“I am going to lower rates across the board for all Americans by 20%. And in order to limit any impact on the deficit, because I do not want to add to the deficit, and also in order to make sure we continue to have progressivity as we’ve had in the past in our code, I’m going to limit the deductions and exemptions particularly for high income folks. And by the way, I want to make sure you understand that, for middle income families, the deductibility of home mortgage interest and charitable contributions will continue. But for high income folks, we are going to cut back on that, so we make sure the top 1% pay their fair share or more.”
Mitt Romney’s second go-round at a presidential run is not going so well.
Nine states have voted so far, and in six of them the former Massachusetts governor has shed supporters who voted for him in 2008, winning fewer votes in each of those states than he did last time.
“Romney doesn’t seem to have a cause,” said John J. Pitney Jr., a political scientist at Claremont McKenna College in California. “There’s no Romney faction in the Republican Party. John McCain was able to present himself as the champion of political reform. [Ronald] Reagan was the champion of conservatives. Romney is trying to portray himself as a generic Republican, and I think a lot of Republicans regard him as a resident alien in the conservative movement, not as a full-fledged citizen.”
The Republican Party has had an affinity for nominating do-over candidates. Five of the past six non-incumbent nominees were repeat contenders: Richard M. Nixon, Reagan, Bob Dole, Mr. McCain and George H.W. Bush. The only exception in the past 50 years was Mr. Bush’s son, George W. Bush, in 2000.
Each of those previous do-overs did much better in their final campaigns: Reagan in 1980 and the elder Mr. Bush in 1988 improved their counts over their previous runs in every one of the first eight states to vote. Mr. Dole did better in all but one of the first eight, and Mr. McCain did better in six of the first eight races in 2008.
Mr. Romney has done worse in caucuses in Iowa, Nevada, Colorado, Minnesota and Maine, and also in Missouri’s primary — though that contest was nonbinding. In Minnesota, Mr. Romney won less than a third of the votes he won there in 2008, while in Colorado he won 30 percent fewer votes.
With the economy on its knees, many American families have had to forgo their annual holiday just to make ends meet.
But barely a month after returning from a luxury Christmas break in Hawaii Michelle Obama is on holiday again – this time at the exclusive Colorado ski resort of Aspen.
The Obamas are staying at the home of Jim and Paula Crown, owners of the Aspen Skiing Co. Last year the first lady gave a speech at their home, in front of about 150 supporters. Each paid between $1,000 and $10,000 to attend the joint fundraiser for the Democratic National Committee and President Obama’s 2012 presidential campaign.
The holiday is not the first time the first girls have been on skis.
Their first attempt came in Feb 2010 when she took the girls to Liberty Mountain Resort, in Carroll Valley, Pa. just is 60 minutes from the White House.
And last year Mrs Obama took Sasha and Malia to Vail and Beaver Creek last Presidents’ Day just days after the President tried to sell his cost-cutting budget to the American people by asking them to stay at home.
‘If you’re a family trying to cut back, you might skip going out to dinner, or you might put off a vacation,’ he said.
Once again while Mr Obama returned to the White House after a fundraising trip to West Coast, the rest of his family headed to Colorado – rather than visiting slopes closer to Washington in Virginia or Pennsylvania.
Their trip came despite previous criticisms over the family’s extravagant vacations, including a trip last summer to Martha’s Vineyeard where the family rented a farm estate for around $50,000 a week.
Mrs Obama also raised eyebrows when for the second year in a row she left earlier than her husband for their annual Christmas holiday in Hawaii, incurring additional expenses of an estimated $100,000. The 17 day holiday is estimated to have cost taxpayers $4 million.
In yet another curtsy to the politically correct orthodoxy, President Barack Obama’s White House plans to tinker with federal police curriculums for counterterrorism training classes, according to a Beltway public-interest organization. The first bit of “revamping” is the removal of all material that groups, such as the Council on American Islamic Relations , or CAIR, find offensive or containing a “negative” image of Muslims. It’s a government-wide call to end Islamophobia, according to a blog by a Washington, DC-based watchdog group that investigates, exposes and prosecutes government corruption.
Obama’s State Department is giving away seven strategic, resource-laden Alaskan islands to the Russians. Yes, to the Putin regime in the Kremlin. … The seven endangered islands in the Arctic Ocean and Bering Sea include one the size of Rhode Island and Delaware combined. The Russians are also to get the tens of thousands of square miles of oil-rich seabeds surrounding the islands. The Department of Interior estimates billions of barrels of oil are at stake. The State Department has undertaken the giveaway in the guise of a maritime boundary agreement between Alaska and Siberia. Astoundingly, our federal government itself drew the line to put these seven Alaskan islands on the Russian side.
Earlier this week, White House economic adviser Gene Sperling announced his support for changes in the tax structure. “[W]e need a global minimum tax so that people have the assurance that nobody is escaping doing their fair share as part of a race to the bottom or having our tax code actually subsidized and facilitate people moving their funds to tax havens,” Sperling said at an official White House meeting. He even indicated that President Obama “supports” this change.
After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.
And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven’t sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.