Editorial by a Clear-Thinking Liberal

PoliticalChic

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Oct 6, 2008
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1. "Having lived in 11 states and every region of the country, and having covered or closely observed presidential elections since 1968, I should be some kind of political sage. But the contradictory attitudes of voters captured by pollsters here and across the nation are testing my sagacity.

2. On average, almost 60% of Americans think the country is on the "wrong track." According to Gallup, 64% fear that big government is the "biggest threat" to the nation.

3. Almost three-fourths of Americans say they favor a free market over a government-managed economy. A lopsided majority want Obama's health care reform plan struck down.



4. Yet, Obama continues to hold his own against Romney.




5. I understand the math on party loyalty. What doesn't compute for me is how this could be a close election. But I have a scary theory: While some independents, who are growing in numbers and will decide this thing, understand instinctively what's at stake, not nearly enough do — or care.

6. I never imagined that a president, in only one term, could set up such a stark choice for voters. We can recommit ourselves to free enterprise as the creator of prosperity for all who are willing to work for it, or embrace an entitlement society represented in the incredible Obama cartoon ad that promises cradle-to-grave government support for a girl named "Julia."...Which way do we want the country to go?


7. This is not about taxing the super-rich more, or maintaining a safety net for the truly needy, or locking up a bunch of Wall Street crooks. I'm for all those things. And it's not about gay marriage or contraceptives or too much fat in our diets. It's about preserving American capitalism or gravitating to a form of European democratic-socialism. And about the kind of country we want to be, or reclaim.

8. Owing to various economic forces, (outsourcing, illegal immigration, bankruptcies and technological efficiencies), the middle class is being pulled in two directions. Unfortunately, the downward pull is stronger.



9. The Obama solution is to have the federal government heavily subsidize those caught in the downdraft, which is why the number of people on government assistance is at an all-time high. That's a political strategy you'd expect from a liberal Democrat who gets caught saying the private sector is in fine shape (and has to rebuke himself for his fleeting moment of candor) while bemoaning the loss of government jobs.

a. The Romney solution, on the other hand, is to create an environment where entrepreneurialism can thrive, with the risks that entails...



10. It's a clear choice. Capitalism isn't perfect, but it's better than any other economic system ever devised.
http://www.usatoday.com/news/opinion/forum/story/2012-06-19/romney-obama-ohio-swing-state/55695314/1
 
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Yeah could you link this PC. I am sure it was mistake, you are always pretty good at linking. :-D
 
Stark election choice in Ohio

not sure how he is identified as liberal...

Item #7 in the OP:
"This is not about taxing the super-rich more, or maintaining a safety net for the truly needy, or locking up a bunch of Wall Street crooks. I'm for all those things. "

i don't have a problem with #2 and #3 in your response there. does than make me a clear thinking liberal?


No one ever said you were 'clear-thinking.'
 
I had to laugh when the writer coughed this up:

The Romney solution, on the other hand, is to create an environment where entrepreneurialism can thrive, with the risks that entails: less government regulation, targeted tax breaks (including on more than $1 trillion in U.S. profits parked in foreign banks) and incentives for investment that have a real punch.
 
I had to laugh when the writer coughed this up:

The Romney solution, on the other hand, is to create an environment where entrepreneurialism can thrive, with the risks that entails: less government regulation, targeted tax breaks (including on more than $1 trillion in U.S. profits parked in foreign banks) and incentives for investment that have a real punch.

Tell me... which scenario do you think would be better for you..
Scenario I.
Bush tax cuts expire.
39% instead of 35% on corporations for example.
Now the FACT is the average tax rate paid by corporations is:
In 2008, corporations paid $228,522,752,000 of taxes during the year. This amount was on net income of $1,806,889,716,000. This is an average of $39,082 in taxes paid per corporation for all corporations that filed a return.
For corporations that paid taxes, the average tax paid was $71,776.26.
In 2008, corporations had an effective tax rate of 12.6 percent
What Is the Average Cost of Corporate Taxes? | Small Business - Chron.com

So after deductions average tax rate was 12.6%

Now if everything stays the same i.e. starting was 35% net tax 12.6% means 1/3 right?

Tax rate goes to 39% then the net rate will be 12.8%~~

Using the above $228.5 billion taxes are increased from 12.6 to 12.8%
0.002% difference or another half a billion is collected.

What the risk is management/owners of these companies knowing that their
net profits will be lessened by $457 million will NOT sustain the loss but
A) won't buy new equipment
B) possibly let some people go
C) move headquarters off shore to reduce tax liability

NONE of which are desireable!
 
I had to laugh when the writer coughed this up:

The Romney solution, on the other hand, is to create an environment where entrepreneurialism can thrive, with the risks that entails: less government regulation, targeted tax breaks (including on more than $1 trillion in U.S. profits parked in foreign banks) and incentives for investment that have a real punch.

Tell me... which scenario do you think would be better for you..
Scenario I.
Bush tax cuts expire.
39% instead of 35% on corporations for example.
Now the FACT is the average tax rate paid by corporations is:
In 2008, corporations paid $228,522,752,000 of taxes during the year. This amount was on net income of $1,806,889,716,000. This is an average of $39,082 in taxes paid per corporation for all corporations that filed a return.
For corporations that paid taxes, the average tax paid was $71,776.26.
In 2008, corporations had an effective tax rate of 12.6 percent
What Is the Average Cost of Corporate Taxes? | Small Business - Chron.com

So after deductions average tax rate was 12.6%

Now if everything stays the same i.e. starting was 35% net tax 12.6% means 1/3 right?

Tax rate goes to 39% then the net rate will be 12.8%~~

Using the above $228.5 billion taxes are increased from 12.6 to 12.8%
0.002% difference or another half a billion is collected.

What the risk is management/owners of these companies knowing that their
net profits will be lessened by $457 million will NOT sustain the loss but
A) won't buy new equipment
B) possibly let some people go
C) move headquarters off shore to reduce tax liability

NONE of which are desireable!


Why can't the Liberals be honest for once...
Just tell the people what they really want...

"We wanna tax the living shit outta anything that moves"

And be done with it...

Get Debbie Wasserman Whatever her name is"
to give a speech at the Democrat Convention and be done with it. :eek:
 
An example of rules and regulations
But the new regulations won't be cheap; it's expected to cost nearly $7 billion. Released today by the Federal Register, the cost more precisely will be $6.9 billion. The paperwork burden is expected to be 148,455 hours.
Prison Rape Regulations to Cost $7 Billion | The Weekly Standard

How STUPID!!! they are going to spend at say $30/hour for paperpushers..X 148,455 hours/year

$4,453,650 just pushing papers! At $50,000 a year for more guards: 89 more guards!
 
A bargain at twice the price....
Hey I saw some of those episodes of OZ on HBO....
Not pretty....

If I end up in a cell with some of those Al Sharpton supporters.....Damm
 
While Mitt is a run of the mill progressive he is light-years beyond better than Obama. If I HAD to pick 1 of the 2 I'd go with Mitt simply because Obama like FDR will drag the recession on for another 4 years. It’s very possible Obama is remembered as one of the worst Presidents in US history, the fact that he is black will always make him stick out in our history, but when people discuss him there will be little to nothing positive to say.

Obama will be remembered as the guy that couldn’t get anything done because of blatant arrogance, an unwillingness to compromise, its was his way or no way at all. Obama will be remembered as the President that wanted to be a King and felt entitled to that title.

Bush will be remembered as an out of touch dumbass.
 
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