Obama won re-election by selling the idea that he was the champion of the middle class. Now he is forcing them into poverty and driving them from their homes. That is the effect of new taxes going into effect on Jan. 1, regardless of how negotiations on the fiscal cliff turn out (unless, as seems unlikely, Congress decides to extend all of the Bush tax cuts to everyone). The new marginal rates on dividends and interest (43.4%) and capital gains (20%, or 23.8% including the ObamaCare surcharge for high earners) will be devastating for the middle class.
Washington -- In a move that surprised many lawmakers and angered others, House Republican leaders wrapped up this session of Congress Tuesday night without voting on a package that would have provided billions of dollars in aid to victims of Superstorm Sandy. The Senate passed the $60.4 billion measure last week, and senators from New York had called on the House to take it up promptly. But because the House failed to act and a new Congress will be sworn in Thursday, the entire legislative process will have to start over -- delaying the package from disbursing money to affected states.
SEPULVEDA PASS — A paparazzo was fatally struck by a car after taking photos of Justin Bieber’s white Ferrari during a traffic stop Tuesday, according to the Los Angeles Police Department.Shortly before 6 p.m., California Highway Patrol officers had pulled over the Ferrari for allegedly speeding on the 405 Freeway near the Getty Center. The 18-year-old Canadian singer was not in the vehicle during the traffic stop,
President Obama got the best of both worlds with the passage of the deal to prevent the country going over the fiscal cliff. He got the massive tax hike on wealthier Americans that he wanted and paid for it with no spending cuts. Though he acted throughout the crisis as if he might prefer the political advantage that he would gain by a Republican refusal to pass these measures, the avoidance of the cliff prevents the economy from going into a tailspin that would blight his second term.
Barter is as old as human history. According to a story in the Wall Steet Journal, it is yet practiced as a facet of the 21st century global economy. Germany, for example, “sends coal to Brazil for coffee, and imports cattle from Denmark in return for agricultural implements. Finland sends timber to the U.K. for coal. Argentina trades grain to Spain for railway equipment.” And so on. Farmers markets and yard sales are certainly popular in small town America. Every summer weekend in Texas features some 200 towns with farmers markets. Here in Salmon, Idaho, three summertime produce markets
House Speaker John Boehner twice told Senate Majority Leader Harry Reid to ´go f**k´ himself last Friday after a meeting at the White House on a budget compromise to avert the fiscal cliff. Standing in the White House lobby not far from the Oval Office, Boehner pointed his finger at Reid and sneered, ´Go f**k yourself,´ Politico reported, citing multiple sources present. Reid replied: ´What are you talking about?´ Boehner repeated: ´Go f**k yourself.´ The shrewd exchange from last Friday reveals how the grueling fight over the debt ceiling, spending cuts and tax increases pervaded politics
If your New Year’s resolution is to live a healthier life, it might be best to ditch that diet and enjoy another helping of festive leftovers. For a bit of extra weight could actually help you live longer, according to extensive research. Men and women who are slightly plump have longer lives than those who are slimmer, it found. Analysis of the results of almost 100 studies revealed that those who were of normal weight – a usual barometer of health – were likely to die sooner than those who were slightly overweight. However, those who were any bigger than this
Congress last night finally passed a deal to avoid the so-called fiscal cliff, as critics attacked the Republican party for giving in and allowing tax hikes on wealthy Americans in return for minimal spending cuts. President Obama was in a triumphant mood as he addressed the nation after the vote on Capitol Hill, even winking at photographers before flying back to Hawaii to resume his vacation. Republicans have been accused of surrendering in the deal, which won´t raise taxes for the middle class, but will increase rates for Americans making more than $400,000 for individuals and $450,000 for couples.
House Speaker John Boehner couldn’t hold back when he spotted Senate Majority Leader Harry Reid in the White House lobby last Friday. It was only a few days before the nation would go over the fiscal cliff, no bipartisan agreement was in sight, and Reid had just publicly accused Boehner of running a “dictatorship” in the House and caring more about holding onto his gavel than striking a deal. “Go f— yourself,” Boehner sniped as he pointed his finger at Reid, according to multiple sources present. Reid, a bit startled, replied: “What are you talking about?”
Here’s a New Year resolution to make 2013--and every year after--happier and more financially secure than it would otherwise be, despite the worrying and insecure economic outlook. Pay down debt ahead of time and avoid wasting thousands of pounds in unnecessary interest costs. This not only reduces your exposure to the risk of unexpected setbacks--like redundancy* or rising interest rates--but will provide the highest risk-free, tax-free return on your money available anywhere. The future interest costs avoided--and, thus, the extra cash you can spend on whatever you like--will be much greater than the returns you could achieve on any risk-free
Senate Minority Leader Mitch McConnell, R-Ky., negotiated a fiscal cliff deal with Vice President Joe Biden after talks between President Obama and House Republicans stalled, but the White House portrays Obama as the hero. “At this make or break moment for the middle class, the President achieved a bipartisan solution that keeps income taxes low for the middle class and grows the economy,” the White House fact sheet says. But this deal was hammered out by McConnell and Biden. “I need a dance partner,” McConnell said, because Senate Majority Leader Harry Reid, D-Nev., refused to negotiate.
While Democrats frantically try to block Scott Brown from going back to the U.S. Senate, there are also increasing fears he could pose an even bigger threat as the next Massachusetts governor. Republicans close to the departing U.S. senator said he’s itching to go back to Washington to replace John Kerry, but Democrats are buzzing more about a potential Brown gubernatorial campaign in 2014. It may be tempting for Brown to run in a special election against a vulnerable Rep. Edward J. Markey, but he should reject the easy play
Gov. Tom Corbett scheduled a news conference for Wednesday to announce the filing of a federal lawsuit against the NCAA over stiff sanctions imposed against Penn State in the aftermath of the Jerry Sandusky child sex abuse scandal. The news conference announcing the filing in U.S. District Court in Harrisburg was set to be held at the university´s State College campus. A person associated with the university and knowledgeable about the matter told The Associated Press that it is an antitrust action. The person spoke on condition of anonymity because the lawsuit hasn´t been filed.
If you don’t have the facts on your side, make some up. That’s Hollywood’s typical scheme for pushing its left-wing views on American audiences. Tinseltown’s “Promised Land” puts a heavy thumb on the scale in favor of Big Green in its battle to vanquish the natural-gas industry in the debate over hydraulic fracturing, or “fracking.” The film is thinly disguised propaganda designed to turn public opinion against an affordable energy source that could prove the undoing of hopelessly inefficient windmills and solar panels. “Promised Land,” which opened Friday, portrays an economically depressed rural town that becomes the battleground
George W. Bush left office in January 2009 with one of the lowest job-approval ratings for a president (34 percent) since Gallup started compiling them — as compared to Harry Truman’s low of 32 percent, Richard Nixon’s of 24 percent, and Jimmy Carter’s of 34 percent — and to the general derision of the media. (Snip)Few cared to hear the arguments that there was more to the Hurricane Katrina fiasco than Bush-administration incompetence, despite the fact that next-door Mississippi, for example, seemed to employ state and local services far more effectively than did the largely incompetent New Orleans mayor
About 20 years ago, I often said, “You can say anything about Clarence Thomas. No matter how vile, false, or even racist, you can say it about Thomas, and get away with it. The culture permits it. It’s open season on Clarence Thomas.” Many years later, I said something similar about Sarah Palin. And I can almost say something similar about Mitt Romney. What I have heard since Election Day is astonishing. Romney has been turned into something he has never been. The Left has been atrocious, because, why wouldn’t it be? It’s my fellow conservatives I’m talking about.
Epa chief Lisa Jackson suddenly resigned last week because she was convinced that President Obama is planning to green-light the controversial Keystone XL oil pipeline, The Post has learned. “She was going to stay on until November or December,” said a Jackson insider. “But this changed it. She will not be the EPA head when Obama supports it [Keystone] getting built.” While the State Department — not the Environmental Protection Agency — is responsible for the pipeline process because it’s an international project, Jackson is still the president’s top adviser on ecological policy.
This afternoon, President Obama spoke while surrounded by an ad hoc group of “middle-class Americans” who he promised would be protected from tax hikes by the 11th-hour “fiscal cliff” proposal. That’s not what’s going to happen. “For the last few days, leaders in both parties have been working toward an agreement that will prevent a middle-class tax hike from hitting 98 percent of all Americans starting tomorrow,” he said. “Preventing that tax hike has been my top priority, because the last thing folks, like the folks up here on this stage,
The very pregnant rich kid and her Harvard-educated boyfriend arrested on December 29 in New York’s Greenwich Village for possession of explosives and weapons do not appear to be terrorists after all, police say. Investigators say they believe 27-year-old Morgan Gliedman and 31-year-old Aaron Greene are just two more products of privilege squandering their advantages on drugs. “It looks like they’re junkies,” a high-level police source says. “Well-to-do junkies, not terrorists.”
OK, I’ve had my own sorta-kinda briefing on the apparent fiscal cliff deal, and I’m pretty much with Noam Scheiber. Viewed on its own, it’s a bad and upsetting deal but not as terrible as initial rumors had it. (Snip)Anyone looking at these negotiations, especially given Obama’s previous behavior, can’t help but reach one main conclusion: whenever the president says that there’s an issue on which he absolutely, positively won’t give ground, you can count on him, you know, giving way — and soon, too.
House Republicans abruptly pulled the plug Tuesday night on their promise to take up this week an emergency supplemental disaster aid bill for Northeast states damaged by Hurricane Sandy. The decision is a stunning reversal since just hours before New Jersey lawmakers were preparing for floor debate Wednesday as outlined under a strategy promoted by no less than Majority Leader Eric Cantor (R-Va.). Indeed the Appropriations Committee had gone so far as to file a $27 billion bill Tuesday together with an amendment to be offered by Rep. Rodney Frelinghuysen (R-N.J.) seeking an additional $33 billion
The Journal News — the newspaper that mapped the home addresses of the law-abiding handgun owners in its area — has hired armed guards. The Journal News of West Nyack, N.Y., has hired armed security guards to defend its offices after receiving a torrent of phone calls and emails responding to the paper’s publication of the names and addresses of area residents with pistol permits. RGA Investigations, a private security company, “is doing private security at on location at the Journal News as a result of the negative response to the article,”
The critical conversation between the offices of Harry Reid and Mitch McConnell came early Sunday afternoon, about 36 hours before Congress was set to teeter over the fiscal cliff. Reid, the majority leader, had been negotiating and trading ideas with McConnell, his minority counterpart, since Friday evening. But the soft-spoken Nevada Democrat drew a bold line in the sand midday Sunday: he had no more counter-offers to give. Suddenly and irreversibly, the talks veered into a new direction. Within minutes, the Kentucky Republican was dialing up Vice President Joe Biden, elevating his old colleague
PITTSBURGH — Remember that wave of optimism and good feeling that typically greets a presidential inauguration, not to mention a new year? This time, it´s hard to find. Battered by an economy that is only slow recovering — and soured by the spectacle of Washington dysfunction in the "fiscal cliff" debate — views of the nation´s future and its fundamental promise have darkened in the four years since Barack Obama´s first inauguration. Then, even during an unfolding financial crisis, Americans believed by a double-digit margin that it was likely young people would have a better life
On the One Hand… These should not be foreboding years. The U.S. is in the midst of a veritable energy revolution. There is a godsend of new gas and oil discoveries that will help to curtail our fiscal and foreign policy vulnerabilities — an energy bonanza despite, not because of, the present administration. (Snip) These are the most foreboding times in my 59 years. The reelection of Barack Obama has released a surge of rare honesty among the Left about its intentions, coupled with a sense of triumphalism that the country is now on board for still greater redistributionist change.
Washington - New York area-lawmakers in both parties erupted in anger late Tuesday night after learning the House Republican leadership decided to allow the current term of Congress to end without holding a vote on aid for victims of Superstorm Sandy. (Snip) A House Republican aide confirmed to CBS News producer Jill Jackson that the House would not take up the bill during this session. In remarks on the House floor, King called the decision "absolutely inexcusable, absolutely indefensible. We cannot just walk away from our responsibilities." The Senate approved a $60.4 billion measure Friday