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I'll admit when it comes to politics, I don't know all the processes. So, can you guys answer some concerns of mine on fundraisers (FRs)?

My research is admittedly lacking but, as of 6/12/2012 he had accumulated 160 fundraisers* and, since the beginning of his second term until 3/16/2014 had 45 more. So, close to or over 200 total. I also read that the average time he spends speaking and such is @ 2 hours. That adds up to over 16 days of being "out-of-office".

*He opted out of the public election fund but, doubt if that applies to FRs since sworn in in 2008.

I assume each fundraiser our Muslim in Chief (and other presidents) goes on, we foot the bill.

#1 question is why?  If I am not associated with that party, why should I foot the bill?

#2 question is, are there limits to the number and frequency?  

It seems to me the cost of security, Air Force One and, all that goes along with a presidential public appearances on that many fundraisers is quite excessive and, obviously, one sided. The link below discusses his various trips abroad. The report states that according to the Freedom of Information Act, Air Force One, all by itself, costs $228,000 per hour. I think it is safe to say he is not trying to save us any money.

Lets say he flies from D.C. to California, a round trip of 10 hours. $228,000 X 10 = $ 2,228,000 just for airfair!!!!!  What are the odds his fundraising exceeds the cost of the trip getting there? Even on a short trip?

If he truly had fiscal responsibility in mind, he would fundraise via video conference.

http://www.newsmax.com/Newsfront/Obama-travel-presidents-summit/2014/03/24/id/561415/

As recently as his State of the Union address this past January, President Obama wasreaffirming the support he announced last August for bipartisan plans making their way through both chambers of Congress to drastically reduce and/or eliminate the two lending giants’ outsized footprint in the housing market, pressuring lawmakers to “send me legislation that protects taxpayers from footing the bill for a housing crisis ever again, and keeps the dream of homeownership alive” by shifting the market more toward private lending. Opposition to the plan’s practical implications from some highly interested parties in the housing sector, as well as the upcoming midterm elections, have put Congress’s legislative role in the Fannie/Freddie drawdown in fuzzy and protracted territory — so in what will doubtless be the long interim before we see any major Congressional action on that front, the Obama administration is now planning to use their regulatory authority to… ramp up their role in the mortgage market and basically promote more risky lending? What? Via the NYT:

The federal overseer of Fannie Mae and Freddie Mac on Tuesdayannounced a shift in policies intended to maintain the mortgage finance giants’ role in parts of the housing market, spur more home lending and aid distressed homeowners.

“Our overriding objective is to ensure that there is broad liquidity in the housing finance market and to do so in a way that is safe and sound,” Melvin L. Watt, the new head of the Federal Housing Finance Agency, said in a speech at the Brookings Institution in Washington. …

Mr. Watt’s changes would perpetuate the presence of the two government-sponsored enterprises in mortgage finance, rather than shrinking it. …

Mr. Watt laid out several specific measures. For example, rather than reducing current limits on the size of the loans they guarantee, as previously proposed by the former overseer, Fannie and Freddie would keep the current, relatively loose, limits in place. The two enterprises back about two-thirds of all new mortgages.

The White House, via Jay Carney, applauded “the Federal Housing Finance Agency for issuing certainty and clarity on the rules of the road for loans backed by Fannie Mae and Freddie Mac” on Tuesday, and as Bloomberg notes:

Watt’s policy decisions will play an increasingly pivotal role in the nation’s housing finance system as bipartisan efforts to wind down Fannie Mae and Freddie Mac appear to be stalling in the Senate.

The Senate Banking Committee is expected to vote Thursday on a measure that would replace the two companies with a reinsurer of mortgage bonds that would suffer losses only after private capital was wiped out. The bill doesn’t have enough Democratic support to advance beyond the committee and legislative efforts to remake Fannie Mae and Freddie Mac are unlikely to continue before next year.

Well. So much for that, and in the meantime, it looks like the Obama administration just couldn’t resist the urge to keep getting the federal government increasingly involved in the economy.

Read more at:  http://hotair.com/archives/2014/05/15/obama-admin-officials-oddly-not-downsizing-fannie-maefreddie-mac-like-they-proposed-to-do/

May 9, 2014

Mr. Steven Slazinik

IRS Criminal Investigation Unit

Phoenix, AZ 85012

Dear Steve:

Enclosed for your review is documentation regarding tax fraud that I believe occurred in 1991.  The best case scenario is that the individual filed his tax return but failed to pay required employer & employee social security taxes.   Worst case scenario the individual failed to file a tax return for 1990.   

I believe the fraud penalty would apply since the individual was a recent graduate of Harvard Law School and as expert on constitutional law would have “had knowledge of its falsity and intended that it be acted upon or accepted as the truth”.

FRAUD OVERVIEW

Tom Draper reported in GQ Magazine’s November 2009 issue (www.gq.com) that President Obama signed a six-figure contract with Poseidon Press on November 28, 1990.  The exact amount was reported as $150,000 by Christopher Andersen in his book Barack and Michelle: Portrait of an American Marriage.  According to Jack Cahill, Barack Obama was advanced $75,000 for the book.  It’s not unusual in the publishing business to receive one-third to one-half of the contract value upfront. However, a $75,000 advance would have required a recent law school graduate strapped with heavy student debt to pay the IRS $25,000 four and ½ months later.  I have been a CPA for 34 years and I’m Certified in Financial Forensics. In 1988 I was hired by the Arizona House of Representative in the Senate Impeachment Trial of Governor Evan Mecham.  My forensic analysis of an improper $80,000 loan from a political fund to a private car dealership justified the Impeachment of Governor Mecham. 

HISTORY OF INCOMPETENT TAX PREPARATION

In the fall of 2012 I reviewed the tax returns of both presidential candidates.  During my analysis of President Obama’s 2001 Individual Tax Return, I found 10 math errors.  The errors were simple arithmetic errors and confirmed a high level of tax incompetency.   President Obama’s 2001 tax return wasn’t signed by a paid preparer.  I verified that the Obama’s prepared three different drafts of their 2001 tax return.  The first draft calculated an income tax liability of $79,000.  This would have required taxable income of $271,000.  In contrast, President Obama’s website shows 2001 taxable income of $250,000.   President Obama ended up paying income tax on $21,000 of phantom income that resulted in sending Uncle Sam an extra +$7,300.  Based on the fact that Barack Obama used bits and pieces from three different 2001 tax drafts, made 10 errors, overpaid his taxes by $7,300 by claiming $21,000 of phantom income, President Obama lacked the necessary competency to correctly prepare his taxes.     

I believe President Obama committed tax fraud in 1991 by mishandling a $75,000 book advance he received from Poseidon Press in November of 1990.  I have calculated two tax scenarios: 1) failed to pay social security taxes and owes IRS $43,000 or 2) failed to report $75,000 currently owes the US Treasury in excess of $130,000. Failure to file and pay income taxes is a federal felony

There are two methods to verify that Barack Obama committed tax fraud.  Congress has given the Whistleblower Office the authority to hire experts for our expertise in order to expedite the fraud investigation. I will agree to waive my hourly billing rate of $225.00.  I estimate that the fraud investigation of President Obama can be completed in 1 minute!

If House Speaker John Boehner wants to level the debt negotiating playing field he should ask Congress to verify whether President Obama is a tax fraud?  Last fall President Obama challenged Mitt Romney to come clean and release his tax returns so voters would know whether he paid his fair share.  Randall Sorensen, CPA is asking President Obama to come clean regarding the filing of his 1990 tax return when he signed a six-figure contract book deal with Poseidon Press. Failure to do so would be a violation of Title 26-Internal Revenue Code.

Tea Party members will question my sanity for alleging that President Obama committed a felony via tax evasion.  My decision is simple…   if President Obama wants 310 million Americans to follow mandated federal law then President Obama needs to prove to Americans that he has ALWAYS been in compliance with the US Tax Code as required by every citizen of the United States.    

Tom Draper reported in GQ Magazine’s November 2009 issue (www.gq.com) that President Obama signed a six-figure contract with Poseidon Press on November 28, 1990.  The exact amount was reported as $150,000 by Christopher Andersen in his book Barack and Michelle: Portrait of an American Marriage.  According to Jack Cahill, Barack Obama was advanced $75,000 for the book.  It’s not unusual in the publishing business to receive one-third to one-half of the contract value upfront. However, a $75,000 advance would have required a recent law school graduate strapped with heavy student debt to pay the IRS $25,000 four and ½ months later.  I have been a CPA for 33 years and I’m Certified in Financial Forensics. In 1988 I was hired by the Arizona House of Representative in the Senate Impeachment Trial of Governor Evan Mecham.  My forensic analysis of an improper $80,000 loan from a political fund to a private car dealership justified the Impeachment of Governor Mecham. 

Last fall I reviewed the tax returns of both presidential candidates.  During my analysis of President Obama’s 2001 Individual Tax Return, I found 10 math errors.  All of the errors were simple arithmetic errors that would have been prevented with a computerized program such as Turbo Tax. 

President Obama’s 2001 tax return wasn’t signed by a paid preparer and it would appear the tax return was prepared by President or Ms. Obama.  I determined that the Obamas prepared three drafts of their 2001 tax return.  The first draft calculated an income tax liability of $79,000.  This would have required taxable income of $271,000.  In contrast, President Obama’s website shows 2001 taxable income of $250,000.   President Obama ended up paying income tax on $21,000 of phantom income that resulted in sending Uncle Sam an extra +$7,300.  I think Republicans and Democrats will unanimously agree that President Obama is one of the greatest orators of our time.  The same can’t be said regarding President Obama’s skill as a tax preparer!

Based on the fact that President Obama used bits and pieces from three different 2001 tax drafts, made 10 errors, overpaid his taxes by $7,300 by claiming $21,000 of phantom income, it would appear that President Obama lacked the accounting skills to competently prepare his tax return.  If President Obama wasn’t proficient at preparing his taxes in 2001 it’s not a stretch to assume that he wouldn’t have been proficient in 1990.

I believe President Obama’s has a massive skeleton in his tax closet as it relates to the mishandling of the est. $75,000 book advance from Poseidon Press in November of 1990.  I have determined only three tax scenarios exist: 1) filed correctly and paid the IRS $25,000, 2) reported income as passive, failed to pay social security taxes and owes the IRS $41,000 or 3) failed to properly report the income and currently owes the US Treasury in excess of $123,000. (www.randallsorensencpa.com/obama)

Barack Obama was flush with cash at the end of 1990.  However over the next 1 ½ years he failed miserably to deliver a completed manuscript to Poseidon Press in June of 1992.  Tom Draper reported that Obama had other things on his mind, namely the impending October 3^rd marriage to Michelle. Writer Christopher Anderson wrote “when Barack informed them that he had spent the money and that he and his wife were still chipping away at their massive student loan debt – the publisher agreed not to press the issue”.  Draper wrote that Poseidon terminated Obama’s contract on October 20, 1992.

In January of 2007, Barack Obama engaged in some skeleton housekeeping. According to the Somerville News, Barack Obama shelled out $375 to pay 15 parking tickets accumulated at Harvard in the late 80’s. The majority of Americans abide by parking restrictions and if we’re unlucky enough to receive a ticket we stuff money in an envelope and mail it within days. This wasn’t the case for Barack Obama.  He waited nearly 20 years before deciding to settle his delinquent ticket balance. The apparent reason was his decision to enter the presidential campaign two months later.  Why didn’t Obama come clean earlier after banking millions in book royalties in 2005/06?  

Could Barack Obama have decided to clean up any tax obligations from 1990?  Absolutely….  but highly unlikely for the following reasons:  First, failure to file and pay income taxes would be admitting to the commission of a felony.  Second, the original $25,000 tax balance had grown to over +$100,000 with interest and penalties. Third and probably a game changer, is the consequences surrounding an ethics violation for failing to accurately complete his United States Senate Financial Disclosure Report.  Senator Obama would have been required to list the outstanding tax liability on his 2005 report.  Failure to do so is a violation of 5 U.S.C. app. 4 § 104, and 18 U.S.C. § 1001. The fine for filing a false report is up to $50,000 be imprisoned for up to one year.  If discovered this would have probably ended his candidacy before it got started. 

People have grown tired of the manner in which President Obama talks down to his peers. Former President Ronald Reagan could be tough but according to a Marine friend who served in the White House, he had a heart of gold.  If President Obama is able to mandate 310 million Americans to follow the US Tax Code, then I want proof that President Obama complied with the US Tax Code his entire life. The IRS cuts no one slack.  The manner in which the IRS aggressively pursues tax evaders should be the same….   even for Presidents. I informed Senator Cruz, Senator Grassley, Congressman Boehner, Congressman Issa and Congressman Gowdy how in 1 minute they can verify whether President Obama committed a felony.  If President Obama wants people to buy into Obamacare then he needs to show 310 million Americans that he has ALWAYS been in compliance with the US Tax Code.  What is wrong with Congress checking the integrity of our President?  Especially if it can be done in 1 minute!

Michael Lombardi in his latest publication talks about an economic downfall that will possible take place in 3^rd or 4^th quarter of 2013. He named this prediction as Critical Warning Number Six which according to him will be more severe and devastating than the one in 2007-08. Since its publication, the prediction has created much buzz and controversy among investors and stock owners which is how it gained popularity among the masses. Lombardi says that his prediction is in fact based on current market and economic trends that seems temperate at the moment but will turn ugly and extreme in the future.

He points out that the current bullish market is one of the biggest indications that the US economy will fall in the deadly pit of recession in the forthcoming days. The United States Economy has been recovering from the destructive effects of recession that happened 5 years back in 2007. Current look at the market and economic figures reveal that the economy has recovered enough and the market is indeed earning large profits with major stock and investment sectors becoming more and more powerful. Investors who are currently involved in investment pursuits are earning decent returns and businesses that were under losses are gaining progressive momentum.  According to Lombardi such kind of economic growth is a marker of an upcoming recession since historical records propose the fact that whenever economy reaches its pinnacle of growth a recessional event occurs and bring things back to normal. Due to this cyclic trend economy is always growing and this cyclic chain of growth and downfall will continue to happen in the future as well.

More over Lombardi indicates that the current global economic scenario is not so pleasant either. Presently Europe is still under the effects of a sovereign-debt crisis and a deeper look in the European economy reveals that Southern Europe will be remain under recession for the present year 2013 primarily because of high unemployment rates and hard hitting austerity programs. In addition, recent development indicates the starting of a global currency war by major economies like Japan, Brazil, Switzerland, Venezuela, etc. as all these nations are getting engaged in manipulating their exchange rate and bringing down their currency values in an attempt to import inflation and boost money flow in their own local economies. As per Lombardi there is no particular winner or loser in a currency war but such developments will surely affect the business of US entrepreneurs who are engaged in foreign trade and invested a good amount of capital in economies overseas.

Thus the current foreign and local issues indeed appear to be chaotic and under such negative circumstances market can indeed collapse in the upcoming days. Therefore Lombardi recommends investors to buckle up at present when things are still pleasant and start preparing for this upcoming downturn. The main purpose of Lombardi’s critical warning number six is not to create panic and havoc among investors but to enlighten them about the approaching danger so that they can make the best move now in order to evade the dangers that lies ahead.

          One of the most common and frustrating complaints of fiscal-conservatives and Constitutional-conservatives is watching what a terribly inadequate job so-called conservative leaders do in articulating the nature of the mess in Washington and in putting the standard of truth forth against the never-ending progressive lies and distortions.  Recently, a nearby (Westminster, CO) weekly ran a letter to the editor dissing Mitt Romney and supporting Barack Obama in the form of a godawful parable about country life and muddy roads.  Here's the letter I wrote in response and expect to appear in the Westminster Window this Feb. 15th.

    Letter-to-editor writer Rich Stewart’s quaint (1/26) story imitated the approach of a Nazarene parablist (circa 33 A.D.) while attempting to discredit Republican presidential candidate Mitt Romney.  I am NOT a Romney supporter but totally DISrespect near-totalitarian big-government-deluded social-engineer Barack Obama. 

    A parable’s power lies in telling a simple story with universal application easy for ordinary folks to hear.  Mr. Stewart’s story missed the standard of simple-profundity badly because his parable lacked an underlying true analogy. 

              “Once a preacher named Obama drove a Deeeconomy SUV. Obama blamed the previous preacher because Deeeconomy was in the ditch all the time.  One day, however, we saw him deliberately drive into the ditch.  Then his principle supporter, Progreh Sivdemocrat got several thousand bags full of $100 bills and using them as kitty litter hoped to change things by providing traction for the preacher’s SUV.  Progreh Sivdemocrat’s big tractor got stuck and it took five hours, several other tractors, and a passel of farmers with hip boots, shovels and planks to free everyone.  Meanwhile the money flowed downriver and was eventually used by a blind friend of Preacher Obama as kindling for his fireplace."

    Translation:  in 1977, President Carter and his progressive congress passed CRA’77 aiming to give a private home to everyone, whether they could afford it or not.  Progressive president Clinton and ACORN helped expand CRA’77 four times (three times legislatively) so that 1977’s 0.24% suspect home loan rate expanded to 2007’s devastating 34.2% suspect loans many at 0% down payment to people without jobs or credit whose only “income” was food stamps  -- even to illegal aliens.  By the way, in fairness: one of the “stuck tractors” belonged to George H. W. Bush who won 45 of his 46 vetoes but did not veto the first expansion of CRA’77 in 1992.

    One more thing:  in 1930 it took a total of 57 seconds worth of work for the average American to pay off all his local, state and federal income taxes.  Today that average American works 99 days before he's free of income taxation; which doesn't include a host of other taxes including 7+% for state sales tax and huge gasoline taxes as well.

Ya'all live long, strong and ornery,

Rajjpuut

"He is a top executive at JPMorgan Chase, where he is paid as much as $5 million a year and supervises the Washington lobbying efforts for the nation’s second largest bank. William M. Daley also serves on the board of directors at Boeing, the giant defense contractor, and Abbott Laboratories, the global drug company, which has billions of dollars at stake in health care reform." New York Times 01/06/11 more