Remember that Brazilian oil deal that was going to provide cheap oil to us?

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S. Lindsey
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Well no not really...

This administration gave $500 Million dollars to Brazil which actually was $2 Billion for deep well drilling all the while curtailing production in the Gulf after
the Spill.... REMEMBER?

The justification for this was of course we, meaning the USA, was going to be first in line for that oil once it goes to Market.

Enter the Chinese.

Last week it was announced that Brazil and China had inked a deal for oil sales, big oil sales. Oil that was supposed to come to us..
Oil that we (taxpayers) helped to pay for. Oil that we need to help our economy recover.

So it is real interesting why the President killed the Keystone project at the same time.

So let me get this straight. Obama orchestrated a $500 Million to a $2 Billion dollar subsidy for Brazilian oil and like Solyndra it goes belly-up sending that oil to China at the
same time kills the deal for Canadian Oil thus guaranteeing that oil also goes to China.

Who the heck is this guy... The Premier of China?

S. Lindsey
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Oh now I remember why.. George Soros

owns a big part of Petrobras the State Controlled Oil Company that we that is the US Taxpayers GAVE $2 Billion dollars to so we can stand in line and plead for more please.

Now I know that Soros name from somewhere... I just can't remember exactly where.

Must be one of those Billionaire Oil Barons that Obama was talking about.

grizz
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S. Lindsey

What do you expect? Obama and his administration are as corrupt as the day is long. You will never see this story in the main stream press- They are his main cheerleaders and this would make him look bad.

JeffC
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What junk SL

Neither Obama nor the US gave Brazil 500 million or $2 billion or squat. The U.S. Export-Import Bank loaned Petrobras the money, which is what the Ex/Im Bank does.

S. Lindsey
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Ok I know Jeff Obama didn't write the check

President's never do and you know that. Duh.

The Export Import Bank is a government run bank. It made a preliminary commitment to offer Petrobras $2 billion in April 2009. What that means is, Petrobras could take out a loan from the Bank and use that money not to enrich Soros or shareholders, per se, but to enrich US companies in the energy space, mainly businesses in the oil, natural gas, and oil rig space. The money would in fact come back to the US and, hopefully, even create jobs due to demand for goods and services from Petrobras, one of the biggest oil companies in the Americas."

What part of Government owned don't you understand?

This from the Wall Street Journal..

Obama Underwrites Offshore Drilling

You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.

The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.
http://online.wsj.com/article/SB1000142405297020386320457434661012052416...

Apparently all of the Obama apoligest didn't get the memo...

JeffC
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A complete distortion SL

You've completely distorted a normal Ex-Im Bank loan and claimed that Obama gave Brazil and/or Petrobras $2 billion. That's completely fabricated.

S. Lindsey wrote:

This administration gave $500 Million dollars to Brazil which actually was $2 Billion for deep well drilling all the while curtailing production in the Gulf after the Spill

No it did not. No money was "given" to anybody. The Ex-Im Bank made a loan.

S. Lindsey wrote:

Oil that we (taxpayers) helped to pay for.

We did not help them pay for anything at all. Petrobras got a loan that they pay back with interest. The Ex-Im Bank is not a charity organization. Ex-Im is making a profit from a loan.

S. Lindsey wrote:

So let me get this straight. Obama orchestrated a $500 Million to a $2 Billion dollar subsidy for Brazilian oil...

No, you still have not got it straight. There is no subsidy of any kind whatsoever.

S. Lindsey wrote:

What part of Government owned don't you understand?

I believe I understand the Ex-Im Bank.

What part of loan don't you understand?

Gort
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Just more sour grapes! SLindsey is still sore

the GOP couldn’t bargain a pipeline for his, (Lord, masters, and benefactors of the Teaparty,) the Koch Brothers, in time for Christmas.

Easter doesn’t look good either, does it?

I like watching him have his little tantrum.

S. Lindsey
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So you are going to argue semantics Jeff?

You know Jeff if Bush had of done this deal you would be, if not first almost first, in line to say it was all for Halliburton.

Do you really believe The President was not consulted and did not approve the "loan"? You know like those "loans" to Solyndra and GM Jeff?

Is it just coincidental that the Billionaire Obama supporter George Soros bought stock in Petrobras literally a month before this "loan" was approved after he dumped stock in them to drive the price down?

"Billionaire investment manager George Soros built on his position in Brazilian oil and gas company Petrobras in the first quarter of 2011 for his Soros Fund Management firm, according to the guru watchers over at Guru Focus.com on May 17. He now owns 1.1 million shares of Brazil’s state owned oil company."
Quiet a coincidence was it not?

Did not the Keystone cancellation help Soros as well? How exactly did that help the Middle Class Jeff?

Jeff you are not this stupid. Stop being the President's apologetic ideologue and open your eyes.

It's not just about ideology. It is about poor judgement and what is wrong for this Country.

btw- Jeff I noticed you left out James Jones you know the National Security adviser. When did he become part of the EX-IM bank Jeff? Oh no Jeff Obama had nothing to do with it.

ptc87
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Energy prices

Meanwhile in the real world this is happening- http://www.ft.com/cms/s/0/c6a7dd66-42af-11e1-93ea-00144feab49a.html#axzz...
We are exporting LNG and gasoline. Even if we produce more oil our prices will still go up. Tax subsidized oil companies are not patriotic. Profit is their only loyalty.

S. Lindsey
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ptc87 what subsidies are they receiving?

http://www.washingtontimes.com/news/2011/dec/7/debunking-the-big-oil-sub...

"U.S. energy companies, specifically those in the oil business, are eligible for the same tax treatment as other U.S. industries."

Would oil flowing into the USA help or hurt us..?

Would oil flowing into China help or hurt China..?

Gort
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Oil companies and all companies

should be paying the same income tax rates I’m subject to pay. After all, corporations are people, right?

Cyclist
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After all, corporations are people, right?

It's all about the tax code and who controls it. Judging by the money spent by special interests groups to support elected officials - both Dems and Repubs - I seriously doubt that they would make changes that will affect the overall status quo.

Gort
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Cyclist, okay, you’re right, special interests control the tax

code through Dem and Rep proxies. So why don’t you rage against special interest?

The people representing the special interest work on K Street, not 1600 Pennsylvania Avenue, or the other side of the aisle in the US House and Senate.

PTC Observer
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Hi Gort - Is

your "eye" defective?

The people representing the special interests are a bipartisan group. They reside in Washington DC including the White House. Don't you know where your President came from.....Chicago, remember?

Those guys from Chicago are teaching the special interest amateurs in DC what special interests are all about.

Gort
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PTC_0, Sorry buddy, but I just don’t buy the argument

that Washington politics began when President Obama took office.

Besides that guy from Chicago was smart enough to know that he couldn’t stand by, with his hands in his pockets, while the American Auto Industry collapsed and would take much of the US manufacturing base with it.

BTW, my eye is doing just fine, thank you.

S. Lindsey
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Have you been to Detroit?

It is a slum/Ghost town. So exactly what had Obama done to revitalize the Auto industry?

Snow Bunny
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You don't understand

To someone like Gort, Democrats can do no wrong and the Republicans are to blame for everything that goes wrong in this world. Mitt Romney is to blame because my husband forgot to pick up milk last evening. Newt is the blame because my kid forgot to take her lunch this morning & we can thank Lynn Westmoreland for this gloomy day.
I expect you will get the standard Gort avoidance response of, "what has Westmoreland done to clean up Grantville". Obama is a miserable failure and hopefully America has learned from their mistake and he won't be re-elected. I'm kind of surprised he would want a second term as he can make more money giving lectures and writing books about how he screwed this country over..

Gort
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Snow Bunny, welcome back from your Christmas in ‘Vegas.

I hope the dice rolled your way. Anyway, it’s always nice to hear the perspective of a refugee from the old Soviet Block.

No cleanup effort in Grantville yet. It still looks like a mini sister city of Chernobyl.

Gort
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SLindsey, have you ever been to Grantville?

Pointing the finger at Detroit doesn’t make us look any better.

I do wonder, where did all those people that used to live in Detroit move to?

PTC Observer
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Gort - Did

Did I say that? Don't think so. I think I said that Mr. Obama is teaching the amateur crooks in DC a lesson or two.

I know everyone is praising the resurgence of the US Auto industry and GM, Chrysler, etc. But do you know why GM is doing so well? It went belly up.

It cut 20,000 jobs and closed 18 factories. Now where do you think the sales of new cars are coming from? China. China loves Buicks.....just go there and see. Want to know where they are made? China. In order for the US Government to get all the money back the stock will have to double from it's close today. You know what? If it sold its holdings in GM, you know where the stock would go? Down. So, while your celebrating the "rebirth" of the auto industry, remember this. GM is not a car company, it is a benefits company that just happens to make cars. WE will never get the money back Gort. That's a financial fact. Just like we will never pay off the US debt, that's a fact too.

Please adjust your eye beam.

Gort
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PTC_0, you sound so gloomy?

I know how much you enjoy seeing men out work and their families struggling. Their extended misery snatched from the jaws of the ‘invisible hand of the free market’ by the nasty old ‘gov’ment.’

I’m still glad that all the people working for GM, and the parts plants that supports them, have jobs and earning a living.

PTC Observer
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Gort - Why

Why I thought the only liberal on here that put words in my mouth was Ninja.

I am beginning to wonder about you Gort.

I don't at all enjoy seeing anyone out of work. The only question I have is if the government puts people back to work through spending, then why do we have any unemployment? It would seem using the liberal logic that if we simply spend enough (debt) then all ills will be solved. I think history teaches us a different lesson. In fact, it teaches us that government spending (debt) leads to some pretty bad things.....war.

Nothing like war to get everyone behind statism Gort.

Gort
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PTC_0, oh no, everyone likes to put words

in other peoples mouths on “The Citizen.” It’s just part of the fun. Our friend Ninja is slowly becoming the “Conan of Collard’s,” eh? An interesting choice of weapons yet somehow he pulls it off.

I’m still glad that all the people working for GM, and the parts plants that supports them, have jobs and earning a living.

Now, about the national debt and war: The Bush Tax cuts expire at the end of this year, the Afghan war is winding down, and if the economy continues to grow the deficit spending will eventually stop.

Now if we can just get rid of those pesky Teaparty Republican, some real progress can be made.

PTC Observer
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Liberal Dreams - Gort

1. Jobs were "created" by government policy, go look at the content of those GM cars and look at where jobs were lost and gained at GM. Look at where their profits are generated. I too am glad that the Americans working for GM have jobs, but there would be many more jobs in America if we didn't pay for union benefits in every car we buy in the US made by Union labor. As I said earlier the benefit of a few at the expense of the many. BTW, unions have never, I repeat, never saved jobs, net, net they cost jobs in America.

2. Ending wars and reducing defense spending can certainly help in reducing the rate of deficit spending, but it won't reduce the debt. Raising taxes will likewise help reduce increases in the rate of spending, but they won't reduce the debt. Why because no matter how much taxes are collected, the government spends it faster than it comes in. The only way to actually reduce the debt is to reduce the size and scope of government. If it's not there then it can't spend money we don't have.

3. The economy is still not growing enough to make a difference in unemployment or the debt reduction, it would have to BOOM big to do either one. This simply is not going to happen, it is a dream. Why? Capital formation in the form of risk taking, the returns outside the US are much more attractive long term to investors than within the US.

4. The tea party has disappeared completely.....a dream. Watch the Congressional elections in 2012.

Seems that Ninja's collards comments have struck a nerve with some on this board. So much for the depth of his arguments. I suppose his tastes run more toward his solid Germanic roots of Eisbein and sauerkraut.

grizz
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PTC Observer

You forgot to mention the presidents budget. If Obama's budget is so great, why won't the democrat leadership in the Senate vote on it?

PTC Observer
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Grizz - They

They most certainly would vote for it, if they weren't afraid of facing re-election.

It is simply a trade off based on Congressional and Senatorial profiles, if the district or state is prone to being dependent on government, it will get a positive vote from that Congressperson/Senator.

That's why we have gerrymandering of Congressional districts. Those with a propensity to government support band together to get it. It was never envisioned by the founders that Congressional districts would be hundreds of miles long and at points a half a mile wide. Congressional districts, as envisioned, were small areas where neighbors and those with common interests could discuss what their Congressman was doing or not doing to serve their interests. In the beginning of the Republic, "interests" were scoped on how are they were protecting our freedoms and keeping government out of our lives. Today, I am afraid the population "wants their fair share" of government largess.

Sorry, I know your question was rhetorical.

Gort
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Grizz, don’t rush things,

Grizz, don’t rush things, the’ll take care of it during President Obama’s second term.

Gort
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PTC_0, I’m still glad that

PTC_0, I’m still glad that all the people working for GM, and the parts plants that supports them, have jobs and earning a living.

Cyclist
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Gort - Those "pesky" teaparty...

folks will never go away as long as there are those that believe the "guv" is the remedy for all their problems.

Gort
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Cyclist, out of office is

Cyclist, out of office is good enough. I too would hate to see them go away. All our lives are a little richer for Teaparty moments such as this.

http://www.youtube.com/watch?v=uxJyPsmEask

S. Lindsey
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Gort you want fairness?

Lobby your side for a Flat Tax or even a Fair Tax.

Either would be better then what we have. But that will never happen, after all it's called a Progressive Tax plan for a reason.

It was after all the very same Politicians that gave these Corporations those tax breaks that are now ranting about tax breaks for Corporations.

Gort
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SLindsey, I didn’t say I wanted fairness.

What I said was oil companies, and all companies, should be paying the same income tax rates I’m subject to pay.

All income should be treated as ordinary income. None of this income from capital gains vs. ordinary income bull crap. Income is income, end of story.

This is what I think of the Flat Tax and Fair Tax. Two disgusting fairy tails from the right that stacks the deck against working people for the benefit of the rich.

PTC Observer
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Gort - Isn't

taxing all income the same rate, the core tenet of the "Fair Tax" doctrine?

Gort
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PTC_0, so say the promoters

of the Fair Tax, I say the Fair Tax will increase the tax burden on people that work for a living.

Joe Kawfi
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Correct Gort

It would cause the 48% of working American's that pay no Federal Income Tax to finally have some "skin in the game" and "pay their fair share".

You bedwetting libs are all about fairness, aren't you?

Gort
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Hey Joe, we feel your pain,

that’s why it’s so important to pass Card Check during President Obama’s second term.

Once Card Check passes, all those low wage earners will be making enough money to pay taxes, buy a home, maybe a new car, braces for their children’s teeth…

Thanks for reminding me, I almost forgot about that.

S. Lindsey
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Well Gort you are not a Corporation now are you?

I am sure Dupont or Monsanto would love to pay your tax rate. On average Corporations pay 35% of NET not EBITDA profits. What is your effective tax rate? I bet it no where near 35% after deductions.

But you do know that Corporations really do not pay taxes don't you?

Gort
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SLindsey, it really doesn’t

SLindsey, it really doesn’t matter if I’m a corporation or not does it? Corporations are people.

Some corporations pay taxes, it’s the ones that don’t I got a beef with. They should pay the same rates I’m subjected to.

My other complaint is, all income should be treated as ordinary income. None of this income from capital gains vs. ordinary income bull crap. Income is income, end of story.

S. Lindsey
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Gort can you name me any Corps that DO NOT pay taxes?

Just wondering. When are you going out to AT&T with the rest of the Occupy crowd?

JeffC
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Corporations that pay no income tax

Here are a few of the companies that do not pay income tax: GE, PG&E, Verizon, Wells Fargo, American Electric Power, Pepco, Computer Sciences, Centerpoint Energy, NiSource, Duke Energy, Boeing, NextEra Energy, Consolidated Edison, Paccar, Integrys Energy, Wisconsin Energy, DuPont, Baxter International, Tenet Healthcare, Ryder System, El Paso, Honeywell, CMS, Con-way, Navistar, DTE Energy, Interpublic Group, Mattel, Corning, and FedEx.

They paid no 2008 or 2009 or 2010 income tax on $164 billion in profits. In fact, they got over $10 billion in income tax rebates.

Meanwhile, they spent $475 million lobbying. A little over $400,000 a day.

Corporate Income Tax

PTC Observer
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Jeff C - Pondering

Some questions to ponder Jeff:

1) What do you think is the long term goal corporations are attempting to achieve?
2) Why?
3) Is there a law that they should be headquartered in the United States?
4) Are we not satisfied that we are losing jobs to Asia and we need to lose home based corporations to areas of the world that have lower tax rates?
5) What makes you think that this won't happen?
6) Have any of these corporations broken the tax law by avoiding taxes?
7) So, who's at fault here Jeff? The corporations or the guys that write the tax laws that pander to the corporations? You seem to suggest that $400,000 a day buys you $10 billion in rebates, if this is so, then who's corrupt in this transaction? The corporations? The government politicians?

Takes two to tango Jeff.

JeffC
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What's to ponder PTCO

Corporations exist to make profits. What's your point? That as long as they bribe Congress fair and square, then the tax exemptions they bribe politicians for are above questioning?

Is there any conceivable reason that these huge corporations with $164 billion in profits do not pay income tax?

The whole system is corrupt.

Ninja Guy
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System Not Flawed, Constitution Is!

PTCO's beloved US Constitution is the culprit! A tragically flawed document it is! We need to take the power to write tax laws and pass spending bills out of the hands of elected officials and hand this important task over to an appointed board of non-collard-eating professors and other smart people like the Fed operates under! We will never be truly free until the flaws in the Constitution are removed!

Give me Collards, or Give Me Death!

PTC Observer
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JeffC - So

So, I guess you don't know the answers?

Corporations do not exist to make profits, they exist to provide a return on invested capital to their shareholders (investors). You know like teacher pension funds, union pension funds, and your funds (assuming you have funds).

So, what's my point? Well I guess that's it.

Nope, I didn't say that I thought it was right that they could bribe Congress. However, the moment government decides that it needs to arbitrate the market, then that's when bribery becomes possible. If government stayed out of the market, then it would be impossible to bribe it. So Jeff you can't have it both ways. Either accept that corruption is part of the system or eliminate the cause of the corruption.

Now I know you're going to say that government must be in the market, but I would suggest to you that corruption and government involvement are proportional. Less government in the market, less corruption.

Yes, you're correct the whole system is corrupt. So, what's next Jeff? More regulations, laws, and other government involvement? Well then get ready for more corruption.

Joe Kawfi
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Jimmy Carter and the Occu-tards

Ex-President Carter says Occupy movement successful in putting wealth disparity on agenda

Not to mention feces on cop cars...

And hey - weren't there a bunch of rapes and robberies reported at the Occulibber-tard events that Obama and Jimmah are crowing about? Hey Jimmy - It's not governments responsibility to address wealth disparity. As much as you would like it to be, America is not a socialist country.
What a prepuce.

S. Lindsey
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Thank you Jeff

There are indeed Corps that do not have an effective tax rate. I noticed GE was first on your list. They made $14.2 Billion in profits but since most of the profits were off-shore they paid no tax.

Jeffrey Immelt the CEO of GE sits on President Obama's Economic adviser panel and is often seen at the Whitehouse.

Corporatism at it's finest.

Gort
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SLindsey, are you suggesting

SLindsey, are you suggesting one thing has something to do with the other?

S. Lindsey
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Corporatism Gort

Look it up...
Something you should know about if you are going to be a good little occupier.

The fact that the top tier of Corporations are loaded down with Tax breaks was and is my point.

Just like the 47-50% of Americans which have no effective tax rate it is in the interest of Politicians to maintain a dependent group of Corporations that pour money into DC.

You have a myopic (one eyed?) view that it's only one Party that accepts these funds. You see Gort, you, Jeff, DM and a couple of others truly believe your ideological side is pure and don't do the very same thing you consistently accuse the Repubs of doing.

Of course you are wrong.

Answer this one question. Why is it that almost EVERY member of Congress if they were not a Millionaire when they went in comes out as one?

The average salary is around $174k but yet if you look at the tax returns each member makes as much as 2-5 Million per YEAR.

HOW?

How did Boxer earn her Millions?
Reid, Pelosi or Waters how did they make Millions?

You see Gort ole buddy they all go up to the polluted Potomac crawl into the swamp and thrive.

Remove that one-eyed helmet and you might begin to see the truth.

Gort
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S.Lindsey, actually you’re the only person

I know that’s ever been to an Occupy protest.

To someone like me, that works a job for a living, $174k is a pretty big deal. I could live on third of that, invest the rest, and it doesn’t take very many years before that starts turning into a serious fortune, by my standards anyway. Discretionary income is the mother’s milk of capital accumulation. Don’t you agree?

Not quite sure what to make of the rest of your argument. Are you saying Democratic politicians make money any differently than Republican’s? Republican politicians are more virtuous than the Democratic politicians? Ha-ha-ha-ha!

BTW, did you get to hang out with Newt at the Hangar yesterday?
BTW2, I can see just fine, thank you. The beam of light coming from my helmet is to show you the way in the dark! 8 - )

Cyclist
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JeffC - Companies that do not pay taxes....

President Obama - During his recent tax payer subsidize trip to Boeing.

Source: VOA

The president says Congress should reform the tax code and reward manufacturers keeping jobs at home.

During Saturday's weekly address from a Boeing manufacturing plant in Seattle, Washington, Obama hailed the company for hiring workers inside the United States.

"Companies like Boeing are realizing that even when we can't make things cheaper than China, we can make things better. That's how we're going to compete globally," he said.

He also says larger tax breaks should be available to firms creating high tech manufacturing jobs.

I don't seem to think he is too concerned about corporate taxes and their so called fair share.

S. Lindsey
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Don't forget this one...

“We want to work with you. We want to help with technology and support to develop these oil reserves safely, and, when you’re ready to start selling, we want to be one of your best customers.” President Obama in Brazil March 2011....

Just before Brazil inked a deal with China. They didn't believe him either.

JeffC
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You are a conspiracy nut SL

Please forgive this overly long missive but you are trapped in a conspiracy theory.

Where to begin? At the beginning I suppose...

S. Lindsey wrote:

You know Jeff if Bush had of done this deal you would be, if not first almost first, in line to say it was all for Halliburton.

The approval for the loan was done on April 14, 2009, before any Obama appointees joined the bank. All of the board members were appointed by Bush. The Chairman and CEO was a Bush appointee. The vote to approve was unanimous.

Obama's choice for Ex-Im Chairman and CEO, Fred Hochberg, was not even nominated until months after the loan was approved.

S. Lindsey wrote:

Is it just coincidental that the Billionaire Obama supporter George Soros bought stock in Petrobras literally a month before this "loan" was approved after he dumped stock in them to drive the price down?

Uh, so what? Soros Fund Management LLC bought or sold Petrobras stock every month but there is zero evidence that he was dumping stock before April, 2009. His fund was buying. By April, 2009, his fund owned 37 million shares. He sold 5 million shares in May and another 22 million shares in Aug. 2009.

And most importantly, let's not forget that the loan was approved while the Bush people held every position. The Chairman and CEO of the Bank and all of the Board of Directors were all Bush appointees at the time that this loan was approved. There is no way these people were approving this loan to pay off Soros,

S. Lindsey wrote:

"Billionaire investment manager George Soros built on his position in Brazilian oil and gas company Petrobras in the first quarter of 2011 for his Soros Fund Management firm, according to the guru watchers over at Guru Focus.com on May 17. He now owns 1.1 million shares of Brazil’s state owned oil company."
Quiet a coincidence was it not?

I have no idea what coincidence you might be referring to. Soros has a 1.1 million share stake again. What is the relevance? He owned 37 million shares in 2009; so now that he bought 1.1 million is somehow sinister how?

What is your objection here? That the Ex-Im Bank loaned money to Petrobras? That Obama did the loan as a political payback to Soros even though it was the Bush people who approved it? That Soros is involved buying stock for his hedge-fund?

S. Lindsey wrote:

Jeff you are not this stupid. Stop being the President's apologetic ideologue and open your eyes.

I see no apologizing. Where is any type of apology? I'm just stating some facts about the loan. The rest of your statement has me chagrined. I appreciate your recognizing that I am not stupid while at the same time I must admit that I still don't know as to what I need to open my eyes to see?

From your point of view, George Soros sold supposedly millions of shares of stock (although you didn't say how much but you said he dumped enough stock to drive the price down) at a time when he was buying and accumulating 37 million shares. After this selloff manipulation by Soros to drive the price down before the loan in April, what did Soros do? Buy at the reduce price he had manipulated? No! In reality, he then sold 5 million shares in May:

Soros Fund Cuts Petrobras Stake

So he was driving the price down why?

Anyway, your conspiracy theory claims that Obama then somehow colluded with the Ex-Im Bank Bush appointees to approve the loan so that Soros could profit supposedly as a payoff for political services rendered by Soros by virtue of his support for the Democratic Party. Besides the fact that the Bush people were not about to make a payoff to Soros in their last two or three months at the bank, the argument presupposes that the loan was somehow controversial with stock fortunes hanging in the balance. It was not. It was a fully collateralized loan to the state owned oil company of Brazil. There was never any question as to whether it would go through.

From my point of view, the Ex-Im Bank made a routine loan. They would happily loan Petrobras another $2 billion tomorrow if they asked for it.

Take the red pill, SL.

Joe Kawfi
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Federal funds flow to clean-energy firms with Obama admin ties

The Obama sdministration is corrupt as the day is long.....

Looking forward to the lying crook Obama and his inept side-kick Biden being voted out of office in November.

Federal funds flow to clean-energy firms with Obama administration ties

To believe those quiet conversations don’t happen in the hallways — about a project being in a certain congressman’s district or being associated with a significant presidential donor, is naive,” said Gold, who once worked at the Office of Management and Budget. “When you’re putting this kind of pressure on an organization to make decisions on very big dollars, there’s increased likelihood that political connections will influence things.”

S. Lindsey
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But why Jeff.... why?

When at a time this Administration was pontificating ponderously about Oil Companies and subsidies did they orchestrate this loan that many if not most would call a subsidy for Petrobras even though they had themselves made record profits and a "loan" was not needed and obviously not wanted?

As for Soros he dumped his stocks to drive the price down then bought again once the price had reached the basement. Once this "loan" package was announced viola his holdings dramatically increased. The Wealthy just got wealthier.

Now you would say it was just good business practices. Others would say it was payback from the Administration for services rendered.

And Jeff WHY... Why did Obama kill the Keystone deal? Again Soros benefited. The Middle Class did not.. USA did not benefit. So who did? Soros that's who.. I guess that was just once again another one of your "so what" coincidences?

I took the RED pill Jeff and got out of the Matrix long ago.. That is why I see a heck of a lot more clearly then you do. Ideology does not blind me.

S. Lindsey
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Remember this...

http://abcnews.go.com/Business/gas-hit-dollars-gallon/story?id=15574151#...

When Gas goes over $4.00 a gallon this summer.. Cheaper fuel could have been had IF the Keystone pipeline had of gone through.

"What would lower U.S. gas prices, he says, is the ability to pipe crude from newly discovered fields in North Dakota to refineries on the Gulf of Mexico, home to 40 percent of U.S. refining capacity. That increase in domestic gasoline production would lessen U.S. dependency on more expensive imported fuel. By the end of this year, North Dakota will be producing more oil than Alaska. But the pipeline, for now, remains, he says, "a political football."

Cyclist
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Keystone and the President

Here's another fine mess he's getting us into.

S. Lindsey
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But...but Cyclist his record

clearly indicates he has done a tremendous job. He has fixed the Economy, secured our future energy needs and made sure Business can expand to keep that economic ball rolling... Huh.. What?

Oh he hasn't done any of that? Oh well.... Not what I heard.

Apparently Warren Buffet needed a handout uhh...hand up..

"Warren Buffett, whom President Obama likes to cite as a fair-minded billionaire while arguing for higher taxes on the wealthy, stands to benefit from the president’s decision to reject the Keystone XL oil pipeline permit.

Mr. Buffett’s Berkshire Hathaway Inc. owns Burlington Northern Santa Fe LLC, which is among the railroads that would transport oil produced in western Canada if the pipeline isn’t built."

http://www.washingtontimes.com/news/2012/jan/24/buffett-would-profit-key...

If he is re-elected we are screwed....

Dondol
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S. Lindsey - If he is re-elected we are screwed....

After 3 years I so sore that I'm buying stock in Preparation-H, seems its the only thing to take the sting out!

AtHomeGym
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Cyclist & Keystone

And don't forget, we are EXporting more refined crude (including gasoline and jet fuel) than ever before but still IMporting refined crude! Really smart, huh? Surely lining someone's pockets, including marine shipping industry, whose tankers are doing big business!

Cyclist
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Hey Gym - Keystone

I know it stings but the reality is that the world runs on oil and under the current scheme it's private companies that invest capital to find, extract, refine and delivers the finished product to consumers. I'll let others argue about profits. (I'm not in the mood tonight).

Now some ramblings. We are now faced with a worrisome outcome that has been in the making for sometime now. It appears that in the near future; Iran, Israel, and perhaps a few other players are going to go toe-to-toe. Hopefully those wacky mullahs and their 12th century theology will be delivered to their special paradise without too much disruption in the world's supply of the black stuff.

Oh, about the Jet A stuff; those company buses consume just over 10 million gallons.................. a day.

PTC Observer
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But Cyclist, didn't

you know you can create a whole new source of energy by passing laws and restricting output for inexpensive energy. Why we can change the entire energy system that has been created over a hundred years by doing this.

It's called Hope and Change and it lines the pockets of a few at the expense of the many. All we have to do is make them all believe that we are "saving the world" from destruction. Sheepel will believe anything we tell them if we repeat it often enough and with enough conviction......even if it's the Big Lie.

You do know there is government research into developing a solar plane don't you?

http://www.msnbc.msn.com/id/38142746/ns/us_news-environment/t/solar-plan...

A real practical solution to using those 10 million gallons of JetA fuel, we just have to make it really, really big to take some passengers up. Let's say 2.

Enjoy your posts Cyclist.

Cyclist
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Good gawd PTC Observer

Please don't throw that hope and change crap around. I'm not in the mood. :-)

Cyclist
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PTC Observer

It looks like another coffee gathering is in the planning stages. If you're in town come on by.

PTC Observer
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Cyc!list - When and

where?

I'll bring the collards in my Malibu and make Ninja happy. Ninja will be there right?

Ninja Guy
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PTCO, I've Already Said

that I will not attend any of the gatherings as it would reduce my ability to wield the sharp sword of truth against nonsense and illogical thinking! I applaud you for intending to show up in person! Better leave the moonshine, drugs, underage streetwalkers, plutonium dust, and other government-controlled items at home though!

I think Keven Anderson (whoever he is) said it best when he said:

“The bottom line is that blogging is like collards. You can’t fake it. You can’t fake passion. You can’t fake wanting to engage with the public. If you do, it will ultimately be an unsatisfying experience for both the blogger and their readers.”

S. Lindsey
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Coming soon to a gas pump near you...

"The Oil Price Information Service predicts that gasoline could peak at $4.25 a gallon by the end of April. That would top the record of $4.11 in July 2008.

The national average for gasoline began the year at $3.28 a gallon. The average price for February so far is $3.49 a gallon. That's up from $3.17 a gallon last February, a record at the time. Back in 2007, before the recession hit, the average for February was $2.25 a gallon."

Just exactly where are all those Democrats that shed tears over the burden placed on the "Middle Class" from high gas prices and 6% unemployment.

Cue.... Crickets chirping.....

Cyclist
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S. Lindsey

Isn't that when all the Obama types get into a circle and chant hope and change.

Oh, and lets not forget about little Maxine Wa Wa. Perhaps she'll make another spectacle of herself proclaiming she's going to socialize - err she really meant "nationalize" - those evil oil companies.

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