How can republicans possibly justify the continuation of oil subsidies yet ...

[Redfish]

Funny how all the libs left the thread after being totally defeated with facts, logic, and common sense.

Happens in every thread on every topic.

Liberalism is truly a mental disease.

 

[natstew]

The far left Obama drones don't have a clue beyond their talking points and propaganda.

From the far left:
“Unemployment benefits are creating jobs faster than practically any other program”

It is the reason why the far left should not be in charge of anything.

That statement is true. Economic demand is created where it wouldn't be otherwise. This is capitalism 101. Just because something seems counter intuitive, it doesn't mean it's not true.

Billy boy, that's a false economy, it collapses when the Government runs out of money, which it eventually will. They can only print money until the rest of the World wakes up and stops taking dollars. The more they print, the less they're worth. Economics 101. Example: The more you cut the pie, the smaller the pieces are, unless you make the pie bigger, and you don't do that by extending unemployment bennefits, you do that by making it possible for companies to expand and still make a profit.
The trouble really started when China was admitted to the World Trade Organization, and the nail was placed in the coffin for American economics when China was promoted to "Favored Nation" trading status. The final nail is being hammered every time a shipload of "made in China" goods is unoaded at an American port. Some generation of Americans are going to suffer like none before because of previous generations of self centered stupidity.
The solution is so drastic that I don't think any politician has the guts to seriously promote it, cut off all trade with China, PERIOD! Have ou military on full alert when it's announce and be ready to launch a full scale attack on China.
It ain't pretty, but if you have a better solution, let us in on it!

 

[Redfish]

The far left Obama drones don't have a clue beyond their talking points and propaganda.

From the far left:
“Unemployment benefits are creating jobs faster than practically any other program”

It is the reason why the far left should not be in charge of anything.

That statement is true. Economic demand is created where it wouldn't be otherwise. This is capitalism 101. Just because something seems counter intuitive, it doesn't mean it's not true.

Billy boy, that's a false economy, it collapses when the Government runs out of money, which it eventually will. They can only print money until the rest of the World wakes up and stops taking dollars. The more they print, the less they're worth. Economics 101. Example: The more you cut the pie, the smaller the pieces are, unless you make the pie bigger, and you don't do that by extending unemployment bennefits, you do that by making it possible for companies to expand and still make a profit.
The trouble really started when China was admitted to the World Trade Organization, and the nail was placed in the coffin for American economics when China was promoted to "Favored Nation" trading status. The final nail is being hammered every time a shipload of "made in China" goods is unoaded at an American port. Some generation of Americans are going to suffer like none before because of previous generations of self centered stupidity.
The solution is so drastic that I don't think any politician has the guts to seriously promote it, cut off all trade with China, PERIOD! Have ou military on full alert when it's announce and be ready to launch a full scale attack on China.
It ain't pretty, but if you have a better solution, let us in on it!

except for the attack part, what you say is correct. If we cut off trade, China would be forced to modify their policies or go broke. They would adapt rather than have their people starve or be nuked.

 

[Dont Taz Me Bro]

The Surprising Reason That Oil Subsidies Persist: Even Liberals Love Them - Forbes

Read and learn

Democrats like oil subsidies too

What a load of Malarkey.

Then why haven't you gotten rid of them? You certainly had the opportunity during your super majority in Congress.

 

[Dont Taz Me Bro]

By the way, oil companies aren't receiving subsidies.

People need to learn what these words mean.

 

[natstew]

...we should discontinue unemployment benefits?

The economy lost severa millions of jobs. People can't look for jobs that don't exist. Are republicans too stupid to understand this?

So old question still exists: why would anyone want to be a republican?

"we should discontinue unemployment benefits" That is equal to a lie! There's a big difference between a limit on unemployment benefits and discontinuing unmployment benefits! GET HONEST and maybe you'll gain some credibility! And, the Republicans wanted the benefits to be paid for, not eliminated!

"The economy lost several millions of jobs. People can't look for jobs that don't exist. Are republicans too stupid to understand this?"
No, Republicans are not too stupid to understand this! The Democrats are to stupid to understand that those jobs were lost when the housing bubble that they caused finally burst! If the Democrats had not passed legislation that forced banks to make housing loans to people who couldn't make the payments there wouldn't have been a 'bubble' to burst! The Democrats passed legislation that would have charged banks that didn't make these loans to mostly black poor people with racism.

The whole damn recession/depression is the result of Democrats using the Race Card for political purposes.

 

[Sallow]

Funny how all the libs left the thread after being totally defeated with facts, logic, and common sense.

Happens in every thread on every topic.

Liberalism is truly a mental disease.

You guys have a funny habit of declaring victory where there is none.

[ame=http://www.youtube.com/watch?v=dhRUe-gz690]Black Knight - YouTube[/ame]

 

[Sallow]

The Surprising Reason That Oil Subsidies Persist: Even Liberals Love Them - Forbes

Read and learn

Democrats like oil subsidies too

What a load of Malarkey.

Then why haven't you gotten rid of them? You certainly had the opportunity during your super majority in Congress.

You keep forgetting about little things like the filibuster.

 

[Sallow]

Maintaining the flow of oil from the mideast is in the interest of the USA and the entire world.

But you claimed that we stole their oil. Thats a lie, we pay for every barrel that is shipped to us.

When you put troops in other people's land to get their natural resources..that's theft.

We wouldn't put up with it if it was done to us.

Unfortunately the "Golden Rule" is a one way street with you folks. Which is why we have radicals knocking down buildings in New York and Washington.

Theft is when to take something without paying for it. We pay for every barrel of oil that we get from the mid east.

The "wars" in Iraq and Afghanistan are a different topic, if you want to talk about those fiascos, start a new thread.

Yes...we 'pay' the American companies that get it for us.

It's kinda like the left hand giving the right hand a dollar.

And..no..they aren't a "different' topic.

These wars were all about oil.

 

[TooTall]

Why do you people post such non sense like Forbes and Fox News? It mentions two democrats for fossil fuel subsidies. Even if democrats like it, it is republican creation.

Billy Billy, Billy, nice attempt at Dodge, Duck, Dip, Dive and Dodge.

Dodge what?

You folks have the nasty habit of calling something "Bi-partisan" when the smallest amount of the opposition shows support for your cause, yet when the inverse is true you do not.

Oil companies are the most profitable industry in all the history of capitalism.

They do not need nor should they get tax breaks and subsidies.

The depletion allowance is based on the oil remaining in the ground. The money saved from paying taxes is used to explore for more oil and develope more and better ways to extract the oil. What happens to the oil companies when there is no more oil?

Gold and other precious metal mining companies get the depletion allowance as well.

The other tax breaks oil companies are no more or less than what ALL other corporations get.

Also, oil companies paid the highest amount of taxes when compared to the rest of the 25 most profitable US corporations. And there EFFECTIVE tax rates were from 41% to 48.3% which is higher than the top corporate rate of 35%.

All you would do by eliminating a tax break would be offset by the decrease in profits which then decreases the taxes collected. It is called an unintended consequence so be careful what you wish for.

 

[Redfish]

When you put troops in other people's land to get their natural resources..that's theft.

We wouldn't put up with it if it was done to us.

Unfortunately the "Golden Rule" is a one way street with you folks. Which is why we have radicals knocking down buildings in New York and Washington.

Theft is when to take something without paying for it. We pay for every barrel of oil that we get from the mid east.

The "wars" in Iraq and Afghanistan are a different topic, if you want to talk about those fiascos, start a new thread.

Yes...we 'pay' the American companies that get it for us.

It's kinda like the left hand giving the right hand a dollar.

And..no..they aren't a "different' topic.

These wars were all about oil.

Afghanistan was about oil??? really ?

The oil companies pay the mid east countries for every barrel that they get from them. Saudi Arabia, Lybia, Kuwait, and most of the other mid east countries would not even have access to their oil if the american and british oil companies did not spend billions developing those oil fields.

Yes, the oil companies pay for the crude, ship it to refineries and spend more billions to make it into gasoline, fuel oil, and diesel. then they sell it to the consumers at an average taxable profit of around 8%------------how awful !!!!

 

[natstew]

...we should discontinue unemployment benefits?

The economy lost severa millions of jobs. People can't look for jobs that don't exist. Are republicans too stupid to understand this?

So old question still exists: why would anyone want to be a republican?

This is what set us up for the recession/depression: President Clinton's tenure was characterized by economic prosperity and financial deregulation, which in many ways set the stage for the excesses of recent years. Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. It is the subject of heated political and scholarly debate whether any of these moves are to blame for our troubles, but they certainly played a role in creating a permissive lending environment.


Now I ask: Why would anyone want to be a Democrat?

 

[Redfish]

Billy Billy, Billy, nice attempt at Dodge, Duck, Dip, Dive and Dodge.

Dodge what?

You folks have the nasty habit of calling something "Bi-partisan" when the smallest amount of the opposition shows support for your cause, yet when the inverse is true you do not.

Oil companies are the most profitable industry in all the history of capitalism.

They do not need nor should they get tax breaks and subsidies.

The depletion allowance is based on the oil remaining in the ground. The money saved from paying taxes is used to explore for more oil and develope more and better ways to extract the oil. What happens to the oil companies when there is no more oil?

Gold and other precious metal mining companies get the depletion allowance as well.

The other tax breaks oil companies are no more or less than what ALL other corporations get.

Also, oil companies paid the highest amount of taxes when compared to the rest of the 25 most profitable US corporations. And there EFFECTIVE tax rates were from 41% to 48.3% which is higher than the top corporate rate of 35%.

All you would do by eliminating a tax break would be offset by the decrease in profits which then decreases the taxes collected. It is called an unintended consequence so be careful what you wish for.

great summary, get ready for one of the resident libs to call you a liar.

 

[Redfish]

What a load of Malarkey.

Then why haven't you gotten rid of them? You certainly had the opportunity during your super majority in Congress.

You keep forgetting about little things like the filibuster.

which bill to eliminate the oil depletion allowance or exploration tax credit was fillibustered by the GOP?

 

[natstew]

So called, "Oil Subsidies", really don't exist. The oil companies get the same tax incentives as the rest of 'industry'. The Left calls them 'subsudies' only when applied to the oil industry.
FACT: The oil industry pays more taxes than any other industry on earth. The Government collects more taxes from the oil industry than the oil industry makes in profits.

 

[Soggy in NOLA]

The far left Obama drones don't have a clue beyond their talking points and propaganda.

From the far left:
“Unemployment benefits are creating jobs faster than practically any other program”

It is the reason why the far left should not be in charge of anything.

That statement is true. Economic demand is created where it wouldn't be otherwise. This is capitalism 101. Just because something seems counter intuitive, it doesn't mean it's not true.

Well then, if that's the case.... we've been doling out unemployment benefits for 5 ******* years... in addition to a trillion $$ in stimulus.. we should be at about zero unemployment by now. Oh, but wait, we're in the double digits.

Your "theory" is horseshit.

 

[Avatar4321]

Tax breaks available for any business are not oil subsidies.

A tax break, by definition, isn't a subsidy.

if you can't even honestly discuss the issues at hand, why on earth should we care what you think?

 

[Avatar4321]

BTW if we were to accept the premise the justification is easy:

One puts people to work. One encourages them not to.

 

[Soggy in NOLA]

Tax breaks available for any business are not oil subsidies.

A tax break, by definition, isn't a subsidy.

if you can't even honestly discuss the issues at hand, why on earth should we care what you think?

Their way of thinking only works if you believe the government is automatically entitled to 100% of your property and then anything they don't take is a break.

 

[Sallow]

Theft is when to take something without paying for it. We pay for every barrel of oil that we get from the mid east.

The "wars" in Iraq and Afghanistan are a different topic, if you want to talk about those fiascos, start a new thread.

Yes...we 'pay' the American companies that get it for us.

It's kinda like the left hand giving the right hand a dollar.

And..no..they aren't a "different' topic.

These wars were all about oil.

Afghanistan was about oil??? really ?

The oil companies pay the mid east countries for every barrel that they get from them. Saudi Arabia, Lybia, Kuwait, and most of the other mid east countries would not even have access to their oil if the american and british oil companies did not spend billions developing those oil fields.

Yes, the oil companies pay for the crude, ship it to refineries and spend more billions to make it into gasoline, fuel oil, and diesel. then they sell it to the consumers at an average taxable profit of around 8%------------how awful !!!!

Yes.

It was.

Check into a library.

As for the rest of your nonsense?

See above.

Read a book.