NOVEMBER 3, 2011
BRUCE A. BRENNAN BLOG FROM THE WORLD AND MY MIND
The news as I see it and the views as I want them.
November 3 is … Sandwich Day and Housewife's Day
Hey honey, how about you making me a ham sandwich? Heather, get used to that request from Ross because, against all evidence, he will think he is the boss.
I will likely be absent on Sunday or at least the column will be posted early.
Herman Cain is defending himself against more accusations of sexual harassment. As I predicted earlier, more will come out. The tally is now three. Cain is responding that he does not recall. We cannot elect a President that cannot remember important events from 10 to 15 years ago. President Reagan tried this but he was out of office, in his 80s and ill. It did not really work for him; it will not work for Cain.
Obama and the Occupy “Some Place” crowd are getting their way. A recent study shows that from 2008, when Obama took office through 2010, while Obama is still in office, the number of millionaires has been reduced by over 40%.
Are the poor any better off? Is the middle-class any better off? Redistribution of the wealth from those that earned it and therefore deserves it surely is not working. I do not think so. Everyone is worse off since Obama took office except perhaps some Wall Street types.
According to the IRS, the IRS released more detailed tax data for 2009, and reports the decline of the taxpaying rich.
In 2007, 390,000 tax filers reported adjusted gross income of $1 million or more and paid $309 billion in taxes. In 2009, there were only 237,000 such filers, a decline of 39%. Almost four of 10 millionaires vanished in two years, and the total taxes they paid in 2009 declined to $178 billion, a drop of 42%.
Those with $10 million or more in reported income fell to 8,274 from 18,394 in 2007, a 55% drop; as a result, their tax payments tanked by 51%. These disappearing millionaires go a long way toward explaining why federal tax revenues have sunk to 15% of GDP in recent years. The loss of millionaires accounts for at least $130 billion of the higher federal budget deficit in 2009. If Warren Buffett wants to reduce the deficit, he should encourage policies to create more millionaires, not campaign to tax them more.
Here it comes. Herman Cain has played the race card. He says race plays a part in the sexual harassment accusations against him. He apparently misses the obvious fact that when the accusations were made, he was not running for President. Nobody cared who he was. Soon, no one will care again.
GOP presidential candidate Herman Cain fielded questions during multiple Fox News interviews on Tuesday night, appearing on "Special Report With Bret Baier" as well as "The O'Reilly Factor." During his interview on "Special Report," Washington Post columnist Charles Krauthammer asked Cain whether he believes race played a role in the accusations leveled against him:
Krauthammer: "Do you think that race or being a strong black conservative, has anything to do with the fact that you've been so charged, and if so, do you have any evidence to support that?"
Cain: "I believe the answer is yes, but we do not have any evidence to support it. But because I am an unconventional candidate running an unconventional campaign and achieving some unexpected, unconventional results in terms of the poll, we believe that, yes, there are some people who are Democrats, liberals, who do not want to see me win the nomination. And there could be some people on the right who don't want to see me because I'm not the quote-unquote 'establishment' candidate. No evidence."
Krauthammer pressed Cain further on the race issue in order to get a more definitive response. Cain responded that the left side of the political spectrum might be more racially driven than the right. "Relative to the left, I believe that race is a bigger driving factor. I don't think it's a driving factor on the right. This is just based upon our speculation," explained Cain.
Just a couple of thoughts I had and you should too or at least think about.
BRUCE A. BRENNAN
DEKALB, IL 60115
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Holmes the Ripper
A Revengeful Mix of Short Fiction
"Progress, far from consisting in change, depends on retentiveness. Those who cannot remember the past are condemned to repeat it." - George Santayana