A Patriotic Response To The “Clown Prince;” 08/04/2012

barackingham Palace,

District of Corruption

August 4, 2012

    Today, I want to take a break from the back-and-forth of campaign season, and talk about something that’s brought us all together this week – the Summer Olympics. These games remind us that for all our differences, we’re Americans first. And we could not be prouder of the men and women representing our country in London, in both the Olympics and in the Paralympics. Last weekend, Michelle led the American delegation to London and reaffirmed the special relationship we share with our strongest ally, Great Britain. She met with the Queen, and with Prime Minister Cameron’s wife, Samantha. She spent some time thanking our brave service members and military families. And, of course, she took in as many events as she could to cheer on our athletes. I’ve got to admit I was a little jealous she got to go. But like many of you, I caught as many events as I could, jumping off the couch for a close race, or a perfect vault. I watched the wonderful young women of our gymnastics team recapture the team gold for America, and I was filled with pride watching Gabby Douglas win the all-around gold with incredible poise and grace. I watched our swimmers win a haul of medals, and Michael Phelps become the most decorated Olympic athlete of all time. I saw our women’s soccer team power through the competition.

    And I’m just as proud of all our athletes in sports that don’t always get as much attention. The U.S. women’s eight continued its rowing dominance with another gold medal. Kayla Harrison won America’s first-ever gold medal in Judo, and Marti Malloy won a bronze. Kim Rhode became the first American to win individual medals in five straight Olympics with her gold in skeet shooting; and her teammate, Army Sergeant Vincent Hancock, won his second skeet gold. I also thought of the truly difficult journeys that many of our athletes have made. Some have faced personal loss, or beaten cancer. Some have worked long shifts at multiple jobs to feed their Olympic dream. And some have done the impossible. Less than four years ago, Bryshon Nellum was shot three times in his legs. But this week, he’ll run the 400 meters. And as a boy, Lopez Lomong fled war and persecution and life as a refugee – one of the “Lost Boys” of Sudan. Today’s he’s an American – and representing his country at the Olympics for the second time. So it’s no surprise America is vying for the top of the medal count. But it’s not the medal count alone that inspires us – most of our athletes won’t claim a medal at all. It’s the character of the men and women who compete for those medals. It’s their hard work and sacrifice – the countless hours in the gym, in the pool, on the track. It’s their dogged perseverance and unyielding determination, through disappointment and triumph alike.  

[What I’m not telling you: Both MichelleAntoinette‘ and I–your exalted ruler–“Clown Princeobama see the Summer Olympics through the spectrum of ‘the financials.’  See, we managed to wrangle another free vacation at taxpayer expense–much like Michelle Antoinette‘s’ multi-million-dollar Spanish vacation–for her and 30-40 of her closest friends.  I–on the other hand–tend to lean more toward the financial ‘income-to-the-treasury,’ to be pissed away at my leisure!!

    At the conclusion of Day-6 of the London competitions, the United States has garnered 23 medals; eleven golds, seven silvers and five bronzes.  This means that the IRS–per current tax law–will assess tax liability on each medal and cash award.  See, the medaling athlete will receive cash awards from the US Olympic Committee; gold=$25,000 each, silver=$15,000 each and bronze=$10,000 each.  The IRS will also consider the value of the medals, themselves consistent with the current precious and semi-precious metals values on the commodity market quotes.  At last look–and I watch this closely–A gold medal is valued at $644; a silver medal at $330 and the lowly bronze medal at about $4.70!!

    Assuming that each American athlete is in the ‘15% tax bracket,’ the taxes due-to-the-treasury on the cash awards will be $64,500.  This doesn’t even count the total commodities values of: $7,084 (Gold), $2,310 (Silver) and $23.50 (Bronze).  At the ‘capital gains’ tax rate of 15%, these values will add another $1,412.62 to the federal coffers.  In total, a cash infusion of $65,912.62 into the ‘presidential purse,’ barely enough to fund a ONE WEEK rental at the Blue Heron Farmon Cape Cod–I use annually to get away from the stresses of the golf course and our monthly official vacations!!]

    It’s that unconquerable spirit – that American spirit – that says even though we may have very different stories to tell; even though we may not look alike or talk alike or be dealt the same hand in life – if we work hard, we can achieve our dreams. We can make it if we try. We are one people, with common values and ideals; we celebrate individual excellence, but recognize that only together can we accomplish great and important things we cannot accomplish alone. That’s why we watch. That’s why we cheer. That’s why we come together, for two weeks in summer, and swell with pride at the incredible things our fellow citizens can do. So to all our Olympic and Paralympic athletes – whether you’ve already competed or have yet to compete – your country could not be prouder of you. Thank you for presenting the best of America to the rest of the world. And, thank you for becoming new role models to our children – mine included – and inspiring them to believe that if they work hard and do their best, they can achieve great things, too. Go get ‘em this week, Team USA. We can’t wait to welcome you home.

[What I’m not telling you: Because the International Olympic Committee snubbed me when–in 2009, as a part of the obama Worldwide Apology TourMichelleAntoinette‘  and I went to Copenhagen to beg for the 2016 Summer Olympics to be held in One of America’s crime capitols–Chicago, it’s doubtful I’d even consider attending the Olympics, no matter where it’s being held!!

    That being said, I do want to congratulate each and every Gold Medal Winner and–to a lesser degree–the winners of the lesser valued medals!  Keep winnin’!!  I need the money, there just may be “another Solyndra” right-around-the-corner!!]