The First Obama Term
Obama made a bet with someone earlier this year... he bet he could get the price of a gallon of gas to $6 by the end of 2011.
http://money.cnn.com/2011....?hpt=T2
http://money.cnn.com/2011....?hpt=T2
"Be bold, and mighty forces will come to your aid."
That article pisses me off:
Emphasis added. Wording it this way is wrong. The implication is that all that money belongs to the federal government already, and they're just letting the companies keep it out of the goodness of their hearts. That's bullshit. That money belongs to those companies, and eliminating the credits will take it away from them and increase federal tax revenues. And I'm fine with that, but this article was clearly written by someone who thinks the government owns everything and is just nice enough to let us keep some of it for ourselves.
That attitude is one of the key problems with liberals.
Domestic manufacturing tax deduction: This is the largest single tax break, and would save over $1.7 billion a year if eliminated.
...
The percentage depletion allowance: This lets oil companies deduct about 15% of the money generated from a well from its taxes. Eliminating it would save about $1 billion a year.
...
The foreign tax credit: This provision gives companies a credit for any taxes they pay to other countries. Altering this tax credit would save about $850 million a year.
Emphasis added. Wording it this way is wrong. The implication is that all that money belongs to the federal government already, and they're just letting the companies keep it out of the goodness of their hearts. That's bullshit. That money belongs to those companies, and eliminating the credits will take it away from them and increase federal tax revenues. And I'm fine with that, but this article was clearly written by someone who thinks the government owns everything and is just nice enough to let us keep some of it for ourselves.
That attitude is one of the key problems with liberals.
"ATTENTION: Customers browsing porn must hold magazines with both hands at all times!"
TPRJones wrote:That article pisses me off:Domestic manufacturing tax deduction: This is the largest single tax break, and would save over $1.7 billion a year if eliminated.
...
The percentage depletion allowance: This lets oil companies deduct about 15% of the money generated from a well from its taxes. Eliminating it would save about $1 billion a year.
...
The foreign tax credit: This provision gives companies a credit for any taxes they pay to other countries. Altering this tax credit would save about $850 million a year.
Emphasis added. Wording it this way is wrong. The implication is that all that money belongs to the federal government already, and they're just letting the companies keep it out of the goodness of their hearts. That's bullshit. That money belongs to those companies, and eliminating the credits will take it away from them and increase federal tax revenues. And I'm fine with that, but this article was clearly written by someone who thinks the government owns everything and is just nice enough to let us keep some of it for ourselves.
That attitude is one of the key problems with liberals.
Email stve.hargreaves@turner.com and let him know.
edit - fixed the email link
Edited By GORDON on 1304001467
It's not me, it's someone else.
-
thibodeaux
- Posts: 8120
- Joined: Thu May 20, 2004 7:32 pm
Obama's speech about bin Laden vs. Bush's speech about when they got Saddam.
Whole lot more *I* in Obama's speech.
http://ace.mu.nu/archives/315865.php
Whole lot more *I* in Obama's speech.
http://ace.mu.nu/archives/315865.php
"Be bold, and mighty forces will come to your aid."
Saddam captured in Dec. '03. Bush's Dec. '03 approval rating: about 55-60%. From here. Also from here, Obama's approval rating right before Osama is forcibly ejected from existence: about 45%, and that appears to be an upswing. In short, one of them needs to crack 50% support, the other didn't at the time.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Housing market still sucks.
That article rips the feds and the Obama administration's efforts to correct the housing market.
That article rips the feds and the Obama administration's efforts to correct the housing market.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
RomneyCare, the Massachusetts-sized version of Obamacare, is trending badly in that state.
The bad predictions of everyone with a basic understanding of economics seem to be coming true.
http://online.wsj.com/article....88.html
The bad predictions of everyone with a basic understanding of economics seem to be coming true.
http://online.wsj.com/article....88.html
"Be bold, and mighty forces will come to your aid."
While I don't love that article (not enough data to get a complete picture)...
I would like to say that I do love the Wall Street Journal. Seriously. Of all news sources, it is by far the best. And with the recent edition of sports, supplemented by the internet for scores, etc, it's almost perfect.
I cringe at the nonsense in our local paper's editorial pages (we get the Sunday), both from the editorial columns and the letters to the editor. But the WSJ is a refreshing change of pace for both. People make well-reasoned, deep arguments on a variety of topics, and people (generally) respond in kind. I don't necessarily agree with all of the editorials (though certainly more than our local (and liberal) rag), but they're generally thought-provoking. Most importantly, regardless of which side someone is one, there's an undercurrent of "people control their destiny" that resonates deeply with my core beliefs, and is way too lacking from other spheres of discussion.
WSJ - Love it.
I would like to say that I do love the Wall Street Journal. Seriously. Of all news sources, it is by far the best. And with the recent edition of sports, supplemented by the internet for scores, etc, it's almost perfect.
I cringe at the nonsense in our local paper's editorial pages (we get the Sunday), both from the editorial columns and the letters to the editor. But the WSJ is a refreshing change of pace for both. People make well-reasoned, deep arguments on a variety of topics, and people (generally) respond in kind. I don't necessarily agree with all of the editorials (though certainly more than our local (and liberal) rag), but they're generally thought-provoking. Most importantly, regardless of which side someone is one, there's an undercurrent of "people control their destiny" that resonates deeply with my core beliefs, and is way too lacking from other spheres of discussion.
WSJ - Love it.
It's not me, it's someone else.
Medical care providers on Obamacare:
Uhm, no.
So over 90 percent of them won't participate in Obamacare.
Uhm, no.
So over 90 percent of them won't participate in Obamacare.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell