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

To: tejek who wrote (662157)	7/15/2012 12:08:45 PM
From: longnshort	1 Recommendation Respond to of 1578694

Obama: “You Didn’t Build That Business On Your Own” Jazz Shaw writes that this is Obama channeling his inner Elizabeth “High Cheekbones” Warren, who said last year “there is nobody in this country who got rich on his own. Nobody.” What she was saying is that no one can succeed with out the big loving embrace of The Government, so people who got rich should pay their “fair share.” Of course, she and other liberals utterly refuse to define what “fair share” is, though I reckon it revolves around giving lots to Democrat campaigns which will be repaid with cushy “green” energy DOE loans for companies that are close to bankruptcy. Anyhow There are a lot of wealthy, successful Americans who agree with me — because they want to give something back. They know they didn’t — look, if you’ve been successful, you didn’t get there on your own. You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there. It must be because I worked harder than everybody else. Let me tell you something — there are a whole bunch of hardworking people out there. (Applause.) If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business — you didn’t build that. Somebody else made that happen. Obama is sort of unintentionally correct: you didn’t. You probably got a loan from a bank, financial institution, seed money guys, rich people, mobsters….you know, folks/companies in the private sector with lots of cash that are looking to make more money off the investment in your business, and Obama wants to tax the bejesus out of those folks, meaning they have less money to invest in your business. Of course, PBO means that you can’t succeed without the government’s generosity, especially since you can’t possibly be a hard worker or smart. Only Gubmint can create a business, chumps! Don’t you know that by now? Public Secrets: Now, I’m not one who says government has no role, or that no taxes are ever justified. Building roads, creating infrastructure, establishing the rule of law and providing access to courts to seek redress — all this plays a role. But Obama’s argument sounds like a statist’s economic version of “Field of Dreams” — if you build it, wealth will come. Obama probably thinks $5 trillion in new debt helps businesses. As far as there being a whole lot of people who want to give something back, funny how Democrats are unwilling to write a check to the IRS, always take advantage of tax deductions (people like….. Obama!), and are notoriously uncharitable ( with their own money).

To: tejek who wrote (662157)	7/15/2012 12:10:38 PM
From: longnshort	1 Recommendation Respond to of 1578694

Obama Forgets Who’s Been in Charge Again: We’re Gonna Put This Country on the Right Track! President Obama is campaigning on the hilarious pretense that Mitt Romney has been running the country for the past nearly four years, and Obama is still living in that particular land of delusion. “We’re going to put the country on the right track” — from the same guy who continues to worsen the severity of the derailment:

To: tejek who wrote (662157)	7/15/2012 2:03:12 PM
From: TopCat	Respond to of 1578694

"If you own 100% of a company, then you are responsible for 100% of what that company does whether you are running the Olympics or not." Responsible to who? The owner?

To: tejek who wrote (662157)	7/15/2012 2:21:03 PM
From: i-node	2 Recommendations Read Replies (2) \| Respond to of 1578694

>> If you own 100% of a company, then you are responsible for 100% of what that company does whether you are running the Olympics or not. You're a simpleton, and that's why you made this statement. But let's assume for the minute you are not. What, exactly, did Bain do that Romney should be ashamed of? If you're referring to so-called "outsourcing", how do you feel about the $30 Billion in taxpayer dollars Obama used to outsource jobs? Don't you think that is a far more relevant and far more damning. ========== For example, there is the North Carolina LED manufacturer Cree Inc. Cree was awarded $39 million through a stimulus-funded tax credit program in January 2010. However, half of the company’s employees are in China and the company opened a manufacturing plant in Huizhou City, China in November 2009, according to an article in the industry publication LEDs Magazine. DOE is making up to $9 million available over three years for improving the accuracy of solar forecasting to more accurately anticipate changes in solar power production. (Photo from Energy Department website) According to the same article, Cree CEO Chuck Swodoba said he did not consider Cree Inc. to be run like a completely American company. “Cree management never runs this company as a US company. We consider Cree to be a global company with local wisdoms,” Swodoba said. Swodoba also said he would continue expanding into China, adding that Cree would keep creating jobs there because it could take advantage of both China’s human resources and its “state-of-the-art technology.” “We will continue to invest here [China] for both human talent and the most state-of-the-art technologies,” he said. Another example of stimulus outsourcing is Japanese wind energy firm Eurus Energy, whose U.S. subsidiary, Eurus Energy America, received $91 million in stimulus funds to build a wind farm in Texas, according to a 2010 report from American University. That wind farm reportedly was built with wind turbines manufactured by another Japanese company – Mitsubishi. “Eurus Energy America, the U.S. subsidiary of a Japanese firm, received $91 million in stimulus money for its Bull Creek wind farm in Texas. The farm consists of 180 Mitsubishi turbines,” the American University report said. (AP Photo/Robert F. Bukaty, files) Eurus told American University that the wind farm was actually built by British firm RES Americas and is now being run by EnXco, an American subsidiary of the French energy firm EDF Energies Nouvelles. “Illustrating the often international nature of deals in the U.S. wind industry, a company executive told the Watchdog Institute that his company used RES Americas, a British firm, as the general contractor to build its facility. Eurus is now employing EnXco, a subsidiary of French renewable energy firm EDF Energies Nouvelles, to operate the farm,” the report said. Another example of the Obama administration funding foreign companies is a $337 million loan guarantee from the Department of Energy’s green energy lending program. That loan went to California energy firm Sempra Energy for a solar power array in Arizona. However, according to a Feb. 4, 2011 New York Times report, Sempra Energy bought its solar panels from the Chinese firm Suntech. The project, known as Mesquite Solar 1, reportedly used 800,000 of the Chinese solar panels. Perhaps the best-known example of Obama administration funding of foreign companies is its $500-million loan guarantee to Finnish automaker Fisker Automotive. That loan, part of the Energy Department’s electric vehicle lending program, was made to help Fisker establish a U.S. manufacturing presence. However, the company never established an American factory, choosing instead to shutter its U.S. operations and continue building cars in Finland. cnsnews.com