Did You Know

Did you know just how bad the Daley resignation is for Obama? This is the guy he replaced him with:

Jacob Lew, former budget director and Hillary Clinton loyalist, wasn't Obama's first choice to replace Bill Daley, who resigned abruptly as chief of staff...

"My sense is, as someone who has generally been familiar with these trends, the problems in the financial industry preceded deregulation," Lew answered. "I don't believe deregulation was the proximate cause." He blamed "leveraging" instead.

Did we mention he was a Citibank exec?

Did you know who he replaced Lew with at OMB?

Further undercutting Obama's attacks on Romney's background is his appointment of Jeffrey Zients to replace Lew as new acting director of the Office of Management and Budget. Zients and Romney are both alumni of Bain & Co., the Boston-based venture capital firm Romney helped found. The White House conveniently left this part of Zient's resume out of his official bio.

Did you know that Romney doesn't pay less taxes than a secretary?

As CNN put it in the first paragraph of its story, Romney's 15% tax rate means "the multimillionaire pays a smaller percentage of taxes on his income than many middle-income Americans."...

First, it's simply false that Romney's tax rate is lower than "many middle-income Americans." The middle 20% of income earners pay taxes at an average rate of just 2.3%. The next highest 20% pay at an average rate of only 6.1%.

Even when you include payroll taxes, the effective rate for families in the middle of the income spectrum is less than 13%, according to data from the Tax Policy Center.

IRS data, meanwhile, show that families with incomes of between $50,000 and $100,000 paid an average 8.9% in income taxes, while those earning between $100,000 and $200,000 paid an average 12.7%.

IBD also explains the double-taxation of capital gains. Basically, what if your employer was taxed on your salary (not their profits) before they paid you, and then you were taxed on them again. Then the press could talk apples to apples.

Romney pays less than a secretary? Nope, Romney pays more than 97% of taxpayers. Media fail.