Feeds:
Posts
Comments

Tax Oil companies.

News Link

Sen. Barack Obama (D-Ill.) on Friday announced an “Emergency Economic Plan” that would give families a stimulus check of $1,000 each, funded in part by what his presidential campaign calls “windfall profits from Big Oil.”

Details are in this six-page policy paper.

The first part of Obama’s plan is an emergency energy rebate ($500 to individual workers, $1,000 to families) as soon as this fall.

“This rebate will be enough to offset the increased cost of gas for a working family over the next four months,” Obama said. “Or, if you live in a state where it gets very cold in the winter, it will be enough to cover the entire increase in your heating bills. Or you could use the rebate for any of your other bills or even to pay down debt

Separately, Obama’s plan includes a $50 billion stimulus package that his campaign claims would save more than 1 million jobs.

Half of the money would go to state governments, which are facing big budget shortfalls, and half would be used for national infrastructure, including replenishing the Highway Trust Fund, rebuilding roads and bridges, and repairing schools.

Obama announced his plan 27 minutes after a Labor Department report showed unemployment hit a four-year high of 5.7 percent in July — the highest rate since March 2004, when it was 5.8 percent.

“We need to do more,” Obama said in a statement. “That’s why today I’m announcing a two-part emergency plan to help struggling families make ends meet and get our economy back on track.

McCain reacted to the surprisingly dour jobs report with a two-paragraph statement: “Across this country, Americans are hurting and today’s job numbers are just the latest reminder of the economic challenges we face. … Unlike Sen. Obama, I do not believe that raising taxes is the answer to our economic problems. There is no surer way to force jobs overseas than to raise taxes on businesses.”

Obama announced his plan for a windfall profits tax on oil companies on June 9 in Raleigh, N.C., as he launched a two-week economic tour after clinching the Democratic nomination.

Friday’s proposal says Obama “is proposing to offset the cost of his emergency energy rebates over the next five years by enacting a windfall profits tax on big oil companies.”

“Obama simply asks that big oil companies contribute a reasonable share of the windfall profits they receive from high oil prices over the next five years to pay for emergency assistance for families right now,” the campaign says.

That is Obama’s plan? To tax Oil companies to then give that money to Oil Consumers who will then buy more oil based products? HUH?

What is this Windfall profit that Obama keeps talking about?
Is there a margin rate that meets this requirement?

This is so ridiculous, I cannot believe that this man is really running for president.

Race Card…

Accepted at all major speeches and political functions as long as you are black.
Also easily spun away by the Messiahs followers.

Democrat Barack Obama, the first black candidate with a shot at winning the White House, says John McCain and his Republican allies will try to scare them by saying Obama “doesn’t look like all those other presidents on the dollar bills.”

Obama didn’t make clear what distinctions McCain was likely to raise regarding the presidents on U.S. currency, men who are white and, for the most part, much older than Obama when they were elected. McCain has not raised Obama’s race as an issue in the campaign, though he has said that Obama lacks experience.

Stumping in an economically challenged battleground state, Obama argued Wednesday that President Bush and McCain will resort to scare tactics to maintain their hold on the White House because they have little else to offer voters.

“Nobody thinks that Bush and McCain have a real answer to the challenges we face. So what they’re going to try to do is make you scared of me,” Obama said. “You know, he’s not patriotic enough, he’s got a funny name, you know, he doesn’t look like all those other presidents on the dollar bills.”

McCain spokesman Tucker Bounds declined to comment Thursday on Obama’s remarks.

Obama spokesman Robert Gibbs said the senator was not referring to race.

“What Barack Obama was talking about was that he didn’t get here after spending decades in Washington,” Gibbs said Thursday. “There is nothing more to this than the fact that he was describing that he was new to the political scene. He was referring to the fact that he didn’t come into the race with the history of others. It is not about race.”

Obama often makes references to his distinctions as a candidate, such as saying there are doubts among some voters because he has “a funny name.” At times he refers to his race as well, saying he looks different that any previous candidate but then adding that the differences are not just about race. Addressing supporters Tuesday night at a fundraiser in Springfield, he said, “It’s a leap, electing a 46-year-old black guy named Barack Obama.”

During a round of appearances in Missouri, Obama worked to link McCain to the unpopular Bush, saying the Republican senator from Arizona would serve the equivalent of a third Bush term if elected. He said the country can’t afford more of the same and expects different results.

“That’s a definition of madness, but that’s what John McCain is offering. He’s offering Bush economic policies and Karl Rove politics,” Obama said.

He pressed the theme later at a rain-soaked barbecue in Union, Mo.

“They’re going to say I’m a risky guy,” Obama said. “What they’re going to argue is I’m too risky. The real risk is that we miss the moment, that we do not do what’s needed because we’re afraid.”

For its part, McCain’s campaign on Wednesday released a withering television ad comparing Obama to Britney Spears and Paris Hilton, suggesting the Democrat is little more than a vapid but widely recognized media concoction.

“He’s the biggest celebrity in the world, but is he ready to lead?” the voiceover asks in the ad, which mixes images of Obama on his trip to Europe last week with video of the 20-something pop stars.

Obama’s campaign quickly responded with a commercial of its own, dismissing McCain’s complaints as “baloney” and “baseless.”

Throughout the day, Obama argued that McCain “thinks we’re on the right track,” drawing boos from his audiences.

“These anxieties seem to be growing with each passing day,” Obama said. “We can either choose a new direction for our economy or we can keep doing what we’ve been doing. My opponent, John McCain, thinks we’re on the right track.”

That elicited boos from some of the 1,500 people who filled a Springfield high school gymnasium. When an AP-Ipsos poll asked the “right track, wrong track” question this month, 77 percent said they thought the country was on the wrong track. The same poll set Bush’s approval rating at 28 percent. Both were records for the AP-Ipsos survey.

“It’s true that change is hard, change isn’t easy,” Obama said. “Nobody here thinks that Bush or McCain has a real answer for the challenges we face so what they’re going to try to do is make you scared about me.”

Obama also compared himself to western legend Wild Bill Hickok, who he said had fought a duel in Springfield.

“I’m ready to duel John McCain on taxes right here, quick draw,” Obama said, prompting a quick retort from the other side.

“If Barack Obama wants this so-called duel then why did he and his entourage run for the hills when John McCain challenged him to 10 town halls?” asked Bounds, the McCain spokesman.

Obama responded after shaking hands at a restaurant in Lebanon, Mo.

“I don’t hear very much positive from Sen. McCain,” he said. “He seems to be only talking about me. You need to ask John McCain what he’s for, not just what he’s against.”

Surge worked?

Get out of here, REALLY!
Someone tell Obama quick, so he can retool his position on the surge.

Eleven US soldiers were killed in Iraq in July, the lowest monthly toll since the 2003 invasion, according Pentagon figures, highlighting what US commanders say is a marked drop in overall violence.

The number compares with the deadliest month of November 2004 when 137 American troops were slain, an independent toll by icasualties.org showed. The previous low was in May this year when 19 soldiers were killed.

Since the US-led invasion of March 2003 that toppled now executed dictator Saddam Hussein, a total of 4,125 US troops have been killed in Iraq, according to independent website icasualties.org.

The downward trend began in the middle of last year after a US troop “surge”, although there were two spikes in bloodshed in March and April when fierce fighting erupted between Shiite militiamen and US-led forces.

Icasualties.org said the number of Iraqi civilian dead fell to 302 in July, the lowest since April 2005, from 373 in June while the toll among Iraqi security forces rose in July to 91 from 77.

The commander of US forces in Iraq, General David Petraeus, said in an interview published two days ago that overall violence was falling to almost “normal” levels.

But he warned that the trend could be reversed by “sensational attacks” such as two bombings on Monday that rocked Baghdad and the northern oil hub of Kirkuk in which about 56 Iraqis were killed and more than 200 wounded.

“If you could reduce these sensational attacks further, I think you are almost approaching a level of normal or latent violence,” Petraeus told USA Today.

“The fact that the levels of violence have come down so significantly and stayed down now for some two-and-a-half months… indicates there is a degree of durability.”

Icasualties.org estimates that a total of 42,922 civilians have died since it began tallying figures in March 2005, but warns that its count cannot be verified, and the actual toll is much higher.

The United States and Iraq are still trying to hammer out an agreement governing US troops levels in the country beyond 2008 when the UN mandate covering the presence of foreign soldiers expires.

In principle, Thursday was the deadline set in November by US President George W. Bush and Iraqi Prime Minister Nuri al-Maliki to sign a Status of Forces Agreement.

Maliki this month shook the White House by saying he was in favour of setting a date for the withdrawal of US combat troops in Iraq, where the US force currently totals about 142,500.

The White House said earlier this month it did not think Baghdad and Washington would meet the July 31 deadline for the pact, which could be a few days or a couple of weeks ago.

Iraqi Interior Minister Jawad Bolani said on Monday that he believed they were “moving in the right direction” towards concluding an agreement, despite some opposition in Iraq.

Radical anti-American Shiite cleric Moqtada al-Sadr said in a statement on Thursday that he objected to a deal with the “occupier” and urged Iraqis to stand up against the pact.

Asked whether Iraqi troops could fill the void created by a US withdrawal, Bolani said the issue was being evaluated by his ministry against factors such as experience and training of Iraqi forces.

To date 10 of Iraq’s 18 provinces have been handed over to the Iraqis.

“After all that perhaps we can determine, look into the issue of decreasing the forces or decreasing the amount of personnel there,” he said, adding that Iraqi forces had demonstrated their ability to contain the “threat of terrorism.”

In listening and watching this speech I wanted to give my analysis.
At about 4 Minutes he starts to talk about Germany and Proclaims:

The size of our forces was no match for the much larger Soviet Army. And yet retreat would have allowed Communism to march across Europe. Where the last war had ended, another World War could have easily begun. All that stood in the way was Berlin.

No one else sees the Irony of this statement?
The very man who is part of a party and an ideology that believes that the path to victory is through defeat and retreating.

At about 5 Minutes he continues to talk of Freedom.
Another bit of Irony since Obamas vision of freedom is one that removes the 2nd amendment from the people. That freedom is put in place for the individual against the possibly tyranny of the govt. The man speaks of freedom yet his goal is to create a large role for govt and govt programs then ever before.

At about 7 minutes he talks about the Berlin Wall.
The funniest thing about this portion of the speech is that at the time that the wall fell down, it was not a moment to be proud of the US for Obama’s wife. Nope not at all. Not till recently has she been proud of this nation and its efforts.

At 8 minutes he talks about global warming. Damn Boston with their industrial section. They are melting the polar ice caps! But he said something about droughts in Kansas. Kansas has had some of the wettest times in decades.

At 9 minutes he talks about Nuclear Weapons, yet by his own admission he would negotiate with terrorist organization and nations like Iran without precondition. Its not till recently that this position has been massaged differently in the MSM, to make people believe that it has always been his position.

So I am guessing at about 9:10 that we are going to be going into Darfur to stop that Civil War. Hmmmm, I thought we cannot go into Civil War and solve it militarily?

At about 9:45 he talks about more terrorists threats, yet many in his own party, the liberal wing which really is the base, do not believe these people to be massive threats as he states here. Sounds like more platitudes to me. Empty rhetoric and such. Hell a leader in his party and presidential candidate just months ago called Terrorism a Bump Sticker slogan. A man whom I believe will be the AG of the nation should Obama win.

At about 11:30 he talks about more Unity with the European nations. So which way is the unity going to swing? More towards the socialist tendencies of European nations?

At about 15 minutes, aside from my urge to sing the song “Give peace a Chance” I noticed that he again talks about terrorism and extremists terrorists. Oddly enough it was recently stated by a Judge in England that Shiite law can coexist with Modern British law. Is this the sort of unity that he speaks of?

At 16 minutes he again talks about Afghanistan and the terrorists in Afghanistan, but again he refuses to acknowledge the terrorists that are in Iraq, the ones that caused the sectarian split and amplified it. The ones that are being beaten back by Iraqi and US forces coming together in what has been termed as ‘the surge’ and the success that has come from that endeavor.

Fascinating how all that he is stating for Afghanistan cannot be said for Iraq for his supporters. Absolutely stunning really.

Also in the video, CBS missed the dude with the American Flag that was upside down (18:05 minutes)

18:45 he talks about:

This is the moment when we must build on the wealth that open markets have created, and share its benefits more equitably. Trade has been a cornerstone of our growth and global development. But we will not be able to sustain this growth if it favors the few, and not the many. Together, we must forge trade that truly rewards the work that creates wealth, with meaningful protections for our people and our planet. This is the moment for trade that is free and fair for all.

Which translation means. We better hang on for the new flood of Wealth Redistribution, which has shown time and time again never works, and never accomplishes the goals which they set out to achieve.

What Obama fails to grasp here is that the growth will not be possible if your goal is to increase the taxation on corporations, since what they will do is seek other locations that will be more receptive to less taxation.

20 minutes he talks about Iraq:

And despite past differences, this is the moment when the world should support the millions of Iraqis who seek to rebuild their lives, even as we pass responsibility to the Iraqi government and finally bring this war to a close.

Had it been up to Obama, we would not have had the surge to train the Iraqi forces to be able to take responsibility for their government. We would not have the stability that has come about to give breathing room for the political parties of Iraq to talk without a bomb going off outside.

That is the ridiculousness of Obama’s speech and his rhetoric. That even when wrong, he can’t seem to admit it, despite the overwhelming facts to the contrary staring at him in his face.

LOL I just realized he is wearing a Lapel pin. Where are the supporters now of him not wearing one? Good stuff.

23 minutes he talks about

Will we welcome immigrants from different lands

Just as a note, we do, just that they NEED TO follow the rule of law that he spoke about in that same little breath. Allowing a nation to be overrun with people that laugh in the face of the rule law isn’t the sort of immigrants that I want nor that people should accept into this nation.

Whoa Whoa… 24 Minutes in:

indeed, every language is spoken in our country

Just 2 weeks ago Obama was saying that all we can say in France was Merci Boucoup. WTF?

Lots of Platitudes and Lots of Ideology….
All that was needed from this video was the “Kumbaya” song.

This man is so presumptuous that this article fits perfectly.

News Link

He ventured forth to bring light to the world
The anointed one’s pilgrimage to the Holy Land is a miracle in action – and a blessing to all his faithful followers

And it came to pass, in the eighth year of the reign of the evil Bush the Younger (The Ignorant), when the whole land from the Arabian desert to the shores of the Great Lakes had been laid barren, that a Child appeared in the wilderness.

The Child was blessed in looks and intellect. Scion of a simple family, offspring of a miraculous union, grandson of a typical white person and an African peasant. And yea, as he grew, the Child walked in the path of righteousness, with only the occasional detour into the odd weed and a little blow.

When he was twelve years old, they found him in the temple in the City of Chicago, arguing the finer points of community organisation with the Prophet Jeremiah and the Elders. And the Elders were astonished at what they heard and said among themselves: “Verily, who is this Child that he opens our hearts and minds to the audacity of hope?”

In the great Battles of Caucus and Primary he smote the conniving Hillary, wife of the deposed King Bill the Priapic and their barbarian hordes of Working Class Whites.

And so it was, in the fullness of time, before the harvest month of the appointed year, the Child ventured forth – for the first time – to bring the light unto all the world.

He travelled fleet of foot and light of camel, with a small retinue that consisted only of his loyal disciples from the tribe of the Media. He ventured first to the land of the Hindu Kush, where the

Taleban had harboured the viper of al-Qaeda in their bosom, raining terror on all the world.

And the Child spake and the tribes of Nato immediately loosed the Caveats that had previously bound them. And in the great battle that ensued the forces of the light were triumphant. For as long as the Child stood with his arms raised aloft, the enemy suffered great blows and the threat of terror was no more.

From there he went forth to Mesopotamia where he was received by the great ruler al-Maliki, and al-Maliki spake unto him and blessed his Sixteen Month Troop Withdrawal Plan even as the imperial warrior Petraeus tried to destroy it.

And lo, in Mesopotamia, a miracle occurred. Even though the Great Surge of Armour that the evil Bush had ordered had been a terrible mistake, a waste of vital military resources and doomed to end in disaster, the Child’s very presence suddenly brought forth a great victory for the forces of the light.

And the Persians, who saw all this and were greatly fearful, longed to speak with the Child and saw that the Child was the bringer of peace. At the mention of his name they quickly laid aside their intrigues and beat their uranium swords into civil nuclear energy ploughshares.

From there the Child went up to the city of Jerusalem, and entered through the gate seated on an ass. The crowds of network anchors who had followed him from afar cheered “Hosanna” and waved great palm fronds and strewed them at his feet.

In Jerusalem and in surrounding Palestine, the Child spake to the Hebrews and the Arabs, as the Scripture had foretold. And in an instant, the lion lay down with the lamb, and the Israelites and Ishmaelites ended their long enmity and lived for ever after in peace.

As word spread throughout the land about the Child’s wondrous works, peoples from all over flocked to hear him; Hittites and Abbasids; Obamacons and McCainiacs; Cameroonians and Blairites.

And they told of strange and wondrous things that greeted the news of the Child’s journey. Around the world, global temperatures began to decline, and the ocean levels fell and the great warming was over.

The Great Prophet Algore of Nobel and Oscar, who many had believed was the anointed one, smiled and told his followers that the Child was the one generations had been waiting for.

And there were other wonderful signs. In the city of the Street at the Wall, spreads on interbank interest rates dropped like manna from Heaven and rates on credit default swaps fell to the ground as dead birds from the almond tree, and the people who had lived in foreclosure were able to borrow again.

Black gold gushed from the ground at prices well below $140 per barrel. In hospitals across the land the sick were cured even though they were uninsured. And all because the Child had pronounced it.

And this is the testimony of one who speaks the truth and bears witness to the truth so that you might believe. And he knows it is the truth for he saw it all on CNN and the BBC and in the pages of The New York Times.

Then the Child ventured forth from Israel and Palestine and stepped onto the shores of the Old Continent. In the land of Queen Angela of Merkel, vast multitudes gathered to hear his voice, and he preached to them at length.

But when he had finished speaking his disciples told him the crowd was hungry, for they had had nothing to eat all the hours they had waited for him.

And so the Child told his disciples to fetch some food but all they had was five loaves and a couple of frankfurters. So he took the bread and the frankfurters and blessed them and told his disciples to feed the multitudes. And when all had eaten their fill, the scraps filled twelve baskets.

Thence he travelled west to Mount Sarkozy. Even the beauteous Princess Carla of the tribe of the Bruni was struck by awe and she was great in love with the Child, but he was tempted not.

On the Seventh Day he walked across the Channel of the Angles to the ancient land of the hooligans. There he was welcomed with open arms by the once great prophet Blair and his successor, Gordon the Leper, and his successor, David the Golden One.

And suddenly, with the men appeared the archangel Gabriel and the whole host of the heavenly choir, ranks of cherubim and seraphim, all praising God and singing: “Yes, We Can.”

Media Political Slant?

Naaaa…

News Link

3 Anchors to Follow Obama’s Trek Abroad
The three network anchors will travel to Europe and the Middle East next week for Barack Obama’s trip, adding their high-wattage spotlight to what is already shaping up as a major media extravaganza.

Lured by an offer of interviews with the Democratic presidential candidate, Brian Williams, Charlie Gibson and Katie Couric will make the overseas trek, meaning that the NBC, ABC and CBS evening newscasts will originate from stops along the route and undoubtedly give it big play.

John McCain has taken three foreign trips in the past four months, all unaccompanied by a single network anchor.

Obama has “proven adept at generating excitement,” says David Folkenflik, media correspondent for National Public Radio. He said the anchors hope “a little bit of that excitement will rub off on their newscasts if they can convey an American phenomenon abroad, if that’s what it turns out to be. Senator McCain is not as magnetic a figure in that way.”

Jim Geraghty, a columnist for National Review Online, said Obama’s paucity of foreign travel as a presidential candidate makes the trip a natural draw for news organizations, while “McCain has been around forever, and he’s probably been to all these places before.” But, he says, “the networks will be acting as a PR wing for the Obama campaign if they treat any of these photo ops as truly newsworthy breakthroughs.”

The plan is for Williams, Gibson and Couric interviews to be parceled out on successive nights in different countries, giving each anchor a one-day exclusive. (Correspondents could have done the interviews instead, but a certain competitiveness sets in once one or two anchors agree to go.) The Washington Post is withholding the scheduled locations for security reasons.

Some 200 journalists have asked to accompany Obama on the costly trip, which will include stops in Iraq and Afghanistan, but the campaign will be able to accommodate only one-fifth that number. No itinerary has been announced.

The senator from Illinois has been drawing far more media attention than his Republican rival from Arizona. With this week’s Newsweek cover story on Obama’s religious beliefs, he has been featured on Time and Newsweek covers 12 times in the past three years, compared with five for McCain. This week’s New Yorker includes a 14,600-word piece on Obama’s political rise in Chicago. Obama and his wife, Michelle, were recently on the cover of Us Weekly and were interviewed — with their young daughters, which Obama later said he regretted — by “Access Hollywood.”

When McCain visited Britain, France and Israel in March and met with their leaders, no network anchors tagged along. NBC and ABC sent correspondents; CBS did not. None of the evening newscasts covered his trip to Canada last month. And McCain’s swing through Colombia and Mexico two weeks ago was barely covered, although NBC and ABC sent correspondents.

The upcoming Obama trip, by contrast, has already generated stories about how large his crowds will be and whether German authorities will allow him to speak at the Brandenburg Gate. “Europe Awaits Obama With Open Arms,” the Los Angeles Times reported yesterday.

Shutdown UBS?

That is the call today by Senator Levin.
As if the banking industry needs anything else to be jittery about.
Are these folks up in DC that stupid?

News Link

Federal regulators should consider revoking the US banking license of the giant Swiss Bank UBS because of its role in helping wealthy Americans evade billions of dollars in taxes, Sen. Carl Levin (D-MI) told ABC News today.

“I don’t think that any bank that goes to the extent that UBS has gone through to avoid doing what their agreements with the United States require them to do, should be allowed to continue to do business unless they clean up their act,” Levin said.

UBS’s role in arranging “undeclared” accounts for an estimated 19,000 US citizens was one focus of a hearing by the Senate Permanent Subcommittee on Investigations, chaired by Levin today. The role of the LGT bank, owned by the royal family of Liechtenstein, was also investigated.

Levin said UBS practices resulted in its U.S. clients maintaining undeclared Swiss accounts that collectively held “$18 billion dollars in assets that have been kept secret from the the IRS.”

“They wanted secrecy. UBS gave them secrecy,” Levin said.

Levin revealed a list of “secrecy tricks” he said the UBS bankers used to carry out their tax haven schemes.

The list includes code names for clients, using untraceable pay phones, encrypted computers, fake trusts, counter-surveillance training, and shredding files.

Levin said UBS hid behind Swiss bank secrecy laws to hide its misconduct, and offered services in the US it was not licensed to provide.

UBS is the world’s largest private bank catering to wealthy individuals.

One of its bankers, Bradley Birkenfeld, has already pleaded guilty in the US to tax evasion and fraud and is cooperating with federal prosecutors in Miami.

In a plea agreement, Birkenfeld detailed how he said he had been trained by UBS to help wealthy Americans evade taxes.

In one case, Birkenfeld told prosecutors he purchased diamonds using a US client’s Swiss bank account and smuggled the diamonds into the United States in a toothpaste tube.

He called for passage of new laws to end tax haven abuses.

“Tax havens,” said Levin, “are engaged in economic warfare against the United States and honest, hardworking American taxpayers.”

Maybe if you stopped taxing the living shit out of peoples accounts they would keep the money here and increase the savings amounts in the US!? In turn increasing deposits in US banks, increasing the availably capital banks need to stay liquid.

Naa that would be crazy talk, they need to tax you when you make the money, tax you when you pay the govt for the money, tax you when you save the money, tax you when you invest the money, tax you for living on your property and tax you when you die so that your heirs can pay more taxes on that as well.

Moron! Fix the taxing system not shut down a bank!