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Politics : PRESIDENT JOHN FORBES KERRY -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (1002)3/22/2004 5:02:15 PM
From: stockman_scott  Respond to of 1017
 
<<...Why this hostility toward a sitting Republican President who should be the toast of Wall Street and American tycoons? The problem is that Bush has run up the biggest budget deficits in history and Buffett and Soros have gone on record worrying that his free-spending policies will bring down the US economy, and the global economy with it...>>

miami.com

America's Wealthiest Billionaires Protest Bush Tax Cuts

By Graeme Beaton, Financial Mail on Sunday, London Knight Ridder/Tribune Business News

Mar. 14 - Now if politics makes for strange bedfellows, this year's presidential election is shaping up as the equivalent of random sex. The rich in America historically and overwhelmingly support politicians who promise to cut taxes. After all, they have more to keep from those pesky revenue collectors. Not so in this topsy-turvy election year.

The three richest men in America (and the world) appear to be begging to pay higher taxes and are spurning a President who has gone out of his way to woo big business.

The latest evidence of this came last week when Warren Buffett, estimated by Forbes magazine to be the second-richest man in the world with $42.9 billion (UKpound 24 billion), fired a volley at the Bush Administration's $1,700 billion package of tax cuts.

But, reading between the lines of documents on file with the Federal Election Commission (FEC) in Washington, the attack could just as easily have come from his bridge buddy, Bill Gates (number one with $46.6 billion), or Gates's friend and Microsoft co-founder Paul Allen (number three with $21 billion). The same could also be said of currency speculator George Soros (number 54 with $7 billion) or Sumner Redstone (number 35 with $8.9 billion), to name but a few.

While Buffett, 73, usually supports Democrats for national office, he is also one of the chief economic advisers to California's Republican Governor, Arnold Schwarzenegger.

But Buffett thinks the rich are getting off too easy under Bush. In his widely read letter to shareholders of his holding company, Berkshire Hathaway, he said: "Tax breaks for corporations -- and their investors, particularly large ones -- were a major part of the Administration's 2002 and 2003 initiatives. If class warfare is being waged in America, my class is clearly winning"

Buffett added that he hoped his company's tax bill would continue to rise because it would mean that it was making more money, though he worried that too many companies were not paying their fair share.

Gates has not said the same thing in public, but according to FEC records, he has given mostly to Democrats. And Gates's father is among the most vocal opponents of Republican efforts to cut inheritance taxes.

Soros is committing tens of millions of dollars to defeating Bush, whom he rates a clear and present danger to the world economy.

And Redstone, again according to FEC records, has a habit of contributing to the campaign funds of Democrats not averse to raising taxes.

Why this hostility toward a sitting Republican President who should be the toast of Wall Street and American tycoons? The problem is that Bush has run up the biggest budget deficits in history and Buffett and Soros have gone on record worrying that his free-spending policies will bring down the US economy, and the global economy with it.

It might be rare to see the wealthy suggesting that their pockets be picked by the government, but then this is an unusual year in American politics.

FEC records also provide an interesting glimpse into politics within the Murdoch media dynasty.

Rupert, wife Wendi and eldest son Lachlan all donate freely to Republicans. However, youngest son James, who has departed US shores to take the helm at satellite broadcaster BSkyB in London, favours Democrats.

In fact, during the 2000 election while his kin were contributing to the Bush-Cheney ticket, James found it in his heart to lob $1,000 into the coffers of Al Gore's presidential campaign.

All of which should make the Murdoch media's coverage of the race for the White House in November extremely interesting.

-----

To see more of the Financial Mail on Sunday, or to subscribe to the newspaper, go to financialmail.co.uk



To: Lizzie Tudor who wrote (1002)3/23/2004 12:06:30 AM
From: laura_bush  Respond to of 1017
 
Thx, LT. Here's a site I just found re Paul Craig Roberts that I find easy to catch up with his columns:

rds.yahoo.com*http://www.lewrockwell.com/roberts/roberts-arch.html

"lb"



To: Lizzie Tudor who wrote (1002)10/3/2004 1:19:26 AM
From: stockman_scott  Respond to of 1017
 
The American Dream Is at Risk, Kerry Says
__________________

Democrat Blames Domestic Woes on Bush

By Jim VandeHei
Washington Post Staff Writer
Sunday, October 3, 2004
washingtonpost.com

ORLANDO, Fla., Oct. 2 -- John F. Kerry kicked off the final month of the presidential election Saturday with a broad and blistering critique of President Bush's economic policies, warning voters in this battleground state nothing less than the "American dream" is on the ballot Nov. 2.

"Not too long ago, this dream was within reach for every single person willing to reach for it," said Kerry, who painted a portrait of an America suffering from job loss, falling wages and rising everyday costs for school, health care and transportation. "Today, for too many families, the dream is being taken away by decisions made in Washington."

In a strategic shift to highlight the economy in the run-up to Friday's domestic policy debate in St. Louis, Kerry said voters face a critical choice: a president "who gives more and more to those with the most" vs. a "new choice for the great middle class and all those struggling to join it." At the same time, the Kerry campaign pulled most of its national security ads and started running two new commercials highlighting his job creation plans.

Speaking to an enthusiastic crowd at Freedom High School, Kerry highlighted the most ominous economic data to indict Bush for ignoring troubles confronting most Americans and consistently choosing the wealthy over the worker. "That's what he stands for, that's who he stands for, that's who he fights for, and if you give him the chance, that's what he'll do for four more years," Kerry said.

Kerry was interrupted by repeated ovations, which appears to reflect a surge in optimism among Democratic voters, officials and Kerry's aides after Thursday's debate at the University of Miami. Here in Florida, newspapers were filled with articles lauding Kerry's debate performance and momentum. The mention of the word "debate" by Sen. Bill Nelson (D-Fla.) sent audience members here to their feet chanting "Kerry, Kerry!"

The Democratic nominee is trying to build a case that Bush mishandled the economy much as he did Iraq, making strategic errors that left America worse off than when he took office and compounding problems by refusing to adjust policies. The goal of this twin assault on Iraq and the economy: erode the president's credibility and plant seeds of doubts about competency, aides say. "Time and time again, George Bush has proven that he's stubborn, out of touch and unwilling to change course," Kerry said.

However, unlike the debate over Iraq, in which there are few positive developments for the president to point to counter with now, Bush enters the fray over the economy armed with several upbeat statistics and policy alternatives. The economy is expanding at a relatively robust rate of about 3 percent; the unemployment rate is low by historical standards and jobs are slowly returning in most sectors; homeownership is at an all-time high; and the Dow Jones Industrial Average continues to hover around 10,000.

In a preview of the rebuttal millions of Americans will hear in the next debate, Bush on Saturday said Kerry is an advocate of big government who promises much more than the federal budget will permit him to deliver.

The heart of the domestic policy debate is Kerry's plan to repeal tax cuts for those making $200,000 or more. From this repeal, which would generate between $800 billion and $900 billion in government revenue, flows the money for most of Kerry's new domestic programs. Bush says the tax-cut repeal will not provide enough to fund Kerry's plans, and he would be forced to raise taxes on other Americans or jettison, or at least curtail, campaign promises.

Bush is correct, independent budget analysts say. But those same analysts say the president has overpromised, too, by calling for the partial privatization of Social Security and new tax cuts. A study by The Washington Post found the promises Bush made at the Republican convention could top $3 trillion, compared with $2 trillion for Kerry's. Both candidates have vowed to cut the deficit in half over four years.

Testing lines he plans to use in the debate, Kerry said Bush has a four-year record of assisting corporations and short-changing the rest of Americans. He pointed to a raft of undisputed trends and statistics: health care costs rising by double-digit percentages each year, 1 million jobs lost since Bush took office, 5 million added to the uninsured rolls and oil prices surging to $50 a barrel. While experts attribute many of these figures to factors outside the president's control, Kerry blamed Bush: "He'll tell you this is best economy of our lifetime," Kerry said in a mocking tone. "Maybe that's true for this friends: Enron, Halliburton and for big oil."