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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (126810)3/19/2012 1:54:31 PM
From: grusum5 Recommendations  Read Replies (2) | Respond to of 224720
 
Scott Walker Recall: 29 Wisconsin Judges Sign Petitions.

Scott Walker Recall: 29 socialist/activist Wisconsin Judges Sign Petitions



To: Kenneth E. Phillipps who wrote (126810)3/19/2012 2:50:28 PM
From: tonto2 Recommendations  Respond to of 224720
 
Yes they did!



To: Kenneth E. Phillipps who wrote (126810)3/19/2012 2:57:30 PM
From: tonto2 Recommendations  Respond to of 224720
 
UPDATE 7-Brent slips as Libya to export more, U.S. crude up





Mon Mar 19, 2012 2:09pm EDT


* Dollar turns lower, supports oil

* Libya oil exports to exceed pre-war deliveries

The weak dollar and the high price of gasoline makes for a terrible economic plan...if Obama has one.



To: Kenneth E. Phillipps who wrote (126810)3/19/2012 6:45:05 PM
From: Hope Praytochange4 Recommendations  Read Replies (2) | Respond to of 224720
 
kennytroll: The Road We’ve Traveled:’ A misleading account of Obama’s mother and her insurance dispute

http://www.washingtonpost.com/blogs/fact-checker/post/the-road-weve-traveled-a-misleading-account-of-obamas-mother-and-her-insurance-dispute/2012/03/18/gIQAdDd4KS_blog.html?hpid=z2

This is a good read about how truth suffers to win an election



To: Kenneth E. Phillipps who wrote (126810)3/19/2012 8:31:47 PM
From: lorne5 Recommendations  Respond to of 224720
 
'Ghost' of '08 to haunt Obama in 2012?
President never fully addressed his relationship to unrepentant terrorist
by Aaron Klein
Monday, March 19, 2012
wnd.com

Has the full extent of President Obama’s relationship with former Weather Underground terrorist Bill Ayers been exposed?

Is there still more to the Obama-Ayers affiliation that has not been dug up by enterprising reporters, authors, bloggers and researchers?

Among all Obama’s radical associates from the past, few received more attention or were as shocking as the president’s connection to Ayers.

Find out more about Barack Obama’s radical past in Aaron Klein’s “Red Army: The Radical Network that must be defeated to save America,” available at WND’s Superstore

The relationship plagued Obama during the 2008 presidential campaign and could resurface during this year’s election as many questions remain.

Among the possible inquiries: How did the duo originally meet? Did Obama have a larger relationship with Ayers’ parents? Did Ayers play a larger-than-known role in mentoring Obama or in aiding his political career? Are there more projects in which Ayers and Obama worked together? Is there more to find regarding the work of the nonprofits where the two served together?

Obama has never fully addressed the many known aspects of his relationship with Ayers.

During an April 16, 2008, presidential debate, Obama was asked about the relationship.

“This is a guy who lives in my neighborhood, who’s a professor of English in Chicago, who I know and who I have not received some official endorsement from,” Obama said. “He’s not somebody who I exchange ideas from on a regular basis.”

First meeting?

It is known that Obama launched his political career at a 1995 fundraiser at Ayers’ Chicago apartment and that the two served alongside each other from 1995 to 2000 on a $100 million education foundation, the Chicago Annenberg Challenge, or CAC. According to documentary evidence, it was Ayers who helped hire Obama at the CAC.

Also, Obama and Ayers served as paid directors of the Woods Fund, a nonprofit that channeled money to leftist causes.

Obama would later cite his CAC position as evidence of his qualification for public office.

However, those probing Obama were left to speculate exactly how Ayers was so familiar with him that he hired the future politician for the CAC and hosted the 1995 fundraiser.

It would later emerge that Obama worked directly with Ayers in 1988 and that the two were brought together by a radical Saul Alinsky acolyte who was trained by Alinsky himself and whose name was obscured in Obama’s autobiography “Dreams from My Father.”

Alinsky, known for his book “Rules for Radicals,” is regarded as the father of the community organizer movement.

In 1988, in response to a Chicago summit that documented the poor quality of education in the city, Chicago United, a group founded by Ayers’ father, the late Thomas Ayers, formed a community advocacy association called the Alliance for Better Chicago Schools, or the ABCs Coalition. Thomas Ayers was the chairman and CEO of Commonwealth Edison.

When he created the ABCs Coalition in June 1988, Thomas Ayers included Obama in the coalition. Obama at the time was director and lead organizer of the Developing Communities Project, or DCP, an institutionally based community organization on Chicago’s Far South Side. Obama’s first job in Chicago was his DCP position.

The contact for the ABCs Coalition, on which Obama served, was none other than Bill Ayers, who at the time was at the University of Illinois at Chicago.

Documentation reviewed by WND showed that Ayers started attending the ABCs Coalition’s monthly meetings, held over breakfasts of eggs, sausages, rolls, fruit and coffee in a conference room on the 57th floor of Chicago’s First National Bank downtown headquarters.

Obama disguised identity of Alinsky radical?

Obama, meanwhile, took his DCP job in 1985. In “Dreams from My Father,” Obama relates his first job in Chicago as a community organizer and claims the name of his boss at DCP was “Marty Kaufman.”

Kaufman, however, doesn’t exist. The DCP chief at the time was Marty Kellman, who was trained by Alinsky himself, as the book “The Manchurian President” documents.

Additionally, the DCP, with Obama as director, received two grants. One grant was for $40,000 in 1985 and another for $33,000 in 1986 from the Catholic Campaign for Human Development, a group that promoted Alinsky-style organizations.

Obama worked closely with Ayers

Working at the Chicago Annenberg Challenge in 1995, Obama had a close relationship with Ayers, according to the CAC’s own archived records. The records also show Obama’s and Ayers’ foundation granted money to radical leftist activist causes.

News reports, archived records, interviews and Ayers’ own curriculum vitae document that Ayers was the founder of the CAC, which billed itself as a school reform organization. Ayers also served as co-chairman of the Chicago School Reform Collaborative, one of the two operational arms of the CAC, from its formation in 1995 until 2000.

In 1995, Obama was appointed as the CAC’s first chairman.

In response to a query by National Review Online writer Stanley Kurtz, the Obama 2008 presidential campaign issued a statement claiming Ayers was not involved with Obama’s “recruitment” to the CAC board. The statement said Deborah Leff and Patricia Albjerg Graham, who served as presidents of other foundations, recruited Obama.

But Kurtz reviewed the CAC archives at the Richard J. Daley Library at the University of Illinois at Chicago, which houses CAC board meeting minutes and other documentation from the education foundation. He found that along with Leff and Graham, Ayers was in a working group of five people who assembled the initial board of the CAC, which hired Obama.

“Ayers founded CAC and was its guiding spirit. No one would have been appointed the CAC chairman without his approval,” Kurtz wrote in a Wall Street Journal opinion piece.

Indeed, several articles in 1994 and 1995 in the Chicago Tribune detailed Ayers’ extensive work to secure the original grant for the CAC from a national education initiative by Ambassador Walter Annenberg, as well as Ayers’ molding of the CAC guidelines. It would have been unusual for Ayers not to have been involved in the selection of Obama.

Kurtz reported that the CAC archives demonstrated Obama and Ayers worked as a team to further the foundation’s agenda. Obama was in charge of fiscal matters, while Ayers’ position was more concerned with shaping educational policy.

The documents showed Ayers served as an ex-officio member of the board that Obama chaired through the CAC’s first year. Ayers also served on the board’s governance committee with Obama, and worked with him to craft CAC bylaws, according to the documents.

Ayers made presentations to board meetings chaired by Obama. Ayers also spoke for the Chicago School Reform Collaborative before Obama’s board, while Obama periodically spoke for the board at meetings of the collaborative, the CAC documents reviewed by Kurtz show.

According to the documents, the CAC granted money to far-left causes, such as the now-defunct Association of Community Organizations for Reform Now, or ACORN, which, WND previously reported, had done work on behalf of Obama’s presidential campaign.

WND broke the story that while Obama chaired the board of the CAC, more than $600,000 was granted to an organization founded by Ayers and run by Mike Klonsky, a former top communist activist. Klonsky was leader of the Marxist-Leninist Communist Party, which was effectively recognized by China as the all-but-official U.S. Maoist party.

Confirms Kurtz: “Instead of funding schools directly, [the CAC] required schools to affiliate with ‘external partners,’ which actually got the money. Proposals from groups focused on math/science achievement were turned down. Instead CAC disbursed money through various far-left community organizers, such as ACORN.”

In 1995, the year Ayers founded the CAC, he gave an interview for author Ron Chepesiuk’s book “Sixties Radicals” in which Ayers stated, “I’m a radical, leftist, small ‘c’ communist.”

Kurtz notes that in his book “Teaching Toward Freedom,” Ayers states his goal is to “teach against oppression,” which Kurtz noted Ayers defines as “against America’s history of evil and racism, thereby forcing social transformation.”

The CAC, however, was not Obama’s only working relationship with the unrepentant terrorist, Ayers.

In a widely circulated article, WND first reported Obama served on the board of the Woods Fund, a liberal Chicago nonprofit, alongside Ayers from 1999 to Dec. 11, 2002, according to the Fund’s website. Tax filings show Obama received compensation of $6,000 per year for his service in 1999 and 2000.

The two appeared together as speakers at several public events, including a 1997 University of Chicago panel titled “Should a child ever be called a ‘super predator?’” and another panel for the University of Illinois in April 2002 titled “Intellectuals: Who needs them?”

Ayers has written about his involvement with the Weather Underground’s bombings of the New York City Police headquarters in 1970, the Capitol in 1971 and the Pentagon in 1972.

“I don’t regret setting bombs. I feel we didn’t do enough,” Ayers told the New York Times in an interview released – ironically – on Sept. 11, 2001.

“Everything was absolutely ideal on the day I bombed the Pentagon,” Ayers wrote in his memoirs, titled “Fugitive Days.” He continued with a disclaimer that he didn’t personally set the bombs, but that his group set the explosives and planned the attack.



To: Kenneth E. Phillipps who wrote (126810)3/20/2012 7:30:26 AM
From: lorne3 Recommendations  Respond to of 224720
 
REPORT: The Head Of Obama's Jobs Council Is Voting For Romney
Eric Platt|Mar. 19, 2012,
businessinsider.com


General Electric CEO Jeff Immelt, the head of President Obama's Jobs Board, plans to vote for Mitt Romney, Fox Business' Charles Gasparino reports (via Bloomberg).

If true, the news would represent a major embarrassment to the Obama administration, which had elevated Immelt in their pursuit of private sector employment growth.

Gasparino has not spoken with Immelt, but said sources close to the G.E. chief said he was leaving Obama's side.

The president named Immelt the head of his panel of economic advisers in January as a replacement to Paul Volcker, the former Federal Reserve chairman.

“The past two years was about moving our economy back from the brink,” Obama said when announcing the appointment. “Our job now is putting our economy into overdrive.”

Below, a tweet by Gasparino teasing the news ahead of the 1:30 announcement.



To: Kenneth E. Phillipps who wrote (126810)3/20/2012 6:56:39 PM
From: Ann Corrigan3 Recommendations  Read Replies (1) | Respond to of 224720
 
All with (D) beside their names---what a coincidence! HA!



To: Kenneth E. Phillipps who wrote (126810)3/20/2012 8:27:11 PM
From: lorne4 Recommendations  Respond to of 224720
 
ken...Does this mean that little timmy and buffet will go to jail? And this will sure thin out the democratic party ranks.

UPDATE 1-U.S. IRS forms 'SWAT team' for tax dodger crackdown
Tue Mar 20, 2012
reuters.com

* Tax evasion by 'transfer pricing' a top target for IRS

* Talent comes from Big Four audit, law, consulting firms

* 'The deck is stacked against them' - academic on IRS

By Patrick Temple-West

WASHINGTON, March 20 (Reuters) - The U.S. Internal Revenue Service is staffing up with high-powered talent to crack down on companies shifting profits from country to country to lower their tax bills, a strategy the agency has targeted before with only limited success.

The IRS showed its elevated concern on the issue, known as "transfer pricing," last May by hiring Samuel Maruca to fill the newly created post of transfer pricing director.

He has since brought aboard specialists from Big Four audit firms KPMG and Ernst & Young LLP, as well as law firm Mayer Brown and boutique consultancy Horst Frisch.

Maruca, who came from law firm Covington & Burling, is still recruiting. He told Reuters the agency previously had "had a difficult time attracting and retaining economists."

Now, he said, the IRS's international group "has significant external hiring authority."

Transfer pricing is a booming field of global tax law. It involves multinational corporations that are constantly moving goods, services and assets from one subsidiary to another in different countries and how they account for these "transfers."

By carefully manipulating the pricing of such moves, companies can effectively shift profits to low-tax countries from high-tax ones, lowering their overall tax costs.

Governments in the developing and developed world, many of them faced with crushing deficits, are working to curb transfer pricing because it reduces corporate tax revenues.

IRS Commissioner Doug Shulman made changes at the agency in mid-2010 that set the stage for bringing in Maruca, who has filled 40 positions so far and plans to bring on up to 60 more staffers.

The IRS, which employs 90,000 people, saw its budget cut by 2.5 percent by Congress for fiscal 2012 to $11.8 billion.

UNDERPAID AND OUT-GUNNED

Federal agencies often struggle to keep up with higher-paid private-sector professionals. The IRS is no exception and there is some skepticism about Maruca's chances.

"The economic crisis allowed the IRS to attract talented, experienced industry professionals who might not have been available previously," said ex-deputy IRS Commissioner Michael Dolan, now director of KPMG's Washington national tax practice.

"The $64,000 question is, what will be able to do ... and will he really have enough resources to change the game?"

To curtail tax avoidance through transfer pricing, governments seek to limit the ability of corporations to manipulate transfer prices. National laws, though variable from country to country, generally call for "arms-length" pricing.

In theory, that means corporations must set transfer prices that are at or near market level, not artificially raised or lowered. But enforcement is complex, especially for intangible assets, s uc h as search-engine algorithms or trademarks.

"The valuation problems are insurmountable," said Edward Kleinbard, a professor at the University of Southern California and former chief of staff at the Joint Committee on Taxation, which analyzes tax policy for the U.S. Congress.

"There are billion-dollar disputes on just the arms-length transfer pricing of intangibles."

In December, payment transfer firm Western Union Co announced it was part of a $1.2 billion transfer pricing settlement with the IRS for taxes owed from 2003 through 2011. The dispute included intangible property and trademark royalties.

IRS LAGS

By one measure of transfer pricing enforcement, the IRS lags behind tax treaty partners. In fiscal 2011, 85 percent of transfer pricing audit adjustments were initiated by a foreign country, rather than by the IRS, according to IRS statistics. That was up from 77 percent in fiscal 2010.

Two major transfer pricing court decisions went against the IRS in 2009 and 2010.

"Clearly, the IRS is trying to figure out what to do next on its litigation strategy in these important transfer pricing cases," said Eric Solomon, a director at Ernst & Young, who called Maruca's group a "SWAT team."

As the IRS raises its game, the pharmaceutical and high-tech sectors can expect close scrutiny, tax professionals said.

Businesses are sure to fight back. The IRS has ruffled feathers on transfer pricing before with limited results.

"Anybody who thinks the IRS can ultimately enforce transfer pricing is either an eternal optimist or delusional," said Richard Harvey, a tax professor at Villanova University and former senior adviser to the IRS's Shulman.

The staff changes and hiring at IRS "will help them on the margins," Harvey said. "But they're still fighting a very difficult battle where the deck is stacked against them."