Barack Obama, our next President

Barack Obama, our next President

There are 1521737 comments on the Hampton Roads Daily Press story from Nov 5, 2008, titled Barack Obama, our next President. In it, Hampton Roads Daily Press reports that:

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ...

Join the discussion below, or Read more at Hampton Roads Daily Press.

No Surprize

Saint Petersburg, FL

#997717 Oct 8, 2013
sonicfilter wrote:
<quoted text>
What’s Wrong With the Republican Right?
W. James Antle III
Conservative scorecards don't explain why the GOP fails to get policy results.
There is one more step in this evolution: evaluating whether conservatives are actually producing results. Too often, conservatives measure that by the volume of liberal outrage a Republican political figure inspires.
But while Reagan and Michele Bachmann were equally panned on the New York Times editorial page, which of them has more to show for all the liberal vitriol they endured? It does not even come close.
If conservatives won’t start taking results more seriously, you can bet the rest of the Republican Party soon will. In the 2016 primaries, Chris Christie will say that while his opponents were conducting marathon speaking sessions, he was beating liberals at both the ballot box and the statehouse in a Democratic region.
Even sooner, establishment Republican voices on Capitol Hill will start demanding to know what Cruz has bought the party as they prepare to cut a deal with Democrats.
In order to achieve victory, the late conservative activist Howard Phillips used to say,“first we must seek it.” Even before that, we must define it—and perhaps more ambitiously than we have done in the past.
http://www.theamericanconservative.com/articl...
partisan?
Jim Antle is editor of the Daily Caller News Foundation and senior editor at The American Spectator.
sooner or later you folks living in FOXbot fantasy land will have to abandon the fantasy and admit that reality is kicking your ass. otherwise....you'll just have to keep griping about the Democrat in the WH.
<spam>

“Constitutionalis t”

Since: Dec 10

Spring, TX

#997718 Oct 8, 2013
RealDave wrote:
<quoted text>
Funny how with right whiners & Tea Party dipsticks it always comes down to their wallets.
Shouldn't that first sentence read: "I work for one of the largest SUBSIDIZED" oil companies in the world."?
Unlike you, when I want something, I have to reach into my own pocket.

You still haven't been able to find any proof subsidies to oil companies exist. It's an urban legend. There are no subsidies paid to oil companies.
By the way, the economic collapse was caused by the Democrats' Marxist CRA program that collapsed our economy after two years (fuck you) oversight by Democrats Dodd and Frank, to whom the Wall Street investment companies that caused the economic collapse paid a fortune in bribes to, as well as another fortune in bribes to Obama.
Well, they paid Dodd and Obama. The media covered Barney Frank's ass after he threw his male page off his New York hotel balcony and was busted for running a male prostitution ring out of his house. They didn't have to pay Frank. All they had to do was divert attention away from him to keep him from being executed for killing his male page during one of his homosexual fits.
sonicfilter

Indianapolis, IN

#997719 Oct 8, 2013
DBWriter wrote:
<quoted text>
And that explains the pile of bills from the House stacked up on Harry Reid's desk he has to obstruct from getting to the Senate floor for a vote that would end the government shut down.
You're an idiot.
you mean the fake bills for stuff that's already been funded?

well, beyond that that the GOP cut the funding of.

Obama will not back down. the GOP can try all the very obviously fake tactics it wants, but this time around Obama will not cave, and he has no reason to. he's on the high road, and the GOP has sunk as low as it can go. just ask the majority that you will never be a part of.

Since: May 11

Newville, PA

#997721 Oct 8, 2013
DBWriter wrote:
<quoted text>
And for two weeks Obama repeated that lie. The president of Libya was telling the world it was an Al Qaeda attack on the US, and Obama continues to lie and blame it on some spontaneous demonstration that obviously never happened... well, obvious to anyone who watched the real-tiem video, like the White House.
It was discovered by the president of Libya that it was an Al Qaeda attack that was planned before the video even existed, and Obama continues to lie.
Why do you wonder why the world thinks Obama and the entire country here is fullofshit? Do you think it's because it's obvious to the entire world that Obama and this entire administration are pathological liars and you can't believe anything that comes out of their mouths?
Why does Baghdad Bob have more credibility in the world than Jay Carney?
It was stated as a possibility awaiting further investigations.

No lie. Just stupidity on your part.

There were lots of opinions including the President of Libya. Doncha think we should investigate it ourselves?

Since: May 11

Newville, PA

#997722 Oct 8, 2013
DBWriter wrote:
<quoted text>
The companies didn't change. The only change was that Marxist welfare program ObamaKare.
Everything was fine until ObamaKare.
Now, after ObamaKare, those same companies that didn't change before ObamaKare are eliminating the health care benefit.
By the way, those health care benefits will be taxed, thanks to ObamaKare. Every person who receives a health insurance benefit from their company will pay more taxes with no increase in income.
Get rid of this Marxist welfare garbage. I don't care what needs to be done to get rid of it. Just get rid of it.
Companies have been watering down their health plans for over ten years due to climbing premiums.
Whatever

Scottsbluff, NE

#997723 Oct 8, 2013
Obama has created a new, more powerful blend of Al Queda in Syria that he wants to give more aid to. This is NUTS.
sonicfilter

Indianapolis, IN

#997724 Oct 8, 2013
DBWriter wrote:
<quoted text>
<spam>
<spam> meaning...'I can't hear you because I've got my hands over my ears!' or in this case, a blindfold over your eyes. and let's not discount the fog over your brain.
Whatever

Scottsbluff, NE

#997725 Oct 8, 2013
sonicfilter wrote:
<quoted text>
i think you just made my point.
I was being sarcastic.

The poorer counties, who suck up entitlements, in any state always vote Dem.
Michelle

Jamaica, NY

#997726 Oct 8, 2013
RealDave wrote:
<quoted text>
Funny how with right whiners & Tea Party dipsticks it always comes down to their wallets.
Shouldn't that first sentence read: "I work for one of the largest SUBSIDIZED" oil companies in the world."?
Subsidized?

Forbes 2012:

"No wonder President Obama loves to bash Big Oil. Thanks to high crude prices, America’s big three oil companies are raking in the profits. So in 2012 Obammy tried to take away their tax breaks.

The Senate voted down the president’s proposal 51-47 on a bill that needed 60 votes to survive. It’s unlikely that the senators spent much time poring over financial statements and annual reports. But if they had it might have given them a reason to vote against the president’s wishes.

In 2011 these THREE OIL GIANTS EACH PAID MORE IN INCOME TAXES THAN ANY OTHER CORPORATION IN AMERICA.

ExxonMobil in 2011 made $27.3 billion in cash payments for income taxes.

Chevron paid $17 billion

and ConocoPhillips $10.6 billion.

And not only were these the highest amounts in absolute terms, when compared with the rest of the 25 most profitable U.S. companies (see our slideshow for the full rundown of who paid what), the trio also had the highest effective tax rates.

Exxon’s tax rate was 42.9%, Chevron’s was 48.3% and Conoco’s was 41.5%. That’s even higher than the 35% U.S. federal statutory rate, which is already the highest tax rate among developed nations.

(The lowest taxpayers among the most profitable companies? Automakers Ford and GM, despite $20 billion and $9 billion in net income, respectively, paid a scant $270 million and $570 million in taxes — simply because they have billions in previous-year losses to balance against recent profits.)

Full List: The 25 U.S. Companies That Pay The Most In Taxes

Just what are those tax breaks the president wants to take away from Big Oil?

Here’s the three biggest ones. First off, the president doesn’t think that oil companies should be able to get credit on their U.S. income tax bills for all the billions in income taxes they pay to oil-rich regimes around the world.

Second, the president doesn’t think Big Oil should be allowed to deduct from taxable income some of those costs incurred in exploring for oil and drilling wells.

Third, the president wants to cancel oil companies’ domestic manufacturing tax deduction of 6% of the value of oil and gas they produce in the United States.

Those don’t sound like egregious handouts, but, said the president,“It’s not like these are companies that can’t stand on their own.”

Sure they can stand on their own, but that’s not the point. Do we really want a corporate tax policy that has one set of rules for oil companies and another set for everybody else?

Yet the campaign against Big Oil tax breaks won’t end there. We’ll hear again and again between now and Election Day that oil companies aren’t paying their share.

Left-leaning tax groups like the Citizens for Tax Justice try to make the case that ExxonMobil pays tax of just 13% or so on its U.S. profits. But if Exxon pays a smaller portion of its taxes in the U.S. it’s because it faces huge tax bills overseas in countries like Angola where the petroleum income tax is as high as 70%. Like every U.S. multinational, Exxon gets tax credits that offset their U.S. tax liability by the amount of tax paid to other countries.

How bad are those oil “tax breaks,” really? The deduction for oil drilling costs isn’t much different from the deductions that pharmaceutical companies are allowed to take for research and development costs (no one has proposed taking those away).

And as for the domestic manufacturing deduction, every other company that manufactures anything in the U.S. can deduct up to 9% of the income they generate on those goods. Right now, oil companies only get a 6% deduction on the oil and gas they produce.

Why single them out?"

Answer: Because it is Obama, who has never even run a lemonade stand doing the preaching.
sonicfilter

Indianapolis, IN

#997727 Oct 8, 2013
Whatever wrote:
<quoted text>
Some Libs are getting "Sticker Shock" of what Obamacare is going to end up costing them. Buyer's Remorse?
you mean how it lowers the deficit and how it doesn't cost as much as everyone thought it would?

so i think you mean...Tea Party seller's remorse. which lead to the GOP shutting down the government and seeing the polls rape them.
sonicfilter

Indianapolis, IN

#997728 Oct 8, 2013
No Surprize wrote:
<quoted text><spam>
maybe you haven't noticed, no doubt, but you're spamming <spam>.

so you don't even know what spam is? no doubt.

“fairtax.org”

Since: Dec 08

Gauley Bridge WV

#997729 Oct 8, 2013
Oil Subsidies That Should Be Removed

First, let’s take a look at oil subsidies that are obvious and unnecessary. Congress should eliminate the following subsidies:

Government R&D. The Department of Energy (DOE) has spent taxpayer dollars on oil research and development, including funding for unconventional oil, gas, and coal. Although President Obama’s FY 2012 budget request significantly cuts funding for the Office of Fossil Energy, decreasing its size by $417.8 million below the FY 2010 appropriation, it does not go far enough. The only funding in this area should maintain the Strategic Petroleum Reserve, for which the President’s budget requests an appropriate $121.7 million. Eliminating all other fossil energy funding would save $399 million.
Enhanced Oil Recovery (EOR) Tax Credit. Oil producers receive a 15 percent tax credit for costlier methods and technologies, such as injecting liquids and carbon dioxide into the earth. Many EOR processes are no longer in use, and the tax credit applies only when the price of oil falls below a certain level.
Marginal Well Production Credit. Marginal wells produce 15 or fewer barrels of oil per day, produce heavy oil, or produce mostly water and fewer than 25 barrels of oil per day. The marginal well production credit is another safety-net tax provision. This is another preferential tax credit that Congress should repeal.

Applied research of any kind—not just oil research and development—is better left to the private sector. The private sector should not be subsidized because of market conditions, as happens with the so-called safety-net tax credits that kick in if the price of oil falls below a certain level.

“fairtax.org”

Since: Dec 08

Gauley Bridge WV

#997730 Oct 8, 2013
Broadly Available Tax Provisions Are Not Oil Subsidies

In many cases, what the President and anti-oil crusaders label an oil subsidy is neither a subsidy nor a tax treatment specific to the oil and gas industry. These are broad tax policies that apply to many industries. When the Administration takes aim at these provisions specifically in the oil and gas industry, it is essentially a targeted tax hike. These provisions include:

Section 199 Deduction. This tax deduction, under Internal Revenue Code Section 199, goes to all domestic manufacturing. Producers of clothing, roads, electricity, water, and many other goods produced in the United States are all eligible for the manufacturer’s tax deduction. The Section 199 deduction is unavailable to the service sector, and even that is a stretch, as the tax deduction includes music and movie production. Removing oil and gas production eligibility for this tax break is not removing a subsidy or closing a tax loophole but imposing a targeted tax hike. In fact, Congress already imposed a tax hike on oil and natural gas companies by freezing the deduction at 6 percent when other manufacturers receive a 9 percent deduction.
Foreign Tax Credits and Deferral of Foreign Income. The foreign tax credit and deferral are two critical features of a worldwide tax system that prevent the U.S. corporate income tax from double taxing—and further crippling—the international competitiveness of U.S. companies. The President has proposed cutting deferral and limiting the applicability of the foreign tax credit. This would significantly increase taxes paid by U.S. businesses, subjecting more U.S. foreign income to double taxation and severely undermining the ability to compete abroad and grow at home. The President is charging in exactly the wrong direction. He should instead advance the competitiveness of American companies and workers by proposing to eliminate the U.S. tax on foreign source income. Foreign tax credits and deferral of foreign income are not unique to the oil industry, so the President’s proposal is just another punitive, targeted tax hike.

“fairtax.org”

Since: Dec 08

Gauley Bridge WV

#997731 Oct 8, 2013
Immediate Expensing Should Be Complete and Permanent

Another non-subsidy target of the Administration is oil companies’ ability to expense capital costs in the year of the purchases.

Immediate expensing allows companies to deduct the cost of capital purchases at the time they occur rather than deducting that cost over many years based on cumbersome depreciation schedules. Expensing is the proper treatment of capital expenditures. Depreciation raises the cost of capital and discourages companies from hiring new workers and increasing wages for existing employees. Immediate expensing for all new plant and equipment costs—for any industry or type of equipment—would allow newer equipment to come online faster, which would improve energy efficiency and overall economic efficiency.

Even President Obama has championed temporary 100 percent expensing for qualified capital because it lowers the cost of investment.[2] Congress should make immediate expensing permanently available for all business investments.

All companies, including oil and gas companies, should be able to expense their full capital costs immediately. Until that critical change in the tax code is made for all businesses, Congress should retain all provisions that move the tax code in the direction of expensing.

“fairtax.org”

Since: Dec 08

Gauley Bridge WV

#997732 Oct 8, 2013
Special Tax Treatments That Deserve a Second Look

Special tax treatment can serve the same purpose as a subsidy by uniquely favoring the oil and gas industry. There are cases where this type of treatment should be considered carefully:

Percentage Depletion Allowance. A depletion allowance is analogous to depreciation and is appropriate when the quantity of the potential resource is unknown, such as the amount of recoverable oil from a well. Independent oil and gas producers use a depletion allowance to recover capital investments over time. This is also available to producers involved in mining, timber, geothermal steam, and other natural deposits. The depletion allowance for independent oil and gas producers is 15 percent of the producer’s gross income from its average daily production, up to 1,000 barrels of oil. While there is nothing wrong with percentage depletion in theory, the question is whether at 15 percent it is overly generous or, possibly, not generous enough and should be raised. Congress should have an independent organization determine this.
Exemption from Passive Loss Limitation. Passive activities occur when a landowner collects income or incurs losses without physically participating in activity on his land. For example, someone could own farmland but not operate the equipment or plant the crops. In oil and gas operations, passive activities include the cost of development and the operation of the property. Typically, taxpayers can deduct passive activity losses only against passive activity income; however, taxpayers with working interests in oil and gas are exempt from the passive loss limitation rules, allowing losses incurred from exploration in oil to offset non-oil income. Congress should repeal all passive loss limitation exemptions.

End Real Oil Subsidies, but Don’t Gratuitously Punish Companies

Ending all energy subsidies, including those for oil and gas, would be good for American taxpayers and consumers. However, Congress should not punish the oil and gas industry with targeted tax hikes, nor should it reward other parts of the energy industry favored by the Administration.

Immediate expensing is not a subsidy; it is good policy that can encourage new investments and benefit all businesses. There are, however, special treatments that should end. Congress should repeal passive loss limitation exemptions and enhanced oil recovery and marginal well production tax credits. Congress should then use any resulting revenue to reduce tax rates and eliminate DOE spending for fossil fuel research.

Finally, Congress and the Administration should also remove the regulatory shackles that hinder additional drilling for oil and gas onshore and offshore—work that is vital to ensure access to abundant, affordable energy for American families and businesses.

Nicolas D. Loris is a Policy Analyst and Curtis S. Dubay is a Senior Analyst in Tax Policy in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation.
Whatever

Scottsbluff, NE

#997733 Oct 8, 2013
sonicfilter wrote:
<quoted text>
What’s Wrong With the Republican Right?
W. James Antle III
Conservative scorecards don't explain why the GOP fails to get policy results.
There is one more step in this evolution: evaluating whether conservatives are actually producing results. Too often, conservatives measure that by the volume of liberal outrage a Republican political figure inspires.
But while Reagan and Michele Bachmann were equally panned on the New York Times editorial page, which of them has more to show for all the liberal vitriol they endured? It does not even come close.
If conservatives won’t start taking results more seriously, you can bet the rest of the Republican Party soon will. In the 2016 primaries, Chris Christie will say that while his opponents were conducting marathon speaking sessions, he was beating liberals at both the ballot box and the statehouse in a Democratic region.
Even sooner, establishment Republican voices on Capitol Hill will start demanding to know what Cruz has bought the party as they prepare to cut a deal with Democrats.
In order to achieve victory, the late conservative activist Howard Phillips used to say,“first we must seek it.” Even before that, we must define it—and perhaps more ambitiously than we have done in the past.
http://www.theamericanconservative.com/articl...
partisan?
Jim Antle is editor of the Daily Caller News Foundation and senior editor at The American Spectator.
sooner or later you folks living in FOXbot fantasy land will have to abandon the fantasy and admit that reality is kicking your ass. otherwise....you'll just have to keep griping about the Democrat in the WH.
I am very familiar with this person and he would call your knuckle dragging interpretation typical Left nonsense.

The Right-with the press against them-need to find ways to get their message out beyond the MSM barricades.

The Left-with the press backing them-couldn't sell their Obamacare message.

Since: May 11

Newville, PA

#997735 Oct 8, 2013
DBWriter wrote:
<quoted text>
Unlike you, when I want something, I have to reach into my own pocket.
You still haven't been able to find any proof subsidies to oil companies exist. It's an urban legend. There are no subsidies paid to oil companies.
By the way, the economic collapse was caused by the Democrats' Marxist CRA program that collapsed our economy after two years (fuck you) oversight by Democrats Dodd and Frank, to whom the Wall Street investment companies that caused the economic collapse paid a fortune in bribes to, as well as another fortune in bribes to Obama.
Well, they paid Dodd and Obama. The media covered Barney Frank's ass after he threw his male page off his New York hotel balcony and was busted for running a male prostitution ring out of his house. They didn't have to pay Frank. All they had to do was divert attention away from him to keep him from being executed for killing his male page during one of his homosexual fits.
Already posted. Congress debate oil industry subsidies. Republicans said dumbasses like you needed a subsidy to support themselves.

Try to keep up.

Frank got that chairman hp in Jan of 2009. Two years later would be Jan of 2011.

I hace news. Housing started downhill on 2006, the recession started in 2007.

You really are dumber than subsidized sh*t.
NJ raider 1

Newark, NJ

#997736 Oct 8, 2013
Waxman wrote:
<quoted text>
I'm not upset by anything a racist homophobe Democrat Obamavoter like you says. I've seen it many times before with you hypocrites.
You fellow gay Democrat Tony C. doesn't seem to like you too much though.
Baawwaahhh!!!!!!
Moron.
It's hilarious! You don't even see how stupid you sound. I don't care what Tony C feels about me. He doesn't even know me, to say he likes me or, doesn't. What he doesn't like is, where I stand on the gay issue but, that should prove to you that, I'm not republican or democrat or, any secular system. I'm me, like it or not! Now let's dig a lil deeper as to why you don't like me. Your problem is, I tell the truth &, don't let a party platform or, position make up my mind. You on the other hand, read history books, biased towards the white man. Nothing but a bunch of lies &, made up stories. Then you try to incorporate history into modern politics. So I'm forced to call you what you are, a racist POS. But other than that, I have no problems with you!
Whatever

Scottsbluff, NE

#997737 Oct 8, 2013
sonicfilter wrote:
<quoted text>
you mean how it lowers the deficit and how it doesn't cost as much as everyone thought it would?
so i think you mean...Tea Party seller's remorse. which lead to the GOP shutting down the government and seeing the polls rape them.
Go read the Health Care Face Book page. LIBS are pissed with the high costs and less coverage.

Not really hard for the typical person to understand, but you may need to concentrate.
No Surprize

Saint Petersburg, FL

#997738 Oct 8, 2013
sonicfilter wrote:
<quoted text>
<spam> meaning...'I can't hear you because I've got my hands over my ears!' or in this case, a blindfold over your eyes. and let's not discount the fog over your brain.
<spam>

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