Thoughts On Obama From Bama

Week 168: “The Buffett Rule”

You gotta play by kinja rules Forget about that civics course you learned in school God watches out for drunks and fools But forget the ten commandments here

Kinja rules, Kinja rules, Kinja rules, Kinja rules Kinja Rules, Jimmy Buffett

Our Fair Share, Fair Shake, Fair Enough, Fair to Midland, No Fair-in-Chief is out on his tax payer funded reelection campaign, standing right on up behind his presidential podium just as if he had good sense, promoting his boneheaded policy known as the Buffett Rule again. An absolutely joke and sham of a tax policy named after seriously misguided left wing head case multi-billionaire investor Warren Buffett.

Obama’s Socialist regime is renewing their call for Congress to raise taxes on millionaires, a cornerstone of the class warfare campaign strategy the Change Gang is unleashing on the American people. A flim flam shell game diversion whining about the false assumption that wealthy investors pay lower taxes rates than middle-class wage earners highlighted by the President’s misleading and technically inaccurate claim that Mr. Buffett’s secretary pays at a higher rate than her infamous Yankee rich boss.

Obama's team has made the Buffett rule a key part of its message, saying it shows clear differences with the GOP who rightly point out the plan would raise taxes on small businesses greatly hindering the engine for sustained job growth and economic recovery. Republicans have also correctly noted that Obama's proposal would only generate $47 billion in additional revenues through 2022, a mere 4.7 billion a year. Hardly enough to cover the president’s annual golf expenses and the GSA’s Vegas conventions.

President Obama is specifically proposing that people earning at least $1 million annually, whether in salary or investments should pay at least 30 percent of their income in tax. Investment income is currently taxed at 15 percent allowing many wealthy investors to pay a smaller percentage of their income in taxes. The top rate for taxpayers with high incomes derived from wages in comparison is 35%.

White House propagandist said in a report released ahead of Obama's speech in Florida this week that the tax proposal would restore fairness to the system, pointing to 22,000 households earning more than $1 million annually that paid less than 15 percent of their income in income taxes in 2009. What they fail to mention:

1. Income from investments has already been taxed at least once at higher rates
2. The Fed could confiscate every last dime of these poor pilgrim’s annual income and it wouldn’t even make a frog’s hair worth of a dent in our wildly out of control deficits and debt
3. Mr. Buffett’s secretary pulls in about a half million a year in wages including what she gets paid from her part time job with the GSA
4. This is a classic Marxist/Socialist political tactic that would make the likes of Chavez, Mao and Castro proud
5. With all due respect Mr. Buffett he is more than welcome to take his happy ass down to DC anytime and drop off a check made out to the US Treasury for as many billions he finds fittin with his good friend Barack anytime he’s feeling froggy

Now, truth be told, we’d be tickled pink if the president got a Buffett Rule passed, but one based on Jimmy and not Warren. A rule based on the positions of the greatest and most astute philosopher, poet and escapism advocate of our time would sure enough enhance each and every one of our Constitutional mandate to pursue happiness with the passion of a son of sailor, a man gone to Paris and/or a simple cheeseburger in paradise.

Our Buffett Rule is simple, easy to stay on message and has multiple options to choose from that won’t require anyone to pay Uncle Sammy one cent more in taxes. Following is a list of options that unlike Warren’s are all abundantly more fair, based on true American values and predicated on free market principles:

• Anything, Anytime, Anywhere

• A Lot To Drink About

• A Pirate Looks At 40

• Breathe In, Breathe Out, Move On

• Changes In Latitudes, Changes In Attitudes

• Fruitcakes

• Grapefruit-juicy Fruit

• Growing Older But Not up

Havana Daydreamin'

• He Went To Paris

• If The Phone Doesn't Ring, It's Me

• It's Five O'clock Somewhere

• I Don't Know And I Don't Care

• Manana

• Margaritaville

• Off To See The Lizard

• Stars Fell On Alabama

• Tampico Trauma

• The Weather Is Here, Wish You Were Beautiful

• The Wino and i know

• What If The Hokey-pokey Is All It Really Is About?

• Why Don't We Get Drunk And Screw

President Obama’s Warren Buffett Rule won’t create one job, enhance economic growth or pay down a penny of the national debt. Mr. Romney needs to propose a Jimmy Buffett Rule, proclaim its five o’clock somewhere, invite us all to Margaritaville to see the lizard and watch a few stars fall on Alabama.

A bold and aggressive move that would certainly give the Obama campaign a lot to drink about as they contemplate a loss of historic proportions in November.

I am American by birth and Southern by the grace of God.

Ron W Garikes