HARRY REID TALKS ABOUT UNICORNS

Harry Reid is growing more senile before our very eyes. On the Senate floor yesterday, this is what he had to say about millionaires and job creation:

“Millionaire job creators are like unicorns. They are impossible to find and don’t exist.”

Here, Harry … this is for you.

Using 2007 data, there were 392,000 Americans who filed tax returns with an adjusted gross income above $1 million. Of those Americans, 273,000 were defined as “small business owners.” This means that close to 70% of millionaires meet the broad definition of small business people. And consider the fact that small businesses employ half of American workers and account for 65% of net new jobs created.

And these are just the small business owners. This isn’t counting the millionaires at the tippy top who run corporations, which employ thousands of Americans themselves. This also doesn’t consider the fact that these millionaires often times act as angel investors for entrepreneurs looking to start businesses. Without this money, many innovators would see their dreams die in a Democrat wasteland of equality and fairness.

PREDICTIONS FOR 2012

1. Israel will attack Iran
2. More Middle East countries will come under radical Islamic control. (Caliphate)
3. Several European countries will experience a financial default
4. There will be widespread racial and class strife / riots in America (The Occupy Movement and class warfare stoking during the Presidential campaign)
5. The U.S. Economy will slip back into a recession and move rapidly to a depression state
6. America, through Obama, will not provide strong support to Israel in it’s decision to attack Iran
7. Newt Gingrich will win the Republican Presidential nomination due to Middle Eastern turmoil
8. Christians worldwide will come under widespread attack
9. There will be several successful terrorist attacks in America
10. There will be limited restrictions on American civil liberties in the wake of civil unrest and terrorist attacks
11. U.S. unemployment will rise to 10.0%
12. Inflation will rise to roughly 10%
13. There will be several attempted political assignations in America
14. President Obama will remain President through 2013 via the suspension of the November 2012 elections

TAX CUTS FOR THE WEALTHY

One of the most exasperating qualities of a libtard is their penchant for obfuscating speech. Anyone who is not aware of what the Bush tax cuts actually were would assume, after years and years of the left’s inaccurate mantra, that the Bush tax cuts were for the wealthy ONLY.
If Bush stood at the edge of a cliff and pushed back a bus in peril, a bus that had every economic class in it, the progfart headline the next day would be “Bush Saves His Rich Cronies From Dying.”
Obama repeats this lie in his hysteric speech in Kansas.
“I mean, understand, it’s not as if we haven’t tried this theory. Remember in those years, in 2001 and 2003, Congress passed two of the most expensive tax cuts for the wealthy in history. And what did they get us? The slowest job growth in half a century. Massive deficits that have made it much harder to pay for the investments that built this country and provided the basic security that helped millions of Americans reach and stay in the middle class: things like education and infrastructure, science and technology, Medicare and Social Security.”
Wrong.
From Wapo -
The bulk of the 2001 tax cuts were marginal rate cuts, which extended to all taxpayers, while the 2003 tax cuts included a reduction in taxes on dividends and capital gains.
But the 2001 tax cuts also included tax changes that benefited the middle class, such as a reduced marriage penalty and expanded tax credits, along with an instant tax rebate. Still, it is correct that most of the benefits of the tax cuts flowed to the wealthy (who, let’s not forget, pay the largest share of income taxes).
Obama has said repeatedly he wants to keep the Bush tax cuts for people making less than $250,000; he wants to reinstate higher tax rates only for the wealthy. (In fact, he would retain about 70 percent of the overall tax cut.) But he should not suggest that the Bush tax cuts were aimed only at the wealthy, since that is not correct.