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Old Mar 20th, 2012, 08:21 AM   #71
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And they will en masse, continue to look for the best deal. This whole notion that we suddenly start forcing corporations to act responsibly by our buying choices as a solution to all the ails the corporate world is for morons. It has been done on a very limited rare case, but everytime sometime suggests this as an actual valid solution, it makes me laugh.

And yes it's about time one of them finally owned up to this great sham of corp tax cuts = job creation.

It's merely syphoning money from our pockets into exec bonuses.
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Old Mar 20th, 2012, 08:44 AM   #72
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And they will en masse, continue to look for the best deal. This whole notion that we suddenly start forcing corporations to act responsibly by our buying choices as a solution to all the ails the corporate world is for morons. It has been done on a very limited rare case, but everytime sometime suggests this as an actual valid solution, it makes me laugh.
I guess it would make you laugh if you didn't understand it at all. And that appears to be the case.
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Old Mar 20th, 2012, 08:50 AM   #73
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I guess it would make you laugh if you didn't understand it at all. And that appears to be the case.
understand what?

Explain.
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Old Mar 20th, 2012, 08:56 AM   #74
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I'm glad you understand this; I wish more conservative supporters would quit using the mantra of job creation to justify the asinine policies they espouse. The responsibility of corporations is to generate profits for their share-holders. Nothing else.
Right, but this doesn't mean that everyone operating a corporation is a maniac either.

The whole idea of job creation will work ONLY when the company needs to hire more people--nobody decides to hire someone because they get a subsidy on their wages, or some other government kickback, or directly because of tax breaks. This is not to say that tax breaks can't create jobs if that freed-up money is used to expand the business, or if the tax breaks encourage businesses to locate in a particular country. Just that there's no direct link.

Dollar democracy is particularly effective here--more effective in many cases than any government regulation. A good example is a recent California regulation micro-managing the size of an egg-laying chicken's nest. The net result was an exodus of egg-farmers from California. Californians now buy more eggs imported from other states. On the other hand, watch the number of brands of eggs now for sale from free-run chickens in Canadian stores. I'm willing to spend a buck on the belief that a free-run hen is happier, and as more people buy these eggs, the price is coming down closer to that of regular eggs. Organic milk likewise.

I would also advise people who believe hat a particular company is robbing them blind to buy stock in it. Hate the banks? Buy bank stock. Not only will you directly benefit from their policies, but you have an opportunity to modify them as well.
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Old Mar 20th, 2012, 10:16 AM   #75
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"So it seems like Romney vs. Obama will be the ticket... any guesses as to the victor and the degree of margin of victory?" My prediction, scrature, is Pres. Obama will win with 325 electoral votes. We shall see.
Not sure about the margin (mostly because I don't remember the numbers) but I do think Obama will win, but with a slimmer margin than in 2008.
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Old Mar 20th, 2012, 10:24 AM   #76
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Not sure about the margin (mostly because I don't remember the numbers) but I do think Obama will win, but with a slimmer margin than in 2008.
Sonal, in 2008, then Sen. Obama received 365 electoral votes to 173 for McCain. This year I am taking some of those "blue states" (Democratic) and changing them to "red states" (Republican). Still, with only 270 needed to win, Pres. Obama is reelected. We shall see.

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Old Mar 20th, 2012, 10:26 AM   #77
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Sonal, in 2008, then Sen. Obama received 365 electoral votes to 173 for McCain. This year I am taking some of those "blue states" (Democratic) and changing them to "red states" (Republican). Still, with only 270 needed to win, Pres. Obama is reelected. .
It ill take nothing short of a miracle to re-elect Obama, but that miracle may come in the form of Mitt Romney, the Bob Dole of the current crop of Republicans. Given a Paul Ryan, Obama would be decimated.
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Old Mar 20th, 2012, 01:24 PM   #78
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The lines are being drawn already in the US. House Budget Committee Chairman Paul Ryan (R-WI), the aforementioned by Macfury, presented his 2013 budget plan on Capitol Hill March 20th.

This just in from the Washington Post --

This year’s GOP measure would produce deficit estimates that are significantly lower than a comparable measure passed by the House a year ago, claiming deficit cuts totaling $3.3 trillion — spending cuts of $5.3 trillion tempered by $2 trillion in lower taxes

The lower deficit figures build on cuts to annual agency budgets imposed last year and rely on new savings comes from benefit programs outside Social Security and the costly Medicare and Medicaid health care programs for the elderly and the poor.

On taxes, the measure calls for eliminating a host of tax deductions and credits in order to produce a far simpler income tax code with just two rates for individuals: 10 percent and 25 percent. But Ryan doesn’t say the income levels at which the new rates would apply.

The only way to cut the top tax rate to 25 percent is to essentially end the tax deductions for health care coverage, mortgage interest expenses and charitable contributions, even as Republicans would keep the temporary lower rates for capital gains and dividends that mainly benefit very high-income taxpayers.

Almost half of Ryan’s spending cuts come from $2.5 trillion in cuts to federal health care programs — including repeal of Obama’s signature health care law — over the coming decade.

This year, under pressure from conservatives to cut even more, Ryan doubled down on cuts to food stamps, student loans, welfare, and farm subsidies to small non-corporate farmers.
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Old Mar 20th, 2012, 01:32 PM   #79
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It ill take nothing short of a miracle to re-elect Obama, but that miracle may come in the form of Mitt Romney, the Bob Dole of the current crop of Republicans. Given a Paul Ryan, Obama would be decimated.
Pres. Obama and VP Biden vs Paul Ryan for president and Rand Paul for vice president. Now, that would be an election that would have the people of America singing "Which side are you on?"

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Old Mar 20th, 2012, 01:38 PM   #80
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I'm not so sure that Obama will win, as it appeared to me from the moment of his election that his own party was against him..I am not so sure things have changed all that much.
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