Wednesday, October 24, 2012

OBOF & TYMHM PART 7


 

WELCOME TO OPINIONS  BASED  ON FACTS (OBOF)

&

THINGS YOU MAY HAVE MISSED (TYMHM)

 

Name
Published
OVERVIEW
Dec. 28, 2010
SOCIAL SECURITY PART 1
Dec. 30, 2010
SOCIAL SECURITY PART 2
Jan. 10, 2011
SOCIAL SECURITY PART 3
Jan. 17, 2011
SOCIAL SECURITY PART 4
Jan. 24, 2011
SOCIAL SECURITY PART 5
Jan. 31, 2011
SOCIAL SECURITY PART 6
Feb. 07, 2011
SOCIAL SECURITY PART 7
Feb. 14, 2011
SPECIAL ISSUE
Feb. 18, 2011
 SOCIAL SECURITY PART 8
Feb. 21, 2011
SOCIAL SECURITY PART 9
Mar. 01, 2011
SOCIAL SECURITY PART 10
Mar. 07, 2011
SS & MORE PART 1
Mar. 14, 2011
SS & MORE PART 1A
Mar. 21, 2011
SS & MORE PART 2
Mar. 25, 2011
SS & MORE PART 3
 Mar. 29, 2011
SS & MORE PART 4
 Apr. 04, 2011
SS & MORE PART 5
 Apr. 11, 2011
SS & MORE PART 6
 Apr. 18, 2011
SS & MORE PART 7
 Apr. 25, 2011
SS & MORE PART 7A     
 Apr. 29, 2011
SS & MORE PART 8
 May 02, 2011
SS & MORE PART 9
 May 09, 2011
 SS & MORE PART 10
 May 16, 2011
SS & MORE PART 11
 May 24, 2011
SS & MORE PART 12
 Jun. 06, 2011
SS & MORE PART 13
 Jun. 20, 2011
SS & MORE PART 14
July  05, 2011
SS & MORE PART 14A
July  18, 2011
SS & MORE PART 15
July  19, 2011
SS & MORE PART 16
Aug. 03, 2011
SS & MORE PART 17
Aug. 15, 2011
SS & MORE PART 18
Aug. 29, 2011
SS & MORE PART 19
Sept. 12, 2011
SS & MORE PART 20
Sept. 26, 2011
SS & MORE PART 21
Oct.   10, 2011
SS & MORE PART 22
Oct.   24, 2011
SS & MORE PART 22 EXTRA
Nov.  04, 2011
SS & MORE PART 23
Nov.  07, 2011
SS & MORE PART 24
Nov.  21, 2011
SS & MORE PART 25
Dec.  05, 2011
SS & MORE PART 26
Dec.  19, 2011
SS & MORE PART 27
JAN.  03, 2012
SS & MORE PART 27A
JAN.  05, 2012
SS & MORE PART 28
JAN.  17, 2012
SS & MORE PART 29
JAN.  31, 2012
SS & MORE PART 30
 Feb.  14, 2012
SS & MORE PART CL1
 Feb.  21, 2012
SS & MORE PART 30 EXTRA
 Feb.  23, 2012
SS & MORE PART 31
 Feb.  28, 2012
SS & MORE PART CL2 - 59
 Mar.  06, 2012
SS & MORE PART 31 EXTRA
 Mar.  07, 2012
SS & MORE PART 32
 Mar.  13, 2012
SS & MORE PART CL3 - 1
 Mar.  20, 2012
SS & MORE PART 32 EXTRA
 Mar.  24, 2012
SS & MORE PART 33
 Apr.  10, 2012
SS & MORE PART CL 4 - 2
 Apr.  17, 2012
SS & MORE PART 34
 Apr.  24, 2012
SS & MORE PART CL5 - 49
 May  01, 2012
SS & MORE PART 35
 May  09, 2012
SS & MORE PART CL6 - 19
 May  15, 2012
SS & MORE PART 35 EXTRA
 May  18, 2012
..   SS & MORE PART 36
 May  22, 2012
SS & MORE PART 36 EXTRA
 May  25, 2012
SS & MORE PART 36
 
                       EXTRA II
 June 01, 2012
SS & MORE PART 37
 June 05. 2012
SS & MORE PART 37 EXTRA
 June 07, 2012
SS & MORE PART 38
 June 12, 2012
SS & MORE PART 39
 June 19, 2012
SS & MORE PART 40
 June 26, 2012
SS & MORE PART 41
 July  03, 2012
SS & MORE PART 42
 July  10, 2012
SS & MORE PART 43
 July  17, 2012
SS & MORE PART 44
 July  24,2012
SS & MORE PART 45
 July  31, 2012
SS & MORE PART 46
 Aug. 07, 2012
SS & MORE PART 46 EXTRA
 Aug. 09, 2012
SS & MORE PART 47
 Aug. 14, 2012
SS & MORE PART 48
 Aug. 21, 2012
SS & MORE PART 49
 Aug. 28, 2012
SS & MORE PART 50
Sept. 04. 2012
SS & MORE PART 51
Sept. 11. 2012
OBOF & TYMHM PART 1
Sept. 20, 2012
OBOF & TYMHM PART 2              
Sept. 24,2012
OBOF & TYMHM PART 3
Oct.  02, 2012
OBOF & TYMHM PART 4
Oct.  04, 2012
OBOF & TYMHM PART 5
Oct.  09, 2012
OBOF & TYMHM PART 6
Oct.  18, 2012
OBOF & TYMHM PART 7
Oct.  24,2012

 

 

IN THIS ISSUE

 

1.  What a night.  What a day after.  Final Presidential debate.

2.  President Obama's plan for second term.

3.  Taxes go up next year no matter who is President.

4.  Voting machines owned by Romney.

5.  U. S. soon to be number one in world oil production.

6.  Parting thought.

~~~

 

 

 

"VOTE, AN EDUCATED VOTE"

 

 

 

What is an educated vote?  It is one that has been made with as much knowledge, based on facts, not misinformation, that an individual can obtain.

 

~~~

WHAT A NIGHT!


WHAT A DAY AFTER!


WHAT A DEBATE LET DOWN!


 


Well, the debates are over.  Frankly, I am glad.  I really don't think the debates tell us much about how a person will perform as President.  I keep going back to the questions that Lawrence O'Donnell brought up last week. 


Maybe you remember, he asked " Is it important to you that a Presidential candidate be witty?  Is it important to you that he can think fast on his feet?  Is it important to you that he is a really, really good memorizer?"  These are the things that are tested in a debate.  BUT, not one of them, not one is required to be President.  A President NEVER makes a decision alone.  He always has input from many sources before he makes the decision. 


In addition, these debates have lived up to the belief that, while the pundits determine who won and who lost, there generally is little bounce for either participant that lasts.  Now they are kind of fun, but there is doubt as to how effective they are in helping voters to really make up their minds.  In the case of this last debate on Foreign Policy, there are a number of articles listing all the things that people have said they would rather had heard the candidates debate, such as  more things relating to domestic affairs.


NOW, there is no question about who won and who lost.  Obama was on the aggressive mode right from the start.  Romney wound up, all through the debate, agreeing with the President on many issues.  On others, the President just simply put Romney to bed.  For example, you may have already heard this, but it is worthwhile to hear it again.  The President answered Romney on one of his statements as follows:


   "You mention the Navy, and the fact that we have fewer ships than we did in 1916.  Well, governor, we also have fewer horses and bayonets.  We have these things called aircraft carriers and planes land on them.  We have ships that go underwater, nuclear submarines.  It’s not a game of Battleship, where we’re counting ships.  It’s "What are our priorities?"


 


The, so called, instant polls right after the close of the debate, just simply, to me, have little meaning.  For example, a CBS poll of undecided voters showed Obama won by 53% and Romney won by 23%.  Now, I ask you, does that even sound the slightest bit reasonable.  That poll means nothing.  There was another poll, by CNN, that had Obama 48% and Romney at 40%.  That sounds a little more reasonable, but again, they don't mean anything, as far as who is going to be elected.  The latest national poll before the debate had them in an even tie at 47%.


To close my thoughts about this final debate, I will say that I was very proud of our President.  He performed great.  John Nichols of the Nation Magazine had a very interest article about the debate.  I list below just one small part of it.


 


Foreign Policy Really Is Foreign


to


Mitt Romney


John Nichols

  October 22, 2012

Mitt Romney’s just not that into foreign policy.

The hapless Republican nominee for president spent most of the only foreign-policy debate of the 2012 fall campaign mumbling lines like:

“I want to underscore the—the same point the president made…”

“That was something I concurred with…”

“I supported his—his action there…”

“I don’t blame the administration…”

“…do as the president has done…”

“… and feel the president was right…”

“I congratulate him for what he has done.”

On drones, on Syria, even on Libya, Romney agreed with the president.  Romney even appeared to shift his stance on the withdrawal of US forces from Afghanistan, steering toward a position that suddenly parallels the administration plan for a 2014 exit strategy. Senate Foreign Relations Committee chairman John Kerry, D-Massachusetts, described Romney as an “inexperienced” “Etch-A-Sketch candidate” who is not ready to be president.

~~~

PRESIDENT OBAMA'S

PLAN FOR HIS SECOND TERM

By President Obama

This election is a choice between two fundamentally different visions for America: President Obama is fighting to grow the economy from the middle out, not the top down.  Mitt Romney wants to go back to the exact same policies that caused the recession and hurt the middle class.  Read the President’s plan.

·                 FORWARD

·                  

·                 President Obama has a long-term economic plan to invest in education, small businesses, clean energy, infrastructure, and tax cuts for companies that bring jobs back to the U.S.

·                  

·                 Under President Obama, we've seen 31 straight months of job growth, adding 5.2 million private sector jobs, including nearly 500,000 manufacturing jobs – the most growth since 1997.

·                  

·                 "All of the above" strategy to develop every available source of American made energy—including oil, gas, clean coal, wind, solar, biofuels, nuclear - and taking steps to protect our climate.

·                  

·                 Set a goal to cut tuition growth in half over the next decade with a plan to double campus based student aid and incentives for schools that are successful at keeping tuition growth down.

·                  

·                 Responsibly ended the war in Iraq , is bringing our troops home from Afghanistan, and will use half the savings to reduce the deficit and the rest to engage in nation-building here at home.

·                  

·                 100 million Americans saw lifetime caps on coverage lifted, so that families have the security of knowing that their insurance will cover them when they need it most.

·                  

·                 Believes a woman’s health care choices are personal decisions, best made with her doctor—without interference from politicians.

·                  

·                 Improved Medicare by adding free preventive care, closing the “doughnut hole” saving seniors an average of $600 last year, and extended the life of Medicare by 8 years by eliminating $716 billion in waste, fraud, and abuse.

·                  

·                 Is lifting the shadow of deportation from young, hardworking immigrants who were brought here as children, and is committed to comprehensive immigration reform.

·                 NOT BACKWARD

·                  

·                 Mitt Romney’s plan would add $5 trillion in tax cuts skewed to the rich, either increasing the deficit or requiring tax increases on the middle-class.


·                 Mitt Romney wants to return to the failed top-down policies that crashed the economy.

·                  

·                 Could require raising taxes on middle class families with kids by $2000 to pay for tax cuts for the wealthy.

·                  

·                 Let Big Oil advisers and donors write a drilling-centered energy policy for America, that will never reach energy independence, excluding any plan for energy efficiency and stripping funding for clean energy.

·                  

·                 As governor, Romney made deep cuts to higher education - by the end of his term, college costs had skyrocketed, with fees at state colleges and universities increasing 63%.

·                  

·                 Mitt Romney criticized the end of the Iraq war as "tragic," and has offered no plan withdraw our troops from Afghanistan.

·                  

·                 Go back to the days when more than half of all insurance plans included lifetime limits on the care they would cover.

·                  

·                 Give employers and government the authority to limit women’s access to common forms of birth control.

·                  

·                 Would end Medicare as we know it, eliminating guaranteed benefits and turning Medicare into a voucher program — which could increase costs for seniors more than $6,000 each year by shifting costs to seniors.

·                  

·                 Pledged to veto the DREAM Act, and refuse help for many immigrants who came here as child.

 

~~~

TAXES GO UP NEXT YEAR

NO MATTER WHO IS PRESIDENT

 

By STEPHEN OHLEMACHER,

 The Associated Press

Published 10-20-12

President Barack Obama isn't talking about it and neither is Mitt Romney. But come January, 163 million workers can expect to feel the pinch of a big tax increase regardless of who wins the election.

A temporary reduction in Social Security payroll taxes is due to expire at the end of the year and hardly anyone in Washington is pushing to extend it. Neither Obama nor Romney has proposed an extension, and it probably wouldn't get through Congress anyway, with lawmakers in both parties down on the idea.

Even Republicans who have sworn off tax increases have little appetite to prevent one that will cost a typical worker about $1,000 a year, and two-earner family with six-figure incomes as much as $4,500.

Why are so many politicians sour on continuing the payroll tax break?

Republicans question whether reducing the tax two years ago has done much to stimulate the sluggish economy. Politicians from both parties say they are concerned that it threatens the independent revenue stream that funds Social Security.

They are backed by powerful advocates for seniors, including AARP, who adamantly oppose any extension.

"The payroll tax holiday was intended to be temporary and there is strong bipartisan support to let that tax provision expire," said Sen. Orrin of Utah, the top Republican on the Senate Finance Committee. "The continued extension of a temporary payroll tax holiday has serious long-term implications for Social Security and, frankly, it's not even clear that it has helped to boost our ailing economy."

The question of renewing the payroll tax cut has been overshadowed by the expiration of a much bigger package of tax cuts first enacted under President George W. Bush. The Bush-era tax cuts also expire at the end of the year, and Congress is expected to try to address them after the election, in a lame-duck session.

The payroll tax cut could become part of the mix in negotiations that could go in many directions. But lawmakers in both political parties say they doubt it.

"I think there's a growing consensus that Congress and the president can't continue to divert such a critical revenue stream from Social Security," said Rep. Kevin Brady of Texas, a senior Republican on the tax-writing House Ways and Means Committee. "I think more and more Americans understand that that payroll tax cut, while politically appealing, is endangering Social Security."

Before he was named as Romney's running mate, Rep. Paul Ryan, R-Wis., disparaged the payroll tax cut, calling it "sugar-high economics" that wouldn't promote long-term growth.

Social Security is funded by a 12.4 percent tax on wages up to $110,100, rising to $113,700 in 2013. Half is paid by employers and the other half is paid by workers. For 2011 and 2012, Congress and Obama cut the share paid by workers from 6.2 percent to 4.2 percent.

A worker making $50,000 saved $1,000 a year, or a little more than $19 a week. A worker making $100,000 saved $2,000 a year.

The beauty of the tax cut is that is shows up in weekly paychecks, giving workers more money to spend or save. The downside is that some workers may not notice a $19-a-week increase in pay, making them unlikely to credit the politicians who made it happen.

Under the law, Congress is reimbursing Social Security for the lost revenue, estimated at $103 billion in 2011 and $112 billion in 2012. But Congress didn't cut spending or raise other taxes to offset the lost revenue, so the payroll tax cut is being financed with borrowed money, adding to the national debt.

Democrats are more willing to defend the tax cut, saying it helped prop up the economy during a rough stretch while providing what amounted to a 2 percent pay increase to millions of middle-income workers. But they, too, are concerned about maintaining Social Security's source of revenue.

"I think people realize that was a temporary thing," said Sen. Mark Begich, D-Alaska.

Rep. Richard Neal of Massachusetts, a senior Democrat on the Ways and Means Committee, said he thinks there is evidence that the tax cut helped the economy. But, he added, "I'm not sure that it met expectations."

House Democratic leader Nancy Pelosi of California said she, too, wants to let the tax cut expire.

Larry Summers, Obama's former economic adviser, is a lonely voice in Washington calling to extend the payroll tax cut. He said in a recent speech that the economy is too fragile to reduce workers' incomes.

Obama pushed for the tax cut in late 2010 as a way to increase workers' take-home pay to help boost consumer spending and provide a spark for the economy. Economists were divided on the economic benefits . Many said it probably helped increase consumer spending but there was no consensus on the magnitude.

The initial tax cut was for only a year, and many Republicans in Congress wanted to let it lapse at the end of 2011. But Obama and Democratic lawmakers successfully fought to extend it through 2012.

Obama, however, didn't include the tax cut in his 2013 budget proposal, and Treasury Secretary Timothy Geithner told Congress this year that he saw no reason to extend it again.

White House spokeswoman Amy Brundage wouldn't rule out an extension but wouldn't commit to one, either.

"The president fought extremely hard last year in the face of Republican opposition to ensure that the payroll tax cut was extended," Brundage said. "There are a number of tax issues that Congress will have to deal with at the end of the year, this being one of them, and we will continue to evaluate all of the options available to us at that time."

Romney's campaign hammers Obama almost every day for proposing to let Bush-era tax cuts expire for individuals making more than $200,000 and married couples making more than $250,000. But Romney's tax plan would let the payroll tax cut expire, an issue he doesn't mention on the stump.

Romney's campaign declined to discuss the issue.

 

 VOTING MACHINES PARTLY OWNED BY
THE

ROMNEYS, COULD DECIDE THE ELECTION IN OHIO

 

Could a voting machine company with deep financial ties to the Romney family help Republicans steal the presidential election in Ohio?

It could happen.  If this year's presidential election comes down to the electoral votes in Ohio, the deciding votes could be cast on electronic voting machines manufactured by Hart Intercivic.


A 2007 study conducted by Ohio's Secretary of State showed that Hart Intercivic's touch screen voting machines could be easily corrupted. The New York Times reported:

At polling stations, teams working on the study were able to pick locks to access memory cards and use hand-held devices to plug false vote counts into machines. At boards of election, they were able to introduce malignant software into servers.1

Hart Intercivic is majority owned by H.I.G. Capital which controls two of the five seats on the Hart Intercivic board. An investment fund with deep ties to the Romney family and the Mitt Romney for president campaign, H.I.G. Capital was founded by Tony Tamer, a major bundler for the Romney campaign, and it is one of the largest partners of Solamere Capital, an investment fund founded by Tagg Romney and Spencer Zwick, Mitt Romney's chief fundraiser from the 2008 presidential campaign.2 This makes the Romney family part owner of the voting machine company, through it's interest in H.I.G. Capital.

What's more, three other H.I.G. Capital directors are major fundraisers for the Romney campaign, and H.I.G. Capital is the 11th largest contributor to the Mitt Romney campaign.3 Two of the company's directors, Douglas Berman and Brian Schwartz, were even in attendance at the Boca Raton fundraiser4 where Romney infamously declared:

"There are 47 percent of the people who will vote for the president no matter what... who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it... These are people who pay no income tax...[M]y job is is not to worry about those people. I'll never convince them they should take personal responsibility and care for their lives."5

And as if the ties between Tagg Romney's Solamere, Romney contributors at H.I.G. Capital, and Hart Intercivic weren't astonishing enough, two members of Hart Intercivic's 5-member board of directors made direct contributions to the Romney campaign. That's right. Directors of the company that makes touchscreen voting machines that could decide the presidential election in Ohio, have made contributions to the Mitt Romney for President campaign.

It is disturbing and dangerous that Hart Intercivic, the company that makes the machines that will count many of the votes in Ohio on election night has deep financial ties to family members of Mitt Romney. And that its leadership has been actively involved presidential campaign by donating and bundling hundreds of thousands of dollars to the Mitt Romney. The fact that these machines are easily corruptible touch screen voting machines makes matters even worse.
Gov. Mitt Romney and President Barack Obama are locked in a tight election race which could very well be decided by Ohio's 18 electoral votes.  We must take action now.

~~~

The U.S. may soon be the world’s number-one oil producer.

 

U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world’s biggest producer. Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7 percent this year to an average of 10.9 million barrels per day. This will be the fourth straight year of crude increases and the biggest single-year gain since 1951.

The boom has surprised even the experts…The Energy Department forecasts that U.S. production of crude and other liquid hydrocarbons, which includes biofuels, will average 11.4 million barrels per day next year. That would be a record for the U.S. and just below Saudi Arabia’s output of 11.6 million barrels. Citibank forecasts U.S. production could reach 13 million to 15 million barrels per day by 2020, helping to make North America ‘the new Middle East.’”

Jonathan Fahey in The Associated Press.

 

~~~

PARTING THOUGHT

 

I am not going to let a box camera, now an antique, or any thing or person tell me whether or not I am an antique.  I will decide, and I'm not ready yet.  My idea of an antique is that it has to be at least 150 years old, which gives me a little breather.

Eda LeShkan

 

If the good Lord is willing and the creek don't rise, I'll talk with you again next Tuesday, October 30, 2012 if not before. 

 

God Bless You All

&

God Bless The United States Of America.

Floyd

 

No comments:

Post a Comment