By Kemberlee Kaye


Yesterday President Obama gave a speech in Texas, er, I mean Kansas, trashing capitalism and individualism, per usual. Immediately the fact checkers went to work analyzing the details of Obama’s latest verbal assault. Like every other speech, this one was full of lies, intentionally misleading “facts,” demagoguery and anti-Americanism. As you can imagine, I was shocked to read the White House admitted telling a story, well, sort of:

“Some billionaires have a tax rate as low as 1 percent — 1 percent. That is the height of unfairness.”

This is a striking statistic. But the only evidence that the White House could offer for it was a TV clip of a conversation on Bloomberg TV, in which correspondent Gigi Stone made this assertion during a discussion about the tax strategies that the very wealthy use to avoid paying taxes. The TV clip was promoted by the left-leaning website Think Progress.

Stone quoted from a Bloomberg News article last month that reported on such tax strategies, which mostly involve complicated ways to defer paying capital gains taxes. But the article never made the one-percent claim. It also noted that the IRS had gotten more hostile to such transactions in recent years.

An administration official conceded the White House had no actual data to back up the president’s assertion, but argued that other reports showed that some of the wealthy pay little in taxes.

(h/t PJ Tatler)

___


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  • Anonymous

    Obama = Liar

    • Professor Why

      In other news, water is still wet. ;)

    • Anonymous

      Only when his lips move.

      • Anonymous

        …and his heart is beating.

        • Anonymous

          Heart? Surely, you give him too much credit!

  • http://pulse.yahoo.com/_6KRHXVK5ZCSWJ5GJQ5Z6GIJICA Dax

    The argument should not be how much tax is fair. It should always be how much we spend as a government. Also, fair is about everyone paying, not just 50% percent of the population.

    • Anonymous

      and everyone paying the same %, not a progressive rate where the better you do the more you are penalized.
      I am pretty poor (disabled/no job/no taking SSI or anything, I do get VA benefits though as I am also DAV ) and I hate this rich must pay more crap.

      • Anonymous

        The proper way to start framing this is that, if we are all equal under the law and no person is more valuable than the other, then we all have an equal responsibility to contribute an equal portion of our incomes to support the federal government. The problem is that the Republican Party has bought into the progressive income tax.

        • Anonymous

          I’ve always thought it was pretty simple. The more you make… the more you pay in taxes. If the tax rate is at 10% (flat) that means the rich pay more… the poor pay less. This way the leftists can still exact their revenge by actually having the rich pay more.

          What you progressives? Is there something wrong with that? What don’t you like about this? It’s an obvious win-win all around. But I guess not if you’re a progressive.

  • Anonymous

    No surprise, his very persona, his essence is nothing less than a lie. He can’t even tell the truth about his heritage.

  • Anonymous

    The US national debt is over 15 trillion and the money spent on poverty has been over 16 trillion. Coincidence?

    • Anonymous

      Great, another racist comment…. sarc/

  • Anonymous

    but argued that other reports showed that some of the wealthy pay little in taxes.
    ———-
    Warren Buffet still owes billions in taxes and he is fighting the IRS.
    Immelt pays no taxes.
    Geithner is a tax cheat.
    Google guys stash their billions overseas to avoid taxes.

    These are the people who educate Obama on what to lecture the taxpayers.
    He says whatever he says knowing full well that he can lie all he want because the media will not report it as a lie

  • blackbird

    I do not know for the Life of me how Obama gets away with it.

    • http://no-apologies-round2.blogspot.com/ AmericanborninCanada

      dear leader has lots of help and power pulling his strings… vengence belongs to the Lord. Some day, unless he changes his own heart, he will have his due.

    • Anonymous

      There comes a point when you have to lay as much blame at the feet of those who’ve allowed this to happen. They become increasingly entangled in it, with each passing day. Congress, courts, old media.

      Silence in the face of evil is itself evil: God will not hold us guiltless. Not to speak is to speak. Not to act is to act.
      —Dietrich Bonhoeffer

      • Anonymous

        Do not forget the populous that voted for him. They had their duty to vet him as well but neglected it so they got what they deserve, destruction of the republic at a cost of 5 trillion and trillions more on complying with the evil one’s policies.

    • Anonymous

      His believers are idiots.

  • http://no-apologies-round2.blogspot.com/ AmericanborninCanada

    Gee imagine that! “An administration official conceded the White House had no actual data to back up the president’s assertion, but argued that other reports showed that some of the wealthy pay little in taxes…”

    In other words, the administration official admits dear leader lied through his teeth again, but because even though the facts are untrue, it could happen, so therefore it’s real. And some reports show that some of the wealthy, such as those in our government really do in fact pay little in taxes, and tithe even less. So there!

  • MichaelLee1

    Liar,Liar,obumma’s pants are always on fire! This guys worse the Nixon,Carter & Clinton combined.

  • Anonymous

    This is no surprise at all. Obama just hired some woman (Ginger something, I think), directly from Think Progress. I’ll be Media Matters is jealous.

  • Anonymous

    I become increasingly enraged at this degenerate old media for giving him a forum to spew his lies. I become enraged at the Republicans who have enabled him, by not speaking out, and telling people in plain English, he is blatantly lying to them. God won’t hold them guiltless. They will be punished with him.

    Silence in the face of evil is itself evil: God will not hold us guiltless. Not to speak is to speak. Not to act is to act.
    —Dietrich Bonhoeffer

    This is the reason why people doubt his identity and his birthplace. It’s very simple logic.

    • http://pulse.yahoo.com/_OQI5D66OXO7X2FE4NVCZC7BAMA Joe

      The MSM is on the payroll

  • Anonymous

    There’s a commercial for heartburn that’s out now. It shows a man walking to his car in a parking garage, and his chest has flames coming out of it.

    They need to make an ad with Obama standing up at the podium, and when he opens his mouth and speaks, his pants catch on fire.

    Liar
    Liar
    Pants on Fire!

    • http://twitter.com/113KriEger Allen

      now that’s funny!!!!

    • http://pulse.yahoo.com/_OQI5D66OXO7X2FE4NVCZC7BAMA Joe

      OH

      You didn’t see this at the town hall meeting

      http://www.examiner.com/images/blog/wysiwyg/image/Obama-Abortion-Lie.jpg

      • http://twitter.com/113KriEger Allen

        ROLF!!! That made my drink come out my nose….hilarious!!!

      • http://no-apologies-round2.blogspot.com/ AmericanborninCanada

        :-)

  • blackbird

    I know Newt is a brilliant debater but I would pay anything for Governor Palin to sit across from Obama and pull out her nightstick.

  • http://pulse.yahoo.com/_OQI5D66OXO7X2FE4NVCZC7BAMA Joe
    • blackbird

      Thanks Joe for the google link, the first returned result has an interesting post by NHartphotog

  • Micah Martin

    The problem here is that he lied to millions of Americans but only handful of people hear the correction. It’s all a matter of numbers.

  • http://pulse.yahoo.com/_GDJGRV2MMCB6P2ZYTUZW6BHFVA Richard

    If you are a Communist, lying is acceptable and even encouraged to promote your central government control of the populace.

    • http://no-apologies-round2.blogspot.com/ AmericanborninCanada

      gee, kind of like islam..

      • Anonymous

        You’re right. Takiyah if you’re furthering Islam. Just plain lying if you further Communism. Both political systems are evil and pushed by fearless leader (your words).

  • Anonymous

    i didn’t know that the ows of our white house had to facts! like when comparing himself to TR. mr obama i have read up on TR, and you are no TR. TR would use his big stick on your backside

  • Anonymous

    Liar-In-Chief… So what’s new?
    Digging those holes?? Hope he keeps it up till Nov 2012 when an earthquake will cave-in upon him.

  • Anonymous

    I didn’t watch his speech. I can’t stand to watch this man any more. I did see the part where he was mocking us calling him a “socialist” and shaking his head like we are wrong. What the hell do you call it, Obama? You are nothing but an anti-capitalist, redistributive, social justice and big government lib….and you ADMIT it. Yet, you lefties get offended by “socialist”? Are you freaking kidding me?

  • Anonymous

    I will re-post what I posted previously about Obama’s lies in his speech. He lied too about these day’s it being harder for poor people to “climb out of their situation”. This, is what I wrote:

    And what is stopping them from “climb[ing] out of that situation and back into the middle class no matter how hard they work”?

    Is it the bankers?
    Is it corporations?
    Is it the 1%?
    Is it China and India?
    Is it ATM machines?

    No, it’s the socialist scum, the communist piece of crepe you’re looking at right now!

    It’s your regulations, your unions, your social security, it’s your canceled pipelines, your unpredictable legislation, your mandatory healthcare insurance.

    It’s your lack of leadership. It’s your class warfare. It’s your partisanship. It’s your shifting of blame.

    It’s your blind idealism. It’s your hatred of American values. It’s your denial of American superiority.

    It’s your arrogance. It’s your incompetence. It’s your stupidity.

  • Anonymous

    As usual Comrade, obama, lies.

  • Anonymous

    His statement is an outright lie. They do not, have not, ever had a 1% tax RATE.

    If a billionaire hides his earnings or uses capital gains loopholes, he shows a much lower income level, and then pays a lower rate. Loopholes, by the way, are sometimes created by the Federal Government themselves to encourage certain behaviors, such as investing in Green energy.

    Corporations do it this way: Earn money, spend money, pay tax on what’s left. All you have to do is show on paper that you lost money hand over fist. Doesn’t matter if you’re driving a BMW.

    • Anonymous

      When BO talked about his “Pass this bill” jobs plan he introduced a ton of new tax-loopholes for business’. Isn’t that something that we are trying to get away from yet you are introducing more???

      And you know what….loop-holes right now are legal….so why is everyone complaining if the rich are just doing what’s legal according to their taxes. Who else in their position wouldn’t try and find every loop-hole to save money when filing taxes??? Who doesn’t now??? What millionaire says, “Nope….no loop-holes I’m paying everything. As a matter of fact I want to pay more.” None of them. Sure some might say they wouldn’t mind if their taxes were raised because a lot of them probably wouldn’t feel the difference anyways….but thats not the point of it.

      1%…..maybe he thought thats what OWS was saying….not that the rich are “the 1%” but that they only pay 1% in taxes. I see where he was confused now…ha.

  • Anonymous

    phlpn.es/829r8s

  • Anonymous

    phlpn.es/829r8s

  • Anonymous

    This man (and I use that term very loosely) is simply a disgusting poor excuse for a human being.

  • http://tomwfox.wordpress.com/ Tom Fox

    Fascinating, but pointless. What IS the lowest income tax rate ever paid by a billionaire, or at least withing the last ten years. How would you prove it? The truth or falsity of the assertion remains in doubt.

  • Anonymous

    phlpn.es/829r8s