Let's start with The Center for Public Integrity:
SarahPAC is simply burning through more money than it’s bringing in.
During 2015, SarahPAC expenditures ($1.4 million) outpaced income (about $950,000), federal records show. This, from a former politician who markets her “fiscal responsibility” bona fides and once urged lawmakers to “cut spending — don't just simply slow down a spending spree” as an elixir to the Great Recession.
By another measure: the $457,459 SarahPAC reported raising from July 1 through Dec. 1 represents its smallest half-year haul since its formation in early 2009.
Meanwhile, conservative politicians’ campaigns didn’t receive a dime of SarahPAC’s heavy spending during the second half of 2015. Only a handful of lawmakers directly received cash during the first half of 2015.
This might surprise Palin supporters, who she solicits to “chip in $25 today to help us stack Congress with true conservatives” while asserting that SarahPAC is “working hard to support and elect conservative leaders.”
Ouch!
As I mentioned earlier I was really hoping that since Palin's national profile had been raised, partly because of her endorsement of Donald Trump and partly because her son was arrested for beating a woman, that she and her PAC would receive more scrutiny.
And that certainly appears to be the case.
Here is what HuffPo had to say:
SarahPAC’s most dedicated donors of late 2015 — those giving more than $200 — are elderly: More than three in five such contributors listed their occupation as “retired” or some variation thereof. They are most likely to hail from California, Texas or Florida.
But small-dollar donors, who don’t have to publicly reveal who they are or what they do, provided the lion’s share of SarahPAC contributions during late 2015.
To woo them, SarahPAC offers public television-like incentives to supporters willing to make a more modest contribution.
Backers donating at least $75 receive an autographed copy of Palin’s book “Sweet Freedom: A Devotional.”
Those who give $100 take home a plush “SarahPAC mama grizzly bear” toy.
Many of those donations — $22,325 in all during the second half of 2015, federal records show — funded SarahPAC’s purchase of Palin’s own book and those grizzly bear toys.
I have said before, but it bears repeating, donating to SarahPAC should be a universally recognized sign of mental illness.
The new financial filings have also attracted the interest of the International Business Times, Inquisitr, Al Jazeera, and Blasting News.
If you will allow me to do a little of my Snoopy dance here I would just like to point out that this is essentially what I predicted would happen as far back as 2010.
Sarah Palin will NEVER successfully, or even seriously run for office again, and will over time will fade from the spotlight until her name is only mentioned as one of the $100 questions on Jeopardy.
Morality is not determined by the church you attend nor the faith you embrace. It is determined by the quality of your character and the positive impact you have on those you meet along your journey
Showing posts with label fiscal conservative. Show all posts
Showing posts with label fiscal conservative. Show all posts
Saturday, January 30, 2016
Wednesday, December 19, 2012
President Obama on the Republican's stubborn refusal to compromise on fiscal cliff negotiations, "After this week we should have perspective."
Now the President has REALLY gone out of his way to negotiate in good faith with the Republicans, and is already getting blowback from his Democratic base over his decision to offer cuts to Social Security. However it is important to note that the changes to Social Security are far less dire than many have been implying:
The White House proposal would raise $1.2 trillion in new revenue, in part by changing the treatment of itemized deductions, which will hit the rich hardest. It would extend unemployment benefits and boost infrastructure spending—both key pieces of economic stimulus. And it would prevent Republicans from holding the economy hostage over the debt ceiling for two years. But it would end the Bush tax cuts only for those making $400,000 or more—a climb-down from the $250,000 mark Obama had previously insisted on—while failing to extend the payroll tax cut, meaning middle-class taxes will rise. It would cut $1.22 trillion in spending. And, perhaps most controversially, it would cut Social Security by changing the way inflation is calculated, meaning payments grow more slowly, by about 0.3% each year.
So there are NO actual cuts to Social Security, however the growth of payments to match inflation is now reduced. Clearly not optimal but hardly catastrophic.
Compare that with the dangers of actual going over the fiscal cliff, or curve if you prefer, and you may have some idea as to why the President is working so hard to reach a deal:
If the current laws slated for 2013 go into effect, the impact on the economy would be dramatic. While the combination of higher taxes and spending cuts would reduce the deficit by an estimated $560 billion, the CBO estimates that the policies set to go into effect would cut gross domestic product (GDP) by four percentage points in 2013, sending the economy into a recession (i.e., negative growth). At the same time, it predicts unemployment would rise by almost a full percentage point, with a loss of about two million jobs. A Wall St. Journal article from May 16, 2012 estimates the following impact in dollar terms: “In all, according to an analysis by J.P. Morgan economist Michael Feroli, $280 billion would be pulled out of the economy by the sunsetting of the Bush tax cuts; $125 billion from the expiration of the Obama payroll-tax holiday; $40 billion from the expiration of emergency unemployment benefits; and $98 billion from Budget Control Act spending cuts. In all, the tax increases and spending cuts make up about 3.5% of GDP, with the Bush tax cuts making up about half of that, according to the J.P. Morgan report.” Amid an already-fragile recovery and elevated unemployment, the economy is not in a position to avoid this type of shock.
So although the President just won reelection, and is currently enjoying the highest poll numbers since he killed Osama Bin Laden, the fact remains that he realizes it is HIS job to protect the American people from a possible recession and dramatic job loss.
I don't think it makes a difference to the President WHO gets blamed, his job is to make sure it never happens. You see unlike a certain party of douchebags I could name, Obama does not play politics with the lives of the American people.
And how did this party of douchebags respond to these remarks by the President? Much like you would imagine:
Boehner, R-Ohio, responded to Obama with a defiant tone. In an appearance before reporters that lasted under a minute, Boehner called on Obama to offer a deficit-cutting plan balanced between spending cuts and tax increases and predicted that the House would pass his backup plan.
"Then the president will have a decision to make," Boehner said. "He can call on the Senate Democrats to pass that bill or he can be responsible for the largest tax increase in American history."
Essentially Boehner said "Fuck it, let it burn!"
I think the next time I see one of those Teabagger assholes holding an "America First" sign I am going to punch him right in the face.
Labels:
budget,
fiscal cliff,
fiscal conservative,
John Boehner,
President Obama
Wednesday, August 15, 2012
Rachel Maddow explains that Paul Ryan is NOT a fiscal conservative, and that Sarah Palin is simply no longer relevant to the discussion.
"Mostly she and her family are just doing reality shows now. She had a reality show, her daughter had a reality show, plus the dancing thing, and now her husband has a new reality shoe as well. Nobody in current Republican politics calls themselves a 'Sarah Palin' Republican."
God I loved that.
And Rachel's take done of Paul Ryan is a thing of beauty. This is a MUST SEE segment!
Labels:
2012,
fiscal conservative,
John McCain,
Mitt Romney,
MSNBC,
Paul Ryan,
politics,
Rachel Maddow,
Republicans,
Sarah Palin
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