Monthly Archives: January 2015

Expansion of Ukraine Occupation

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The Russian-backed (with 9,000 of their own) rebels in Ukraine and Ukraine signed a cease fire agreement in September, including an agreement to withdraw their respective artillery units from that cease fire line.

Having done that,

a rebel rocket attack early Saturday morning (24 Jan) killed 29 people [at least 30 according to Reuters] in the port city of Mariupol[]

which Russia has been trying to seize for some months pursuant to their effort to open a land route to Russian-occupied Crimea. The day before,

[T]he rebels rejected a [renewed] peace deal and said they were going on a multi-prong offensive against the government in Kiev to vastly increase their territory.

Alexander Zakharchenko, leader of the Russian-backed Donetsk People’s Republic said this of the Russian/separatist forces’ plans:

Today an offensive was launched on Mariupol. This will be the best possible monument to all our dead because we will avenge them all[.]

So much for the value of a Russian commitment.

Another Bit on Taxes

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This is a tax increase that President Barack Obama chose not to mention in his State of the Union address while he was demanding to increase taxes on the “rich” in order to give that money to his “middle” class. Perhaps he chose to omit mention because this is a tax increase on that same “middle” class. And perhaps because it contradicts the story he’s spinning on wanting to make junior college “free.”

Recall 529 Plans, which facilitate parents’ and other family members’ (even family friends’) saving for the future college expenses of those parents’ children. Recall further that withdrawals from those 529s, when made pursuant to college expenses, are (so far) tax free. Obama’s hot tax idea is to change that, instead taxing the earnings on 529 savings when the money is withdrawn for college expenses.

This just illustrates the utter incoherence in Progressives’ taxing policies. And it’s another demonstration of the foolishness of using the tax code for social engineering—or for any other tampering with our economy.

Presidential Diplomacy

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Speaker of the House John Boehner (R, OH) has invited Israel’s Prime Minister Benjamin Netanyahu to address the full Congress in early March. The purpose of the visit and address is to advise the Congress on matters of diplomacy and threat in the Middle East, in keeping with Congress’ duty to be sufficiently informed that it can maintain its oversight of the Executive Branch.

Naturally, President Barack Obama has his golfing knickers in a twist because the Congress, which he so assiduously ignores on other important matters, didn’t say, “Mother, may I?” before inviting Netanyahu. Indeed, Obama is refusing to meet with Netanyahu while the PM is here, having already found a previous engagement with which to occupy his own time. Formally, Obama says it’s too close to the Israeli elections, and he doesn’t want to influence them.

Obama’s formal excuse comes after he had invited British Prime Minister David Cameron—and embarrassingly, the man accepted—to actively lobby our Congress on a wholly domestic matter with the explicit purpose of influencing Congress’ deliberations.

Hmm….

Taxes

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Treasury Secretary Jacob Lew had a thought.

I don’t think that there’s any advantage in pretending that there aren’t big disagreements on the individual tax side. We had a national debate just two years ago about the top rate. We’re not looking at the kind of negotiation to go back to lower the top rate.

Never mind that after that debate and just a few months ago, Americans voted overwhelmingly to reject President Barack Obama’s tax policy—which he’d placed on the ballot along with every single one of his other policies (every single one of which were similarly rejected in that same election).

This Progressive, along with Obama, Knows Better and recognizes no obligation to listen to his employers.

It’s going to be a long two years with President No and his Party of Naysayers still in the way of economic reform and long term economic recovery and prosperity.

Even the AP Is Catching On

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They fact-checked President Barack Obama’s State of the Union speech, and they found these things.

OBAMA: At this moment—with a growing economy, shrinking deficits, bustling industry and booming energy production—we have risen from recession freer to write our own future than any other nation on Earth.

THE FACTS: Job growth has been…fueled in part by lower-paying jobs…which have replaced many higher-paying positions…. Part-time jobs also remain elevated: there are still 1.7 million fewer workers with full-time jobs than when the recession began in December 2007.

[F]aster hiring hasn’t pushed up wages much. They have been growing at a tepid pace of about 2% a year since the recession ended 5 1/2 years ago. That’s barely ahead of inflation and below the annual pace of about 3.5% to 4% that is typical of a fully healthy economy.

And

OBAMA: I am sending this Congress a bold new plan to lower the cost of community college—to zero.

THE FACTS: Zero for qualifying students; an estimated $60 billion over 10 years to the treasury.

And

OBAMA: Thanks to a growing economy, the recovery is touching more and more lives. Wages are finally starting to rise again. We know that more small-business owners plan to raise their employees’ pay than at any time since 2007.

THE FACTS: A survey of small businesses by the National Federation of Independent Business does show that a rising proportion plans to raise wages. But plans to raise pay aren’t the same as actually raising them.

Average hourly earnings rose just 1.7% in December from 12 months earlier, according to the Labor Department. That’s about half the rate that is typical of a healthy economy….

And on.