Hillary & Obama have got to be having “Brain Farts”.

Hillary announced while campaigning in Pennsylvania she is proposing billions of dollars a year to keep jobs from being shipped abroad. Get a load of this, Hillary proposes the elimination of tax breaks for companies that move jobs to other countries and use the savings to provide $7 billion a year in tax incentives to persuade companies to "in-source" (a new Democrat word) jobs in the United States, according to “StarTibune.com”. 

Pennsylvania has suffered the loss of manufacturing jobs in recent years and have yet to transition to new industries and other ways of expanding their economies.

This is what I call “rob Peter to pay Paul”. Clinton's plan would offer new tax benefits for research and job development. It would also create "innovation and research clusters" and provide $500 million annually in investments to encourage the creation of high-wage jobs in clean energy.

Obama seems confident that an increase in capital gains rates will do much to help an economy in crisis:

"What it will also do is first of all help out the federal Treasury, which is running a credit card up with the bank of China and other countries,” said Obama. "What it will also do, I think, is allow us to make investments in basic scientific research, in infrastructure, in broadband lines, in green energy and will allow us to give some relief to middle class and working class families who have been driving this economy as consumers but have been doing it through credit cards and home equity loans. They're not going to be able to do that.”

Hillary and Obama are having “Brain Farts”. Hillary is eliminating tax breaks from companies that move jobs offshore. What is the reason they are doing this? To avoid paying corporation taxes. So what do you think these companies will do to avoid paying the added taxes? They will establish their headquarters in countries that don’t have corporate taxes and then everybody in the company will either relocate or lose their jobs. She will have to appropriate the $500 million annually anyway because she is beholding to the big labor unions, but now guess who will pay the bill? The same people she said she would help.  As far as Pennsylvania is concerned, R & D jobs will not replace the ‘Nut & Bolt” jobs lost in that state.

 Her “in-sourcing” really means she will import H1-B Aliens, which are highly educated people from India and other low paying countries and of course they will not go back.        

Obama is raising the capital gains tax at least to 28% from 15% to provide relief to middle class and working class families. First of all, middle class and working class families are the same. Guess what they are the biggest individual holders and traders of stock and they will be hurt the most. What do you think these poor little individual stock holders will do? I know what I will do. I will sell off my stock holdings at the end of the year and get right into the bond market.  Don’t the working middle class own Real Estate? The devil is in the detail on this one.

The big guys will sell off at the end of the year and buy and hold stocks for long term investment and also get into bonds until after the new President gets installed. After a very big sell off and the bottom falls out of the market the individual and big guy bond holders will start buying stock for holding long term and wait four years for a Republican to get back in the White House.

Hillary and Obama are making you think the tax burden got lighter for the rich and heavier for the poor. But the Congressional Budget Office numbers show. The top 1 percent of earners went from paying 27.7 percent of the tax burden to 31.2 percent -- an increase of 12.6 percent. The bottom 20 percent, meanwhile, saw its share of the tax burden go from 9.1 percent to 4.3 percent.  It was actually cut in half, and then some: (This is being reported by Rebecca Haglin on townhall.com)

These two socialist’s, Hillary and Obama have proposed nothing that will make our life better. All of their “Brain Farted” proposals so far, the government will lose money and the working middle class will just be worse off.

Just about all the States that are in trouble, for loss of jobs and in money trouble, are States that are run by Democrats who are influenced by big labor unions. Indiana was run for 16 years by the Democrats and when the Republican Mitch Daniels took over he found the treasury empty. Daniels is up for reelection and the Democrat running against him wants to reinstate everything he has cut which still leaves the State in a multimillion dollar deficit. Most of the manufacturing in Indiana is labor union run.

On her latest campaign of lies tour, she citied she would prevent the off shoring of defense-related production, citing an Indiana company that once produced sophisticated magnets for the Pentagon's precision-guided missiles. The Magnequench factory (originally known as UGIMAG) was sold in August 2000(Bill Clinton was still President) to a consortium that included Chinese interests. In 2001, it was announced the plant would be shut down. In 2003, the company, Magnequench, shuttered its last Indiana factory and shifted operations to China. How many other plants did this company have and when were they shuttered? Here is some history about Magnequench and maybe you will get the real story:    

In 1995, Magnequench was purchased from GM by Sextant Group, an investment company headed by Archibald Cox, Jr., the son of the Watergate prosecutor. After the takeover, Cox was named CEO. What few knew at the time was that Sextant was largely a front for two Chinese companies, San Huan New Material and the China National Non-Ferrous Metals Import and Export Corporation. Both of these companies have close ties to the Chinese government. Indeed, the ties were so intimate that the heads of both companies were in-laws of the late Chinese premier Deng Xiaopeng. Who was the President and Governor in 1995?

Three years later Cox shut down the Anderson Indiana plant and shipped its assembly line to China. (Where was Hillary then?) Now Cox is presiding over the closure of Magnequench last factory in the US, the Valparaiso, Indiana plant that manufactures the magnets for the JDAM bomb. Most of the workers have already been fired. Who was President and U.S. Senator in 1998?

Archie Cox and his company are committing a criminal act," says Mike O'Brien, an organizer with the UAW in Indiana. "He's a traitor to his country." Did he say any thing when the Anderson plant was closed? NO because he would have had to blame the Clinton which he and his union supported.

It's clear that Cox and Sextant were acting as a front for some unsavory interests. For example, only months prior to the takeover of Magnequench, San Huan New Materials was cited by US International Trade Commission for patent infringement and business espionage. The company was fined $1.5 million. Foreign investment in American high-tech and defense companies is regulated by the Committee on Foreign Investments in the United States (CFIUS). It is unlikely that CFIUS would have approved San Huan's purchase of Magnequench had it not been for the cover provided by Cox and his Sextant Group. I guess Billy Bob was sitting on the oval office desk with Monica in the chair when all this was going down. Pardon the pun.

The answer to the questions above are, Billy Bob Clinton, Pres and Evan Bayh, Gov. in 1995 and in 1998 it was Billy Bob Clinton, Pres and Evan Bayh, U.S. Senator. The two were partners in crime, accepting money from the Labor Unions.

Hillary had another “Brain Fart” because she knows full well that this screw-up took place under her Husband’s watch and she is now trying to deflect the blame on to President Bush. The fact also is that the only source of the magnet material is now in China, it made sense to move the manufacturing closer to the source. The Magnequench decision could not be reversed by the Bush Administration because China already owned the company.

What about Hillary trying to duct the snipers bullets, another “Brain Fart”.

What about Obama’s troop pullout policy which was just putdown by a guy he hired to prove his strategy was good, another “Brain Fart”.