Now That's Rich

From Page Six of today’s New York Post:

June 10, 2008

WE'RE in for taxing times if Barack Obama wins the White House, says CNBC's Maria Bartiromo. "He's going to take the capital gains tax at 15 percent right now all the way up to 25 to 28 percent," the "Money Honey" tells Avenue. "Sell anything, like a home or stocks, and make a profit . . . [almost] 30 percent of the profit will go to the government instead of 15." The income tax is also in for a bump. Bartiromo says, "Right now [it] is 35 percent, Obama wants to take that to 39 percent . . . We're talking about people who make over $200,000. That's not rich. So it's actually going to impact more people than you may think."




Keep in mind that Maria Bartiromo’s annual salary exceeds $1,000,000.00, so it would be a big mistake to think she is biased in any way.

Bartiromo's suggestion that $200K per annum income is "not rich," and that an increased tax on those who earn that much represents some sort of widespread impact on mainstream earners is blatantly false.

The fact is that in 2005, the national median income was a mere $44,389. Furthermore, according to the 2006 U.S. Census data on household income, households earning $200K or more represent only 3.5% of all households.

This would mean that over 95% of all American households would directly benefit from Obama’s plan.

I think if Barack Obama would add a tax cut plan on pant suits, Maria would immediately calm down.

Start Praying to God

If one takes the time to read something, other than the Sunday comics or the OTB racing form, it is difficult not to stumble along a detailed account of the Bush family history with the oil business. The network of family friends, business contacts and political supporters who have a vested interest in the price of oil stretch out like the tentacles of an octopus.

Now. Take a look at the price of oil over the last eight years under the Presidency of George W. Bush.




Does this not strike you as suspicious?

The only thing that this graph leaves out, is the last 10% move that oil has recently made to $100 a barrel.

If the price of peanuts had gone up 600% during the Presidency of Jimmy Carter, do you think there would have been scathing accusations from the Republican Party?




Now, you might ask, "Why should I care about this"?

I know that for many of you the most important thing in life is who will be in the next batch of celebrities on Dancing with the Stars.

Rest assured, the price of oil will not have any effect on that.

What is does have an effect on is the price of EVERYTHING.

Almost everything you can think of is affected by the price of oil.

The gas you pump into your car ... your bloated heating bill … airline tickets ... clothes you buy ... groceries that you need to supply to your family ... the price of a Big Mac sandwich ... and the list goes on and on and on.

Everything in this country needs to be transported to its place of purchase. When the price of gas goes up like this, every single product must absorb that added cost into its retail price.

Have you not noticed the higher prices of almost everything?

My family runs a bakery in Michigan. In the past few years, the price for a bag of artisan baking flour has gone from under $10 a bag to close to $20. What do you think that does to profit margins? That cost must eventually be passed down to the consumer.

Who is the consumer?

You are.




So, let's follow the bouncing ball.

-Oil companies get the price of their oil to be inflated.
-They make money
-The prices of goods go up at a disproportionate level to your income.
-You lose money.

Now read between the lines.

The very rich don’t care if the price of everyday things goes up. They are making so much more money under Bush’s capital gain tax cuts, that they can easily afford it. Bush family members are not cutting Kroger coupons and tracking the price of a gallon of milk



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Now I will get to the title of this post.

I have a message to all the lower income Christian whites, Latinos and blacks that voted for George Bush in the last election. The very same voters who felt it was essential to have a President who would rid them of homosexuals and single parent families.



Start praying to your God and start cutting coupons.


I don't know if I am more amazed by the hypocrisy of the "moral" right wing stance, or the stupidity of the lower income Christians to buy into it time and again ... hook, line and sinker.



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Frankly, I really miss a president who was concerned about the price of a Big Mac.