TheJOTUS

The Jim of the United States

Archive for August, 2010

Unemployment, By Month, Over The Past 3 Years

Posted by TheJOTUS on August 23, 2010

Have you ever stopped to think just how bad our economy has become in the last 3 years?  Well take a look at this:

Here is a snapshot of what the unemployment picture looked like just prior to President 3 wood taking office:

Now check out the last map in this video:

So when Sheriff Joe calls the stimulus an “absolute success”, well, he doesn’t know what the hell he is talking about.¬† The stimulus failed.¬† Miserably.¬†¬†It did nothing to help American jobs and everything to allow the democrats in Congress to help itself to even more fantasy money.¬† All the while increasing the deficit and raising taxes.

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Posted in Economy, Taxes | Leave a Comment »

What Happens When The Bush Tax Cuts Expire?

Posted by TheJOTUS on August 22, 2010

Basically everyone will have their taxes increase.  And married couples and families will be the hardest hit:

Taxes will soar in a number of critical areas, read below to see just how our bloated government plans to take more and more from all of us:

First Wave: Expiration of 2001 and 2003 Tax Relief

In 2001 and 2003, Congress enacted several tax cuts for investors, small business owners, and families. These are all currently set to expire on January 1, 2011:

Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:

– The 10% bracket rises to an expanded 15%
– The 25% bracket rises to 28%
– The 28% bracket rises to 31%
– The 33% bracket rises to 36%
– The 35% bracket rises to 39.6%

This will affect people of all income levels!

Higher taxes on marriage and family. The ‚Äúmarriage penalty‚ÄĚ (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut. This will affect all people who are married and/or have children.

It was the democrats in both 2001 and 2003, that allowed those bills cutting the tax rates require hard-and-fast¬†provisions¬†creating an expiration date without any other action. We are now just a few short months away from that expiration date after seven years of seeing it coming.¬†¬† Including more than 3 years of democratic control of Congress and¬†almost 2 years of President 3 iron’s¬†administration.

If nothing is done soon, then we are going to see the ‘murican people burdened with a nearly $4 trillion tax hike.

Posted in B. Hussein Obama, Conservatives in the Know, Taxes, Tea Party | Leave a Comment »

An Economic Tidbit On Corporate Taxes

Posted by TheJOTUS on August 22, 2010

Another piece from Uncle Curtis.  I am thinking you guys are going to like him:

America has the 2nd highest corporate tax rate in the world.  I wonder who has the first?  Japan has the highest corporate tax rate in the world at 39.5%.   America has the second highest corporate tax rate at 39.3%.

First off, corporations do not pay taxes, consumers do. If you raise the property tax of a local utility that provides you energy, who do you think ultimately pays the taxes, you, or that energy company?

If you answer that the cost of those taxes are passed on to you, the consumer, in the form of a higher utility bill, you can move to the head of Dr. Williams’ class.

It matters not what the taxes are or in what form, when you tax a corporation, your cost for those goods and services are going to increase.

With the USA having a corporate tax rate of 39.3%, it is no wonder that our goods and services do not sell well. It also explains why the cost of imported goods (like at Wal-Mart) are less expensive than American made products.

Here is another way of looking at this.

If you don’t think that the customer pays the taxes, then you must think that the owner of the corporations (the shareholders) are paying the taxes, but the company is simply paying those taxes on their behalf.

So let’s go with this thought. Well, the corporation IS owned by shareholders. After the corporation has paid taxes on what they earned, they pay dividends on those earnings to the shareholder. The Shareholder, then pays taxes on the dividends, which they, as shareholders of the corporation have already paid taxes on those earnings. In this analogy, someone that owns a company (shareholder) is still going to have to raise the cost of goods and services to make the same amount of money that companies from other countries make, because they have been “double-taxed” that companies (owners) from other countries are not.

Bottom line, corporate taxes are what are called, “Hidden taxes”. But these “Hidden Taxes” are the most punitive taxes because they secretly cause prices to rise, reducing American production, while promoting the import of foreign goods and services.

THAT is why America is losing jobs to foreign countries.

—Uncle Curtis

Posted in Economy, Taxes | Leave a Comment »

A Quick Message

Posted by TheJOTUS on August 22, 2010

A heads up to all of my loyal readers and peeps.  All 5 of you.  And hey, I appreciate each an every one of you! 

Now you can follow me on twitter.¬† Yeah, that’s right, I am that cool and¬†hip.

In my own head

Posted in About, Click of the Day | 1 Comment »

A Few Points On Wind Power

Posted by TheJOTUS on August 22, 2010

I’ve said before that I have always had conservative beliefs–even as a kid.¬† But when looking back on it, I think it was my Uncle Curtis that really solidified where I was on the political spectrum.¬† I don’t think he has any idea how influential he was on me.

With that said, I will be posting some various thoughts from Uncle Curtis.  At least until he figures out how to post on here himself.  I joke, I joke.  At any rate, here is a piece on the benefits of wind power, or lack thereof:

Regarding wind power generation (wind turbines), time to back up the facts with sources.  Below are the facts.  The following is the truth about wind power.

First, it takes a minimum wind speed to generate electricity from a wind turbine. The environmentalists like to use the “8 MPH” wind speed as their number, but that is TOTALLY misleading, because the amount of electricity generated at an 8 MPH wind is insignificant. It really takes 25 MPH wind to generate real power.

“Cut-in Speed – Cut-in speed is the minimum wind speed at which the wind turbine will generate usable power. This wind speed is typically between 7 and 10 mph for most turbines. A 10 kilowatt wind turbine may not generate 10 kilowatts until wind speeds reach 25 mph. Rated speed for most machines is in the range of 25 to 35 mph.”

So where is this this “reliable wind”?

This graphic shows where the wind is reliable enough to generate electricity. The source I used is from a government web site that advocates wind power!  Note that for about 75% of the continental United States, the reliable wind source for power generation just does not exist!

So now you start to see the problem of where the reliable wind exists, as well as how to get the power to the nation. As you can clearly see from that chart, that is a very serious problem. When you look at the chart, you can also see why there were so many wind farms in upper Iowa (because that was a hot spot for reliable wind). But that is one of the very few spots at least “GOOD” on that map (and Iowa isn’t even “Excellent”).

So, let’s assume for a moment we do have that wind to generate that power. How much does it cost to build the power turbines versus the cost of the coal plants to operate? From their own “pro-wind” web site, the costs per KWH are:

Gas Turbine: 13.9¬Ę
Coal: 4.5¬Ę
Nuclear: 4.6¬Ę
Wind: 7.5¬Ę

Yes, wind is MORE expensive than coal! That is because it takes hundreds of wind turbines (with VERY high costs) to equal the power generated from one coal generated power plant!

But here is the little hidden secret that I have kept talking about. Even with having reliable wind power and those wind turbines, guess what? You still need a power plant up and running 24/7. So you still have that additional cost! (which they do not include in their “per kwh” cost of wind power!

“Since the grid or control area must be kept in balance at all times (supply and demand, frequency, voltage), some generating unit(s) must be immediately available at all times to provide backup service (or balance) for the electricity (if any) coming from the wind turbines. This means that the unit(s) providing the backup service may be operating in an automatic generation control mode, running at less than peak capacity, and/or running in spinning reserve mode.”

But when these whacko environmentalists talk about the cost of wind power, they always exclude that cost! They only want to talk about the cost of the wind turbines alone!

Ok, so now is the funny part. You will hear the pro-wind advocates keep using the phrase, “FREE, IT’S FREE! IT’S FREE” (sounding like Michael Moore in the movie “Sicko” talking about nationalized health care).

“How Expensive is Wind-Generated Electricity?

Once a wind-turbine is built and paid for, it generates electricity almost for free. Once your house is built and paid for, it provides housing almost for free. What really matters is the cost to society. With current subsidy methods, it costs around 3¬Ę/kWh of subsidy to get wind turbines built.”

You see, that is the funny part. Oh, once we build it, it is free! Or, (as in the case of “free subsidies”) it is cheaper because it is subsidized….by our taxes!

—Uncle Curtis

Posted in Economy, Energy, Taxes | Leave a Comment »

Some Sound Decent Advice

Posted by TheJOTUS on August 17, 2010

Because let’s face it, you gotta start somewhere.¬†

Gary North comes at it with some specific advice you won’t hear from the decepticons in the “big R” republican party.¬† Ten facts of American politics:

1. You can’t beat something with nothing.
2. 80% of politicians respond only to two things: (1) fear; (2) pain.
3. Bureaucrats (tenured) respond only to one thing: budget cuts.
4. Political reform never comes as long as the tax money flows in.
5. The #1 goal is to reduce the government’s funds, not re-direct them.
6. Congress’s club system sucks in 80% of new members by term #2.
7. Politicians listen to their peers, not to their constituents.
8. Money from the government buys off most voters.
9. Most citizens care little about politics and know less.
10. This gives influence to organized swing-vote blocs.

And eight rules of engagement:

1. Vote for a hard-core challenger on the other side against a squishy incumbent
2. Hold your newly elected politician’s feet to the fire the first time he breaks ranks on a key vote
3. Get him to sign a resignation letter
4. Track all of his votes on your #1 issue, and post them online
5. Find out who his largest campaign donors are
6. Instill fear
7. Inflict pain
8. Trust, but verify

Go ahead and click over.  It is a good read and worth the time.

Posted in Click of the Day, Conservatives in the Know, Nuggets of Potpourri, Politically Speaking, Tea Party | Leave a Comment »

Hey, Who Has Two Thumbs And Fleeced The American People Out Of $250g’s?

Posted by TheJOTUS on August 10, 2010

This chic.

Ok……just so I get this straight in my head: ¬†She takes a wealthy vacation¬†while he criticizes the, errrrrr,¬†wealthy?¬† Well then, that certainly makes Obama’s class warfare schtick sound even more ridiculous than usual.¬†

Old and busted:  Encouraging the layman to vacation down to the oil covered gulf while enjoying your own vacation up in Maine.

New hotness:  Expensive, lavish vacations overseas while unemployment nears 10%.

It’s good to be the Obamas.

Posted in B. Hussein Obama | Leave a Comment »