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Old 06-03-2009, 05:15 PM   #591
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Default Re: The Official Bash/Question/Make fun of Democrats/Government/Obama Thread

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Old 06-03-2009, 06:18 PM   #592
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Default Re: The Official Bash/Question/Make fun of Democrats/Government/Obama Thread

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I heard on Limbaugh earlier that the White House released a statement to the Arab media outlets that Obama was proud of his Muslim father and grandmother. Anyone else pick this up yet?
Sadly, one day in the not too distant future, we Christians are going to be a minority in our own country.

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U.S. companies axed 532,000 jobs last month, though this was fewer than the revised 545,000 jobs lost in April, according to the ADP National Employment Report.

The April figure was originally a decline of 491,000.
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Old 06-03-2009, 06:32 PM   #593
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Default Re: The Official Bash/Question/Make fun of Democrats/Government/Obama Thread

did anyone else hear about chavez calling dear leader chairman MaObama "comrade obama"
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Old 06-03-2009, 08:17 PM   #594
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Default Re: The Official Bash/Question/Make fun of Democrats/Government/Obama Thread

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did anyone else hear about chavez calling dear leader chairman MaObama "comrade obama"
Yep just read that.
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Old 06-03-2009, 08:17 PM   #595
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Default Re: The Official Bash/Question/Make fun of Democrats/Government/Obama Thread

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I heard on Limbaugh earlier that the White House released a statement to the Arab media outlets that Obama was proud of his Muslim father and grandmother. Anyone else pick this up yet?
Found this on MichaelSavage.com

The Emergence of President Obama's Muslim Roots
June 02, 2009 6:58 PM

ABC News' Jake Tapper and Sunlen Miller report: The other day we heard a comment from a White House aide that never would have been uttered during the primaries or general election campaign.

During a conference call in preparation for President Obama's trip to Cairo, Egypt, where he will address the Muslim world, deputy National Security Adviser for Strategic Communications Denis McDonough said "the President himself experienced Islam on three continents before he was able to -- or before he's been able to visit, really, the heart of the Islamic world -- you know, growing up in Indonesia, having a Muslim father -- obviously Muslim Americans (are) a key part of Illinois and Chicago."

Given widespread unease and prejudice against Muslims among Americans, especially in the wake of 9/11, the Obama campaign was perhaps understandably very sensitive during the primaries and general election to downplay the candidate's Muslim roots.

The candidate was even offended when referred to by his initials "BHO," because he considered the use of his middle name, "Hussein," an attempt to frighten voters.

With insane rumors suggesting he was some sort of Muslim Manchurian candidate, then-Sen. Barack Obama, D-Ill., and his campaign did everything they could to emphasize his Christianity and de-emphasize the fact that his father, Barack Obama Sr., was born Muslim.

The candidate's comment at a Boca Raton, Florida, town hall meeting on May 22, 2008, was typical: "My father was basically agnostic, as far as I can tell, and I didn't know him," he said.

In September 2008, candidate Obama told a Pennsylvania crowd, "I know that I'm not your typical presidential candidate and I just want to be honest with you. I know that the temptation is to say, 'You know what? The guy hasn't been there that long in Washington. You know, he's got a funny name. You know, we're not sure about him.' And that's what the Republicans when they say this isn't about issues, it's about personalities, what they're really saying is, 'We're going to try to scare people about Barack. So we're going to say that, you know, maybe he's got Muslim connections.'...Just making stuff up."

Back then, the campaign's "Fight the Smears" website addressed the candidate's faith without mentioning his father's religion:

"Barack Obama is a committed Christian. He was sworn into the Senate on his family Bible. He has regularly attended church with his wife and daughters for years. But shameful, shadowy attackers have been lying about Barack’s religion, claiming he is a Muslim instead of a committed Christian. When people fabricate stories about someone’s faith to denigrate them politically, that’s an attack on people of all faiths. Make sure everyone you know is aware of this deception."

The website also provided quotes from the Boston Globe and Newsweek mentioning his father's roots.

Since the election, however, with the threat of the rumors at least somewhat abated, the White House has been increasingly forthcoming about the president's roots. Especially when reaching out to the
Muslim world.

In his April 6 address to the Turkish Parliament, President Obama referenced how many "Americans have Muslims in their families or have lived in a Muslim majority country. I know, because I am one of them."
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Old 06-04-2009, 08:07 AM   #596
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Default Re: The Official Bash/Question/Make fun of Democrats/Government/Obama Thread

More importantly, concerning the job slashes, is that these numbers are skewed because we keep adding government jobs.

This has a major impact on the long-term #'s, as Obama's budget was based on this recession being short and minimal. It's turning long and ugly, and this will have a "Butterfly in China" effect over the next 10 years.
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Old 06-04-2009, 09:05 AM   #597
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Default Re: The Official Bash/Question/Make fun of Democrats/Government/Obama Thread

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More importantly, concerning the job slashes, is that these numbers are skewed because we keep adding government jobs.

This has a major impact on the long-term #'s, as Obama's budget was based on this recession being short and minimal. It's turning long and ugly, and this will have a "Butterfly in China" effect over the next 10 years.
But don't forget, he's "saving" jobs too. He's counting those as well.

"creat or save" jobs...
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Old 06-04-2009, 03:36 PM   #598
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Default Re: The Official Bash/Question/Make fun of Democrats/Government/Obama Thread

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But don't forget, he's "saving" jobs too. He's counting those as well.

"creat or save" jobs...

Obama's job creation/saving plan in action!
Way to help, Obama!


Ballmer Says Tax Would Move Microsoft Jobs Offshore

By Ryan J. Donmoyer

June 3 (Bloomberg) -- Microsoft Corp. Chief Executive Officer Steven Ballmer said the world’s largest software company would move some employees offshore if Congress enacts President Barack Obama’s plans to impose higher taxes on U.S. companies’ foreign profits.

“It makes U.S. jobs more expensive,” Ballmer said in an interview. “We’re better off taking lots of people and moving them out of the U.S. as opposed to keeping them inside the U.S.”

Obama on May 4 proposed outlawing or restricting about $190 billion in tax breaks for offshore companies over the next decade. Such business groups as the National Foreign Trade Council, the U.S. Chamber of Commerce and the Business Roundtable have denounced the proposed overhaul.

U.S. tax rules let companies defer paying corporate rates as high as 35 percent on most types of foreign profits as long as that money remains invested overseas. Obama says he wants to end such incentives to keep foreign profits tax-deferred so that companies would invest them in the U.S.

Microsoft reported an overall effective tax rate of 26 percent for 2008 in its last annual report. “Our effective tax rates are less than the statutory tax rate due to foreign earnings taxed at lower rates,” the report said.

Barry Bosworth, an economist in Washington at the Brookings Institution research center, said many software companies such as Microsoft have exploited tax and trade rules in the U.S. and other countries to achieve a low overall tax rate.

Ireland Subsidiary

Typically, he said, a company like Microsoft develops a product like Windows in the United States and deducts those costs against U.S. income. It then transfers the technology to a subsidiary in Ireland, where corporate tax rates are lower, without charging licensing fees. The company then assigns its foreign sales to the Irish subsidiary so it doesn’t have to claim the income in the United States.

“What Microsoft wants to do is deduct the cost at a high tax rate and report the profits at a low tax rate,” Bosworth said. “Relative to where they are now, the administration’s proposals are less favorable, so there will be some rebalancing on their part.”

Ballmer is one of 10 U.S. software company executives pushing back against the tax proposals in meetings today with White House officials including Jason Furman, deputy director of the National Economic Council, and the heads of congressional committees such as House Ways and Means Committee Chairman Charles Rangel, a New York Democrat.

Expense Deductions

Among other things, Obama proposed limiting expense deductions such as those for employee compensation when companies defer U.S. tax on foreign profits.

In a roundtable discussion today, Ballmer, Symantec Corp. Chairman John Thompson and the heads of smaller companies such as privately held Bentley Systems, an Exton, Pennsylvania-based maker of engineering software, said such policies would hurt domestic investment, reduce shareholder value and increase the cost of employing U.S. workers.

Ballmer said that, while the Obama proposals would preserve expense deductions related to research and experimentation costs, the overall deduction limits for companies that defer tax on foreign profits would raise the cost of employing U.S. workers. Fiduciary responsibility to shareholders would require Microsoft to cut costs, he said, meaning many jobs would be moved out of the country.

Worldwide Employees

Microsoft employed 95,029 people worldwide as of April 21, of whom 56,552 were based in the United States, according to the company’s Web site. The company announced it was firing up to 5,000 people in January while hiring some new workers; the company has shed about 1,000 jobs since then, spokesman Lou Gellos said.

Ballmer estimated that higher taxes under the proposal would reduce profits for companies that comprise the Dow Jones Industrial Average by between 10 and 15 percentage points.

“It’s just a question of how much will the Dow come down,” Ballmer said. “It’s not about companies anyway; we’re talking about shareholders.”

In addition to limiting current deductions for companies that defer U.S. tax on their foreign profits, Obama proposed altering a set of rules known as “check the box” that allow companies to shelter foreign profits in offshore subsidiaries that can be disregarded for U.S. tax purposes.

Duck Liabilities

While the rules were designed in 1997 to protect U.S. companies from paying excessive tax to other governments, Obama administration officials say it has evolved into a way to duck U.S. liabilities. Altering the rule, which Obama dubbed a “loophole,” would generate $86.5 billion in new revenue by 2019, the administration says.

The third international tax proposal would change rules governing how companies can claim tax credits for levies paid to foreign governments. Officials say some companies abuse the rule to accelerate tax credits before they could otherwise be claimed.

Obama has said his proposals would protect or create jobs in the United States.

Thompson of Symantec, the Cupertino, California-based maker of Norton anti-virus software and similar tools, said software companies are frustrated by being called tax cheats and compared with companies that moved their headquarters to low-tax countries such as Bermuda.

‘Counterintuitive’

Thompson called the Obama proposals “counterintuitive” to the administration’s other stated goals of fostering an innovation-oriented economy.

“It is a little bit ironic that most of our most significant trading partners and partners globally have taken the tack that they’ll reduce corporate tax rates to stimulate economic growth and not raise corporate tax rates,” Thompson said.

The roundtable was organized for Bloomberg News by the Business Software Alliance, a Washington trade group coordinating the executives’ meetings with policymakers.

To contact the reporter on this story: Ryan J. Donmoyer at e-mail rdonmoyer@bloomberg.net
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Old 06-05-2009, 07:27 AM   #599
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Default Re: The Official Bash/Question/Make fun of Democrats/Government/Obama Thread

Concerning corporate taxes: The US has an unfairly high corporate tax rate, but the government bitches and moans when US corporations try to find relief through loopholes?

Really?

How about this? Adopt McCain's plan to lower rates across the board while at the same time CLOSING THE LOOPHOLES! If we had a simpler and more fair corporate tax plan, the problem with outsourcing would take care of itself.

The LAST thing we need is to raise taxes more.
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Old 06-05-2009, 08:26 AM   #600
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Default Re: The Official Bash/Question/Make fun of Democrats/Government/Obama Thread

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Concerning corporate taxes: The US has an unfairly high corporate tax rate, but the government bitches and moans when US corporations try to find relief through loopholes?

Really?

How about this? Adopt McCain's plan to lower rates across the board while at the same time CLOSING THE LOOPHOLES! If we had a simpler and more fair corporate tax plan, the problem with outsourcing would take care of itself.

The LAST thing we need is to raise taxes more.
But how would we pay off our huge debt??? I have to agree with ya. Lower taxes would benefit so many people.
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