Well, folks, did you hear President Obama’s… what was that? It was a teleprompter campaign speech in the Rose Garden. There was an audience there, but they didn’t applaud until it was all over. I don’t know what we’re dealing with here. In terms of stability, this was bold, bald-face lying to the American people, compounded on top of lies I don’t think I even saw during the Clinton years. This today was just very troublesome, worrisome. He raised more straw men in one stump speech — and that’s what this was, a campaign stump speech — he raised more straw men than all the farmers in history have straw. I mean I had trouble keeping up with this. At times I got bored, other times I got angry. And, yes, I’ve got details of it, but, you know, Geithner followed it up with a meeting in the pressroom with Jay Carney and said, (paraphrasing) “Yeah, we’re trying to make the tax code more fair. People that have benefited from this country need to pay more, and their fair share for having benefited, having done well here.”
They’re calling it the Buffett Tax. You know, Warren, would you pay your secretary a little bit more instead of us sitting here having to hear how she pays a higher tax rate than you do? Why don’t you just give her a raise, Mr. Buffett? For crying out loud, what are we talking about here? Here’s a guy, a trillionaire, who is running around talking about how his secretary pays a higher tax rate than he does, which isn’t actually true. Give her a raise, for crying out loud. This poor woman is being paid to sound like she can barely get through the day because the government’s taking so much of what she earns. The top 1% of taxpayers already pay 40% of all income taxes. And by the time you get to the top 5% you are at about 70% of all taxes. And yet this bunch comes again proposing a bill that has no way of becoming law, by the way.