[michael]

Shadowfax:

“Gee, if Exxon has to pay more in taxes it will hinder innovation and hard work….bullshit. They will just game the system AGAIN to make MORE money and gauge the rest of us over prices.”

Exxon profit margins are 8%-9%. Why don’t we instead tax higher profit margin companies like Merck 29%. Microsoft 27%. Google 23%.

Higher corporate rates will only drive companies to ship more jobs and capital overseas. McCain’s got it right when he proposes lowering corporate tax rates.

Here’s a quick quote…

July 31 (Bloomberg) — The U.S. may now be in a “very long” recession that will drive the unemployment rate higher, with little that the Federal Reserve can do to help, said Harvard University Professor Martin Feldstein.

“I don’t see recovery” on the horizon, Feldstein, who headed the National Bureau of Economic Research until June and serves on the group’s recession-dating panel, said in an interview with Bloomberg Radio.

Feldstein said the Fed has already lowered interest rates as much as it can to help growth, and that exports offer the only bright spot, while they aren’t strong enough to fuel a recovery. A former adviser to President Ronald Reagan, he also warned that policies proposed by Senator Barack Obama, the presumptive Democratic presidential candidate, would prolong the downturn.

The next president “should not be raising taxes,” Feldstein said. He said he was “really surprised” that Obama “hasn’t backed off his proposals for a major tax increase.”

[michael]

Shadowfax:

“Gee, if Exxon has to pay more in taxes it will hinder innovation and hard work….bullshit. They will just game the system AGAIN to make MORE money and gauge the rest of us over prices.”

Exxon profit margins are 8%-9%. Why don’t we instead tax higher profit margin companies like Merck 29%. Microsoft 27%. Google 23%.

Higher corporate rates will only drive companies to ship more jobs and capital overseas. McCain’s got it right when he proposes lowering corporate tax rates.

Here’s a quick quote…

July 31 (Bloomberg) — The U.S. may now be in a “very long” recession that will drive the unemployment rate higher, with little that the Federal Reserve can do to help, said Harvard University Professor Martin Feldstein.

“I don’t see recovery” on the horizon, Feldstein, who headed the National Bureau of Economic Research until June and serves on the group’s recession-dating panel, said in an interview with Bloomberg Radio.

Feldstein said the Fed has already lowered interest rates as much as it can to help growth, and that exports offer the only bright spot, while they aren’t strong enough to fuel a recovery. A former adviser to President Ronald Reagan, he also warned that policies proposed by Senator Barack Obama, the presumptive Democratic presidential candidate, would prolong the downturn.

The next president “should not be raising taxes,” Feldstein said. He said he was “really surprised” that Obama “hasn’t backed off his proposals for a major tax increase.”

[michael]

Shadowfax:

“Gee, if Exxon has to pay more in taxes it will hinder innovation and hard work….bullshit. They will just game the system AGAIN to make MORE money and gauge the rest of us over prices.”

Exxon profit margins are 8%-9%. Why don’t we instead tax higher profit margin companies like Merck 29%. Microsoft 27%. Google 23%.

Higher corporate rates will only drive companies to ship more jobs and capital overseas. McCain’s got it right when he proposes lowering corporate tax rates.

Here’s a quick quote…

July 31 (Bloomberg) — The U.S. may now be in a “very long” recession that will drive the unemployment rate higher, with little that the Federal Reserve can do to help, said Harvard University Professor Martin Feldstein.

“I don’t see recovery” on the horizon, Feldstein, who headed the National Bureau of Economic Research until June and serves on the group’s recession-dating panel, said in an interview with Bloomberg Radio.

Feldstein said the Fed has already lowered interest rates as much as it can to help growth, and that exports offer the only bright spot, while they aren’t strong enough to fuel a recovery. A former adviser to President Ronald Reagan, he also warned that policies proposed by Senator Barack Obama, the presumptive Democratic presidential candidate, would prolong the downturn.

The next president “should not be raising taxes,” Feldstein said. He said he was “really surprised” that Obama “hasn’t backed off his proposals for a major tax increase.”

[michael]

Shadowfax:

“Gee, if Exxon has to pay more in taxes it will hinder innovation and hard work….bullshit. They will just game the system AGAIN to make MORE money and gauge the rest of us over prices.”

Exxon profit margins are 8%-9%. Why don’t we instead tax higher profit margin companies like Merck 29%. Microsoft 27%. Google 23%.

Higher corporate rates will only drive companies to ship more jobs and capital overseas. McCain’s got it right when he proposes lowering corporate tax rates.

Here’s a quick quote…

July 31 (Bloomberg) — The U.S. may now be in a “very long” recession that will drive the unemployment rate higher, with little that the Federal Reserve can do to help, said Harvard University Professor Martin Feldstein.

“I don’t see recovery” on the horizon, Feldstein, who headed the National Bureau of Economic Research until June and serves on the group’s recession-dating panel, said in an interview with Bloomberg Radio.

Feldstein said the Fed has already lowered interest rates as much as it can to help growth, and that exports offer the only bright spot, while they aren’t strong enough to fuel a recovery. A former adviser to President Ronald Reagan, he also warned that policies proposed by Senator Barack Obama, the presumptive Democratic presidential candidate, would prolong the downturn.

The next president “should not be raising taxes,” Feldstein said. He said he was “really surprised” that Obama “hasn’t backed off his proposals for a major tax increase.”

[michael]

Shadowfax:

“Gee, if Exxon has to pay more in taxes it will hinder innovation and hard work….bullshit. They will just game the system AGAIN to make MORE money and gauge the rest of us over prices.”

Exxon profit margins are 8%-9%. Why don’t we instead tax higher profit margin companies like Merck 29%. Microsoft 27%. Google 23%.

Higher corporate rates will only drive companies to ship more jobs and capital overseas. McCain’s got it right when he proposes lowering corporate tax rates.

Here’s a quick quote…

July 31 (Bloomberg) — The U.S. may now be in a “very long” recession that will drive the unemployment rate higher, with little that the Federal Reserve can do to help, said Harvard University Professor Martin Feldstein.

“I don’t see recovery” on the horizon, Feldstein, who headed the National Bureau of Economic Research until June and serves on the group’s recession-dating panel, said in an interview with Bloomberg Radio.

Feldstein said the Fed has already lowered interest rates as much as it can to help growth, and that exports offer the only bright spot, while they aren’t strong enough to fuel a recovery. A former adviser to President Ronald Reagan, he also warned that policies proposed by Senator Barack Obama, the presumptive Democratic presidential candidate, would prolong the downturn.

The next president “should not be raising taxes,” Feldstein said. He said he was “really surprised” that Obama “hasn’t backed off his proposals for a major tax increase.”

[michael]

The big difference (at least for now) between today and the 70s is the state of labor. The 70s had a highly unionized labor force that would negotiate higher wages for its employess because of inflation concerns. What that did was give the workers money to spend on the higher priced goods which would spur demand and create a vicious cycle when the new inflation would cause unions to renegotiate higher wages.

This time around the work force is not as unionized (thank God) and therefore the consumer lacks the resources to purchase goods. This inturn has an impact on demand and eventually leads to modetaration of inflation.

With Obama and the socialist in control, it’s just a matter of time before they will legislate wages and mess things up even more….

[michael]

The big difference (at least for now) between today and the 70s is the state of labor. The 70s had a highly unionized labor force that would negotiate higher wages for its employess because of inflation concerns. What that did was give the workers money to spend on the higher priced goods which would spur demand and create a vicious cycle when the new inflation would cause unions to renegotiate higher wages.

This time around the work force is not as unionized (thank God) and therefore the consumer lacks the resources to purchase goods. This inturn has an impact on demand and eventually leads to modetaration of inflation.

With Obama and the socialist in control, it’s just a matter of time before they will legislate wages and mess things up even more….

[michael]

The big difference (at least for now) between today and the 70s is the state of labor. The 70s had a highly unionized labor force that would negotiate higher wages for its employess because of inflation concerns. What that did was give the workers money to spend on the higher priced goods which would spur demand and create a vicious cycle when the new inflation would cause unions to renegotiate higher wages.

This time around the work force is not as unionized (thank God) and therefore the consumer lacks the resources to purchase goods. This inturn has an impact on demand and eventually leads to modetaration of inflation.

With Obama and the socialist in control, it’s just a matter of time before they will legislate wages and mess things up even more….

[michael]

The big difference (at least for now) between today and the 70s is the state of labor. The 70s had a highly unionized labor force that would negotiate higher wages for its employess because of inflation concerns. What that did was give the workers money to spend on the higher priced goods which would spur demand and create a vicious cycle when the new inflation would cause unions to renegotiate higher wages.

This time around the work force is not as unionized (thank God) and therefore the consumer lacks the resources to purchase goods. This inturn has an impact on demand and eventually leads to modetaration of inflation.

With Obama and the socialist in control, it’s just a matter of time before they will legislate wages and mess things up even more….

[michael]

The big difference (at least for now) between today and the 70s is the state of labor. The 70s had a highly unionized labor force that would negotiate higher wages for its employess because of inflation concerns. What that did was give the workers money to spend on the higher priced goods which would spur demand and create a vicious cycle when the new inflation would cause unions to renegotiate higher wages.

This time around the work force is not as unionized (thank God) and therefore the consumer lacks the resources to purchase goods. This inturn has an impact on demand and eventually leads to modetaration of inflation.

With Obama and the socialist in control, it’s just a matter of time before they will legislate wages and mess things up even more….

[michael]

$8 gas – not likely due to slowing global demand. Dollar losing 1/3 of its value? Against what currency? Against the Euro? Yen? Don’t think so. Perhaps against an emerging market basket of currencies.

Either way, you can expect higher taxes with Barack “Marx” Obama .

[michael]

$8 gas – not likely due to slowing global demand. Dollar losing 1/3 of its value? Against what currency? Against the Euro? Yen? Don’t think so. Perhaps against an emerging market basket of currencies.

Either way, you can expect higher taxes with Barack “Marx” Obama .

[michael]

$8 gas – not likely due to slowing global demand. Dollar losing 1/3 of its value? Against what currency? Against the Euro? Yen? Don’t think so. Perhaps against an emerging market basket of currencies.

Either way, you can expect higher taxes with Barack “Marx” Obama .

[michael]

$8 gas – not likely due to slowing global demand. Dollar losing 1/3 of its value? Against what currency? Against the Euro? Yen? Don’t think so. Perhaps against an emerging market basket of currencies.

Either way, you can expect higher taxes with Barack “Marx” Obama .

[michael]

$8 gas – not likely due to slowing global demand. Dollar losing 1/3 of its value? Against what currency? Against the Euro? Yen? Don’t think so. Perhaps against an emerging market basket of currencies.

Either way, you can expect higher taxes with Barack “Marx” Obama .

[Author]

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