King Of The Fundraisers
May 4, 2012 by Chip Wood
Obama is busy raising campaign funds. Although Barack Obama condemned “the corrosive influence of money in politics” in his State of the Union speech this year, it turns out that he wants to get his hands on as much of it as possible. A new book by Brendan J. Doherty, The Rise of the President’s Permanent Campaign, says that Obama has held more re-election fundraising events since taking office than the combined total of all five of his predecessors in the Oval Office. Doherty found that as of March 6, Obama had held 104 fundraisers.
How your money is spent. Three years ago, Barack Obama promised that his stimulus program would “create or save” 16,000 jobs in New Hampshire. Turns out he was only off by 15,155 jobs. The latest audit of the American Recovery and Reinvestment Act confirmed that the $766.5 million in taxpayer dollars spent in the Granite State paid for the equivalent of 845 full-time jobs. Don’t you love how your taxes are “invested”?
Why not just reduce her taxes? I’m glad to report that the pious fraud known as the Buffett Rule seems to be dead in the water — at least this year. The measure to raise taxes on America’s millionaires got a lot of publicity when Warren Buffett complained that his secretary was taxed at a higher rate than he was. Before the measure is reintroduced in Congress, I have a different suggestion: Why not reduce Federal spending enough so that we could lower everyone’s taxes? That would certainly help stimulate our economy, don’t you think?
How the Obamas reduced their taxes. And speaking of lowering taxes, here’s something to consider: Even though the top income-tax rate in this country is close to 40 percent, our President and his wife paid only half that figure last year. How? By giving away 22 percent of their income to charity. While I applaud their altruistic generosity, isn’t it interesting to note that they were in effect saying they thought private charity would spend their money more effectively than if they paid it in taxes and let government do it? Hmmmm.