THE "SKINNY" ON THE 1% TRANSACTION TAX

Today I received an email regarding an alleged proposal by Obama/Pelosi to charge a 1% Transaction Tax on all financial transactions, every bank deposit/withdrawal, transfers within accounts, credit card transactions, ATMs, direct deposits, Banks, Credit Unions, Mutual Funds, Brokers, real estate, etc. Any financial transaction, the tax would apply.

I thought, well, this is something everyone should know about, but as I always do, I checked the facts before publishing the information in this blog. So these are the facts on this subject.

In February Rep. Fattah (Liberal Dem from Pa) introduced his "Debt Free America Act." Contained within this act is a proposal for the 1% transaction tax cited above. The act is pretty radical and has not gained any traction in Washington within either party. So far Fattah has found no one who would sign onto the bill with him.

So it appears that as of now the 1% transaction tax is not going forward full steam ahead. Snopes says the rumor about the tax isn't true, but Snopes can be notoriously wrong on political issues. Their political slant is usually Left/Liberal. Therefore they debunk things that are actually true. I tend not to trust Snopes.

But in this case Fact Check.org has also said a 1% transaction tax has not been passed and is not endorsed by the administration at this time. And they are correct. It has not been passed - yet.

But Beware, Friends. Listen to what Pelosi said about this tax at a news conference just last Thursday:

“I believe that the transaction tax still has a great deal of merit.” The tax would be a "great source of revenue that has a really minimal impact on the transaction but a tremendous impact on helping us meet our needs.”

Only a Democrat would believe that a tax would have a "really minimal impact" on us. She is just a blithering fool.

And you all know what this means. The 1% Transaction Tax is Not A Going-Nowhere Issue with Pelosi and the Democrats. Though it has not been passed into law, Pelosi likes the idea. That spells t-r-o-u-b-l-e for us.

It’s a hint here, a suggestion there, a gentle nudge, and then a stronger nudge, and pretty soon a 1% Transaction Tax becomes law before the American public knows what hit 'em. In spite of what Snopes and Factcheck say, I will be watching this issue. So should you.

In the meantime we can Throw The Bums Out.

Fire Them in November!

To Mosque or Not To Mosque

Well, Obama has done it again. He said one thing on building a mosque in New York, before he said something else on building of a mosque in New York, and then said something else on building a mosque in New York. This time it only took him a day or so to change his tune. First Obama stays away from the subject citing "it's a local issue." Then speaking at a Muslim gathering Obama says religious liberty "includes the right to build a place of worship and a community center on private property in lower Manhattan--." And the backlash started, not only from the Right, but from the Lefty Liberals, Obama's base. So Obama "clarified" that his remarks addressed only whether building the mosque was constitutionally defensible, not whether its construction is advisable. Then the next day, yet another White House clarification insisting that the president's statements did not mean he was backing away from his original statement. Are you confused yet?? This is another example of an on-again, off-again position from Obama and his troops. He doesn't really care so he swings with whichever way the political winds are blowing or whichever group he is addressing. Very much like he did during the campaign.

Press Sec Burton said "The president thinks it's his obligation to speak out when issues of the Constitution arise." So this is suddenly a Constitutional administration?

Wow, how dare Obama lecture us about our Constitutional right to religious freedom when he has stomped all over our Constitution since January, 2008. He only cares about our "Constitution" when it's politically expedient for him to care.

And again, Obama has missed the temperature of the American people on this one. While he is lecturing about religious freedom and the Constitution, he misses the fact that for Americans this has nothing to do with either. We know we have religious freedom. We know what our Constitution says. But this is an emotional issue. People lost brothers, sisters, fathers, wives, husbands, kids, over 3000 American souls gone - in a few short hours. And who did it? Muslim extremists. And if the purveyors of the mosque really wanted to "build bridges" and "heal our relations with Muslims," they would voluntarily move the dang thing. Their refusal to do so tells us all we need to know about their real motivation.