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2012 Presidential Election Part 4

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Re: 2012 Presidential Election Part 4

Fishy this is an easy one.

1) Country needs "grand bargain" approach to deficit reduction. Its the best way put forth so far to get combination of revenue increases and spending cuts without going to the extreme on one or the other.

2) Defense spending needs to be scaled back dramatically. Ending Afghanistan war while not getting involved in Syrian one goes a long way towards accomplishing that.

3) US needs to continue on path to doubling exports as stated by Obama. That's going to require specific policies that defend US industry, something this admin has been more willing than any other in recent memory to do. An exporting economy, as in the German model, is the way to go to increased job growth in this country.

4) Healthcare needs to finish its implementation so country can focus more on cutting costs. Once everybody insured, cost reductions can speed up. Going back to square one only makes the problem worse.

The problem with #1 is, the current administration is spending on par or more than his predecessor, regardless of where it is spent. Except, defense spending doesn't add constituents like social program spending does. No, this president wants his cake (more taxes) and eat it too (more spending).

#2 Defense budget probably can be cut, but at what cost? As long as we have soldiers in the field, under fire, they need adequate equipment or forces in place for their own security. Same goes for our embassies etc.That isn't the case now... force reduction and pull out was done in order to make good on a campaign promise, not think about the consequences of an increasing threat from an enemy that has not been defeated.

#3 So, we don't manufacture anything here anymore and we want to double our exports? I'd disagree, we have become a service economy because of regulatory and tax policies. Sure, kill the imports with tariffs, but promote a way to get American businesses back here making goods, first. Increasing taxes on small businesses isn't a way to do that.

#4 I don't know one healthcare professional who agrees with Obamacare. It is adding costs that eventually are passed to an unassuming consumer, are adding hours of redtape and costs to healthcare facilities and are reducing professional income / increasing workload. The devil is in the detail that no one read, but were willing to pass along to satisfy the minority of people in need of a socialized healthcare plan.
 
Re: 2012 Presidential Election Part 4

#3 So, we don't manufacture anything here anymore and we want to double our exports? I'd disagree, we have become a service economy because of regulatory and tax policies. Sure, kill the imports with tariffs, but promote a way to get American businesses back here making goods, first. Increasing taxes on small businesses isn't a way to do that.

In 1930, Congress, in attempts to alleviate the... anyone... the Great Depression, passed the... anyone... the tariff bill... the Hawley-Smoot Tariff Act, which... anyone, raised or lowered... raised... tariffs on imports into the country. Did it work? Anyone? Anyone? It did not work, and the United States fell deeper into the depression...
 
Re: 2012 Presidential Election Part 4

Apparently the only topics in the foreign policy debate are the Middle East and China. Discussing the economic issues in the Eurozone and how they may affect the United States would be too confusing for people, so we'll stick to bombing brown people and denouncing commies.
 
Re: 2012 Presidential Election Part 4

#4 I don't know one healthcare professional who agrees with Obamacare. It is adding costs that eventually are passed to an unassuming consumer, are adding hours of redtape and costs to healthcare facilities and are reducing professional income / increasing workload. The devil is in the detail that no one read, but were willing to pass along to satisfy the minority of people in need of a socialized healthcare plan.

I can only offer a short comment on this point-I am not so smart as to think I understand anything more than superficialities about the other items. But no one should be making any blanket assertions about this HeathCare Act unless they have read the entire thing. The media has presented only the little snippets that they have for whatever agenda is being pushed. We only get to see and hear a small portion of this huge piece of legislation. There is so much included that the majority of people have no clue about(even as to how it might affect their deduction of medical costs from their income tax). Perhaps it should have been pased-perhaps it should have been tossed in the garbage. Who knows? As far as medical care costing less-I will believe it when I see it. My personal health insurance premiums have gone up an average of 9% per year for the past few years. Cost of medical care and providing for our own coverage has become the biggest expense in our family budget. If that slows down considerably without my losing coverage (or choices of care) then perhaps I will believe it.
 
In 1930, Congress, in attempts to alleviate the... anyone... the Great Depression, passed the... anyone... the tariff bill... the Hawley-Smoot Tariff Act, which... anyone, raised or lowered... raised... tariffs on imports into the country. Did it work? Anyone? Anyone? It did not work, and the United States fell deeper into the depression...

Good thing we don't tax the use of ellipses.
 
Re: 2012 Presidential Election Part 4

streaker's post highlights the mutually exclusive goals of conservatives in general and Romney in particular. You cannot cut the deficit while incresing defense spending by 2T over 10 years. Its not possible under any realistic scenario. So on the one hand you have a legitimate complaint about spending but on the other a complaint about restraining spending (military in this case). We pulled out of Iraq and Afghanistan (on-going reduction) because there is nothing left for our troops on the ground to accomplish, a fact that tends to continue to elude neo-cons.

Finally, who's talking about tarriffs? Both Germany and Japan, two of the three biggest exporting countries in the world (after China) are huge exporters. They do it without cheap labor costs or punitive tarriffs, so clearly is possible to do so. I also don't believe either would be considered a low tax country.
 
Re: 2012 Presidential Election Part 4

Fascinating look at polling, this one from Virginia.

Pulse Opinion Research is a Rasmussen affiliated outfit showing a 1 point lead for Obama. Okay, so toss up state, right? However, look into the link which details some of the questions they have included as part of the poll. An example :

"Should US taxpayers be supporting a company that brags
about making 70% of its products outside the United States?"

Yikes! And a poll like that still can't show Mittens in the lead? Ooookaaayyyy...


http://www.letfreedomringusa.com/downloads/2012_10_15 - LFR Pulse (Week 3) - VA.pdf
 
Re: 2012 Presidential Election Part 4

Fascinating look at polling, this one from Virginia.

Pulse Opinion Research is a Rasmussen affiliated outfit showing a 1 point lead for Obama. Okay, so toss up state, right? However, look into the link which details some of the questions they have included as part of the poll. An example :

"Should US taxpayers be supporting a company that brags
about making 70% of its products outside the United States?"

Yikes! And a poll like that still can't show Mittens in the lead? Ooookaaayyyy...


http://www.letfreedomringusa.com/downloads/2012_10_15 - LFR Pulse (Week 3) - VA.pdf

That quote was in reference to GM talking to China. GM is bragging about making 70% of its products out of the US and GM is Obama's crown jewel of saving the auto industry.

What it highlights for me is that there isn't a single CEO in this country that cares about the US. The way things sit right now there appears to be zero reason to own and run a business in the US. I highly doubt that's Obama's fault as it has been over 30 years in the making but he'll get blamed for it this election.
 
Re: 2012 Presidential Election Part 4

What it highlights for me is that there isn't a single CEO in this country that cares about the US.

Sure they do. They just need a little bit more money. They want to help, it's just that they pay so much in taxes that there's no money left after the expensive vacation in the private jet, and the $5 million deposit in an off-shore account to hire people.
 
Re: 2012 Presidential Election Part 4

Acting in the national interest, rather than merely self-interest, is an increasingly rare concept in American society. People will give it lip service, but often little more. And this is a problem that is not restricted to one political pursuasion or the other. (Sorry Scooby, but this includes the one who you are the eternal defender of)
 
Re: 2012 Presidential Election Part 4

That quote was in reference to GM talking to China. GM is bragging about making 70% of its products out of the US and GM is Obama's crown jewel of saving the auto industry.

What it highlights for me is that there isn't a single CEO in this country that cares about the US. The way things sit right now there appears to be zero reason to own and run a business in the US. I highly doubt that's Obama's fault as it has been over 30 years in the making but he'll get blamed for it this election.

Not a single one? How do you do your surveying?;)
 
Re: 2012 Presidential Election Part 4

Generally, you are correct, although there are several states that have only one representative....currently, AK, DE, MT, ND, SD, VT, and WY. WY's statewide district might have the fewest voters of any congressional district, not sure about that though.

HI, ID, NH, RI have two districts.

You're quite right.

I should have said, Minnesota as a state does not elect any one representative.

The governors are closer to on point, but I might point out that MA has elected Republican governors in the past, including one Mitt Romney (much as he might want you to forget it).
 
Re: 2012 Presidential Election Part 4

public polling is off the scope. watch where the $$$ is going and where the candidates are going. look for a possible late push in PA for Romney and lots of time and money in OH and CO.
 
Re: 2012 Presidential Election Part 4

Who's increasing taxes on small businesses?

No one, that's who.
Sub-chapter S corporations file taxes using personal income tax forms. They're small companies, generally just a single owner or maybe a husband-wife tandem, and all profits are taxed on the personal marginal tax rate schedule. So increasing the personal rates on people making over $250K will reduce profits that could be used to roll money back into the business to grow it and thus also grow the economy. Unless that company can afford to organize into and LLC or the like, it would go from an MTR of 36% to 39.6% while its larger competitors use the corporate rate at 35%.
 
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