Wednesday, July 13, 2011
|The boys on DailyBrisk bring great insight and up to date current events, but once in a while we need something pretty to focus on.|
So determined is Obama to deprive “the rich” of excess income–as defined by him, of course–he is even willing to adversely impact government income in order to do so. Read this colloquy between Obama and ABC’s Charlie Gibson in a 2008 debate with Hillary Clinton:
MR. GIBSON: And in each instance, when the [capital gains tax] rate dropped, revenues from the tax increased. The government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
SENATOR OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.
MR. GIBSON: But history shows that when you drop the capital gains tax, the revenues go up.
SENATOR OBAMA: Well, that might happen or it might not. It depends on what’s happening on Wall Street and how business is going.
Actually, it doesn’t. Every time capital gains tax rates have gone up, revenues have gone down and vice versa. High capital gains tax rates, because the tax liability is only incurred when an asset is sold, have the effect of locking in capital, which is economically pernicious, preventing capital from flowing to its most productive, i.e wealth creating, use.
The reportedly largest pig ever (nicknamed "Hogzilla II") was killed by an 11-year-old Alabama boy while hunting with his father. The boy’s father claims the pig weighed 1,051 lbs and was 9-foot-4 from the tip of its snout to its tail. That would make it roughly 250 pounds larger than the original Hogzilla, a wild hog killed in Georgia in 2004.
The largest squid and invertebrate is the colossal squid. And the largest of those, caught in 2007 off the coast of Antarctica, weighed 1,091 pounds and was 33 feet long.
The African Bush Elephant is the largest animal on land. They're generally 10 to 11.5 feet tall and weigh 12,000 to 13,000 pounds, although the largest elephant on record was 13 feet tall and weighed 24,000 pounds.
House Majority Leader Eric Cantor told Fox News that President Obama became agitated and abruptly walked out of today’s debt talks at the White House – allegations that Democratic sources strongly deny.
“He (the president) became very agitated,” Cantor told Fox News. “He said ‘Ronald Reagan wouldn’t sit here. You either have to compromise on the dollar figure or the grand bargain’…He said ‘Don’t call my bluff. I’m going to the American people on this.’”
Cantor said Obama shoved back and said, ‘We’ll see you tomorrow’ – noting the meeting “ended with (the) President abruptly walking out of the meeting.”
Researchers from Japan recently published a paper in PLoS One describing their successful growth and transplantation of new teeth created from the stem cells of mice.
In order to create these teeth, Takashi Tsuji from Tokyo University of Science and his team removed two different stem cells from the molar teeth of mice. They took these stem cells to grow in the laboratory. In order to control how the teeth grew, as far as shape and length, the stem cells were placed in a mold to grow.
Once the cells grew into full tooth units, the researchers then transplanted them into the jaws of one-month-old mice. These transplanted teeth fused with the jaw bones and tissues on an average of about 40 days. The researchers were also able to detect nerve fibers growing in the new teeth.
Hundreds of bars, restaurants and stores across Minnesota are running out of beer and alcohol and others may soon run out of cigarettes.
Call out the National Guard Mr. President. These folks need their booze and cigarettes!
Mark Dayton’s shutdown of Minnesota’s state government is now in its third week, and so far I’ve seen no sign of it. I mean that literally: if I hadn’t read about the shutdown in the newspapers, I would have no reason to be aware of it.
Get off my patch! How two tigers left with their tails between their legs after being scared off by a protective mother bear
The tigers crept towards the bear, who was drinking at a watering hole and looked ready to pounce but backed off when she went on the defensive to protect her cubs. The pictures were taken by Aditya Singh at the Ranthambore Tiger Reserve in Rajasthan, India.
“This paper finds that (1) the home buyer tax credits had an insignificant effect on the number of homes sold, (2) sellers in markets with low and stable prices captured most of the credit, and (3) The effects of the credits sharply reversed after expiration. … Rather than igniting ‘animal spirits’ or pulling housing demand forward from the distant future, the tax incentives were a simple redistribution of wealth.”
President Obama: No 'Massive Job-Killing Tax Increases' . . . Until 2013
California Companies Fleeing Golden State
Read more: http://money.cnn.com/2011/06/28/news/economy/California_companies/index.htm#ixzz1S06jNI5Q
Obama: Unneeded Income Belongs to the Government
Read more: http://www.commentarymagazine.com/2011/07/12/obama-unneeded-income-belongs-to-the-government/#ixzz1S05jwMAO
On the bright side, the TSA has prevented every diaper-wearing caucasion retired woman in a wheelchair from blowing up planes during the same time period.
A leading credit-ratings agency demoted Ireland's bonds to junk status Tuesday, signaling that plans to get private-sector investors to share in the burden of Greece's debt problems could have ramifications for other indebted euro-zone economies.
Moody's Investors Service announced toward the end of U.S. trading that it was cutting Ireland's debt rating by one notch to Ba1, from Baa3, its lowest investment-grade level. It is the first of the major ratings services to downgrade the country's debt to junk levels.
The kids are acting up, so he threatens to starve Granny to death. That's just how a strong father behaves.
It looks to us as if Obama may once again be overestimating his persuasive powers by relying for feedback on journalists who, for a combination of ideological, partisan and personal reasons, are predisposed to take his side.