Free Markets, Free People

Daily Archives: September 19, 2012


Romeney’s “secret video”: Much ado about nothing

So, heaven forbid, there’s a “secret video” out of Romney (provided, reportedly, by James Earl Carter IV, who, ironically, is out of work) saying things that show what he really feels about Americans, (insert gasp here) etc., etc., – que the liberal outrage of the week and the latest in the left’s distract and disrupt campaign.

As to the remarks videoed by someone at this event, here’s how Mother Jones characterized what it saw as the big 3 quotes (that, one assumes, hurts Romney).

On the 47 percent of Americans “who will vote for the president no matter what.”

On the dividends of his anticipated November 6 victory: “we’ll see—without actually doing anything—we’ll actually get a boost in the economy.”

On the “almost unthinkable prospects” for Mideast peace: “I look at the Palestinians not wanting to see peace anyway…and I say there’s just no way.”

Oh my. Romney thinks that are “47% ” of Americans who will vote for Obama, “no matter what”.

Well here’s a shocker — so do I. Are they the same 47% who pay not income taxes (and save your breath, all those who beam in with payroll and sales taxes – “income” is before “taxes” because we’re talking about a specific tax, thankyouverymuch). No. But that’s sort of irrelevant. I do indeed believe that around 47% will indeed vote for Obama “no matter what”. Just as I believe there is about 45% who will vote for Romney, “no matter what”. Shock! The political term “yellow dog” is applied to both sides, folks, for a very good reason. They exist – in large quantities.

Of course the war is for the final 8% isn’t it? It always is. Why anyone is outraged by this number and his point is beyond me … or anyone who has any freaking idea of how politics have worked in this country for ages. It’s always been about wooing the final 8-10%. Obama’s problem is, since being elected, he’s rarely if ever been beyond 49%.

As to the damage? Well I think James Taranto sums that up pretty darn well:

Romney’s comment has been compared with Obama’s infamous 2008 remark, also at a private meeting with donors, about Pennsylvania voters who get bitter and cling to guns and religion. To our mind the difference is that those people, traditionally Democratic voters, could easily tell that Obama was referring to them. Most of the 47% will not see themselves in Romney’s description–and those who do, would probably not have considered voting for him anyway.

Bingo. Not that the Democratic dog isn’t going to worry this bone as much as it can.

Quote two about the economy. Context is always nice:

Audience member: When the [unintelligible] in September, the markets are going to be looking—marginal tax rates going up, overheads going, fine, but sequestration under the debt ceiling deal—what do they call it?

Romney: Taxageddon?

Audience member: Yeah, they call it that. The Obamacare, taxes on dividends and capital gains—I mean, the markets are going to be speaking very wildly in October on all of those issues.

Romney: They’ll probably be looking at what the polls are saying. If it looks like I’m going to win, the markets will be happy. If it looks like the president’s going to win, the markets should not be terribly happy. It depends, of course, which markets you’re talking about, which types of commodities and so forth, but my own view is, if we win on November 6th there will be a great deal of optimism about the future of this country. We’ll see capital come back, and we’ll see—without actually doing anything—we’ll actually get a boost in the economy. If the president gets reelected, I don’t know what will happen. I can never predict what the markets will do. Sometimes it does the exact opposite of what I would have expected. But my own view is that if we get the—the “Taxageddon,” as they call it, January 1st, with this president, and with a Congress that can’t work together, it really is frightening, really frightening in my view.

Again, an “oh, my … wait, what?”  You mean he wasn’t talking about the economy improving and him being able to take credit “without actually doing something” as implied by the out of context quote?

Context – what a concept.  He’s talking about how the markets will react to his election, that’s all.  And, as in the previous quote – he’s right.

Finally, the Palestinian question.  He’s three for three – they don’t want peace, they want the destruction of Israel and always have.  And when offered a 95% deal, their leader (another Nobel Peace Prize winner) Yassir Arafat, turned it down.  These are the people who parade their children around in fake suicide vests and launch rockets, weekly, into Israel.

As to what he said in full:

And I look at the Palestinians not wanting to see peace anyway, for political purposes, committed to the destruction and elimination of Israel, and these thorny issues, and I say there’s just no way. And so what you do is you say you move things along the best way you can. You hope for some degree of stability, but you recognize that it’s going to remain an unsolved problem. I mean, we look at that in China and Taiwan. All right, we have a potentially volatile situation, but we sort of live with it. And we kick the ball down the field and hope that ultimately, somehow, something will happen and resolve. We don’t go to war to try and resolve it.

On the other hand, I got a call from a former secretary of state—and I won’t mention which one it was—but this individual said to me, “You know, I think there’s a prospect for a settlement between the Palestinians and the Israelis after the Palestinian elections.” I said, “Really?” And his answer was, “Yes, I think there’s some prospect.” And I didn’t delve into it but you know, I always keep open the idea of, I have to tell ya, the idea of pushing on the Israelis?—to give something up, to get the Palestinians to act, is the worst idea in the world. We have done that time and time and time again. It does not work. So, the only answer is show your strength. Again, American strength, American resolve, as the Palestinians someday reach the point where they want peace more than we’re trying to push peace on them—and then it’s worth having the discussion. Until then, it’s just wishful thinking.

Can’t disagree.   Won’t disagree.  It’s essentially true.  When, and only when, the Palestinians get serious about real peace can such a process go forward.  They’re still not there.  In fact, they’re not even close.

Anyway, there you go.  The outrage is just nonsense as usual, but certainly helpful in the disrupt and distract campagin.  Not reported on?  This part of the conversation:

Audience member: The debates are gonna be coming, and I hope at the right moment you can turn to President Obama, look at the American people, and say, “If you vote to reelect President Obama, you’re voting to bankrupt the United States.” I hope you keep that in your quiver because that’s what gonna happen. And I think it’s going to be very effective. Just wanted to give you that.

Romney: Yeah, it’s interesting…the former head of Goldman Sachs, John Whitehead, was also the former head of the New York Federal Reserve. And I met with him, and he said as soon as the Fed stops buying all the debt that we’re issuing—which they’ve been doing, the Fed’s buying like three-quarters of the debt that America issues. He said, once that’s over, he said we’re going to have a failed Treasury auction, interest rates are going to have to go up. We’re living in this borrowed fantasy world, where the government keeps on borrowing money. You know, we borrow this extra trillion a year, we wonder who’s loaning us the trillion? The Chinese aren’t loaning us anymore. The Russians aren’t loaning it to us anymore. So who’s giving us the trillion? And the answer is we’re just making it up. The Federal Reserve is just taking it and saying, “Here, we’re giving it.’ It’s just made up money, and this does not augur well for our economic future.

You know, some of these things are complex enough it’s not easy for people to understand, but your point of saying, bankruptcy usually concentrates the mind. Yeah, George.

Audience member, “George”: Governor, to your point on complexity. How is—you’ve traveled around America and talked to people in larger groups and perhaps people with different backgrounds, and people in this room: To what extent do people really understand that we’re hurtling toward a cliff, and to what extent do people understand the severity of the fiscal situation we’re in. Do people get it?

Romney: They don’t. By and large people don’t get it. People in our party, and part of—it’s our fault because we’ve been talking about deficits and debt for about 25 or 30 years as a party, and so they’ve heard us say it and say it and say it. The fact that Greece is going what it’s going through, and they read about France and Italy and Spain, has finally made this issue topical for the American people. And so when you do polls, and you ask people what is the biggest issue in the 2012 election, No. 1 is the economy and jobs by a wide margin. But No. 2 is the deficit. But debt, that doesn’t calculate for folks, but the deficit does. They recognize you can’t go on forever like this. Although the people who recognize that tend to be Republicans, and the people who don’t recognize that tend to be Democrats. And what we have to get is that 5 or 10 percent in the middle who sometimes vote Republican, sometimes vote Democrat, and have them understand how important this is. It’s a challenge. I did the calculation for folks today, and USA Today publishes this every year. It’s a front-page story: the headline once a year, it somehow escapes people’s attention, and that is, if you take the total national debt and the unfunded liabilities of Medicare, Social Security, and Medicaid, the amount of debt plus unfunded liabilities per household in America is $520,000. Per household.

Audience member: It’s like 12 times their income, right?

Romney: At least. 10, 12 times their income. Even though we’re not going to be writing the check for that amount per household, they’re going to be paying the interest on that. You’ll be paying the interest on that. [Audience laughs.] Because we—my generation will be long gone, and you’ll be paying the interest. And so you’ll be paying taxes, not only for the things you want in your generation, but for all the things we spent money on, which is just—it’s extraordinary to think the tax rates, someone calculated what would happen. If we don’t change Medicare or Social Security, the tax rate—you know what the payroll tax is now, it’s 15.3 percent—if we don’t change those programs, that tax rate will have to ultimately rise to 44 percent. The payroll tax. Then there’s the income tax on top, which the president wants to take to 40 percent. Then there’s state tax in most states. And sales tax. So you end up having to take 100 percent of people’s income. And yet the president, three and a half years in, won’t talk about reforming Social Security or Medicare. And when the Republicans do, it’s “Oh, you’re throwing granny off the cliff.” It’s like you’re killing the kids. The biggest surprise that I have is that young people will vote for Democrats. They look at this and say, “Holy cow! The only guys who are worried about the future of our country and our future are Republicans.” But the Democrats, they talk about social issues, draw in the young people, and they vote on that issue. It’s like, I mean, there won’t be any houses like this if we stay on the road we’re on.

Now that is important stuff.  That is what this elections should be about.

Not this other crap that MJ and the left chose to quote out of context.  But then, what choice do they have but to resort to that given their candidate of choice’s record.

By the way, there’s now a controversy brewing about the possibility that the secret video might have been edited.  Or, perhaps the gap is more like the Nixon tapes.  Regardless, charges are flying back and forth.  David Corn at MJ says they’re complete.  But a bunch aren’t buying that.  By the way, MJ blasted James O’Keefe for “edited” ACORN tapes if you’ll remember.

So, it’s politics in the media as usual.  Wonderful stuff, no?

Aren’t we being well served?

~McQ

Twitter: McQandO

Facebook: QandO


Economic Statistics for 18 Sep 12

The following US economic statistics were announced today:

Housing starts rose a worse-than-expected 2.3% in August to a 0.75 million annual rate, following July’s revised -2.8% drop. The August starts pace is up 29.1% on a year-ago basis.

The MBA reports mortgage applications fell -0.2% in the most recent week, with purchases down -4.0% and refinancings up 1.0%.

Existing home sales rose strongly in August, up 7.8% to an annual unit rate of 4.82 million. This is the second strong increase in a row, and is the highest since May 2010.

~
Dale Franks
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Voter fraud? Aw, come on, no way.

Or at least that’s what those who oppose using a picture ID to ensure the integrity of the voting system would have you believe.  All a nonissue they tell us.

One day after being sued over a controversial ballot box citizenship question, Secretary of State Ruth Johnson said Tuesday there are an estimated 4,000 noncitizens on Michigan’s voter rolls.

The estimate is based on the state’s access to citizenship information for one-fifth of the population, Johnson said, adding the federal government won’t give her access to more citizenship data.

Johnson said the results of a “very tedious” analysis of 58,000 driver’s licenses and state-issued identification cards found 963 noncitizens registered to vote.

Department of State employees cross-referenced those noncitizens with voting records and found 54 have a voting history and have voted a total of 95 times, Johnson said.

So you have 963 noncitizens in the sample who have managed to get state issued driver’s licenses.  Nice.  There’s something else that needs to be tightend up a tad in Michigan, huh?

But obviously the point is that you have people who are not entitled to vote voting fraudulently (oh, and they didn’t have any problem obtaining ID so why do our “minorities” have such a tough time?).  And in contests decided by a few votes as we’ve seen numerous times over the years (convicted felons for go big for Al Franken!), the integrity of the system is in question.

However, it’s just too much to a) have people prove their citizens prior to getting a state issued ID and b) produce that at the polling place to ensure they are who they say they are.  You know, like they do when you board a plane?

~McQ

Twitter: McQandO

Facebook: QandO