Monday, August 04, 2008
Lopez-Obrador must be giving "class warfare" lessons to the Dems!
Wonder what Pres. Kennedy or Truman are saying about this bunch called "Democrats"? They certainly have little in common with what they used to call the Dem party.
I didn't vote for Pres. Clinton. However, I give him credit for having the good sense to push a free trade agenda that understood that we don't live in the 1950s anymore. We live in a globalized economy where companies compete for labor and capital across borders.
Sadly, today's Dems are nothing but "class warfare" merchants and demagogues.
Tax the rich, tax the rich!
When did Mexico's leftist Lopez-Obrador become an honorary member of Obama's party? Did you know that the PRD and the Dems have become "comrades" in the pursuit of economic justice?
Let's take Obama's idiotic and despicable calls for a "windfall profit tax".
What's a windfall profit tax anyway?
Why does it only apply to oil companies?
Why not apply it to Microsoft or McDonald's, two companies with better return on investment than the oil companies.
See The WSJ's lead editorial today:
"Take Exxon Mobil, which on Thursday reported the highest quarterly profit ever and is the main target of any "windfall" tax surcharge.
Yet if its profits are at record highs, its tax bills are already at record highs too.
Between 2003 and 2007, Exxon paid $64.7 billion in U.S. taxes, exceeding its after-tax U.S. earnings by more than $19 billion.
That sounds like a government windfall to us, but perhaps we're missing some Obama-Durbin business subtlety.
Maybe they have in mind profit margins as a percentage of sales.
Yet by that standard Exxon's profits don't seem so large.
Exxon's profit margin stood at 10% for 2007, which is hardly out of line with the oil and gas industry average of 8.3%, or the 8.9% for U.S. manufacturing (excluding the sputtering auto makers).
If that's what constitutes windfall profits, most of corporate America would qualify.
Take aerospace or machinery -- both 8.2% in 2007.
Chemicals had an average margin of 12.7%.
Electronics and appliances: 14.5%.
Pharmaceuticals (18.4%) and beverages and tobacco (19.1%) round out the Census Bureau's industry rankings.
The latter two double the returns of Big Oil, though of course government has already became a tacit shareholder in Big Tobacco through the various legal settlements that guarantee a revenue stream for years to come."
That's it. Let's tax all US businesses out of existence! After that, we can blame US companies for moving their operations overseas!
Again, what planet has the Dem party been living in lately?
They are living in Lopez-Obrador's planet! They must be getting their economic talking points from one of LO's rants at the Zocalo!
How successful has LO economics been anyway? Just ask the millions of Mexicans who can't find work in Mexico! Just ask the "rich" Mexicans who keep their money out of Mexico!
It's time for someone in the Dem party to stand up and shut down all of this anti-capitalism fraudulent "class warfare".
Obama has never met a payroll in his life and it shows every time he speaks about economics!
SUBSCRIBE TO OUR BLOG
- December (34)
- November (87)
- October (108)
- September (87)
- August (79)
- July (62)
- June (70)
- May (71)
- April (60)
- March (43)
- February (46)
- January (55)
- December (40)
- November (35)
- October (47)
- September (35)
- August (33)
- July (43)
- June (53)
- May (58)
- April (58)
- March (54)
- February (53)
- January (64)
- December (66)
- November (47)
- October (64)
- September (75)
- August (70)
- July (83)
- June (83)
- May (85)
- April (74)
- March (73)
- February (63)
- January (74)
- December (82)
- November (70)
- October (67)
- September (58)
- August (72)
- July (92)
- June (76)
- May (69)
- April (67)
- March (61)
- February (56)
- January (99)
- December (120)
- November (89)
- October (97)
- September (109)
- August (115)
- July (115)
- June (121)
- May (121)
- April (112)
- March (127)
- February (107)
- January (131)
- December (116)
- November (98)
- October (107)
- September (90)
- First they went after Thomas! Now it's Palin's tu...
- My favorite 3 from the Rolling Stones!
- The McCain team is beating up a rookie defense!
- Get ready for Aggies football!
- What town (of any population) did Obama run?
- Palin is a great choice!
- It was a historic night!
- The US economy won't be the next president's prior...
- We would welcome an election about McCain's judgem...
- Marriage, religion and our political parties!
- McCain hits BO on Iran!
- Does BO really want to get into an argument about ...
- Was this really an endorsement for BO or the begin...
- What Catholic Church is Nancy Pelosi going to?
- Another musical salute to the happy girls in Denve...
- Rev. Wright, who? What Chicago friends?
- Hillary and the ladies will sing "Lollipop" to Oba...
- BO doesn't talk about Iraq anymore!
- The McCain ad team hits another home run!
- Vote for BO because Biden has experience?
- Saturday's show: A chat with Cassy Fiano, blogger
- "It's all Bush's fault" or "McCain is Bush" won't ...
- From "hope and change" to "I need an adult"
- Dear BO: This is no way to treat the lady who beat...
- Did BO really say that Georgia is like Iraq?
- What flight to Denver is "panic" on?
- Thursday's show: A chat with Jose Brechner from Ar...
- Obama has a serious "infanticide" problem!
- Wanna meet angry women? Go to Denver next week!
- Stop whining Mr. BO!
- Share Emily's song with your friends!
- Get well Yaz!
- BO's problem: There is abortion, partial birth abo...
- National security is back and the Dems are in the ...
- McCain "cheated"----what else do you expect to hea...
- Congratulations to Kobe Bryant!
- Tax the rich and you will eventually tax all of us...
- BO and abortion
- BO and leadership
- McCain was superb, Obama was very careful!
- Paul McCartney after The Beatles!
- Team Spain deserved a big kick in the butt!
- Everybody in Europe is suddenly in love with The U...
- Only the US can defend Europe from Russia!
- Time flies: Elvis died 31 years ago!
- Russia puts "the 3am phone call" back in our polit...
- Our problem is foreign oil, NOT oil!
- McCain and Georgia
- Are you ready for Trojan football?
- Some men and a couple of ladies have BO concerns!
- Michael Phelps is amazing!
- Why are the Dems moving pro-life?
- Why is People's Weekly endorsing Obama?
- Texas continues to lead the nation in job growth!
- Remembering a hero of Brigada 2506 and The Bay of ...
- Chavez is the best argument for drilling in the US...
- Rangers come back and lose one of the craziest gam...
- McCain is right: Today we are all Georgians!
- Tuesday's show: A conversation with Steven Warshaw...
- We beat the crap out of Al Qaeda in Iraq!
- Russia's bad behavior!
- Another A-plus for the McCain ad-team!
- Hey Guys: Nothing but gold!
- A word about Isaac Hayes!
- The Clinton sharks will be out in Denver!
- What was BO thinking again?
- "Doo wop" and the chapter of "wonderful harmonies"...
- Putin's military adventure puts "the real world" o...
- Like Clinton, Edwards will learn that "sex" is not...
- Guess who won't be our next VP or Attorney Gen?
- On energy, the Dems should listen to Paris rather ...
- The well rounded McCain Girl gets my vote (caution...
- Again, please spare me the whining!
- The pro-abortion Dems have a huge problem with Cat...
- Enjoy the Olympics but don't forget the dissidents...
- Favre as a Jet? Are you kidding me?
- The Rays are no fluke!
- Can BO close the sale?
- Clinton's name should be placed for a state roll c...
- "Hope and change" fatigue!
- Kondracke is worth reading on Dems and Afghanistan...
- Obama is an over-inflated left wing populist and i...
- Happy anniversary to my parents!
- The Brewers will be OK! It's just a little brothe...
- 100 degrees but exciting baseball!
- Romney gives BO a lesson in economics!
- Pelosi will lose 100 Dems if she lets the House vo...
- A vote for Buck O'Neill in The Hall of Fame
- Lopez-Obrador must be giving "class warfare" lesso...
- We remember Alexander Solzhenitsyn!
- The Dems will crack on drilling! Just like Obama ...
- Congratulations to Bill O'Reilly!
- Congratulations to new Hall of Famer Darrell Green...
- The "we can't be criticized" Dems!
- Triple digit temps and the sounds of summer past!
- Peter Gammons on Josh Hamilton!
- David Murphy, rookie of the year?
- A look at Cindy McCain!
- McCain's judgement looks rather good today!
- Well done McCain! It's time to expose this lightw...
- BO flips on drilling (a.k.a. what was the point of...
- What did BO mean about the guys on the currency?
- The Obama documentary is properly called "HYPE"!
- July (137)
- June (131)
- May (129)
- April (96)
- March (84)
- February (95)
- January (85)
- December (103)
- November (108)
- October (94)
- September (85)
- August (70)
- July (90)
- June (84)
- May (101)
- April (111)
- March (109)
- February (98)
- January (105)
- December (120)
- November (109)
- October (142)
- September (120)
- August (109)
- July (78)
- June (63)
- May (45)
- April (40)
- March (72)
- February (81)
- January (66)
- December (82)
- November (46)
- October (33)
- September (39)
- August (42)
- July (32)
- June (30)
- May (28)
- April (9)
- March (24)
- February (18)
- January (17)