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|Subject: VDH: Gilded Class Warriors||Date: 2/23/2013 3:28 PM|
|Author: 2828||Number: 672764 of 762256|
Two words: "Smack" "Down"
Now, that paradox has continued right off the bat in the second term. In the State of the Union, Obama once more went after “the few” and “the wealthiest and the most powerful,” whom he blasted as the “well-off and the well-connected” and the “billionaires with high-powered accountants.”
Like clockwork, the president then jetted to West Palm Beach for yet another golfing vacation at one of the nation’s priciest courses, replete with lessons from a $1,000-an-hour golf pro to improve the presidential putting.
The rest of the first family jetted off on their own skiing vacation to elite Aspen, Colo., where nobody accepts that at some point they’ve already “made enough money.” Meanwhile, below the stratosphere, unemployment rose to 7.9 percent for January — the 49th consecutive month it has been 7.8 percent or higher. The economy shrank in the last quarter of 2012, gas is back to almost $4 a gallon, and the government continues to borrow almost $4 billion a day.
Today, lots of liberal grandees attack the rich and yet do their best to act and live just like them.
Take financial speculator and leftist billionaire George Soros, who is back in the news. Soros is able to fund several progressive think tanks that go after the 1 percent because he is the most successful financial buccaneer of the age — notorious as “the man who broke the Bank of England” and who was convicted of insider trading in France. The Soros family investment firm’s most recent speculating coup was betting against the Japanese yen. That made Soros $1.2 billion in just three months — enough capitalist lucre to keep funding Media Matters and other attack-dog progressive groups for years to come.
Facebook co-founder and Obama campaign organizer Chris Hughes just bought The New Republic and has rebranded the magazine as an unapologetic progressive megaphone.
How odd that hip Facebook just confessed that it paid no federal or California State income taxes for 2012 on its $1.1 billion in pre-tax profits from its U.S. operations alone. Odder still, Facebook will probably receive a federal-tax refund of about $429 million. Apparently Facebook’s “well connected” found some “high-powered accountants” to write off their stock options as a business expense.
Perhaps treasury-secretary-designate Jack Lew should have a look at Facebook’s tax contortions. He should be familiar with the big-money paper trail, given that Lew himself took a nearly $1 million bonus from Citigroup after it had received billions of dollars in federal funds to cover its gargantuan losses.
Lew, like his tax-dodging predecessor, Timothy Geithner, has a propensity for doing just the opposite of what the president used to preach against. Obama, remember, warned Wall Streeters not to take bonuses after their failing companies received federal money.
Obama also derided dubious Cayman Islands tax shelters. Yet he apparently forgot to tell that to Lew, who invested in a fund registered to the same Potemkin Cayman Islands building that Obama had used as a campaign prop to bash the 1-percenters.
One of the nation’s best-known class warriors is former U.S. representative Jesse Jackson Jr. of Chicago, who for years has damned the wealthy for their ill-gotten gains. He is expected to plead guilty to fraud charges after he and his wife allegedly siphoned off $750,000 from their campaign accounts to pay for an assortment of 1-percenter extravagances such as a $43,000 Rolex watch.
It'd be funny if the class war stuff didn't work, but it does, but to those who actually know what's going on it gets more flipposterous by the day. Like that stuff he said on.....wait for it......Al Sharpton's radio show, good God!:
“My sense is that their basic view is nothing is important enough to raise taxes on wealthy individuals or corporations,” Obama replied. “And they would prefer to see these kinds of cuts that could slow down our recovery over closing tax loopholes, and that’s the thing that binds their party together at this point.”
It gets old.
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