R.S.F. America

John McCain is proposing lower taxes for everyone.  The Obama media, and the rest of his campaign, interpret this as tax cuts for the wealthy.  Senator Obama has promised to increase taxes on high wage earners and reduce them for the other 95% of Americans, 40% of whom aren’t even paying taxes…thus providing them with what amounts to welfare.  Sound complicated?  It really isn’t, if you remove the political spin.

One of the clearest explanations of both the truth and consequences of South Side Barry’s tax plan was written by Dr. David Kamerschen, Ph.D., Professor of Economics at the University of Georgia.  It goes like this:

Suppose that, everyday, ten men go out for beer and the bill for all ten comes to $100.  If they pay their bill the way we pay our taxes, it would break down as follows:

The first four men (the poorest) would pay nothing
The fifth would pay $1
The sixth would pay $3
The seventh would pay $7
The eighth would pay $12
The ninth would pay $18
The tenth man (the richest) would pay $59

So that’s what they decided to do.  The ten men drank in the bar each day and seemed quite happy with the arrangement, until one day the owner threw them a curve.  “Since you are all such good customers” he said, “I’m going to reduce the cost of your daily beer by $20.  Drinks for the ten men now cost just $80.

The group still wanted to pay their bill the way we pay our taxes, so the first four men were unaffected.  They would still drink for free.  But what about the other six men…the paying customers? How could they divide the $20 windfall so that everyone would get his ‘fair share’?  They realized that $20 divided by six is $3.33 but, if they subtracted that from everybody’s share, then the fifth man and the sixth man would each end up being paid to drink his beer.

Hearing their dilemma, the bartender suggested that it would be fair to reduce each man’s bill by roughly the same amount and he proceeded to calculate the amounts that each should pay, and so:

The fifth man, like the first four, now paid nothing - (100% savings)
The sixth now paid $2 instead of $3 - (33% savings)
The seventh now paid $5 instead  of $7 - (28% savings)
The eighth now paid $9 instead of @12 - (25% savings)
The ninth now paid $14 instead of $18 - (22% savings)
The tenth now paid $49 instead of $59 - (16% savings)

Each of the six was better off than before…and the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings.  “I only got $1 out of the $20,” declared the sixth man.  He pointed to the tenth man, “but he got $10!”  Yeah, that’s right,” exclaimed the fifth man. “I only saved a dollar, too!  It’s unfair that he got ten times more than I did!” “That’s true!!” shouted the seventh man.  “Why should he get $10 back when I got only $2? The wealthy get all the breaks!” “Wait a minute!” yelled the first four men in unison, “We didn’t get anything at all!  The system exploits the poor!”   The nine men surrounded the tenth and beat him up.

The next night, the tenth man didn’t show up for drinks, so the nine sat down and had beers without him.   But when it came time to pay the bill, they discovered something important.  They didn’t have enough money among all of them for even half of the bill!

…And that boys and girls, ladies and gentlemen, journalists, college professors, T.V. anchors and Mr. Barack Hussein Obama is how OUR tax system works.   The people who pay the most in taxes derive the greatest benefit from a tax reduction.  Tax them too much or attack them for being wealthy and they just may not show up anymore.

In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. And just where do you suppose ‘The Messiah’ is going to get the fish and loaves to ‘anoint’ the folks that didn’t pay into the system at all?

For those who understand, no explanation is needed.  For those who don’t understand, no explanation is possible.

R.S.F.

If you have any doubt about Democrats being responsible for the current economic crisis or that Barack Obama’s fingerprints are all over it, feast your eyes on the Bailout Skit from this past “Saturday Night Live”. That is, if you can find it!

The sketch was right ‘on-the-money’ and readily available all over the Internet until last night when it suddenly vanished … from everywhere. Someone had enough juice to get it pulled across the web and you can bet it wasn’t Republicans. If this is what we can expect from a Democrat Regime and an Obama presidency, you’d better start cherishing your vote right now, along with your First Amendment rights! I know I will, because our freedom of speech is vanishing at only a slightly slower rate than the SNL video or the value of stocks on Wall Street.

When you try to ‘Google’ the skit, there’s an explanation that it is “no longer available”. Fortunately, people like Michelle Malkin had the foresight and took the time to post a full transcript and screenshots on her web site. I’ve turned the disclaimer into a link to Michelle’s site so you can form your own opinion as to why it was pulled and, perhaps, by whom.

I have a distinct feeling the disappearance of this funny, on-target bit of satire gives new meaning to the old advertising phrase, “Reach out and touch someone!”

R.S.F.

They still don’t get it and I guess they never will. The Left is so mired in their own Socialist propaganda, and out of touch with the American people, that they don’t see what is right under their ample snouts. The entire of the Democrats and their media surrogates are musing about the rollercoaster stock market and blaming the ride on everything but the actual cause: themselves.

Did you notice how the stock market rebounded after the bailout bill was defeated? Did you notice how it plummeted again when the Senate passed their primarily pork version of the same bill? People don’t want it! They are looking for a fix but not a dole to big business, not legislation loaded with pig droppings and not a solution regulated by the very same people who caused the problem in the first place. It’s like checking into the hospital for a second surgery and rehiring the same guy who botched the first operation reasoning, “He’s familiar with my case”!

If the House passes the Senate bill, which uses the bailout as a trough filled with funds for everything from studying wool to making little wooden arrows, the stock market will nosedive still further. Whatever is done, the effect will be an expensive delay of the natural correction by free-market forces which should have been allowed to work in the first place…like three years ago when the Democrats rallied around over-regulation in spite of John McCain and Republican attempts to head off exactly what has finally happened. As to the $700+ billion? Kiss it goodbye. It’s gone!

If people had to tinker with the machinery, I just wish they would have proposed a buydown instead of a bailout…loans instead of gifts. The problem is, politicians can only line their silk purses with cold, hard cash!

R.S.F.

Do you like pulling up to the pump and paying a higher price each time because of foreign oil or do you gnash you teeth as you empty your wallet into your gas tank? Liberals blame ‘big oil’ for excessive prices because of excessive profits, despite the fact that government makes three times as much as the oil companies on every gallon without providing one ounce of product or service. Obama wants an additional gas tax to discourage us from driving, completely out of touch with the fact that people in most areas of the country must drive.

The Left is like a failing business that wants to cut back instead of seeking more sales. How about increasing supply instead of trying to reduce demand? How about drilling for oil here at home, where it’s plentiful, cheaper and under our own control?

Right now Nancy Pelosi, our illustrious ‘Madam’ of The House, is holding President Bush’s drilling proposal hostage. It lifts the executive ban on offshore drilling and initiates movement toward meaningful relief from soaring energy prices. She won’t forward it to Congress because more that 30 courageous Democrats are ready to cross the aisle and pass it. In the meantime, while they’re quick to criticize, the rest of the Dems have no plan whatsoever for putting one drop of gasoline in our tanks…not now, not later. Call Ol’ Nance today and tell her to “Let our oil go.”

Nancy Pelosi’s phone number is 202-225-0100.

With cheerleaders like this running the show, it’s no wonder Congress only has an 18% approval rating. She wants power? Let’s show her power…people power! I think we’ve carried this ‘green’ crap just about far enough, don’t you? Drill!

R.S.F.

P.S. - Sitting on the lowest approval rating Congress has achieved in over 30 years and one of the lowest in history, House Madam Pelosi in an interview just called President Bush “a total failure“. Fortunately, his failed policies have kept Ol’ Nance both safe enough and prosperous enough to be able to make statements like that. Talk about the pot calling the kettle black! If she were in any number of other countries, instead of making outrageous remarks like that, she’d have to keep her face covered. Say…there’s an idea!