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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (79587)	2/26/2010 2:59:07 PM
From: longnshort	Respond to of 89467

On Wynn Resorts’ Feb 25th’s earnings call, CEO Steve Wynn blasted the Obama administration and Congress for anti-business policies and destructive tax policies. A professional CEO’s atypical engagement in political discourse on an earnings call speaks to the extent of the problem with the Obama-Pelosi-Reid leftist triumvirate. Here is an excerpt of the call. It’s one of Wynn’s answers to an analyst question. [A - Stephen Wynn]: …. Job formation and the kinds of companies that make jobs are under attack in the United States of America. You know, MGM aside for a moment. Last year we created almost 5,000 jobs and immediately became the target of the administration. Businesses that created jobs, let alone gaming companies that created jobs, had to be no good. I mean, it is preposterous that businesses are under attack in the United States of America. Anybody that makes over $250,000 in the form of a personal income tax return is now, by Washington definition, a rich person, when everybody who has got a college degree knows that the personal income tax rate in the United States of America is the business tax of America. Every subchapter S, every individual proprietorship and every partnership in the United States of America files tax returns as individuals, and when they do, and they show that they made 2 million or 3 million or, God forbid, 4 million, they pay the income tax rate; they deduct their working expenses, their living expenses; and then they invest in a new store, a new shop, and most of the time 25% of their profits, quote, unquote, are tied up in accounts receivable or inventory. But all of the sudden, all of those people who make over 250,000 are rich folks to be fleeced. And if that’s job formation stimulation in America, I’m Mary Poppins. And if I sound angry about it and disgusted, I am disgusted and angry at the apparent ignorance of the administration and the Congress to recognize the fact that the individual tax rate in the United States of America is, in fact, a business tax of America. And if you keep banging on that, you will destroy the incentive for job formation in the United States of America. And that’s simple truth, simple truth. And whether politicians like it or don’t like it means nothing to me. And that’s why I’m pessimistic about Las Vegas because those are our customers. Those people out there hustling their business, and God forbid, showing that they made a million dollars as a partnership or as an individual. Yes, they’re the enemy now. They’re the rich folks. Well until we get over this, America’s in for hard times because what’s going to happen is the people that are going to suffer from what’s going on are the working class of America. My 15 or 20,000 employees, they’re the ones that are in trouble. The reason they’re in trouble is this demolition of the dollar is going to reduce the buying power of the working class of America as sure as we gave them a salary cut of 25%. And that’s another thing that doesn’t seem to be clear to the brilliant people in Washington, D.C. They’re not just our customers, they are my employees. And until my employees get the drift of what’s being done to them, America’s in trouble. Next question. Posted on: Live Free… or Get Out of the Way Supporting freedom, capitalism, and the individual pries.org

To: stockman_scott who wrote (79587)	2/26/2010 3:44:42 PM
From: longnshort	Respond to of 89467

Obama salutes Ryan POWERLINE By Scott The rationale of Obama's health care gabfest was theatrical. The bipartisan aura was intended to support the effort to ram Obamacare through the House and the Senate on a purely partisan basis, capped off by the use of reconciliation in the Senate. White House spinmeister Dan Pfeiffer holds that the event provided "a good discussion and even though people periodically lapsed into talking points, it was honest, substantive and thoughtful." Pfeiffer's role in the production is to maintain the suspension of disbelief necessary to take the play seriously. The Republican speakers (Lamar Alexander, Tom Coburn, Jon Kyl, John McCain, Dave Camp, John Barrasso, and Paul Ryan) did an excellent job of addressing the flaws inherent in Obamacare. When they were most effective, Professor Obama sought to shut them down or rule them out of order. Despite Professor Obama's vaunted intelligence, this was one class in which roughly half the students were smarter and at least as knowledgeable as the teacher; the other half provided comic relief. The dog ate their homework. Video Link All the Republicans who spoke deserve kudos. They showed the teacher up as a pretender. In one way or another, they both elicited and pierced Obama's pomposity. The remarks of Wisconsin Rep. Paul Ryan (video above) stole the show in this regard. Among other things, Ryan discussed the fiscal legerdemain that permeates the Obamacare project. Ryan deconstructs the fairy tale at the heart of Obamacare. Obama was not amused. Obama treated Ryan's performance as lèse-majesté, an offense violating his royal dignity. Professor Obama seethed as Ryan spoke; he badly wanted to throw Ryan out of the class. Instead, he gives Ryan the evil eye and appears to give Ryan the finger. It's a moment that reveals something of the animus driving the project. feeds.powerlineblog.com

To: stockman_scott who wrote (79587)	2/27/2010 11:28:52 AM
From: longnshort	Respond to of 89467

Gergen On Healthcare Summit: GOP Had Its Best Day In Years By Noel Sheppard on Video Stop the presses: David Gergen actually said something nice about the GOP Thursday. "I don't think [the Democrats] got the breakthrough they were looking for in terms of the public, reaching the public and trying to change opinions," Gergen told Wolf Blitzer's "Situation Room" panel shortly after President Obama's healthcare summit ended. "That is because intellectually, the Republicans had the best day they have had in years." Gergen even reiterated, "The best day they have had in years." Less amazing was the silence from the panel -- which consisted of Candy Crowley, John King, Gloria Borger, and Joe Johns -- when Gergen made this statement (video embedded below the fold with transcript, h/t Hot Air): WOLF BLITZER, HOST: And the Republicans had less speaking time, but they took full advantage of the minutes they had. DAVID GERGEN: Yes, they do. Wolf, before you get to that, the president deserves enormous credit for putting this on. He was I thought extremely graceful and occasionally with an edge, but he was graceful and dominated much of the proceedings, and the Democrats got stronger in afternoon than in the morning. Even so, I don't think they got the breakthrough they were looking for in terms of the public, reaching the public and trying to change opinions. That is because intellectually, the Republicans had the best day they have had in years. The best day they have had in years. They, you know, there has been a perception that the Republicans are brain dead and ideologically resistant to anything, and they have no ideas and the rest of it. I thought it was not just the, you know, people like Lamar Alexander and Tom Coburn, but the new people, of Ryan and Cantor were fresh, and I think that they really evened the score and kept it even. Did you hear that pin drop on the set when Gergen said this? newsbusters.org