Just got back from a 5 mile race in Buffalo, NY. Had a little trouble with the cold and the 13,000 runners being all over the place. Still good fun.
Anyway, enjoy this day with your families!
UPDATE: I hope everyone had a great Thanksgiving and avoided the Black Friday insanity. Regular blogging will resume on Monday.
Blogs For Victory 
Socialised medical care is a center right policy? LOL You are delusional Thomas. 🙂
Those new epa regulations that are shutting down coal fired power plants are a center right policy? Oh Thomas, you are a real peach.
Tell me Thomas, which of bams supreme court appointees was center right. kagan or the wise latina?
Thomas, the “justice” department is in the habit of suing states that try to enforce immigration laws. Now is that a center or a right policy?
Was signing the repeal of dadt a center or a right policy? You care to answer at all Thomas?
I have a lot more if you want them. 🙂
Tell me Thomas, was raising taxes on the medical device industry a center right policy?
The list can go on and on and on.
Thomas, maybe you could ask these people if this policy is a center right policy. I thought ochimpy cared about people. LOL, That was a dumb statement.
http://www.americanthinker.com/blog/2011/11/157_air_force_majors_terminated_without_retirement_benefits.html
Hey Thomas, here is another one for you. LOL. I got lots more but am getting a bit tired. How about the department of interior when they cut the water off to all those california farmers. Was that a center right policy?
bams told the occupy moms basement crowd that they were the reason he ran for president. One of the occupy crowd down in South Carolina was recently arrested for threatening to kill Niki Haley.
Now the question is, is threatening assassination a center right policy? 😛
Obama’s health care bill is basically the same as the proposed GOP bill from 1993, you know those lefty republicans from 1993
http://www.kaiserhealthnews.org/Graphics/2010/022310-Bill-comparison.aspx
“Socialised medical care is a center right policy?” It is if you consider yourself a fiscal conservative, as single payer would save trillions of dollars in the coming decades.
So according to recently released statistics by the Bureau of Economic Analysis, corporate after tax profits for the quarter ended in October were the highest ever as a percentage of GDP, 10.3%. Since it’s been measured starting in 1929, it has never been as high as even 9% until 2010. Yeah, that Obama administration has been terrible for business.
Meanwhile, corporate tax as a percent of profit is lower than all the previous quarters measured since 1929, except for the first two quarters of 2009. Yeah, that socialist Obama’s policies have actually lowered corporate taxation.
Personal taxes as a percent of total income was estimated at 14.1%, well below the 50-year average of 15.5%. Yeah, that Marxist Obama has obviously increased income redistribution by lowering your taxes. Clever.
So according to recently released statistics by the Bureau of Economic Analysis, corporate after tax profits for the quarter ended in October were the highest ever as a percentage of GDP, 10.3%.
Which begs the question, Watson; why isn’t our economy roaring back to life? There’s a simple explanation.
Meanwhile, corporate tax as a percent of profit is lower than all the previous quarters measured since 1929, except for the first two quarters of 2009. Yeah, that socialist Obama’s policies have actually lowered corporate taxation.
I’ll address the second statement first, because I can’t think of a single Obama economic policy that has had ANY effect on corporate tax rates. The only body that can change corporate tax rates is Congress.
The last chart in this article gives some perspective to the record low tax rate that U.S. corporations are currently paying.
Personal taxes as a percent of total income was estimated at 14.1%, well below the 50-year average of 15.5%.
There are two pretty simple reasons for this: (1) the number of Americans who pay no federal income tax is at an all-time high, and (2) there are a number of deductions that phase out as incomes increase. Many wealthier Americans have seen their incomes decrease back to levels where they’re able to take advantage of deductions that they had lost when their incomes were higher.
Watson,
One additional thought on the corporate tax rate; the top U.S. corporate tax rate has been 35% since 1993. The only thing that’s changed since then are various loopholes that have been instituted by Congress. I would be all for lowering the rates and eliminating many of the loopholes that serve no purpose other than to reward political cronies and attempt to pick winners and losers.
spook, the point is that corporate taxation as a precent of profit is lower than at any time it has been measured. This contradicts the talking points put forth by most of you on this blog. Personal taxes are also very low, which also contradicts the talking points put forth on this blog. With respect to your “simple reason” that personal taxation is lower than the historic norm, you leave out the fact that the Obama administration has supported and got enacted tax cuts on top of the Bush tax cuts that did not expire as planned. But of course, that contradicts the talking points put forth on this blog, so you don’t go there. Instead, blame it on poor people not paying any federal income taxes.
The article you cite that offers a “simple explanation” for historically high corporate profits says, “Corporations have been getting away with paying less and expecting more. Either take the job, or don’t – because with the employment crisis, someone else will. Furthermore, there has been a big push by these corporations to cut their bottom line costs.”
Sounds like capitalism at work to me. If President Obama was truly a Marxist, socialist, whatever-ist with uber-powers like most of you claim, then I’d think he’d put a stop to this.
spook, the point is that corporate taxation as a precent of profit is lower than at any time it has been measured. This contradicts the talking points put forth by most of you on this blog.
The only talking point I’ve seen on the issue of corporate tax rates is that the U.S. has the highest or 2nd highest top corporate tax rate in the developed world. That is a fact. Now it’s also a fact that American C Corporations pay an effective rate in a range from over +30% to -57%, all as a result of tax laws passed by Congress. How is that fair or just? It’s crony capitalism at its worst.
you leave out the fact that the Obama administration has supported and got enacted tax cuts on top of the Bush tax cuts that did not expire as planned.
Talk about selective reasoning. The Dems had huge majorities (70+ seats in the House and 8-10 in the Senate, and still couldn’t (wouldn’t) sunset the Bush tax cuts late last year. Even Obama said last December that raising taxes at that time would cost at least a million jobs. OTOH, Obama’s tax cuts that were part of the stimulus did expire after 2 years and had zero effect on the economy or unemployment. Same for the temporary reduction in the payroll tax passed earlier this year. Well, actually that’s not true; the payroll tax reduction did have the effect of increasing the debt and hastening the demise of Social Security.
Spook, let’s also not forget the fact that obAMATEUR raised taxes on tobacco and alcohol, which disproportionately hits the poor plus the other tax increases for his health care plan that were put into effect long before the plan is supposed to start.
The article you cite that offers a “simple explanation” for historically high corporate profits says, “Corporations have been getting away with paying less and expecting more. Either take the job, or don’t – because with the employment crisis, someone else will. Furthermore, there has been a big push by these corporations to cut their bottom line costs.”
And your point is?
I don’t have much of an argument with you, spook. You weren’t the one posting simplest talking points on this thread, so perhaps it might have occurred to you that I wasn’t referring to you. I was talking about things like “The primary reason employers are not hiring is because of the uncertainty of regulations and taxes.”
Um, no. They’re not hiring because they can create record profits by “getting away with paying less and expecting more,” as the article you cited tells us. Capitalism at work. Obviously cluster and others are misguided when they blame socialism and Marxism, as if they even know why those are. Capitalism is doing what it does.
Watson,
As a potential small business owner and possible employer I cannot construct a solid business plan to take to any financier even though I have had two successful businesses in the past. Variables to the current extent are not favored. I have included one link in this post and one in the next (to get around WordPress) for some enlightenment.
Adam Smith vs. Obama: Profits and Government Regulations
“…for purposes of fairness…pay as you go”
???????????????WTF
http://motorcitytimes.com/mct/2011/11/adam-smith-vs-obama-profits-and-government-regulations/
Today’s A Is A Lesson: Ladd Ehlinger Schools The Ignorant On The Left And The Right
Sheldon Richman’s explanation has to be one of the most concise I have read but a great deal of thanks is due to the works of this blogger and Ladd Ehlinger
http://thecampofthesaints.org/2011/11/26/todays-a-is-a-lesson-ladd-ehlinger-schools-the-ignorant-on-the-left-and-the-right/
Facts have a liberal bias. “If I go listening to facts I can’t scream marxist socialist atheist muslim usurper commie!!!” If Obama were a big ole leftist he would have tried to pass single payer and we would all be better off. It wouldn’t have passed because of obstruction so I give him a little bit of a pass on basically proposing a republican plan.
http://www.pnhp.org/facts/single_payer_system_cost.php?page=all
If Obama were a big ole leftist he would have tried to pass single payer and we would all be better off. – bloody
Can you please expand on this for us? Tell us how our quality of lives will improve when big government controls health care, both from a financial perspective and access to care perspective. I have noticed that your link doesn’t address either of these issues in detail, it simply assumes that costs will go down, but that has not been proven true in other countries that do have universal care. We currently have public health care programs in Medicare and Medicaid, both of which are in dire financial trouble, with many doctors opting out – so please let us know how this dynamic will change if we roll out these programs to everyone.
Stumpy, you are walking all over your stupid talking points.
First you say “If Obama were a big ole leftist he would have tried to pass single payer and we would all be better off.” Of course, this is true only if you add a few words: “If Obama were a big ole really really stupid leftist he would have tried to pass single payer. immediately, instead of setting up a plan where insurance companies would fold, making single payer the only choice .” .
But then you respond to your own comment with: It wouldn’t have passed because of obstruction so I give him a little bit of a pass on basically proposing a republican plan.”
Having a strategy for forcing your agenda without depending on people to vote for it is hardly the same thing as not having that agenda at all.
Too bad you are so abysmally ignorant of the system you appear to support through your knee-pad devotion to All That Is Obama and your incessant attacks on what you seem to think represents conservatism. If you had any knowledge at all of Leftism, its history and its tactics, you would have recognized this right away.
Though you could have recognized it and still made your stupid comment, as you seem to think that such ridiculous exaggerations and so on are the stuff of political commentary.
How’s about discussing actual political goals for a change?
I am assured you understand how we got a great many of the “deals” of the Big Society when Dems threaten to expand and seat enough “progressive” justices on the Supreme Court (from 9 to 15 IIRC) in order for it to be ratified. Nothing to see here, Move along.
DB,
Great links above.
Someone says Facts have a liberal bias
Baaaaaaahahahahaha!!! ha ha ha ha!!!!
That is sooo funny!!!!
sad but true