Posts Tagged ‘Timothy Geithner’

VIOLENT UPRISING…HERE?

February 29, 2012

After collating and forwarding thousands of pages of information to the IRS in compliance of their demands, conservative groups are given as little as fifteen days to respond with further requests for more documentation.  Financial statements, donor lists, officers and members, text of speeches and other information not commonly required from prospective Non-Profit Organizations (NPOs) are demanded in order to receive tax exempt status.  No such delays; no excessive attestation is reported by black, Hispanic or Muslim, alternative gender organizations or other liberal, progressive groups.  Most of them receive their status within a reasonable three to six months of filing the initial application.

*See a more complete list of unnecessary, unconventional, uncommon and invasive questions required by the IRS of conservative NPO applicants here:  http://cnsnews.com/news/article/irs-accused-intimidation-campaign-against-tea-party-groups

Organizations like the Ohio Liberty Council, Unite in Action and numerous Tea Party organizations have been worked over by the demands of the current Treasury Department regime.  A Kentucky group, loosely associated with Glenn Beck, first filed for tax exempt status in Dec. 2010.  After 14 months, they received a request from the IRS requiring 550 pages of documentation.   They were given 15 days to respond.  Their request is still pending.

The IRS takes up to 18 months before requesting more documentation that must be forwarded to them within two weeks.  The stalling and excessive documentation requests serve only to delay and deny conservative groups equal footing with liberal and progressive organizations.

What could be the need for donor or member lists?  With what we’ve seen happening repeatedly and consistently since Jan. 20, 2009, it can only be to target those individuals.  CEOs continue to be dismissed under pressure from the White House for their voting records and campaign contributions, not their management capability.  Many auto dealerships were closed for the same reason.  “Green” companies on the verge of bankruptcy, however, are awarded hundreds of millions of taxpayer dollars only to see the bosses receive huge bonuses before filing documentation of insolvency.

Interviews with organizations in favor of gun control, affirmative action, abortion rights and centralized health care backing the ideals of this administration indicate relative ease and simplicity with the process resulting in speedy ascension to tax exempt status.

Why is this depraved political castigation happening?  This process, as so many proffered by this administration, seems bent on causing undue frustration and anger among people requesting that the government be responsibly held to the Constitution of the United States of America.  It is as if this administration is attempting to spur a violent uprising within the ranks of the citizens so that the power elite can beat us down as is happening East of our shores.  It is just another step in the unending attempt for complete central oversight and control of every aspect our lives.  It is definitely an unwarranted and abusive assault on the free rights of citizens to voice collective opinions not concomitant with the power structure.

RAISING REVENUE

February 27, 2012

I guess the economic brainiacs in the Obama administration just don’t pay attention to the financial issues of the world.  Perhaps they do, more so than any of us realize.  Remember Timothy Geithner the Secretary of the Treasury who claimed there was an error in the program he used to compute his own taxes.  The error would have saved him some $40,000+ over a period of four years if the American public hadn’t strongly questioned his appointment.  He won the position of Chief Tax Man for the United States just the same.

England is having some problems collecting income tax payments since they raised the personal income tax.  It seems there was a revenue drop of about $509 million pounds for the month of January as compared to one year ago.  Wealthy Britons found the loopholes in their system, posted and stored cash offshore, etc.

We know personal income taxes in New York have caused the wealthy tax payers to head for Florida and Nevada where there is no income tax.  Again, tax revenue in New York is not growing though the burden on the wealthy is high.

We have seen companies dodge the tax laws of this country by sending manufacturing and production and many jobs over seas to developing nations not yet burdened by excessive and unnecessary government overspending.

Therefore, with this information at hand, President Obama’s latest budget proposal includes taking the dividend rate to 39.6% from the current 15%.  Surely, this will encourage greater investment in struggling companies causing them to employ more American workers on American soil.

“Let me say that unemployment insurance… is one of the biggest stimuluses (sic) to our economy”.  Nancy Pelosi 7-7-10

“It is the biggest bang for the buck when you do food stamps and unemployment insurance.  The biggest bang for the buck.”  Nancy Pelosi 8-22-11

And, most recently:

People who receive that unemployment check go out and spend it and help stimulate the economy.”   Valerie Jarrett 2-21-12

Logical expansions of these statements might be that “Keeping people servient and Welfare dependent also grows the economy”, or “Living in a box saves trees through recycling and keeps the cardboard industry healthy”.  What idiots!

Over and over again market driven free enterprise along with reasonable government spending and taxation proves to work for the prosperity of all.  The people we have put in charge, however, continue to deny the facts and drive the country deeper into debt and individuals to greater dependency.

Please, inform yourself and vote wisely!

CONGRATULATIONS, MR. PRESIDENT!

September 28, 2011

Two and a half years ago, he went on a world wide apology tour.  He apologized for America being the gracious world leader that it has always been.  He apologized for the arrogance of Americans who have fought and died so that other countries could live in peace, harmony, and freedom.  He spent millions of American dollars in a receding economy to roam the globe and humiliate our country, and he did it within just 100 days of taking office.  Since that time, he has continued to spend beyond our means, borrowing ever more simply to pay the interest on the mortgage taken out against our country.

Now Obama has offered Europe a way to climb out of their near crisis with the Euro.  He lectured the European Union on how to borrow and spend their way out of an impending debt debacle. Effectively he said, “Follow our lead and borrow and spend your way out of debt”.  This was the suggestion by Timothy Geithner (the guy appointed by Obama to handle all the money of the U.S. Treasury;  the same guy who couldn’t even figure out if or how much tax for which he was personally responsible).

Obama was rightly laughed off stage and told to take his free standing sneeze shields with him.  The world leaders have seen over the short reign of this subversive mad man that no good can come from following his advice.  His arrogance and ignorance of finance tells them not to listen, or at best to listen and retreat from any suggestions.

Congratulations, Mr. President.  You have achieved the global recognition you seek.  Your haughtiness and lack of knowledge or judgment is now a caution to the entire world.  It will take years, perhaps decades, before the United States is again accepted or respected as a responsible participant in world leadership.