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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (585019)9/10/2010 5:35:58 PM
From: steve harris  Respond to of 1578232
 
thank you "progressive democrat"

americaforpurchase.com

and proudly supports Obama......

*yawn*



To: tejek who wrote (585019)9/13/2010 2:57:29 PM
From: TimF  Respond to of 1578232
 
This much reported secret alcoholic

Meaning either that he isn't one, or at least it isn't sure, and they are just reporting slander, or that he is but controls it enough to minimize the problem. Either way something that's entirely irrelevant to the question of the policy issues the article is arguing against.

This is a Republican who courts Wall Street for ‘donations’

As if just about everyone in national politics, including the Democrats, doesn't?

John Boehner’s Republican Party cost Americans 8 million jobs

Most of the job losses occured after the Democrats took over in congress, and many of them after Obama took over as president.

True its not simply a matter of who is in office, but that applies both ways. The roots of the housing bubble, and thus the financial crisis and then the recession, come from both the government and the private sector, with the government side going way back.

and shifted the tax burden on to the backs of middle class families by giving massive tax cuts to the wealthy

False. Taxes where cut for essentially all income tax payers, and the percentage of taxes paid by the wealthy and by the very rich, increased.

plan is so bad that it would increase the deficit by $3.781 trillion

1 - Over 10 years, so under $380bil a year even by that calculation.

2 - Using static analysis. Ignoring the economic benefits of the tax cuts.

3 - Leaving taxes on a trend to be a larger percentage of GDP than the modern norm once the economy fully recovers, unless we have a later cut.

4 - What's really increasing the deficit is the spending, which has increased and is projected to continue to increase, far more than the projected revenue not received by avoiding this tax increase.

As for causing jobs to be lost, or "shipped overseas", nothing in the article supports that claim, despite it being the headline claim of the article.



To: tejek who wrote (585019)9/13/2010 3:05:18 PM
From: TimF  Respond to of 1578232
 
Obama to kill more jobs
Ed Lasky

The latest job killing initiative by Barack Obama: focus new taxes on the oil and gas industry.

Joseph Mason writes in a New York Post op-ed:

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Just last week, President Obama explicitly targeted the industry for two massive tax hikes. First, he'd ban oil and gas companies from using the "Section 199" tax credit, a measure for domestic manufacturers enacted in 2004 to boost US employment. (The Senate is set to vote this week on its version of the ban.) Second, he wants to end "dual capacity" protection for US energy firms.

Without this shield against double taxation on foreign revenues, American companies would be competing on an uneven global playing field. Again, Obama aims directly and specifically at the US oil and gas industry.

Yet, by the federal government's own economic model, these tax hikes would lead to huge, immediate job losses. I ran the numbers through the Commerce Department's RIMS II model; it shows, under the proposed changes to Section 199 and dual capacity, Americans would almost immediately lose more than 150,000 stable, private-sector jobs.

By repealing the tax credit US-based companies claim on the taxes they pay abroad, Obama's "stimulus" plan would effectively double-tax American businesses -- driving investment to foreign competitors that don't face the same tax burden.
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Again, Obama is enriching foreign oil companies at the expense of domestic ones. He has done this previously when he extended billions in loans to the Brazilian oil company Petrobras with extensive offshore oil programs through the U.S. Export-Import Bank, while trying to kills off offshore oil exploration in the Gulf by our companies.

Obama did it again this past week when the Ex-Im bank extended another billion in loans to support Mexican oil development in the Gulf. Obama seems to relish the opportunity to redistribute power and wealth to foreign countries and companies at our expense.

Why?

As Dinesh D'Souza writes, not only is Barack Obama the most anti-business President in American history but he seems to relish the opportunity to enrich and empower foreign companies at the expense of American ones...

americanthinker.com