A good cartoon regarding Obama’s tax cheats
Larry Kudlow of the famed Kudlow and Company is calling for Geithner to step down as well: Time for Tim Geithner to Step Down, Too
My compliments to Mr. Nick Anderson for the excellent cartoon!
Larry Kudlow of the famed Kudlow and Company is calling for Geithner to step down as well: Time for Tim Geithner to Step Down, Too
My compliments to Mr. Nick Anderson for the excellent cartoon!
It is good that Mr. Daschle had the sense to withdraw his nomination as HHS secretary. He was foolish to pursue the job under the cloud of being a tax cheat. I see that Nancy Killefer, nominated by President Barack Hussein Obama to be the federal government’s first chief performance officer also has withdrawn her nomination due to tax payment problems.
What is with these major public leaders and their ability to pay their taxes. Have they ever heard of H&R Block? Even most of the computerized tax programs would have found Mr. Daschle’s limo driver problem. These people are either idiots or they are cheats.
MR. PRESIDENT – GET YOUR ACT TOGETHER AND DO A PROPER JOB OF VETTING YOUR NOMINEES AND WHEN YOU FIND A PROBLEM LIKE THIS – DROP THEM LIKE A HOT POTATO!
BHO, now is beginning to look like a fool with three tax evaders as nominees. I think that his promise for a change is being replaced by a promise of corruption and fools.
It wasn’t that long ago that the politicians were going to deliver a huge windfall tax on the oil companies. Now that the new guys are in charge, all of that talk has suddenly stopped.
Of course now that BP has just announced that it will be in the red for the quarter, maybe all of the talk of excessively taxing risky commodities based businesses when they actually do well will go away.
Tell the government to leave us alone and stop screwing it up.
BP falls to $3.3 billion loss in Q4
LONDON (AP) — BP PLC, the second-largest European oil company, said
Tuesday it swung to a steep loss of $3.3 billion during the fourth
quarter of 2008 as sliding oil prices hit revenues hard.The
company said its net loss of $3.3 billion during the October-December
period was well below the $8 billion profit in the third quarter and a
$4.4 billion profit in the same period in 2007.For the full year, BP said net profit was $21.2 billion, up slightly on 2007’s $20.8 billion.
The
drop in the fourth-quarter performance was due to the collapse in oil
prices. In mid-July, oil prices were around $147 a barrel. Since then,
fears about the global economic outlook have pushed oil prices down to
around $40 a barrel.When oil price changes on unsold inventories
are stripped out, BP remained in the black during the fourth quarter,
the company said. So-called replacement cost profit — a key measure for
oil companies — was $2.6 billion in the fourth quarter of 2008, down on
2007’s equivalent of $3.4 billion.Though the replacement cost
profit during the period was hefty it was at the bottom end of market
expectations. Analysts were looking for replacement cost profit to be
around $3 billion during the quarter.BP blamed currency changes,
in particular the fall of the euro and the pound against the dollar, as
well as higher tax bills in Russia, for the weak performance.For the year as a whole, replacement cost profit rose 39 percent to $25.6 billion.
BP
said it will pay a quarterly dividend of 14 cents a share. Though that
was up on the 13.25 cents delivered a year ago, the dividend was
unchanged on the previous two quarters.The markets gave a thumbs
down to BP’s results, sending the shares down 4.3 percent to 463.75
pence on the London Stock Exchange.“BP looks like a company that
may have temporarily lost its way as it reported its first quarter loss
in 7 years,” said Manoj Ladwa, a senior trader at ETX Capital in London.With the oil price so volatile, BP said it will continue to focus on cutting costs.
Under
new chief executive Tony Hayward the group has been looking to boost
efficiency to close the gap on Royal Dutch Shell, Europe’s largest oil
company, with measures such as 5,000 job cuts in order to streamline
the business.“In the current climate we especially need to
maintain the momentum we have established in the drive to make BP more
efficient… The next year or two will be challenging, but we are
well-placed to meet that challenge,” Hayward said.Although
exploration and production profits are likely to suffer from the lower
oil prices, the firm said it has improved the efficiency of its
refining operations in the U.S.BP has been dogged by problems at
its U.S. refineries, but has rebuilt capacity at its Texas City and
Whiting sites. Refining availability rose to 91 percent in the last
three months of 2008 — the highest level for three years.
I guess this only holds when you are actually in office. Once you are in the private sector, taking money from corporations in excess of $1M per year, and being chauffeured around DC it no longer applies.
“Make no mistake, tax cheaters cheat us all, and the IRS should enforce our laws to the letter. ” Sen. Tom Daschle, Congressional Record, May 7, 1998, p. S4507.
Tim Daschle should remove his name from consideration as the HHS Secretary. He is an embarrassment to politicians, private citizens, and President Barack Hussein Obama.
This is simply another testimony to the fact that BHO is simply the most inexperienced President ever and is being controlled by forces that may not have the best interest of the country.
There has been quite a bit of complaining that the current stimulus bill that was just passed by the House and is going to Senate is filled with pork and special spending projects. This is a silly complaint – of course it is!
The bill is a spending bill. It should be loaded to the gills with pork. That is what spending bills do – they spend money. In fact, it should have so much pork in it that a reasonably religious person of Jewish descent should run for the hills!
Of course, it shouldn’t have silly things in it like contraceptives. That does nothing for the economy despite the silliness of Ms. Pelosi. But it should be filled with pet projects from every mayor and county commissioner in the land. If the mayor of a 20-30,000 citizen city CAN’T get a million or two out of this bill – they should be run out of town! In case there are any mayors or governors out there that can’t figure out what to ask for that they can spend money on RIGHT NOW then I made a list of projects that they should consider.
The overall goals for the pork should be to get people working, spending money, and kickstart the economy. We know that housing is hurting. Housing has a couple of different contributors to the economy but mostly it is the sale of the raw materials and the employment of the laborers. Let’s get them all going again. Also, since we want to make ourselves as efficient as possible, lets try to do things that will help the environment a bit as well. Finally, in the cases where we have to buy some products, lets try to keep them mostly made in the good old USA.
This bill should be absolutely packed with new bridges, roads, baseball parks, swimming pools and public gymnasiums. Some of these new bridges and roads may not be able to be “shovel ready” so let’s expand the list a bit. Many of these things that I list will take labor to install (which is a good thing), labor to manufacture and ship (more good) and raise everyone’s spirits a bit as well.
There should be no way we should need to spend money on things like contraceptives. The list is too easy to generate on things that would improve infrastructure, make the world a bit nicer, use materials that are produced in the US and employ manual laborers to install.
I am sure that I missed things but literally this list took only 5 minutes of thought to create and I probably spent a couple hundred billion dollars and employed between 50,000 and 100,000 people for at least 1 year. This doesn’t include any big projects like roads and bridges that are already able to be funded but were trying to find the funds. It also doesn’t factor in any multiplier effect that will occur by the spending of this money.
If you agree that this list is on the right track – send it to you Senator and your Congressman. While you are at it, send the list to your Mayor and Governor.
There seems to be a general trend lately that Barack Hussein Obama (BHO) is not really running things in the current administration. Let’s point out a few examples:
Of course, as I say in my About message above, I may be wrong. But that would mean that BHO is simply naive and foolish in his selections. I prefer to believe that BHO does have the wisdom to do the job. Even though this quote by Robert Gibbs, the press secretary, gives me pause: “The president believes that nobody is perfect, but that nobody is trying to hide anything.” While the former is true, I really have a hard time fathoming that anyone over the age of 14 believes the latter – didn’t the guy ever date?