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Lindsey Graham, Scoring From the 50-Yard-Line

By Michael Abramowitz
DURANGO, Colo. -- Sen. Lindsey Graham is one of John McCain's best friends, a wisecracking South Carolinian who keeps things loose on the campaign trail. He got on a little roll Friday night as he introduced McCain to a crowd of several thousand at a local high school's football field.

"I played high school football for four years," Graham noted as he surveyed the crowd from the 50-yard line. "First time I have ever been on the field."

"Since I don't get to talk much, I am in no hurry," he added, going on to tell the crowd that McCain had "lived the American dream: "He's a Navy guy that married a beautiful woman who owns a beer distributorship. That's as good as it gets."

Graham then began taking aim at Washington Democrats, starting with McCain's opponent. "John McCain does all the things that Barack Obama talks about," he told the crowd. "I could make a really short speech. It would be entitled, 'The times Barack Obama has done hard and controversial things in the Senate.' I am now done."

Graham drew roars when he promised McCain would be the "worst nightmare" for House Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Harry Reid (D-Nev.). He hailed "Joe the Plumber," saying, "If you're a liberal politician, you better watch what driveway you show up in."

Graham seemed to delight especially in needling the politician he called "Joe the Biden," describing the loquaicious Democratic running mate as "the gift that keeps on giving. He's out there tonight saying something we'll read about tomorrow."

By Post Editor  |  October 24, 2008; 10:51 PM ET
Categories:  John McCain  
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Comments

thecannula

You fail to acknowledge this is all happening during a Republican administration which had a Republican house and senate for six of its almost eight years. And during the two years the Democrats controlled congress they didn't get much of anything done because of the slim majorities and threat of vetoes by a Republican president.

You are correct though, your taxes will go up and they will go up no matter who wins. George W. Bush and Dick Cheney saw to that. No it wasn't just the last eight years this has been coming on, it is the last 20 years and both major parties can share the blame, but the last eight have accelerated us to the breaking point.

As for McCain, how do you suppose he is going to balance the budget by the end of his first term as he said he would? It would take precedented economic growth to archive it. Do you really believe him when he says he will?

Posted by: wes1155 | October 26, 2008 7:24 PM | Report abuse

Hey guys, remembger Stanley tool works???

THAT was NOTHING-

Today's NY Times Headline-

Spending Stalls and Businesses Slash U.S. Jobs
By LOUIS UCHITELLE
As the financial crisis cuts demand for American goods and services, the workers who produce them are losing their jobs by the tens of thousands.

***GREAT TIME TO ELECT A PRESIDENT WHO WOULD RAISE TAXES ON BUSINESS!!!!!***

Small Businesses will lay off!

Big Businesses will move jobs overseas!

13% Unemployment in an Obama 1st term...

(only Herbert Hoover raised taxes in a recession...what kind of a warped mind squeezes every last drop of milk from a sick cow?)


Posted by: thecannula | October 26, 2008 12:23 AM | Report abuse

Today's NY Times Headline-

Spending Stalls and Businesses Slash U.S. Jobs
By LOUIS UCHITELLE
As the financial crisis cuts demand for American goods and services, the workers who produce them are losing their jobs by the tens of thousands.

***GREAT TIME TO ELECT A PRESIDENT WHO WOULD RAISE TAXES ON BUSINESS!!!!!***

Small Businesses will lay off!

Big Businesses will move jobs overseas!

13% Unemployment in an Obama 1st term...

(only Herbert Hoover raised taxes in a recession...what kind of a warped mind squeezes every last drop of milk from a sick cow?)


Gator Ron YOU said that I wasn't a small business man...which is it? I'm proud to say I am a successful small businessman whose origins wre the lower middle class, that I fairly pay my workers a good wage, and that I will reluctantly lay one off next year if Obama gets elected and gets his proposed tax law passed....you and I can pay for their new "Tax Credit" together....IF your candidate gets elected, you'd better wrestle a few more gators, Ron.

Posted by: thecannula | October 26, 2008 12:21 AM | Report abuse

thecannula


If we lower our taxes will that change the income gap between US and Ireland? That is the principle reason that companies move operations to Ireland.

Besides you forgot to tell people that you allegedly own a small business from which you derive an income of >250K and you will say anything in order to continue having middle class workers support your income.

Posted by: Gator-ron | October 25, 2008 11:54 PM | Report abuse

We all know the media has a double standard. What would happen if an actress on Saturday Night Live mimicked Michelle Obama's voice and accent. What would happen if the actress did send ups of Michelle Obama's "I've never been proud of my country? and "just downright mean" America? Saturday Night Live would be facing hate-crime charges!

Why aren't we reading about all the law suits against Obama which are seeking proof if he is really a natural born citizen?

Why aren't we reading more about Obama spending $5 million on his BIG night? A one night, one time only affair at the DNC.

The media will not report the TRUE facts about Obama. The media will run John McCain and Sarah Palin into the ground. Even Joe Biden is immuned from the media. He thinks Roosevelt got on TV during the stock market crash in 1929. That one has been around a few weeks now but if it were Palin, we would never hear the end of it. Joe Biden says that the world will test Obama within 6 months if he is elected President but the media did not press Joe into going into more details!

Who will test Obama? Russia? Iran? North Korea? Thank you Hillary Clinton for telling us that you are more qualified than Obama to answer that 3:00 AM phone call if the country is in crisis. Since we don't have the option of voting for Hillary, it leaves only one option and it isn't Obama! Hillary is right.

Posted by: sonnychiba72 | October 25, 2008 11:13 PM | Report abuse

Lindsey Graham is a Senator, not the Governor of South Carolina. Governor Sanford is still trying to clean up the mess of Governor Hodges. It can't be done overnight.

Posted by: sonnychiba72 | October 25, 2008 10:34 PM | Report abuse

How can McCain run the country if he can't run his own campaign!

McCain/Palin has become PALIN/TheOldGuy

Click here for CNN's PALIN GONE WILD!

McCain Adviser: "She is a diva. She takes no advice from anyone. She does not have any relationships of trust with any of us, her family or anyone else."---SCARY!

Next thing you know, she'll be running around with a "B" carved into her cheek and a black eye.

Save our country!
Vote Obama Nov. 4

Posted by: thenotoriousflavio | October 25, 2008 8:38 PM | Report abuse

thanks JQ- I too appreciate an intelligent discussion...they are too rare.

Posted by: thecannula | October 25, 2008 5:58 PM | Report abuse

JQ-
PASS THE GARLIC -

IRS 2005 figures-

Top 1% paid 39.38% of Fed Taxes

Top 5%- 59.67%

Top 10%-70.30%

tOP 25%-85.69%

Posted by: thecannula | October 25, 2008 5:56 PM | Report abuse

Cannula,

Think I've added about all I can to the topic for now.

Better check your current stats on Ireland though...seems the whole world is heading for recession - a reality which hasn't quite arrived yet I'm afraid.

I appreciated the discussion.

Posted by: JohnQuimby | October 25, 2008 5:55 PM | Report abuse

JQ,
I agree that the people who run big business are no better or more moral in their decisions than a rat in a maze BUT, Ireland understands that better than we do and THEIR economy is flourishing! So, let's drive the rat in OUR direction. Sure we should regulate them but don't make their relocation argument with their spouses so easy- we are just Forcing them to move jobs when we keep our tax rates high.
Big business has an option to move or layoff...BUT small business either lays off or takes less profit. As a very hard working small businessman, I can only convince myself to hold the line to a point, and then I will lay someone off. I won't do this easily or happily. But I certainly will think of Obama and his financial support of ACORN and the Radical Educational Policies of Bill Ayers when I do....if he's going to have money for these causes, he can find work for or support the person his policies got fired.

Posted by: thecannula | October 25, 2008 5:49 PM | Report abuse

Easy now...

I don't think real wages have declined among the over-priveleged.

Some of us think the vampires might be on the other neck.

Posted by: JohnQuimby | October 25, 2008 5:47 PM | Report abuse

I'm not surprised that Grampy McCain is getting his butt kicked in this election because I'm still trying to figure out what the McCain campaign message is, other than?:
.
"Don't vote for the scary black guy"
-MCCAIN/PALIN 08!
.
http://www.youtube.com/watch?v=hnb2IrsU1Cg
.

Posted by: DrainYou | October 25, 2008 5:39 PM | Report abuse

Increasing Taxes in a Recession-

Drains business of capital

Drains job positions from business

Drains tax income from the government

Drains government funding from education

Drains our workforce of trained workers

Drains our economy

Vampires are fictional dead bloodsuckers who drain the life force from the living...

Obama's not proposing voodoo economics,

It's VAMPIRE Economics!

Posted by: thecannula | October 25, 2008 5:38 PM | Report abuse

The Wingnuts are seeing their 90's power grap being yanked away from them because of their own incompetence and they're throwing a tantrum. After controlling the white house for the last eight years and controlling congress for ten of the last twelve years they've proved beyond a shadow of a doubt that conservatism is a failed ideology and now they're panicking.


Here's some straight-talk, my friends:
.
http://www.youtube.com/watch?v=wJThPjvscFs
.

Posted by: DrainYou | October 25, 2008 5:32 PM | Report abuse

thecannula:

Interesting premise, possibly flawed.

I submit that they are profiting directly at your expense.

I'd like government and business to re-index the costs to create sustainable business.

For just one example, companies sell tons of packaging into the market.

Why then are we alone responsible to pay for sanitary disposal along with any related environmantal clean up?

Why are we to pay their share of defense spending to protect the energy resources they need for manufacturing and delivery?

These are imprecise examples, but we're talking about ideas.

Shifting the tax burden from the top tier to the middle has never created a net gain in wealth. It's simply a redistribution of resources to the top.

When will lowering their taxes cause companies to invest in America? They're just as likely to build a factory in China and stick you with the bill for services in America.

Regards,

JQ

Posted by: JohnQuimby | October 25, 2008 5:30 PM | Report abuse

It will be interesting and fun to watch the GOP shrink to a few nativists haters, a couple of religious nuts, and the Kathryn Jean-Lopez's of the world in the next few years. -Draineveryonewhoearnsmorethanmewhichisalotofpeople


It will be interesting to laugh like a hyena on Rockstar when unemployment rates touch 12% IF Obama's elected!

Posted by: thecannula | October 25, 2008 5:26 PM | Report abuse

It will be interesting and fun to watch the GOP shrink to a few nativists haters, a couple of religious nuts, and the Kathryn Jean-Lopez's of the world in the next few years.


As long as the Rethuglican party continues to offer huge outsized tax breaks for the filthy rich and nothing for everyone else, the extremist nuts will be the only one's left carrying the GOPer banner after 2008.


I think it is going to be a while before we hear about the big tent Republican party.


Ladies and Germs...I give you your 2009 Republican party:


All hail the GOPer "pup tent party"!
.
http://www.youtube.com/watch?v=U5mdIPNB8t8
.

Posted by: DrainYou | October 25, 2008 5:21 PM | Report abuse

Corporate Taxes:

Treasury Department figures show that actual corporate income tax revenues fell to $132 billion in 2003, down 36 percent from $207 billion in 2000.-
-Torrito


Oh, I see, and THAT's why we should raise taxes and drive more business away...gotcha

The President should have a plan to bring more business to our shores, not drive them away- John McCain does, Barack Obama doesn't. Employment will suffer further from Obama's tax policies...and more Americans will require Obama's tac credit handouts.

Posted by: thecannula | October 25, 2008 5:17 PM | Report abuse

World-wide tax burden for the company fell from 32% of net profit before taxes to 24% over the most recent five years posted on the company's website. Torrito

WORLD_WIDE?????????????
NOT HERE!!!!!!!!!!!!!!@!

good point...you're advocating that they move to Ireland where corporate taxes are 1/2 of ours.

Let's drop there taxes for their US operations, so we can employ more AMERICANS-
THAT'S the Presidents job isn't it?

Posted by: thecannula | October 25, 2008 5:12 PM | Report abuse

JohnQuimby- I submit that you've proved the 3 CEO's of Stanley works from 1968-2003 correct, as the company is now making money with a reduced workforce...and your liberal cohorts In correct- seems like SOMEONE is buying the tools, Flaviodamus.

John, wouldn't it be better to lower their taxes, so that they could hire more workers and expand?
Then more Americans would be working a paying taxes. Let's "work on volume" instead of stifling business!

Posted by: thecannula | October 25, 2008 5:07 PM | Report abuse

THIS IS HILARIOUS!


The wassup guys from the Budweiser ads offer their take on the disasterous Bush/McCain years and the 2008 election:
.
http://www.youtube.com/watch?v=Qq8Uc5BFogE
.

Posted by: DrainYou | October 25, 2008 5:05 PM | Report abuse

Corporate Taxes:

Treasury Department figures show that actual corporate income tax revenues fell to $132 billion in 2003, down 36 percent from $207 billion in 2000.

As a result of these low levels, corporate revenues in 2003 represented only 1.2 percent of the Gross Domestic Product (the basic measure of the size of the economy), the lowest level since 1983, the year in which corporate receipts plummeted to levels last seen in the 1930s.

Corporate revenues represented only 7.4 percent of all federal tax receipts in 2003. With the exception of 1983, this represents the lowest level on record (these data go back to 1934).

10 more days.....

:-)

Posted by: toritto | October 25, 2008 5:01 PM | Report abuse

The Disposable American is an eye-opening account of layoffs in America—their questionable necessity, their overuse, and their devastating impact on individuals at all income levels. Yet despite all this, they are accelerating.
The award-winning New York Times economics writer Louis Uchitelle explains how, in the mid-1970s, the first major layoffs, initiated as a limited response to the inroads of foreign competition, spread and multiplied, in time destroying the notion of job security and the dignity of work. We see how the barriers to layoffs tumbled, and how by the late 1990s the acquiescence was all but complete.

...three CEOs who ran the Stanley Works, the tool manufacturer, from 1968 through 2003, who gradually became more willing to engage in layoffs;

(I rest my case- raise their taxes and watch them either leave....or stay with feawer workers-

BIG BUSINESS DOES NOT PAY TAXES-
they leave, layoff, and raise prices-

so consumers pay their taxes!)

By raising taxes on big business- Obama would be raising taxes on consumers....but in a much more eloquent way!

Posted by: thecannula | October 25, 2008 5:00 PM | Report abuse

Stanley Works a once highly respected maker of hight quality of hand tools has become the low-end, disposable tool maker to consumers.

A good contractor will not buy Stanley tools because they're crap and most contractors see Stanley tools are tools of last resort. Only weekend warriors use Stanley.

They have to lay people off because their product is junk. How did it happen--the old Republican Business Model-- "Profit and Shareholders First".

Stanley (as well as many other companies) they have not concentrated on their competencies but on cost cutting. NOW, they are paying the price. That's what you get for letting 'bean counters' run the company.

THAT's THE REAL STORY BEHIND STANLEY

Posted by: thenotoriousflavio | October 25, 2008 4:55 PM | Report abuse

thecannula:

NEW BRITAIN, Conn., Oct. 17 /PRNewswire-FirstCall/ -- The Stanley Works (NYSE: SWK) announced today that its Board of Directors approved a regular fourth quarter cash dividend of $.32 per common share. This extends the company's records for the longest consecutive annual and quarterly dividend payments among industrial companies listed on the New York Stock Exchange. The dividend is payable on Tuesday, December 16, 2008 to shareowners of record on Friday, December 5, 2008.

John F. Lundgren, Chairman and Chief Executive Officer, said: "Strong cash flows continue to validate the high quality of our earnings as well as the importance of a renewed focus on working capital management. This is the 455th consecutive quarter in which Stanley has paid a cash dividend. We are proud of our long dividend history and of extending that record particularly in today's difficult economic environment."

The Stanley Works, an S&P 500 company, is a diversified worldwide supplier of tools and engineered solutions for professional, industrial, construction and do-it-yourself use, and security solutions for commercial applications.

Just fodder for conversation.

Posted by: JohnQuimby | October 25, 2008 4:52 PM | Report abuse

Re: Stanley Works....

World-wide tax burden for the company fell from 32% of net proft before taxes to 24% over the most recent five years posted on the company's website. This reduction in relative tax burden came as net profit before taxes rose from $200 million to $358 million over the same period.

Gross profit margins rose to a record 38.5% in the 3rd quarter of 2008.

The company is doing quite well while its relative tax burden has been falling since 2001.

If Stanley works laid off workers in 2002 it did it for a reason other than it couldn't reincorporate in Bermuda because of "political" pressure.

How about it laid off workers because of corporate greed??

10 more days.

Posted by: toritto | October 25, 2008 4:50 PM | Report abuse

Economics 103A
From the NOTORIOUS NEW YORK TIMES-

COMPANY NEWS; STANLEY WORKS SAYS IT WILL TRIM 1,000 JOBS
Toolmaker Stanley Works will lay off about 1,000 workers as part of drive toward 15 percent operating profit margin; also lowers its earnings outlook

April 10, 2003

(BUT NOT ITS US TAX OUTLOOK!!! but OBAMA won't learn from the past so FLAVIO and the rest of us will suffer as he "learns on the job", as Biden said...)

Posted by: thecannula | October 25, 2008 4:41 PM | Report abuse

I read your post. I understand the argument and I respectfully question the premise.

If Stanley was making really good high button shoes or terrific buggy whips
they'd have the same problem.

I wouldn't be so quick to brush off Greenspan. What he's saying is that deregulation allowed management to fail.

It's an oversimplification to blame business failure or movement offshore on tax policy. Especially since companies that got tax breaks didn't reinvest in their market.

When worker wages decline, workers don't buy premium products like Stanley tools. When workers don't own real property, the banks become landlords. When corporations lobbied for and got tax breaks, you and I paid a larger share for underfunded services like schools, the courts, roads, defense and everything else that maintains the value of real property.

Nothing personal, I'm just not currently in the market for an ideology that has totally failed.

Posted by: JohnQuimby | October 25, 2008 4:33 PM | Report abuse

In a twisted sort of way I almost want McCain to win this election because four more years worth of failed Bush/McCain policies would for all intents and purposes be the end of the Republican party as we know it today. They would become the 4th party gadflies that they deserve to be.


The only question is, would this country survive it?


You people out there who live in economic downtrodden states like Ohio, West Virgina and Pa etc, if you are stupid enough to vote for McCain you will deserve every single bit of economic hardship that a McCain presidency will give you.
.
http://www.youtube.com/watch?v=YxT0s_I5WtA
.

Posted by: DrainYou | October 25, 2008 4:31 PM | Report abuse

ECONOMICS 104 - Lab

The Publication: "National Review" is as credible as say....Ashley Todd the auto-mugger.

McNuts have to stick together. (ewww!)

Posted by: thenotoriousflavio | October 25, 2008 4:30 PM | Report abuse

"Our economy is structurally sound for the long term"
George W Bush - Feb 11, 2008


"The American people can remain confident in the soundness and the resilience of our financial system"
Henry Paulson - Sept 15, 2008


"The economy is fundamentally sound"
Herbert Hoover - October, 1931


"The fundamentals of our economy are strong"
John McCain - Sept 15, 2008


McCain does not have the ability to fix this economic crisis. After declaring the fundamentals of the economy strong, he created a political circus in Washington by mucking up bailout negotiations; a deplorable campaign stunt, considering he and his political cronies helped cause the current meltdown.


It was McCain and his economic adviser Phil Gramm who pushed for the deregulation that helped lead to the banking crisis, and it was McCain's crony Rick Davis who had deep lobbyist ties to Freddie Mac. Don't let others be fooled by McCain's economic grandstanding because the reality is his policies and principles will only exacerbate our financial hardships.


McCain is being deceitful with his sudden populist message and support for regulation; his economic policies still favor our nation's wealthy elite.
.
http://www.youtube.com/watch?v=C4egXbhSOhk
.

Posted by: DrainYou | October 25, 2008 4:23 PM | Report abuse

One Lib says I'm not REALLY a small businessman, the next, with the unfortunate name "Drain You", says I've been "screwing the middle class for years"!-

I'm a child of the lower middle class, AND the middle class's best friend- I'm a successful small businessman, who EMPLOYS the middle class....and pays well and fairly. BUT Obama wants to take his cut of my profits to give "TAX CREDITS" to people whose taxes he CAN'T CUT because they pay no federal income tax!

So, I'LL CUT one job from my payroll and then HE can give that lucky person a TAX CREDIT.
AND THEY can thank OBAMA!

Posted by: thecannula | October 25, 2008 4:21 PM | Report abuse

JohnQuimby- Greenspan's mea culpas aside, increasing taxes on the small businesses that employ people during a time of increasing unemployment, destabilized markets, and a downward spiriling economy is lunacy- it will increase unemployment in the small business sector and either drive big business overseas or increase unemployment in their sector as well (see Stanley tool work example I posted- Economics 103).

Posted by: thecannula | October 25, 2008 4:13 PM | Report abuse

McCain knows all about bailing out rich bankers and screwing over middle class and poor people, he's been doing it for years:
.
http://www.youtube.com/watch?v=HAzDEbVFcg8
.


*McCain - Founding Member of the Keating 5


McCain was one of the "Keating Five," congressmen investigated on ethics charges for strenuously helping convicted racketeer Charles Keating after he gave them large campaign contributions and vacation trips.


Charles Keating was convicted of racketeering and fraud in both state and federal court after his Lincoln Savings & Loan collapsed, costing the taxpayers $3.4 billion. His convictions were overturned on technicalities; for example, the federal conviction was overturned because jurors had heard about his state conviction, and his state charges because Judge Lance Ito (yes, that judge) screwed up jury instructions. Neither court cleared him, and he faces new trials in both courts.)


McCain intervened on behalf of Charles Keating after Keating gave McCain at least $112,00 in contributions. In the mid-1980s, McCain made at least 9 trips on Keating's airplanes, and 3 of those were to Keating's luxurious retreat in the Bahamas. McCain's wife and father-in-law also were the largest investors (at $350,000) in a Keating shopping center; the Phoenix New Times called it a "sweetheart deal."


McCain was not convicted of any crimes, though the Senate concluded that he exercised "poor judgment." (Furthermore, he got off on some charges by a technicality -- that he was still in the House when he took those vacation trips, and so the Senate couldn't prosecute him. The House concluded that THEY couldn't prosecute him because he had moved to the Senate.)


Here's some more mavericky straight-talk, my friends:
.
http://www.realchange.org/mccain.htm
.

Posted by: DrainYou | October 25, 2008 4:10 PM | Report abuse

News thecannula can use:

"I made a mistake in presuming the self-interests of organizations, specifically banks and others, were such as that they were best capable of protecting their own shareholders and their equity in the firms."

Alan Greenspan - Congressional Testimony

Posted by: JohnQuimby | October 25, 2008 3:54 PM | Report abuse

MCCAIN IS OUT OF TOUCH WITH MIDDLE-CLASS AMERICA'S ECONOMIC TROUBLES! McCain in April 08 declared that there had been "great progress economically" during the Bush years. On more than one occasion, he diagnosed Americans' concerns over the dismal U.S. economy as "psychological." (Phil Gramm, McCain's close friend and economic adviser supposedly excommunicated over his "whiners" remarks, is back with the McCain campaign full time again.) McCain, a man who owns eight homes nationwide, in March lectured Americans facing foreclosure that they ought to be "doing what is necessary -- working a second job, skipping a vacation, and managing their budgets -- to make their payments on time." And when all else fails, McCain told the people of the economically devastated regions in Martin County, Kentucky and Youngstown, Ohio, there's always eBay. McCain doesn't understand our tanking economy because it doesn't affect him.
http://www.youtube.com/watch?v=PZxIYTEDARU

The $100 Million Man
Courtesy of his wife Cindy's beer distribution fortune (one her late father apparently chose not to share with her half-sister Kathleen), the McCains are worth well over $100 million. (In the two-page tax summary she eventually released to the public, Cindy McCain reported another $6 million in 2006.) As Salon reported back in 2000, the second Mrs. McCain's millions were essential in launching her husband's political career. Unsurprisingly, the Weekly Standard's Matthew Continetti, who four years ago called Theresa Heinz-Kerry a "sugar mommy," has been silent on the topic of Cindy McCain.

The Joys of (Eight) Home Ownership
While fellow adulterer John Edwards was pilloried for his mansion, John McCain's eight homes around the country have received little notice or criticism. His properties include a 10 acre lake-side Sedona estate, euphemistically called a "cabin" by the McCain campaign, and a home featured in Architectural Digest. The one featuring "remote control window coverings" was recently put up for sale. Still, their formidable resources did not prevent the McCains from failing to pay taxes on a tony La Jolla, California condo used by Cindy's aged aunt.

The Anheuser-Busch Windfall
While John McCain played a critical role in facilitating DHL's takeover of Airborne (and with it, the looming loss of 8,000 jobs in Wilmington, Ohio), Cindy McCain is set to earn a staggering multi-million dollar pay-day from the acquisition of Anheuser-Busch by the Belgian beverage giant, In Bev. As the Wall Street Journal reported in July, Mrs. McCain runs the third largest Anheuser-Busch distributorship in the nation, and owns between $2.5 and $5 million in the company's stock.
http://www.youtube.com/watch?v=ek3jAkx9m10

Posted by: DrainYou | October 25, 2008 3:54 PM | Report abuse

ECONOMICS 103- Lab

Stanley (tool) Works- a Choice Between Jobs and Tax Bill- Raise Business Taxes=Layoffs!

Voting with their feet: when companies 'reincorporate abroad,' are they being unpatriotic? Or responsible?

Publication: National Review
Publication Date: 23-FEB-04 Format: Online

IMAGINE you are the CEO of a major multinational firm. Your chief financial officer comes to you and says if you move your legal home from the United States to Bermuda the company will have a 20 percent increase in net profits. With the increased profits, the company will be able to expand production, hire more workers, more R&D, and pay stockholders a higher dividend.

However, your VP for government relations tells you that if the company changes its legal home you, as the CEO, will be accused of being unpatriotic by some members of Congress and certain presidential candidates. Even worse, these same politicians will threaten to bar your company from obtaining U.S. government contracts, and demand that the IRS and government regulatory agencies single out your company for special scrutiny.

As the CEO of the company, you know you have a fiduciary responsibility to your stockholders to maximize their economic return by all legal and ethical means. You also know that the proposal to move your company is entirely legal and would be considered good management practice. You are also aware that many of the politicians who are likely to attack you are the same people who attacked managers in other industries, like mutual funds, for not being good custodians of investors' money. Despite what thoughtful people will clearly recognize as hypocrisy, those political attack dogs can cause considerable damage to you and your company as they have to other firms engaged in similar totally legal and appropriate behavior.

The Stanley Works (tools) company, for example, had planned in 2002 to reincorporate in Bermuda, in the hope of lowering its tax bill. The move was ditched, however, after political pressure was brought to bear on the company. Subsequently, Stanley was forced to lay off about 1,000 of its U.S. staff.


Posted by: thecannula | October 25, 2008 3:45 PM | Report abuse

Mccain neeeds alot of good talk about him watch funny video http://www.frizle.com

Posted by: roverfind | October 25, 2008 3:17 PM | Report abuse

Here's an important statement about economic policy from Sarah Palin:

"I say, you know, when is enough enough of taxpayer dollars being thrown into this bill out there?" she asked. "This next one of the Democrats being proposed should be very, very concerning to all Americans because to me it sends a message that $700 billion bailout, maybe that was just the tip of the iceberg. No, you know, we were told when we've got to be believing if we have enough elected officials who are going to be standing strong on fiscal conservative principles and free enterprise and we have to believe that there are enough of those elected officials to say, 'No, OK, that's enough.'"

Now that she's made herself perfectly clear, can I respectfully say that many people I strongly disagree with on The Trail make a lot more sense than the Governor of Alaska.

The rest of you might as well get back on that barstool and stay drunk.

By the the way Cannula, the rich guy said you'd be happy to pick up the check.

Posted by: JohnQuimby | October 25, 2008 3:16 PM | Report abuse

''Domestic Terrorism''.....................

Picture the scene on the ''Wall Street'' trading floors as..............

McCain and Palin walk into the ''Rose Garden'' to address the Nation........

Posted by: rodhemeon | October 25, 2008 3:12 PM | Report abuse

South Carolina must be so proud of all Graham has done for his state:

S. C. ranks #46 in the Union for percentage of persons with college degrees.

S. C. ranks #1 in the Union for mobile homes as a percentage of total housing units.

S. C. ranks #43 in per capita income

S. C. has the 9th highest poverty level.

S. C. ranks #1 in violent crimes per 100,000 people and #2 in total crime per 100,000 people.

S. C. ranks #40 in total annual pay per worker and has the 5th highest unemployment rate in the Union.

Keep voting Republican folks! Being a solid red state has done you a lot of good!!

Posted by: toritto | October 25, 2008 3:05 PM | Report abuse


Bar Stool Economics 102
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes,
it would go something like this:

The first four men (the poorest) would pay nothing. -- drank nothing.
The fifth would pay $1 -- drank tap water.
The sixth would pay $3. -- drank giner-ale
The seventh would pay $7. -- drank bud
The eighth would pay $12. -- drank heineken
The ninth would pay $18. -- drank gin and tonic
The tenth man (the richest) would pay $59.-- drank top shelf XO and wrote it off as a business expense

the rest is bull

Posted by: thenotoriousflavio | October 25, 2008 2:34 PM | Report abuse

The rich suds guy is going to show up at the bar anyway.

Think the rich suds guy is going to move permanently overseas and give up incorporation in the U.S. and the benefits of its legal system and its markets in order to incorporate in Europe (even more ""socialist") or China ("communist") or Latin America? (naah) or India perhaps.

Remember: When you incorporate somewhere else you MAY get a more agreeable tax policy, but you also get the entire legal system and the political/economic risk.

Why the hell do you think foreigners invest so much money here?

Grow up - that rich guy got rich thanks to the U. S. - he benefits from it everyday.

:-)

10 more days......

Posted by: toritto | October 25, 2008 2:31 PM | Report abuse

The media keeps running it in the ground about what Sarah Palin spent on her clothing. Was it $150,000? You betcha.

Doggone it, Obama spent more than $5 million on a one night event and that was during the Democratic Convention outdoors. The money was spent on a one time, one night only event. Sarah Palin's clothing can be donated to charity. Obama's $5 million is just dust in the wind.

$830,000 to ACORN. Now, who gave that money? Obama. ACORN has a history of voter fraud and workers have been convicted in years past for this. When did Obama give the $830,000? 2008. You betcha!

Posted by: sonnychiba72 | October 25, 2008 2:29 PM | Report abuse

No, not all the great economists come from Harvard. More to the point, however, Dr. Dave is seemingly not a great economist. He confuses such optional expenses as going out for suds with the obligation to pay income tax. Raising money to pay for roads, schools, police&fire, and other government expenses is not analogous to going out for drinks.

Posted by: bokonon13 | October 25, 2008 2:22 PM | Report abuse

Great analogy, Dr. Dave! Thanks for sharing. What about them dawgs? Go Bulldogs!

All the great economists do not come from Harvard.

Posted by: sonnychiba72 | October 25, 2008 2:12 PM | Report abuse

BUSH/MCCAIN THE REAL SOCIALISTS

We've barely survived eight years of the most secretive US Government in history...SOCIALIST!

At every turn, BUSH's administration has tried to usurp as much power for the exectuve branch they could...SOCIALIST!

They illegally loaded the Justice Department with unqualified, religious extremists.......SOCIALIST!

The spied on US citizens, engaged in torture of prisoners, and sold our beloved Consititution down the river with the "Patriot Act"...SOCIALIST!

BUSH proposes and MCCAIN signs the biggest corporate welfare bailout in history!...PURE SOCIALIST!

MCCAIN was just another BUSH puppet.

OBAMA '08
He aint' perfect
But he ain't a socialist Republican
And that's all that counts!

Posted by: thenotoriousflavio | October 25, 2008 2:03 PM | Report abuse

Bar Stool Economics 101
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes,
it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do.
The ten men drank in the bar every day and seemed
quite happy with the arrangement, until one day,
the owner threw them a curve.
'Since you are all such good customers, he said, 'I'm going to reduce the cost of your daily beer by $20.
Drinks for the ten now cost just $80.
(So he reduced their bill in proportion to what they currently paid-)
'I only got a dollar out of the $20,'declared the sixth man.
He pointed to the tenth man,' but he got $10!'

'Yeah, that's right,' exclaimed the fifth man.
'I only saved a dollar, too. It's unfair that he got ten times more than I!'
'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!'
'Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor!'

The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.
Professor of Economics, University of Georgia
For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible

Posted by: thecannula | October 25, 2008 2:02 PM | Report abuse

BUSH/MCCAIN THE REAL SOCIALISTS

We've barely survived eight years of the most secretive US Government in history...SOCIALIST!

At every turn, BUSH's administration has tried to usurp as much power for the exectuve branch they could...SOCIALIST!

They illegally loaded the Justice Department with unqualified, religious extremists.......SOCIALIST!

The spied on US citizens, engaged in torture of prisoners, and sold our beloved Consititution down the river with the "Patriot Act"...SOCIALIST!

BUSH proposes and MCCAIN signs the biggest corporate welfare bailout in history!...PURE SOCIALIST!

MCCAIN was just another BUSH puppet.

OBAMA '08
He aint' perfect
But he ain't a socialist Republican
And that's all that counts!

Posted by: thenotoriousflavio | October 25, 2008 2:02 PM | Report abuse

South Carolina must be so proud of all Graham has done for his state:

S. C. ranks #46 in the Union for percentage of persons with college degrees.

S. C. ranks #1 in the Union for mobile homes as a percentage of total housing units.

S. C. ranks #43 in per capita income

S. C. has the 9th highest poverty level.

S. C. ranks #1 in violent crimes per 100,000 people and #2 in total crime per 100,000 people.

S. C. ranks #40 in total annual pay per worker and has the 5th highest unemployment rate in the Union.

Keep voting Republican folks! Sure has done you a lot of good!!

Posted by: toritto | October 25, 2008 2:02 PM | Report abuse

Bar Stool Economics 101
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes,
it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do.
The ten men drank in the bar every day and seemed
quite happy with the arrangement, until one day,
the owner threw them a curve.
'Since you are all such good customers, he said, 'I'm going to reduce the cost of your daily beer by $20.
Drinks for the ten now cost just $80.
(So he reduced their bill in p[roportion to what they currently paid-)
'I only got a dollar out of the $20,'declared the sixth man.
He pointed to the tenth man,' but he got $10!'

'Yeah, that's right,' exclaimed the fifth man.
'I only saved a dollar, too. It's unfair that he got ten times more than I!'
'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!'
'Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor!'

The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.
Professor of Economics, University of Georgia

Posted by: thecannula | October 25, 2008 1:59 PM | Report abuse

BUSH/MCCAIN THE REAL SOCIALISTS

We've barely survived eight years of the most secretive US Government in history...SOCIALIST!

At every turn, BUSH's administration has tried to usurp as much power for the exectuve branch they could...SOCIALIST!

They illegally loaded the Justice Department with unqualified, religious extremists.......SOCIALIST!

The spied on US citizens, engaged in torture of prisoners, and sold our beloved Consititution down the river with the "Patriot Act"...SOCIALIST!

BUSH proposes and MCCAIN signs the biggest corporate welfare bailout in history!...PURE SOCIALIST!

MCCAIN was just another BUSH puppet.

OBAMA '08
He aint' perfect
But he ain't a socialist Republican
And that's all that counts!

Posted by: thenotoriousflavio | October 25, 2008 1:59 PM | Report abuse

McCain and the "VICTORY" shame game

McCain and the Republicans bring dishonor to our troops by applying the "Victory/Defeat" label to Iraq.

Our troops have followed their orders and have served with honor and dignity in Iraq. To add this polarizing label is to add the burden of shame to the backs of troops that already have suffered enough. As a Vietnam vet, McCain should know what the vets of that era went through when they came home and were labeled losers.

General Patraeus himself said he'd "Never Declare Victory" in this interview on 9/11/08 of all days!

McCain is wrong and just doesn't get it-- he should be ashamed.

Posted by: thenotoriousflavio | October 25, 2008 1:57 PM | Report abuse

Bar Stool Economics 101
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes,
it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do.
The ten men drank in the bar every day and seemed
quite happy with the arrangement, until one day,
the owner threw them a curve.
'Since you are all such good customers, he said, 'I'm going to reduce the cost of your daily beer by $20.
Drinks for the ten now cost just $80.
'I only got a dollar out of the $20,'declared the sixth man.
He pointed to the tenth man,' but he got $10!'

'Yeah, that's right,' exclaimed the fifth man.
'I only saved a dollar, too. It's unfair that he got ten times more than I!'
'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!'
'Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor!'

The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.
Professor of Economics, University of Georgia

Posted by: thecannula | October 25, 2008 1:57 PM | Report abuse

People keep trotting out that "Fact check" article on BHO's birth certificate expecting it to prove something, when in fact it proves nothing. In fact, I list eleven things wrong with that "fact check" here:

http://24ahead.com/blog/archives/008184.html

The bottom line is that it's false to *definitively* state that he was born in HI.

Posted by: LonewackoDotCom | October 25, 2008 1:39 PM | Report abuse

Sen. Lindsey Graham we respect your opinion and would like you to meet our Democrat, Obamacan and Independent Football Team.

Obama/Biden's Football Team
http://www.youtube.com/watch?v=55BZ2gSsSmY

Change we need
Obama/Biden '08

Posted by: cooday | October 25, 2008 1:35 PM | Report abuse

By the way...I hate to even acknowledge you, since you are probably crazy. But here goes: as regards Obama's status as a "natural born" citizen, sonnychiba72, have you bothered looking at the facts?

http://www.factcheck.org/elections-2008/born_in_the_usa.html

(Irony alert: though Congress has ruled him to be "natural born," McCain was born in Panama.)

Posted by: Bertilak | October 25, 2008 1:19 PM | Report abuse


Really funny stuff from a guy who doesn't believe in habeas corpus. I guess I could give a talk titled "How Lindsey Graham has Stood Up for the United States Constitution." But I wouldn't, because of that.

Posted by: Bertilak | October 25, 2008 1:13 PM | Report abuse

There are many unanswered questions about Obama. He has never released the original vault copy of his birth certificate.
With all the stories swirling about Obama being born in Kenya, about his Indonesian citizenship and about he being the son of Frank Marshall Davis, I think he should release his original vault copy of his birth certificate to stop the stories once and for all. Yet, he refuses to do so.

Unless Obama is a natural born citizen, he cannot become President.

Barry Soetoro was Obama's Indonesian name. How did he become a citizen of Indonesia, which at that time did not allow dual citizenship, without giving up his American citizenship? If he did so, when, how and where did he regain his American citizenship.

Obama has a lot of explaining to do to the American people. Law suits are already being filed, not only in Pennsylvania, but in many states to force Obama to release his original birth certificate. People are filing petitions with their individual state Secretary of State asking them to provide and to present proof that Obama is or is not a natural born citizen without showing a computer made copy of a birth certificate, which was not made in Obama's birth year.

Unless Obama complies before the election about his birth certificate, our country may well be in a Constitutional crisis.

Posted by: sonnychiba72 | October 25, 2008 12:51 PM | Report abuse

The conduct of the Obama supporters is certainly being noticed. Vicious, verbal attacks and even physical attacks whenever someone is critical of Obama.

This is exactly why the Bradley Effect will be stronger this year than it was in the 90's. Why? Because people don't like to be attacked, being called racists and being intimidated, so they just say "I'm voting for Obama!"

I admire anyone who is in full support of Obama but when they begin to go off on people who are not for Obama, then I have a problem with that. America is still a Deomocracy and I don't have to vote for Obama due to intimidation, due to media shoving him down my throat and due to attempts to be manipulated.

Posted by: sonnychiba72 | October 25, 2008 12:35 PM | Report abuse

Having spent a great deal of time and effort not only following all aspects of both candidates, I find that many have done their research. I have already voted by absentee ballot in CA. I have voted for Senator John McCain. I don't agree with everything he stands for, but I totally do not want to see Senator Obama in office. He does not have the experience to guide this fine country in the next four years. Most of all, I really think the Democrats should reevaluate their letting Pelosi be in office at all.
Look at Obama refusal to list donors under $200, why not? What is there to hide? How about the numerous illegal donations his campaign has received and failed to return. What about the Philedelphia lawsuit questioning whether he is an American citizen, why didn't they produce his real birth certificate in court? What again, is there to hide. Yes, they posted one on their site, but take a close look at it. Taxes, is another issue, he claims to be on the lower wage earner's side, I don't think so, as what will happen is taxes will go up in other areas to cover that cost. Healthcare plan, he doesn't have a real clue on that issue. I worked in that field dealing daily with the insurance companies. Immigration, of course he would be for illegals with his background. We have been supporting way too many people who shouldn't be on the taxpayers paycheck, remember I said I worked in that industry, well, many are getting a free ride on the taxpayers. I am a pro choice person and that is one of the areas I don't agree with Senator McCain on, but there are many of us out here. Housing is another example of what is wrong with our government. The average homeowner needs help now, to not only try to save their homes, but to understand how to go about it. They did not understand when sold these great subprime loans, most don't including the very people who pushed them. Try to deal with a lender and get the nonsense they give you. So that area needs serious addressing.
No one likes a war or to send a loved one to one, but they happen, how America deals with one, is the problem. Yes, we all want it over but we have to do it in the right way. Wars are started due to money, read your history.

Now that gas is down, why aren't we making the companies that raised all the prices on most everything lower them. They won't but we should try as we can't afford them.

So do as I did and please vote.

Posted by: cmputz195 | October 25, 2008 12:32 PM | Report abuse

Here's an important statement about economic policy from Sarah Palin:

"I say, you know, when is enough enough of taxpayer dollars being thrown into this bill out there?" she asked. "This next one of the Democrats being proposed should be very, very concerning to all Americans because to me it sends a message that $700 billion bailout, maybe that was just the tip of the iceberg. No, you know, we were told when we've got to be believing if we have enough elected officials who are going to be standing strong on fiscal conservative principles and free enterprise and we have to believe that there are enough of those elected officials to say, 'No, OK, that's enough.'"

Now that she's made herself perfectly clear, can I respectfully say that many people I strongly disagree with on The Trail make a lot more sense than the Governor of Alaska.

Posted by: JohnQuimby | October 25, 2008 12:25 PM | Report abuse

To thecannula:

I want to apologize for the snarky egg/face remark at the end of my last posting.

I still stand by the rest of my comments, but I did not live up to my own desire to keep the tone to reasonable level of debate and exchange of ideas.

I use to admire John McCain for his integrity and principles and seriously considered voting for him at times even though I disagreed with him policy-wise on a number of issues.

But I cannot comprehend the John McCain we see now and the campaign he is conducting to win the presidency. While both sides have engaged in egregious distortions (Obama's social security seniors scare) McCain/Palin has dragged this into the sewers.

The one thing I am thankful for is that it seems that the slimy insinuations they are throwing around is sticking more on them this year than on Obama.

John McCain has hired the very same people to take down Obama that slimed McCain eight years ago. The very same people who McCain "deserved a special place in hell" are now working for him.

This socialist-terrorist-unpatriotic theme that McCain/Palin are expounding - rather than giving us innovative ideas based on sound conservative principles, is simply disgusting. So much for integrity.

If you want to argue that Obama is more of the socialist than McCain - that seems more reasonable. Doesn't work well on bumper stickers - but more reasonable.

If you want to argue that "I will vote for McCain because I make more than $250,000 and Obama will raise my taxes" - That is also reasonable. Unfortunately you are in a very small minority - less than 5% of Americans. Not many votes there.

If you want to argue that increased taxes = lost jobs, decreased taxes = more jobs. that is a good debate.

Over eight years Clinton increased taxes on the wealthy and we had increased jobs, higher standard of living for more Americans and record government surpluses.

Over eight years Bush decreased taxes on the wealthy and we had job losses, stagnating or declining incomes for most Americans and mindblowing deficits.

Discuss.

Anyway - sorry for the face/egg remark.



Posted by: xerxestrust | October 25, 2008 12:14 PM | Report abuse

Latest statement from Joe the Adviser on Sarah Palin:

"Thank God, she's not gonna have to be president from day one, because McCain's going to be alive and well."

Now that's inspiring.

Posted by: JohnQuimby | October 25, 2008 12:01 PM | Report abuse

I'm a lifelong Democrat, but I can't help responding to this guy's reasoning. Like it or not, he makes a lot of 'down home' sense and he's not a big city machine politician. Maybe it's the economic downturn, but I'm beginning to think I would feel safer with guys like him in control. Maybe it's because I grew up in the South.

Posted by: turryl | October 25, 2008 11:51 AM | Report abuse

McCain and the "VICTORY" shame game

McCain and the Republicans bring dishonor to our troops by applying the "Victory/Defeat" label to Iraq.

Our troops have followed their orders and have served with honor and dignity in Iraq. To add this polarizing label is to add the burden of shame to the backs of troops that already have suffered enough. As a Vietnam vet, McCain should know what the vets of that era went through when they came home and were labeled losers.

General Patraeus himself said he'd "Never Declare Victory" in this interview on 9/11/08 of all days!

McCain is wrong and just doesn't get it-- he should be ashamed.

Posted by: thenotoriousflavio | October 25, 2008 11:37 AM | Report abuse

Check out this video of a McCain male campaign employee threatening a female journalist:

http://liesliesmorelies.blogspot.com/2008/10/mccain-campaign-employee-menaces-woman.html

Posted by: Snakeheader | October 25, 2008 11:30 AM | Report abuse

Senator Lindsey Graham is a class act. He lost both is parents by age 22 and he adopted his younger sister. Senator Graham is the only Senator who is still an active member of the US Military and the only one who is an Iraq veteran; he is also a Gulf War Vet and he is still in the Air Force Reserves.

I don't know what position he played in football but whatever the position he played, you can rest assured he was a hell bent for leather type team player!

America needs more leaders like Senator Lindsey Graham.

Posted by: sonnychiba72 | October 25, 2008 11:24 AM | Report abuse

"Mush mouth" Lindsey Graham may be the biggest "blowhard" in the Senate. Just when you think South Carolina couldn't top Strom Thurmond, guess what? Keep them "Stars & Bars" flyn', Bubba

Posted by: NotBubba | October 25, 2008 11:20 AM | Report abuse

Did your small business net more than $250k?

I thought the tax was based on net profits, which after expenses are much lower than your gross.

Also don't most businesses once significantly profitable move from being S corps to C corps to get the lower non-personal tax rates?

Also don't forget Obama's plan has a 50% tax credit on businesses healthcare expenses for employees.

"My small business grossed many times Obama's glass ceiling last year and employed one more person this year than it will employ next year if my taxes are raised by 3% PLUS 15.65% (payroll cap elimination) as Obama would do!

Posted by: thecannula"

Posted by: nowanna3 | October 25, 2008 11:14 AM | Report abuse

McCain has been harping of 'being tested' - He took the test and all of use graded his paper -...............

http://thefiresidepost.com/2008/10/25/testing-john-mccain-and-barack-obama/

Posted by: glclark4750 | October 25, 2008 11:14 AM | Report abuse

Has any one seen this video of McCain cussing at Obama supporters at the McCain Rally? http://www.mccanes.com I cant tell if it is real or not.

Huckabee is the GOP favorite for 2012, Obama is the Dem favorite. according to a new poll at http://www.skip08.com

Posted by: pastor123 | October 25, 2008 11:02 AM | Report abuse

To thecannula who states:
"That's very nice to know: his CURRENT tax poicy supports a tax cut for the middle class!- WHEN DID HE SUPPORT HIGHER TAXES ON THE WEALTHY TO ISSUE WELFARE IN THE FORM OF "TAX CREDITS" to those who currently pay NO federal income tax Einstein?"

Simple - apparently thecannula has not read McCain's Health plan - where he, for the first time, imposes new taxes on everyone who receives employer-based health benefits.

McCain uses this new tax to pay for his health tax credit to individuals ($2500) and families ($5000). This credit is refundable EVEN IF THEY DO NOT PAY FEDERAL INCOME TAXES.

McCain himself admitted in the debates that people who currently receive "cadillac" health plans would pay out more (see their taxes increase) than the benefit they would get from the credit.

But what McCain failed to mention though is that as health care costs rise in the next few years, more and more people will see their tax burden go up and fall into this category of getting screwed in the end by his health care plan. Of course if someone doesn't pay federal income they still reap the health benefit. Sound familiar?

Lets also not forget that last year Gov. Palin imposed scurrilous windfall taxes on the hard working, patriotic Joe EXXON Oil industry in Alaska and "shared the wealth" by distributing it Alaskans, whether they paid taxes or not.

So by McCain/Palin's own definition - THEY ALSO ARE SOCIALISTS.

thecannula's face - meet egg.


Posted by: xerxestrust | October 25, 2008 10:13 AM | Report abuse

To thecannula: A cannula (from Latin "little reed"; plural cannulae) is a flexible tube which when inserted into the body is used either to withdraw fluid or insert medication.

Well "little reed" McCain has advocated the graduated tax system that Obama wants to return to.

People like to argue theory and statistics but it's as simple as this: Are you better off now then you were eight years ago?

Posted by: seemstome | October 25, 2008 10:10 AM | Report abuse

Well, John McCain must have once been a socialist, because it turns out that for years he supported higher taxes on the wealthy to pay for lower taxes on the middle-class.
Drain You

That's very nice to know: his CURRENT tax poicy supports a tax cut for the middle class!- WHEN DID HE SUPPORT HIGHER TAXES ON THE WEALTHY TO ISSUE WELFARE IN THE FORM OF "TAX CREDITS" to those who currently pay NO federal income tax Einstein?

Again, I'll observe Shakespeare was correct- What's In a Name?
YOUR name says it all "DRAIN YOU"- WAIT, is this OBAMA himself writing?, for certainly he wishes to drain the employers of this country by draining profit from those small businesses that employ people to give welfare check/tax credits to those who wish to be employed...encouraging unemployment and discouraging initiative (just the opposite of Bill Clinton's Welfare Reform Initiatives, but In Keeping with Karl Marx's)

"From each according to their ability, to each according to their need"
K Marx 1875
B Obama 2008

Drain me? No Drain You!

Posted by: thecannula | October 25, 2008 8:08 AM | Report abuse

Obama tribute video a must see

http://www.youtube.com/watch?v=RYt0VhVmlq4

Posted by: beebizzz | October 25, 2008 1:13 AM | Report abuse

MCCAIN IS A SOCIALIST!!!


Down in the polls, John McCain's Divide & Flail™ strategy is to call Barack Obama's tax cut for 95% of Americans "socialism."


Well, John McCain must have once been a socialist, because it turns out that for years he supported higher taxes on the wealthy to pay for lower taxes on the middle-class.


The YouTubes don't lie:
.
http://www.youtube.com/watch?v=d8EyGpOU3qM
.

Posted by: DrainYou | October 25, 2008 1:05 AM | Report abuse

MCCAIN IS A SOCIALIST!!!


Down in the polls, John McCain's Divide & Flail™ strategy is to call Barack Obama's tax cut for 95% of Americans "socialism."


Well, John McCain must have once been a socialist, because it turns out that for years he supported higher taxes on the wealthy to pay for lower taxes on the middle-class.


The YouTubes don't lie:
.
http://www.youtube.com/watch?v=d8EyGpOU3qM
.

Posted by: DrainYou | October 25, 2008 1:04 AM | Report abuse

2 Lies Constantly Told about
Obama's Tax Poicy-

1. Same as Clinton's- Nope, Bill said in 1988 that Raising the Cap on Payroll Taxes was "REGRESSIVE" (ouch)

2. 98% of small businesses make less than 250K- ONLY if one counts everyone selling used license plates on EBAY- A Much Larger Percentage of Small businesses that EMPLOY (AND WILL LAY OFF) PEOPLE make over 250K a year.


My small business grossed many times Obama's glass ceiling last year and employed one more person this year than it will employ next year if my taxes are raised by 3% PLUS 15.65% (payroll cap elimination) as Obama would do!

So, if Obama's elected, add my small business and others like it to the big businesses already laying off this quarter- Yahoo, Ebay, Sprint, Alcoa,Chrysler, etc.
Keep those tax rates rising on employers Obama....even Bill Clinton called raising the payroll cap "Regressive"...that's what Obama's tax policy is Bill!

Posted by: thecannula | October 25, 2008 12:20 AM | Report abuse

2 Lies Constantly Told about
Obama's Tax Poicy-

1. Same as Clinton's- Nope, Bill said in 1988 that Raising the Cap on Payroll Taxes was "REGRESSIVE" (ouch)

2. 98% of small businesses make less than 250K- ONLY if one counts everyone selling used license plates on EBAY- A Much Larger Precentage of Small businesses that EMPLOY (AND WILL LAY OFF) PEOPLE make over 250K a year.


My small business grossed many times Obama's glass ceiling last year and employed one more person this year than it will employ next year if my taxes are raised by 3% PLUS 15.65% (payroll cap elimination) as Obama would do!

So, if Obama's elected, add my small business and others like it to the big businesses already laying off this quarter- Yahoo, Ebay, Sprint, Alcoa,Chrysler, etc.
Keep those tax rates rising on employers Obama....even Bill Clinton called raising the payroll cap "Regressive"...that's what Obama's tax policy is Bill!

Posted by: thecannula | October 25, 2008 12:18 AM | Report abuse

Wrong Lindsey...Palin is a gift which is giving and giving every day, every time she opens her stupid lying mouth...Thanks John McCain you brought her in.

Posted by: Jarda1 | October 25, 2008 12:14 AM | Report abuse

"I played high school football for four years," Graham noted as he surveyed the crowd from the 50-yard line.


Gee, why do I have the feeling that Lindsey played the "receiver" position?....not that there's anything wrong with that.

Posted by: DrainYou | October 25, 2008 12:01 AM | Report abuse

Hey! Graham stole my line about Palin! The bumb!

Keep laughing Lindsey G., you just might be the next Graham to retire from the senate.

Posted by: wes1155 | October 24, 2008 11:09 PM | Report abuse

And then McCain came onstage to say first that he would be Nancy Pelosi and Harry Reid's worst nightmare, and second that he would be reaching across the aisle to get things done.

Make up your mind, man!

Posted by: john95409 | October 24, 2008 11:00 PM | Report abuse

MCCAIN'S OWN WORDS IN 2000 - HE'S A SOFT SOCIALIST FLIP-FLOPPER

STUDENT: Why is it that someone like my father who goes to school for 13 years gets penalized in a huge tax bracket because he's a doctor. Why is that - why does he have to pay higher taxes than everybody else? Just because he makes more money. How is that fair?

MCCAIN: I think you're questioning, questioning the fundamentals of a progressive tax system where people who make more money pay more in taxes than a flat across the board percentage. I think it's to some degree because we feel obviously that wealthy people can afford more. We have over the years beginning with John F. Kennedy reduced some of those marginal tax rates to make them less onerous. I believe that when you really look at the tax code the very wealthy because they can afford tax lawyers and all kinds of loopholes really don't pay as much as you think they do, when you just look at the percentages. And I think middle income Americans, working Americans, who when you count in payroll taxes, sales taxes, mortgage -- all of the, all of the taxes that working Americans pay -- I think you would also think that they also deserve very significant relief.

At that point host Chris Matthews asked for members of the audience to applaud if they support wealthier people paying a higher percentage of their incomes; there was loud applause.

STUDENT: I still don't see how that's fair...aren't we getting closer and closer to Socialism and stuff...?

MCCAIN: Look, here's what I really believe: That when you are, when you reach a certain level of comfort, there's nothing wrong with paying somewhat more. But at the same time it shouldn't be totally out of proportion.

McCain added that the "first people who deserve a tax cut are working Americans...and they're the ones I would support tax cuts for first."

Posted by: seemstome | October 24, 2008 10:56 PM | Report abuse

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