Basically I am tired of being told, and it being misrepresented around the world that the Republican Party is for the rich. That does seem to be the message driven out there.
Obviously there is another message for all to see, and it is also put out there, but no one makes the connection. Just only need to open your mind and scan the headlines…the way of living of the other party and the Obama administration and family would suggest the Dems are all about the rich and seem to be living like kings unlike any other president I can recall, and still have the nerve to suggest they are there for the poor working class. I am not fooled by their public attacks on the hardworking prosperous people of this nation, while they give their rich friends tax breaks, well gee, for those who even PAY taxes.
The hypocrisy of the Obama administration is off the charts. They beg for money, even tell people not to accept wedding presents, to have that money donated to their campaign, they take lavish vacations, they hold swank dinners, they GOLF incessantly,they hob nob with Hollywood, they point fingers everywhere, while doing the same thing they accuse others of.
For example, outsourcing. This has been a big campaign topic from the Obama’s team criticizing Mitt Romney.
One of the largest donors to the pro-Obama Super PAC Priorities USA is the founder and former CEO of a company that pioneered the practice of shipping work overseas.
Dr. Irwin Jacobs, who founded the telecommunications firm Qualcomm in 1985 and served as chairman and CEO until March 2009, gave $2 million to Priorities USA in June, according to the Center for Responsive Politics.
Jacobs has personally donated more than $370,000 to Democratic candidates and committees since 2007, including nearly $12,000 to President Obama.
His net worth is estimated at almost $2 billion.
His son Paul, who is also a prominent supporter of the Democratic Party, succeeded Jacobs as CEO. Paul has donated more than $62,000 to Democratic candidates and committees since 2007, including $5,000 to Obama.
Qualcomm has enjoyed substantial success over the past several years while it has dramatically expanded its operations overseas.
During that same period, the San Diego-based firm increased its number of properties owned or leased outside the United States from 70 to 99, according to documents filed with the Securities and Exchange Commission. During that time, the company pared down its U.S. property holdings from 76 to 73.
Qualcomm announced in 2011 that it planned to invest $1 billion to build a massive manufacturing facility in Taiwan. The move was unsurprising, given that the company generates most of its revenue overseas, particularly from sales in South East Asia.
Like a number of U.S.-based corporations, Qualcomm has substantial cash holdings in offshore accounts. As of 2012, the company had about $16.5 billion in offshore cash.
President Obama has accused his Republican challenger Mitt Romney of promoting the “outsourcing” of American jobs and wanting to “give tax breaks to companies who are shipping jobs overseas.”
“I’m a big proponent of insourcing,” the president said at a fundraiser in Oakland on Monday. “I want to end these tax breaks and start rewarding companies that create jobs right here in Oakland, right here in the United States, making products that we sell around the world, stamped with three proud words: Made in America.”
The Obama campaign did not respond to requests for comment.
Qualcomm supports a largely Republican effort to allow U.S.-based corporations to reinvest their foreign cash back home, an effort the president has opposed.
GOP lawmakers have been calling for a temporary tax break for businesses that reinvest foreign-earned assets in the United States, which they say will provide a much-needed boost for the sluggish economic recovery. This so-called “repatriation tax holiday” could add nearly 3 million jobs to the economy, according to a study by the U.S. Chamber of Commerce.
Prominent Democrats such as Bill Clinton and Rahm Emanuel have also backed the concept of a tax holiday.
Paul Jacobs of Qualcomm has said it “could be a great stimulus.” William Bold, the company’s senior vice president of government affairs, has criticized Democrats for “clinging to misguided arguments” against the proposal.
“The point is, repatriation is no longer an imperative for corporations such as ours,” he wrote on the company’s website. “Without a dramatically reduced tax rate … repatriation simply will not happen. Much of the nearly $1 trillion held by American companies will sit offshore, or be invested in foreign ventures. How is that scenario a win for American taxpayers?”
Many blame the reluctance of corporations to repatriate their offshore assets on the U.S. corporate tax rate, which is the highest in the world. House Republicans have proposed lowering the rate on repatriated profits from 35 percent to as low as 5.25 percent.
The Obama administration, however, has opposed the Republican effort, saying it would only consider the issue of repatriation in the context of comprehensive tax reform.
The president has not seriously engaged Congress on the issue of tax reform since taking office.
Republicans cite the president’s failure to do so as one of several examples of how his policies have “shipped the recovery overseas.”
Obama’s own record of outsourcing is extensive. His Department of Energy, through its clean energy loans program, has awarded billions of dollars in taxpayer financing to foreign-owned companies and firms that manufacture their products overseas.
As the Free Beacon reported in June, the Obama administration is using prison labor to assemble solar panels manufactured in Taiwan, despite claiming the panels are “domestically sourced and produced.”
The Obama campaign also has contracts with foreign telemarketing firms.
The Jacobs are joined by a host of other prominent Obama donors engaged in the practice of shipping work outside the country.
Lawmakers were shocked to learn earlier this month that the United States’ Olympic team uniforms were made in China. Ralph Lauren, who heads the company that made the uniforms, has given $7,300 to Obama and more than $35,000 to Democratic National Committee (DNC) since 2008.
DNC communications director Brad Woodhouse did not return a request for comment
President Obama rubbed elbows Monday night with two men at the center of the Solyndra loan scandal at an exclusive fundraiser in California.
Steve Westly, a financier whose money-raising prowess helped to snag him a post on the administration’s energy advisory board, and Matt Rogers, a former Energy Department senior adviser who helped to approve the Solyndra loan, were spotted by reporters at the $35,800-per-person fundraiser for the president’s re-election campaign.
Mr. Westly sent warnings to the president not to attend an event at Solyndra’s headquarters in the Bay area because of shaky finances at the solar energy company, which had received a fast-tracked $535 million federal loan guarantee in 2010 as part of the administration’s economic stimulus program. Mr. Rogers was partly responsible for overseeing stimulus awards at the Energy Department.
They were among about 60 wealthy donors who attended the fundraiser at the swanky home of progressive activist Quinn Delaney and real estate developer Wayne Jordan, a big Obama bundler, in Piedmont, Calif., near Oakland.
Reporters traveling with the president saw Mr. Westly juggling lemons, entertaining kids at the party. He was seated later at one of the tables farthest from the president as he spoke.
Mr. Obama stayed away from any discussion of alternative energy at the fundraiser, except to say that his re-election would ensure that the government promotes “smart regulations … that are going to deal with issues like climate change.”
Republicans, including presidential candidate Mitt Romney, have attacked the administration’s support of the Solyndra loan and other stimulus programs as examples of Mr. Obama’s “crony capitalism.” The solar-energy start-up firm later went bankrupt.
“The Obama Administration betrayed American taxpayers when it dumped hundreds of millions of public dollars into Solyndra while ignoring clear warnings about the company’s dire financial situation,” Romney campaign spokesman Ryan Williams said in a statement.
“President Obama’s first term worked out well for his donors who got special access and taxpayer money for their failed ventures. It hasn’t worked as well for the 23 million Americans struggling for work in the worst economic recovery our country has ever had.”
So please, get some honest reporting and representation. Democrats LOVE, USE, PLAY WITH, and are in CAHOOTS with the rich. Pure and simple.