really at the point where the bad PR of Merrill getting a redecorated office in the process is reason to smear them? How much money will the Obamas spend redecorating the White House residence? Whose money will be spent? I have no problem with the Obamas redoing the place. It is tradition. 600 private jets flown by rich Democrats flew into the Inauguration. That's fine but the auto execs using theirs is a crime? In both instances, the people on those jets arrived in Washington wanting something from Washington, not just good will.
If I can be made to serve as a distraction, then there is that much less time debating the merits of the trillion dollar debacle.
One more thing, Byron. Your publication and website have documented Obama's ties to the teachings of Saul Alinksy while he was community organizing in Chicago. Here is Rule 13 of Alinksy's Rules for Radicals:"Pick the target, freeze it, personalize it, and polarize it."
Pick the target, freeze it, personalize it, polarize it. Don’t try to attack abstract corporations or bureaucracies. Identify a responsible individual. Ignore attempts to shift or spread the blame.
Rush to Announce a Bipartisan Plan to Resolve the Fight Over the Stimulus Package on Monday's Show
Let's stop the acrimony. Let's start solving our problems... together. Why wait another day?
"The only thing [Trump's] mouth is good for is being Vladimir Putin's c--k holster."
"[Ivanka Trump] Your father is a racist birther. Steve Bannon an anti-Semitic opportunist. You and your husband are enabling hatred. F--- your shoes."
"Melania [Trump] is a hooker."
"And my job is to shut other white people down when they want to interrupt."
"We have to, at the DNC, provide training. We have to teach them how to communicate, how to be sensitive, and how to shut their mouths if they're white."
"And to our detractors that insist that this march will never add up to anything: F--- you! F---you!
"Yes, I have thought an awful lot about blowing up the White House."--MADONNA
"Barron Trump looks like a very handsome date-rapist-to-be."
"Barron [Trump] will be this country's first homeschool shooter."
"Hollywood is crawling with outsiders and foreigners, and if we kick 'em all out, you'll have nothing to watch but football and mixed martial arts, which are not the arts."
"There's a billion to one chance we're living in base reality."
[That means we're almost positively living in a simulation, like a video game.]
"When I would deny that there was a significant racist component in some of the politics on our side, it was because the people I hung out with were certainly not. When suddenly, this rock is turned over, there is this—'Oh shit, did I not see that?'"
----------------------------
"In any other scenario, Hillary Clinton's lying about her emails, and her pay-for-play relationship with the Clinton Foundation would be disqualifying issues. The only reason they're not disqualifying is because Donald Trump is a fundamentally more repellent, dishonest figure."
"I made a mistake in recalling the events of twelve years ago... I said I was traveling in an aircraft that was hit by RPG fire. I was instead in a following aircraft."
"I'm here to tell you if you elect me governor of this state, I will end the civil war."
"I would not look to the U.S. Constitution, if I were drafting a constitution in the year 2012. I might look at the constitution of South Africa. That was a deliberate attempt to have a fundamental instrument of government that embraced basic human rights, had an independent judiciary. It really is, I think, a great piece of work that was done."
"Callista Gingrich. Karen Santorum. Ann Romney. Now, do you really think our country is ready for a white first lady?"
"The death of Andrew Breitbart disproves the adage that only the good die young."
--JULIAN BOND
"The National Institute of Health has said that it is a danger to women's health and safety of their families that for 30 years to be exposed to the prospects of pregnancy."
"[Tea Party Republicans] have acted like terrorists."
"Why did- Couldn't the President have said at that moment, way back in December of last year, 'no game playing. No hostage-taking. No terrorizing this country with the debt ceiling. I'm not going to negotiate with you guys. You can't play it that way.' Could he have done that?"
"[T]he tea-party Hobbits could return to Middle Earth having defeated Mordor."
--WALL STREET JOURNAL EDITORIAL
"I remember distinctly an image of--we were sitting on his couches, and I was looking at [Obama's] pant leg and his perfectly creased pant, and I'm thinking, a) he's going to be president and b) he'll be a very good president."
--DAVID BROOKS
"I feel like calling her back and smackin' her around."
--FRED CLARK, DEMOCRAT
"The picture was of me, and I sent it."
"[I]f you go back to the year 2000, when we had an obvious disaster and - and saw that our voting process needed refinement, and we did that in the America Votes Act and made sure that we could iron out those kinks, now you have the Republicans, who want to literally drag us all the way back to Jim Crow laws and literally - and very transparently - block access to the polls to voters who are more likely to vote Democratic candidates than Republican candidates. And it's nothing short of that blatant."
--DEBBIE WASSERMAN SCHULTZ
"This is probably one of the worst times we've seen because the numbers of people elected to Congress. I went through this as co-chair of the arts caucus. In '94 people were elected simply to come here to kill the National Endowment for the Arts. Now they’re here to kill women."
"The protesters have proven today that they‘re not going away. It was a pretty rough night last night. You can imagine if people said, well, we just can‘t fight the power. Instead, this morning, they came by tens, by hundreds, by thousands. By midday today, it was easily more than 10,000, perhaps as many as 15,000 people on the square here in Madison. Not organized by anyone, just grassroots citizens who came out just like the Minutemen in 1776."
--JOHN NICHOLS
"They're sitting on the money, they're using it for their own -- they're putting it someplace else with no interest in helping you with your life, with that money. We've allowed them to take that. That's not theirs, that's a national resource, that's ours. We all have this -- we all benefit from this or we all suffer as a result of not having it. I think we need to go back to taxing these people at the proper rates."
"Why don't we just raise the taxes and let these folks have their collective bargaining, have their union representation and go back to their jobs? Raise the taxes on the wealthy."
"In 1933, [Hitler] abolished unions and that's what our Governor [Scott Walker] is doing today."
--LENA TAYLOR, Democrat State Senator
"So I would urge my Republican colleagues, no matter how strongly they feel -- you know, we have three branches of government. We have a House. We have a Senate. We have a president. And all three of us are going to have to come together and give some, but it is playing with fire to risk the shutting down of the government."
"Well, when you start off with the Preamble of the Constitution, you talk about the pursuit of happiness."
"I'm Rebecca Kleefisch. I performed fellatio on all the talk show hosts in Milwaukee. And they endorsed me and that's how I became lieutenant governor."
"Do you think this Constitution-loving is getting out of hand? I mean, is it a nod to the Tea Party?"
"We can’t just leave it up to the parents."
"[Military leaders] tell us that childhood obesity isn’t just a public health issue; they tell us that it is not just an economic threat -- it is a national security threat as well."
"Actually, I did not take part in [the assassination of Sarah Palin]. I led it."
"[The repeal of ObamaCare is] a kind of creeping genocide."
"[Obama] has to realize that Mitch McConnell has virtually said so that politically he wants to cut out his heart and throw his liver to the dogs."
--DAN RATHER
"And the instructions are not to improvise a comedy sketch, but to elect a group of unqualified, unstable individuals who will do what they are told, in exchange for money and power, and march this nation as far backward as they can get, backward to Jim Crow, or backward to the breadlines of the '30s, or backward to hanging union organizers, or backward to the trusts and the robber barons.
"Result: the Tea Party. Vote backward, vote Tea Party. And if you are somehow indifferent to what is planned for next Tuesday, it is nothing short of an attempted use of democracy to end this democracy."--KEITH "Reagan's dead and he was a lousy President" OLBERMANN
"I gotta wonder when people are gonna start wearing uniforms. I mean they've got an army out there in Alaska of militia people. You've got these guys going around acting like street thugs. I mean it isn't far from what we saw in the thirties, where all of a sudden, political parties started showing up in uniform."
"[Sharron Angle] is a moron on top of being evil... I'd like to see her do this ad in the South Bronx. Come here, bitch. Come to New York and do it. I'm not praying for her. She's going to hell. She's going to hell, this bitch."
"So people have been hurting and I understand that. And it doesn't give them comfort or solace for me to tell them, you know, but for me, we'd be in a worldwide depression."
"And to play Dick Cheney, all I had to do was find my Dick Cheney. And you can find all the villainy in the world in your own heart, and that's what an actor's job is. I always say to kids, inside you is Hitler and Jesus. And you got to find the appropriate person and bring them out."
"Because I live in the District of Columbia which is so predominantly Democratic, I am a registered Democrat. But I am an avowed neutral. And to put that into practice, I take my young daughter into the voting booth and she votes for me. She's now 14. We've been doing this since she was about age 4. She's now quite informed."
"Sarah Palin's an idiot. Come on. This is a remarkably, stunningly, jaw-droppingly incompetent and mean woman."
"The Democrats may have moved into the center, but the Republicans have moved into a mental institution."
--AARON SORKIN
"Perhaps the greatest threat of all is the undermining of our Constitution and the systematic attack against the inalienable rights of the citizens of this nation, rights that are guaranteed by our Constitution. At the vanguard of this insidious attack is the Tea Party. This band of misguided citizens is moving perilously close to achieving villainous ends."
"[Christine O'Donnell is] a witch who doesn't masturbate."
"Ah, the Tea Party, the nativist bed-wetters who somehow control our national dialogue. Yes, I call them the Pee Party, Jay, because they're always peeing in their pants about something. They're just, they're afraid of a mosque being built in New York. They're afraid of guns. You know, they think Obama, who like every other pussy Democrat has never said a single word about gun control, but they are very sure that he and his Negro army are coming after their guns. You know what? If you think that he's coming after your guns, you need to get out of your chat room and have your house tested for lead. He's not coming after your guns or your Bible or your fishing pole or your chewing tobacco."
"That's a trade-off society is making because of very, very high medical costs, and a lack of willingness to say, you know, is spending a million dollars on that last three months of life for that patient, would it be better not to lay off those ten teachers and to make that trade-off in medical costs. But that;s called the 'Death Panel' and you're not supposed to have that discussion."
"NOT the 'whiteman's bitch'"
--IESHUH GRIFFIN
"[If Rush Limbaugh suffered a heart attack in my presence, I would] laugh loudly like a maniac and watch his eyes bug out. I never knew I had this much hate in me. But he deserves it."
--SARAH SPITZ
"You want freedom, you going to have to kill some crackers. You going to have to kill some of their babies."
"If this was Texas, which is the state that, that is directly on the border with Mexico, and they were calling for a measure like this, saying that they had a major issue with, you know, with undocumented people flooding their borders, I would say I would have to look twice at this. "But this is a state that is a ways removed from the border. And, um, it just, it doesn't make sense to me that when you google this subject, if you put in 'Arizona S.B. 1070,' that you see a picture of the governor of Arizona meeting with President Obama in May of 2010. If you have direct linkage to the president, there are already National Guard troops on the border in Arizona."
"Tell [the Jews] to get the hell out of Palestine. Remember, these people are occupied and it's their land. It's not German. It's not Poland. [The Jews] can go home. Poland. Germany."
--HELEN THOMAS
"After the last eight years, it's good to have a president that knows what a library is."
--PAUL McCARTNEY
"By the way, I just want to point out I'm wearing my splash shield because I was told I was going to be in the splash zone (during Harry Smith's colonoscopy on live TV)."
--KATIE COURIC
"And that Word is, we have to give voice to what that means in terms of public policy that would be in keeping with the values of the Word."
----------------------------
"Think of an economy where people could be an artist or a photographer or a writer without worrying about keeping their day job in order to have health insurance or that people could start a business and be entrepreneurial and take risk, but not job loss because of a child with asthma or someone in the family is bipolar—you name it, any condition — is job-locking."
--NANCY PELOSI
"Back in World War II, we viewed the Japanese as 'yellow, slant-eyed dogs' that believed in different gods. They were out to kill us because our way of living was different. We, in turn, wanted to annihilate them because they were different. Does that sound familiar, by any chance, to what's going on today?"
--TOM HANKS
"The 'White Right' is trying to set Barack up to be assassinated.... Here are Christians praying for God to kill Barack Obama."
--LOUIS FARRAKHAN
"I refuse to accept the notion that the United States of America is not going to lead the world economically throughout the 20th Century."
--JOE BIDEN
"Obama's critics keep blasting him for Chicago-style politics. So, fine. Channel your inner Al Capone and go gangsta against your foes. Let 'em know that if they aren't with you, they are against you, and will pay the price."
--ROLAND MARTIN
"Martha Coakley is running to fill the rest of Ted Kennedy's term, and her opponent is a far-right tea-bagger Republican."
--CHUCK SCHUMER
"I tell you what, if I lived in Massachusetts, I'd try to vote ten times. I don't know if they'd let me or not, but I'd try to. Yeah, that's right, I'd cheat to keep these bastards out. I would. 'Cause that's exactly what they are."
--ED SCHULTZ
"We also see how revved up the tea baggers are at the thought of hijacking health care reform and every chance we have at making progress in Washington."
--JOHN KERRY
"A few years ago, this guy (Obama) would have been getting us coffee."
--BILL CLINTON
"I didn't realize I had written a column defending Roman Polanski and minimized his crime - are you sure it was me? I mean, I? There is, apparently, more to this crime than it would seem, and it may sound like a hollow defense, but in Hollywood I am not sure a 13-year-old is really a 13-year-old."
--TOM SHALES
"Joe Wilson yelled 'You lie!' at a president who didn't. But, fair or not, what I heard was an unspoken word in the air: You lie, boy!"
--MAUREEN DOWD
"One awkward moment for Sarah Palin at the Yankee game... During the 7th inning, her daughter was knocked up by Alex Rodriguez."
--DAVID LETTERMAN
"I would hope that a wise Latina woman with the richness of her experiences would more often than not reach a better conclusion than a white male who hasn’t lived that life."
--SONIA SOTOMAYOR
"We all considered sexual abuse of minors as a moral evil, but had no understanding of its criminal nature."
--REMBERT WEAKLAND, Archbishop of Milwaukee 1977- 2002
"You know, you might want to look into this, [President Obama], because I think maybe Rush Limbaugh was the 20th hijacker, but he was so strung out on Oxycontin he missed his flight."
"Rush Limbaugh -- 'I hope the country fails.' I hope his kidneys fail."
----------------------------
"[Obama] told me I did a great job. The first lady said the same thing. I got a 'well done' from the president, I'm on cloud nine."
--WANDA SYKES
"Americans are looking for more government in their life, not less."
--COLIN POWELL
"[Tea Party goers are] just a bunch of wimpy, whiny, weasels who don't love their country."
--PAUL BEGALA
"I wouldn't want [gay marriage] to go to the United States Supreme Court now because that homophobe Antonin Scalia has too many votes on this current court."
--BARNEY FRANK
"Going forward, my mind will be open to every solution -- except one. We should not -- we must not -- and I will not -- raise taxes."
--JIM DOYLE, Liar
"He's a terrorist. Rush Limbaugh is a terrorist."
--JOY BEHAR
"You know, I just want to say to her (Sarah Palin), just very quickly...F--- you."
--JON STEWART
"Should I be worried about being a slave and being returned to slavery?"
--WHOOPI GOLDBERG
"I also believe that America is the greatest sin against God."
--FR. MICHAEL PFLEGER
"Those who think they can revive the stinking corpse of the usurping and fake Israeli regime by throwing a birthday party are seriously mistaken. Today the reason for the Zionist regime's existence is questioned, and this regime is on its way to annihilation."
--MAHMOUD AHMADINEJAD
"We'll be eight degrees hotter in ten, not ten but 30 or 40 years and basically none of the crops will grow. Most of the people will have died and the rest of us will be cannibals."
--TED TURNER
"Look, [Mitt] Romney comes from a religion founded by a criminal who was anti-American, pro-slavery, and a rapist. And he comes from that lineage and says, 'I respect this religion fully.'"
--LAWRENCE O'DONNELL
"Mexico does not end at its borders... Where there is a Mexican, there is Mexico."
--FELIPE CALDERON
"The planet has a fever. If your baby has a fever, you go to the doctor. If the doctor says you need to intervene here, you don't say, 'Well, I read a science fiction novel that told me it's not a problem.' If the crib's on fire, you don't speculate that the baby is flame retardant."
--AL GORE
"Don't fear the terrorists. They're mothers and fathers."
--ROSIE O'DONNELL
"Is America ready for a black president? Well, I say we just had a retarded one. When did being black become a bigger deterrent than being retarded?"
--CHRIS ROCK
"Shut the f--- up! Shut up if you can't take a joke [about President Bush]!"
--BARBRA STREISAND
"Right, oh, yeah, Happy 9/11! Celebrate the day, right?"
--JAMES BROLIN, Mr. Barbra Streisand
"I think President Bush very well may have signed an authorization for the 9/11 attacks."
--KEVIN BARRETT, UW-MADISON Lecturer
"I said what I said. I am not guilty."
--SADDAM HUSSEIN
"Terri will not be starved to death. Her nutrition and hydration will be taken away."
--MICHAEL SCHIAVO
"On the eve of the election last month my wife Judith and I were driving home late in the afternoon and turned on the radio for the traffic and weather. What we instantly got was a freak show of political pornography: lies, distortions, and half-truths -- half-truths being perhaps the blackest of all lies. "
--BILL MOYERS
"I hate the Republicans and everything they stand for."
--HOWARD DEAN
"The Iraqis who have risen up against the occupation are not 'insurgents' or 'terrorists' or 'The Enemy.' They are the REVOLUTION, the Minutemen, and their numbers will grow -- and they will win."
--MICHAEL MOORE
"And there is no reason, Bob, that young American soldiers need to be going into the homes of Iraqis in the dead of night, terrorizing kids and children, you know, women, breaking sort of the customs of the--of--the historical customs, religious customs."
--JOHN KERRY
"F---ing retarded."
"[Republicans] can go f--- themselves!"
"I'm not going to have some reporters pawing through our papers. We are the president."
--HILLARY CLINTON
"It depends on what the meaning of the word 'is' is."
--BILL CLINTON
"And let me tell you something -- for the first time in my adult lifetime, I am really proud of my country. And not just because Barack has done well, but because I think people are hungry for change. And I have been desperate to see our country moving in that direction and just not feeling so alone in my frustration and disappointment."
--MICHELLE OBAMA
"If asking a billionaire to pay the same tax rate as a Jew, uh, as a janitor, makes me a warrior for the working class, I wear that with a badge of honor."
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"If you love me, you got to help me pass this bill."
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"[F]or most of my lifetime, the United States was such a dominant economic power, we were such a large market, our industry, our technology, our manufacturing was so significant that we always met the rest of the world economically on our terms. And now, because of the incredible rise of India and China and Brazil and other countries, the United States remains the largest economic and the largest market but there’s real competition out there. And that's potentially healthy. It makes -- Michelle was saying earlier I like tough questions because it keeps me on my toes. Well, this will keep America on its toes."
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"If Latinos sit out the election instead of saying, 'We're gonna PUNISH OUR ENEMIES and we're gonna reward our friends who stand with us on issues that are important to us,' if they don't see that kind of upsurge in voting in this election, then I think it's gonna be harder and that's why I think it's so important that people focus on voting on November 2."
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"We don't mind the Republicans joining us. They can come for the ride, but THEY GOTTA SIT IN BACK."
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"We can absorb a terrorist attack. We'll do everything we can to prevent it, but even a 9/11, even the biggest attack ever... we absorbed it and we are stronger."
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"We are the ones we've been waiting for."
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"We talk to these folks because they potentially have the best answers so I know whose ass to kick."
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"We're not trying to push financial reform because we begrudge success that's fairly earned. I mean, I do think at a certain point you've made enough money. But, you know, part of the American way is, you know, you can just keep on making it if you’re providing a good product or you're providing good service. We don't want people to stop fulfilling the core responsibilities of the financial system to help grow the economy."
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"If you've got a business, you didn't build that. Somebody else made that happen."
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"It is a vital national security interest of the United States to reduce these conflicts because whether we like it or not, we remain a dominant military superpower, and when conflicts break out, one way or another we get pulled into them. And that ends up costing us significantly in terms of both blood and treasure."
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"But I -- I think that the most important thing for the public to understand is, we're not handling any of these cases any different than the Bush administration handled them all through 9/11."
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"One such translator was an American of Haitian descent, representative of the extraordinary work that our men and women in uniform do all around the world -- Navy CORPSE-MAN Christian [sic] Brossard. And lying on a gurney aboard the USNS Comfort, a woman asked Christopher: 'Where do you come from? What country? After my operation,' she said, 'I will pray for that country.' And in Creole, CORPSE-MAN Brossard responded, 'Etazini.' The United States of America."
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"I hear that Dr. Joe Medicine Crow was around, and so I want to give a shout-out to that Congressional Medal of Honor winner. It's good to see you."
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"We are God's partners in matters of life and death."
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"[T]he Cambridge police acted stupidly."
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"I am going to teach [my daughters] first about values and morals, but if they make a mistake, I don't want them punished with a baby."
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"The reforms we seek would bring greater competition, choice, savings, and INEFFICIENCIES to our health care system."
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"Over the last 15 months, we’ve traveled to every corner of the United States. I’ve now been in 57 states? I think one left to go. Alaska and Hawaii, I was not allowed to go to even though I really wanted to visit, but my staff would not justify it."
--BARACK OBAMA
"In a word, freedom is ever new. It is a challenge held out to each generation, and it must constantly be won over for the cause of good.... [A] democracy without values can lose its very soul."
--POPE BENEDICT XVI
"When freedom does not have a purpose, when it does not wish to know anything about the rule of law engraved in the hearts of men and women, when it does not listen to the voice of conscience, it turns against humanity and society."
--POPE JOHN PAUL II
"We ourselves feel that what we are doing is just a drop in the ocean. But the ocean would be less because of that missing drop."
--MOTHER TERESA
"To promote choice for its own sake is more akin to self-indulgence than self-determination. It is the philosophy of a pre-schooler in a candy shop."
--BRIAN POLLARD, M.D.
"The ultimate tragedy is not the oppression and cruelty by the bad people but the silence over that by the good people."
--MARTIN LUTHER KING, JR.
"The house we hope to build is not for my generation but for yours. It is your future that matters. And I hope that when you are my age, you will be able to say as I have been able to say: We lived in freedom. We lived lives that were a statement, not an apology."
--RONALD REAGAN
"Liberalism is the philosophy of the stupid."
--MARK LEVIN
"We are Warriors forever."
--BO ELLIS
"I know how much you're supposed to enjoy every sandwich, you know."
--WARREN ZEVON
