Bits and Pieces

An often used remark to describe Barack Obama by those whose frustration is, “Obama’s just so stupid!” To which the response often is “Well, you don’t get to be President by being stupid!” That could be easily refuted with ” You do if enough of the VOTERS are stupid!” I think you can’t dispute that!

 

"These suckers around the country don't have a damned clue about what REALLY goes on..."

“These suckers around the country don’t have a damned clue about what REALLY goes on…”

Various and sundry items out there today…

Seems Mr. Obama is off, yet again!…on another fundraising trip. Is this man EVER in the Oval Office? It’s all part of the game when you are the continually campaigning President. When you are the uncommitted, unprincipled, and unreliable President! We all know Barack Obama has never and will never attach himself to any issue, take a stand on any matter of national interest, or allow himself to be honest with the American people. He is a man who lacks dignity and courage to stand with any conviction whatsoever!

 

 

"I'll be happy to answer that as long as you don't expect it to be the truth.."

“I’ll be happy to answer that as long as you don’t expect it to be the truth..”

In other stuff, stories abound about whether Attorney General Eric Holder perjured himself in testimony before Congress. “WHETHER” he did???? There’s no doubt about it! Evasive answers and feigning ignorance do not support the contention that the head of the Justice Department has been honest about ANY matter!

 

"I intend to make it LOOK like I'm actually doing something at Apple..when I'm really not..Sort of like when I was head of the EPA..my job now, will be to apologize for Apple publicly..."

“I intend to make it LOOK like I’m actually doing something at Apple..when I’m really not..Sort of like when I was head of the EPA..my job now, will be to apologize for Apple publicly…”

After last weeks scolding by dim wits in Congress, Apple has apparently decided it might be a good idea to establish ties with governmental Washington. Who didn’t see THAT coming?! Here’s an American success story in about every aspect of business and Congress thought it best to bring those guys down! Whatever looks good in the eyes of the ignorant masses who know NOTHING more than what’s spewed from the mouth of slovenly morons like Carl Levin (D-MI). So now, Apple has hired former EPA head, Lisa Jackson, to work with their environmental program. No doubt we can expect Ms Jackson to do no more than collect a hefty salary and juicy benefits package. That’s about it. Forbes columnist Tim Worstall has this take

“We could think that this means that Apple wants to take matters environmental more seriously. Which would be true in a way but perhaps not in the sense that most would take that. My hunch is that what this is really about is providing an interface to the environmental bureaucracy in Washington DC: nothing to do with actually changing the way that Apple operates.”

 

"I know I'm lacking in personal integrity..I'm more about what works for ME..and I should fit in perfectly with the rest of the idiotic Democrats..."

“I know I’m lacking in personal integrity..I’m more about what works for ME..and I should fit in perfectly with the rest of the idiotic Democrats…”

Seems Rhode Island finds itself saddled with another opportunistic coward in the form of Lincoln Chafee. The governor decided he will run for re-election as a Democrat. The question could be asked “was he EVER a Republican?” …From The Inquisitr:

“Lincoln Chafee had been a Republican Senator from Rhode Island between 1999 and 2007 when he lost re-election to Sheldon Whitehouse. Even though he caucused with Republicans, Chafee often voted with Democrats and ranked as the most liberal Republican in the Senate.

He was one of only a handful of Senators — Democratic or otherwise — to vote against the Iraq War in 2003. He also endorsed Barack Obama for president in 2008 and 2012.”

Governor Chafee is yet another example of a man lacking conviction. He should fit right in with the lunacy of today’s Democrat party. Not that he was ever excluded from it. He takes advantage of what he perceives as the direction the political wind blows in his vicinity. Nothing more.

 

 

clueless

In the meantime, life goes on. The economy struggles. Cruise ships continue to catch on fire. And idiotic celebrities..and I use that term loosely…continue to show up in court wearing wigs. It’s enough drive anyone crazy! But, in the end, we don’t let it get to us. We do what must be done. We commit ourselves to someone or something. Day in and day out. A premise those like the above mentioned have no clue about at all!

 

 

Carl Levin: BLOWHARD!

 

 

"You will respect my position  as one of the biggest IDIOTS in Washington!"

“You will respect my position as one of the biggest IDIOTS in Washington…and stop focusing on my comb over!”

As somewhat of a follow up to yesterday’s post, here’s a nice piece from the Wall Street Journal on the Michigan senator’s attempt to “change the subject” with his moronic attack on Apple:

The Apple Tax Diversion

You almost have to admire Carl Levin’s timing. Amid a furor over politicized IRS tax enforcement, the Michigan Democrat on Tuesday tried to change the subject to a hardy Washington perennial—corporate tax loopholes. Too bad his designated business pinata, Apple, demonstrates instead the insanity of the tax code that Mr. Levin has done so much to write.

Mr. Levin unveiled the results of his months-long investigation into Apple’s corporate taxes and accused the American business success of employing “alchemy” and “gimmickry” to lower its tax bill. What Mr. Levin did not do was present any evidence of anything illegal or even inappropriate. He did prove that Apple has smart accountants and tax lawyers.

Mr. Levin is outraged that Apple subsidiaries in Ireland pay little or no corporate income tax on profits generated from Apple’s international sales. Ireland has a laudably low corporate tax rate of 12.5% to attract jobs and capital, but it turns out that for certain corporations controlled by entities outside Ireland, the deal gets better.

The Apple units are based in Ireland, so U.S. law does not consider them to be U.S. corporations subject to U.S. corporate tax. But since they are managed and controlled by Apple in the U.S., Irish law doesn’t consider them Irish companies and thus they are also not subject to the 12.5% Irish corporate tax. This isn’t alchemy; it’s accountancy.

 

Mr. Levin claims that as a result one Apple subsidiary reported net income of $30 billion from 2009-2012 but didn’t pay any corporate income tax. Apple says that since 2003 its Irish subsidiaries have paid a corporate rate of “2% or less,” though it has also created some 4,000 Irish jobs.

None of this required a Senate “investigation” to discover because Apple is constantly inspected by the IRS and other tax authorities. These tax collectors are well aware of Apple’s corporate structure, which has remained essentially the same since 1980. An Apple executive said Tuesday that the company’s annual U.S. tax return adds up to a stack of paperwork more than two feet high.

We wonder what the Irish think of the spectacle of an American Senator expressing outrage that an American company doesn’t pay enough Irish taxes. As Wisconsin Republican Ron Johnson pointed out on Tuesday, Americans are better off when U.S. companies pay less in taxes to foreign governments.

That includes Americans who are invested in Apple through their mutual and pension funds. And it includes Apple’s U.S. workers who benefit when the company is able to sell more iPhones and iPads overseas. Roughly 50,000 of Apple’s 75,000 employees are in the U.S.

It’s also amazing to behold Democrats who routinely claim that high tax rates don’t matter to business behavior denouncing a business for engaging in behavior to avoid paying higher tax rates. Which brings us to the real scandal that Mr. Levin has exposed: the folly of America’s corporate tax code.

The genuine outrage is that Apple’s profits in the U.S. are subject to a combined state and federal statutory tax rate of 39.1% that is the developed world’s highest. Corporate taxation is so heavy in the U.S. relative to other countries that even while enjoying its near-zero rate in Ireland, Apple ends up with roughly the same overall effective tax rate, 14%, as South Korea’s Samsung, its main global competitor. Yet Samsung still enjoys a tax advantage, because it has more flexibility to allocate those profits to the most promising investments anywhere in the world.

Like other U.S. companies, Apple pays an extreme tax penalty for bringing its foreign profits home to invest in the U.S. This is due both to the punitive U.S. tax rate and the fact that the U.S. is virtually alone in refusing to embrace a territorial tax system that applies corporate income taxes only in the jurisdiction where the money is earned.

So it’s no surprise that Apple keeps $102 billion of its roughly $150 billion cash pile overseas. The repatriation tax penalty is so absurd that Apple chose in April to borrow $17 billion to pay a prospective dividend to shareholders rather than pay out of its overseas cash horde.

All of which argues for a corporate tax reform that would at the very least cut the combined U.S. state-federal rate to the mid-20s to be comparable with many of our trading partners. We’d suggest something closer to the Irish model—ideally zero but 12.5% also works—to turbo-charge growth and coincidentally generate lots of new revenue for Mr. Levin’s beloved IRS.

 

"Well, I have to appear incensed at companies like Apple in order to score political points..when anyone with any sense knows this is all for show...which we Democrats are very good at thanks to the media...and a complete waste of time..."

“Well, I have to appear incensed at companies like Apple in order to score political points..when anyone with any sense knows this is all for show…which we Democrats are very good at thanks to the media…and a complete waste of time…”

Speaking of which, Mr. Levin is one of those Senators who wrote the IRS demanding that it inspect the tax-exempt status of Americans for Tax Reform, the Club for Growth and other groups that are his ideological opponents. “Why does the IRS allow 501(c)(4) organizations to self-declare?” he roared in July 2012. The IRS seems to have followed his orders, so no wonder he is trying to change the subject.

A version of this article appeared May 22, 2013, on page A16 in the U.S. edition of The Wall Street Journal, with the headline: The Apple Tax Diversion.

 

Dumb A**es!

 

 

 

d_is_for_dumbass_democrat_sticker

 

It doesn’t take much for sheer stupidity to rise to the forefront of today’s Democratic party…Here are three of the latest shining examples….

 

This is climate change..."..“This is climate change. We were warned about extreme weather: Not just hot weather, but extreme weather. When I had my hearings, when I had the gavel years ago — it’s been a while — the scientists all agreed that what we’d start to see was extreme weather.” “Carbon could cost us the planet..."... “The least we could do is put a little charge on it so people move to clean energy.."

“This is climate change…”..“This is climate change. We were warned about extreme weather: Not just hot weather, but extreme weather. When I had my hearings, when I had the gavel years ago — it’s been a while — the scientists all agreed that what we’d start to see was extreme weather.”
“Carbon could cost us the planet…”… “The least we could do is put a little charge on it so people move to clean energy..”

 

California’s lame brain Sen. Barbara Boxer(D), attempting to link the Oklahoma tornado to climate change, not to mention an excuse for a new tax….

 

"The lost tax revenue feeds a budget deficit that has reached troubling proportions.  It has helped lead to round after round of budget slashing and the ill-advised sequestration that now threatens our economic recovery.  Because of those cuts, children across the country are not gonna get early education from Head Start, needy seniors are gonna go without meals, fighter jets sit idle on tarmacs because our military lacks the funding to keep pilots trained....No company -- no company -- should be able to determine how much it's gonna pay in taxes, how many profits they're gonna keep offshore, how they're gonna bring 'em back home, using all kinds of gimmicks to avoid paying the taxes that should be paid to this country. If you want to hold up a mirror, you can hold up a mirror to anybody you want. You can apologize to anyone you want. This subcommittee is not gonna apologize to Apple."

“The lost tax revenue feeds a budget deficit that has reached troubling proportions. It has helped lead to round after round of budget slashing and the ill-advised sequestration that now threatens our economic recovery. Because of those cuts, children across the country are not gonna get early education from Head Start, needy seniors are gonna go without meals, fighter jets sit idle on tarmacs because our military lacks the funding to keep pilots trained….No company — no company — should be able to determine how much it’s gonna pay in taxes, how many profits they’re gonna keep offshore, how they’re gonna bring ’em back home, using all kinds of gimmicks to avoid paying the taxes that should be paid to this country. If you want to hold up a mirror, you can hold up a mirror to anybody you want. You can apologize to anyone you want. This subcommittee is not gonna apologize to Apple.”

Michigan’s moronic Sen. Carl Levin (D) attempting to lay blame at Apple’s doorstep for the country’s fiscal woes…It’s clear ANY successful company will be a target in today’s idiotic political climate. The way things are going, NO business will be allowed to make a profit. Apple did nothing illegal in its payment of taxes, yet these fools in the Senate like Mr. Levin will look for any scapegoat to cover up for their mishandling of our nation’s finances.

 

“So, you may have a question for me,” Whitehouse said on the Senate floor. “Why do you care? Why do you, Sheldon Whitehouse, Democrat of Rhode Island, care if we Republicans run off the climate cliff like a bunch of proverbial lemmings and disgrace ourselves? I’ll tell you why. We’re stuck in this together. We are stuck in this together.

“So, you may have a question for me…”..“Why do you care? Why do you, Sheldon Whitehouse, Democrat of Rhode Island, care if we Republicans run off the climate cliff like a bunch of proverbial lemmings and disgrace ourselves? I’ll tell you why. We’re stuck in this together. We are stuck in this together.”…. “We are stuck in this together. When cyclones tear up Oklahoma and hurricanes swamp Alabama and wildfires scorch Texas, you come to us, the rest of the country, for billions of dollars to recover. And the damage that your polluters and deniers are doing doesn’t just hit Oklahoma and Alabama and Texas. It hits Rhode Island with floods and storms. It hits Oregon with acidified seas, it hits Montana with dying forests. So, like it or not, we’re in this together.”

 

Rhode Island’s foolishly idiotic Sen. Sheldon Whitehouse (D), again, blaming global warming for the Oklahoma tornado…and apparently the rest of the country too…

 

THIS type of thinking is what continues to do damage to our nation. These members of the Senate haven’t a CLUE what life outside of D.C. is like for everyday Americans. Yet, they can espouse idiotic commentary from their lofty positions…which I can GUARANTEE you not a  one of them is worthy of the job…and we’re supposed to look at them as champions, as benefactors. Their shameless, disgraceful behavior in government is what should be the cause for concern. They are there to serve themselves alone. They carry a dangerous amount of power to influence life in this nation and on that they have miserably failed! They have no dignity and no shame. I see absolutely NOTHING in common with the likes of Boxer, Levin, or Whitehouse…as well as many other members of Congress. The sooner THIS type of politician is removed from office, the better for the nation!