Select Page

Powell Endorses Obama. Who Endorses Romney from the Military?

by | ARTICLES, ELECTIONS, OBAMA, POLITICS, TAXES


There was a recent media frenzy when Obama announced that General Colin Powell endorsed him for President. The NY Times helpfully noted that

Mr. Powell said he supported Mr. Obama in part because he is ending the war in Afghanistan and has a strong counter-terrorism record. “There’s some very, very strong neo-conservative views that are presented by the governor that I have some trouble with,” he said. “I’m not quite sure which Governor Romney we’d be getting with respect to foreign policy,” he said.

Along with Powell, Obama’s military support includes General Wesley Clark, USA, (Ret), Major General Paul Eaton, USA (Ret, Admiral Donald Gutter, USN, former JAG of the Navy, (Ret) and Admiral John Nathman, USN, (Ret).

Reuters, ABC, Huffington Post, CNN — they all lead the day with stories about this news. A repeat endorsement from 2008.

Obama too has been pushing the narrative, even including it in a video in swing states.

Sounds impressive, right?

So who endorsed Romney from the military?
A friend from Bearing Drift posted the list below:

Admiral James B. Busey, USN, (Ret.)
General James T. Conway, USMC, (Ret.)
General Terrence R. Dake, USMC, (Ret)
Admiral James O. Ellis, USN, (Ret.)
Admiral Mark Fitzgerald, USM, (Ret.)
General Ronald R. Fogleman, USAF, (Ret)
General Tommy Franks, USA, (Ret)
General Alfred Hansen, USAF, (Ret)
Admiral Ronald Jackson Hays, USN, (Ret)
Admiral Thomas Bibb Hayward, USN, (Ret)
General Chuck Albert Horner, USAF, (Ret)
Admiral Jerome LaMarr Johnson, USN, (Ret)
Admiral Timothy J. Keating, USN, (Ret)
General Paul X. Kelley, USMC, (Ret)
General William Kernan, USA, (Ret)
Admiral George E.R. Kinnear II, USN, (Ret)
General William L. Kirk, USAF, (Ret)
General James J. Lindsay, USA, (Ret)
General William R. Looney III, USAF, (Ret)
Admiral Hank Mauz, USN, (Ret)
General Robert Magnus, USMC, (Ret)
Admiral Paul David Miller, USN, (Ret)
General Henry Hugh Shelton, USA, (Ret)
General Lance Smith, USAF, (Ret)
Admiral Leighton Smith, Jr., USN, (Ret)
General Ronald W. Yates, USAF, (Ret)
Admiral Ronald J. Zlatoper, USN, (Ret)
Lieutenant General James Abrahamson, USAF, (Ret.)
Lieutenant General Edgar Anderson, Jr., USAF, (Ret.)
Lieutenant General Marcus A. Anderson, USAF, (Ret.)
Lieutenant General Buck Bedard, USMC, (Ret.)
Vice Admiral A. Bruce Beran, USCG, (Ret.)
Vice Admiral Lyle Bien, USN, (Ret.)
Lieutenant General Harold Blot, USMC, (Ret.)
Lieutenant General H. Steven Blum, USA, (Ret.)
Vice Admiral Mike Bowman III, USN, (Ret.)
Vice Admiral Mike Bucchi, USN, (Ret.)
Lieutenant General Walter E. Buchanan III, USAF, (Ret.)
Lieutenant General Richard A. Burpee, USAF, (Ret.)
Lieutenant General William Campbell, USAF, (Ret.)
Lieutenant General James E. Chambers, USAF, (Ret.)
Vice Admiral Edward W. Clexton, Jr., USN, (Ret.)
Lieutenant General John B. Conaway, USAF, (Ret.)
Lieutenant General Marvin Covault, USA, (Ret.)
Vice Admiral Terry M. Cross, USCG, (Ret.)
Vice Admiral William Adam Dougherty, USN, (Ret.)
Lieutenant General Brett Dula, USAF, (Ret.)
Lieutenant General Gordon E. Fornell, USAF, (Ret.)
Vice Admiral David Frost, USN, (Ret.)
Vice Admiral Henry C. Giffin III, USN, (Ret.)
Vice Admiral Peter M. Hekman, USN, (Ret.)
Vice Admiral Richard D. Herr, USCG, (Ret.)
Lieutenant General Thomas J Hickey, USAF, (Ret.)
Lieutenant General Walter S. Hogle, Jr., USAF, (Ret.)
Lieutenant General Ronald W. Iverson, USAF, (Ret.)
Lieutenant General Donald W. Jones, USA, (Ret.)
Vice Admiral Douglas J. Katz, USN, (Ret.)
Lieutenant General Jay W. Kelley, USAF, (Ret.)
Vice Admiral Tom Kilcline, USN, (Ret.)
Lieutenant General Timothy A. Kinnan, USAF, (Ret.)
Vice Admiral Harold Koenig, M.D., USN, (Ret.)
Vice Admiral Albert H. Konetzni, USN, (Ret.)
Lieutenant General Buford Derald Lary, USAF, (Ret.)
Lieutenant General Frank Libutti, USMC, (Ret.)
Vice Admiral Stephen Loftus, USN, (Ret.)
Vice Admiral Michael Malone, USN, (Ret.)
Vice Admiral Edward H. Martin, USN, (Ret.)
Vice Admiral John J. Mazach, USN, (Ret.)
Vice Admiral Justin D. McCarthy, USN, (Ret.)
Vice Admiral William McCauley, USN, (Ret.)
Lieutenant General Fred McCorkle, USMC, (Ret.)
Lieutenant General Thomas G. McInerney, USAF, (Ret.)
Vice Admiral Joseph S. Mobley, USN, (Ret.)
Lieutenant General Carol Mutter, USMC, (Ret.)
Lieutenant General Dave R. Palmer, USA, (Ret.)
Vice Admiral John Theodore “Ted” Parker, USN, (Ret.)
Lieutenant General Garry L. Parks, USMC, (Ret.)
Lieutenant General Charles Henry “Chuck” Pitman, USMC, (Ret.)
Lieutenant General Steven R. Polk, USAF, (Ret.)
Vice Admiral William E. Ramsey, USN, (Ret.)
Lieutenant General Joseph J. Redden, USAF, (Ret.)
Lieutenant General Clifford H. “Ted” Rees, Jr., USAF, (Ret.)
Lieutenant General Edward Rowny, USA (Ret.)
Vice Admiral Dutch Schultz, USN, (Ret.)
Lieutenant General Charles J. Searock, Jr., USAF, (Ret.)
Lieutenant General E. G. “Buck” Shuler, USAF, (Ret.)
Lieutenant General Alexander M. “Rusty” Sloan, USAF, (Ret.)
Vice Admiral Edward M. Straw, USN, (Ret.)
Lieutenant General David J. Teal, USAF, (Ret.)
Lieutenant General Billy M. Thomas, USA, (Ret.)
Vice Admiral Donald C. “Deese” Thompson, USCG, (Ret.)
Vice Admiral Alan S. Thompson, USN, (Ret.)
Lieutenant General Herman O. “Tommy” Thomson, USAF, (Ret.)
Vice Admiral Howard B. Thorsen, USCG, (Ret.)
Lieutenant General William Thurman, USAF, (Ret.)
Lieutenant General Robert Allen “R.A.” Tiebout, USMC, (Ret.)
Vice Admiral John B. Totushek, USNR, (Ret.)
Lieutenant General George J. Trautman, USMC, (Ret.)
Lieutenant General Garry R. Trexler, USAF, (Ret.)
Vice Admiral Jerry O. Tuttle, USN, (Ret.)
Lieutenant General Claudius “Bud” Watts, USAF, (Ret.)
Lieutenant General William “Bill” Welser, USAF, (Ret.)
Lieutenant General Thad A. Wolfe, USAF, (Ret.)
Lieutenant General C. Norman Wood, USAF, (Ret.)
Lieutenant General Michael W. Wooley, USAF, (Ret.)
Lieutenant General Richard “Rick” Zilmer, USMC, (Ret.)
Major General Chris Adams, USAF, (Ret.)
Rear Admiral Henry Amos, USN (Ret.)
Major General Nora Alice Astafan, USAF, (Ret.)
Major General Almon Bowen Ballard, USAF, (Ret.)
Major General James F. Barnette, USAF, (Ret.)
Major General Robert W. Barrow, USAF, (Ret.)
Rear Admiral John R. Batlzer, USN, (Ret.)
Rear Admiral Jon W. Bayless, USN, (Ret.)
Major General John E. Bianchi, USA, (Ret.)
Major General David F. Bice, USMC, (Ret.)
Rear Admiral Linda J. Bird, USN, (Ret.)
Rear Admiral James H. Black, USN, (Ret.)
Rear Admiral Peter A. Bondi, USN, (Ret.)
Major General John L. Borling, USMC, (Ret.)
Major General Tom Braaten, USA, (Ret.)
Major General Robert J. Brandt, USA, (Ret.)
Rear Admiral Jerry C. Breast, USN, (Ret.)
Rear Admiral Bruce B. Bremner, USN, (Ret.)
Rear Admiral Thomas F. Brown III, USN, (Ret.)
Major General David P. Burford, USA, (Ret.)
Rear Admiral John F. Calvert, USN, (Ret.)
Rear Admiral Jay A. Campbell, USN, (Ret.)
Major General Henry Canterbury, USAF, (Ret.)
Rear Admiral James J. Carey, USN, (Ret.)
Rear Admiral Nevin Carr, USN, (Ret.)
Rear Admiral Stephen K. Chadwick, USN, (Ret.)
Rear Admiral W. Lewis Chatham, USN, (Ret.)
Major General Jeffrey G. Cliver, USAF, (Ret.)
Rear Admiral Casey Coane, USN, (Ret.)
Rear Admiral Isaiah C. Cole, USN, (Ret.)
Major General Stephen Condon, USAF, (Ret.)
Major General Richard C. Cosgrave, USANG, (Ret.)
Rear Admiral Robert Cowley, USN, (Ret.)
Major General J.T. Coyne, USMC, (Ret.)
Rear Admiral Robert C. Crates, USN, (Ret.)
Major General Tommy F. Crawford, USAF, (Ret.)
Rear Admiral James P. Davidson, USN, (Ret.)
Rear Admiral Kevin F. Delaney, USN, (Ret.)
Major General James D. Delk, USA, (Ret.)
Major General Robert E. Dempsey, USAF, (Ret.)
Rear Admiral Jay Ronald Denney, USNR, (Ret.)
Major General Robert S. Dickman, USAF, (Ret.)
Rear Admiral James C. Doebler, USN, (Ret.)
Major General Douglas O. Dollar, USA, (Ret.)
Major General Hunt Downer, USA, (Ret.)
Major General Thomas A. Dyches, USAF, (Ret.)
Major General Jay T. Edwards, USAF, (Ret.)
Major General John R. Farrington, USAF, (Ret.)
Rear Admiral Francis L. Filipiak, USN, (Ret.)
Rear Admiral James H. Flatley III, USN, (Ret.)
Major General Charles Fletcher, USA, (Ret.)
Major General Bobby O. Floyd, USAF, (Ret.)
Rear Admiral Veronica Froman, USN, (Ret.)
Rear Admiral Vance H. Fry, USN, (Ret.)
Rear Admiral R. Byron Fuller, USN, (Ret.)
Rear Admiral George M. Furlong, USN, (Ret.)
Rear Admiral Frank Gallo, USN, (Ret.)
Rear Admiral Ben F. Gaumer, USN, (Ret.)
Rear Admiral Harry E. Gerhard Jr., USN, (Ret.)
Major General Daniel J. Gibson, USAF, (Ret.)
Rear Admiral Andrew A. Giordano, USN, (Ret.)
Major General Richard N. Goddard, USAF, (Ret.)
Rear Admiral Fred Golove, USCGR, (Ret.)
Rear Admiral Harold Eric Grant, USN, (Ret.)
Major General Jeff Grime, USAF, (Ret.)
Major General Robert Kent Guest, USA, (Ret.)
Major General Tim Haake, USAR, (Ret.)
Major General Otto K. Habedank, USAF, (Ret.)
Rear Admiral Thomas F. Hall, USN, (Ret.)
Rear Admiral Donald P. Harvey, USN, (Ret.)
Major General Leonard W. Hegland, USAF, (Ret.)
Rear Admiral John Hekman, USN, (Ret.)
Major General John A. Hemphill, USA, (Ret.)
Rear Admiral Larry Hereth, USCG, (Ret.)
Major General Wilfred Hessert, USAF, (Ret.)
Rear Admiral Don Hickman, USN, (Ret.)
Major General Geoffrey Higginbotham, USMC, (Ret.)
Major General Jerry D. Holmes, USAF, (Ret.)
Major General Weldon F. Honeycutt, USA, (Ret.)
Rear Admiral Steve Israel, USN, (Ret.)
Major General James T. Jackson, USA, (Ret.)
Rear Admiral John S. Jenkins, USN, (Ret.)
Rear Admiral Tim Jenkins, USN, (Ret.)
Rear Admiral Ron Jesberg, USN, (Ret.)
Rear Admiral Pierce J. Johnson, USN, (Ret.)
Rear Admiral Steven B. Kantrowitz, USN, (Ret.)
Rear Admiral John T. Kavanaugh, USN, (Ret.)
Major General Dennis M. Kenneally, USA, (Ret.)
Major General Michael Kerby, USAF, (Ret.)
Rear Admiral David Kunkel, USCG, (Ret.)
Major General Geoffrey C. Lambert, USA, (Ret.)
Rear Admiral Arthur Langston, USN, (Ret.)
Rear Admiral Thomas G. Lilly, USN, (Ret.)
Major General James E. Livingston, USAF, (Ret.)
Major General Al Logan, USAF, (Ret.)
Major General John D. Logeman Jr., USAF, (Ret.)
Rear Admiral Noah H. Long Jr, USNR, (Ret.)
Rear Admiral Don Loren, USN, (Ret.)
Major General Andy Love, USAF, (Ret.)
Rear Admiral Thomas C. Lynch, USN, (Ret.)
Rear Admiral Steven Wells Maas, USN, (Ret.)
Major General Robert M. Marquette, USAF, (Ret.)
Rear Admiral Larry Marsh, USN, (Ret.)
Major General Clark W. Martin, USAF, (Ret.)
Major General William M. Matz, USN, (Ret.)
Rear Admiral Gerard Mauer, USN, (Ret.)
Rear Admiral William J. McDaniel, MD, USN, (Ret.)
Rear Admiral E.S. McGinley II, USN, (Ret.)
Rear Admiral Henry C. McKinney, USN, (Ret.)
Major General Robert Messerli, USAF, (Ret.)
Major General Douglas S. Metcalf, USAF, (Ret.)
Rear Admiral John W. Miller, USN, (Ret.)
Rear Admiral Patrick David Moneymaker, USN, (Ret.)
Major General Mario Montero, USA, (Ret.)
Rear Admiral Douglas M. Moore, USN, (Ret.)
Major General Walter Bruce Moore, USA, (Ret.)
Major General William Moore, USA, (Ret.)
Major General Burton R. Moore, USAF, (Ret.)
Rear Admiral James A. Morgart, USN, (Ret.)
Major General Stanton R. Musser, USAF, (Ret.)
Rear Admiral John T. Natter, USN, (Ret.)
Major General Robert George Nester, USAF, (Ret.)
Major General George W. Norwood, USAF, (Ret.)
Rear Admiral Robert C. Olsen, USN, (Ret.)
Major General Raymund E. O’Mara, USAF, (Ret.)
Rear Admiral Robert S. Owens, USN, (Ret.)
Rear Admiral John F. Paddock, USN, (Ret.)
Major General Robert W. Paret, USAF, (Ret.)
Rear Admiral Robert O. Passmore, USN, (Ret.)
Major General Earl G. Peck, USAF, (Ret.)
Major General Richard E. Perraut Jr., USAF, (Ret.)
Major General Gerald F. Perryman, USAF, (Ret.)
Rear Admiral W.W. Pickavance, USN, (Ret.)
Rear Admiral John J. Prendergast, USN, (Ret.)
Rear Admiral Fenton F. Priest, USN, (Ret.)
Major General David C. Ralston, USA, (Ret.)
Major General Bentley B. Rayburn, USAF, (Ret.)
Rear Admiral Harold Rich, USN , (Ret.)
Rear Admiral Roland Rieve, USN, (Ret.)
Rear Admiral Tommy F. Rinard, USN , (Ret.)
Major General Richard H. Roellig, USAF, (Ret.)
Rear Admiral Michael S. Roesner, USN, (Ret.)
Rear Admiral William J. Ryan, USN, (Ret.)
Major General Loran C. Schnaidt, USAF, (Ret.)
Major General Carl Schneider, USAF , (Ret.)
Major General John P. Schoeppner, Jr., USAF, (Ret.)
Major General Edison E. Scholes, USAF, (Ret.)
Rear Admiral Robert H. Shumaker, USN, (Ret.)
Rear Admiral William S. Schwob, USCG, (Ret.)
Major General David J. Scott, USAF, (Ret.)
Rear Admiral Hugh P. Scott, USN, (Ret.)
Major General Richard Secord, USAF, (Ret.)
Rear Admiral William H. Shawcross, USN, (Ret.)
Major General Joseph K. Simeone, USAF and ANG , (Ret.)
Major General Darwin Simpson, ANG , (Ret.)
Rear Admiral Greg Slavonic, USN , (Ret.)
Rear Admiral David Oliver “D.O.” Smart, USNR, (Ret.)
Major General Richard D. Smith, USAF, (Ret.)
Major General Donald Bruce Smith, USAF, (Ret.)
Rear Admiral Paul O. Soderberg, USN, (Ret.)
Rear Admiral Robert H. “Bob” Spiro, USN, (Ret.)
Major General Henry B. Stelling, Jr., USAF, (Ret.)
Rear Admiral Daniel H. Stone, USN, (Ret.)
Major General William A. Studer, USAF, (Ret.)
Rear Admiral Hamlin Tallent, USN, (Ret.)
Major General Hugh Banks Tant III, USA, (Ret.)
Major General Larry S. Taylor, USMC, (Ret.)
Major General J.B. Taylor, USA, (Ret.)
Major General Thomas R. Tempel, USA , (Ret.)
Major General Richard L. Testa, USAF, (Ret.)
Rear Admiral Jere Thompson, USN (Ret.)
Rear Admiral Byron E. Tobin, USN, (Ret.)
Major General Larry Twitchell, USAF, (Ret.)
Major General Russell L. Violett, USAF, (Ret.)
Major General David E.B. “DEB” Ward, USAF, (Ret.)
Major General Charles J. Wax, USAF, (Ret.)
Rear Admiral Donald Weatherson, USN, (Ret.)
Major General John Welde, USAF, (Ret.)
Major General Gary Whipple, USA , (Ret.)
Rear Admiral James B. Whittaker, USN, (Ret.)
Rear Admiral Charles Williams, USN, (Ret.)
Rear Admiral H. Denny Wisely, USN, (Ret.)
Rear Admiral Theodore J. Wojnar, USCG, (Ret.)
Rear Admiral George R. Worthington, USN, (Ret.)
Brigadier General Arthur Abercrombie, USA, (Ret.)
Brigadier General John R. Allen, USAF, (Ret.)
Brigadier General Loring R. Astorino, USAF, (Ret.)
Brigadier General Richard Averitt, USA, (Ret.)
Brigadier General Garry S. Bahling, USANG,(Ret.)
Brigadier General Donald E. Barnhart, USAF, (Ret.)
Brigadier General Charles L. Bishop, USAF, (Ret.)
Brigadier General Clayton Bridges, USAF, (Ret.)
Brigadier General Jeremiah J. Brophy, USA, (Ret.)
Brigadier General R. Thomas Browning, USAF, (Ret.)
Brigadier General David A. Brubaker, USAF, (Ret.)
Brigadier General Chalmers R. Carr, USAF, (Ret.)
Brigadier General Fred F. Caste, USAFR, (Ret.)
Brigadier General Robert V. Clements, USAF, (Ret.)
Brigadier General Christopher T Cline, USA, (Ret.)
Brigadier General George Peyton Cole, Jr., USAF, (Ret.)
Brigadier General Richard A. Coleman, USAF, (Ret.)
Brigadier General Mike Cushman, USAF, (Ret.)
Brigadier General Peter Dawkins, USA, (Ret.)
Brigadier General Sam. G. DeGeneres, USAF, (Ret.)
Brigadier General George Demers, USAF, (Ret.)
Brigadier General Howard G. DeWolf, USAF, (Ret.)
Brigadier General Arthur F. Diehl, USAF, (Ret.)
Brigadier General David Bob Edmonds, USAF, (Ret.)
Brigadier General Anthony Farrington, USAF, (Ret.)
Brigadier General Norm Gaddis, USAF, (Ret.)
Brigadier General Robert H. Harkins, USAF, (Ret.)
Brigadier General Thomas W. Honeywill, USAF, (Ret.)
Brigadier General Stanley V. Hood, USAF, (Ret.)
Brigadier General James J. Hourin, USAF, (Ret.)
Brigadier General Jack C. Ihle, USAF, (Ret.)
Brigadier General Thomas G. Jeter, USAF, (Ret.)
Brigadier General William Herbert Johnson, USAF, (Ret.)
Brigadier General Kenneth F. Keller, USAF, (Ret.)
Brigadier General Wayne W. Lambert, USAF, (Ret.)
Brigadier General Jerry L. Laws, USA, (Ret.)
Brigadier General Thomas J. Lennon, USAF, (Ret.)
Brigadier General John M. Lotz, USAF, (Ret.)
Brigadier General Robert S. Mangum, USA, (Ret.)
Brigadier General Frank Martin, USAF, (Ret.)
Brigadier General Joe Mensching, USAF, (Ret.)
Brigadier General Richard L. Meyer, USAF, (Ret.)
Brigadier General Lawrence A. Mitchell, USAF, (Ret.)
Brigadier General Michael P. Mulqueen, USMC, (Ret.)
Brigadier General Ben Nelson, Jr., USAF, (Ret.)
Brigadier General Jack W. Nicholson, USA, (Ret.)
Brigadier General Maria C. Owens, USAF, (Ret.)
Brigadier General Dave Papak, USMC, (Ret.)
Brigadier General Gary A. Pappas, USANG, (Ret.)
Brigadier General Robert V. Paschon, USAF, (Ret.)
Brigadier General Allen K. Rachel, USAF, (Ret.)
Brigadier General Jon Reynolds, USAF, (Ret.)
Brigadier General Edward F. Rodriguez, Jr., USAFR, (Ret.)
Brigadier General Roger Scearce, USA, (Ret.)
Brigadier General Dennis Schulstad, USAFR, (Ret.)
Brigadier General John Serur, USAF, (Ret.)
Brigadier General Joseph L. Shaefer, USAF, (Ret.)
Brigadier General Graham Shirley, USAF, (Ret.)
Brigadier General Raymond Shulstad, USAF, (Ret.)
Brigadier General Stan Smith, USAF, (Ret.)
Brigadier General Ralph S. Smith, USAF, (Ret.)
Brigadier General Donald Smith, USA, (Ret.)
Brigadier General David M. Snyder, USAF, (Ret.)
Brigadier General Michael Joseph Tashjian, USAF, (Ret.)
Brigadier General Richard Louis Ursone, USA, (Ret.)
Brigadier General Earl Van Inwegen, USAF, (Ret.)
Brigadier General Terrence P. Woods, USAF, (Ret.)
Brigadier General Mitchell Zais, USA, (Ret.)
Brigadier General Allan Ralph Zenowitz, USA, (Ret.)

So, where is the rest of the media? 5 endorsements — or more than 350?

Update: Here is the ad running in the Washington Times today

Food Stamps Growth Soars; Jobs Stagnant

by | ARTICLES, ECONOMY, GOVERNMENT, OBAMA, TAX TIPS, TAXES


The Weekly Standard does a great analysis of the growth of food stamps in comparison to the growth of jobs during the Obama Administration. Using FNS, BLS and USDA data, they calculated that food stamp enrollment was 75 times faster than job creation. This visual puts it into perspective:

I have written on this trend before in the last few months; as unemployment has remained high, we recently passed the point where more people have been added to the dependency rolls than payrolls. This has a high impact on our crushing deficit and is directly attributable to Obama’s legacy. The article sums it up:

Welfare spending is projected to remain permanently elevated; for instance, at no point in the next 10 years will fewer than 1 in 9 Americans be on food stamps. In fact, the Administration has actively sought to boost food stamp spending and enrollment, including through a partnership with the Mexican government to advertise benefits to foreign nationals, as well as materials that teach outreach workers how to “overcome the word ‘No.’” USDA even goes so far as to argue that the program is “the most direct stimulus you can get.”

Overall, in the last four years, the United States’ gross federal debt has increased 53 percent, food stamp enrollment has increased 46 percent, and the number of employed persons has increased just 0.15 percent. This picture, however, is even more ominous than it looks. While only 194,000 net jobs have been created since 2009, the working age population has increased by approximately 5 million—almost 25 times that amount. In other words, a shrinking share of working age adults have or are even looking for a job. The real unemployment number (U-6), therefore, is 14.6 percent.

To put this month’s job creation in historical perspective, in October of 1984, 286,000 jobs were created—67 percent more—at a time when the U.S. working age population was 26 percent smaller than it is today.

Over time, these trends, if not reversed, spell economic disaster for the United States and its citizens.

Be sure to read the article in its entirety.

Krauthammer: The Choice

by | ARTICLES, ECONOMY, ELECTIONS, POLITICS, TAXES


Krauthammer does a fine analysis on the importance of this election from a ideological perspective.

The commentary first appeared in the Washington Post on November 1. I have reposted it in its entirety below.

“Ronald Reagan changed the trajectory of America in a way that Richard Nixon did not and in a way that Bill Clinton did not.” That was Barack Obama in 2008. And he was right. Reagan was an ideological inflection point, ending a 50-year liberal ascendancy and beginning a 30-year conservative ascendancy.

It is common for one party to take control and enact its ideological agenda. Ascendancy, however, occurs only when the opposition inevitably regains power and then proceeds to accept the basic premises of the preceding revolution.

Thus, Republicans railed for 20 years against the New Deal. Yet when they regained the White House in 1953, they kept the New Deal intact.

And when Nixon followed LBJ’s Great Society — liberalism’s second wave — he didn’t repeal it. He actually expanded it. Nixon created the Environmental Protection Agency (EPA), gave teeth to the Equal Employment Opportunity Commission and institutionalized affirmative action — major adornments of contemporary liberalism.

Until Reagan. Ten minutes into his presidency, Reagan declares that “government is not the solution to our problem, government is the problem.” Having thus rhetorically rejected the very premise of the New Deal/Great Society, he sets about attacking its foundations — with radical tax reduction, major deregulation, a frontal challenge to unionism (breaking the air traffic controllers for striking illegally) and an (only partially successful) attempt at restraining government growth.

Reaganism’s ascendancy was confirmed when the other guys came to power and their leader, Bill Clinton, declared (in his 1996 State of the Union address) that “the era of big government is over” — and then abolished welfare, the centerpiece “relief” program of modern liberalism.

In Britain, the same phenomenon: Tony Blair did to Thatcherism what Clinton did to Reaganism. He made it the norm.

Obama’s intention has always been to re-normalize, to reverse ideological course, to be the anti-Reagan — the author of a new liberal ascendancy. Nor did he hide his ambition. In his February 2009 address to Congress he declared his intention to transform America. This was no abstraction. He would do it in three areas: health care, education and energy.

Think about that. Health care is one-sixth of the economy. Education is the future. And energy is the lifeblood of any advanced country — control pricing and production, and you’ve controlled the industrial economy.

And it wasn’t just rhetoric. He enacted liberalism’s holy grail: the nationalization of health care. His $830 billion stimulus, by far the largest spending bill in U.S. history, massively injected government into the free market — lavishing immense amounts of tax dollars on favored companies and industries in a naked display of industrial policy.

And what Obama failed to pass through Congress, he enacted unilaterally by executive action. He could not pass cap-and-trade, but his EPA is killing coal. (No new coal-fired power plant would ever be built.) In 2006, liberals failed legislatively to gut welfare’s work requirement. Obama’s new Health and Human Services rule does that by fiat. Continued in a second term, it would abolish welfare reform as we know it — just as in a second term, natural gas will follow coal, as Obama’s EPA regulates fracking into noncompetitiveness.

Government grows in size and power as the individual shrinks into dependency. Until the tipping point where dependency becomes the new norm — as it is in Europe, where even minor retrenchment of the entitlement state has led to despair and, for the more energetic, rioting.

An Obama second term means that the movement toward European-style social democracy continues, in part by legislation, in part by executive decree. The American experiment — the more individualistic, energetic, innovative, risk-taking model of democratic governance — continues to recede, yielding to the supervised life of the entitlement state.

If Obama loses, however, his presidency becomes a historical parenthesis, a passing interlude of overreaching hyper-liberalism, rejected by a center-right country that is 80 percent nonliberal.

Should they summon the skill and dexterity, Mitt Romney and Paul Ryan could guide the country to the restoration of a more austere and modest government with more restrained entitlements and a more equitable and efficient tax code. Those achievements alone would mark a new trajectory — a return to what Reagan started three decades ago.

Every four years we are told that the coming election is the most important of one’s life. This time it might actually be true. At stake is the relation between citizen and state, the very nature of the American social contract.

letters@charleskrauthammer.com

If You’re Rich, You Should’ve Died in 2010

by | FREEDOM, POLITICS, TAXES


That was the year the death tax was completely eliminated for one year. The families of philanthropist John Kluge, Texas oilman Dan Duncan, and Yankee’s mogul George Steinbrenner made out like bandits in 2010. Unfortunately, 2013 will see a crushing increase in the death tax.

In 2013, the death tax will revert to its antiquated, pre-2001 form. The applicable exclusion amount will plummet to $1,000,000, and the top marginal rate will leap twenty points to 55%. A 5% surtax will also return, to be levied on estates between $10 million and $17 million. This raises the top effective rate of the death tax to 60%.

Not only will the rate sharply increase, the amount of people estimated to be affected by the tax law changes will go up more than 13-fold. But truest and most invisible effects will be felt in the economy:

The economic incidence of the death tax is far broader, because it causes many wealthy individuals to save less, choosing instead to retire early or, as Milton Friedman put it, “dissipate their wealth on high living.” This reduction in savings means a concomitant reduction in investment, lessening the flow of capital to businesses and organizations where countless ordinary Americans are employed.

Additionally, a study done by the Tax Foundation when the death tax was 55% concluded that it “has roughly the same effect on entrepreneurial incentives as a doubling of income tax rates.”

The death tax rate change is only one of many, many tax increases scheduled for 2013, unless Congress makes changes to it at the last minute.

Paying More For Medicare

by | ECONOMY, GOVERNMENT, TAXES


One of the most commonly heard criticisms on the Ryan plan is that even though it will reduce the cost of Medicare to the government and move us more toward solvency, it will increase the amount of medical care that will have to be paid for by seniors.

The answer to this critique is not that they won’t be paying more, but rather, of course they will be paying more. Medicare is going broke, and the reason why is that it is unaffordable in its current form to the government. Paying more by seniors is certain – both by Ryan’s plan but also by doing nothing — because the system right now is almost bankrupt.

Ryan is trying to minimize the extra cost to those 55 and over by modifying how the system is subsidized by the government. The Ryan plan is the best one out there right now because it will allow the seniors to choose the kind of coverage options they want. Democrats try to say that the insurance companies will gouge seniors, but you simply can’t engage in price gouging when there are competing businesses. The people will select the health the coverage they want for their particular needs and ability.

The rational view for the future of health care is that the retiree will want to have choices for medical care, such as choosing a private room or shared, a hip replacement or hobbling a bit. It should be up to the individual if they want a procedure that is more or less invasive, standard or innovative. Having choices drive competition, which will in turn drive down the cost.

The hysteria that costs are going to rise is absurd because, although the Democrats won’t say so, costs will rise regardless of any plan because the system is broken. At least the Ryan plan is an alternative solution to Medicare, which, according the very trustees of Medicare, is completely unsustainable in its present form:

Medicare and Social Security “are on unsustainable paths” and will be insolvent within a few decades, according to the 2012 annual report of trustees of the funds. Since 1970, Medicare trustees have predicted the end is near and then nearer. The program must soon face up to demographic realities: Americans are living longer and fewer workers are paying Medicare and Social Security funds per retired citizen.

And in a letter to the Senate Budget Committee, in fact, the actuary at the Center for Medicare & Medicaid Services proffered a different set of more realistic circumstances—that the trustees themselves are being far too optimistic with their projections. In the actuary’s scenario, wherein we discount next year’s imaginary 30 percent rate cut to doctors and Obamacare’s supernatural ability to hold down costs, there will be an additional $10 trillion unfunded obligation over that 75 years.

Medicare trustees have warned that the program is facing more than $36 trillion in unfunded obligations. There needs to be a major change to the way it works but the Democrats are unwilling to acknowledge this fact or provide any solutions – only attacks. In doing so, the Democrats are really saying that they don’t care if they destroy Medicare.

It is imperative that the Republicans stand by Ryan and continue to hammer home the point that the Democrats have no Medicare plan, just like they have no budget plan (for 1200 days and counting). But by doing nothing and keeping Medicare the way it is, the Democrats will surely hasten the demise of the program within ten years. What will happen to the seniors then?

Feds: We Want to Give You (Other People’s) Money

by | ARTICLES, ECONOMY, POLITICS, TAXES

The Feds are complaining that those experiencing economic difficulties don’t ask for a lot of help from….the government.

The government assistance website, USA.gov, helpfully and cheerfully reminds us that

“Given that only 15 percent of you turn to government assistance in tough times, we want to make sure you know about benefits that could help you,” USA.gov announced today. The ”government made easy’ website has created a “help for difficult financial times” page for people to learn more about the programs.

As if we don’t have enough deficit already.

So, let me get this straight:

The economic downturn has financially burdened millions of Americans

The (government) solution is to seek assistance from the very administsration and policies who have prolonged and stymied our recovery?

UN “Global Internet Tax” in the Future?

by | ARTICLES, ECONOMY, TAXES

I have to give Congress at least a little credit here.

The U.S. Ambassador to the UN, Terry Kramer, announced this week that there is growing momentum worldwide for a “internet tax” of sorts which would affect companies such as Google who do business internationally.

Thankfully, the Hill reports

Democrats and Republicans in the United States are united against proposals to increase international control of the Internet. Congress passed a non-binding resolution earlier this year urging the United States delegation to “promote a global Internet free from government control and preserve and advance the successful multistakeholder model that governs the Internet today.”

This tax would be implemented through the U.N.’s International Telecommunications Union (ITU) authority, thereby expanding its authority over the Internet. A treaty conference scheduled for December is the first likely date during which action could be taken.

Let’s hope that Congress continues to reject any proposal which involves internet taxing and/or UN control over the internet. In fact, let’s get out of the UN all together.

Romney Paid More Than His Fair Share of Taxes…In 2010. MSM Blinked.

by | ARTICLES, HYPOCRISY, TAX TIPS, TAXES


So, Mitt Romney released his 2011 taxes. And on cue, Think Progress rolls out this inane hit piece entitled “By Romney’s Own Standard, His Tax Returns Would Disqualify Him From The Presidency”. The summary of their argument accuses Romney of paying more than his fair share of taxes this year. This implies that he is somehow gaming the system or dishonest.

However, this outrage — besides being just plain stupid — is entirely disingenuous. Why? Because in 2010, Romney actually DID pay more than his fair share of taxes, and when it was discussed in January after the release of his tax return, no media outlet said a word about it. I know this because I wrote about it.

Here’s the scoop:

I reviewed Romney’s returns for several different media outlets. In my article, and with discussion to the media, I pointed out this fact:

However, the most stunning information on his return is the fact that, due to inequities inherent our tax code, Romney paid taxes on more than a million dollars of income that didn’t exist.

The problem arises with regard to Romney’s hedge funds, and how he must record income and expenses:

From the income items, off comes the subtraction for interest. However, all of the other expenses that reduce profit – which, with hedge funds,  include virtually all operation expenses to earn income, including fees to the operators – are required to be recorded as miscellaneous itemized deductions.  You cannot deduct your share of expenses unless that amount exceeds 2% of your AGI. What’s worse, even if your expenses do exceed the threshold, and you are subject to the AMT you can’t deduct them at all. (Romney paid AMT).

This inability to deduct necessary expenses incurred while generating that income means that Mitt Romney paid taxes on $1.017 million of income that does not exist except on paper.

I went on to chronicle my exchanges with Bloomberg, NYDaily News, and CBS Evening News. None of them mentioned this. Out of curiosity, I even sent this off to Fox Business (remember — in January, Romney was not our nominee yet). Still, I received no reply. Then I saw some erroneous information coming out of the Boston Globe, and contacted the reporter for this story, who, after a basic exchange of emails, never followed up with me regarding hedge funds or the tax return analysis.

You can read the article from back in January 2012 in its entirety here.

So, back when Romney’s 2010 tax returns were released, the narrative then was that Romney didn’t pay enough in taxes, and therefore ignored a report that showed Romney did indeed pay his fair share — and then some.

The story picked up very little traction in early July, when Vanity Fair and Politico coordinated a financial smear on Romney. Jay Cost of the Weekly Standard, made mention of the summary of that fiasco, when I was pointing out the hypocrisy of media coordination when it fits a certain narrative.

So now the pendulum has swung. Instead of saying Romney paid too little in taxes, the Left wants us to be offended again but in the opposite vein. By claiming he paid more taxes than necessary — Romney is somehow hoodwinking us again.

He can’t be trusted and doesn’t pay enough taxes. He can’t be trusted and he pays too little taxes. Thus the new message: Romney can’t be trusted with finances at all.

No, the real problem is that we can’t trust the MSM.

Crossposted at RedState.com

Note: I have not had a chance to review Romney’s 2011 taxes to see if the same iniquity occurred. I will post an update when it gets done.

Romney’s 2011 Taxes

by | ARTICLES, BUSINESS, TAXES

Romney released his 2011 tax return today.

I haven’t had time to review these yet, but the Romney campaign has put out the following notes:

Regarding the newly-filed 2011 Tax Return:

In 2011, the Romneys paid $1,935,708 in taxes on $13,696,951 in mostly investment income.
The Romneys’ effective tax rate for 2011 was 14.1%.
The Romneys donated $4,020,772 to charity in 2011, amounting to nearly 30% of their income.
The Romneys claimed a deduction for $2.25 million of those charitable contributions.
The Romneys’ generous charitable donations in 2011 would have significantly reduced their tax obligation for the year. The Romneys thus limited their deduction of charitable contributions to conform to the Governor’s statement in August, based upon the January estimate of income, that he paid at least 13% in income taxes in each of the last 10 years.

Additionally, it seems that PriceWaterhouseCooper has compiled a summary of Romney’s preceding 20 years of tax returns:

Regarding the PWC letter covering the Romneys’ tax filings over 20 years, from 1990 – 2009:

In each year during the entire 20-year period, the Romneys owed both state and federal income taxes.
Over the entire 20-year period, the average annual effective federal tax rate was 20.20%.
Over the entire 20-year period, the lowest annual effective federal personal tax rate was 13.66%.
Over the entire 20-year period, the Romneys gave to charity an average of 13.45% of their adjusted gross income.
Over the entire 20-year period, the total federal and state taxes owed plus the total charitable donations deducted represented 38.49% of total AGI.

I’ll update things once I have a chance to compare them to my analysis I did for various media outlets on the 2010 tax returns

Quantitative Easing: Hypocritical and Destructive

by | ARTICLES, ECONOMY, HYPOCRISY, TAXES

QE3 started this week — $40 billion a month for an unlimited amount of time.

According to Bloomberg, Bernanke said, “We’re looking for ongoing, sustained improvement in the labor market,”. “There’s not a specific number we have in mind. What we’ve seen in the last six months isn’t it.”

So here we have a Federal Reserve who is supposed to be independent. It’s clear instead that the Fed is just doing the bidding of Obama — whose policies have failed to produce the results that the Fed is now trying to now create with another round of quantitative easing.

But support for quantitative easing is just another blatant example of political hypocrisy. The rationale behind quantitative easing – that it spurs investment – is vilified by the Democrat leadership when the same strategy is applied to “tax cuts for the wealthy”.

Bernanke, Geitner, the Fed, and the liberal members of Congress all supported and pushed QE2. They argued that purchasing huge amounts of Treasury securities would reduce long term interest rates. The effect would be stimulative because this action forces the other potential buyers to do something else with their money – invest in higher risk and more economically stimulative activity.

Yet aren’t these the same people who are against tax cuts for the highest-income earners? Their argument is that those higher income earners would not put their tax savings for economic stimulative use. This is simply untrue.

The supporters of quantitative easing praise lower interest rates but not lower tax margins? They laud investment as a key strategy for economic recovery – but only when it is artifically and unconventionally controlled by the government?  “The rich” should not be able to invest their own money, but have to give the government more (for them to invest it)? This patent double standard is both calculated and conniving — and it ultimately endangers the economic future of this country.

QE3 just makes the economic situation worse, especially because of its open-endedness. We now face the growing threat of inflation and the fall of the value of the dollar, a cut in our credit rating, and increased federal debt (as if we don’t already have enough). Couple that with our looming tax increases for 2013, and we have both consumers and investors who are uncertain about what to do with their money anymore. . Plain and simple. That hurts, not helps.

More government interference is not the solution to our economic problems.