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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (145666)10/13/2012 9:45:53 AM
From: TopCat5 Recommendations  Respond to of 224774
 
"Biden won the debate on substance. He exposed the math impossibility of Romney's tax plan."

He did no such thing.



To: Kenneth E. Phillipps who wrote (145666)10/13/2012 9:57:24 AM
From: locogringo2 Recommendations  Respond to of 224774
 
Biden won the debate...

But.nobody saw it. The only thing people are seeng on tv is the laughing grimace of a washed up old drunk.

TV RATINGS FOR VP DEBATE DOWN -27% FROM '08...

This is what people are seeing...but your yellow press is hiding it (except for local news)

As Election Day nears, Romney crowds are surging...

Go back to posting about global warming so you sound a little less ignorant. HTH



To: Kenneth E. Phillipps who wrote (145666)10/13/2012 10:26:50 AM
From: DanDerr3 Recommendations  Read Replies (1) | Respond to of 224774
 
Any thoughts on his total Lies or Ineptness on Irans Nucs? Or the Benghazi situation? Or raising taxes only those over a million? And so much more. Biden's a fool and Blowhard. I guess that's better than Obama being a failure.



To: Kenneth E. Phillipps who wrote (145666)10/13/2012 10:49:45 AM
From: longnshort4 Recommendations  Respond to of 224774
 
"Biden won the debate on substance. He exposed the math impossibility of Romney's tax plan"

are you saying JFK was wrong ?



To: Kenneth E. Phillipps who wrote (145666)10/13/2012 10:53:10 AM
From: tonto2 Recommendations  Respond to of 224774
 
In your mind Kenneth...



To: Kenneth E. Phillipps who wrote (145666)10/13/2012 11:04:56 AM
From: Thomas A Watson3 Recommendations  Read Replies (2) | Respond to of 224774
 
hey kenny, what math are you talking about. and why don't you show us. I only find fact after fact that trust me joe lied. Now I think I believe joe did not have sex with that woman hillary, but one thing is certain truth from joe is about as likely as a rational argument from you.+

Vice President Joe Biden accused Rep. Paul Ryan of putting two wars on the “credit card,” and then suggested he voted against the wars in Afghanistan and Iraq.

“By the way, they talk about this great recession like it fell out of the sky–like, ‘Oh my goodness, where did it come from?’” Biden said. “It came from this man voting to put two wars on a credit card, at the same time, put a prescription drug plan on the credit card, a trillion dollar tax cut for the very wealthy.”

“I was there, I voted against them,” Biden continued. “I said, no, we can’t afford that.”

Then Sen. Biden voted for the Afghanistan resolution on Sept. 14, 2001 which authorized “the use of United States Armed Forces against those responsible for the recent attacks launched against the United States.”

And on Oct. 11, 2002, Biden voted for a resolution authorizing unilateral military action in Iraq, according to the Washington Post.

freebeacon.com



To: Kenneth E. Phillipps who wrote (145666)10/13/2012 11:16:27 AM
From: DanDerr4 Recommendations  Respond to of 224774
 
Kenneth, your thougyhts on the Top Ten Worst Lies by Joe Biden in VP Debate

Fact Check: Top Ten Worst Lies by Joe Biden in VP Debate

Written By: Steve Foley

| October 12, 2012



From Breitbart:

Here are the top ten worst lies told by Biden during the debate:

10. “With all due respect, that’s a bunch of malarkey….not a single thing he said is accurate.” At the outset of the debate, Biden tried to paint Ryan as a liar–when Biden, in fact, was the one lying. Ryan had pointed out: 1) that the White House had distanced itself from the Cairo embassy’s apologies on 9/11; 2) that Obama had failed to speak up for Iranian protestors in 2009; 3) that the Obama administration called Syria’s dictator a “reformer”; 4) and that the Obama administration is imposing defense cuts and projecting weakness. All of that is true.

9. “The president has met with Bibi [Netanyahu] a dozen times….This is a bunch of stuff.” While they have met several times–not a dozen–that includes a meeting at which Obama made the Israeli prime minister enter the White House through a back entrance, refused to take a picture with him, and left him on his own for dinner. Specifically, Ryan had criticized Obama’s refusal to meet Netanyahu in New York last month, and to tape talk show interviews instead–a clear snub that sent the wrong signal, again, to Israel’s enemies.

8. “Just let the taxes expire like they’re supposed to on those millionaires.” Biden’s “millionaires” are actually households earning more than $250,000 a year, which includes many middle-class families with two earners, and small business owners in particular who report business earnings as personal income. Biden and Obama have repeatedly labeled those earning over $250,000 as “millionaires and billionaires,” distorting the actual impact of their tax plan on the non-millionaires it would hit hardest, who create a vast proportion of small business jobs.

7. “You know, I heard that death panel argument from Sarah Palin. It seems that every vice presidential debate, I hear this kind of stuff about panels.” Biden’s cheap shot against Palin was an attempt to diminish both her and the man sitting across from him. But Palin never talked about “death panels” in her debate with Biden, for the simple reason that Obamacare had not yet been proposed. Nor did Ryan mention “death panels”–he had addressed the undeniable fact that Obamacare proposes a board to impose cost controls.

6. “The congressman here cut embassy security in his budget by $300 million below what we asked for.” Biden’s lie about Ryan’s budget was an attempt to dodge responsibility for lax embassy security–and to cover up that the Obama called for new cuts to embassy security just days after the 9/11 attacks. Ryan’s proposal, which called for a 19% overall decrease in non-defense discretionary spending, does not even mention embassy security–the Obama campaign merely made up that number by applying 19% across the board.

5. “No, they are not four years closer to a nuclear weapon.” Biden’s attempt to lie about the glaring reality of the Iranian nuclear program fell flat. Iran is indeed four years closer to a nuclear weapon, and the Obama administration–believing it knew better than its predecessors–tried to reinvent the wheel on talks with Iran, causing frustration to our allies in Europe and the Middle East. Meeting after meeting this year has failed to produce results, and the loophole-filled sanctions, while hurting Iran somewhat, are not stopping its nuclear program.

4. “No religious institution, Catholic or otherwise…has to be a vehicle to get contraception in any insurance policy they provide. That is a fact.” No, it is not a fact–it is the opposite of a fact, and saying “that is a fact” does not make it any less a blatant lie. The Obama administration is forcing religious institutions to provide contraceptive and abortion drugs through their insurance policies. That is the reason several dozen religious institutions are suing the administration to defend their First Amendment freedom of religion.

3. “It came from this man voting to put two wars on a credit card…I was there. I voted against him.” Biden voted for both the Iraq war and the Afghanistan war. He did not vote for George W. Bush’s plan to extend coverage of Medicare to prescription drugs (though he voted for an earlier, similar proposal), nor did he vote for the Bush tax cuts. But he voted for both of the wars he derided last night. To quote Bill Clinton’s speech to the Democratic National Convention: “It takes some brass to attack a guy for doing what you did.”

2. “What we did is we saved $716 billion and put it back — applied it to Medicare.” Biden repeated the lie the Obama administration has been telling since before Obamacare passed in 2010: that cuts to Medicare today were savings that extend the life of the program. They would be–if the same $716 billion wasn’t also being used to pay for Obamacare. As Ryan pointed out in 2010, and again last night, you can’t double-count the same cuts. Taking $716 billion out of Medicare means exactly that–and hurts, not helps, the program’s solvency.

1. “Well, we weren’t told they wanted more security again.” Biden lied through his teeth about the fact that the administration–specifically, the State Department–had been told again and again that security on the ground in Libya, and in Benghazi in particular, was inadequate. The day before, in Congressional hearings on the Libya attacks, former regional security director Eric Nordstrom described his frustration with



To: Kenneth E. Phillipps who wrote (145666)10/13/2012 11:18:15 AM
From: longnshort3 Recommendations  Respond to of 224774
 
Joe Biden’s Funny Faces Debate, Laughing at Thermo-Nuclear War

October 12, 2012
By Sara Noble


Joe Biden learned his lessons well. He had little in the way of substance, if you look at the record of the last four years, so he decided to use mockery and straw men to throw off his opponent. He attempted to make a fool of the young candidate. Is this a war on youth?

This is the face of the new Democratic party – condescending, dishonest, mocking of any opinions but theirs.

Biden brought up SCOTUS to frighten women into believing they will lose Roe vs. Wade but if President Obama gets to pick more Kagans and Sotomayors, you can say goodbye to the first and second amendments as we know them.

I cut down the interruptions and nastiness in the following video because it went on endlessly – 82 interruptions by Biden in 90 minutes. That’s a serious debate?

Joe Biden laughed inappropriately and weirdly when they were discussing thermo-nuclear war and the economy. He might not have meant it but who is to say? Do you want him one heartbeat away from the presidency? Maybe his role was to make Obama look good by looking really bad.

Was there an altitude problem? What was the altitude there? Let’s get the great scientist Al Gore to answer that question if he isn’t too busy inventing someting.

This video has Biden’s finest moments as a smirking, condescending, manipulative, propagandist, go to 1:12 for the real inappropriate responses:

[iframe src="http://www.youtube.com/embed/MDbojs9WOf0" allowfullscreen="" frameborder="0" height="315" width="560"][/iframe]

The following is the shortened, RNC version and it’s pretty funny:

[iframe src="http://www.youtube.com/embed/PCtemaHgjyA" allowfullscreen="" frameborder="0" height="315" width="560"][/iframe]



To: Kenneth E. Phillipps who wrote (145666)10/13/2012 12:20:17 PM
From: lorne5 Recommendations  Read Replies (1) | Respond to of 224774
 
Kenny...."Biden won the debate on substance. He exposed the math impossibility of Romney's tax plan."...

He didn't expose anything, he gave his opinion. And the way he was carrying on it is fortunate for America he didn't expose anything else!

IMO it is an embarrassment to show the world that this creature is second in command in the worlds super power. Sad, very sad.



To: Kenneth E. Phillipps who wrote (145666)10/13/2012 1:54:40 PM
From: sm1th1 Recommendation  Respond to of 224774
 
He reinforced the idea that Obama and Biden care more about the plight of the middle class.


Yes, they want to keep as many as possible dependent on govt so they will become reliable Dem voters. Votes bought with borrowed money.



To: Kenneth E. Phillipps who wrote (145666)10/13/2012 7:42:26 PM
From: Paul V.  Read Replies (3) | Respond to of 224774
 
Kenneth, and the negatives on this site keep saying that times are bad! Look at the following article in Barron's. Doesn't seem bad to me. Guess, it may be bad if some were not smart enough to invest in the market at its lows. But, I guess they have to blame someone else for their own stupidity rather than themselves. However, if Romney were elected it would be great for the haves. But, the middle class and the poor will get screwed. I really, can not understand how the so called religions zealots on this site fail to realize how many time that Jesus reinforced in his teaching -the taking care of the poor and needy.

Barron's Cover | SATURDAY, OCTOBER 13, 2012
Almost ThereBy ANDREW BARY | MORE ARTICLES BY AUTHOR

At 13,329, the Dow Jones Industrial Average is in striking distance of an all-time high, driven by IBM, Home Depot, and McDonald's. How it could get there, and what comes next.

There's an old saying that the stock market climbs a "wall of worry," and that's never been truer than this year, as U.S. market indexes barreled ahead, brushing aside concerns about economic weakness in Europe, China, and the U.S. At its recent high, reached about a week ago, the Dow Jones Industrial Average was up 11% on the year and within 4% of its peak of 14,164.53, reached five years ago, on Oct. 9, 2007. Powered by Apple (ticker: AAPL), Google (GOOG), and General Electric (GE), and other giant stocks, the Standard & Poor's 500 was doing even better, with a gain of 16.5% at its high, making it one of the strongest major indexes in the world.

The wall got steeper last week, as renewed fears about profits contributed to a 281-point drop in the Dow industrials, to 13,329, a 2.1% decline. The index is now 6% away from its 2007 high. While it may be too much to expect a new Dow high this year, it could easily happen in early 2013.

"Our own economic recovery looks more sustainable, and that is the key to higher stock prices," says Jim Paulsen, chief investment strategist at Wells Capital Management in Minneapolis. "A housing recovery is under way, bank lending is rising, consumer confidence is at a five-year high, and the unemployment rate is at a four-year low."

Enlarge Image





Like other strategists, Paulsen doesn't carry a price target for the Dow, but he stands by his early-year call that the S&P 500 index could hit 1500 by year end, 5% above Friday's close of 1429. If that happens, the Dow could approach its high. Investors can play the index through the SPDR Dow Jones Industrial Averageexchange-traded fund (DIA), now about $133.

Interviewed in the current issue, Blackstone Advisory Partners global strategist Byron Wien also looks for the S&P to approach 1500 by year end. "The economy is stronger than the numbers reveal. That doesn't mean it's growing at 5%. But it does mean it is probably growing better than 2%," Wien said (feature, " The Big Picture, Boiled Down").

Despite the run-up this year, stock-market valuations don't look excessive, especially given super-low interest rates. The Dow industrials are valued at 13 times estimated 2012 earnings and at just under 12 times projected 2013 profits. The S&P 500 is pricier at 14 times this year's estimated profits.

The so-called earnings yield -- the inverse of the price/earnings ratio -- on the Dow is around 8%, a very wide six percentage points above the yield on 10-year Treasuries. The index's dividend yield stands at 2.5%, with plenty of room to rise, given that the payout ratio is less than 35%. IBM (IBM), ExxonMobil (XOM), Disney (DIS), Caterpillar(CAT), and Travelers (TRV) are just some of the Dow components with ample ability to boost their dividends.

THE DOW INDUSTRIALS are more reasonable now than at the 2007 peak, when the index traded for 16 times the then-current 2008 earnings estimates. That projection turned out to be way too high, as did even more bullish 2009 projections at that time, as the financial crisis and recession savaged earnings. Former Dow components Citigroup(C) and American International Group (AIG) are both down more than 90% since then, adjusted for reverse stock splits, while another erstwhile Dow member, General Motors (GM), filed for bankruptcy in 2009, resulting in a near-total wipeout for shareholders.

The accompanying table shows the performance of the 30 current Dow industrials since the October 2007 market peak. At a time when many institutional and retail investors favor index investments over active management, the table makes a powerful case for stockpickers because of the huge disparity in returns of the individual Dow components in just five years. Home Depot (HD) and IBM lead the pack with gains (excluding dividends) of about 75%, while Bank of America and Alcoa are down about 80%.

Table: Then and Now

There has been a net change of five companies in the Dow since 2007. Travelers, Cisco Systems (CSCO), BofA, Chevron, and UnitedHealth Group (UNH) joined the 116-year-old average while Citigroup, AIG, GM, Altria (MO), and Honeywell (HON) fell out. Kraft Foods (KRFT) joined in 2008 and left recently as it split into two companies.

Probably the key market risk is a slowdown in profit growth. Current S&P 500 profit estimates of $103 and $115 for 2012 and 2013, respectively, are down about 3% from early-year projections. Third-quarter S&P earnings are expected to fall 1%, the worst showing in three years, hurt by double-digit profit declines in the material and energy sectors. Earnings warnings came last week from normally reliable Chevron, as well as Cummins (CMI), a leading maker of diesel engines.

"For equities to march substantially higher, there needs to be economic validation," says Mark Luschini, strategist at Janney Montgomery. A more bullish Paulsen says that profit growth is unlikely to resume at a robust rate in the next 12 months, but that the market P/E ratio may continue to expand, lifting major indexes. The S&P P/E already has moved up about two multiple points.

IT'S BULLISH THAT U.S. STOCKS have done well without much participation by retail investors, who continue to prefer bonds despite historically low rates on Treasuries, mortgage securities, high-grade corporate debt, and junk bonds. The average junk-bond yield of 6% is only three percentage points higher than dividend yields on scores of high-quality, dividend-paying stocks. Junk bonds probably can't go much higher, although they could go a lot lower. If retail investors ever warm to stocks, the Dow could go much higher.

Sizing Up the IndexThe Dow industrials are more attractively priced now than in 2007. That could lead to a new high by early 2013.

Dow Jones Industrial AverageIndex ValueCurrent
P/E
Forward P/E
Oct. 200714,164.53

17.716.1
Now13,326.40

12.611.6
Source: Bloomberg


Even with the Dow's advance this year, none of its components trades for more than 20 times estimated 2013 profits, and only a handful fetch more than 15 times forward earnings. Six have single-digit P/Es: JPMorgan Chase (JPM), Chevron, Caterpillar, Microsoft (MSFT), Cisco, and Hewlett-Packard (HPQ).

The H-P P/E multiple of four isn't a misprint. That alone ought to attract the attention of value-oriented investors, plus the possibility of a corporate breakup instigated by activist investors. Three of the other Dow tech stocks, Microsoft, Intel(INTC), and Cisco, all trade at about 10 times forward earnings, and the P/E ratios of cash-rich Microsoft and Cisco effectively are lower than 10 when their cash is stripped away. Microsoft, at $29, and Cisco, at $18, both have about $6 a share in net cash.

Some of the high-P/E Dow stocks, including Home Depot, Verizon Communications(VZ), and Procter & Gamble (PG), don't look as attractive. Home Depot may already discount an upturn in housing, while Verizon's P/E is high historically at a time when its core wire-line business remains under pressure. Underperforming P&G has been targeted by activist investor Bill Ackman. At $68, its shares anticipate some improvement in its operating results.

With a bevy of reasonably priced stocks, the Dow industrials look poised to set a new record, if not this year then next, and investors can get a nice 2%-plus yield along the way.






To: Kenneth E. Phillipps who wrote (145666)10/13/2012 9:13:20 PM
From: longnshort3 Recommendations  Respond to of 224774
 
Eastwood's mockery of Biden was spot on:

During his RNC speech, Clint Eastwood told President Obama: “You’re getting as bad as Biden. Of course we all know Biden is the intellect of the Democratic Party… Just kind of a grin with a body behind it.”

breitbart.com

h/t brumar