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Old 03-24-2011, 11:44 AM   #856
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Originally Posted by Earnie Shavers View Post
It's the t-shirt tucked into the too high up tracksuit pants.

I read somewhere once, about how much his team fretted over whether they could use him playing basketball as part of his image. Some saw it as perhaps a little 'too black'. When it was finally okayed, they fretted over what he wore. I'd like to think his get-up is their fault, but I suspect that its actually what he would have chosen anyway.

I wish he'd just wear some cool shoes. Would be great if he popped up on one of his basketball excursions not in plain cross trainers, but a super-rare colour scheme of Jordan 5's or something.
no, seriously... he's awful. he shoots like he's flicking poo off his hand.
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Old 03-24-2011, 01:10 PM   #857
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They do drip with misogyny, do they not?
Haven't you heard-Hillary Clinton has Obama's "manhood", and his birth certificate, in a jar in a secret location. That's why we've never seen any evidence of either.
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Old 03-24-2011, 02:00 PM   #858
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Ah. Perhaps he is bi-gendered as well as bi-racial. Truly a manwoman for all seasons.
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Old 03-28-2011, 10:37 AM   #859
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General Electric Paid No Federal Taxes in 2010 - ABC News

The top tax bracket for U.S. corporations stands at 35 percent, one of the highest rates in the world. So how is it possible that a giant of American business, General Electric, paid nothing in federal taxes last year, even as it made billions in profit?

And should the CEO of GE, Jeffrey Immelt, be advising the president on business?

For two years, President Obama has been talking about the need for corporate tax reform, declaring that the system is too complicated and that companies pay too much.

"Simplify, eliminate loopholes, treat everybody fairly," Obama said in February.

For those unaccustomed to the loopholes and shelters of the corporate tax code, GE's success at avoiding taxes is nothing short of extraordinary. The company, led by Immelt, earned $14.2 billion in profits in 2010, but it paid not a penny in taxes because the bulk of those profits, some $9 billion, were offshore. In fact, GE got a $3.2 billion tax benefit.

"Two things are disconcerting. One is, there's disproportionate amount of profits being reported offshore. And then, even for the profits that are reported onshore, they're paying less than 35 percent," said Martin Sullivan, a contributing editor for Tax Analysts.

2010 was the second year in a row that GE recorded billions in profits and paid no taxes.

During that same period, Immelt has been a close advisor to the president on the business community, a relationship that rubs some the wrong way. Immelt serves as the chairman of Obama's Council on Jobs and Competitiveness.

In a statement, General Electric said that it "pays what it owes under the law and is scrupulous about its compliance with tax obligations in all jurisdictions." The company claims that its zero-dollar tax bill is largely a result of losses at its financial arm, GE Capital, due to the Wall Street meltdown.

White House: Immelt Advises on Jobs, Not Taxes

Today, White House spokesman Jay Carney said that the president is "bothered" by the idea that a U.S. company could pay no taxes, but he wouldn't talk about GE specifically. Carney was also quick to say that Immelt's council advises the president on job growth and not on tax policy.

"It is part of the problem of the corporate tax structure that companies hire, you know, armies of tax lawyers to understand how it works and to take advantage of the various loopholes that exist, that are legal in order to reduce their tax burden," Carney said.

When President Obama announced his decision to appoint Immelt to the unpaid advisory role on job creation in January, some critics wondered whether the move was appropriate. Under his leadership, GE laid off 21,000 American workers and closed 20 factories between 2007 and 2009. More than half of GE's workforce is now outside the United States.
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Old 03-28-2011, 11:53 AM   #860
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We have to protect our corporations/conglomerates/monopolies!!!!
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Old 03-28-2011, 11:55 AM   #861
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I for one am happy that I'm going to pay more tuition so good companies like GE and Marcellus Shale can continue operating with huge profits and nothing to pay to the government. Awesome. Fantastic. I love everything.
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Old 03-28-2011, 12:02 PM   #862
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It's not a horrible thing if a company doesn't pay taxes; it should mean it has zero net income or a net loss. That means the company is possibly reinvesting in their business through upgrades and expansions and funding employees' benefits and such.

BUT...the loopholes are killing us, especially the offshore bullshit.

There is an excellent case to be made for closing loopholes and raising corporate taxes, especially on a state level because it forces companies to reinvest in themselves or pay the heavy tax burden.

But, since corporations are human-company hybrids getting all of the benefits of our American society with few of the drawbacks, we're fucked for the near future.
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Old 03-28-2011, 12:06 PM   #863
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The argument that taxing them more would mean they're going to leave the US clearly holds no water, as they're leaving the US anyway.
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Old 03-28-2011, 12:16 PM   #864
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The argument that taxing them more would mean they're going to leave the US clearly holds no water, as they're leaving the US anyway.
Yeah exactly.

It's a similar bullshit argument on a state level. In Minnesota, we used to have some of the highest individual and corporate taxes in the country. While this "crushing" tax burden was going on, we also had the highest number of Fortune 500 companies per capita in the U.S.

We've lowered our taxation percentages, and HEY! we've been losing Fortune 500 companies, too.

There is NOT a direct link with companies and taxation rates.
It has more to do with a well-educated population and great infrastructure. (which are funded by fair and higher taxes, )

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Old 03-31-2011, 11:53 AM   #865
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Poll: Obama's approval hits new low - Jennifer Epstein - POLITICO.com

By JENNIFER EPSTEIN | 3/30/11 7:57 AM EDT

President Barack Obama’s approval rating and prospects for reelection have plunged to all-time lows in a Quinnipiac University poll released Wednesday.

Half of the registered voters surveyed for the poll think that the president does not deserve a second term in office, while 41 percent say he does. In another Quinnipiac poll released just four weeks ago, 45 percent said the president did not deserve reelection, while 47 percent said he did.

The decline in support for a second Obama term comes as his approval rating has dropped 4 percentage points since early March, landing at 42 percent – a record low – in the poll released Wednesday. His disapproval rating has risen from 46 percent to 48 percent.

The downward shift may in part be the result of dissatisfaction over U.S involvement in Libya, with 47 percent of those surveyed saying they oppose it. By a margin of 58 percent to 29 percent, registered voters said that Obama has not clearly stated U.S. goals for the mission.

The poll as conducted March 22-28 and surveyed 2,069 registered voters. The error margin is plus or minus 2.2 percentage points.
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Old 03-31-2011, 12:20 PM   #866
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I for one am happy that I'm going to pay more tuition so good companies like GE and Marcellus Shale can continue operating with huge profits and nothing to pay to the government. Awesome. Fantastic. I love everything.
Thought you might appreciate this, PhilsFan.

Quote:
Acting Secretary Michael Krancer is changing the procedure after receiving complaints that agency staff in different regions of Pennsylvania were carrying out their responsibilities unevenly, a department spokeswoman said.

The new policy covers a variety of enforcement actions that can require a company to pay a fine or correct a problem, spokeswoman Katy Gresh said. In some cases, those matters reach top officials. But the policy also covers notices of violation — which Krancer's predecessor, John Hanger, equated to a traffic ticket making its way up to the chief of police and said it represents an encroachment onto the professional independence of the agency's inspectors.

The policy applies strictly to Marcellus Shale-related drilling activity, and not to any other activities that the agency also inspects across six regions, including mining, construction, water and sewer treatment, power generation and medical X-rays.

Gresh said the week-old policy may be only temporary.

"We need to make sure we are consistent and that we make our best effort to be the most effective regulator of this industry, which will benefit all Pennsylvanians," Gresh said.

Gov. Tom Corbett, whose successful campaign last year received sizable donations from members of the natural gas industry, has said he wants to make Pennsylvania the Texas of the natural gas boom. Pennsylvania is the largest natural gas state not to tax the activity, and Corbett is against imposing a new tax on it.

Notice of the change surrounding the hotly pursued natural gas formation wasn't announced publicly. Rather, a March 23 email from a top department official ended up in the hands of reporters.

In the email, the department's regional directors and the director of the bureau of oil and gas management were instructed to seek approval for actions involving Marcellus Shale drilling from two top agency deputies, with final clearance from Krancer.

"Any waiver from this directive will not be acceptable," wrote John Hines, the agency's executive deputy secretary.

On Wednesday, Hanger called the change to longstanding practice "ill-advised."

"I can't think of anything more likely to erode public confidence in the inspection process than this," Hanger said. "I urge them to rethink and reconsider."

Hanger said it oversteps the built-in checks and balances that give every company the ability to contest a notice of violation by responding in writing, asking for a meeting with regional staff to discuss it, appealing a decision to the Environmental Hearing Board and even going to court.

If there are complaints about consistency, the best way to handle those complaints is to carry out a management-level review of consistency and then train staff, if necessary, Hanger said.

"The idea that the secretary himself and the deputy secretary would presumably review, literally hundreds if not thousands of (notices of violation) before they were issued, when they were not on the site, they didn't do the inspection, is incredible," Hanger said. "It's a new full-time job for the secretary, is what's going to happen."

___

Information from: Pittsburgh Post-Gazette, Post-Gazette.com

Can you say de facto no regulation on Marcellus Shale? The natural gas companies have gotten their money's worth from the new governor.

Hopefully, this is temporary as in ending today.
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Old 04-02-2011, 01:48 PM   #867
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Michelle finally meets her match?

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Old 04-02-2011, 02:23 PM   #868
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^Who is that?
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Old 04-02-2011, 04:13 PM   #869
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^Who is that?
Everyone's favourite wacky Russian NHL star.

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Old 04-02-2011, 07:38 PM   #870
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Michelle finally meets her match?

Sweet Jesus the janitor, I thought he was creepy in a helmet.
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