President Obama Is No Longer Tethered To Reality!

Why does Barack Obama believe he must intentionally lie again and again to the American people to get his half-baked jobs bill passed by Congress? Here is but one of several recent egregious examples.

"Finally, Obama threatened America’s seniors with more, saying that if House Republicans don’t agree to his tax increase to increase the debt limit, “we would not have enough money to pay the bills — bills that include monthly Social Security checks.” This declaration can only be described as calculated intentional deception.

This is clearly an out-and-out lie and Barack Obama of all people should know it! And here is why.

"Moreover, those Social Security trust fund bonds are explicitly backed by the full faith and credit of the U.S. That means Obama is constitutionally required to pay them when needed to pay Social Security benefits. In addition, there is more than enough general revenue coming in to just cash out the trust fund bonds as necessary in any event, even without issuing any new public bonds.

As a result, Obama is constitutionally required to pay Social Security benefits, under his constitutional duty to take care that the laws be faithfully executed. That means failing to pay those benefits would be an impeachable offense."

Enough of the nonsense Mr. President. Quit trying to divide us and do what you were elected to do and that is to unite us! Otherwise, the American electorate will send you and Michelle packing next November.

 

These discussions were very good.

It is now well documented that Obama is a blatant liar!

"And already scheduled under current law for 2013 are increases in the top tax rates of every major federal tax, apart from the already too high corporate tax rate. That is because the ObamaCare taxes become effective that year, and the Bush tax cuts expire. So the top two income tax rates would go up nearly 20%, the capital gains tax rate would go up nearly 60%, the tax on corporate dividends would nearly triple, and the Medicare payroll tax would go up 62% for the nation’s small businesses, job creators and investors.

Obama’s wildly erroneous statement Monday night indicates he is not living in the real world, which is dangerous for America. These tax policies so heavily skewed against the nation’s small businesses, job creators and investors are central reasons why there has been no recovery from the last recession, why working people can’t get jobs, why their wages are falling in real terms, why unemployment is still rising 3.5 years after the last recession started, why a record number of Americans are in poverty. As a consequence, in reality, it is Obama’s anti-market economic policies that are actually in effect stacked heavily against the middle class, working people and the poor.

Obama also told the nation Monday night he wants to “ask hedge fund managers to stop paying taxes at a lower rate than their secretaries.” This is another false truism that is widely circulated throughout the liberal/left. The allegation arises because capital gains income is taxed at 15%, while individual income tax rates range higher than that. But as I explain in my book, the fundamental mistake is the failure to recognize that capital income is taxed multiple times, not just by the capital gains tax. It is taxed at least four times, by the individual income tax, the corporate income tax, and the death tax, besides the capital gains tax. That is why the most fair as well as most economically productive rate for the capital gains tax would be zero, as is the case in much of the industrialized world.

The president further proclaimed Monday night that “most Americans don’t understand how we can ask a senior citizen to pay more for her Medicare benefits before we ask corporate jet owners and oil companies to give up tax breaks that other companies don’t get.” But his ObamaCare law already more than asks seniors to pay more for their Medicare benefits. It requires them to pay 40% to 200% more if they, in the President’s infinite wisdom, earn too much, defined as over $85,000 a year this time."

 

James, I think that you are making a great point. This president is a bit like Nixon - his psychological make up is such that I doubt his grip on reality.

 

Thank you, Sir!

Obama's views of how to stimulate the economy are very perplexing. To this day he does not understand that private enterprise has made this nation great. All government ever does is remove money from the economy in the form of taxes. This policy does nothing but hinder and retard our economic growth!

By the way, here is another great article I ran across that may be of interest to you.

http://www.politicalforum.com/curre...-casts-long-shadow-over-temporary-growth.html

 

It is very strange. He better start sounding more in touch with the reality of the situation or the National (Democratic) Media may actually start reporting on it.

 

No longer tethered to reality? His seperation from reality is total and that it ever existed is in serious doubt. I knew that in July 2007. His descent has been steady from there. I am truly surprised that more have not noticed, and even more surprised that anyone at all still supports him. Flabbergasted!!!

 

Dividing us is the only way he can get his liberal, socialist and marxist vision of America passed over head of our people. its a shame, but its what he wants to do

 

You are very correct, Never Left.

This analysis confirmns what you have said. It is very good.

 

I could not agree more. His approval rating is at like 41%...who are these idiots who still support him??? They have to be Marxists, Socialists, Commies.

 

Pass this bill now!!!

 

Oh, I know...we can't wait for congress, we can't wait for them to pass the bill to hep small businesses...BWAHAHAHAHAHA...What a (*)(*)(*)(*)ing loser!!!!!!!

Who believes this crap???...Oh yeah...the lefitst losers do.

 

Good comments, Rapunzel.

Have you seen this excellent video?

It confirms exactly what yoy have said!

[ame="http://www.youtube.com/watch?v=UGL-Ex1CD1c"]Peter Schiff Speaks for 1 Percent at Occupy Wall Street - YouTube[/ame]

 

I wonder what new idea Obama will come up with when we pass his new jobs bill and it does absolutely nothing to improve the economy?

I know. He will say the same thing he said about the two stimulus packages the Democrats passed after they too failed.

He will say, “The amount of U.S. taxpayer money we handed out this time to the organized unions was not large enough!"

Ha-Ha!

 

He is an incredibly little man for a president.

_

 

It went from grow jobs to support jobs. Clever enough for sheep.

_

 

Yep. You nailed it.

 

This review was very good.

"Obama’s wildly erroneous statement Monday night indicates he is not living in the real world, which is dangerous for America. These tax policies so heavily skewed against the nation’s small businesses, job creators and investors are central reasons why there has been no recovery from the last recession, why working people can’t get jobs, why their wages are falling in real terms, why unemployment is still rising 3.5 years after the last recession started, why a record number of Americans are in poverty. As a consequence, in reality, it is Obama’s anti-market economic policies that are actually in effect stacked heavily against the middle class, working people and the poor.

Obama also told the nation Monday night he wants to “ask hedge fund managers to stop paying taxes at a lower rate than their secretaries.” This is another false truism that is widely circulated throughout the liberal/left. The allegation arises because capital gains income is taxed at 15%, while individual income tax rates range higher than that. But as I explain in my book, the fundamental mistake is the failure to recognize that capital income is taxed multiple times, not just by the capital gains tax. It is taxed at least four times, by the individual income tax, the corporate income tax, and the death tax, besides the capital gains tax. That is why the most fair as well as most economically productive rate for the capital gains tax would be zero, as is the case in much of the industrialized world."

 

Agreed, NL. Here's a bit from the WH Insider's report a year ago... not like it should be any surprise he's so detached. He's downright lazy.

He's proven this to be true. The only thing he gets motivated for is... campaigning.

 

Thanks for sharing, Smartmouthwoman.

This discussion was very intereting.

 

If the President had an ounce of competency, he would scrap the American Jobs Act in favor of the Bole-Simpson proposal. At least that would have a chance of getting through Congress.

 

What is the Bole-Simpson proposal?

Please elaborate.

Why do you like it?

Thanks!

 

You are correct, DonGlock.

The insiders who have worked for Obama have said he doesn’t have the "intellectual curiosity" that is necessary for a person to be a good president.

The only time he appears interested in what his staff has to say is if they are talking about sports or the latest repots on Obama's policies by Fox News!

He is a very good political campaigner (he enjoys this aspect of politics most of all!) but a very poor government executor and problem-solver.

 

He said this 3 months ago. How is this "current news"? He said this during the Republican Tea Party Debt Ceiling Extortion Fiasco that caused so much uncertainty and damaged confidence.

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How can he pay them if the Govt doesn't have the funds?

 

The Bole-Simpson proposal (is actually known as the Bowles-Simpson proposal) was the deficit and debt reduction initiative of Obama's Bipartisan Commission on Fiscal Responsibility. I utilized the name that many media outlets mistakingly designate to it.