<< <i>The oil companies EARN about 15 cents per gallon at the pump for producing the product; the Federal and state governments TAKE 80 cents per gallon. >>
This statement is misleading in the context of total oil company profits. The oil companies earn profits from several segments of the petroleum products market. They earn profits as producers and marketers of crude oil, profits as refiners of gasoline, deisel and other petorleum products, and profits as retailers or distributors of gasoline and other petroleum products.
1. The platinum ETN is intended to mimic the price action of platinum. It is not designed as a substitute to the metal. Many people couldnt care less about the metal but would love to trade the volatility or participate in its movement without the hassle and inefficiency associated with holding the physical.
2. The repeal of G-S did not cause our problems. It is/was caused by the greed and want of the American citizen. If we did not have an insatiable desire to live beyond our means, then many countries around the world would still be lighting their homes with cow dung. We would not have a current account deficit, nor the need for debt. Just be thankful you live in a country with a growing population. For without domestic demand(needs) we would really be in a world of hurt, just as Japan is experiencing and Europe soon will. China will also have a demographic problem as they limited the number of children for many years. Their growth will be limited and could become a major problem in a few decades.
3. I havent looked into Chevron, but in the last quarter Exxon made $9.2 billion dollars. They paid $8.6 billion in taxes. In other words, a 46% tax rate. I doubt anyone on this thread pays an effective 46% rate.
4. We have actually been exporting refined product, not importing. However in a few years when a massive refinery in finished in India, we may import refined products.
Assuming the father made 40,000 a year which is reasonable for someone without a college degree in my mind.
$40K was a huge salary in the 1950's, even the 1960's. My dad had a degree in business and had a smaller corporate executive sales job that paid him $25K in the later 1960's. That was a very comfortable upper middle class living.
I've already said I'd take the 1960's in previous posts. I'd probably be ok with the 1950's as well. If one is used to living fairly simply, I don't see a huge difference. If you are tied down to your cell phone, your McMansion, 2 SUV's, wife and husband working, frequent vacations, a summer cottage, prozac, plasma TV's, 500+ TV stations, video games, credit cards (ie max credit), 55-66 hour work weeks,.......then yeah, I'd guess the 1950's wouldn't work for you.
At least coins were cheap back then. Just see what John Pittman bought back then.
2. The repeal of G-S did not cause our problems
I refuse to read any further because I do not agree with this premise.
3. I haven't looked into Chevron, but in the last quarter Exxon made $9.2 billion dollars. They paid $8.6 billion in taxes. In other words, a 46% tax rate. I doubt anyone on this thread pays an effective 46% rate.
Don't be so sure. If you factor in the SS and medicare taxes, self-employment taxes, AMT, etc, you just might find someone who is well into the 40% rate. Still, paying 30-40% in taxes to your state and the IRS is no gimme either. If factor in all the other taxes out there from sales taxes, gas taxes, conveyance taxes, etc,.... you just might find an upper middle class J6Packer at the 40%+ level. Chevron is a corporation of thousands, comparing their taxes to an individual is like apples to oranges.
<< <i>1. The platinum ETN is intended to mimic the price action of platinum. It is not designed as a substitute to the metal. Many people couldnt care less about the metal but would love to trade the volatility or participate in its movement without the hassle and inefficiency associated with holding the physical.
2. The repeal of G-S did not cause our problems. It is/was caused by the greed and want of the American citizen. If we did not have an insatiable desire to live beyond our means, then many countries around the world would still be lighting their homes with cow dung. We would not have a current account deficit, nor the need for debt. Just be thankful you live in a country with a growing population. For without domestic demand(needs) we would really be in a world of hurt, just as Japan is experiencing and Europe soon will. China will also have a demographic problem as they limited the number of children for many years. Their growth will be limited and could become a major problem in a few decades.
3. I havent looked into Chevron, but in the last quarter Exxon made $9.2 billion dollars. They paid $8.6 billion in taxes. In other words, a 46% tax rate. I doubt anyone on this thread pays an effective 46% rate.
4. We have actually been exporting refined product, not importing. However in a few years when a massive refinery in finished in India, we may import refined products. >>
I doubt anyone on this thread made 9.2 billion dollars either.
A lot of people pay 40% or more in taxes. If you make $100,000 a year as a single filer you'll pay about 20% of that alone in federal income taxes. Add to that Social Security and Medicare of 7.65% and another 5% for state income taxes. That gets you to 32.65%. Then add to that the sales tax you pay on purchases - let's say another 7%. (The rate on gasoline, alcohol, cigarettes, restaurant meals, air travel, and hotel rooms is usually way higher than 7%, whereas regular sales tax on food can be quite low, so I am just averaging here). That gets you to 39.65%. Don't forget property tax on your home. Even after the tax deduction, on a $300,000 house let's say that's still $4,000 out of pocket that you're never going to see again. $4,000 is 4% of your income. That gets you to 43.65%. Throw in the various user fees that you pay with the government every year (tolls on the highway, cost of getting a new passport, cost of entry to a national park, you name it), or if your city (like New York) makes you pay income taxes, and you're easily approaching 46%.
But if you listen to some politicians, you'd think we don't pay enough in taxes.
Edited to add: Some people say taxes are the price we pay for civilization. But we pay a lot more taxes than our ancestors did, and we seem to be getting a lot less civilization in return.
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
The dollar continues to slide after the recent rate cut. This chart represents in my opinion wave 4 down, and wave 5 to follow sometime next week. Taking the dollar down to new lows, before any recovery in a long term outlook.
Humblepie
I have found power in the mysteries of thought.
It is always a question of knowing and seeing, and not that of believing.
Our virtues, and our failings are inseparable, like force, and matter. When they separate, man is no more.
<< <i>A lot of people pay 40% or more in taxes. If you make $100,000 a year as a single filer you'll pay about 20% of that alone in federal income taxes. Add to that Social Security and Medicare of 7.65% and another 5% for state income taxes. That gets you to 32.65%. Then add to that the sales tax you pay on purchases - let's say another 7%. (The rate on gasoline, alcohol, cigarettes, restaurant meals, air travel, and hotel rooms is usually way higher than 7%, whereas regular sales tax on food can be quite low, so I am just averaging here). That gets you to 39.65%. Don't forget property tax on your home. Even after the tax deduction, on a $300,000 house let's say that's still $4,000 out of pocket that you're never going to see again. $4,000 is 4% of your income. That gets you to 43.65%. Throw in the various user fees that you pay with the government every year (tolls on the highway, cost of getting a new passport, cost of entry to a national park, you name it), or if your city (like New York) makes you pay income taxes, and you're easily approaching 46%.
But if you listen to some politicians, you'd think we don't pay enough in taxes.
Edited to add: Some people say taxes are the price we pay for civilization. But we pay a lot more taxes than our ancestors did, and we seem to be getting a lot less civilization in return. >>
This isnt my point. If I add the 8% sales tax in my state, RE taxes, school taxes, fees for dog license, drivers license, ect, we are all well into the 50+% range. I am talking about the tax paid to the Fed Govt vs income. If you are paying more than 50% then you better find yourself a new accountant.
<< <i>The dollar continues to slide after the recent rate cut. This chart represents in my opinion wave 4 down, and wave 5 to follow sometime next week. Taking the dollar down to new lows, before any recovery in a long term outlook. >>
This does not look like any dollar chart that I know of. What do the numbers on the right hand axis represent? Where did you find this chart?
This is a chart of the dollar as valued against a basket of currencies that is commonly used over the same time frame as your chart. The dollar has gained about 7c vs the Euro since Apr 22, although it may not have much rally left over the near term. Gold fell about $80 and silver about $2 from my "gravity" call on Apr 11. I hope you all benefitted. My short positions were closed on May 2 and I got long ABX under 38.
<< <i>No refinery is required to use their own oil. >>
Agreed :-)
<< <i>It comes down to a business decision. Some companies invest money and choose to build refinery capacity. Others, like mine, invest in oil production, and have no interest in refining. >>
Choose to build refinery capacity. . . Demand for processed petroleum products has increased from the 80’s. . . Refineries in the 80’s ran ~85% capacity allowing for maintenance, blend changes, etc.. Today many refineries are running at 98% capacity!
We are paying a PREMIUM at the pump because we do NOT have the refining capacity to meet demand!
No new refineries in thirty years! Why?
<< <i>
<< <i>The oil companies EARN about 15 cents per gallon at the pump for producing the product; the Federal and state governments TAKE 80 cents per gallon. >>
This statement is misleading in the context of total oil company profits. The oil companies earn profits from several segments of the petroleum products market. They earn profits as producers and marketers of crude oil, profits as refiners of gasoline, deisel and other petorleum products, and profits as retailers or distributors of gasoline and other petroleum products. >>
Fact remains people complain about excessive profits EARNED by oil companies while completely ignoring State and Federal tax TAKEN at the pump at a rate 400% greater then the evil profits EARNED by oil companies.
<< <i>3. I havent looked into Chevron, but in the last quarter Exxon made $9.2 billion dollars. They paid $8.6 billion in taxes. In other words, a 46% tax rate. I doubt anyone on this thread pays an effective 46% rate. >>
Please correct me if I’m wrong but I believe Federal and State taxes levied at the pump are in ADDITION to Corporate taxes paid by oil companies.
<< <i>4. We have actually been exporting refined product, not importing. . . >>
<< <i>I doubt anyone on this thread made 9.2 billion dollars either. >>
I doubt any one this thread equals a corporation employing tens of thousands of people, expenses of drilling, dry wells, equipment, pumping, refining, and distributing millions of barrels refined oil products (gas, diesel, and heating oil) throughout the U.S, :-)
Indeed. I view equities as trading vehicles only at this time. High energy prices (input costs) are going to hurt corporate profit margins if those costs cant be passed on the consumer. And given that the consumer is mostly strapped, any price increases will most likely be met with decreased demand. I see it very hard for corporations- in general- to grow earnings. This is not a time to marry equities, just date 'em. Its more fun.
BTW---Out of ABX on the gap open this morn. Hard not to take 8% in 5 days.
<< <i>No refinery is required to use their own oil. >>
Agreed :-)
<< <i>It comes down to a business decision. Some companies invest money and choose to build refinery capacity. Others, like mine, invest in oil production, and have no interest in refining. >>
Choose to build refinery capacity. . . Demand for processed petroleum products has increased from the 80’s. . . Refineries in the 80’s ran ~85% capacity allowing for maintenance, blend changes, etc.. Today many refineries are running at 98% capacity!
We are paying a PREMIUM at the pump because we do NOT have the refining capacity to meet demand!
No new refineries in thirty years! Why?
<< <i>
<< <i>The oil companies EARN about 15 cents per gallon at the pump for producing the product; the Federal and state governments TAKE 80 cents per gallon. >>
This statement is misleading in the context of total oil company profits. The oil companies earn profits from several segments of the petroleum products market. They earn profits as producers and marketers of crude oil, profits as refiners of gasoline, deisel and other petorleum products, and profits as retailers or distributors of gasoline and other petroleum products. >>
Fact remains people complain about excessive profits EARNED by oil companies while completely ignoring State and Federal tax TAKEN at the pump at a rate 400% greater then the evil profits EARNED by oil companies.
<< <i>3. I havent looked into Chevron, but in the last quarter Exxon made $9.2 billion dollars. They paid $8.6 billion in taxes. In other words, a 46% tax rate. I doubt anyone on this thread pays an effective 46% rate. >>
Please correct me if I’m wrong but I believe Federal and State taxes levied at the pump are in ADDITION to Corporate taxes paid by oil companies.
<< <i>4. We have actually been exporting refined product, not importing. . . >>
<< <i>I doubt anyone on this thread made 9.2 billion dollars either. >>
I doubt any one this thread equals a corporation employing tens of thousands of people, expenses of drilling, dry wells, equipment, pumping, refining, and distributing millions of barrels refined oil products (gas, diesel, and heating oil) throughout the U.S, :-) >>
Well it must be true if the government said it. They also say inflation isn't a problem. You believe whatever the govt shovels out the door so no wonder you're confused.
<< <i>in the last quarter Exxon made $9.2 billion dollars. They paid $8.6 billion in taxes. In other words, a 46% tax rate.
I'm no accountant, but how is that 46%? >>
Just lookking at it I say it's fairly close without crunching the numbers. Let's see 9.2 B + 8.6 B is what they would have made before taxes. The 8.6 B is close to the 9.2 B profits so it's correct. Sell, Sell, Sell....LOL we've been hearing that for the last 6 years. What's changed for the better my friend? It seems to me were on the brink as compared to the last 6 years and look what PM's have done in that run. Instead of posting what you hope will happen how about some data (links) supporting your view?
“Please correct me if I’m wrong but I believe Federal and State taxes levied at the pump are in ADDITION to Corporate taxes paid by oil companies.”
Correct!
Business News Round Up. SATURDAY, FEBRUARY 02, 2008
"Over the last three years, Exxon Mobil has paid an average of $27 billion annually in taxes. That's $27,000,000,000 per year, a number so large it's hard to comprehend.
In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual American taxpayers."
BUT, I think we should all vote for Hillary, and make those greedy EM shareholders and employees give us that gas for free.
Oh, I forgot to add the new American mantra,
From each according to their ability to pay to each according to their want to receive!
From each according to their ability to pay to each according to their want to receive!
From each according to their ability to pay to each according to their want to receive!
<< <i>“Please correct me if I’m wrong but I believe Federal and State taxes levied at the pump are in ADDITION to Corporate taxes paid by oil companies.”
Correct!
Business News Round Up. SATURDAY, FEBRUARY 02, 2008
"Over the last three years, Exxon Mobil has paid an average of $27 billion annually in taxes. That's $27,000,000,000 per year, a number so large it's hard to comprehend.
In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual American taxpayers."
BUT, I think we should all vote for Hillary, and make those greedy EM shareholders and employees give us that gas for free. >>
Thank you for the confirmation on the double taxation. I find it amazing how people can be so uninformed as to complain about oil company profits while completely ignoring an amount four times greater TAKEN in the form of tax.
Vote for Hillary or Barak and we will wake up one morning with $10/gallon gas. There is a reason we pay ~$4/gallon while Socialist countries pay ~$10/gallon – imagine what that would do for inflation and the economy.
<< <i>The dollar continues to slide after the recent rate cut. This chart represents in my opinion wave 4 down, and wave 5 to follow sometime next week. Taking the dollar down to new lows, before any recovery in a long term outlook. >>
Its the dollar Vs YEN
short term you may get a correction, as wave 5 appears to be complete.
I love to read the whining and gnashing about paying taxes followed up by a deep patriotic desire to stay in Iraq for one hundred more years no matter the cost. Our foreign policy priority is to get the small religious tribes who live near oil to love one another! I love to read here about the concern over no new refineries being built in America because of those tree huggers but the moment one is proposed in your community all hell breaks loose. They are filthy monsters. The oil industry association once had on their website a chart showing component costs and that complying with environmental rules and regulation cost nearly one cent per barrel! The answer isn't more oil anyway, it is to find an alternative to our dependence on the shieks!
I love to hear about the liberal media being in control and most influential and then learn corporate Wall Street owns the media. The conservative outlets like Fox News and talk radio reach far more listeners than the liberals do but somehow this math is overlooked. I guess the liberals make easy bogeymen. Independent analysts say FDR was the last real liberal in charge of anything. But you who scream about the country being socialist won't dare give up the "socialist" benefits of SS, medicare, and veterans benefits!
Back to economic predictions, I suggest you get a copy of the book or CD- "War on the Middle Class" by Lou Dobbs. He can point fingers in all directions for blame as it should be. The most worrisome part is our policy fostering the export of factory jobs overseas to Asia. We can't compete with child labor, low wages, no benefits, little oversight and regulation about safety or pollution. There is no fair trade when it is done like this.
<< <i>I love to read the whining and gnashing about paying taxes followed up by a deep patriotic desire to stay in Iraq for one hundred more years no matter the cost. Our foreign policy priority is to get the small religious tribes who live near oil to love one another! I love to read here about the concern over no new refineries being built in America because of those tree huggers but the moment one is proposed in your community all hell breaks loose. They are filthy monsters. The oil industry association once had on their website a chart showing component costs and that complying with environmental rules and regulation cost nearly one cent per barrel! The answer isn't more oil anyway, it is to find an alternative to our dependence on the shieks!
I love to hear about the liberal media being in control and most influential and then learn corporate Wall Street owns the media. The conservative outlets like Fox News and talk radio reach far more listeners than the liberals do but somehow this math is overlooked. I guess the liberals make easy bogeymen. Independent analysts say FDR was the last real liberal in charge of anything. But you who scream about the country being socialist won't dare give up the "socialist" benefits of SS, medicare, and veterans benefits!
Back to economic predictions, I suggest you get a copy of the book or CD- "War on the Middle Class" by Lou Dobbs. He can point fingers in all directions for blame as it should be. The most worrisome part is our policy fostering the export of factory jobs overseas to Asia. We can't compete with child labor, low wages, no benefits, little oversight and regulation about safety or pollution. There is no fair trade when it is done like this. >>
<< <i>I love to read the whining and gnashing about paying taxes followed up by a deep patriotic desire to stay in Iraq for one hundred more years no matter the cost. Our foreign policy priority is to get the small religious tribes who live near oil to love one another! I love to read here about the concern over no new refineries being built in America because of those tree huggers but the moment one is proposed in your community all hell breaks loose. They are filthy monsters. The oil industry association once had on their website a chart showing component costs and that complying with environmental rules and regulation cost nearly one cent per barrel! The answer isn't more oil anyway, it is to find an alternative to our dependence on the shieks!
I love to hear about the liberal media being in control and most influential and then learn corporate Wall Street owns the media. The conservative outlets like Fox News and talk radio reach far more listeners than the liberals do but somehow this math is overlooked. I guess the liberals make easy bogeymen. Independent analysts say FDR was the last real liberal in charge of anything. But you who scream about the country being socialist won't dare give up the "socialist" benefits of SS, medicare, and veterans benefits!
Back to economic predictions, I suggest you get a copy of the book or CD- "War on the Middle Class" by Lou Dobbs. He can point fingers in all directions for blame as it should be. The most worrisome part is our policy fostering the export of factory jobs overseas to Asia. We can't compete with child labor, low wages, no benefits, little oversight and regulation about safety or pollution. There is no fair trade when it is done like this. >>
I'm sure SL and Goldsaint would gladly volunteer to have a refinery in their backyard since they're so patriotic! Yes refineries is a perfect example of NIMBY. We need more refineries-BUT NOT HERE! Exxon Mobil had the highest quarterly profit of any company in history. Yes Exxon has been so mistreated that they have the highest profit of any company in history. If SL and Goldsaint feels bad for them, they can send their money to the poor company that has been so mistreated by our mean government. But since people want to talk politics let's talk about the thousands of dead Americans for Bush's' war based on lies!!! That's what pisses me off!
“If SL and Goldsaint feels bad for them, they can send their money to the poor company that has been so mistreated by our mean government.”
Well Joe, I cannot speak for SL but I am sending about $400 per month to the oil companies just keeping all my vehicles going. I am in the Real-estate business, at least for a few more years.
In addition I must feel sorry for the poor kids in my area as I send thousands of dollars to the school districts each year.
And I guess I feel sorry for the welfare folks in the big cites as I send money to pay their bills each year.
And I also send money for all of the following via the tens of thousands in taxes I pay each year;
Accounts Receivable Tax Building Permit Tax Capital Gains Tax Cigarette Tax, wife smokes Corporate Income Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Fuel permit tax for Backhoe Gasoline Tax Hunting License Tax Liquor Tax Luxury Taxes Medicare Tax Personal Property Tax State and county Real Estate Taxes Septic Permit Tax Service Charge Taxes Social Security Tax Road Usage Taxes for Trucks Sales Taxes Recreational Vehicle Tax Road Toll Booth Taxes State Income Tax State Unemployment Tax Telephone federal excise tax Telephone federal universal service fee tax Telephone federal, state and local surcharge taxes Telephone state and local tax Toll Bridge Taxes Toll Road Taxes Traffic Fines (indirect taxation) RV Trailer Registration Tax Utility Taxes Vehicle License Registration Tax Vehicle Sales Tax Watercraft Registration Tax Well Permit Tax Workers Compensation Tax
Here is the thing Joe, I am in my 60’S and before long I am not going to be paying many of theses taxes, and instead I want you to send me about $3,000 per month in Social Security, and several hundred per month to pay for my medical, and I may need other things also. I hope you are a young man and are up to the job of supporting me, and my wife, cause the frigging government has already spent the hundreds of thousands I have sent them through the years.
More derivatives damage this week with AIG reporting a $7.8 BILL loss while UBS reported something over $10 BILL recently. Citigroup has just figured out that they have $400 BILLION in non-core assets that they need to pare down (ie worthless illiquid derivatives crap).
<< <i>. . . Oh, I forgot to add the new American mantra,
From each according to their ability to pay to each according to their want to receive!
From each according to their ability to pay to each according to their want to receive!
From each according to their ability to pay to each according to their want to receive! >>
You mean we can't TAX are way to prosperity >>
No, you have to have off the charts spending as well and an ignorant population who will not only agree with that but beg and whine for even more of it.
<< <i>I love to read the whining and gnashing about paying taxes followed up by a deep patriotic desire to stay in Iraq for one hundred more years no matter the cost. Our foreign policy priority is to get the small religious tribes who live near oil to love one another! I love to read here about the concern over no new refineries being built in America because of those tree huggers but the moment one is proposed in your community all hell breaks loose. They are filthy monsters. The oil industry association once had on their website a chart showing component costs and that complying with environmental rules and regulation cost nearly one cent per barrel! The answer isn't more oil anyway, it is to find an alternative to our dependence on the shieks!
I love to hear about the liberal media being in control and most influential and then learn corporate Wall Street owns the media. The conservative outlets like Fox News and talk radio reach far more listeners than the liberals do but somehow this math is overlooked. I guess the liberals make easy bogeymen. Independent analysts say FDR was the last real liberal in charge of anything. But you who scream about the country being socialist won't dare give up the "socialist" benefits of SS, medicare, and veterans benefits!
Back to economic predictions, I suggest you get a copy of the book or CD- "War on the Middle Class" by Lou Dobbs. He can point fingers in all directions for blame as it should be. The most worrisome part is our policy fostering the export of factory jobs overseas to Asia. We can't compete with child labor, low wages, no benefits, little oversight and regulation about safety or pollution. There is no fair trade when it is done like this. >>
>>
Most of that is pretty true but you lost you're credibility bgy recommending lou dobbs book. dobbs talks out of both sides of his rear end and is every bit as much part of the problem as anderson cooper and his ( her? ) ilk
This product was shown on Channel 2 News out of Ft Myers, TWICE in the last couple of days as a product that really worked. The Channel 2 News staff bought one and had it installed on what looks to be a Dodge SUV. They measured the gas mileage before and a month after install. Before averaged 9.4 MPG. 30 days after the install they averaged more than 23 MPG !
<< <i>I'm sure SL and Goldsaint would gladly volunteer to have a refinery in their backyard since they're so patriotic! Yes refineries is a perfect example of NIMBY. We need more refineries-BUT NOT HERE! Exxon Mobil had the highest quarterly profit of any company in history. Yes Exxon has been so mistreated that they have the highest profit of any company in history. If SL and Goldsaint feels bad for them, they can send their money to the poor company that has been so mistreated by our mean government. But since people want to talk politics let's talk about the thousands of dead Americans for Bush's' war based on lies!!! That's what pisses me off! >>
Having a refinery in your backyard has nothing to do with being patriotic; kind of like trying to relate Corporate profits to personal wealth I hear you on the refineries-BUT NOT HERE
Exxon Mobil had the highest quarterly profit of any company in history. Exxon Mobil also paid more in taxes then 50% of the wage earners in this country! High energy costs hurt all of all of us in many ways including inflation. To answer your question I do not feel bad for oil companies the only point I was trying to make when this discussion started is people complain about massive profits earned by oil companies while completely ignoring an amount four times greater taken in the form of taxes.
But since people want to talk politics let's talk about the thousands of dead Americans for Bush's' war based on lies!!! That's what pisses me off!
War is ugly and costs all of us dearly in the loss of life not too mention the economics. I believe the Iraq was a big mistake but to walk away now could have major repercussions down the road. Much of the bogus intelligence that led to this was came from Clinton administration left over’s in the Pentagon and state department. You might also want to consider what members in Congress were saying leading up to the Iraq war. . .
"Without question, we need to disarm Saddam Hussein. He is a brutal, murderous dictator, leading an oppressive regime ... He presents a particularly grievous threat because he is so consistently prone to miscalculation ... And now he is miscalculating America's response to his continued deceit and his consistent grasp for weapons of mass destruction ... So the threat of Saddam Hussein with weapons of mass destruction is real..." - Sen. John F. Kerry (D, MA), Jan. 23. 2003 | Source
"I will be voting to give the President of the United States the authority to use force -- if necessary -- to disarm Saddam Hussein because I believe that a deadly arsenal of weapons of mass destruction in his hands is a real and grave threat to our security." - Sen. John F. Kerry (D, MA), Oct. 9, 2002 | Source
"One way or the other, we are determined to deny Iraq the capacity to develop weapons of mass destruction and the missiles to deliver them. That is our bottom line." - President Clinton, Feb. 4, 1998 | Source
"If Saddam rejects peace and we have to use force, our purpose is clear. We want to seriously diminish the threat posed by Iraq's weapons of mass destruction program." - President Bill Clinton, Feb. 17, 1998 | Source
"We must stop Saddam from ever again jeopardizing the stability and security of his neighbors with weapons of mass destruction." - Madeline Albright, Feb 1, 1998 | Source
"He will use those weapons of mass destruction again, as he has ten times since 1983." - Sandy Berger, Clinton National Security Adviser, Feb, 18, 1998 | Source
"We urge you, after consulting with Congress, and consistent with the U.S. Constitution and laws, to take necessary actions (including, if appropriate, air and missile strikes on suspect Iraqi sites) to respond effectively to the threat posed by Iraq's refusal to end its weapons of mass destruction programs." Letter to President Clinton. - (D) Senators Carl Levin, Tom Daschle, John Kerry, others, Oct. 9, 1998 | Source
"Saddam Hussein has been engaged in the development of weapons of mass destruction technology which is a threat to countries in the region and he has made a mockery of the weapons inspection process." - Rep. Nancy Pelosi (D, CA), Dec. 16, 1998 | Source
"Hussein has ... chosen to spend his money on building weapons of mass destruction and palaces for his cronies." - Madeline Albright, Clinton Secretary of State, Nov. 10, 1999 | Source
"We begin with the common belief that Saddam Hussein is a tyrant and a threat to the peace and stability of the region. He has ignored the mandate of the United Nations and is building weapons of mass destruction and the means of delivering them." - Sen. Carl Levin (D, MI), Sept. 19, 2002 | Source
"We know that he has stored secret supplies of biological and chemical weapons throughout his country." - Al Gore, Sept. 23, 2002 | Source
"Iraq's search for weapons of mass destruction has proven impossible to deter and we should assume that it will continue for as long as Saddam is in power." - Al Gore, Sept. 23, 2002 | Source
"We have known for many years that Saddam Hussein is seeking and developing weapons of mass destruction." - Sen. Ted Kennedy (D, MA), Sept. 27, 2002 | Source
"The last UN weapons inspectors left Iraq in October of 1998. We are confident that Saddam Hussein retains some stockpiles of chemical and biological weapons, and that he has since embarked on a crash course to build up his chemical and biological warfare capabilities. Intelligence reports indicate that he is seeking nuclear weapons..." - Sen. Robert Byrd (D, WV), Oct. 3, 2002 | Source
"There is unmistakable evidence that Saddam Hussein is working aggressively to develop nuclear weapons and will likely have nuclear weapons within the next five years ... We also should remember we have always underestimated the progress Saddam has made in development of weapons of mass destruction." - Sen. Jay Rockefeller (D, WV), Oct 10, 2002 | Source
"In the four years since the inspectors left, intelligence reports show that Saddam Hussein has worked to rebuild his chemical and biological weapons stock, his missile delivery capability, and his nuclear program. He has also given aid, comfort, and sanctuary to terrorists, including al Qaeda members ... It is clear, however, that if left unchecked, Saddam Hussein will continue to increase his capacity to wage biological and chemical warfare, and will keep trying to develop nuclear weapons." - Sen. Hillary Clinton (D, NY), Oct 10, 2002 | Source
"We are in possession of what I think to be compelling evidence that Saddam Hussein has, and has had for a number of years, a developing capacity for the production and storage of weapons of mass destruction." - Sen. Bob Graham (D, FL), Dec. 8, 2002 | Source
I'm at work and don't have time now to make the "Source" links above active but if you PM me with an email address I will send you an email with the active source links - many are from the Internet archive.
Unfortunately, we have lost faith and confidence in the system of government with which we have been blessed. Today too many Americans support, at least in the early stages, the use of force to spread our message of hope and freedom. They too often are confused by the rhetoric that our armies are needed to spread American goodness. Using force injudiciously, instead of spreading the worthy message of American freedom through peaceful means, antagonizes our enemies, alienates our allies, and threatens personal liberties here at home while burdening our economy.
Things similar to that HYDRO-4000 have been coming and going in from the automobile fringe industry for decades. All have been nothing more than scams. This Hydro-4000 doesn't jump out at me as being any different. Maybe we'll see it soon on a Gunthy-Renker infomercial. Reminds me of the "revolution" that was caused by those super-lube engine products about 10 years ago where guys like Al Unser Sr. were seen on TV draining their Corvette crank cases and driving for miles oil free.....uh huh.
Similar to the Romans at the peak of their empire we've been giving our citizens circus, war and bread. Today that would be called sports, gambling, war, and food. Only now we're starting to have some trouble with the "bread" part. The "circus" and "war" parts still haven't peaked yet.
another good read, although i will argue with his statement in ( ) that more people own homes than stock...(has nothing really to do with her analysis though).
1. If you do not have the money, do not buy it, provide it or promise it to the people.
2. Do not go into debt , for day to day expenses.
3. Be cautious of foreign entanglements.
4. It should be a National Priority, to have citizens actually save a portion, of all that they earn.
5. If this Nation is ever to go to war in the future, It should be supported by the majority of the people as well as financially paid for by the people. We must never commit our troops without careful consideration. When we must commit to war, we should do so with all the troops and equipment necessary to win.
6. There must be the realization by all, that nothing is for free. Everything given or promised must eventually be paid for.
7. A strong and stable currency, is a part and parcel of a strong and dynamic Nation.
These things should be believed and defended ,by every Republican, Democrat and Independent in the Nation.
1. If you do not have the money, do not buy it, provide it or promise it to the people.
2. Do not go into debt , for day to day expenses.
3. Be cautious of foreign entanglements.
4. It should be a National Priority, to have citizens actually save a portion, of all that they earn.
5. If this Nation is ever to go to war in the future, It should be supported by the majority of the people as well as financially paid for by the people. We must never commit our troops without careful consideration. When we must commit to war, we should do so with all the troops and equipment necessary to win.
6. There must be the realization by all, that nothing is for free. Everything given or promised must eventually be paid for.
7. A strong and stable currency, is a part and parcel of a strong and dynamic Nation.
These things should be believed and defended ,by every Republican, Democrat and Independent in the Nation. >>
How about just following the Constitution for starters?
And since socialism ( in all it's forms ) are rejected by the Constitution, can we then declare politicians who support socialism in any form a traitor . While we're at it, consider ANYONE who supports those positions the same?
Or do we consider a brand of socialism that one person likes which may resonate with our own interests at that moment in time, OK?
President Supremes Various religions Popular majority Divine Providence Toss of the coin Lobbyists Military Industrial Complex
There are just so many interpretations to choose from.
>>
Then scrap the whole dang thing and start all over again. Revolution!
Only problem Mr Bear, is this time the socialists have the numbers while the lovers of liberty are way out numbered.
So I would stick with the Constitution and declare those who "interpret" anything in that document as allowing them to subvert freedom in anyway a traitor who should be hung.
These things should be believed and defended, by every Republican, Democrat and Independent in the Nation.
It sounds good, but an uphill fight considering >50% of all citizens and illegals pay no federal income taxes. Those that don't have will continue to vote for the politicians who promise them even more at no cost to them. And those in power continue to pander to them to maintain their seats.
I do not believe that socialism per see was outlawed by the Constitution. In fact, the idea of Socialism did not exist when the Constitution was drafted from the Greek City States, Socrates Republic and other assorted pieces of logic, brilliance and insightful perceptions.
The Constitution was never intended to directly deal with telecommunication, air travel, global warming ect. It must be dealt with thru reasonable extension of the written language, to deal with what had been unimagined in the original Constitution's language.
The Constitution has been called a living document. This is because it contains the provisions for amendments as well as interpretation by the Supreme Court. Further, the Constitution bypassed certain hot potatoes such as slavery , labor rights of working men and women as well as the rights of women to vote.
I believe that absolving a large percentage of citizens from any obligations to pay taxes is distressful to the conceipt of responsible citizenship and representative government. It is truly pandering of the worst kind.
Comments
<< <i>The oil companies EARN about 15 cents per gallon at the pump for producing the product; the Federal and state governments TAKE 80 cents per gallon. >>
This statement is misleading in the context of total oil company profits. The oil companies earn profits from several segments of the petroleum products market. They earn profits as producers and marketers of crude oil, profits as refiners of gasoline, deisel and other petorleum products, and profits as retailers or distributors of gasoline and other petroleum products.
CG
2. The repeal of G-S did not cause our problems. It is/was caused by the greed and want of the American citizen. If we did not have an insatiable desire to live beyond our means, then many countries around the world would still be lighting their homes with cow dung. We would not have a current account deficit, nor the need for debt. Just be thankful you live in a country with a growing population. For without domestic demand(needs) we would really be in a world of hurt, just as Japan is experiencing and Europe soon will. China will also have a demographic problem as they limited the number of children for many years. Their growth will be limited and could become a major problem in a few decades.
3. I havent looked into Chevron, but in the last quarter Exxon made $9.2 billion dollars. They paid $8.6 billion in taxes. In other words, a 46% tax rate. I doubt anyone on this thread pays an effective 46% rate.
4. We have actually been exporting refined product, not importing. However in a few years when a massive refinery in finished in India, we may import refined products.
Knowledge is the enemy of fear
someone without a college degree in my mind.
$40K was a huge salary in the 1950's, even the 1960's. My dad had a degree in business and had a smaller corporate executive sales job that paid him $25K in the later 1960's. That was a very comfortable upper middle class living.
I've already said I'd take the 1960's in previous posts. I'd probably be ok with the 1950's as well. If one is used to living fairly simply, I don't see a huge difference. If you are tied down to your cell phone, your McMansion, 2 SUV's, wife and husband working, frequent vacations, a summer cottage, prozac, plasma TV's, 500+ TV stations, video games, credit cards (ie max credit), 55-66 hour work weeks,.......then yeah, I'd guess the 1950's wouldn't work for you.
At least coins were cheap back then. Just see what John Pittman bought back then.
2. The repeal of G-S did not cause our problems
I refuse to read any further because I do not agree with this premise.
3. I haven't looked into Chevron, but in the last quarter Exxon made $9.2 billion dollars. They paid $8.6 billion in taxes. In other words, a 46% tax rate. I doubt anyone on this thread pays an effective 46% rate.
Don't be so sure. If you factor in the SS and medicare taxes, self-employment taxes, AMT, etc, you just might find someone who is well into the 40% rate. Still, paying 30-40% in taxes to your state and the IRS is no gimme either. If factor in all the other taxes out there from sales taxes, gas taxes, conveyance taxes, etc,.... you just might find an upper middle class J6Packer at the 40%+ level.
Chevron is a corporation of thousands, comparing their taxes to an individual is like apples to oranges.
roadrunner
<< <i>1. The platinum ETN is intended to mimic the price action of platinum. It is not designed as a substitute to the metal. Many people couldnt care less about the metal but would love to trade the volatility or participate in its movement without the hassle and inefficiency associated with holding the physical.
2. The repeal of G-S did not cause our problems. It is/was caused by the greed and want of the American citizen. If we did not have an insatiable desire to live beyond our means, then many countries around the world would still be lighting their homes with cow dung. We would not have a current account deficit, nor the need for debt. Just be thankful you live in a country with a growing population. For without domestic demand(needs) we would really be in a world of hurt, just as Japan is experiencing and Europe soon will. China will also have a demographic problem as they limited the number of children for many years. Their growth will be limited and could become a major problem in a few decades.
3. I havent looked into Chevron, but in the last quarter Exxon made $9.2 billion dollars. They paid $8.6 billion in taxes. In other words, a 46% tax rate. I doubt anyone on this thread pays an effective 46% rate.
4. We have actually been exporting refined product, not importing. However in a few years when a massive refinery in finished in India, we may import refined products. >>
I doubt anyone on this thread made 9.2 billion dollars either.
But if you listen to some politicians, you'd think we don't pay enough in taxes.
Edited to add: Some people say taxes are the price we pay for civilization. But we pay a lot more taxes than our ancestors did, and we seem to be getting a lot less civilization in return.
This chart represents in my opinion wave 4 down, and wave 5 to follow sometime next week.
Taking the dollar down to new lows, before any recovery in a long term outlook.
I have found power in the mysteries of thought.
It is always a question of knowing and seeing, and not that of believing.
Our virtues, and our failings are inseparable, like force, and matter. When they separate, man is no more.
.
and it is a crying shame. We have to accept this humiliation
in order to manage our massive imbalance of payments
and massive debt. A time must come,when the slate,
world wide, is wiped clean. The pain will be unimaginable,
long term and most severe.
Camelot
<< <i>So, der dollar is gerfloppen. gerploppen and gerfallen
and it is a crying shame. We have to accept this humiliation
in order to manage our massive imbalance of payments
and massive debt. A time must come,when the slate,
world wide, is wiped clean. The pain will be unimaginable,
long term and most severe. >>
You forgot to include massive spending...
I have found power in the mysteries of thought.
It is always a question of knowing and seeing, and not that of believing.
Our virtues, and our failings are inseparable, like force, and matter. When they separate, man is no more.
.
<< <i>A lot of people pay 40% or more in taxes. If you make $100,000 a year as a single filer you'll pay about 20% of that alone in federal income taxes. Add to that Social Security and Medicare of 7.65% and another 5% for state income taxes. That gets you to 32.65%. Then add to that the sales tax you pay on purchases - let's say another 7%. (The rate on gasoline, alcohol, cigarettes, restaurant meals, air travel, and hotel rooms is usually way higher than 7%, whereas regular sales tax on food can be quite low, so I am just averaging here). That gets you to 39.65%. Don't forget property tax on your home. Even after the tax deduction, on a $300,000 house let's say that's still $4,000 out of pocket that you're never going to see again. $4,000 is 4% of your income. That gets you to 43.65%. Throw in the various user fees that you pay with the government every year (tolls on the highway, cost of getting a new passport, cost of entry to a national park, you name it), or if your city (like New York) makes you pay income taxes, and you're easily approaching 46%.
But if you listen to some politicians, you'd think we don't pay enough in taxes.
Edited to add: Some people say taxes are the price we pay for civilization. But we pay a lot more taxes than our ancestors did, and we seem to be getting a lot less civilization in return. >>
This isnt my point. If I add the 8% sales tax in my state, RE taxes, school taxes, fees for dog license, drivers license, ect, we are all well into the 50+% range. I am talking about the tax paid to the Fed Govt vs income. If you are paying more than 50% then you better find yourself a new accountant.
Knowledge is the enemy of fear
<< <i>The dollar continues to slide after the recent rate cut.
This chart represents in my opinion wave 4 down, and wave 5 to follow sometime next week.
Taking the dollar down to new lows, before any recovery in a long term outlook.
This does not look like any dollar chart that I know of. What do the numbers on the right hand axis represent? Where did you find this chart?
This is a chart of the dollar as valued against a basket of currencies that is commonly used over the same time frame as your chart. The dollar has gained about 7c vs the Euro since Apr 22, although it may not have much rally left over the near term. Gold fell about $80 and silver about $2 from my "gravity" call on Apr 11. I hope you all benefitted. My short positions were closed on May 2 and I got long ABX under 38.
Knowledge is the enemy of fear
<< <i>No refinery is required to use their own oil. >>
Agreed :-)
<< <i>It comes down to a business decision. Some companies invest money and choose to build refinery capacity. Others, like mine, invest in oil production, and have no interest in refining. >>
Choose to build refinery capacity. . . Demand for processed petroleum products has increased from the 80’s. . . Refineries in the 80’s ran ~85% capacity allowing for maintenance, blend changes, etc.. Today many refineries are running at 98% capacity!
We are paying a PREMIUM at the pump because we do NOT have the refining capacity to meet demand!
No new refineries in thirty years! Why?
<< <i>
<< <i>The oil companies EARN about 15 cents per gallon at the pump for producing the product; the Federal and state governments TAKE 80 cents per gallon. >>
This statement is misleading in the context of total oil company profits. The oil companies earn profits from several segments of the petroleum products market. They earn profits as producers and marketers of crude oil, profits as refiners of gasoline, deisel and other petorleum products, and profits as retailers or distributors of gasoline and other petroleum products. >>
Fact remains people complain about excessive profits EARNED by oil companies while completely ignoring State and Federal tax TAKEN at the pump at a rate 400% greater then the evil profits EARNED by oil companies.
<< <i>3. I havent looked into Chevron, but in the last quarter Exxon made $9.2 billion dollars. They paid $8.6 billion in taxes. In other words, a 46% tax rate. I doubt anyone on this thread pays an effective 46% rate. >>
Please correct me if I’m wrong but I believe Federal and State taxes levied at the pump are in ADDITION to Corporate taxes paid by oil companies.
<< <i>4. We have actually been exporting refined product, not importing. . . >>
Federal government statistics say otherwise. . .
Energy Information Administration [Official Energy Statistics from the U.S. Government] http://www.eia.doe.gov/neic/infosheets/petroleumproducts.html
<< <i>I doubt anyone on this thread made 9.2 billion dollars either. >>
I doubt any one this thread equals a corporation employing tens of thousands of people, expenses of drilling, dry wells, equipment, pumping, refining, and distributing millions of barrels refined oil products (gas, diesel, and heating oil) throughout the U.S, :-)
UBS to launch platinum exchange-traded notes
Is this the same UBS that's the Swiss financial giant? If so a fool and their money may get what they deserve.......
UBS doubles sub-prime writedowns
UBS shocks investors with risky debt exposures
UBS admits that it still cannot quantify its exposure to sub-prime crisis
<< <i>The Bernanke Monetary Policy Conundrum Heading for a Crash >>
Indeed. I view equities as trading vehicles only at this time. High energy prices (input costs) are going to hurt corporate profit margins if those costs cant be passed on the consumer. And given that the consumer is mostly strapped, any price increases will most likely be met with decreased demand. I see it very hard for corporations- in general- to grow earnings. This is not a time to marry equities, just date 'em. Its more fun.
BTW---Out of ABX on the gap open this morn. Hard not to take 8% in 5 days.
Knowledge is the enemy of fear
Cramer advises to Buy Gold
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Jim Cramer on Gold:
Cramer advises to Buy Gold >>
i am not sure why he is worth even posting to these boards, as in his opinion.
entertaining yes (from what i hear), gives good advice, probably not.
even a broken clock is right twice a day and where was he 5 years ago when
discussing gold? oh yea... babbling about other "hot" investments on tv.
too bad it is a video.. no speakers here at work.
I'm no accountant, but how is that 46%?
<< <i>
<< <i>No refinery is required to use their own oil. >>
Agreed :-)
<< <i>It comes down to a business decision. Some companies invest money and choose to build refinery capacity. Others, like mine, invest in oil production, and have no interest in refining. >>
Choose to build refinery capacity. . . Demand for processed petroleum products has increased from the 80’s. . . Refineries in the 80’s ran ~85% capacity allowing for maintenance, blend changes, etc.. Today many refineries are running at 98% capacity!
We are paying a PREMIUM at the pump because we do NOT have the refining capacity to meet demand!
No new refineries in thirty years! Why?
<< <i>
<< <i>The oil companies EARN about 15 cents per gallon at the pump for producing the product; the Federal and state governments TAKE 80 cents per gallon. >>
This statement is misleading in the context of total oil company profits. The oil companies earn profits from several segments of the petroleum products market. They earn profits as producers and marketers of crude oil, profits as refiners of gasoline, deisel and other petorleum products, and profits as retailers or distributors of gasoline and other petroleum products. >>
Fact remains people complain about excessive profits EARNED by oil companies while completely ignoring State and Federal tax TAKEN at the pump at a rate 400% greater then the evil profits EARNED by oil companies.
<< <i>3. I havent looked into Chevron, but in the last quarter Exxon made $9.2 billion dollars. They paid $8.6 billion in taxes. In other words, a 46% tax rate. I doubt anyone on this thread pays an effective 46% rate. >>
Please correct me if I’m wrong but I believe Federal and State taxes levied at the pump are in ADDITION to Corporate taxes paid by oil companies.
<< <i>4. We have actually been exporting refined product, not importing. . . >>
Federal government statistics say otherwise. . .
Energy Information Administration [Official Energy Statistics from the U.S. Government] http://www.eia.doe.gov/neic/infosheets/petroleumproducts.html
<< <i>I doubt anyone on this thread made 9.2 billion dollars either. >>
I doubt any one this thread equals a corporation employing tens of thousands of people, expenses of drilling, dry wells, equipment, pumping, refining, and distributing millions of barrels refined oil products (gas, diesel, and heating oil) throughout the U.S, :-) >>
Well it must be true if the government said it.
Cramer advises to Buy Gold
Well, that's the kiss of death. In the Buffoon's own words, "Sell,sell,sell!"
<< <i>in the last quarter Exxon made $9.2 billion dollars. They paid $8.6 billion in taxes. In other words, a 46% tax rate.
I'm no accountant, but how is that 46%? >>
Just lookking at it I say it's fairly close without crunching the numbers. Let's see 9.2 B + 8.6 B is what they would have made before taxes. The 8.6 B is close to the 9.2 B profits so it's correct. Sell, Sell, Sell....LOL we've been hearing that for the last 6 years. What's changed for the better my friend? It seems to me were on the brink as compared to the last 6 years and look what PM's have done in that run. Instead of posting what you hope will happen how about some data (links) supporting your view?
edit for spelling
State Street Subprime Damages May Surpass Reserve
Correct!
Business News Round Up.
SATURDAY, FEBRUARY 02, 2008
"Over the last three years, Exxon Mobil has paid an average of $27 billion annually in taxes. That's $27,000,000,000 per year, a number so large it's hard to comprehend.
In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual American taxpayers."
BUT, I think we should all vote for Hillary, and make those greedy EM shareholders and employees give us that gas for free.
Oh, I forgot to add the new American mantra,
From each according to their ability to pay to each according to their want to receive!
From each according to their ability to pay to each according to their want to receive!
From each according to their ability to pay to each according to their want to receive!
Hey, Man
Be cool with the Mayan calender, we don't need them after us too.
<< <i>“Please correct me if I’m wrong but I believe Federal and State taxes levied at the pump are in ADDITION to Corporate taxes paid by oil companies.”
Correct!
Business News Round Up.
SATURDAY, FEBRUARY 02, 2008
"Over the last three years, Exxon Mobil has paid an average of $27 billion annually in taxes. That's $27,000,000,000 per year, a number so large it's hard to comprehend.
In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual American taxpayers."
BUT, I think we should all vote for Hillary, and make those greedy EM shareholders and employees give us that gas for free. >>
Thank you for the confirmation on the double taxation. I find it amazing how people can be so uninformed as to complain about oil company profits while completely ignoring an amount four times greater TAKEN in the form of tax.
Vote for Hillary or Barak and we will wake up one morning with $10/gallon gas. There is a reason we pay ~$4/gallon while Socialist countries pay ~$10/gallon – imagine what that would do for inflation and the economy.
<< <i>. . . Oh, I forgot to add the new American mantra,
From each according to their ability to pay to each according to their want to receive!
From each according to their ability to pay to each according to their want to receive!
From each according to their ability to pay to each according to their want to receive! >>
You mean we can't TAX are way to prosperity
<< <i>The dollar continues to slide after the recent rate cut.
This chart represents in my opinion wave 4 down, and wave 5 to follow sometime next week.
Taking the dollar down to new lows, before any recovery in a long term outlook.
Its the dollar Vs YEN
short term you may get a correction, as wave 5 appears to be complete.
http://forums.collectors.com/attachments\/xxx12345.GIF
Dollar yen, you got your bounce, Prediction will continue to slide from here...
I have found power in the mysteries of thought.
It is always a question of knowing and seeing, and not that of believing.
Our virtues, and our failings are inseparable, like force, and matter. When they separate, man is no more.
.
I love to hear about the liberal media being in control and most influential and then learn corporate Wall Street owns the media. The conservative outlets like Fox News and talk radio reach far more listeners than the liberals do but somehow this math is overlooked. I guess the liberals make easy bogeymen. Independent analysts say FDR was the last real liberal in charge of anything. But you who scream about the country being socialist won't dare give up the "socialist" benefits of SS, medicare, and veterans benefits!
Back to economic predictions, I suggest you get a copy of the book or CD- "War on the Middle Class" by Lou Dobbs. He can point fingers in all directions for blame as it should be. The most worrisome part is our policy fostering the export of factory jobs overseas to Asia. We can't compete with child labor, low wages, no benefits, little oversight and regulation about safety or pollution. There is no fair trade when it is done like this.
<< <i>I love to read the whining and gnashing about paying taxes followed up by a deep patriotic desire to stay in Iraq for one hundred more years no matter the cost. Our foreign policy priority is to get the small religious tribes who live near oil to love one another! I love to read here about the concern over no new refineries being built in America because of those tree huggers but the moment one is proposed in your community all hell breaks loose. They are filthy monsters. The oil industry association once had on their website a chart showing component costs and that complying with environmental rules and regulation cost nearly one cent per barrel! The answer isn't more oil anyway, it is to find an alternative to our dependence on the shieks!
I love to hear about the liberal media being in control and most influential and then learn corporate Wall Street owns the media. The conservative outlets like Fox News and talk radio reach far more listeners than the liberals do but somehow this math is overlooked. I guess the liberals make easy bogeymen. Independent analysts say FDR was the last real liberal in charge of anything. But you who scream about the country being socialist won't dare give up the "socialist" benefits of SS, medicare, and veterans benefits!
Back to economic predictions, I suggest you get a copy of the book or CD- "War on the Middle Class" by Lou Dobbs. He can point fingers in all directions for blame as it should be. The most worrisome part is our policy fostering the export of factory jobs overseas to Asia. We can't compete with child labor, low wages, no benefits, little oversight and regulation about safety or pollution. There is no fair trade when it is done like this. >>
Gardnerville, NV
=========================
Our Website -->Innovation, Native & Presidential Dollar Errors, Lincoln Cents and more
Check it out --> Our eBay Auctions
<< <i>I love to read the whining and gnashing about paying taxes followed up by a deep patriotic desire to stay in Iraq for one hundred more years no matter the cost. Our foreign policy priority is to get the small religious tribes who live near oil to love one another! I love to read here about the concern over no new refineries being built in America because of those tree huggers but the moment one is proposed in your community all hell breaks loose. They are filthy monsters. The oil industry association once had on their website a chart showing component costs and that complying with environmental rules and regulation cost nearly one cent per barrel! The answer isn't more oil anyway, it is to find an alternative to our dependence on the shieks!
I love to hear about the liberal media being in control and most influential and then learn corporate Wall Street owns the media. The conservative outlets like Fox News and talk radio reach far more listeners than the liberals do but somehow this math is overlooked. I guess the liberals make easy bogeymen. Independent analysts say FDR was the last real liberal in charge of anything. But you who scream about the country being socialist won't dare give up the "socialist" benefits of SS, medicare, and veterans benefits!
Back to economic predictions, I suggest you get a copy of the book or CD- "War on the Middle Class" by Lou Dobbs. He can point fingers in all directions for blame as it should be. The most worrisome part is our policy fostering the export of factory jobs overseas to Asia. We can't compete with child labor, low wages, no benefits, little oversight and regulation about safety or pollution. There is no fair trade when it is done like this. >>
I'm sure SL and Goldsaint would gladly volunteer to have a refinery in their backyard since they're so patriotic! Yes refineries is a perfect example of NIMBY. We need more refineries-BUT NOT HERE! Exxon Mobil had the highest quarterly profit of any company in history. Yes Exxon has been so mistreated that they have the highest profit of any company in history. If SL and Goldsaint feels bad for them, they can send their money to the poor company that has been so mistreated by our mean government. But since people want to talk politics let's talk about the thousands of dead Americans for Bush's' war based on lies!!! That's what pisses me off!
“If SL and Goldsaint feels bad for them, they can send their money to the poor company that has been so mistreated by our mean government.”
Well Joe, I cannot speak for SL but I am sending about $400 per month to the oil companies just keeping all my vehicles going. I am in the Real-estate business, at least for a few more years.
In addition I must feel sorry for the poor kids in my area as I send thousands of dollars to the school districts each year.
And I guess I feel sorry for the welfare folks in the big cites as I send money to pay their bills each year.
And I also send money for all of the following via the tens of thousands in taxes I pay each year;
Accounts Receivable Tax
Building Permit Tax
Capital Gains Tax
Cigarette Tax, wife smokes
Corporate Income Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Fuel permit tax for Backhoe
Gasoline Tax
Hunting License Tax
Liquor Tax
Luxury Taxes
Medicare Tax
Personal Property Tax
State and county Real Estate Taxes
Septic Permit Tax
Service Charge Taxes
Social Security Tax
Road Usage Taxes for Trucks
Sales Taxes
Recreational Vehicle Tax
Road Toll Booth Taxes
State Income Tax
State Unemployment Tax
Telephone federal excise tax
Telephone federal universal service fee tax
Telephone federal, state and
local surcharge taxes
Telephone state and local tax
Toll Bridge Taxes
Toll Road Taxes
Traffic Fines (indirect taxation)
RV Trailer Registration Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
Here is the thing Joe, I am in my 60’S and before long I am not going to be paying many of theses taxes, and instead I want you to send me about $3,000 per month in Social Security, and several hundred per month to pay for my medical, and I may need other things also. I hope you are a young man and are up to the job of supporting me, and my wife, cause the frigging government has already spent the hundreds of thousands I have sent them through the years.
One potential scenario.
More derivatives damage this week with AIG reporting a $7.8 BILL loss while UBS reported something over $10 BILL recently. Citigroup has just figured out that they have $400 BILLION in non-core assets that they need to pare down (ie worthless illiquid derivatives crap).
roadrunner
<< <i>
<< <i>. . . Oh, I forgot to add the new American mantra,
From each according to their ability to pay to each according to their want to receive!
From each according to their ability to pay to each according to their want to receive!
From each according to their ability to pay to each according to their want to receive! >>
You mean we can't TAX are way to prosperity
No, you have to have off the charts spending as well and an ignorant population who will not only agree with that but beg and whine for even more of it.
Methinks the foundation is in place
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>
<< <i>I love to read the whining and gnashing about paying taxes followed up by a deep patriotic desire to stay in Iraq for one hundred more years no matter the cost. Our foreign policy priority is to get the small religious tribes who live near oil to love one another! I love to read here about the concern over no new refineries being built in America because of those tree huggers but the moment one is proposed in your community all hell breaks loose. They are filthy monsters. The oil industry association once had on their website a chart showing component costs and that complying with environmental rules and regulation cost nearly one cent per barrel! The answer isn't more oil anyway, it is to find an alternative to our dependence on the shieks!
I love to hear about the liberal media being in control and most influential and then learn corporate Wall Street owns the media. The conservative outlets like Fox News and talk radio reach far more listeners than the liberals do but somehow this math is overlooked. I guess the liberals make easy bogeymen. Independent analysts say FDR was the last real liberal in charge of anything. But you who scream about the country being socialist won't dare give up the "socialist" benefits of SS, medicare, and veterans benefits!
Back to economic predictions, I suggest you get a copy of the book or CD- "War on the Middle Class" by Lou Dobbs. He can point fingers in all directions for blame as it should be. The most worrisome part is our policy fostering the export of factory jobs overseas to Asia. We can't compete with child labor, low wages, no benefits, little oversight and regulation about safety or pollution. There is no fair trade when it is done like this. >>
Most of that is pretty true but you lost you're credibility bgy recommending lou dobbs book. dobbs talks out of both sides of his rear end and is every bit as much part of the problem as anderson cooper and his ( her? ) ilk
Try Ron Paul's new book.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Liberty: Parent of Science & Industry
This could become big big
HYDRO 4000
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>I'm sure SL and Goldsaint would gladly volunteer to have a refinery in their backyard since they're so patriotic! Yes refineries is a perfect example of NIMBY. We need more refineries-BUT NOT HERE! Exxon Mobil had the highest quarterly profit of any company in history. Yes Exxon has been so mistreated that they have the highest profit of any company in history. If SL and Goldsaint feels bad for them, they can send their money to the poor company that has been so mistreated by our mean government. But since people want to talk politics let's talk about the thousands of dead Americans for Bush's' war based on lies!!! That's what pisses me off! >>
Having a refinery in your backyard has nothing to do with being patriotic; kind of like trying to relate Corporate profits to personal wealth
Exxon Mobil had the highest quarterly profit of any company in history. Exxon Mobil also paid more in taxes then 50% of the wage earners in this country! High energy costs hurt all of all of us in many ways including inflation. To answer your question I do not feel bad for oil companies the only point I was trying to make when this discussion started is people complain about massive profits earned by oil companies while completely ignoring an amount four times greater taken in the form of taxes.
But since people want to talk politics let's talk about the thousands of dead Americans for Bush's' war based on lies!!! That's what pisses me off!
War is ugly and costs all of us dearly in the loss of life not too mention the economics. I believe the Iraq was a big mistake but to walk away now could have major repercussions down the road. Much of the bogus intelligence that led to this was came from Clinton administration left over’s in the Pentagon and state department. You might also want to consider what members in Congress were saying leading up to the Iraq war. . .
"Without question, we need to disarm Saddam Hussein. He is a brutal, murderous dictator, leading an oppressive regime ... He presents a particularly grievous threat because he is so consistently prone to miscalculation ... And now he is miscalculating America's response to his continued deceit and his consistent grasp for weapons of mass destruction ... So the threat of Saddam Hussein with weapons of mass destruction is real..."
- Sen. John F. Kerry (D, MA), Jan. 23. 2003 | Source
"I will be voting to give the President of the United States the authority to use force -- if necessary -- to disarm Saddam Hussein because I believe that a deadly arsenal of weapons of mass destruction in his hands is a real and grave threat to our security."
- Sen. John F. Kerry (D, MA), Oct. 9, 2002 | Source
"One way or the other, we are determined to deny Iraq the capacity to develop weapons of mass destruction and the missiles to deliver them. That is our bottom line."
- President Clinton, Feb. 4, 1998 | Source
"If Saddam rejects peace and we have to use force, our purpose is clear. We want to seriously diminish the threat posed by Iraq's weapons of mass destruction program."
- President Bill Clinton, Feb. 17, 1998 | Source
"We must stop Saddam from ever again jeopardizing the stability and security of his neighbors with weapons of mass destruction."
- Madeline Albright, Feb 1, 1998 | Source
"He will use those weapons of mass destruction again, as he has ten times since 1983."
- Sandy Berger, Clinton National Security Adviser, Feb, 18, 1998 | Source
"We urge you, after consulting with Congress, and consistent with the U.S. Constitution and laws, to take necessary actions (including, if appropriate, air and missile strikes on suspect Iraqi sites) to respond effectively to the threat posed by Iraq's refusal to end its weapons of mass destruction programs."
Letter to President Clinton.
- (D) Senators Carl Levin, Tom Daschle, John Kerry, others, Oct. 9, 1998 | Source
"Saddam Hussein has been engaged in the development of weapons of mass destruction technology which is a threat to countries in the region and he has made a mockery of the weapons inspection process."
- Rep. Nancy Pelosi (D, CA), Dec. 16, 1998 | Source
"Hussein has ... chosen to spend his money on building weapons of mass destruction and palaces for his cronies."
- Madeline Albright, Clinton Secretary of State, Nov. 10, 1999 | Source
"We begin with the common belief that Saddam Hussein is a tyrant and a threat to the peace and stability of the region. He has ignored the mandate of the United Nations and is building weapons of mass destruction and the means of delivering them."
- Sen. Carl Levin (D, MI), Sept. 19, 2002 | Source
"We know that he has stored secret supplies of biological and chemical weapons throughout his country."
- Al Gore, Sept. 23, 2002 | Source
"Iraq's search for weapons of mass destruction has proven impossible to deter and we should assume that it will continue for as long as Saddam is in power."
- Al Gore, Sept. 23, 2002 | Source
"We have known for many years that Saddam Hussein is seeking and developing weapons of mass destruction."
- Sen. Ted Kennedy (D, MA), Sept. 27, 2002 | Source
"The last UN weapons inspectors left Iraq in October of 1998. We are confident that Saddam Hussein retains some stockpiles of chemical and biological weapons, and that he has since embarked on a crash course to build up his chemical and biological warfare capabilities. Intelligence reports indicate that he is seeking nuclear weapons..."
- Sen. Robert Byrd (D, WV), Oct. 3, 2002 | Source
"There is unmistakable evidence that Saddam Hussein is working aggressively to develop nuclear weapons and will likely have nuclear weapons within the next five years ... We also should remember we have always underestimated the progress Saddam has made in development of weapons of mass destruction."
- Sen. Jay Rockefeller (D, WV), Oct 10, 2002 | Source
"In the four years since the inspectors left, intelligence reports show that Saddam Hussein has worked to rebuild his chemical and biological weapons stock, his missile delivery capability, and his nuclear program. He has also given aid, comfort, and sanctuary to terrorists, including al Qaeda members ... It is clear, however, that if left unchecked, Saddam Hussein will continue to increase his capacity to wage biological and chemical warfare, and will keep trying to develop nuclear weapons."
- Sen. Hillary Clinton (D, NY), Oct 10, 2002 | Source
"We are in possession of what I think to be compelling evidence that Saddam Hussein has, and has had for a number of years, a developing capacity for the production and storage of weapons of mass destruction."
- Sen. Bob Graham (D, FL), Dec. 8, 2002 | Source
I'm at work and don't have time now to make the "Source" links above active but if you PM me with an email address I will send you an email with the active source links - many are from the Internet archive.
Best Regards,
Steve
<< <i>"at least he didn't toss the Mayan calendar into his pitch as well."
Hey, Man
Be cool with the Mayan calender, we don't need them after us too. >>
okay then how about the shifting magnetic pole?
Unfortunately, we have lost faith and confidence in the system of government with which we have been blessed. Today too many Americans support, at least in the early stages, the use of force to spread our message of hope and freedom. They too often are confused by the rhetoric that our armies are needed to spread American goodness. Using force injudiciously, instead of spreading the worthy message of American freedom through peaceful means, antagonizes our enemies, alienates our allies, and threatens personal liberties here at home while burdening our economy.
More Here
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Similar to the Romans at the peak of their empire we've been giving our citizens circus, war and bread. Today that would be called sports, gambling, war, and food. Only now we're starting to have some trouble with the "bread" part. The "circus" and "war" parts still haven't peaked yet.
roadrunner
<< <i>Real Estate and Credit markets - the next dozen shoes to drop
One potential scenario.
roadrunner >>
another good read, although i will argue with his statement in ( ) that more people own homes than stock...(has nothing really to do with her analysis though).
<< <i>
<< <i>"at least he didn't toss the Mayan calendar into his pitch as well."
Hey, Man
Be cool with the Mayan calender, we don't need them after us too. >>
okay then how about the shifting magnetic pole?
How about the slowing resonate frequency of the Earth?
approach to economics, then :
1. If you do not have the money, do not buy it,
provide it or promise it to the people.
2. Do not go into debt , for day to day expenses.
3. Be cautious of foreign entanglements.
4. It should be a National Priority, to have citizens
actually save a portion, of all that they earn.
5. If this Nation is ever to go to war in the future, It should
be supported by the majority of the people as well as financially
paid for by the people. We must never commit our troops without careful
consideration. When we must commit to war, we should do so with all the troops
and equipment necessary to win.
6. There must be the realization by all, that nothing is for free.
Everything given or promised must eventually be paid for.
7. A strong and stable currency, is a part and parcel of a strong
and dynamic Nation.
These things should be believed and defended ,by every Republican, Democrat
and Independent in the Nation.
Camelot
<< <i>If we take the classic conservative
approach to economics, then :
1. If you do not have the money, do not buy it,
provide it or promise it to the people.
2. Do not go into debt , for day to day expenses.
3. Be cautious of foreign entanglements.
4. It should be a National Priority, to have citizens
actually save a portion, of all that they earn.
5. If this Nation is ever to go to war in the future, It should
be supported by the majority of the people as well as financially
paid for by the people. We must never commit our troops without careful
consideration. When we must commit to war, we should do so with all the troops
and equipment necessary to win.
6. There must be the realization by all, that nothing is for free.
Everything given or promised must eventually be paid for.
7. A strong and stable currency, is a part and parcel of a strong
and dynamic Nation.
These things should be believed and defended ,by every Republican, Democrat
and Independent in the Nation. >>
How about just following the Constitution for starters?
And since socialism ( in all it's forms ) are rejected by the Constitution, can we then declare politicians who support socialism in any form a traitor . While we're at it, consider ANYONE who supports those positions the same?
Or do we consider a brand of socialism that one person likes which may resonate with our own interests at that moment in time, OK?
I say, not OK.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
by the.
President
Supremes
Various religions
Popular majority
Divine Providence
Toss of the coin
Lobbyists
Military Industrial Complex
There are just so many interpretations to choose from.
Camelot
<< <i>The Constitution as interpreted
by the.
President
Supremes
Various religions
Popular majority
Divine Providence
Toss of the coin
Lobbyists
Military Industrial Complex
There are just so many interpretations to choose from.
Then scrap the whole dang thing and start all over again. Revolution!
Only problem Mr Bear, is this time the socialists have the numbers while the lovers of liberty are way out numbered.
So I would stick with the Constitution and declare those who "interpret" anything in that document as allowing them to subvert freedom in anyway a traitor who should be hung.
Then if that doesn't work.........
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
It sounds good, but an uphill fight considering >50% of all citizens and illegals pay no federal income taxes. Those that don't have will continue to vote for the politicians who promise them even more at no cost to them. And those in power continue to pander to them to maintain their seats.
roadrunner
by the Constitution. In fact, the idea of Socialism
did not exist when the Constitution was drafted from
the Greek City States, Socrates Republic and other assorted
pieces of logic, brilliance and insightful perceptions.
The Constitution was never intended to directly deal with
telecommunication, air travel, global warming ect. It must be dealt
with thru reasonable extension of the written language, to deal with
what had been unimagined in the original Constitution's language.
The Constitution has been called a living document. This is because it
contains the provisions for amendments as well as interpretation by the
Supreme Court. Further, the Constitution bypassed certain hot potatoes
such as slavery , labor rights of working men and women as well as the rights
of women to vote.
Camelot
any obligations to pay taxes is distressful to the conceipt of
responsible citizenship and representative government. It is
truly pandering of the worst kind.
Camelot