Morning Reads for Tuesday, April 17th

April 17, 2012 5:26 am

by Jason · 29 comments

Happy Tax Day! (or something)

Here in Georgia…
– Rep. John Barrow has $1 million sitting in the bank.
– Are Atlanta police officers worried that the new Citizens Review Board director will be too transparent?
– Gov. Deal has signed off on the legislation requiring drug testing for benefits.
– A new survey from the Federal Reserve Bank of Atlanta shows that businesses in the Southeast are worried about inflation.
– Joanie Scott wonders why Henry County spent $500,000 on an empty bank building while at the same time threatening to layoff public safety workers.

National stories of interest…
– Gallup’s latest tracking poll shows Romney with a 2 point lead over Barack Obama.
– Romney’s team has started the search for a running mate.
– The Senate shot down the so-called “Buffett Rule” last night.
– Jonathan Hoenig explains that, despite Facebook’s recent purchase of Instagram, we will not see another tech bubble.
– Here’s a look at the top paid lobbyists in Washington.
– There is a “bagel tax” in New York?
– January 1, 2013 has been dubbed “Taxmageddon” due to the number of tax hikes set to take effect.
– Here’s the most recent list of congressional retirements.
– Obama’s numbers for April are down to Gerald Ford territory.
– Where do your tax dollars go?
– The Wall Street Journal says that North Korea’s fail missile launch may be a laughing matter, but our failed foreign policy towards the country isn’t.
– Tim Cavanaugh notes that the “profit” from TARP keeps getting smaller.
– $200k in stimulus money was spent to move a shrub out of the path of a highway project.
– Sen. Orrin Hatch (R-UT) is “doggone offended” by libertarians.
The Atlantic shows how we pay taxes in 11 charts.
– Activists are starting to speak out against CISPA, which they are dubbing to be next SOPA.
– Herman Cain’s rally on Capitol Hill yesterday was a bust.
– Rep. Barney Frank (D-MA) says he urged Obama not to pursue health care reform.
– Roger Clemens is set to be prosecuted for lying to Congress about steroid usage.
– Matt Welch gives five news reasons why the IRS is screwing over Americans.

A few that I like…
Mets: 6, Braves: 1
– The Braves will retire John Smoltz’s #29 and induct him into the team’s Hall of Fame on June 8th.
– Tupac is back! Well, sort of.
– Best Buy will close two stores in Georgia.
– A lost boy found his mother by using Google Earth.

Bridget April 17, 2012 at 8:57 am

I get that this is how it works, but it doesn’t make it right…

So – the gambling complex in Norcross with the shady lucrative contract? The Developer will be donating nine acres of land to the I-85 transit expansion. Folks on the Georgia Lottery Board have ties to the CID. While I don’t yet have confirmed connections, I’d say there are plenty of links to ARC.

http://norcross.patch.com/articles/gambling-complex-developer-promises-to-donate-land-for-transit

Bridget April 17, 2012 at 9:16 am

My apologies, Buzz – just saw that you posted this yesterday. Sorry for the stale info ;)

Buzz Brockway April 17, 2012 at 10:53 am

No worries. It’s an issue worth talking about.

kyleinatl April 17, 2012 at 9:26 am

The beginning of the end for Best Buy, good riddance frankly, what was once a good store has basically turned into Circuit City v.2…now, when we lose Barnes and Noble, then I’ll be a sad puppy. Amazing how some of us now lament losing the very retail chains that drove out smaller businesses in the first place…all in perspective I guess.

John Konop April 17, 2012 at 10:06 am

How I see the election:

Healthcare:

Romney knows that mandates and exchanges are the future and on this point he and Obama are about the same, setting aside the BS……… As far tackling the real cuts, changes……both are punting on the issue.

Budget/Taxes

This is tricky Romney slight edge on taxes but he will not fully commit to ending special interest write-offs and with lower flat rates( big edge if he did). On spending Romney wants to expand the military and punt on healthcare issues while cutting away at the crust of the budget. Obama is punting on healthcare cost, while not trimming the crust, yet is slightly for cutting back on the policemen of the world foreign policy.

Jobs:

Obama is slightly better on much needed infrastructure investment to keep up with the Jones ie China, Brazil………Romney is better on trade than Obama, yet can he control his own party. Obama and Romney are fairly similar on energy policy when you pull back the spin. Not a major difference other than Romney probably would be a better manager.

Social Issues:

Romney and Obama are fairly similar except Romney must play to his base, and they are way off………..

Immigration:

Both probably agree on a solution, but the base of the GOP does not allow Romney to sound rational.

When we cut through all the BS most issues are fought between the 45 yard lines. That is why this will be a close election and whoever wins, I do not see and real major changes and the polls will remain tight.

saltycracker April 17, 2012 at 10:50 am

George Soros is selling the “little difference” story. Obama has been very good at talking center-left and acting far left. Right now the Supreme Court may be in his way but that can change.

As long as the Feds print money the banks and treasury can use for little cost, we have an unlimited credit card to run on until…..the tax shock of 2013 hits and spending continues to go unabated.

Obama, if elected, will create a crisis of biblical proportions and use presidential directives to “fix” it.

Max Power April 17, 2012 at 10:57 am

Obama has been very good at talking center-left and acting far left.

Really where are these far left Obama policies?

caroline April 17, 2012 at 11:47 am

The GOP is so far right that anything Obama does is “far left” even though Obamacare is basically the same plan that the GOP proposed for years.

Dave Bearse April 17, 2012 at 2:58 pm

The GOP shares the “half life” characteristic of radioactive elements. It periodically sheds its left half adherents resulting increasing extremism.

That the GOP now thinks guys like Lugar and Hatch are too leftist and too bipartisan is the current measure of extremism and BINO, bipartisan in name only (a moniker unlike RINO in that it’s sought after with pride).

John Konop April 17, 2012 at 11:02 am

The Supreme Court has been protecting institutions/corporation/unions over the rights of the individual ie corporations are people, strip searches for traffic violations……….And as far as George Soros I am not sure what you are talking about. I am just dealing with reality, not talking points. You sound like you are way too caught up into a tribal fight rather than looking at the situation objectively.

Cassandra April 17, 2012 at 11:49 am

@Salty and John:

I cannot tell you how wrong I would like you both to be., so wrong. Absolutely Wrong. More wrong than right, wrong.

But alas, to the detriment of all, I concur.

We reap what we sow.

caroline April 17, 2012 at 11:49 am

Romney now supports the Dream Act so they probably are about the same on that account. The social issues are killing the GOP that’s for sure.

Three Jack April 17, 2012 at 3:10 pm

John, you could have made it a one line post — Obama, Romney…Romney, Obama — no difference.

caroline April 17, 2012 at 11:44 am

If Obama’s numbers are down to Gerald Ford’s, does that mean that Romney is the New Jimmy Carter?

Harry April 17, 2012 at 12:15 pm

Somehow I think Romney would be a better administrator than JC. Of course, in the last stages of the Roman Empire they were lucky to find even a good administrator. Anyway, I’m hoping Romney will apply his hedge fund cost-cutting tactics to the federal government. Please remember to tip the waitresses.

The Last Democrat in Georgia April 17, 2012 at 12:22 pm

I’d be very grateful if he could kind of get rid of or even reduce that small little thing that is the $16 TRILLION dollar national debt, $10 trillion of which has been run-up in the last eleven years.

caroline April 17, 2012 at 12:46 pm

Is Romney still proposing a war with Iran? He has been proposing increasing military spending so I don’t see how he’s going to get rid of the debt by doing that.

Harry April 17, 2012 at 1:08 pm

Is Obama still proposing a war with Iran? Just saying.

Cassandra April 17, 2012 at 1:35 pm

Not suggesting this is a good or bad project, the new Zumwalt Class destroyer, but they will get built, especially with Romney 4% bump to Defense spending.

https://www.google.com/search?q=zumwalt+destroyer+pictures&hl=en&safe=off&client=firefox-a&hs=d3X&rls=org.mozilla:en-US:official&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=yaiNT67LDIbMtgfz4o3tCw&ved=0CCQQsAQ&biw=1440&bih=721&sei=zKiNT7G5KoShtweet8DCCw

At $6BN a pop, that is one amazing ship. Put an electric rail gun on it, and by durn, even Popeye would tuck tail.

http://www.defenseindustrydaily.com/bae-producing-scaleddown-rail-gun-naval-weapon-01986/

Guns V. Butter in the 21st Century!

Cassandra April 17, 2012 at 12:14 pm

You know every once in awhile something so irrepressibly juicy comes across the ‘net…

“Cartagena didn’t benefit one cent from President Obama’s visit. All people remember are that the Secret Service agents slept with our prostitutes,” said a man who works in the neighborhood.”

http://news.yahoo.com/exclusive-secret-bragged-protecting-obama-while-partying-colombian-110143053–abc-news-politics.html

Fasten your seatbelts, my pretties, we are in for a long, hot, sweaty, Summer….

The Last Democrat in Georgia April 17, 2012 at 12:31 pm

““Cartagena didn’t benefit one cent from President Obama’s visit. All people remember are that the Secret Service agents slept with our prostitutes,” said a man who works in the neighborhood.””

NO…All that people remember is that Secret Service agents REFUSED TO PAY UP after sleeping with their prostitutes.

There’s always some irrational tightwad somewhere that spoils it for everyone else.

In this case, “everyone else” refers to horny government agents who love to partake in foreign prostitutes while supposedly making security arrangements in advance of a visit by the President of the United States.

Splendid.

Cassandra April 17, 2012 at 1:39 pm

As Harry said, “Please remember to tip your …..” Nobody likes a 55 minute cheap date.

The Last Democrat in Georgia April 17, 2012 at 2:27 pm

Tipping the waitresses…something that it appears that Tiger Woods also forgot to do.

The Last Democrat in Georgia April 17, 2012 at 12:18 pm

“- Obama’s numbers for April are down to Gerald Ford territory.”

But I was specifically told that there would be no math on this blog…

John Walraven April 17, 2012 at 12:32 pm

Congrats John Smoltz! Highly recommend attending the game. I lucked into being at Maddux’s retirement ceremony & then made it a point to be at Bobby’s and the Braves do it right. Get there early! You’ll be glad you went.

Three Jack April 17, 2012 at 3:06 pm

Tax day – more Americans are renouncing citizenship due to tax policy — http://www.reuters.com/article/2012/04/16/us-usa-citizen-renounce-idUSBRE83F0UF20120416

While not a mad rush, this does provide one more reason to scrap the current tax code in order to implement a less complicated system based on something other than income.

saltycracker April 17, 2012 at 3:32 pm

Taxing monetary exchanges with some category scale with a schedule that can be clearly and briefly outlined is a start. Genius is in simplicity.

If we have to tax income then it should be a flat tax or tax free, no exceptions or exemptions.
The best number I’ve seen is 10% starting at $1,000, you earn $1,000 in a year, you owe $100, you get $10 million you owe $1 million. Want to do a surcharge for some super earnings categories, ok. The super rich can hide hundreds of millions in tax free ROTH’s now, why ?

Right now the Feds want to hire more “police” and add tens of thousands more pages to regulations they can’t enforce. IRS, disability & medical fraud is an industry.

If we have to provide healthcare, buy a policy. Maybe they’ll lighten up on, say, providing every morbidly obese person a $12,0oo electric wheelchair and not get screwed out of a big percentage.

Cassandra April 18, 2012 at 9:38 pm

Salty!!!

How uncharacteristically unenlightened of you, “If we have to provide healthcare, buy a policy. Maybe they’ll lighten up on, say, providing every morbidly obese person a $12,0oo electric wheelchair and not get screwed out of a big percentage.”

Next we’ll go for those annoying hemophiliacs with their $100,000 per year fancy-schmancy biologic drugs. The nerve of those people!

Puh-lease. Do Better.

Harry April 19, 2012 at 12:46 am

Just let it be paid for with other peoples’ money or our children’s money, if they have any money to pay.

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