Big-money donors bet heavily on the GOP
As USA Today reports, eight of the 10 biggest contributors to SuperPACs this election cycle have been backers of conservative causes or candidates.
And those are only the contributions that have become public record.
American Crossroads Super PAC, headed by Karl Rove, reports that it had raised $99.8 million by the end of March, but thanks to the Citizens United decision and other vagaries of federal law, it is not required to disclose who contributed that money. We know only that it has received 24 donations of a million dollars or more, and two donations of $10 million or more, and together those large donations account for 87 percent of its contributions.
In stark contrast, The New York Times reported Saturday that the Obama campaign is struggling a bit to tap big-money contributors, “with sharp dropoffs in donations from nearly every major industry forcing it to rely more than ever on small contributions and a relative handful of major donors….”
“From Wall Street to Hollywood, from doctors and lawyers, the traditional big sources of campaign cash are not delivering for the Obama campaign as they did four years ago,” the Times reports.
The numbers are stark. As the nonpartisan Campaign Finance Institute reports, 44 percent of the money raised by the Obama campaign so far has come in contributions of $200 or less. In contrast, small donors account for just 9 percent of the cash raised so far by Mitt Romney. As of late March, he had raised less from small donors than either Newt Gingrich or Rick Santorum.
As the Wall Street Journal reports, the guys and gals on Wall Street are also placing their bets.
“… so far this election, Mr. Romney is taking in far more money from financial firms than the president. By the end of March, the Romney camp had collected more than $12 million from bankers and other financial professionals, according to the Center for Responsive Politics.
By contrast, Mr. Obama’s campaign took in at least $4.2 million from people in those industries in the same period, according to the same tally.”
The inflow of cash is also affecting congressional races. As the New York Times reports:
“The conservative groups that helped Republicans win the House in 2010 are pouring money this year into an aggressive campaign to capture the Senate, a goal that they consider just as vital as winning the White House.
Already, they have committed at least $17 million to television commercials in more than a dozen states from Florida to Hawaii, in most cases dwarfing what their Democratic opponents have spent. Their plans call for an effort that will exceed $100 million by Election Day, strategists for these groups said, far surpassing their efforts in 2010, a high-water mark for outside money in politics….
The Chamber of Commerce, which, according to the Center for Responsive Politics, spent more than $30 million on congressional races in 2010, said it will commit “measurably more” this year to House and Senate campaigns in what officials called the most significant political effort in its 100-year history.”
The defense industrial complex is making a play as well. As Politico reports, the defense industry is backing Republican candidates much more heavily than in recent cycles, with 60 percent of its contributions going to GOP candidates.
Now, there’s no need to shed tears for the poor, underfunded Obama campaign. Overall, it continues to do quite well in its fundraising, although nobody really knows how much money will come pouring into the conservative Super PACs run by Rove and others as the race really begins to heat up.
On the other hand, things may be considerably tougher for Democrats lower on the ballot. If individual candidates are targeted for defeat by deep-pocket GOP Super PACs, they may not have the financial resources they would need to respond.
This imbalance is, I think, the most important political story of this campaign cycle. It tells you a lot about the true nature of the race, the forces that are at work behind the scenes and what’s really at stake in this year’s outcome.
If the big-money investment pays off and the GOP ends up with control of both the White House and Congress, you will see a significant impact on the policies and priorities coming out of Washington. Tax law, environmental rules, labor relations, entitlements — we’re likely to see a repeat on the national level of what Gov. Scott Walker of Wisconsin attempted to do at the state level in 2011. It will make the Bush years seem tame by comparison.
On the other hand, if Obama wins despite the big-money contributions arrayed against him, he may start his second and final term feeling somewhat liberated from Wall Street and other big-money interests. Oh, he’ll still owe them. But what he owes them they may not like.
– Jay Bookman
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571 comments Add your comment
getalife
April 24th, 2012
11:57 am
Uncle Sam,
w used socialism to save the banks with no strings attached.
Yes, he gets credit for that..
Mick
April 24th, 2012
11:58 am
sam
Actually, if you ever need to give a deposition, I suggest you study clinton’s. It is by far one of the most brilliant and is rooted in the simple philosophy that your answers shouldn’t do the work for the questioning attorney. In order to give a correct answer, you should have the correct question or stick with yes, no, or can’t recall. Thanks bill clinton!!!
Get Real
April 24th, 2012
12:00 pm
How can you possibly make this argument with all the money in Obama’s campaign war chest (nearly 1 billion)….truly unbelievable and the lackeys just jump on board with ever word you speak ….
(ir)Rational
April 24th, 2012
12:00 pm
Mick – That is a good philosophy if you’re ever in trouble. I may have to remember that.
stands for decibels
April 24th, 2012
12:00 pm
so you and only you know what obama agreed to?
Nope, plenty of people have gone and looked at the Common Cause questionnaire. I’m just saying that — oh, I’ll guess here — 90-95% of the online whiners who complain about this “broken promise” never bothered to at all.
anyway, here it is, since so many here are too lazy to bother looking it up:
http://www.commoncause.org/atf/cf/%7Bfb3c17e2-cdd1-4df6-92be-bd4429893665%7D/MDNNATIONALRELEASE.PDF
His reply to the question appears on page 5.
Oblama
April 24th, 2012
12:02 pm
Oblama’s campaign platform : class warfare/ race warfare/ sex warfare/ age warfare/ ……. and don’t forget victim warfare. Oblama is “The Great Divider”.. This campaign is about the economy, jobs and the alarming Fed debt and how to reduce it. Oblama is about smoke and mirrors and how to divert your attention from the economy which is a loser for the Dems.
Fred ™
April 24th, 2012
12:02 pm
BMDPD
April 24th, 2012
11:43 am
Fred, the only fair and equitable tax system(s) would either be fair or flat tax. In the progressive system someone always gets punished. Oh wait though…life isn’t fair and it is not the government’s job to level the playing field.
++++++++++++++++++++++++++
You are the only one here spouting of about “fair’ and “fair share” here Sport. And THEN you want to add your little “life is fair” crap? Who are you talking to? Yourself? must be since you ARE the only one speaking ‘fair.”
To me “fair” is something usually held in the fall that has rides cotton candy, livestock judging and crooked games where you try to win a kewpie doll. But then I’m not a mindless partisan fanatic……….
Mick
April 24th, 2012
12:03 pm
irrational
I had to give a deposition three days after clinton’s so I was very curious about the process, I’m so glad that I watched him or else I might have made some terrible mistakes…
(ir)Rational
April 24th, 2012
12:04 pm
sfd – So you’re assertion that “(t)hat’s why I have also made the pledge that my campaign will not accept money from special interest PACs or registered federal lobbyists” doesn’t equate to a promise not to accept money from PACs or lobbyists?
Or am I having reading comprehension problems?
TaxPayer
April 24th, 2012
12:04 pm
So far, I hear Republicans saying that they want lower taxes and the repeal of Obama’s healthcare legislation. Is that an accurate assessment?
Oblama
April 24th, 2012
12:05 pm
C-Mck for the Supreme Court and how Oblama can get her their with a Dem Congress.
JOE COOL~DoWnToWn THUG
April 24th, 2012
12:05 pm
“How can you possibly make this argument with all the money in Obama’s campaign war chest (nearly 1 billion)”
Not intended to be factual. No wonder you guys vote GOP with such poor reading comprehension.
getalife
April 24th, 2012
12:05 pm
You cons are not taking being marginalized by the American voters too well.
Earth to cons, the American voters think you are liars and insane.
Life is good.
Oblama
April 24th, 2012
12:07 pm
Here tomorrow – gone today.
(ir)Rational
April 24th, 2012
12:08 pm
Mick – The Mrs. will soon be a lawyer and would probably give me similar advice. She has this philosophy that “rules are meant to be followed, and laws are meant to be broken.” Interesting take, but also a good moral philosophy.
stands for decibels
April 24th, 2012
12:10 pm
(t)hat’s why I have also made the pledge that my campaign will not accept money from special interest PACs or registered federal lobbyists
You’re aware of the date on that particular document and of the campaign in question, yes?
The “promise” in question upthread, was about whether to participate in federal matching funds or forego them. His “Yes” was conditioned on working out and agreement with his eventual GOP opponent.
carlosgvv
April 24th, 2012
12:10 pm
Bruno
Posting on a regular basis here has resulted in your ignorance becoming the stuff of legend.
TaxPayer
April 24th, 2012
12:12 pm
I personally am thankful that President Obama has decided to fight a fair fight in the upcoming campaign and accept all the same types of support that the Republicans are accepting. I am going to miss those Bush tax cuts though when Obama gets re-elected and refuses to given in to the Republican whines for more tax cuts for the wealthiest. And I don’t really care if the Republicans consider that extra 4+ billion per year in added taxes on people like the Koch crooks as a trivial amount of money.
Old timer
April 24th, 2012
12:13 pm
And NO big money people give to the democrats….what a one sided article…..good thing it is on the opinion page…
(ir)Rational
April 24th, 2012
12:16 pm
sfd – So, he said that where? I’m not going to take the time to do your research for you, your assertion, your burden of proof. You said, he didn’t make the promise, which he clearly did, with no conditions offered in the response. You provided the document that I’m quoting from, and indeed told me exactly where to find the quote. So, where exactly, in what you’ve provided me with, did he add the condition you’re now claiming to his response that I quoted?
To answer your other question, yeah, I have the ability to read, so I was able to read (oddly enough) the date at the top of the document. Since that is where this particular discussion came from, I would think some one as smart as you would be able to see the relevance.
TaxPayer
April 24th, 2012
12:17 pm
I don’t see where Old Timer got that claim about no big money people giving to Democrats. Could someone point that out to me.
UNCLE SAMANTHA
April 24th, 2012
12:17 pm
stands for decibels
you assume i complain about a broken promise…… and you are wrong
i fully understand that $80 million versus the potental of $250-500 he was raising …….that is a no brainer
but for as much as democrats COMPLAIN about $ in campaigns you sure are hypocritical when it benefits your candidate…
BMDPD
April 24th, 2012
12:18 pm
Fred, your argument is so weak about me being a mindless partisan fanatic. As I recall, your orignal statement implied that the rich don’t pay their fair share. That argument is crap! Why don’t you read CNN’s front page. Here is a link to the story.
http://finance.fortune.cnn.com/2012/04/24/pay-gap-rich-poor/?hpt=hp_c1
You see the real person who is being discrimated against (by the left) is the educated individual from a solid home.
td
April 24th, 2012
12:19 pm
getalife
April 24th, 2012
11:31 am
Lets see, the last time the gop had power we had the worst attack on a city, two occupations and a depression.
What could go wrong?
Tell you what we can pull and Obama and say 911 was caused by Clinton not taking action to take Osama when Sudan offered him up. As far as the reason for the housing bubble crash, have you ever heard of the community reinvestment act?
Case closed it was all Clinton’s fault. Bush was the best President this country ever had.
JOE COOL~DoWnToWn THUG
April 24th, 2012
12:21 pm
“I don’t see where Old Timer got that claim about no big money people giving to Democrats. Could someone point that out to me.”
Who knows….. for all you CONs who need it, thank me later:
Online Course: Reading Comprehension 101 -
http://www.universalclass.com/i/course/reading-comprehension-101.htm
.
Lord Help Us
April 24th, 2012
12:21 pm
‘Bush was the best President this country ever had.’
And your basis for this claim is…
getalife
April 24th, 2012
12:23 pm
“Bush was the best President this country ever had.”
Bless your poor lil heart.
I will leave it for history to judge w.
jhf
April 24th, 2012
12:23 pm
Big-money donors bet heavily on the GOP – of course jay, they vote in their best interest and try to go with a winner.
getalife
April 24th, 2012
12:27 pm
President Clinton advised our President to use willard’s words against him.
Perhaps our President should hire President Clinton to balance our budget again.
(ir)Rational
April 24th, 2012
12:27 pm
Well, I’m going to go eat something and then work for the rest of the day, y’all have fun arguing in circles.
willie lynch
April 24th, 2012
12:28 pm
Two unfunded wars, the medicare Part D program, the deregulation of the financial markets, the hamstringing of the SEC, tax cuts that never should have taken place and this all leads to the collapse of the American economy with ripple effects felt around the world.
Does it not occur to you on the right that the S& L debacle of the 80’s and the near collapse of our country in 2008, were presided over by Republican administrations? How many times do you have to repeat the same mistake? What have the Republicans put on the table that makes you think they have changed their tune? Every time I hear them they are singing the same refrain ” Don’t raise taxes on the job creators.” If they had the tax structure they wanted under “W” what happened to the jobs?
To borrow from carlosgvv, “…your ignorance is becoming the stuff of legend.”
JB
April 24th, 2012
12:29 pm
Obama in big trouble with Michelle. She went into the White House kitchen and saw Barack at the stove cooking something……See went over and said, You damn fool, I told you to “walk” the dog.
td
April 24th, 2012
12:29 pm
getalife
April 24th, 2012
12:23 pm
“Bush was the best President this country ever had.”
Bless your poor lil heart.
I will leave it for history to judge w.
Just using your own logic and abilities to reason against your ranting points.
JB
April 24th, 2012
12:32 pm
Romney ought to tell the American people he will promise not to blame Obama everyday for four years…….That ought to be good for 10 million votes.
getalife
April 24th, 2012
12:34 pm
td,
I am flattered .
Thanks.
getalife
April 24th, 2012
12:37 pm
Yes, when the gop win, collapses happen.
Why vote for another collapse?
The majority will not vote for that now or in 16.
Get use to being marginalized cons.
in other words
April 24th, 2012
12:37 pm
Obama is one and done. Get your kleenex ready libs…oh wait, you all need food stamps to buy kleenex.
Bruno
April 24th, 2012
12:38 pm
Remembering John Lennon:
http://www.youtube.com/watch?v=Lt3IOdDE5iA
Don't underestimate
April 24th, 2012
12:39 pm
President Obama bought the election in 2008 with an unprecedented fundraising and spending machine. He spent 2x or more than anyone had ever spent and something like 60% more than Senator McCain. He couldn’t lose. Those who underestimate his ability to raise and spend the bucks hasn’t studied too much.
getalife
April 24th, 2012
12:41 pm
Yeah, thanks to citizen united, soros could donate a billion if he wanted to.
td
April 24th, 2012
12:41 pm
getalife
April 24th, 2012
12:37 pm
Yes, when the gop win, collapses happen.
Only because they are cleaning up the previous Dem administrations mess. You Dems better hope the GOP wins because we are real close to having the entitlement bubble burst in this country and if the Dems are in charge when this one bust then they not be back in power for 50 years.
Bruno
April 24th, 2012
12:43 pm
For anyone who feels the need to “start over”.
For getalife, Del and anyone else here who is facing health problems:
http://www.youtube.com/watch?v=C4C5_JQtkrc
JB
April 24th, 2012
12:44 pm
Imagine the urban area’s when the money runs out. Won’t be a Democrat for miles.
rightwing troll
April 24th, 2012
12:45 pm
“Pretty myopic views yourself; do you really expect us to turn to the republican party for relief???”
Hmmmmppphhh… hehehe… bwahahaha…!!!
Good one. Like the multi millionare bought and paid for by a handful of gazillionaires is gonna help the middle class…
rightwing troll
April 24th, 2012
12:47 pm
“Bush was the best President this country ever had.”
Did Dusty stop by?
Bruno
April 24th, 2012
12:49 pm
For all of the beautiful ladies here:
http://www.youtube.com/watch?v=f-x1FsvOAz4
MiltonMan
April 24th, 2012
12:49 pm
“Get use to being marginalized cons.”
…and all this time I thought we were in firm control within the state of Georgia. On second thought, we do need more Hank Johnsons.
Bruno
April 24th, 2012
12:54 pm
Finally, one for me:
http://www.youtube.com/watch?v=Wq7jLEnZw6s
Jimmy62
April 24th, 2012
12:56 pm
And big donors from other countries donate to Obama since his fundraisers don’t require any sort of CC verification.
Lest we forget, Jon Corzine, who lost over a billion dollars of investor’s money and has no idea what happened to that money, is Obama’s top bundler.
Ahh, but Jay is too partisan to bring that up.
Don't Forget
April 24th, 2012
12:57 pm
This is kind of a drive by post on an unrelated subject but if you’re worried about healthcare costs, solve this problem.
http://rockcenter.msnbc.msn.com/_news/2012/04/24/11371569-health-care-laws-leave-hospitals-overwhelmed-by-permanent-patients?lite
Jm
April 24th, 2012
12:57 pm
Again, money doesn’t impact elections
Kiki told me and I checked and she’s right
jms
April 24th, 2012
1:01 pm
“as long as they keep selling the myth that ‘through hard work, you, too, can become one of us’”
Hey, don’t knock it until you’ve tried it.
Bruno
April 24th, 2012
1:07 pm
if you’re worried about healthcare costs, solve this problem.
DF–I’m sure you’re trying to draw attention to the problem of the uninsured, though in this case the woman was an undocumented illegal alien who wouldn’t be eligible for ObamaCare anyway. The REAL problem in our health care system is buried a little deeper in the article:
“It would be cheaper to take these patients and send them to the Ritz Carlton,” said Harvard University School of Public Health Professor Ashish Jha. “They could get room service all day, and that would be cheaper.”
St Simons - beach philosopher
April 24th, 2012
1:08 pm
‘Oh, he’ll still owe them. But what he owes them they may not like.’
yeah, and ‘ditto’ (heheh) to the 99% who got the shaft in this
30 year clusterf** debacle called supply side jaysus trickle down.
They owe you, too, neocons.
You’re rackin up quite a karma, cons. Wouldn’t wanna be you.
Mad Max
April 24th, 2012
1:10 pm
Glad to see you leaning to the left again Jay.
It would have been nice to see their warchests side by side instead of selected cuts. Would have given some balance to the piece. Also maybe a comparison to 2008, Obama vs McCain.
Doesn’t really matter as Barack is going to have to run on his record, not his vision. The focus of ths campaign will be like Clinton’s 1st campaign – It’s the economy, stupid! Four years ago Barack was a candidate w/o a record of accomplishment, now he’s an incumbant with a record that can be judged against those things he promised back then. Funny how words can have a way of catching up to you.
kayaker 71
April 24th, 2012
1:15 pm
“If I don’t get this economy turned around during my first term, I don’t deserve to be re-elected”.
Candidate Barak Hussien Obama, 2008.
That’s the first thing that this idiot has said that I agree with.
F. Sinkwich
April 24th, 2012
1:15 pm
One aspect of campaign finance rarely gets mentioned. That is the “free” advertising provided by the liberal MSM to the O’bozo re-election effort. It’s probably worth a $Billion alone.
too little time
April 24th, 2012
1:17 pm
This, from CNN three days ago:
President Barack Obama’s re-election team increased their war chest by roughly $20 million in March, bringing the incumbent Democrat’s cash on hand funds to just over $104 million, more than ten times the amount his likely Republican challenger Mitt Romney declared in federal filings Friday.
Waa, waa about Republican donors, Jay. In fact, any media outlet that focuses on the amount Republicans spend/raise can almost automatically be named “Liberal”. Even though Obama raises TEN TIMES as much, Jay whines about the size of Romney donations. What a hack.
Obama is the biggest political fundraiser/spender of ALL TIME. He raised almost 50% more than McCain in 2008, and he is due to do the same this election cycle. So all of the Democrat whining about Republican donations is just that… whining. And any media outlet that doesn’t point out the the HUGE disparity in Republican and Democrat war chests and spending is blatantly biased towards the Democrats.
Jm
April 24th, 2012
1:18 pm
Sinkwich tru dat
JOE COOL~DoWnToWn THUG
April 24th, 2012
1:18 pm
“If I don’t get this economy turned around during my first term, I don’t deserve to be re-elected”.
I know you can lie better than that……. we’ve all seen it.
Normal Free, Plain and Simple
April 24th, 2012
1:19 pm
F. Sinkwich
April 24th, 2012
1:15 pm
And that is why I watch MSM…and adore Rachel Maddow…man, If I was a lesbian….
TaxPayer
April 24th, 2012
1:20 pm
It sure is nice that the economy is turned around.
Thulsa Doom
April 24th, 2012
1:20 pm
Don’t Forget,
That’s an interesting video. The AJC did a report a few years ago on a similar situation here with a man they believe to be an illegal from Central America. The man got into an accident and was in a coma. He recovered but is in a semi-vegetable state with brain damage. He looks like someone suffering from cerebral palsy. Anyway they can’t identify him and no one will come forward to claim him and none of the central american nations will claim him or help identify him. So at the time of the article he was being kept in Grady I think it was at a cost of 2 million a year.
I don’t know what to do in his case but in the case of say the Polish woman it would be nice if there was some sort of an international agreement for countries to take back citizens who burden other nations via health care. That or we bill Poland.
And of course if we could change the law so that they could take special situations like this and send them to skilled nursing facilities for care or assisted living homes at state expense it would be much cheaper. Of course if we did that then the liberals would use it as a talking point to say that the Republicans are kicking people out of hospitals.
Thulsa Doom
April 24th, 2012
1:22 pm
TaxPayer
April 24th, 2012
1:20 pm
“It sure is nice that the economy is turned around.”
Its always funny when someone thinks 1.7% economic growth is an economy “turned around”.
Jm
April 24th, 2012
1:25 pm
Obama just tried to buy off the student vote through gross pandering by promising to lower student loan interest rates and forgive the debt of the student loan freeloaders
JOE COOL~DoWnToWn THUG
April 24th, 2012
1:26 pm
Even Huntsmann is leaving the GOP…..
The Ghost of Edward R. Murrow
April 24th, 2012
1:28 pm
Ulm…excuse me Mr. Self-Appointed-Watchdog JayBama, but I failed to note 2 points of full-disclosure in your column…
1. The AJC is part of Cox, and Cox has contributed the following amounts to – or on behalf of – the following politicians: (list)
2. Cox is hoping to make the following amounts of money off of campaign advertising (amount) (of course, the source of Cox’s profits being the evil money that JayBama is informing of.
Did I miss those points in your column JayBama? If not, are you allowed by your bosses to research them for us?
Hmmm?
Thulsa Doom
April 24th, 2012
1:28 pm
Hmmm. Last I saw Obama had 104 million in his campaign war chest and Romney had a mere 10 million. But the fact that American business is coming to the rescue against Obama’s assault on the American economy is great news for us all. Awesome is all I can say.
I guess this year Goldman Sachs won’t be O’s biggest campaign contributor. And maybe this year the insurance companies and a lot of other businesses won’t be pouring a lot more money into O’s campaign than the R’s campaign. Great news! Just freaking great!
Thulsa Doom
April 24th, 2012
1:30 pm
“If I don’t get this economy turned around during my first term, I don’t deserve to be re-elected”.
I’ll second that. Finally. Something I wholeheartedly agree with O on.
Jm
April 24th, 2012
1:30 pm
Taxpayer thinks 8% unemployment is recovery
Another sick in the head heartless democrat
TaxPayer
April 24th, 2012
1:31 pm
Its always funny when someone thinks 1.7% economic growth is an economy “turned around”.
Thulsa,
Perhaps you prefer the depths of the Great Depression but I do not and President Obama and the Democrats managed to pull us out of that mess in spite of the efforts by Republicans to keep us down.
willie lynch
April 24th, 2012
1:31 pm
A business that is $200,000 in the red would consider $10,000 in the black a turn around.
Watkins
April 24th, 2012
1:32 pm
On the contrary, Doom. Insurance companies will definitely want to keep the healthcare bill intact. That way, they sell 30 million more policies.
TaxPayer
April 24th, 2012
1:33 pm
Perhaps jm prefers 10 percent unemployment or higher. Would that make him happy. Probably so given that he would see that as more ammunition to use against the Democrats.
Don't Forget
April 24th, 2012
1:34 pm
if you’re worried about healthcare costs, solve this problem.
DF–I’m sure you’re trying to draw attention to the problem of the uninsured
Nope, the point was that anytime you can’t get the appropriate care for people, it will end up costing US more. Sometimes it’s the uninsured but sometimes it can be people who have coverage but the standard care given isn’t enough. New Jersey is doing a pilot study of sorts that is demonstrating an extremely high rate of resource utilization by a small number of people. Most of these folks are covered by some plan or program but the limitations of those plans, whatever they may be, aren’t getting them the care that is needed to keep them out of the hospital. These are people who get admitted multiple times every year at a huge cost to everyone. It suggests that it’s cheaper to almost write a blank check to do whatever it takes to keep people with multiple serious health problems than it is to limit outpatient benefits and continually pick up the pieces time after time when they crash.
Don’t be so paranoid.
: 
Jm
April 24th, 2012
1:35 pm
Doom
Yawp
Jm
April 24th, 2012
1:36 pm
Taxpayer
5% sounds good to me
TaxPayer
April 24th, 2012
1:38 pm
5% sounds good to me
Then you must really love Paul Ryan’s yellowbrick roadmap. All he needs to make it work is 2.8% unemployment rate.
Mad Max
April 24th, 2012
1:40 pm
Taxpayer – is that the same figure that Obama used in his projections of his budget?
Jm
April 24th, 2012
1:44 pm
Maybe taxpayer thinks continuing fallin house prices are a sign of recovery
Mighty Righty
April 24th, 2012
1:45 pm
Jay acts surprised that the anti business anti corporation anti wealth Obama administration is having trouble attracting donations from business, corporations and wealthy people. Come on Jay engaged the gray matter. Also, I’ll bet Obama has a lock on on Socialist, Communist, left wing whacko donations.
TaxPayer
April 24th, 2012
1:45 pm
By the way, have Republicans been able to work out that math that defines how many jobs they can create for each one billion dollars of tax cuts to the wealthiest along with an explanation of why only those tax cuts create jobs and not payroll tax cuts. Not that I do not appreciate the fact that my investment income is free of both fed and payroll taxes, mind you. And I do appreciate the fact that my tax-free investment income is due to the Bush/Republican tax cuts and that the children of the corn, er um, I mean, of the Republicans will have to pay for my tax cuts in the future… I mean, I do appreciate your children’s generosity and all. I’m just asking.
OBG !!
April 24th, 2012
1:51 pm
“The numbers are stark. As the nonpartisan Campaign Finance Institute reports, 44 percent of the money raised by the Obama campaign so far has come in contributions of $200 or less.”
This isn’t news to anyone… just Obama supporters sending money back to support him from checks he sent them. They are hoping for a good return on investment, but unfortunately, they will need to get a job after January 2013.
They BOTH suck
April 24th, 2012
1:55 pm
TaxPayer
At least one of our fellow bloggers might post the job creation under Reagan…….
He has done this numerous times
When you counter with the job creation that has taken place at higher corporate and individual rates then were in place under Reagan… you will get a bunch of rhetoric or SILENCE
rightwing troll
April 24th, 2012
1:55 pm
“against Obama’s assault on the American economy ”
Details or facts please?
TaxPayer
April 24th, 2012
1:56 pm
My house price didn’t fall. And my property taxes didn’t fall.
rightwing troll
April 24th, 2012
1:56 pm
“the anti business anti corporation anti wealth Obama administration”
Details or facts please?
OBG !!
April 24th, 2012
1:56 pm
“If the big-money investment pays off and the GOP ends up with control of both the White House and Congress, you will see a significant impact on the policies and priorities coming out of Washington. Tax law, environmental rules, labor relations, entitlements — we’re likely to see a repeat on the national level of what Gov. Scott Walker of Wisconsin attempted to do at the state level in 2011. It will make the Bush years seem tame by comparison.”
Let’s hope so !! Time to get this economy going and get this current loser out of the Whitehouse. I am not happy with Mitt, but ANYTHING is better than the liar we have now.
JB
April 24th, 2012
1:56 pm
Facts about taxes to solve our problems. I own a pretty good size business. Five years ago my Federal tax bill was 1,800.000 at a rate of 35%. Last year I paid about 400,000 due to this economy. All this President is concerned about is getting my rate back to 39.5%, from 35%. At the rate of business I’m doing, that’s roughly an increase of 16,000 more in taxes I would owe under the new rate. What dumb ass in the world wouldn’t figure out that if he would work on the economy ONLY and my business came back, my tax bill goes back to 1,800,000. That’s 1,200,000 to the treasury vs the damn 16,000 he’s worried about with a higher rate.
What part of this doesn’t he get.
They BOTH suck
April 24th, 2012
1:57 pm
“This isn’t news to anyone… just Obama supporters sending money back to support him from checks he sent them. They are hoping for a good return on investment, but unfortunately, they will need to get a job after January 2013.”
Brains in your family must have missed a generation when you were born
TaxPayer
April 24th, 2012
1:58 pm
When you counter with the job creation that has taken place at higher corporate and individual rates then were in place under Reagan… you will get a bunch of rhetoric or SILENCE
They use the same techniques in their arguments against global warming. I think it’s called cherry picking. A very deceptive and so typically Republican practice.
JB
April 24th, 2012
1:58 pm
That’s 1,400,000 more. Bad math.
Thulsa Doom
April 24th, 2012
1:58 pm
Watkins
April 24th, 2012
1:32 pm
“On the contrary, Doom. Insurance companies will definitely want to keep the healthcare bill intact. That way, they sell 30 million more policies.”
I agree which is why they gave much more money to O in the first election and which is why they had a hand in writing the new law. But since the law is likely to be overturned anyway I guess they, like most other businesses, are just sick of the general economic climate anyway and may support Romney instead this time around.
Bruno
April 24th, 2012
1:59 pm
It suggests that it’s cheaper to almost write a blank check to do whatever it takes to keep people with multiple serious health problems than it is to limit outpatient benefits and continually pick up the pieces time after time when they crash.
My vote is for death panels.
Doggone/GA
April 24th, 2012
2:00 pm
“My house price didn’t fall. And my property taxes didn’t fall”
Neither did mine
rightwing troll
April 24th, 2012
2:01 pm
You got me there Jm… all of my houses experienced a loss of perceived value, good thing half of them are paid off and the other half still have 40-50% equity built up even after W’s economy and policies reduced their value… the good news is that my taxes did decrease…. marginally, Too bad the GOP who runs all of the state of GA has seen fit to raise my income taxes and my employment taxes in the meantime…
Thulsa Doom
April 24th, 2012
2:03 pm
“When you counter with the job creation that has taken place at higher corporate and individual rates then were in place under Reagan… you will get a bunch of rhetoric or SILENCE”
they both suck,
What are you saying? Simply that some job creation is taking place despite higher marginal tax rates? Or that job creation is taking place at a higher rate under O than under Reagan which of course would be total BS.
rightwing troll
April 24th, 2012
2:04 pm
And how did you make out with your Georgia state taxes JB? Mine have increased for the last three years running.
JB
April 24th, 2012
2:04 pm
Dem’s just ought to chill. In 25-30 years when everyone over say 55-60 is dead and the MTV generation is voting and running everything, they will win every election…….and it’s lights out USA.
Anyone with Means ( big money for taxes) will not hang around for a 70% federal tax rate. There are some movies out about this. Go rent one.
TaxPayer
April 24th, 2012
2:05 pm
Perhaps JB would be so kind as to inform us of how specific Democrat and Republican proposals would impact his future taxes and earnings..