Showing posts with label U.S. Presidential Libraries. Show all posts
Showing posts with label U.S. Presidential Libraries. Show all posts

Friday, April 26, 2013

Bush Library Opens As His Approval Rating Is Up

Bush 43 Library opens

5-Living Presidents Gather for 43 Library Opening

Former first lady Laura Bush, U.S. President Barack Obama and first lady Michelle Obama, former President George W. Bush, former President Bill Clinton and Former first lady Hillary Clinton, former President George H.W. Bush and former first lady Barbara Bush and former President Jimmy Carter attend the opening ceremony of the George W. Bush Presidential Center April 25, 2013 in Dallas, Texas. (Former living first ladies Rosalynn Carter and Nancy Reagan did not attend.)

WAPOGeorge W. Bush will return to the spotlight this week for the dedication of his presidential library, an event likely to trigger fresh public debate about his eight fateful years in office. But he reemerges with a better public image than when he left Washington more than four years ago.

Since then, Bush has absented himself from both policy disputes and political battles. A new Washington Post-ABC News poll suggests that the passage of time and Bush’s relative invisibility have been beneficial to a chief executive who left office surrounded by controversy.

Days before his second term ended in 2009, Bush’s approval rating among all adults was 33 percent positive and 66 percent negative. The new poll found 47 percent saying they approve and 50 percent saying they disapprove. Among registered voters, his approval rating today is equal to President Obama’s, at 47 percent, according to the latest Post-ABC surveys.

Majorities said they still dis­approve of Bush’s performance on the Iraq war and the economy, but his economic approval numbers nearly doubled between December 2008 and today, from 24 percent to 43 percent, with 53 percent disapproving. Iraq remains the most troublesome part of his legacy. Today, 57 percent say they disapprove of his decision to invade, though that is down from 65 percent in the spring of 2008, the last time the question was asked.

Historians say it will take years, even decades, for any substantial revision of his presidency to take place. Bush has said he is content to let history judge him and told the designers of his presidential museum to present the facts and let visitors decide whether he was right. But some allies see Thursday’s official opening of the library in Dallas as an opportunity to begin to set his presidency into broader perspective.

“Obviously, it’s a big moment for him,” former British prime minister Tony Blair said in a telephone interview from London. “It’s a chance for him to explain that his political philosophy encompasses much more than the decisions he had to take after 9/11. We forget this sometimes. . . . This is a much more rounded person with many more dimensions to him than the caricature often portrays.”

Contemporary judgments of Bush’s presidency have been harsh. The war in Iraq, which he launched on the basis of faulty intelligence in the aftermath of the attacks of Sept. 11, 2001, left this country deeply divided. His final months in office brought a collapse of the financial system that led to the worst recession since the Great Depression. In between, his administration’s wobbly response to Hurricane Katrina damaged his image.

But Bush will return to public view at a moment when some parts of his record are being viewed more charitably. His advocacy for immigration reform and his relative success at attracting Hispanic votes, for example, are now seen as a model for a Republican Party that has awakened to its glaring deficit in the Latino community.

Thursday’s events are likely to be shorn of partisanship, though commentary around them may not be. The guest list will be topped by Obama and all living former presidents, including Bush’s father, George H.W. Bush. Blair, who stood steadfastly with Bush after the 2001 attacks and his decision to invade Iraq 18 months later, will be among the many dignitaries and Bush administration alumni who will gather on the campus of Southern Methodist University.

Karen Hughes, who served as counselor to Bush, said the former president told her that he considers the day “a joyful opportunity to give thanks” — to the other presidents for being there, to those who served in his administration, to the workers who built the architecturally handsome Bush Center.

Former advisers say no one should expect the opening of the library and museum to bring a notable change in Bush’s generally low-profile post-presidency. “It’s a little too simplistic to say this is some big coming out or that some definitive change will happen that will mark a new approach to things by Bush or his people,” said Karl Rove, who served as Bush’s chief political adviser and White House deputy chief of staff.

Still, members of Bush’s team recognize the significance of the moment and are prepared to take on some of his critics, if necessary, amid the glare of media attention this week. “Clearly some pretty significant distortions have been fostered by the current president and others,” Hughes said. “Those of us who worked for him see it [the dedication ceremony] as an opportunity to set the record straight in some cases.”

Bush advisers believe that over time, more attention will focus on aspects of his presidency that were overshadowed by the controversies of his national security and economic records. They point to his initiative to combat HIV/AIDS in Africa, which has helped save hundreds of thousands of lives; his efforts to bring accountability and higher standards to public education; and his advocacy for comprehensive immigration reform, which was rejected by his party.

Bush’s decision to stay out of the public arena in recent years reflects his humility and his belief that he owed his successor “a decent interval of silence,” as Rove called it. He played no role in the 2012 campaign, neither attending the Republican National Convention last summer nor campaigning for Mitt Romney last fall. But there was no clamor among the Republican candidates for his participation.

Instead, Bush has quietly pursued activities that grew out of his presidential agenda. Much of that work, focusing on global health, the role of women in the Middle East, education and the economy, is carried out through the Bush Institute, which was founded in 2009 and shares the 23-acre site at SMU with the presidential library and museum.

The institute and the new museum are designed to highlight the values and principles that guided Bush in office. “Freedom is really the one central axis around which everything revolves,” said Mark Langdale, president of the George W. Bush Foundation.

Bush and former first lady Laura Bush have spent time in Africa on projects related to the AIDS initiative and other health issues. The former president also spends considerable time with wounded veterans and has participated with them in vigorous mountain-biking expeditions. He has taken up painting. He and his wife recently became grandparents for the first time.

He gave 70 speeches last year and plans 60 or so this year, according to Dan Bartlett, who was counselor to Bush in the White House. The paid speeches are all off the record, but one adviser said Bush is extremely candid in the question-and-answer sessions. He and former president Bill Clinton have done a series of joint appearances.

Last week’s Boston Marathon bombing was a tragic reminder of the episode that changed Bush’s presidency. After 9/11, Bush ­implemented aggressive ­anti-
terrorism policies, many of which were embraced by the Obama administration, though not the controversial interrogation measures authorized under Bush. A recent report by the Constitution Project concluded that those policies resulted in torture of some detainees.

Some Bush allies say Obama has gone out of his way to be critical of his predecessor and often has not acknowledged what they contend were key policies that have been helpful to him. They highlight two decisions by the former president that have proved beneficial to Obama in office: One was the troop surge in Iraq, which was highly controversial at the time but which, they contend, made it possible for Obama to end the war as quickly as he did.

The other was Bush’s decision in the fall of 2008 to press Congress to pass the Troubled Assets Relief Program (TARP) to bail out financial institutions. That was equally controversial, especially among Bush’s fellow Republicans, but his advisers argue that it helped stabilize the financial system before Obama took office.

“Both reflected strong presidential leadership and, as we now see in retrospect, excellent judgment,” said Joshua Bolten, who served as Bush’s White House chief of staff.

Bolten also noted that spending during most years of Bush’s presidency was below 20 percent of gross domestic product, the target now established by House Republicans in their budget blueprint. No president since Richard M. Nixon, other than Clinton, can make such a claim, he said.

But on fiscal issues, Bush draws criticism from both left and right. Tea party Republicans regard him as a reckless spender. Democrats say his tax cuts and two wars that were not paid for helped create larger deficits, though Obama accepted making the bulk of those cuts permanent last December.

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said the country would be happy to have the deficit levels of Bush’s presidency, but she declined to praise his overall record. She said that his record on neither tax cuts nor spending “was particularly fiscally responsible.”

Bush has continued to bear much of the culpability for the condition of the economy. On Election Day last November, 53 percent of voters said they blamed Bush for the current economic problems, while 38 percent blamed Obama, according to exit polls.

Iraq looms larger than perhaps any other issue over Bush’s legacy, but Blair said the former president’s attitude toward his decisions has not changed. “There was never any doubt while he was in office, and there’s not any doubt now,” he said.

Blair said Bush continues to believe that the world is safer without Saddam Hussein in power and added: “When you see what is happening in Syria today, the sense of that argument is evident. . . . What it does is just make clear that these decisions are very difficult. If you intervene, it can be very tough. If you don’t intervene, it can also be very tough.”

One section of the Bush museum, known as the Decision Points Theater, focuses on four key decisions: the invasion of Iraq, the troop surge, the financial crisis and the response to Hurricane Katrina. Visitors will hear the information available to the president at the time and then choose what they would do in each case. Bush, on video, will explain his decisions.

Presidential historian Douglas Brinkley of Rice University recently toured the Bush museum; he called it “beautifully designed” but predicted that it would spark controversy. “It’s going to be mocked and trashed by liberal Democrats, and conservative Republicans are going to say what a marvelous place it is,” he said. As for Bush’s potential place in history, he said, “It’s going to be hard for him to rehabilitate fully.”

Stanford University’s David Kennedy predicted that judgments about Bush are not likely to change unless perceptions of Iraq and what triggered the financial crisis change first. Presidents are judged on foreign policy and economic policy, he said, adding: “In neither one of those areas do I see anything on the horizon that will change people’s opinion.”

But H.W. Brands, a professor of history at the University of Texas, said it’s quite possible that Bush’s legacy could undergo a genuine reworking as time passes. “The worse a president’s reputation when he leaves office, the better chance there is for revision,” he said. “Every so often there’s a new generation of historians, and they have to come along and challenge the conventional wisdom.”

BushLibrary-Barney and Mrs Beasley -_2545646b

Busts of presidential pets Barney and Miss Beazley are seen during a tour of the George W. Bush Presidential Center - which will house the George W Bush library.

Related:

Star-Studded Political A-List Gathers for Bush Library Unveiling

George W Bush library to open as former President's popularity soars

Busts of presidential pets Barney and Miss Beazley at George W. Bush Library

U.S. Presidential Libraries

Bush 43 Portraits Hung in White House

Monday, February 18, 2013

President’s Day

President’s Day, in theory, is a day for Americans to honor their presidents… all their presidents, yet many feel that we should be celebrating Washington and Lincoln‘s Birthdays, respectively, as has been done for generations.  Many feel that kids should spend their days at school on the 22nd (Washington) and the 12th (Lincoln) learning about these men and their times instead of having a couple days off to ‘hang out’, and that parents (adults) who are off should spend the day taking their kids to a (relatively) nearby presidential library or watching a movie or reading a book with their kids, grandkids, nieces or nephews about these two men or another American president… instead of shopping or hanging out in Vegas or at the river.

Many feel that there is no such thing as President’s Day:

We don't care what that newspaper ad says, there's no official 'Presidents' Day' holiday. By law, it's 'George Washington’s Birthday' honoring the Father of Our Country, and only him.

0218-no-presidents-day.jpg_full_380[1]

John Godzieba, portraying Gen. George Washington, walks with his troops toward the boat dock during a re-enactment of Washington's historic crossing of the Delaware River. A strong current kept the re-enactors from making the crossing from Pennsylvania to New Jersey.  Joseph Kaczmarek/AP

It’s not ‘President’s Day.’ It’s Washington’s Birthday (2012)

WASHINGTON: We know we’re swimming up a creek without a paddle here, but there is no federal Presidents’ Day holiday. We don’t care what your mattress ad says – is that a legal document?

The official name of Monday’s day off is “George Washington’s Birthday.” It’s supposed to honor the Father of Our Country, and only him. Not Abraham Lincoln, not Franklin D. Roosevelt, not any other of the nation’s former chief executives. Chester A. Arthur will just have to get his own holiday, if he can.

If you still don’t believe us take a look at the federal government’s Office of Personnel Management list of 2013 holidays. It’s the official word for the time off US bureaucrats enjoy. It calls Monday, Feb. 18, “Washington’s Birthday,” with an asterisk. At the bottom of the page the asterisk leads to a footnote.

“This holiday is designated as ‘Washington’s Birthday’ in section 6103(a) of title 5 of the United States Code, which is the law that specifies holidays for Federal employees,” says OPM. “Though other institutions such as state and local governments and private businesses may use other names, it is our policy to always refer to holidays by the names designated in law.”

Washington’s Birthday has been a national holiday since 1885.

In 1968, when Congress was considering a shuffle of three-day weekends with the Uniform Monday Holiday Act, some Illinois lawmakers tried to get the February holiday stretched to cover Abe Lincoln by calling it “Presidents Day.” But according to an account in the National Archives Prologue Magazine, Virginia legislators, jealous of their state’s prerogatives, blocked the change and maintained Washington as First in Our Hearts, First in the National League East, and First in Special-Today-Only Used Car Discounts.

Mt Rushmore 07.23.11 10

Some Obama supporters are already talking about putting Barack Hussein Obama on Mount Rushmore; a little premature don’t you think… even if you do like him?

How about Ronald Reagan first, if we are going to add someone?  He is a man/president that almost everyone loved or at least respected, while he was alive and in office, even if they didn’t agree with his politics.  Not so with BHO…

"A Time for Choosing" by Ronald Reagan – Video

U.S. Presidential Libraries

Thought or the Day… What Would Our Former Presidents Have Thought and Said If They Were Alive Today?!?

"If you will not fight for the right when you can easily win without bloodshed; if you will not fight when your victory will be sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a small chance of survival. There may even be a worse case: you may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." -- Winston Churchill

Related:

Reagan’s home could become a parking lot for Obama’s library

Not All Presidents Are Equal

Monday, February 20, 2012

It's not 'President's Day.' It's Washington's Birthday

According to the government, today is a holiday observing George Washington's birthday. It is not "President's Day." There is no such holiday on the federal calendar.

Snopes clears up the confusion:

However, the seeds of confusion were sown in 1968 with the passage of a piece of legislation known as Uniform Holidays Bill, intended to create more three-day weekends for federal employees by moving the observance of three existing federal holidays (Washington's Birthday, Memorial Day, and Veterans Day) from fixed calendar dates to designated Mondays, and by establishing Columbus Day, also to be observed on a Monday, as a new federal holiday. (Subsequent legislation enacted several years later eventually restored the observance of Veterans Day to November 11.) Under this act, from 1971 onwards the observance date of Washington's Birthday would be relocated from February 22 to the third Monday in February. (Oddly enough, this change guaranteed that Washington's Birthday would never again be celebrated on his "actual" birthday of February 22, as the third Monday in February cannot fall any later than February 21.)

So far, so good. The date of observance of Washington's Birthday might have been tinkered with a bit, but the holiday was still undeniably "Washington's Birthday." So what happened to Lincoln's Birthday? And whence came "Presidents' Day"?

The concept of combining Washington's and Lincoln's birthdays into one holiday called "President's Day" was floated as far back as the early 1950s, as the New York Times noted in 1968:

The first uniform Monday holiday plan was promulgated by NATO [the National Association of Travel Organizations] in the early 1950's. It called for combining Washington's and Lincoln's Birthdays into a single President's Day, to be celebrated the third Monday in February, and shifting Memorial Day to the fourth Monday in May, Independence Day to the first Monday in July and Veterans Day to the second Monday in November.

This initial effort met with sporadic success in a few states. But after several years of attempting to get the individual states to adopt uniform Monday holidays, it became apparent that a Federal bill was needed to serve as an example for state action.

Although early efforts to implement a Uniform Holidays Bill in 1968 also proposed moving the observance of Washington's Birthday to the third Monday in February and renaming the holiday "President's Day," the passed version of the bill provided only for the former. The official designation of the federal holiday observed on the third Monday of February is, and always has been, Washington's Birthday.

Every year the White House issues a proclamation on the third Monday of February celebrating George Washington's Birthday. There is nary a peep about "President's Day." And yet the myth persists that the Father of our Country has been dissed by taking away his special holiday.

So relax and, if you have the day off, spend some of it thinking about one of the most remarkable men who ever lived.

And stop complaining that we don't celebrate Washington's birthday anymore, and share the information

By Rick Moran  -  American Thinker

If you don’t know a lot about George Washington… He was a remarkable man, leader and servant to both God and the American people.  And, most of what you learned about him in school, was wrong.

3-books all Americans should read are: Being George Washington, The Real George Washington and George Washington's Sacred Fire

Related:

Painting of Obama Trampling the Constitution Resurfaces…

Thomas Jefferson

U.S. Presidential Libraries

PAWsome… President’s Day Pet Adoption Specials – Check in Your Area

Not Even the Nazis and Communists Tried to Control What Their Subjects Ate 

*Alexandria, Virginia, located just outside of Washington, D.C., was George Washington's hometown. It is where he dined, conducted business, went to church and had a small house for the times he was not able to return to his Mount Vernon Estate. In honor of its favorite son, Alexandria hosts several special events each year during February and Presidents' Day Weekend.

Presidents' Day in Alexandria provides a wonderful opportunity to have an exciting time exploring the life and times of George Washington through living history events, special guided tours and more. The celebration culminates with the largest George Washington birthday parade in the United States.

Monday, February 6, 2012

Happy 101st Birthday President Ronald Reagan

Video: Happy 101st Birthday President Reagan

Late President Reagan Feted on 101st Birthday

After his brief stint in Hollywood, however, he switched to the right and and is known to have said, "I didn't leave the Democratic Party. The party left me."

Fans of Ronald Reagan, the 40th U.S. president, celebrate on Monday his 101st birthday at a ceremony at his Presidential Library in Simi Valley.

The ceremony includes a color guard, chaplain, a brass quintet, a 21- gun salute and the placing of an official White House wreath on Reagan's gravesite.

Video: "The Great Communicator"

Former Mississippi Gov. Haley Barbour, who was a political aide in the Reagan administration, delivers the keynote address.

The celebration coincides with the state’s second Ronald Reagan Day that was enacted under a 2010 law written by former state Sen. George Runner.

Photos and Videos

Ronald Reagan's Best Friend

Ronald Reagan's Best Friend

WATCH

Ronald
Reagan's Best Friend

NewsConference: Ronald Reagan Presidential Library

NewsConference: Ronald Reagan Presidential Library

WATCH

NewsConference: Ronald
Reagan Presidential...

More Photos and Videos

SB 944 establishes Feb. 6 as a special day of significance in honor of Reagan, akin to other days celebrating naturalist John Muir, California teachers and the California poppy.

The bill did not create a state holiday and does not cost the taxpayers money.

“In these challenging economic times, we can learn much from our former governor and president,” said Runner, now a member of the Board of Equalization. “Ronald Reagan believed in the American people and he was confident that our nation's brightest days are ahead of us.”

Runner invited all Californians to visit www.facebook.com/ReaganDay to share a favorite memory, quote, photo or video of Reagan.

Twitter users are invited to tweet their memories using the hash tag #ReaganDay.

Los Angeles County Supervisor Mike Antonovich called Reagan “a gracious, humble patriot” who “brought respect, dignity and principle to the state house and White House.

“Through his leadership, along with Margaret Thatcher and Pope John Paul II, the Berlin Wall collapsed, we saw the end of Soviet communism and the hammer and sickle joined the swastika on the junk pile of history,” said Antonovich, who served in the Assembly when Reagan was governor, was his representative on the Platform Committee at the 1976 Republican National Convention and his appointee to several federal commissions.

You can watch the ceremony online.

America remembers our beloved 40th president today! In honor of President Reagan’s 101st birthday, Americans For Prosperity put together the great video above reminding us of the time-tested truths Reagan stood for. at the Reagan Ranch in Santa Barbara, CA

Last year at this time, I had the honor of speaking at the Young America’s Foundation’s Reagan Centennial dinner at the Reagan Ranch Center in Santa Barbara. You can watch or read the speech here; it was an homage to Reagan’s famous “Time for Choosing” and a discussion of the state of our nation today.

During the Illinois leg of the One Nation Tour, we got to visit Reagan’s hometown of Dixon, as well as his alma mater, Eureka College. It was a very moving experience, which I wrote about here, here and here.

As I wrote in an op-ed last year on Reagan’s centennial:

I had the privilege of coming of age during the era of Ronald Reagan. I like to think of him as America's lifeguard. As a teenager, Ronald Reagan saved 77 lives as a lifeguard on the Rock River, which ran through his hometown of Dixon, Ill. The day he was inaugurated in 1981, a local radio announcer famously declared, "The Rock River flows for you tonight, Mr. President."

The image of the lifeguard seems to represent what Reagan was to America and to the freedom-loving people of the world. He lifted our country up at a time when we were in the depths of economic, cultural and spiritual malaise. We were told that we must accept that the era of American greatness was over; but with his optimism and common sense, President Reagan held up a mirror to the American soul to remind us of our exceptionalism.

at the Rock River in Dixon, IL

Happy Birthday from the Palins!

When Ronald Reagan passed away after his long fight with Alzheimer's where few saw him because of his beloved Nancy’s diligent attempt to preserve the public’s memory of the President in a better light than the final years treated him.  The outpouring of love and attendance of events as people of both parties lined the streets of Simi Valley for miles, portrayed what would be his place in history.  Ronnie was a larger than life figure that brought people together.  People of both parties loved Reagan as a person and as an American hero who fought for America (and California), whether you agreed with his politics or not.  Just about everyone loved Ronnie because he love them and America! M~

Tuesday, January 24, 2012

Tax Returns: Romney Made $20.9 Million Last Year, $21.7 Million in 2010 - Updated

I say… enough!  Here are Romney’s taxes and everything he did is within in the law. Making money and managing it well in a free-market capitalistic society should be considered a good thing to be emulated, not a bad thing.  Romney did not inherit his money… he earned it.  And he pays the required taxes on it (more taxes than 97% of America) and he tithes more than 10% back to his church, as the Bible calls on all Christians to do, plus gives a lot to charity!  Don’t like the law… lobby to have it changed or let’s move to a flat or fair tax.  But remember… Romney did not inherit his money and the great thing about America is that anyone can become a millionaire.  Maybe he can manage our county’s finances as well as he has his own and can turn our nation around?!?  (Gingrich was not even able to manage the money for his presidential campaign effectively and ended up having his advisors and staff mis-use and steal it…  Is that really what we need in the financial mess we find ourselves in as a country?  That is why Gingrich was not able to participate in the Iowa Straw Poll.)

On the list(s) of most beloved American Presidents, ranging from one of the poorest to the richest, are: George Washington, Thomas Jefferson, Abraham Lincoln, Andrew Jackson, Woodrow Wilson, FDR, Harry Truman, Dwight D. Eisenhower, JFK, Ronald Reagan, and Bill Clinton in varying order and depending who you are polling. (Although President Obama, in a recent speech has said he is the 4th greatest president of all time… no modesty issues there!) Another interesting observation is that Teddy Roosevelt whose head is one of the four at Mt. Rushmore, thanks to his cousin FDR, is never on the most beloved or most influential U.S. Presidents lists. On the Five last week, both the libs and conservatives on the panel agreed that if Newt and Obama end up being our 2012 Election candidates, by the time the election is over they will have parleyed themselves up on the same level as God?!?)

An interesting side note: in today’s money… George Washington was the richest American President we have ever had and Mitt Romney, although very wealthy, would not be the richest. Thomas Jefferson, FDR and JFK were also extremely wealthy; JFK lived off his expense account almost exclusively. And John Heinz, had he have been elected would have been one of the richest. The Bushes are no pikers either!  Even our “redistribute the wealth President, Obama, is a multi-millionaire”.

Tuesday, 24 Jan 2012 12:28 AM

Tax Returns: Romney Made $20.9 Million Last Year, $21.7 Million in 2010

By Newsmax Wires

Mitt Romney made $21.7 million in 2010 and $20.9 million last year — virtually all profits, dividends or interest from investments, according to an early release of his tax returns.

The partial snapshot of the Republican presidential hopeful's vast personal fortune came early Tuesday after the Romney campaign provided a preview Monday night to the media. A full release is expected today.

None of the income came from wages, the primary source for most Americans. Instead, Romney and his wife, Ann, collected millions in capital gains from a profusion of investments, as well as stock dividends and interest payments, the Post reported, citing the tax returns.

The Romneys gave away $7 million in charitable contributions over the past two years, including at least $4.1 million to the Mormon Church.

They paid an estimated $6.2 million in federal income taxes. According to Romney's 2010 tax return, he paid about $3 million to the IRS, for an effective tax rate of 13.9 percent, the Post reported. For 2011, Romney estimates that he will pay about $3.2 million, for an effective rate of 15.4 percent, which is in line with his earlier estimates.

He said previously that he estimates his net worth at $190 million to $250 million.

Romney, who earned most of his wealth after co-founding private equity firm Bain Capital, bowed to weeks of public pressure by disclosing his 2010 federal tax return and a tax estimate for 2011.

His surging rival for the Republican presidential nomination, Newt Gingrich, released a form 1040 — the standard income-reporting form for American taxpayers — with attachments last week, showing his income for the year was about $3.1 million and his effective tax rate more than 31 percent. Some sources of Gingrich's income were unclear because he earns most of his wealth through a holding company for enterprises such as his consulting and production companies.

Romney did not release tax returns from his time at Bain Capital. Romney co-founded the firm in 1984 and worked there until 1999. Tax returns from those years might show how Romney built the bulk of his fortune and would provide a more comprehensive picture of his wealth but the campaign said it would not be releasing them.

Romney's campaign lawyer Ben Ginsberg told reporters late on Monday: "Frankly we're not going to get into the game of once you give them something, you demand more. This is a fulsome release and we are very proud of it."

Even at more than 500 pages, the returns offer a narrow look into a working life of high income, and questions may persist over fairness in taxation. "The tax returns are very complicated compared to those of many Americans," said Brad Malt, director of Romney's trusts.

The effective tax rate is the actual tax rate paid after accounting for deductions, credits and the like. An individual might make enough to place among the richest Americans taxed at 35 percent but with deductions and alternative types of income, the actual rate paid can be much lower.

Like many of the wealthiest Americans, Romney gets most of his income through investments, so his rate trends lower in large part because of the 15 percent tax rate on capital gains. Romney had total capital gains income of $12.5 million for 2010 and an estimated $10.7 million for 2011.

Much of Romney's fortune likely qualifies as what is known as "carried interest," a share of profits earned by private equity managers taxed at the 15 percent capital gains tax rate rather than the maximum 35 percent wage rate. Private equity managers, some hedge fund executives and venture capitalists benefit from carried interest.

Campaign officials said Romney had carried interest of $7.4 million in 2010 and $5.5 million in 2011.

Critics say the 15 percent rate for carried interest is an unfair tax break because investment managers, as Romney was, are providing a service that should be taxed at the higher rate paid by wage earners.

Democrats in Congress have come close to raising the rate to have it equal the rate paid on "ordinary" or wage income but fierce lobbying has paid off so far for the private equity, venture capital and hedge fund industries.

The release shows Romney has a $100 million trust set up for his five sons. The campaign said the Romneys paid no gift taxes on the trust because they were able to use credits related to estate tax.

Romney's investment funds run through Bain are in offshore tax havens such as the Cayman Islands, a practice the campaign insists is legal and common but that has come under some criticism during the campaign.

The Romney campaign's answer to questions on this front has been that he does not control the makeup of the funds because they are run as blind trusts.

Some of these investments also are held through two Individual Retirement Accounts and investing IRAs offshore can eliminate all taxes until withdrawals are made.

Malt said that at one point money had been placed in a Swiss bank account and that this had been meant to diversify the portfolio but, aware that some such accounts are used to evade taxes, Malt decided to close it in early 2010 to remove a potential source of embarrassment. He said the account was never meant to evade taxes, and no taxes went unpaid.

As a devout Mormon, Romney gives away at least 10 percent of his income to the Mormon church, a practice known as tithing.

The documents showed he and his wife, Ann, contributed more than $7 million in charity over the two years, averaging over 16 percent of his income.

Source: Newsmax - All rights reserved.

Editor’s Note: Romney’s Secret to Skirting the IRS Despite raking in $21.7 million, Romney likely paid a lower tax rate than you did by exploiting these obscure tax secrets (Click here to see them)

Read more on Newsmax.com: Romney's Tax Returns: Mitt Paid Less than 15% taxes on almost 22 million.
Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!

*Romney has now released his taxes for 2010 and 2011.  Gingrich has released his for 2010.  Santorum says he does his own and won’t be able to release them until he gets back home at some time because they are on his computer.  And Paul says he won’t be releasing his because he makes so little compared to everyone else, it would be embarrassing, plus it is not required!!  Yes folks… it is not required. All Candidates fill our volumes of documents when they run including extensive  financial disclosure forms, but tax returns are not required.

*In a special interview with Mitt Romney on Hannity it was pointed out that the taxes on this money is a second bite of the apple. Romney is paying 15% on the bulk of the funds in these returns because he is now living on investments so is paying a capital gains tax. Corporate taxes were already paid on these funds and now the Romneys are paying an additional 15% on these funds. So when you add the corporate taxes, the capital gains taxes on the re-invested money and his charitable contributions, Romney pays somewhere between 34% and 42%.

Tuesday, February 8, 2011

Thomas Jefferson

 

clip_image002

Thomas Jefferson was a very remarkable man who started learning very early in life and never stopped.

· At 5, began studying under his cousins tutor.

  • At 9, studied Latin, Greek and French.

  • At 14, studied classical literature and additional languages.

  • At 16, entered the College of William and Mary.

  • At 19, studied Law for 5 years starting under George Wythe.

  • At 23, started his own law practice.

  • At 25, was elected to the Virginia House of Burgesses.

  • At 31, wrote the widely circulated "Summary View of the Rights of British America " and retired from his law practice.

  • At 32, was a Delegate to the Second Continental Congress.

  • At 33, wrote the Declaration of Independence ..

  • At 33, took three years to revise Virginia ’s legal code and wrote a Public Education bill and a statute for Religious Freedom.

  • At 36, was elected the second Governor of Virginia succeeding Patrick Henry..

  • At 40, served in Congress for two years.

  • At 41, was the American minister to France and negotiated commercial treaties with European nations along with Ben
  • Franklin and John Adams.

  • At 46, served as the first Secretary of State under George Washington.

  • At 53, served as Vice President and was elected president of the American Philosophical Society.

  • At 55, drafted the Kentucky Resolutions and became the active head of Republican Party.

  • At 57, was elected the third president of the United States .

  • At 60, obtained the Louisiana Purchase doubling the nation’s size.

  • At 61, was elected to a second term as President.

  • At 65, retired to Monticello ..

  • At 80, helped President Monroe shape the Monroe Doctrine.

  • At 81, almost single-handedly created the University of Virginia and served as its first president.

  • At 83, died on the 50th anniversary of the Signing of the Declaration of Independence along with John Adams

Thomas Jefferson knew because he himself studied the previous failed attempts at government.  He understood actual history, the nature of God, his laws and the nature of man.  That happens to be way more than what most understand today.  Jefferson really knew his stuff.  A voice from the past to lead us in the future:

John F. Kennedy held a dinner in the white House for a group of the brightest minds in the nation at that time. He made this statement: "This is perhaps the assembly of the most intelligence ever to gather at one time in the White House with the exception of when Thomas Jefferson dined alone."

When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe . …Thomas Jefferson
The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.   …Thomas Jefferson

It is incumbent on every generation to pay its own debts as it goes.  A principle which if acted on would save one-half the wars of the world. ... Thomas Jefferson

I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them. …Thomas Jefferson

My reading of history convinces me that most bad government results from too much government. …Thomas Jefferson

No free man shall ever be debarred the use of arms. …Thomas Jefferson

The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government. …Thomas Jefferson

The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. …Thomas Jefferson

To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.     …Thomas Jefferson

The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government. …Thomas Jefferson

Thomas Jefferson said in 1802:

I believe that banking institutions are more dangerous to our liberties than standing armies.  If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered.


I wish we could get this out to everyone!!!


+++++++++++++++++++++++++++++++++++++

I'm doing my part.  Please do yours...

U.S. Presidential Libraries