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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: quehubo who wrote (112128)	10/17/2008 8:13:05 PM
From: Broken_Clock	1 Recommendation Respond to of 206203

q Apparently the Obama Nation isn't too tolerant. i was banned for this. === To: Jim McMannis who wrote (38601) 10/17/2008 5:30:47 PM From: Broken_Clock Read Replies (2) of 38627 I voted for Obama! Subject 57605 Be the first on your block to sign up! Pass the word Comrades!

To: quehubo who wrote (112128)	10/17/2008 9:35:01 PM
From: 8bits	1 Recommendation Read Replies (1) \| Respond to of 206203

Yes leave it to Obama to threaten one industry that has created many high paying jobs in the USA with a windfall profits tax. What industry has the potential to make even more jobs and lower energy costs? How about clean natural gas? Yep, I exited all of my US based Oil/NG stocks the day after I made the post below. Obama along with many Democrats in Congress have made it plain they will extract their pound of flesh from "Big Oil". Given the fiscal constraints that will follow from a weakening economy and lack of Capital gains for stocks and Real Estate, the question in my mind is not if there will be a windfall profits tax but how much it will be. Message 24975220 FWIW, discussion of the earlier version of the Windfall profits tax: en.wikipedia.org "In a February 12, 2008 editorial titled "Record Profits Mean Record Taxes," Investor's Business Daily said that regular income taxes already take into account the high profits, and that there's no need to do anything extra to tax or punish the oil companies. As an example, the editorial states "Consider the magnitude of the contributions from Exxon alone. On those 'outlandish' 2006 profits, the company paid federal income taxes of $27.9 billion, leaving it with $39.5 billion in after-tax income. That $27.9 billion was more than was collected from half of individual taxpayers in 2004. In that year, 65 million returns — which represent far more than 65 million taxpayers because of joint returns — paid $27.4 billion in federal income taxes."

To: quehubo who wrote (112128)	10/17/2008 10:15:46 PM
From: DELT1970	8 Recommendations Respond to of 206203

I'd love to see a recap of how Obama has made his money-- yearly salary, investment returns, etc. He has apparently done well and there is the usual contradiction between liberal rhetoric and free market practice. Ask Hillary.

To: quehubo who wrote (112128)	10/18/2008 7:30:32 AM
From: skinowski	2 Recommendations Respond to of 206203

Mr. Obama clearly told Joe the Plumber what he will do with his hard earned money - he will give it to someone who, in Obama's opinion, needs it more. Without exception, ALL governments ultimately are in the business of wealth redistribution. Why? Because, as ol' Willie Sutton said, That's where the money is. And money and power to a great degree are the same.

To: quehubo who wrote (112128)	10/18/2008 10:23:53 AM
From: ChanceIs	3 Recommendations Read Replies (1) \| Respond to of 206203

Several thoughts on the windfall profits tax.......... 1) Per "Hot Air": However, one aspect of low oil prices has not received much attention. Barack Obama plans to spend hundreds of billions of dollars if elected President on a wide range of government initiatives. He claims to have the resources to spend that money responsibly, in part by imposing windfall-profits taxes on Big Oil: * Enact a Windfall Profits Tax to Provide a $1,000 Emergency Energy Rebate to American Families:Barack Obama and Joe Biden will enact a windfall profits tax on excessive oil company profits to give American families an immediate $1,000 emergency energy rebate to help families pay rising bills. This relief would be a down payment on the Obama-Biden long-term plan to provide middle-class families with at least $1,000 per year in permanent tax relief. That option seems off the table now. The “windfall profits” tax — always a bit of a misnomer, since the average margin for American oil companies has been around a modest 8% — can’t get applied when the supposed windfall disappears. Obama can’t redistribute wealth that doesn’t exist. hotair.com 2) Per Ben Stein: How to Ruin the U.S. Economy by Ben Stein Have an energy policy that disallows producing our own energy and instead requires that we buy energy from abroad, thus making our oil prices highly volatile and creating large balance of payments deficits, lowering the value of the dollar and thus making the problem get progressively worse. Propose to save the situation by surtaxing the oil industry, which is owned by our fellow Americans, mostly in their retirement plans, thus penalizing Americans for investing in companies that efficiently and legally produce an indispensable product. Then have the Republican candidate say he would keep on the job the Treasury Secretary who facilitated the crisis, failed to protect the nation from the crisis, got the taxpayers to pony up to save his Wall Street buddies, and have the Democratic candidate, as noted, say he would save the day by taxing the stockholders of energy companies. finance.yahoo.com

To: quehubo who wrote (112128)	10/18/2008 12:52:03 PM
From: Tommaso	14 Recommendations Read Replies (3) \| Respond to of 206203

Obama may do things very differently from what he is now saying, as all politicians do. Except in his case they just might be well-advised things. To prevent my being warned for posting something political, let me add that, for example, Obama is much too intelligent to actually try to implement an embargo on Canadian oil sands products. Actually, the world energy markets are totally out of the control of the United States at this point. For the time being a strong dollar has helped to push down oil prices. That cannot last very long.

To: quehubo who wrote (112128)	10/18/2008 5:19:37 PM
From: Webster Groves	6 Recommendations Read Replies (3) \| Respond to of 206203

It seems natural to oppose someone who you believe will take money out of your pocket and give it to others with less. You also want lower taxes and what you call 'less government". So far "less government" has bought more government intrusion into the private sector, the largest "peacetime" deficits in the nations history, and the near bankruptcy of many states. I find it hard to believe that this is the future you want for your children. Perhaps, though, you are not thinking of them but only of yourself. The nation needs energy and be it gas or oil or coal, it will come from somewhere regardless of government policy. As an "investor" primarily interested in your own profits, you should only be concerned how you can position yourself to benefit from a perceived outcome. wg