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

To: Alighieri who wrote (626145)	8/29/2011 12:07:06 PM
From: tejek	Read Replies (2) \| Respond to of 1578660

Oops! * House Majority Whip Kevin McCarthy (R-Calif.) isn’t pleased that Republican presidential hopeful Mitt Romney chose now to quadruple the size of his Southern California mansion. * Former Minnesota Gov. Tim Pawlenty (R) was forced to abandon his presidential campaign a couple of weeks ago, after struggling to break into the top tier. The Huffington Post is reporting that polls weren’t the only reason Pawlenty quit — he was also deeply in debt. * Republican presidential hopeful Rick Santorum, using an odd choice of words, has accused the LGBT community of launching “ a jihad” against his campaign. [Edit. Apparently gay people now are terrorists.]

To: Alighieri who wrote (626145)	8/29/2011 12:12:49 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1578660

Al, any plan would have to be bought in by the major banks, including BoA. There is little chance that Obama can force them to take an offer they can't refuse. They'll just lobby and kill the plan. I'm not sure what will be offered to the banks, but it needs to be something that will offset the cost and added risk of refinancing homes underwater. I am pretty sure, however, that both the banks and government are doing everything they can to support the housing market and prevent home values from falling further. I don't view that as a good thing since in the long term, the only viable exit strategy would be inflation. Sure, it might save a few people from having to lose their homes to foreclosure. However, many more people, including those who were in no danger of losing their homes, would end up with a great deal on their hands. Refi without having any equity in their home. What a nice giveaway by the government. Tenchusatsu

To: Alighieri who wrote (626145)	8/29/2011 12:52:23 PM
From: tejek	Respond to of 1578660

Cantor wants to be Speaker very badly. House GOP announces jobs plan focused on cutting regs, taxes By Erik Wasson - 08/29/11 10:31 AM ET House Majority Leader Eric Cantor (R-Va.) on Monday laid out an ambitious anti-tax and regulations agenda for the fall. In a memo to rank-and-file Republicans, Cantor said the House will target 10 major regulations for elimination, and will also seek to enact one major tax cut for businesses. Republicans are offering the agenda as a contrast to President Obama’s jobs plan which is to be formally announced next week and is expected to include stimulus spending. Cantor’s proposals will face an uphill battle in becoming law, but could make their way into a package produced by the deficit “supercommittee” of 12 lawmakers charged with recommending $1.5 trillion in deficit-cuts by late November. Democrats want that package to focus on economic stimulus to create jobs. The more far-reaching tax proposal outlined in Cantor’s memo would allow small business owners to deduct 20 percent of their income from their taxes. This proposal is being offered as a contrast to the Obama administration effort to raise taxes on individuals making more than $200,000 per year. Many small businesses file taxes as individuals. The 10 regulations targeted in the memo were identified by committee chairmen as the most harmful to the economy. The majority are issued by the Environmental Protection Agency, but labor and healthcare rules are also targeted. A series of votes on repealing the regulations would begin in September and would be followed in late November or early December by a vote on separately legislation requiring that all major regulations get an up or down vote in Congress. The House will also vote on two bills changing the way regulatory impacts are analyzed, Cantor said in the memo. The first regulation to be targeted is born out of Boeing’s conflict with the National Labor Relations Board. Cantor said the House will consider legislation the week of Sept. 12 authored by Rep. Tim Scott (S.C.) that would forbid the NLRB from seeking to stop companies from moving work to new locations. NLRB is alleging Boeing moved work to South Carolina in order to punish unionized workers in Washington state. Later in September and in October, the House will consider rules meant to stop pollution that affect utilities, cement makers, coal companies and firms using boilers. In the winter, ozone rules and dust regulations will be considered before the House votes on legislation to prevent the EPA from regulating greenhouse gases in order to combat climate change. Cantor's jobs push also has a healthcare component aimed at ensuring that employers will still be able to offer employee coverage under Democrats’ healthcare reform law. The three committees of jurisdiction - Ways and Means, Energy and Commerce and Education and Workforce - are charged with putting together legislation to repeal “restrictions” in the law that could make it prohibitively expensive for employers and health plans to continue offering coverage. The legislation is scheduled to come up in the last two months of this year under Cantor's proposal. In the winter, the GOP plans to target a proposed NLRB regulation that the GOP says will give employers too little time to organize ahead of union elections. Cantor is also prioritizing two tax law changes. One would end a rule, set to go into effect in 2013, that requires the federal government to withhold 3 percent of payments to contractors as a way to improve tax compliance. The majority leader notes in his memo that the GOP expects Obama to submit pending trade agreements with Colombia, Panama and South Korea soon and for the Senate to vote on a House-passed patent reform bill that transforms the U.S. into a first-to-file system of patent approvals from a first-to-invent system. thehill.com

To: Alighieri who wrote (626145)	8/29/2011 12:53:08 PM
From: tejek	Respond to of 1578660

Ten doesn't understand business very well. He's sees a conspiracy behind every business event.

To: Alighieri who wrote (626145)	8/29/2011 1:47:08 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1578660

Al, this article explains my suspicions very well: campaign2012.washingtonexaminer.com > If you're looking for proof that Too Big to Fail is still alive, and that Washington won't leave large financial institutions to the mercies of capitalism, consider billionaire Obama fundraiser Warren Buffett's $3 billion bet on struggling Bank of America. Tenchusatsu

To: Alighieri who wrote (626145)	8/29/2011 2:13:38 PM
From: tejek	Read Replies (1) \| Respond to of 1578660

Oh no. you didn't.............yup, the dude has gone and done it. Thank you God. Cantor: no emergency disaster relief without cuts I’m well aware of the political norms that say it’s wrong to question the motives of those you disagree with. We’re not supposed to make disagreements personal, and we’re not supposed to accuse officials of being bad people. I’ll bite my tongue, then, and just say that the Republican approach to disaster relief is morally reprehensible. [see clip from the foxy channel] If you can’t watch clips online, House Majority Leader Eric Cantor (R-Va.) appeared on Fox News this morning to confirm what he and his office have been saying all along: Republicans won’t allow emergency aid in the wake of Hurricane Irene unless Democrats meet GOP demands: dollar-for-dollar spending cuts elsewhere. In the interview, the dimwitted Majority Leader tried to make this sound like common sense — instead of an unprecedented move. Remember, no modern Congress, regardless of which party was in the majority, has ever demanded offsets in response to American natural disaster, not even Tom DeLay’s. Cantor also said House Republicans have “already” dealt with this by approving $1 billion in disaster aid in May, paying for it by cutting funds for a renewable energy program. Whether the Majority Leader understands what he’s saying or not is unclear, but the costs associated with the weekend’s hurricane will far exceed $1 billion. Let’s also not lose sight of the larger context here. As far as Eric Cantor is concerned, launching wars in Iraq and Afghanistan do not need to be paid for. Tax cuts for millionaires and billionaires do not need to be paid for. Bailing out Wall Street does not need to be paid for. But when American communities are struck by a natural disaster, all of a sudden, House Republicans discover a new standard: if Democrats want to help affected areas, the GOP has some demands that must be met. And in case this story isn’t quite mind-numbing enough, also note that FEMA has been forced to temporarily suspend “some payments to rebuild roads, schools and other structures destroyed during spring tornadoes in Joplin, Mo., and Southern states and other recent natural disasters” in order to respond to Hurricane Irene. That this is happening in the wealthiest nation in the world, simply because the Republican Party has been taken over by charlatans and fools, is a national disgrace. For all of our differences over party, ideology, and creed, we know that when disaster strikes and our neighbors face a genuine emergency, America responds. We don’t ask what’s in it for us; we don’t weigh the political considerations; we don’t pause to ponder the larger ideological implications. We act. It’s who we are; it’s what we do. Or it was, right up until Americans elected a radicalized House majority.