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


To: puborectalis who wrote (654829)5/14/2012 10:22:58 AM
From: longnshort4 Recommendations  Read Replies (1) | Respond to of 1583930
 
well Obama chased off the Yahoo guy, he will chase off more and more of the productive people. Who will you tax then ?



To: puborectalis who wrote (654829)5/14/2012 10:56:13 AM
From: longnshort3 Recommendations  Respond to of 1583930
 
look at this moron, he raised taxes so more productive people left the state and he got less tax revenues. So what is the answer for this liberal regarding this revenue problem ? yeah raise taxes again. you libs just don't get it. we aren't bricks.

California Gov. Jerry Brown said the state's projected budget deficit widened to $16 billion from about $9 billion, and he warned that the state will need deeper cuts to services such as education if voters don't pass a tax-increase measure he is championing.

The Democratic governor on Monday is set to release his revised 2012-13 budget to lawmakers in the state's Democratic-controlled Legislature.

While he didn't outline details of his new budget plan in a brief YouTube address, Mr. Brown said the state would have to cut funding to schools and public-safety agencies already hit with steep budget cuts in recent years unless voters pass his ballot proposal in November.

That measure would temporarily raise sales taxes, to 7.5% from 7.25% for four years, and it would boost income taxes by as much as three percentage points for seven years on individuals making more than $250,000 a year or households making more than $500,000.

"What I am proposing is not a panacea, but it goes a long way towards cleaning up the state budget mess," Mr. Brown said in his video statement.

H.D. Palmer, spokesman for the governor's Department of Finance, said Mr. Brown still planned to make deeper cuts to other services even if the measure is approved.

Some Democratic lawmakers quickly showed support for working with the governor.

"It pains us to have to bridge such a sizable gap, but we will get the job done with an eye toward doing the least amount of damage to our economy and to those who are struggling the most," Darrell Steinberg, the state Senate president pro tem, said in a statement.

Most Republican lawmakers oppose any new tax increases, saying they would slow California's economic recovery. But they have been largely sidelined in this year's budget process after voters in 2010 passed a measure allowing budgets to be passed by a simple majority of the Legislature rather than the former requirement of two-thirds.

David Valadao, a Republican assemblyman from Hanford, in the inland Central Valley, said the new deficit projections don't change his opposition to new taxes. "We've done nothing to create more jobs such as easing regulations on business," said Mr. Valadao, who like many Republicans is pushing for more breaks to businesses to stimulate economic growth.

It remains unclear whether the governor's tax plan will pass in the fall, although public-opinion polls in recent months have shown wide support.

The new budget uncertainty arose when revenue fell below Mr. Brown's projections when he first submitted a proposed spending plan in January, and when spending cuts came in lower than expected because of federal delays and court rulings, Mr. Palmer said. The state controller's office said personal-income-tax revenue—a large part of California's income stream—came in $2 billion below estimates during April.

California's recovery has been uneven. High unemployment persists in many inland areas, while coastal areas have recovered more strongly on resurgence in technology and other industries.

State officials have held out hope that initial public offerings of Facebook Inc. and other tech companies could generate new tax revenue in time to reduce the projected deficit for the fiscal year that begins July 1. Facebook alone could provide $1.5 billion in additional tax revenue by June 2013, Mr. Palmer said.

A state deadline for passing a balanced budget is June 15.



To: puborectalis who wrote (654829)5/14/2012 11:03:28 AM
From: i-node  Respond to of 1583930
 
Kansas City’s GST Steel was a successful company that had been making steel rods for 103 years when Mitt Romney and his partners took control in 1993. They cut corners and extracted profit from the business at every turn, placing it deeply in debt. When the company eventually declared bankruptcy, workers were denied their full pensions and health insurance, and the federal government was forced to step in and bail out the pension fund.

This is a disgusting move on the part of the Obama administration. Romney had left Bain two or three years before the bankruptcy. More importantly, because of Bain GST actually avoided bankruptcy longer than it otherwise would have.

They also failed to mention that five years after the takeover by Bain, GST union workers went on strike against the company, shutting it down for 2.5 months.

KANSAS CITY, Mo., June 13 /PRNewswire/ -- Members of Local Union 13 of the United Steelworkers of America (USWA) overwhelmingly approved a new 66-month contract with GST Steel Thursday (June 12), ending a strike that began on April 1. The vote was 488-81.

The agreement includes wage increases, bonuses, an increase in guaranteed pay to 40 hours a week from the current 32, worker involvement, major pension improvements, an organizing neutrality clause that prevents creation of runaway non-union subsidiaries, phaseout of a two-tier wage system, and continuation of current restrictions on the contracting out of work.

"This contract meets and in some cases exceeds our industry pattern, and serves the best interests of both our members and the company," said David Foster, Director of USWA District 11 and chief negotiator for the union.

"We are especially gratified that we have achieved the neutrality clause that guarantees card check recognition at any new facilities in which the company has a 40 percent interest," Foster added. "That will prevent the kind of duplicity that LTV Steel committed against its workers in building a non-union plant in Alabama."

GST also will guarantee, under certain conditions, card-check recognition at any plants in which it holds a 15-40 percent interest.

The agreement runs until Oct. 1, 2002. There will be a limited economic reopener on June 1, 2000, with binding arbitration if no settlement is achieved.

GST is the country's largest producer of grinding media.

SOURCE United Steelworkers of America



To: puborectalis who wrote (654829)5/14/2012 11:14:12 AM
From: Brumar892 Recommendations  Read Replies (1) | Respond to of 1583930
 
Has Obama's website started selling an Obama 2012 butt plug yet? Wouldn't this be a great giveawy for your office?



To: puborectalis who wrote (654829)5/14/2012 11:36:48 AM
From: longnshort2 Recommendations  Respond to of 1583930
 
Obama left Illinois 2-3 years ago and now Illinois is bankrupt, lets blame oBama



To: puborectalis who wrote (654829)5/14/2012 11:53:38 AM
From: Brumar892 Recommendations  Respond to of 1583930
 

Former Obama Car Czar Trashes Gay Preezy’s Attack Ad on Romney

Posted by Jammie on May 14, 2012 at 8:51 am




The fading Preezy of the United Steezy decided to pull out what normally would be an October attack ad on Mitt Romney today and it’s already blowing up in his face.

“I think the ad is unfair,” Rattner said on “Morning Joe.” “Look, Mitt Romney made a mistake ever talking about the fact that he created 100,000 jobs. Bain Capital responsibility was not to create 100,000 jobs or some other number. It was to create profits for its investors, most of whom were pension funds and endowments and foundations. And it did it superbly well, acting within the rules, acting very responsibly, and was a leading firm. And so yeah, I do think to pick out an example of somebody who lost their job, unfortunately, this is part of capitalism, this is part of life, and I don’t think Bain Capital did anything they need to be embarrassed about.”

Rattner may want to check the brakes on his car after this.

jammiewf.com



To: puborectalis who wrote (654829)5/14/2012 7:20:27 PM
From: FJB5 Recommendations  Read Replies (3) | Respond to of 1583930
 
Dems Attack Romney Over Layoffs Made by Obama Bundler

Realizing that Obama's reelection is in serious jeopardy, the President's campaign today released a two-minute ad slamming Mitt Romney for layoffs made at a company controlled by Bain Capital. The ad is built around interviews with former steelworkers at GST Steel, a mill in Kansas City, who were laid off as the company collapsed in the wake of a downturn in the steel market. The ad is certainly gripping and emotional. It is also, however, completely wrong.

The company was shut down in 2001. Romney left Bain in 1999, long before the plant closing, to run Winter Olympics. Two years is an eternity in the business world. Blaming Romney for decisions made two years after the left the company is at best disingenuous.

However, there was a political power-player serving as a director of Bain at the time of the company's bankruptcy and layoffs-- Jonathan Lavine. Lavine joined Bain in 1993. He is currently Managing Director and Chief Investment Officer. He is also a major bundler for Barack Obama,
raising between $100-200k for the his reelection. While we don't know the specific role Lavine had in decisions regarding the bankrupt company, he certainly had more influence than someone who had left Bain two years before.

Perhaps Obama should use some of Lavine's donations to help the steelworkers featured in his ad.

breitbart.com



To: puborectalis who wrote (654829)5/15/2012 5:41:47 PM
From: Wayners  Read Replies (3) | Respond to of 1583930
 
Romney left Bain years before the bankruptcy of GST. Do your homework. Obama was actually the guy at the helm when GM lost $5B, the stimulus spending created jobs at a cost of nearly $200K per job, a $5 Trillion deficit in 4 years of failed policies, oh and a long list of "green" energy companies that went bust after allowing the companies to steal taxpayer dollars as grants and loans. That's Obama fascism for you, or maybe you prefer the term crony capitalism. Obama is a fraud and is not a businessman by any stretch. Based on his own statements he thinks profits are BAD, even though they get reinvested and create growth. This country will be really prosperous, NOT, when everbody works for the Govt producing useless products and services nobody wants while maintaining full employment!!! Yeah that will last real long, like the Soviet Union in the 1980s.