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Updated 4 p.m. ET — Republican presidential nominee Mitt Romney's campaign doubled down on its assertion about auto industry jobs moving to China with a new radio ad in northwest Ohio.
A Romney for president ad airing on Toledo, Ohio's classic rock station, WXKR, strongly insinuates that President Barack Obama's 2009 bailout of the auto industry has led to jobs shifting from the United States to China.
The narrator in the ad says:
Barack Obama says he saved the auto industry. But for who? Ohio or China? Under President Obama, GM cut 15,000 American jobs, but they are planning to double the number of cars built in China which means 15,000 more jobs for China. And now comes word that Chrysler plans to start making Jeeps
is starting to build carsin, you guessed it, China. What happened to the promises made to autoworkers in Toledo and throughout Ohio? The same hard-working men and women who were told that Obama’s auto bailout would help them. Mitt Romney grew up in the auto industry. Maybe that’s why the Detroit News endorsed him saying ‘Romney understands the industry and will shield it from regulators who never tire of churning out new layers of mandates. Mitt Romney – he’ll stand up for the auto industry. In Ohio, not China.
The radio spot follows a TV controversial ad playing to fears that Chrysler had plans to move production of Jeeps from the U.S. to China. Romney and other Republicans had previously given voice to errant reports suggesting such a shift, though those original reports referred only to capacity for production of vehicles in China for sale in China.
The TV ad drew extensive coverage in the media for its suggestion that Jeep was moving jobs to China at the expense of positions in the United States. Toledo, a prime swing territory in the battleground state of Ohio, is home to a major Jeep production facility.
The radio spot goes a step further in stoking fears that U.S. production of Jeeps would be moved offshore to China.
As First Read wrote on Monday, this series of ads — running during the closing days of the campaign — mark an effort by Romney to re-frame his opposition to the auto industry bailout and defend himself from Obama's attacks on the issue.
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, Bloomberg News reported that Fiat "is considering building Chrysler models in Italy, including Jeeps, for export to North America." Today, that news became real when company CEO Sergio Marchnionne announced, in Bloomberg's words (in paragraph 6, subtitled "Italy's Jeep"), that it will "build a small Jeep in Italy for export beginning in 2014 ... a new model for Europe and the U.S. that isn't currently in production."
Of course, today's Bloomberg report led with Marchionne's clever denial about the company's plans for manufacturing in China: "Jeep production will not be moved from the United States to China." No, he has instead set the stage for newer Jeep models exported to the U.S. to gradually supplant older models made in the U.S. over several years. This should be an embarrassment to those who engineered the Obama administration's bailout of Chrysler in 2009, ripping off secured creditors in the bankruptcy process and thereby giving Fiat a larger initial share of the company than it deserved. But don't worry, Colleen Barry at the Associated Press is there with vague language to ensure that this news doesn't become general knowledge (bold is mine):
FIAT PLANS TO LAUNCH 17 NEW CARS IN EUROPE BY 2016
Fiat CEO Sergio Marchionne says he will ramp up production of the Maserati, Alfa Romeo and Jeep brands in Europe by 2016 to put idled Italian plants back to work.
A new industrial plan for Fiat, which controls Chrysler, announced Tuesday foresees the launch of 17 new car models from Italy from 2013 to 2016.
Marchionne told analysts that the focus is on luxury brands Maserati and Alfa Romeo because they have high enough margins to generate profits as exports. The plan includes a smaller Jeep aimed primarily at Europe.
It's also "aimed" at North America, but Colleen chose not to inform readers of that inconvenient fact.
The reelection campaign of Barack Obama is beating up on Mitt Romney over China, while the beneficiary of administration's 2009 largesse is quietly moving production of Chrysler's new generation of its signature vehicle overseas. The AP's Barry is shamefully helping to keep it quiet.
Read more: #ixzz2AsbEClMR
2014 Jeep Compass / Patriot Replacement Spy Photos
A single Fiat-based CUV will replace the lackluster Jeeps.
October 2011
BY JON YANCA
MULTIPLE PHOTOGRAPHERS
If you think the legion of Alfa Romeo Giulietta–based mules we've seen running around is getting a bit tiresome, well, we sort of feel the same way, too. Almost daily, our inboxes get fat with photo sets of one matte-black prototype or another, cut, chopped, and resized in a dozen different ways. But there's a good reason the hatchback keeps popping up: Its next-gen bones will serve as the basis for Chrysler's crucial small-car overhaul. The compact cavalry includes a Caliber-replacing sedan for Dodge and the Jeep seen here, which will put the unloved Patriot and Compass out to pasture.
With its jacked-up ride height signaling Jeep-y intentions, the mule's Giulietta body is merely an exterior shell covering a newly embiggened Fiat platform known as "Compact Wide." (It's based on the Giulietta's current C-Evo architecture; our sources indicate that C-Wide adds roughly two inches of width.) This particular mule is likely the front-drive version of the compact Jeep, as the photos show no evidence of drive components for the rear wheels. All-wheel drive is certainly in the plans for the Compass/Patriot replacement, however: Jeep chief Mike Manley has stressed that the brand's future vehicles will be offered in both efficient on-road—in this case, FWD—and focused off-road versions.
Due out sometime in 2013—probably as a 2014 model—this Jeep is currently tapped for production alongside an Alfa version in the Mirafiori plant in Turin, Italy, although fluctuating exchange rates and assembly costs could easily change those plans. It's too early to know exactly what will power the CUV, but you can expect a small four-cylinder featuring Fiat's MultiAir tech and possibly a turbocharger—the Fiat 500's 1.4-liter can whip up as much as 170 hp in turbo guise. Alfa's new 1.8-liter turbo four is another possibility, while the automatic transmission is likely to be a ZF-designed nine-speed unit. Whatever the details, we think can say one thing for certain: The final result can't possibly be worse than the Compass or Patriot.
he is ether stupid or lying .if he can't get this right ,how bad would he screw up some thing more crucial.
They are hiding Mr. Bean/Ryan.
They know he spills the beans on what they really want to do to the 99 percent.
Sybil Romney the Scarey Choice
More lies from Romney . Hardly a surprise . How can people believe any of his statements when there is proof that he is a liar . Once a liar always a liar . Blatant lies from one who wants to be the president of the U.S. ? How can he insult the office of the presidency like that and not arouse our ire ? The lack of integrity by the Romney campaign has tainted the Reps for decades . How can you believe anything they say ?
Romney is a firm believer that if he tells a lie so many times then it will become a fact. This A-hole never surprises me as how low he can go. This man is no Christian, he's closer to Adolph...
***
"I happen to be a proponent of a single-payer universal health care program"—Illinois state Sen. Barack Obama, June 2003.
"I have not said that I was a single-payer supporter"—President Obama, August 2009.
***
"Leadership means that the buck stops here. . . . I therefore intend to oppose the effort to increase America's debt limit"—Sen. Barack Obama, March 2006.
"It is not acceptable for us not to raise the debt ceiling and to allow the U.S. government to default"—President Obama, July 2011.
***
"I favor legalizing same-sex marriages, and would fight efforts to prohibit such marriages"—Obama questionnaire response, 1996, while running for Illinois state Senate.
"I believe marriage is between a man and a woman. I am not in favor of gay marriage"—Sen. Obama, November 2008, while running for president.
"It is important for me to go ahead and affirm that I think same-sex couples should be able to get married"—President Obama, May 2012.
***
"We have an idea for the trigger. . . . Sequestration"—Obama Office of Management and Budget Director Jack Lew in 2011, as reported in Bob Woodward's "The Price of Politics."
"First of all, the sequester is not something that I've proposed. It is something that Congress has proposed"—President Obama, October 2012.
***
"If I am the Democratic nominee, I will aggressively pursue an agreement with the Republican nominee to preserve a publicly financed general election"—Sen. Obama, 2007.
"We've made the decision not to participate in the public financing system for the general election"—Sen. Obama, June 2008.
***
"I will never question the patriotism of others in this campaign"—Sen. Obama, June 2008.
"The way Bush has done it over the last eight years is . . . [he] added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back. . . . That's irresponsible. It's unpatriotic"—Sen. Obama, July 2008.
"I don't remember what the number was precisely. . . . We don't have to worry about it short term"—President Obama, September 2012, on the debt figure when he took office ($10 trillion) and whether to worry about today's $16 trillion figure.
***
"[Sen. Hillary Clinton believes] that . . . if the government does not force taxpayers to buy health care, that we will penalize them in some fashion. I disagree with that"—Sen. Obama, Jan 2008, opposing the individual mandate for health insurance.
"I'm open to a system where every American bears responsibility for owning health insurance"—President Obama, June 2009, supporting the individual mandate.
***
"Instead of celebrating your dynamic union and seeking to partner with you to meet common challenges, there have been times when America has shown arrogance and been dismissive, even derisive"—President Obama, April 2009, in France.
"We have at times been disengaged, and at times we sought to dictate our terms"—President Obama, April 2009, in Trinidad and Tobago.
"Nothing Governor Romney just said is true, starting with this notion of me apologizing"—Barack Obama, October 2012, on whether he went on a global apology tour.
***
"The problem with a spending freeze is you're using a hatchet where you need a scalpel"—Sen. Obama, September 2008.
"Starting in 2011, we are prepared to freeze government spending for three years"—President Obama, January 2010.
***
"So if somebody wants to build a coal-fired plant, they can, it's just that it will bankrupt them"—Sen. Obama, January 2008, on his plans to financially penalize coal plants.
"Now is the time to end this addiction, and to understand that drilling is a stop-gap measure, not a long-term solution"—Sen. Obama, August 2008.
"Here's what I've done since I've been president. We have increased oil production to the highest levels in 16 years. Natural gas production is the highest it's been in decades. We have seen increases in coal production and coal employment"—President Obama, October 2012.
***
"If I don't have this done in three years, then there's going to be a one-term proposition"—President Obama, 2009.
"We've got a long way to go but . . . we've come too far to turn back now. . . . And that's why I'm running for a second term"—President Obama, October 2012.
This is a story because it's been exposed as a lie, yet the Romney campaign still runs it. If he pulled the ads, it would go away, but apparently the Romney team would rather risk getting a few uneducated voters in Ohio to fall for it, than being made a mockery of across the rest of the country.
I believe the GOP expects to lose, but is desperately trying to paint a picture of pockets of support even in blue states to keep the morale up in their base. SO, we seen then trowing money at Pennsylvania, northern Maine, etc... It would be extremely embarassing for Romney to lose every northeastern state, so he wants that split electoral vote from Maine. The same goes for other blue northern states, so he wants to claim solid support in the rural areas. If the race talk from the GOP is any indicator of a strategy, I think the GOP wants to be able to say that if it wasn't for blacks and other minorities, they would easily have won.
The truth hurts! Of course, now that we have Government Motors Corp and the other Obama takeovers in the auto industry, the work is going to communist countries. Interesting. Obama lies constantly. Don't listen to what he says, watch what he does! But then most of the people who are commenting here only watch the government propaganda news sources, so of course they believe the trash put out by the lame street media.
Lies During Fourth Year
"The sequester is not something that I've proposed. It is something that Congress has proposed."
Politifact.com
"Mitt Romney raised nursing home fees eight times."
Politifact.com
"Mitt Romney called the Arizona law a model for the nation."
Politifact.com
"Planned Parenthood provides mammograms"
Spero News
"We got back every dime we used to rescue the financial system"
cbsnews.com
Benghazi violence was caused by an internet video & demonstrations
State Department
"Mitt Romney Plans to fire Big Bird"
Politifact.com
"Under Gov. Romney's definition … Donald Trump is a small business."
politifact.com
Because of Obamacare, "over the last two years, health care premiums have gone up — it's true — but they've gone up slower than any time in the last 50 years."
politifact.com
"I think it's important for us to understand that the Fast and Furious program was a field-initiated program begun under the previous administration"
abcnews.com
Romney and Ryan will gut pell grants for low-income college students.
Factcheck.org
My budget will cut the deficit by $4 Trillion over 10 years.
Factcheck.org
"I am told that Governor Romney's new running mate, Paul Ryan, might be around Iowa the next few days," he said while in Council Bluffs, Iowa. "He is one of the leaders of Congress standing in the way. So if you happen to see Congressman Ryan, tell him how important this farm bill is to Iowa and our rural communities."
House passed bill on August 2, 2012 (Paul Ryan voted yes)
The American automobile industry has come roaring back…So now I want to say what we did with the auto industry, we can do it in manufacturing across America. Let's make sure advanced, high-tech manufacturing jobs take root here, not in China. And that means supporting investment here. Governor Romney … invested in companies that were called 'pioneers' of outsourcing. I don't want to outsource. I want to insource.
Forbes- Outsourcer-In-Chief: Obama Of General Motors
"You Didn't Build that"
A few examples
Lies During Third Year
I will walk on that picket line with you, if workers are denied the right to bargain.
Youtube
In his 2012 State of the Union Address, President Obama said that American oil production is the highest that it's been in eight years.
www.breitbart.com
I've done more for Israel's security than any President ever
Obama aided Islamic Extremists take over of Egypt/ Libya – Weapons pour into Gaza
Virtually every Senate Republican voted against the tax cut last week
Examiner
"Every idea that we've put forward are ones that traditionally have been supported by Democrats and Republicans alike."
Like Raising taxes?
Obama met highly qualified out of work teacher Robert Baroz
He wasn't out of work and Obama never met him.
GOP Responsible for Obama Jobs Bill Not Passing
Dems Rejected Jobs Bill
You have 80 percent of the American people who support a balanced approach. Eighty percent of the American people support an approach that includes revenues and includes cuts. So the notion that somehow the American people aren't sold is not the problem
Gallup Poll: Only 69%
These are obligations that the United States has taken on in the past. Congress has run up the credit card, and we now have an obligation to pay our bills.
Looks like it's been incurred mostly in the years of Obama
Jobs Bill Paid for
Seems not so much Paid for
Then you've got their(GOP)which is dirtier air, dirtier water, less people with health insurance
Barack Obama, campaiging in Asheville, NC, 10/17/11
I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it.
American.com
USA producing more oil than ever before
Petroleum Insights
Fence between US and Mexico is "Practically Complete"
Department of Homeland Security says 5%
Rich doesn't pay their fair share.
National Taxpayers Union
Mitt Romney would deny gay people the right to adopt children.
Cnn Interview
Lies During Second Year
Obama claimed the SCOTUS decision in Citizens United v. FEC, "open[ed] the floodgates for special interests — including foreign corporations — to spend without limit in our elections.
nationalreview.com
No signing statements to nullify or undermine congressional instructions as enacted into law
Obama Lies to Keep Czars
No "boots" on the ground Libya
Anyone that has worked with the AC-130 gunship can tell you, you need spotters to let aircraft know where the targets are. Usually it is Special Forces, Rangers etc trained for this mission. It's CIA Agents in Libya on the ground
Reform will also rein in the abuse and excess that nearly brought down our financial system. It will finally bring transparency to the kinds of complex, risky transactions that helped trigger the financial crisis.
Obama Lies About Financial Reform Bill
All Americans WILL BE were, "surprised, disappointed and angry" about lockerbie bomber
Obama Memo
I will not rest until the BP Oil Spill stops
Obama's Schedule
The health care bill will not increase the deficit by one dime.
Campaign and Presidency
If you like the health care plan you have you can keep it
TownHall
"Under our plan, no federal dollars will be used to fund abortions, and federal conscience laws will remain in place."
U.S. Capitol, Washington, D.C., September 9, 2009.
ObamaCare Fee is not a new tax
Obama denies healthcare is a new tax on all Americans
We have run out of places in the US to drill for oil.
Obama's oval office speech in June 2010
Now suddenly if you don't have your papers and you took your kid out to get ice cream, you can be harassed, that's something that could potentially happen.
Arizona Immigration Law
Doctors choose amputation because they get better compensation. Greedy Doctors taking out tonsils for more money.
Claims never documented
The Health Care Package will pay for itself
Time
Republicans don't have a single idea that's different from George Bush's ideas — not one.
Hmm Immigration?
We shouldn't Mandate the purchase of health care
Democratic Debate Lies
Obama says he'll save average family $8,000 in gas
Video Proof
I am immediately instituting PayGo "Pay as you go"
Said during a speech immediately after the Trillion Dollar "Shovel Ready" bill.
I got the Message from Massachusetts
Daily Bail
Lies During First Year
We began by passing a Recovery Act that has already saved or created over 150,000 jobs." – caught cooking the books and now changed to 'jobs supported' versus 'created/saved'
AP fact Checker
Number one, we inherited a $1.3 trillion deficit. … That wasn't me." – Congress, under Democratic control in 2007 and 2008, controlled the purse strings that led to the deficit Obama inherited.Obama supported the emergency bailout package in Bush's final months — a package Democratic leaders wanted to make bigger.
AP fact Checker
Collective salvation
Obama calls himself a Christian
I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States.
Obama Inauguration. 20 Jan 2009
Cut Deficit in Half by end of first term
Associated Press Video
Health Care deals will be covered on C-span
Obama Lies
As President I will recognize the Armenian Genocide
ABC
Recovery Act will save or create jobs
ABC News
Unemployment rate will be 8.5% without stimulus.
Obama Lies
No Earmarks in the $787 Billion Stimulus
CNN
I happen to be a proponent of a single payer universal health care plan
Specator.Org
We have launched a housing plan that will help responsible families facing the threat of foreclosure lower their monthly payments and refinance their mortgages.
Obama Lies
I am not somebody who promotes same-sex marriage.
NPR
Guantanamo bay to be closed within a year
Council on Foreign Relations.
Won't Raise taxes on those making less than 250,000 per year.
Businessweek: Obama Agnostic on taxes
List of Tax Promise Violations
2008 Campaign Lies
I will walk the picket line with you, if workers are denied the right to bargain
Youtube
No more wiretapping of citizens
Youtube
Mr. Ayers as "a guy who lives in my neighborhood," but "not somebody who I exchange ideas from on a regular basis.
News Busters
I had a uncle who was one of the, who was part of the first American troops to go into Auschwitz and liberate the concentration camps
United States Holocaust Memorial Museum
Obama campaign would accept public funding
ABC
Minimum Wage will increase to $9.50/hr
A Socialist
Ann Dunham spent the months before her death in 1995 fighting with insurance companies that sought to deny her the coverage she needed to pay for treatment.
Mounting Heath Care Lies
Didn't know Jeremiah Wright was Radical
Dreams of My Father – A radical Socialist.
Would have the most transparent administration in History
Cato Institute
We will go through our federal budget – page by page, line by line – eliminating those programs we don't need, and insisting that those we do operate in a sensible cost-effective way.
Boston Globe
I have visited all 57 states.
Snopes
I'll get rid of earmarks
Source: Any bill passed during presidency
When a bill lands on my Desk, The American people will have 5 days to review it before I sign it.
Campaign Speech
My father served in World War II.
The Videos and the Facts
Have troops out of Iraq by March 31, 2009
News Video
Seniors Making less than 50,000 will not have to pay taxes
YouTube
Would not vote for any bill supporting troop funding without a firm withdrawal commitment from the Bush Administration.
He has done nothing but continue the Bush admins strategy and to explain how the "surges total failure" has now become his greatest achievement.
Present Votes Are Common In Illinois
NPR
I Won Michigan
Huffington Post
I won Nevada
The Nation
I don't Have Lobbyists
US News
My Campaign Had Nothing To Do With The 1984 Ad
Crooks and Liars
I Have Always Been Against Iraq
Washington Post
My Wife Didn't Mean What She Said About Pride In Country
CNN
Barack was never an ACORN trainer and never worked for ACORN in any other capacity.
Obama Campaign Video
I Barely Know Rezko
Sun Times
My Church Is Like Any Other Christian Church
Who lies?????
Yawn- you take comments out of context or projections on future events whereas Romney LIES about policy.
Sandy will Bankrupt New Jersey if New Jersey was responsible for all costs. Yet Romney two months ago wanted to make Fema a state function or better yet a private venture. When asked yesterday during the Non Campaign campaign event Romney REFUSED to answer.
Why
are so many so surprised that Myth Romney stood in front of 67 million voters
and lied thru his teeth??? That is the GOP way!!!
George
H. W. Bush "Read my lips no new taxes"!!!
George
W. Bush "Republicans will be compassionate conservatives"???
Mitt
Romney "I never said I was going to give the rich an additional 10 percent
off on their taxes"&&&
I'm
starting to think I like the idea of Romney winning. And when he gives he and
his rich buddies more tax breaks and takes this country's economy over the edge
of that cliff that President Obama has worked so hard to pull us back from with
nothing but treasonous opposition from the idiots on the right, I am going to
love it.
Then
when the right pulls out the second trick in their three trick pony act, I
might actually weep for you idiots when he sends your kids into war so he and
his rich buddies can get even richer while your kids come home in boxes.
And
the third trick is to deregulate everything, banks, insurance companies,
utility companies and its "bend over middle class"!!!
ROMNEY
RYAN 2012 BRING IT ON
I think the way that the Republicans has treated the President of the United States is unacceptable.
I can not imagine getting out of bed every morning knowing that the republicans are going to bully, and treat so disrespectful. President Obama has to try to work for the American people while being harassed, bullied, intimidated, etc........ I commend him for all that he has done. he was presented a huge mess by W. It must be so hard to get things done, when we were suppose to all be on the same team, but the one percent are so greedy that they just want more. too bad they haven't figured out that you can only sleep in one house, drive one car, they seem to want everything and leave nothing for the American people.
You're right! Work for the American people. Jeffrey Immelt, The head of GE and the presidents advsier for business. GE paid ZERO taxes in 2010 on a profit of 14.2 billion. In 2011 they have a roughly 11.3% tax. And Monsanto is in for millions in tax credits. Glad Obama's looking out for the 'little' guy!
I'm just amazed and really discouraged that republicans would endeavor to disinform the public in order to gain power.
It really does show what they are all about, and sadly it's not the American citizen.
Romney obviously has no moral compunction about blatantly lying to us, and smiling as he does so.
If you believe Romney to be an honest man, a man of integrity - vote for him!
I will not.
Romney in the last debate was acting like he was running for China. He said the poor people in china when they leave their house they need to be able to go to a job, put food on their table.
I wish they would show that clip.
Lyin eyes romney
It is quite a stretch for President Obama to argue that he wants to cut taxes for small businesses. In reality, he is proposing to increase taxes on small businesses by around $49 billion.
President Obama has touted his treatment of small businesses repeatedly over the course of the campaign, and last week's presidential debate was no exception. "I also lowered taxes for small businesses 18 times. And what I want to do is continue the tax rate — the tax cuts that we put into place for small businesses and families," argued Obama.
While in the strictest sense it is true that the president has lowered taxes for small businesses 18 times, this does not accurately reflect the totality of his small-business tax policy. In fact, on net, the president's policy proposals will inflict significant harm on small businesses.
First, to the 18 times. Note how the president corrected himself after he accidentally mentioned tax rates. There is a clear reason for this: his "tax cuts" for small businesses have not been across-the-board marginal rate cuts, but instead have been targeted and often temporary deductions, tax credits, and subsidies. (It's easier to cut taxes 18 times if your cuts are temporary.)
Of the 18, only 10 of them are still in place. Half of these 10 are extensions of programs first enacted by President George W. Bush or even before his time in office. (I assume that these are not "the failed policies of the past" to which the president does not want to return.)
So we started with 18, but now we're down to 5. Estimates from the Congressional Budget Office, the Joint Committee on Taxation, and the U.S. Treasury Department suggest that the sum total of the tax breaks created by the remaining five will amount to at most $3 billion in 2013.
When the president says that he wants to continue the tax cuts that he has put in place for small businesses, presumably this $3 billion is what he is referring to.
But it is important to remember that taxes can go up and down. Let's take the president at his word and assume that the $3 billion-per-year cuts stay in place. Is this the totality of the president's tax policy proposals for small businesses?
Every time Obama touts his small-business tax policies, what he is really announcing is that if reelected, he will destroy 200,000 American jobs in 2013 alone.
Nope. In addition to keeping the $3 billion in cuts, the president has proposed and even enacted several tax increases for 2013 that would apply to small businesses that are organized as pass-through entities, firms that have their income taxed at the individual, not the corporate level — for example, partnerships and S corporations. (The overwhelming majority of small businesses are organized as pass-through entities.)
Specifically, the president has proposed the expiration of the Bush tax cuts, which will increase taxes by 4.6 percentage points on incomes above $250,000. Obama will increase taxes by a further 3.8 percentage points on these same incomes through the Unearned Income Medicare Contribution. (Is it unearned because "you didn't build that"?) And we shouldn't forget the reimplementation of the Pease provision, also scheduled for January 1, which adds an additional 1 percentage point to the effective tax rate for these businesses.
It should come as no surprise that these tax increases dwarf the $3 billion in tax decreases that the president has brought small businesses.
According to a report by the Joint Committee on Taxation, approximately $690 billion of business income will be reported on tax returns subject to the marginal rate increases. A very conservative estimate based on IRS figures of the distribution of partnership and S-Corp income shows that only about 80 percent of this income is actually subject to the highest marginal rate, which puts the size of the tax hike at around 9.4 percent of 80 percent of $690 billion, or about $52 billion.
That $52 billion is much more than the sum of all tax breaks, which was about $3 billion. So it's quite a stretch for the president to argue that he wants to cut taxes for small businesses. In fact, he wants to raise taxes on small businesses by an order of magnitude.
What does this mean for the affected firms? On average, an additional tax bill of $48,000. That's a stunning increase.
A major issue in this presidential campaign is jobs. How would employment be affected by this tax increase?
To be fair to the president, let's adopt the White House's own multiplier. The White House claims that the American Jobs Act would create 1.9 million jobs thanks to $447 billion in additional spending and tax breaks. This amounts to one job for every $235,000.
As we have seen, the president's policies would raise taxes on small businesses by $49 billion. According to his own math, that would lead to some 200,000 fewer jobs.
By this arithmetic – President Clinton should be pleased by this method — every time Obama touts his small-business tax policies, what he is really announcing is that if reelected he will destroy 200,000 American jobs in 2013 alone. That's 800,000 jobs over the course of a potential second term, or one additional unemployed worker for every 14 unemployed workers today.
"Normally," said Obama back in August 2009, "you don't raise taxes in a recession, which is why we haven't and why we've instead cut taxes." As the president knows, we have recession-level unemployment. Given what he said a few years ago, why does the president want to raise taxes on small businesses?
doing away with the upper level of the Bush Tax cut impacts 2% of all TAXPayers.
The tax rate increase affects you if you have NET PROFIT of $250,000 or more- not all of your pay only that portion above the 250K.
Romney likes to cite a Earnst and Young CPA report commissioned by the lobbyist group for s corps to demonstrate the WORSE CASE effect. It is a DEMONSTRATED fact that only 2% of all taxpayers would be impacted.
I wonder if "Jeep" can go after Romney for spreading these lies? I am sure these lies put a scare in the workers, share holders and people buying "Jeeps". If "Jeep" can prove that sales dropped and that production dropped then "Jeep" should go after Romney and make him liable for the damages. It's one thing to tall a lie and get caught and apologize for the lie but to get caught and tell the lie even more. How low will Romney go?
Lies During Fourth Year
"The sequester is not something that I've proposed. It is something that Congress has proposed."
Politifact.com
"Mitt Romney raised nursing home fees eight times."
Politifact.com
"Mitt Romney called the Arizona law a model for the nation."
Politifact.com
"Planned Parenthood provides mammograms"
Spero News
"We got back every dime we used to rescue the financial system"
cbsnews.com
Benghazi violence was caused by an internet video & demonstrations
State Department
"Mitt Romney Plans to fire Big Bird"
Politifact.com
"Under Gov. Romney's definition … Donald Trump is a small business."
politifact.com
Because of Obamacare, "over the last two years, health care premiums have gone up — it's true — but they've gone up slower than any time in the last 50 years."
politifact.com
"I think it's important for us to understand that the Fast and Furious program was a field-initiated program begun under the previous administration"
abcnews.com
Romney and Ryan will gut pell grants for low-income college students.
Factcheck.org
My budget will cut the deficit by $4 Trillion over 10 years.
Factcheck.org
"I am told that Governor Romney's new running mate, Paul Ryan, might be around Iowa the next few days," he said while in Council Bluffs, Iowa. "He is one of the leaders of Congress standing in the way. So if you happen to see Congressman Ryan, tell him how important this farm bill is to Iowa and our rural communities."
House passed bill on August 2, 2012 (Paul Ryan voted yes)
The American automobile industry has come roaring back…So now I want to say what we did with the auto industry, we can do it in manufacturing across America. Let's make sure advanced, high-tech manufacturing jobs take root here, not in China. And that means supporting investment here. Governor Romney … invested in companies that were called 'pioneers' of outsourcing. I don't want to outsource. I want to insource.
Forbes- Outsourcer-In-Chief: Obama Of General Motors
"You Didn't Build that"
A few examples
Lies During Third Year
I will walk on that picket line with you, if workers are denied the right to bargain.
Youtube
In his 2012 State of the Union Address, President Obama said that American oil production is the highest that it's been in eight years.
www.breitbart.com
I've done more for Israel's security than any President ever
Obama aided Islamic Extremists take over of Egypt/ Libya – Weapons pour into Gaza
Virtually every Senate Republican voted against the tax cut last week
Examiner
"Every idea that we've put forward are ones that traditionally have been supported by Democrats and Republicans alike."
Like Raising taxes?
Obama met highly qualified out of work teacher Robert Baroz
He wasn't out of work and Obama never met him.
GOP Responsible for Obama Jobs Bill Not Passing
Dems Rejected Jobs Bill
You have 80 percent of the American people who support a balanced approach. Eighty percent of the American people support an approach that includes revenues and includes cuts. So the notion that somehow the American people aren't sold is not the problem
Gallup Poll: Only 69%
These are obligations that the United States has taken on in the past. Congress has run up the credit card, and we now have an obligation to pay our bills.
Looks like it's been incurred mostly in the years of Obama
Jobs Bill Paid for
Seems not so much Paid for
Then you've got their(GOP)which is dirtier air, dirtier water, less people with health insurance
Barack Obama, campaiging in Asheville, NC, 10/17/11
I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it.
American.com
USA producing more oil than ever before
Petroleum Insights
Fence between US and Mexico is "Practically Complete"
Department of Homeland Security says 5%
Rich doesn't pay their fair share.
National Taxpayers Union
Mitt Romney would deny gay people the right to adopt children.
Cnn Interview
Lies During Second Year
Obama claimed the SCOTUS decision in Citizens United v. FEC, "open[ed] the floodgates for special interests — including foreign corporations — to spend without limit in our elections.
nationalreview.com
No signing statements to nullify or undermine congressional instructions as enacted into law
Obama Lies to Keep Czars
No "boots" on the ground Libya
Anyone that has worked with the AC-130 gunship can tell you, you need spotters to let aircraft know where the targets are. Usually it is Special Forces, Rangers etc trained for this mission. It's CIA Agents in Libya on the ground
Reform will also rein in the abuse and excess that nearly brought down our financial system. It will finally bring transparency to the kinds of complex, risky transactions that helped trigger the financial crisis.
Obama Lies About Financial Reform Bill
All Americans WILL BE were, "surprised, disappointed and angry" about lockerbie bomber
Obama Memo
I will not rest until the BP Oil Spill stops
Obama's Schedule
The health care bill will not increase the deficit by one dime.
Campaign and Presidency
If you like the health care plan you have you can keep it
TownHall
"Under our plan, no federal dollars will be used to fund abortions, and federal conscience laws will remain in place."
U.S. Capitol, Washington, D.C., September 9, 2009.
ObamaCare Fee is not a new tax
Obama denies healthcare is a new tax on all Americans
We have run out of places in the US to drill for oil.
Obama's oval office speech in June 2010
Now suddenly if you don't have your papers and you took your kid out to get ice cream, you can be harassed, that's something that could potentially happen.
Arizona Immigration Law
Doctors choose amputation because they get better compensation. Greedy Doctors taking out tonsils for more money.
Claims never documented
The Health Care Package will pay for itself
Time
Republicans don't have a single idea that's different from George Bush's ideas — not one.
Hmm Immigration?
We shouldn't Mandate the purchase of health care
Democratic Debate Lies
Obama says he'll save average family $8,000 in gas
Video Proof
I am immediately instituting PayGo "Pay as you go"
Said during a speech immediately after the Trillion Dollar "Shovel Ready" bill.
I got the Message from Massachusetts
Daily Bail
Lies During First Year
We began by passing a Recovery Act that has already saved or created over 150,000 jobs." – caught cooking the books and now changed to 'jobs supported' versus 'created/saved'
AP fact Checker
Number one, we inherited a $1.3 trillion deficit. … That wasn't me." – Congress, under Democratic control in 2007 and 2008, controlled the purse strings that led to the deficit Obama inherited.Obama supported the emergency bailout package in Bush's final months — a package Democratic leaders wanted to make bigger.
AP fact Checker
Collective salvation
Obama calls himself a Christian
I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States.
Obama Inauguration. 20 Jan 2009
Cut Deficit in Half by end of first term
Associated Press Video
Health Care deals will be covered on C-span
Obama Lies
As President I will recognize the Armenian Genocide
ABC
Recovery Act will save or create jobs
ABC News
Unemployment rate will be 8.5% without stimulus.
Obama Lies
No Earmarks in the $787 Billion Stimulus
CNN
I happen to be a proponent of a single payer universal health care plan
Specator.Org
We have launched a housing plan that will help responsible families facing the threat of foreclosure lower their monthly payments and refinance their mortgages.
Obama Lies
I am not somebody who promotes same-sex marriage.
NPR
Guantanamo bay to be closed within a year
Council on Foreign Relations.
Won't Raise taxes on those making less than 250,000 per year.
Businessweek: Obama Agnostic on taxes
List of Tax Promise Violations
2008 Campaign Lies
I will walk the picket line with you, if workers are denied the right to bargain
Youtube
No more wiretapping of citizens
Youtube
Mr. Ayers as "a guy who lives in my neighborhood," but "not somebody who I exchange ideas from on a regular basis.
News Busters
I had a uncle who was one of the, who was part of the first American troops to go into Auschwitz and liberate the concentration camps
United States Holocaust Memorial Museum
Obama campaign would accept public funding
ABC
Minimum Wage will increase to $9.50/hr
A Socialist
Ann Dunham spent the months before her death in 1995 fighting with insurance companies that sought to deny her the coverage she needed to pay for treatment.
Mounting Heath Care Lies
Didn't know Jeremiah Wright was Radical
Dreams of My Father – A radical Socialist.
Would have the most transparent administration in History
Cato Institute
We will go through our federal budget – page by page, line by line – eliminating those programs we don't need, and insisting that those we do operate in a sensible cost-effective way.
Boston Globe
I have visited all 57 states.
Snopes
I'll get rid of earmarks
Source: Any bill passed during presidency
When a bill lands on my Desk, The American people will have 5 days to review it before I sign it.
Campaign Speech
My father served in World War II.
The Videos and the Facts
Have troops out of Iraq by March 31, 2009
News Video
Seniors Making less than 50,000 will not have to pay taxes
YouTube
Would not vote for any bill supporting troop funding without a firm withdrawal commitment from the Bush Administration.
He has done nothing but continue the Bush admins strategy and to explain how the "surges total failure" has now become his greatest achievement.
Present Votes Are Common In Illinois
NPR
I Won Michigan
Huffington Post
I won Nevada
The Nation
I don't Have Lobbyists
US News
My Campaign Had Nothing To Do With The 1984 Ad
Crooks and Liars
I Have Always Been Against Iraq
Washington Post
My Wife Didn't Mean What She Said About Pride In Country
CNN
Barack was never an ACORN trainer and never worked for ACORN in any other capacity.
Obama Campaign Video
I Barely Know Rezko
Sun Times
My Church Is Like Any Other Christian Church
Who lies?????
Yawn- You take comments or projections that dont work out versus POLICY positions by Romney that change depending upon who he is speaking with and in your partisan mind equate the two.
New Jersey would be bankrupt paying for the storm damage- yet Romney proposed doing away with Fema just a couple of months ago and having the states handle it or better yet private enterprise.When asked about it yesterday during the Non Campaign campaign event Romney does what he always does he said NOTHING
Obama/Biden 2012
FORWARD
"Let's set the record straight: Jeep has no intention of shifting production of its Jeep models out of North America to China," Chrysler executive Gualberto Ranieri wrote in a statement, using italics for emphasis. "A careful and unbiased reading of the Bloomberg take would have saved unnecessary fantasies and extravagant comments." Ranieri said the conclusion that it was moving all production to China was "a leap that would be difficult even for professional circus acrobats."
THAT IS ALL!!!
2014 Jeep Compass / Patriot Replacement Spy Photos
A single Fiat-based CUV will replace the lackluster Jeeps.
October 2011
BY JON YANCA
MULTIPLE PHOTOGRAPHERS
If you think the legion of Alfa Romeo Giulietta–based mules we've seen running around is getting a bit tiresome, well, we sort of feel the same way, too. Almost daily, our inboxes get fat with photo sets of one matte-black prototype or another, cut, chopped, and resized in a dozen different ways. But there's a good reason the hatchback keeps popping up: Its next-gen bones will serve as the basis for Chrysler's crucial small-car overhaul. The compact cavalry includes a Caliber-replacing sedan for Dodge and the Jeep seen here, which will put the unloved Patriot and Compass out to pasture.
With its jacked-up ride height signaling Jeep-y intentions, the mule's Giulietta body is merely an exterior shell covering a newly embiggened Fiat platform known as "Compact Wide." (It's based on the Giulietta's current C-Evo architecture; our sources indicate that C-Wide adds roughly two inches of width.) This particular mule is likely the front-drive version of the compact Jeep, as the photos show no evidence of drive components for the rear wheels. All-wheel drive is certainly in the plans for the Compass/Patriot replacement, however: Jeep chief Mike Manley has stressed that the brand's future vehicles will be offered in both efficient on-road—in this case, FWD—and focused off-road versions.
Due out sometime in 2013—probably as a 2014 model—this Jeep is currently tapped for production alongside an Alfa version in the Mirafiori plant in Turin, Italy, although fluctuating exchange rates and assembly costs could easily change those plans. It's too early to know exactly what will power the CUV, but you can expect a small four-cylinder featuring Fiat's MultiAir tech and possibly a turbocharger—the Fiat 500's 1.4-liter can whip up as much as 170 hp in turbo guise. Alfa's new 1.8-liter turbo four is another possibility, while the automatic transmission is likely to be a ZF-designed nine-speed unit. Whatever the details, we think can say one thing for certain: The final result can't possibly be worse than the Compass or Patriot.
I was trying to post this to a comment on page two, but Newsvine isn't working right (not surprising in the least, but frustrating.
WRONG! That claim by Obama - another of Obama's lies, but you don't want to hear that - has been debunked. Romney has outsourced only 879 jobs to overseas. Obama, however, has outsourced many thousands of jobs overseas. Even Obama's stimulus package - which was supposed to generate jobs in this country - outsourced jobs to China, Norway, and other countries.
@Tammy-311614 You better check your facts more thourghly because Romney has closed several factories here in the USA and has put well over 2 thousand people out of work while he is putting over 5 thousand Chinese laborers to work on just two of the Chinese oil companies that he is heavily invested in. He has also opened two factories in China and is in the process of building a factory in Finland and one in Ireland with plans to close two more factories here in the USA when these two overseas factories fire up. Romney has put well over 879 Americans out of work. It is in the multiple thousands so please check your information better before yopu post on here and look like a horses patoot again. Also how about him purchasing Hart Intercivic a company that makes voting machines that will be used across the nation and in 6 of the 9 swing states. should this not be illegal, it is immoral and definitely a conflict of interest. Hopefully the Justice Dept. will pull all the machines made by hart before the election next week. Romney is a liar and a cheat and does not care about you or me. he would squash you like a bug to make a penny.
duplicate post
Romney is not only desperate he is a proven liar. i wonder if his magic underwear is failing him? even when called out that this is a blantant lie he doubles down...is this really what neocons want???
How anyone can support a pathological liar like Romney is a real question. Not only does he flip flop all over the place sometimes when he flips is just lies and moves on. And for those of you with the delusion that Obama has outsourced jobs overseas we have medications for this disorder.
Flash......... Romney seen in local walmart looking down the summer footwear aisle for new flip flops
Spreading your propaganda, just like mitt with their billboards.
Won't work, there are too many videos shown back to back on different occasions how Mitt is a huge liar