Tag Archives: Tax Cut

Romney wins first debate: spanks dazed and confused Obama like a foolish child

The debate was the worst ass-kicking in a Presidential debate that I have ever seen.

The transcript is here. And here’s the story on what went down.

Excerpt:

GOP presidential challenger Mitt Romney tonight charged that President Barack Obama’s jobs plan is a failure, with millions out of work and looking for help.

“My plan is to put people back to work in America,” Romney said tonight at the first of three presidential debates scheduled for the 2012 presidential election season.

“Look at the history of the past four years. We have 23 million people unemployed. Keeping with the status quo is not going to work for the American people.”

Obama returned to his oft-repeated theme of blaming George W. Bush, asserting the taxation approach Romney was proposing was nothing more than a return to the “trickle-down” economy of the Republican plan.

Obama began the debate by reciting familiar campaign themes, suggesting once again that his administration inherited from Bush one of the worst economies in the history of the United States.

But Romney struck a theme of energy independence and advancing small business as keys to getting the U.S. economy growing again. He accused Obama of proposing “trickle-down government,” represented by more government regulation and more taxation.

Romney disputed Obama’s assertion he was locked into a tax cut, charging that under the Obama administration the middle class has been pressed by reduced income, diminished job opportunities and increased food and energy costs.

From the first moments of the debate, Romney looked Obama directly in the eye, took exception to president’s assertions about Romney’s policies, and gave more precise answers.

Obama pressed that Romney’s economic plan called for $5 trillion in tax cuts and $2 trillion in military budget increases, a program Obama asserted would demand tax increases on middle-income earners.

“Look, I’ve got five boys and I’m used to somebody saying something that’s not true and hoping that by repeating it I’m going to believe it,” Romney countered, asserting that everything Obama said about his tax program was inaccurate.

Obama insisted Romney’s tax-reduction plan of necessity would either increase the deficit or demand tax increases for the middle class, charging that under Romney’s definition Donald Trump would be a small business.

Objecting to Jim Lehrer’s interruption that the first segment was exceeding the 15-minute limit, Romney charged that Obama would increase taxes on small businesses at the cost of 700,000 jobs.

As the discussion advanced to the nation’s deficit, Obama reiterated his statement that he inherited a massive deficit, and appeared on the defensive.

“You have been president for four years, you said you would cut the deficit in half and you have run $1 trillion in deficits each of the four years,” Romney attacked. “That does not get the job done.”

Romney pointed out that when the economy was growing as slowly as it is now, more slowly than when Obama took office, this is no time to increase taxes.

“You never balance the budget by increasing taxes,” Romney insisted. “I don’t want to go down the path of Spain.”

And:

Romney said “ignoring the 10th Amendment is not the way to have a vibrant economy.”

Romney said the key to education is great teachers, and he raised a reference to the U.S. Constitution regarding citizen rights.

“I interpret our founding documents as providing a responsibility for religious freedom – to pursue happiness by taking care of the less fortunate – but massive government involvement limits freedom – the path we are taking is not working with 23 million Americans unemployed and 50 million on food stamps.”

Obama said the responsibility of the federal government was important in improving the educational system in America.

“Budgets reflect choices. If we cut taxes to benefit people like Gov. Romney and me, it makes a difference,” Obama. He again demanded specifics of the GOP plans.

“When it comes to making college affordable, whether it be two years or four years, we cut out the middleman and eliminated banks from making a profit in student loans. Gov. Romney believes in education but he tells kids to borrow from their parents to go to college.”

Romney responded, “Mr. President, you are entitled to your own airplane and your own house – but not to your own facts.”

Romney said Obama put $90 billion into green jobs, but half of the recipients went bankrupt and others were owned by contributors to your campaign, and questioned the number of teachers that would have hired.

Romney proposed grading schools to know which were succeeding and which were failing.

“Massachusetts schools are ranked No. 1 in education because I care for education for all our children,” Romney said.

It was so bad that even gay activist and radical leftist Andrew Sullivan called it for Romney: (H/T Hot Air)

Look: you know how much I love the guy, and you know how much of a high information viewer I am, and I can see the logic of some of Obama’s meandering, weak, professorial arguments. But this was a disaster for the president for the key people he needs to reach, and his effete, wonkish lectures may have jolted a lot of independents into giving Romney a second look…

The person with authority on that stage was Romney – offered it by one of the lamest moderators ever, and seized with relish. This was Romney the salesman. And my gut tells me he sold a few voters on a change tonight. It’s beyond depressing. But it’s true.

A post-debate poll from left-wing CNN found that an astonishing 67% of registered voters thought that Romney won the debate.

Even the radically left-wing National Journal says:

Call it the curse of incumbency. Like many of his predecessors, President Obama fell victim Wednesday night to high expectations, a short fuse, and a hungry challenger.

If Republican presidential candidate Mitt Romney didn’t win the first of three presidential debates outright, he more than covered the spread. He was personable, funny, and relentlessly on the attack against a heavily favored Obama.

The president looked peeved and flat as he carried a conversation, for the first time in four years, with somebody telling him he’s wrong.

This debate was a blowout – and that’s just the reaction of the left.

Left-wing reactions on Twitter

Bill Maher: (HBO)

Bill Maher says Romney defeated Obama
Bill Maher says Romney defeated Obama

Peter Beinart (The New Republic)

Peter Beinart says Romney defeated Obama
Peter Beinart says Romney defeated Obama

Piers Morgan: (CNN)

Piers Morgan says Romney defeated Obama
Piers Morgan says Romney defeated Obama

And CHRIS MATTHEWS too:

Something else ran down his leg tonight, and it wasn’t a tingle, it was a tinkle.

Romney leading by 4 points in swing states

The latest poll of swings states from the left-wing Politico shows Romney leading Obama by 4 points, even with a 2 point oversampling of Democrats.

Breitbart explains: (links removed)

This week, Politico released its latest Battleground pollof the presidential race. Despite coming from the left-wing news site, the poll is one of my favorites. Its put together by respected pollsters from both parties, makes available its full cross-tabs and uses a very modest and reasonable turnout model for its sample. Including leaners, the sample in the poll is D+2. Nationally, Obama leads by 2-3 points, but, in the critical swing states, Romney now has the edge.

Each candidate leads in states considered “safe” for their party. In safe GOP states, Romney leads by 8. In safe Democrat states, Obama leads by a massive 22 points. But, in the more numerous and more important “toss up” states, Romney leads by 4, hitting the critical 50% threshold.

In the slightly different category of “battleground” states identified by Politico, Romney leads by 2, 49-47. Romney’s lead over Obama is powered primarily by his edge with independents. Romney leads Obama by 4 among the important swing voters. By 11 points, these voters think Romney would do better on the economy than Obama, 51-40.

Romney also has a big edge with middle class families, who prefer him over Obama by 15 points, 56-41.

My prediction for this election remains Romney 52, Obama 47.

Related posts

Did George W. Bush’s tax cuts cause Obama’s trillion dollar budget deficits?

Let’s take a look at the budget deficits again, keeping in mind that the last Republican budget was the 2007 budget. In January of 2007, the Democrats took control of the House and Senate, and all spending was in Democrat control until January of 2011, when the Republicans took back the House.

Obama Budget Deficit 2011
Obama Budget Deficit 2011

Next, let’s see what impact the Bush tax cuts from 2001 and 2003 had on tax revenue:

Federal receipts after Bush tax cuts
Federal receipts (1994-2008)

From the chart:

  • Revenue in 2001 was 2.0 trillion in the year of the first round of tax cuts
  • Revenue in 2003 was 1.8 trillion in the year of the second round of tax cuts
  • Revenue then rose in each subsequent year, ending at 2.6 trillion in 2007, when the Democrats took over the House and Senate
  • In 2007, Bush was only spending about 2.8 trillion – very close to what he was taking receiving in tax revenues
  • The budget deficit went down in each year after both tax cuts were in place (2004), until the Democrats took over the House and Senate
  • Obama is currently spending over 3.8 trillion per year, but he is only receiving about 2.2 trillion in revenue.
  • It’s a spending problem, not a revenue problem

Doug Ross explains:

According to the OMB’s own figures, the Bush tax cuts resulted in an explosion of revenue to the U.S. government.

That’s not to say Bush wasn’t a profligate spender — he was. But in virtually no cases were Democrats arguing that he spend less (unless you count national security).

In fact, fiscal conservatives opposed Bush’s absurd policies on spending, amnesty and the expansion of Medicare.

But no one in world history has ever spent money like Barack Obama.

These statements are indisputable.

Which is why they are certain to be rejected by the diminishing cadre of Obama-Democrat drones, who appear to be completely immune to facts, logic and reason.

And let’s just see what happened to the unemployment rate since the Democrats took over spending in January of 2007:

Unemployment Rate (Not seasonally adusted)
Unemployment Rate (Not seasonally adusted)

There are a lot of people who don’t know about these numbers because they watch Jon Stewart and Stephen Colbert on the Comedy Channel, or Rachel Maddow and Ed Schulz on MSNBC.

I actually spoke to someone who voted for Obama about these numbers. He said that 2.6 trillion in tax revenues was worse than 2.0 trillion in tax revenues. And he said that a 4.3% unemployment rate was WORSE than a 9.2% unemployment rate. And he also said that a $160 billion dollar deficit was WORSE than a $1650 billion dollar deficit. Ok I just made that up, but still. That’s how Democrats think. Tax and spend.

Marco Rubio’s amazing maiden speech in the US Senate

Florida Senator Marco Rubio
Florida Senator Marco Rubio

Human events reported on Florida Senator Marco Rubio’s first speech on the floor of the US Senate today, and it was AWESOME. (H/T Kathleen McKinley)

Full story:

Freshman Florida Republican Senator Marco Rubio delivered his maiden speech on the floor of the Senate yesterday and it was a speech all GOP presidential contenders should watch.

It was the best speech of the 2012 presidential cycle, except the person who delivered it has all but ruled himself off of the 2012 ticket on numerous occasions.

The GOP presidential field has been criticized for not having passion or conviction, and Rubio’s speech lit up the normally staid Senate chamber to the extent that this is possible. It had a clear argument, an emotional arc, personal tie-ins, and was delivered with conviction. Too often, even in the GOP, politicians talk about American exceptionalism as if it is an academic exercise.

Not Rubio.

Rubio owned it, his words personified it, and his speech was delivered in a way that led one who was watching to to think Rubio was humbled and still awed at America’s exceptional past and promise.

As Republicans learned in 2008, words and stories matter. It draws a public who does not get caught up in the drudgery of modern American politics in to care about the democratic process.
Add in the fact that Rubio is young and a minority, which are the two groups Republicans do most poorly with, and the speech and the messenger become even more dynamic, compelling, symbolic and important.

Rubio said he came “from a hard working and humble family” that “was neither wealthy nor connected,” but that he “grew up blessed in two important ways:” He had a strong and stable family and was born in America.

He realized that “America is not perfect” and “ti took a bloody civil war to free over 4 million African Americans who lived enslaved … and it would take another hundred years after that before they found true equality under the law.”

Rubio then movingly talked about how people who came to give their children a better life contributed to an “American miracle.”

He spoke of how a “16-year-old boy from Sweden, who spoke no English and had only five dollars in his pocket, was able to save and open a shoe store,” and “today, that store, Nordstrom is a multi-billion dollar global retail giant.”

He spoke of a “a young couple with no money and no business experience decided to start a toy business out of the garage of their home, and, “today, that company, Mattel, is one of the world’s largest toy manufacturers”

He spoke of the “French-born son of Iranian parents created a website called AuctionWeb in the living room of his home,” and, “today, that website now called eBay stands as a testament to the familiar phrase, ‘Only in America.'”

Rubio then talked movingly of the American dream and personified it by putting faces on the dream.

He said it was “story of the people who cleaned our office last night” who work hard so they can send their kids to college.”

He said it was “the story of the people who served your lunch today” who “work hard so that one day their children will have the chance to own a business.”

He said, in a reference to his father, the American Dream was also the “story of a bartender and a maid in Florida, whose son now serves here in this Senate, and who proudly gives his testimony as a firsthand witness of the greatness of this land.”

He then pivoted and said while “most great powers have used their strength to conquer other nations” America “is different” for America, “power also came with a sense that to those that much is given, much is expected.”

Rubio said that America’s greatness can be found anywhere in the world, “when someone uses a mobile phone, email, the Internet, or GPS” or “when a bone marrow, lung or heart transplant saves a life.”

Rubio then talked about how he “grew up in the 1980s, a time when it was morning in America” and that the 1980s, like the American century, faced challenges and triumphs but it was a “century where American political, economic and cultural exceptionalism made the world a more prosperous and peaceful place.”

He spoke of how the country is headed toward the wrong direct and that “we do stand now at a turning point in our history, one where there are only two ways forward for us. We will either bring on another American century, or we are doomed to witness America’s decline.”

Rubio said that since “every single one of us is the descendant of a go-getter,” “of dreamers and believers,” and “of men and women who took risk and made sacrifices because they wanted to leave their children better off than themselves” that “we are all the descendants of the men and women who built the nation that changed the world” whether “hey came here on the Mayflower, a slave ship, or on an airplane from Havana.”

Rubio then quoted John F. Kennedy about how America is the “watchmen on the walls of world freedom” and asked if America declined, “who will serve as living proof that liberty, security, and prosperity are all possible together,” or “lead the fight to confront and defeat radical Islam that “abuses and oppresses women, has no tolerance for other faiths and seeks to impose its views on the whole world,” or stand up for children who “are used as soldiers and trafficked as slaves?”

Rubio asked, if America declines, “who will create the innovations of the 21st century?”

He answered that nobody will because “there is still no nation or institution in the world willing or able to do what we have done.”

“Now, some say that we can no longer afford the price we must pay to keep America’s light shining,” Rubio said. “Others say that there are new shining cities that will soon replace us.”

“I say they are both wrong,” Rubio emphatically said because the world “still needs America,” “still needs our light,” and “still needs another American century” and “with God’s help, that will be our legacy to our children and to the world.”

You can watch the video here. The full transcript is here. READ THE WHOLE THING if you can’t watch the video.

You’ll recall that this blog has been a strong supporter of Marco Rubio since the day he announced his candidacy. He, along with Michele Bachmann, Paul Ryan, Allen West and Jim Demint, are my favorite Republicans. I’m probably forgetting some, but those are the ones that come to mind. I think if I had to choose someone who best matched my views across the board, that would be Michele Bachmann. But Marco Rubio best matches my personal story, and my opinion of the United States of America.

Here’s my post on the day he won the seat: Marco Rubio wins Florida Senate race – first tea party senator!

And here’s my post on the day he announced he was running: Conservative Marco Rubio announces for Florida Senate seat.

He will be a great Senator. And some day, maybe he’ll be even more. IFYKWIMAITYD.