'Gone Old Party'

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I think it will be 1 million in 2011.

And it will be graduated before it hits the top at 45% or 55%.

Consider the estate tax. Congress had nine years to figure out what a new estate tax should look like. Instead, it let the estate tax lapse for 2010, something no one expected and few thought made sense — except those wealthy families such as the Steinbrenners, whose tax bill was reduced substantially when their patriarch passed away this year.

Attorney Joshua S. Rubenstein, national chairman of trusts and estates at Katten Muchin Rosenman LLP, said it was an “incredible irresponsibility” on the part of Congress to let the estate tax expire at the end of 2009.

“Nobody expected that Congress would never touch the law, and it's staggering to see what the elimination of the estate tax has done to the economy,” said Mr. Rubenstein. “At least five billionaires have died this year in the U.S. The revenues Congress lost from their estates — billions and billions of dollars — are just huge!”

Other billionaires besides George Steinbrenner who passed away include Mary Janet Cargill ($1.7 billion), Dan Duncan ($9 billion), Walter Shorenstein ($1.1 billion), and John Kluge ($6.5 billion.) At the top 45% rate in place last year for estates exceeding $3.5 million, those five families alone would have paid $8.7 billion in estate taxes this year if Congress had not allowed the tax to expire.

With so little time left before the year ends, tax professionals agree it is unlikely Congress will enact any retroactive legislation. Attempting to recoup some of those lost billions in estate taxes, for example, would only generate legal challenges by heirs who can afford the litigation.

By doing nothing, Congress will let the estate tax revert to pre-2001 levels, with a top rate of 55% and a $1 million exemption.

http://www.investmentnews.com/article/20101031/REG/310319971
 
WASHINGTON -- Former Governor Sarah Palin launched a broadside attack on the news media Sunday, charging the industry with wholesale corruption in support of liberals and insisting that a local CBS affiliate was staffed with "corrupt bastards."

Coming to the defense of her preferred Senatorial candidate, Joe Miller, Palin aired some explosive accusations aimed at the fourth estate. Reporters, she said during an appearance on Fox News Sunday, had been caught on tape trying to find a child molester in the crowd at a Miller rally -- or, similarly, hoping to witness a bit of violence among the attendees -- in hopes of making the Tea Party candidate look bad.

Just last night it was revealed that, at the rally I had for Joe Miller on Thursday, it was revealed and we have the tape that proves it, that the CBS reporters, the affiliate in Alaska, conspired to make up stories about Joe Miller. We have the tape, Chris. I can't wait until it busts out all over the nation to show what it is that we, kind of what I put up with for two years now with the media, but what Joe Miller is faced with, in dealing with someone who feels, Lisa Murkowski, so entitled to seat that she and some of her people including some complicits in the media will do anything, they will stop at nothing.


[snip]

I'm saying that we have it on tape, the CBS reporters in the affiliate up there in Alaska are on tape saying let's find a child molester in the crowd as a supporter for Joe Miller, let's blast that. Let's concoct a Ron Paul moment there let's find any kind of chaos so that we can tweet an alert and say, 'oohh there's chaos, Joe Miller got punched.' That's sick. Those are corrupt bastards.


In all, Palin uttered the word corrupt or corruption in relation to the media three separate times on Sunday. In addition to the videotape she says she will reveal, she charged the Murkowksi campaign with orchestrating the firing of an Alaska conservative talk show host who didn't support her candidacy. In actuality, the host was fired for trying to gin up dozens of write-in bids for the Senate seat, a ploy for chaos that would hurt Murkowksi but also was un-welcomed by the host station.

"tuff like that," said Palin, "it is corrupt. It's frustrating. It's why Americans are saying no more, enough is enough. We're going to turn this around. We are going to fight corruption in the media; we're going to fight corruption in politics."

YouTube - Sarah Palin: We Have Video of "Corrupt Bastards" In Media Conspiring Against Joe Miller
 
Anchorage CBS Affiliate Caught on Voicemail Conspiring Against Alaska’s GOP Senate Candidate - Big Journalism

UPDATE: This appears to be the incident to which Palin was referring when she discussed the CBS affiliate conspiring against Miller's campaign. There is a transcript and audio of a supposed phone call made by the reporter. But there is no confirmation about the call's sincerity.

UPDATE: David Brock, CEO of progressive media watchdog group Media Matters, responds:

Sarah Palin has made serious accusations of journalistic malfeasance. Either Palin accurately described the tapes, or she did not. America's news consumers need to know the truth about these serious accusations. The public in Alaska needs to know the truth so they are fully and correctly informed before they cast their ballots Tuesday. Palin has a responsibility to release the full, unedited tapes publicly and to all media.

UPDATE: A spokesperson from CBS emails out the following statement

KTVA News is owned by the Alaska Broadcasting Co., not CBS. No CBS staffers were involved and CBS has no knowledge of and no comment on these allegations.

Meanwhile, Greg Sargent at The Plum Line reports that KTVA says the audio recording is legitimate but taken entirely out of context.
 
Assume she's waiting to show this tape tonight to help sway votes.

I can't wait until she runs for office in two years. Her bashing of the media is going to come back to bite her in the ass.

Foxnews will of course give her the cushy interviews, but as soon as she meets with the "lame stream"; i don't think they'll hold back.
 
Eventually people will figure her out. They started to in the last election, and it ended up costing McCain a lot of votes.

Her debating skills are poor, unless she starts throwing more "shout outs" during each one.

What O'Donnell has gone through is similar to how I see Palin getting treated.

She's an idiot, and the more she speaks, the more people figure it out.
 
I sincerely hope you're right about that, BEAL.

"tuff like that," said Palin, "it is corrupt. It's frustrating. It's why Americans are saying no more, enough is enough. We're going to turn this around. We are going to fight corruption in the media; we're going to fight corruption in politics."


:lol: That's some funny stuff there, that is.

Angela
 
Unfortunately.

The campaign for the Republican Nominee for President begins the morning of Nov. 3rd, and it's going to be a complete gong show.
 
Next for GOP leaders: Stopping Sarah Palin - Mike Allen and Jim VandeHei - POLITICO.com

"Many of these establishment figures argue in not-for-attribution comments that Palin’s nomination would ensure President Barack Obama’s reelection, as the deficiencies that marked her 2008 debut as a vice presidential nominee — an intensely polarizing political style and often halting and superficial answers when pressed on policy — have shown little sign of abating in the past two years.

"There is a determined, focused establishment effort … to find a candidate we can coalesce around who can beat Sarah Palin," said one prominent and longtime Washington Republican. "We believe she could get the nomination, but Barack Obama would crush her."
 
If she's smart, she'll stay a commentator on Fox News, work behind the scenes to mobilize that part of the conservative electorate that gets excited by her, and enjoy a long and distinguished (?) career as a partisan commentator.

Please note, I said "if."
 
"There is a determined, focused establishment effort … to find a candidate we can coalesce around who can beat Sarah Palin," said one prominent and longtime Washington Republican. "We believe she could get the nomination, but Barack Obama would crush her."

Exactly. If the Republicans want any hope in 2012, they would definitely do well to listen to this. It's kinda nice to see some in the GOP realize that.

Angela
 
House Minority Leader John Boehner has been walking the line on the campaign trail, conjuring up American icons who may or may not agree with his message in order drum up support from his base. Rosanne Cash, daughter of the legendary singer Johnny Cash, a name frequently brought up by the GOP leader, apparently thinks that line has been crossed, as she recently tweeted a demand -- and an insult -- to Boehner asking him to cut it out.

"John Boehner: Stop using my dad's name as a punchline, you asshat," Cash wrote in a tweet Monday.

The New York Times reports on a joke that has become a staple of Boehner's campaign trail repertoire:

At each stop he draws on nostalgia for the Republican glory days of the 1980s, by telling the same joke. "Remember when Ronald Reagan was president," he said. "We had Bob Hope. We had Johnny Cash. Think about where we are today. We have got President Obama. But we have no hope and we have no cash." It draws hoots of laughter and applause every time.



Gauging the twitter dialogue, the response to Cash's defense of her father seems largely positive, though some appear to have taken offense to the slight at Boehner. To one detractor, Cash responded:

"[H]e didn't sign on to be punchline for some politician; he's not here to defend himself. He deserves more honor. Think what you will."

As Johnny Cash, who didn't usually wear partisanship on his sleeve but was renowned for his politically charged lyrics, once sang in "The One On The Right Is On The Left":

"Don't go mixin' politics with the folk songs of our land
Just work on harmony and diction
Play your banjo well
And if you have political convictions keep them to yourself"
 
At each stop he draws on nostalgia for the Republican glory days of the 1980s, by telling the same joke. "Remember when Ronald Reagan was president," he said. "We had Bob Hope. We had Johnny Cash. Think about where we are today. We have got President Obama. But we have no hope and we have no cash." It draws hoots of laughter and applause every time.

Ahaha, ahahaha, aha, ha...um...yeah :|.

I was just a small child in the '80s, but I seem to recall learning that quite a few people didn't have much hope and cash that decade. There was a whole farmers' crisis thing going on, and there was that stock market tumble in '87, to name a couple economic problems, so try again, maybe?

Boehner's an idiot. I'm glad Rosanne's calling him out on that crap.

Angela
 
Well said Mrs. Springsteen and I glad Rosanne spoke up in defense of her dad. She is right of course.

Wise words in Johnny's song. :applaud: I'm not a fan of the modern country music. But, I grew up listening to Johnny Cash, my mom loved him and so do I.
 
Ahaha, ahahaha, aha, ha...um...yeah :|.

I was just a small child in the '80s, but I seem to recall learning that quite a few people didn't have much hope and cash that decade. There was a whole farmers' crisis thing going on, and there was that stock market tumble in '87, to name a couple economic problems, so try again, maybe?

Boehner's an idiot. I'm glad Rosanne's calling him out on that crap.
exactly. i'm in the same boat as you, i was just a little kid but i remember that stuff. i remember the recession in the early 80s (well, it was before i was born but i've certainly heard about it) but thankfully my parents weren't affected by it. i also remember what you mentioned, though again we weren't affected by it. but since it didn't affect me, it doesn't mean it didn't happen or anything. i think it's easier to look back on the past and remember, well, YOU didn't lose your job nor did anyone you knew. revisionist history is never a good thing, and if we don't learn from our past mistakes we're bound to repeat them. that's what happened this time and oh hey, we didn't learn from them again. it's just easier to point the finger and blame obama because he didn't undo the recession in less time than it took for it to occur.
 
exactly. i'm in the same boat as you, i was just a little kid but i remember that stuff. i remember the recession in the early 80s (well, it was before i was born but i've certainly heard about it) but thankfully my parents weren't affected by it. i also remember what you mentioned, though again we weren't affected by it. but since it didn't affect me, it doesn't mean it didn't happen or anything. i think it's easier to look back on the past and remember, well, YOU didn't lose your job nor did anyone you knew.

This hit the nail on the head, right here: "I didn't experience it, therefore, it doesn't matter/exist." That's precisely what it is. Too many self-absorbed people who have a hard time putting themselves in someone else's shoes (which, given the '80s were the decade of "Me, me, me!", shouldn't be surprising).

My family's certainly never been able to call ourselves anything even remotely concerned with the word "rich", and we've never been in the "upper middle-class" bracket, either, so my guess is my parents struggled through like many others did. I know they've never spoken well of Reagan's presidency.

revisionist history is never a good thing, and if we don't learn from our past mistakes we're bound to repeat them. that's what happened this time and oh hey, we didn't learn from them again. it's just easier to point the finger and blame obama because he didn't undo the recession in less time than it took for it to occur.

Fully, completely agreed here as well. Especially about the revisionist history stuff. Rose-colored glasses may be pretty, but there's a reason why they're tinted instead of clear.

Angela
 
I know she's speaking English, but I honestly have no clue what she says in these videos. I just hear words put together but i'm left feeling the exact same way before i listened.

I can't wait till she runs and just embarrasses herself again. Wonder how many shout outs or winks to the camera she'll do???
 
The lumberjack guy was the guy from the Real World right?

We've had actors and wrestlers, but if I'm not mistaken he's the first reality TV star...

Snooki in 2016!
 
Looking at it pragmatically, I really think the country could have done a lot worse than to have Boehner as speaker. When considering the current low watermark in people who choose to run for office and get media coverage on a nat'l level, he's pretty old school Washington.

We're going to see a lot of stalemate in the next two years, and the ball is in the Republicans' court pretty much to get something done. I expect a couple of vetos from Obams, probably deserved ones, and a lot of crying from the House Rs about how they're trying to get something done but the White House is stopping them. It's going to feel good to see the other side frustrated and fractured after two years of them walking in lockstep to entirely oppose the Democratic majority and the White House.

The real question is whether the American public will be frustrated with the Republicans in 2012 for getting nothing done beyond a couple of showy forced congressional testimonies from White House officials. If that happens, and the economy finally hits its stride in 2011 and 2012 then Obama's reelection is a pretty sure thing.

There is also the question of how the nat'l Republican Party is going to stamp down the Tea Party wing, get them into line while still pandering to their base, and line up all the horses for 2012.

If we see a libertarian-minded third party candidate running in 2012, they will surely be taking votes away from the Republicans rather than Democrats and undecideds. The Tea Party is the new Religious Right and the party needs them in the big election.
 
I honestly want to throw up every time I hear Sarah Palin speak. She is so inarticulate, it really pains me. And the constant dropping of every G from a verb endin' and the use of "gonna", "wanna", "ya" and so forth in a serious speech is beyond silly.

If this is what makes me an elitist, then thank God that I am one.

That video of hers is BEYOND RIDICULOUS.
 
Boehner's a complete alcoholic allegedly, it apparently accounts for his crying jags.

Even the otherwise soft Vanity Fair write up on him recently tallked of him being a "one, two, three or sometimes more beer a night" man.
 
That's an interesting explanation.

I honestly want to throw up every time I hear Sarah Palin speak. She is so inarticulate, it really pains me. And the constant dropping of every G from a verb endin' and the use of "gonna", "wanna", "ya" and so forth in a serious speech is beyond silly.

If this is what makes me an elitist, then thank God that I am one.

That video of hers is BEYOND RIDICULOUS.

Amen to every single word of this post. I saw that video last night on TV and was just like, "What the F*CK?"

I also heard that in the first episode of her "docuseries" (it's not a reality show! It's a docuseries), she actually complains about invasion of privacy.

I'll say that again: On her TV show about her life in Alaska, she complains about invasion of privacy. Yeah :|.

Is it too much to ask that a rocket please, PLEASE send her to some faraway galaxy and never, ever bring her back? Anyone who still thinks she's something worth supporting...I don't even know what's going wrong in their minds anymore.

Angela
 
I honestly want to throw up every time I hear Sarah Palin speak. She is so inarticulate, it really pains me. And the constant dropping of every G from a verb endin' and the use of "gonna", "wanna", "ya" and so forth in a serious speech is beyond silly.

If this is what makes me an elitist, then thank God that I am one.

That video of hers is BEYOND RIDICULOUS.
totally agreed. i know she says she's a hockey mom and all that, and well she definitely proves she is. but i want politicians who are better than me and better than the typical person. if i can hear them talk and go "hey, i can do better than this" then that person shouldn't be anywhere near politics.
 
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