“I have a job to do as president, and that does not involve convincing folks that my faith in Jesus is legitimate and real. I do my best to live out my faith, and to stay in the Word, and to make my life look more like His. What I can do is just keep on following Him, and serve others—trying to make folks’ lives a little better using this humbling position that I hold.”—From the Politico article: Obama Talks About His Faith.
“Four years after the Lehman Brothers crisis, housing finance remains a mess. But the Trouble Asset Relief Program (TARP), the crisis-era measures aimed at saving the banks, stabilizing credit markets, and preventing the auto companies and the insurer AIG from plunging into liquidation, have largely succeeded. And at a very low cost to the taxpayer. By and large, the recipients of cheap government capital have returned the cash they took – and with interest. The central component of TARP was the Capital Purchase Program, in which Treasury bought interest-yielding preferred shares in banks and received warrants in return. Here is the latest daily TAPR update. Between the CPP and extra aid given to Citigroup and Bank of America, Treasury put $245.1 billion into banks. So far, those recipients have returned $231.11 billion of that capital. Add in dividends ($15.2 billion), proceeds from the sale of warrants ($9.19 billion), and cash raised from selling Citigroup and Bank of America stock ($9.36 billion), and the taxpayers have received a total of $264.86 billion back. That’s a profit of nearly $20 billion.”—From Daniel Gross’s Bailout Programs Return $1.5 Billion from the Daily Beast.
Under Paul Ryan’s plan, Mitt Romney wouldn’t pay any taxes for the next ten years — or any of the years after that. Now, do I know that that’s true. Yes, I’m certain.
Well, maybe not quite nothing. In 2010 — the only year we have seen a full return from him — Romney would have paid an effective tax rate of around 0.82 percent under the Ryan plan, rather than the 13.9 percent he actually did. How would someone with more than $21 million in taxable income pay so little? Well, the vast majority of Romney’s income came from capital gains, interest, and dividends. And Ryan wants to eliminate all taxes on capital gains, interest and dividends.
In 2009, as Rep. Paul D. Ryan was railing against President Obama’s $787 billion stimulus package as a “wasteful spending spree,” he wrote at least four letters to Obama’s secretary of energy asking that millions of dollars from the program be granted to a pair of Wisconsin conservation groups, according to documents obtained by the Globe.
The advocacy appeared to pay off; both groups were awarded the economic recovery funds — one receiving a $20 million grant to help thousands of local businesses and homes improve their energy efficiency, agency documents show.
Ryan’s letters to the energy secretary praising the energy initiatives as he sought a portion of the funding are in sharp contrast to the House Budget Committee chairman’s image as a Tea Party favorite adamantly opposed to federal spending on such programs.
”—Whatever lack-of-shame disease Mitt Romney has is apparently communicable, because Paul Ryan’s got it.
“If you simply average all the data that post-dates the unveiling of Mr. Ryan as Mr. Romney’s running mate, we’re getting largely the same story that we did on Tuesday. Mr. Romney has gained a net of one point, on average, in the eleven polls conducted wholly or partially after his announcement of Mr. Ryan, compared to the prior renditions of the same surveys in the same states. This is a below-average “bounce” for the selection of a vice presidential candidate; in past elections, the bounce has averaged in the neighborhood of 4 percentage points instead.”—From Nate Silver’s piece in the New York Times: Aug. 15: To Bounce, or Not to Bounce.