Obama Fundraising Oddly Similar to Dem Tax Plan

August 1, 2012

“Surprise,” Says Obama Campaign, “I’m Here to Ask You for Money”

President Obama’s re-election campaign sent out a curious new fundraising appeal this week, telling supporters, “Yep, me again. Surprise: I’m here to ask you for money.”
Democrat donors at least get the courtesy of being asked for more cash, unlike the families and small businesses who Democrats want to force to pay more taxes in order to feed the Democrats’ spending addiction.
The Democrats’ spendthrift habits have affected not only the waste of taxpayer dollars, but even Obama’s own re-election campaign, which was recently criticized for excessive spending.

President Obama’s re-election campaign sent out a curious new fundraising appeal this week, telling supporters, “Yep, me again. Surprise: I’m here to ask you for money”:

OBAMA CAMPAIGN: “YEP, ME AGAIN. SURPRISE: I’M HERE TO ASK YOU FOR MONEY.” (Ann Marie Habershaw, “Surprise!,” Obama for America Blog, 7/30/2012)

Democrat donors at least get the courtesy of being asked for more cash, unlike the families and small businesses who Democrats want to force to pay more taxes in order to feed the Democrats’ spending addiction:

TAXMAGEDDON WILL COST AVERAGE FAMILY $4,138 IN 2013: (“Taxmageddon Costs Average Family $4,138 Next year,” The Heritage Foundation, 6/14/2012)

TAX HIKE WOULD BE A $201 BILLION HIT TO THE ECONOMY: (Robert Carroll and Gerald Prante, “Long-Run Macroeconomic Impact of Increasing Tax Rates on High-Income Taxpayers in 2013,” Ernst & Young, July 2012, Appendix C)

710,000 JOBS COULD BE DESTROYED BY DEMOCRATS’ TAX HIKE PLAN: (Robert Carroll and Gerald Prante, “Long-Run Macroeconomic Impact of Increasing Tax Rates on High-Income Taxpayers in 2013,” Ernst & Young, July 2012, Appendix C)

1.8% DROP IN WAGES: “Real after-tax wages would fall by 1.8%, reflecting a decline in workers’ living standards relative to what would have occurred otherwise.” (Robert Carroll and Gerald Prante, “Long-Run Macroeconomic Impact of Increasing Tax Rates on High-Income Taxpayers in 2013,” Ernst & Young, July 2012)

JOINT COMMITTEE ON TAXATION: 940,000 SMALL BUSINESSES TO GET HIT BY DEMOCRATS’ LATEST TAX HIKE: “Congress’s Joint Tax Committee—not a conservative outfit—estimates that in 2013 about 940,000 taxpayers will have enough business income to meet Mr. Obama’s tax increase threshold.” (Editorial, “Off the Tax Cliff He Goes,” The Wall Street Journal, 7/10/2012)

MORE THAN HALF OF NET BUSINESS INCOME WILL BE HIT BY HIGHER TAX RATES UNDER OBAMA PROPOSAL: “And of the roughly $1.3 trillion in net business income, about 53% will get hit with the higher tax rates. This is because millions of businesses report their income as sole proprietors and subchapter S corporations that file under the individual tax code.” (Editorial, “Off the Tax Cliff He Goes,” The Wall Street Journal, 7/10/2012)

OBAMA’S NEW TAX HIKE WOULD HAVE SOME SMALL BUSINESSES PAYING HIGHER TAX RATES THAN GENERAL ELECTRIC AND J.P. MORGAN: “So Mr. Obama wants these businesses to pay higher tax rates than the giant likes of General Electric or J.P. Morgan. Does that qualify as ‘tax fairness’?” (Editorial, “Off the Tax Cliff He Goes,” The Wall Street Journal, 7/10/2012)

DEMS’ SPENDING ADDICTION IS THEIR TOP PRIORITY, BUT VOTERS JUST WANT JOBS:

GALLUP: TOP PRIORITIES FOR AMERICANS ARE “CREATING GOOD JOBS,” “REDUCING CORRUPTION” AND “REDUCING THE FEDERAL BUDGET DEFICITS”: (Jeffrey M. Jones, “Americans Want Next President to Prioritize Jobs, Corruption,” Gallup, 7/30/2012)

INCREASING TAXES RANKS AS THE SINGLE LOWEST PRIORITY: (Jeffrey M. Jones, “Americans Want Next President to Prioritize Jobs, Corruption,” Gallup, 7/30/2012)

EVEN AMONG OBAMA SUPPORTERS, INCREASING TAXES RANKS AS THE LOWEST PRIORITY: (Jeffrey M. Jones, “Americans Want Next President to Prioritize Jobs, Corruption,” Gallup, 7/30/2012)

The Democrats’ spendthrift habits have affected not only the waste of taxpayer dollars, but even Obama’s own re-election campaign, which was recently criticized for excessive spending:

“OBAMA’S BURN RATE WORRIES SOME DEMOCRATS”: (Peter Nicholas and Danny Yadron, “Obama’s Burn Rate Worries Some Democrats,” The Wall Street Journal, 7/22/2012)

“SOME DEMOCRATS WORRY THAT” OBAMA CAMPAIGN’S SPENDING “WILL PROVE IMPOSSIBLE TO SUSTAIN”: (Peter Nicholas and Danny Yadron, “Obama’s Burn Rate Worries Some Democrats,” The Wall Street Journal, 7/22/2012)

“OBAMA EFFORT SPENDS MORE IN JUNE THAN IT TAKES IN”: (Jack Gillum and Jim Kuhnhenn, “Obama Effort Spends More in June than it Takes in,” Associated Press, 7/21/2012)

OBAMA CAMPAIGN PUTS A BIG BET…ON SOUTH CAROLINA? 8 STAFF WERE ON PAYROLL IN SC: “Dick Harpootlian, chairman of the South Carolina Democratic Party, said the campaign has had as many as eight or nine people working in his state, even though South Carolina is considered a strong bet for Mr. Romney. The Obama campaign says it has four paid field staff based in South Carolina and that they also perform campaign work in North Carolina, which is expected to be hotly contested.” (Peter Nicholas and Danny Yadron, “Obama’s Burn Rate Worries Some Democrats,” The Wall Street Journal, 7/22/2012)

REPUBLICANS SURPASS OBAMA IN CAMPAIGN FUNDS ON HAND DUE TO DEM SPENDING ADDICTION: (Aaron Blake, “Romney Laps Obama in Campaign Cash,” The Washington Post, 7/20/2012)

JUST LIKE DEMOCRATS WANT TO CONTINUE THEIR SPENDING SPREE AT THE NATIONAL LEVEL:

WHITE HOUSE: “WEAK RECOVERY SHOWS STATE GOVERNMENTS NEED MORE ECONOMIC STIMULUS”: (Joel Gehrke, “WH: Weak Recovery Shows State Governments Need More Economic Stimulus,” The Washington Examiner, 7/27/2012)

U.S. IS ON TRACK FOR FOURTH STRAIGHT YEAR OF TRILLION-DOLLAR DEFICITS: “The U.S. budget deficit grew by nearly $60 billion in June, remaining on track to exceed $1 trillion for the fourth straight year.” (“U.S. Government Records $904.2B Deficit Through June,” Associated Press, 7/12/2012)

$5.25 TRILLION INCREASE IN NATIONAL DEBT SINCE OBAMA TOOK OFFICE: (“The Daily History of the Debt Results,” Bureau of the Public Debt, Accessed 7/30/2012)

THREE YEARS AND TWO MONTHS OF OBAMA IS MORE DEBT THAN EIGHT YEARS OF PREDECESSOR: “The National Debt has now increased more during President Obama’s three years and two months in office than it did during 8 years of the George W. Bush presidency.

“The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.” (Mark Knoller, “National Debt Has Increased More Under Obama than Under Bush,” CBS News, 3/19/2012)

POLITIFACT SAID LAST YEAR THAT OBAMA WAS THE “UNDISPUTED DEBT KING OF THE LAST FIVE PRESIDENTS”: “Obama is the undisputed debt king of the last five presidents, rather than the guy who added a piddling mount to the debt.” (Louis Jacobson, “Nancy Pelosi Posts Questionable Chart on Debt Accumulation by Barack Obama, Predecessors,” Politifact, 5/19/2011)

OBAMA RECORD “THE MOST RAPID INCREASE IN THE DEBT UNDER ANY U.S. PRESIDENT”: (Mark Knoller, “National debt has increased $4 trillion under Obama,” CBS News’ Political Hotsheet Blog, 8/22/2011)