Email letters, Oct. 8, 2012

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The on-line letters from Creighton Bricker – “Are there more lemmings on the left or right”? (October 8, 2012) – and Richard Blosser—“Celebrity-in-Chief running country” (October 8, 2012); “It’s time for America to have a true leader” (October 3, 2012) ring hollow given Romney’s lie-a-minute factual distortions – because we already have one.

Defined objectively, our foreign policy was “a shambles” when President Obama took office.  Our international standing and moral leadership were at their nadir because of Bush’s false-pretensed invasion of Iraq and “cowboy” incompetence of his “Neo-Con” advisers.  President Obama concluded that war, is ending another, and delivered “red, white, and blue” justice to Bin Laden.

Defined objectively, our economy was already a “mess” when candidate Obama first appeared in Grand Junction on September 15, 2008 – the day Lehman Brothers collapsed.  After meeting with President Bush, John McCain, and their respective advisers the next week, “insiders” concluded that McCain “didn’t have a clue” as to how to address the impending collapse of our economy – but Senator Obama did.

After his inauguration, President Obama completed Bush’s TARP to prevent financial meltdown and saved the auto industry (ignoring Romney’s “experience”), reversed and began offsetting the massive job losses precipitated by the Bush recession,  (see Daily Sentinel, October 6, 2012, “Theorists claim jobless rate drop is number crunch”), and thereby induced stock markets to restore much of the lost value of IRAs and other invested pension plans.  Meanwhile, the housing market continues to slowly recover.

Consequently, ossified “conservatives” like Bricker and Blosser now resort to trivia to satisfy their anti-Obama obsession – diminishing his accomplishments as “celebrity”. 

As exemplified byn his historic appearance here on August 15, 2009, President Obama also courageously “led from the front” on the biggest albatross still dragging down our economic competitiveness – the exorbitant cost of our inadequate health care “system”. 

Therefore, President Obama has earned re-election.

                Bill Hugenberg

Contrary to Russel Keith’s on-line letter – “Rich ante up fair share of income tax revenues” (October 8, 2012) – do not “ante up a fair share of income tax revenues”.

First, the Organization for Economic Co-operation and Development bases its analysis of comparative tax structures on the nominal tax rates published by each country’s taxing authority, not on the effective rates actually paid.  As evidenced by Mitt Romney’s 2011 federal income tax return, there can be a far cry between the nominal rate (about 25%) and the actual rate (about 14%), and the latter is also subject to elaborate manipulation (Romney could have paid only about 9%) using tax shelters, self-loans, etc..

Second, even if it is true that the “U.S. has the most progressive tax system in the world”, there is nothing “stupid” about the “idea” – which was championed by Republican icon (and closet “Marxist”) Teddy Roosevelt beginning in 1910.

Rather, the progressive income tax is eminently practical, because “that’s where the money is”.  Moreover, if it were really true that the rich “pay between 40 and 60 percent of their income to government”, our budgetary/debt problems would be insignificant.  In fact, the top marginal tax rates – both actual and effective – are at their lowest since 1930.

Thus, as a matter of “fairness”, because the wealthy benefit disproportionately from the “ordered society” (“rule of law”, etc.) paid for with tax dollars, so too should they pay disproportionately more for that privilege.  How much more is a matter of politics.

Keith also forgets that the U.S. expends more on national defense than the rest of the world combined.  As evidenced by Mitt Romney’s plan to increase defense spending by another $2 trillion over the next ten years, both the already wealthy—and would-be-wealthy defense contractors—will benefit disproportionately from needless “over kill”. 

                Bill Hugenberg

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