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US PoliGAF 2012 | The Romney VeepStakes: Waiting for Chris Christie to Sing…

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If you ever doubted that every single high-ranking Republican wants America to fail in exchange for their party being in power, there's plenty of evidence on display tonight.
 

Amir0x

Banned
two quick observations.

One, he's making a lot of talking points that are almost impossible for the Republicans not to clap to - a stark contrast to some of his earlier speeches, where Republicans just sat around groaning and sitting in silence every other point he made. Quite some speech to go, but so far he seems to be making it difficult for the Republicans to rebuke him with silence. They're still trying, but they look silly when they do so far.

Two, I wonder if it's a conscious effort to keep co-opting some key Republican concepts, some which have even been raised by Republicans within the last decade, in order to force Republicans to continually back away from them. What I mean is, if Obama and his cabinet has made a conscious observation that the Republicans will NEVER work with him, so he must adopt plans that they support. Because they've decided the #1 thing is to make sure he's not re-elected, they'd drop support for such plans. Over a long period of time, the Republicans will have moved so far right... running away from so many of their own plans... that they will become a completely untenable party in a decade or so. I've been wondering this for a while. I don't know why I mention it here, but I keep noticing he'll adopt a key Republican point, Republicans will back away from it, and they get more extreme.
 

ChiTownBuffalo

Either I made up lies about the Boston Bomber or I fell for someone else's crap. Either way, I have absolutely no credibility and you should never pay any attention to anything I say, no matter what the context. Perm me if I claim to be an insider
Columbia is getting American imports?

Shoe is on the other foot.

CHINA BAD!

CHINA PIRATES!

CHINA SUBSIDIES!

Woah...China gonna be real mad.
 
First off, why are so many people here appear to be fundamentally opposed to the principles of investing? It makes GAF appear more out of touch with the average US middle class family, who generally has some exposure to equity, bond, and or money markets. Perhaps, it's mostly just the college kid crowd... Anyway, to many, using taxpayers money towards investments is consider more efficient than simply giving the money government officials when it comes to business expansion/job creation. Events like Solyndra highlight this view. Also, these days, government funds seem to go less towards business start-ups and more towards required by law public union pension funds. Many of such union pension funds are actually quite dependent on equity markets, in which if capital gains taxes are raised on them, many state governments are going to have to take more taxpayer dollars to fill the voids (unless significant union concessions are made).

Secondly, I'd like to know what people think Romney's positions on specific tax rates are? From what I've seen, Romney has been advocating to lower the capital gains taxes on the middle income tax brackets (which are currently 15% if held for longer than a year, or 25%/28%/33% if held under a year) and lowering the federal corporate tax rate (which is the highest in the world)- putting the rate closer to most European countries'. When it comes to federal income taxes, I've seen many times Romney trying to side-step such questions and changing the subject to capital gains and corporate taxes. This gives me the impression that Romney will let the Bush tax cuts expire if he becomes President, even though he may have said otherwise at times before. Romney (like Obama) play the game of politics well- be vague about your positions and even contradict yourself at times to appease both sides.



Why are so many Republicans on board with cutting the capital gains tax even more? Is it because John Galt suggested it? Is there a logical case that it would really create jobs? I'm interested in reading any good arguments to that effect.

The whole "incentive to make money" argument falls flat with me. 85% of millions of dollars is more or less the same as 100% of those millions.

Unlike the source of initial income, people can easily move money offshore to invest in other non-US markets. Today, there are far more stable and enticing markets to invest in compared to 20 years ago or even just 10 year ago.


You deduct losses. Higher cap gains taxes decrease both return and risk.

Only up to $3k per year, though one keep carrying on the losses to next year. However, for the big investors $3k is nothing, and thus higher taxes can certainly become a deterrence from making certain investments.

Maybe we could tweak the tax law so that if you're actually investing in a new factory or office that will employ a lot of people, you pay a lower tax rate when you sell that investment later. If you're just buying 5000 oil futures and making a killing, your profit gets taxed as income.

Separate the actual job-creators from the tag-alongs.

I've been strongly promoting much higher taxes on capital gains from commodity futures. We already do so for gold, and we should make them even higher for petroleum. However, other countries (EU, Japan, China, India) would have to implement similar taxes.

The US tax rate isn't what's keeping business from spending the money they've been hoarding.

Companies can adjust to different tax rates. However, the uncertainty of future tax rates will give companies much pause on how they use their current revenues. The size of future federal and state deficits simply adds to such uncertainty.
 

ChiTownBuffalo

Either I made up lies about the Boston Bomber or I fell for someone else's crap. Either way, I have absolutely no credibility and you should never pay any attention to anything I say, no matter what the context. Perm me if I claim to be an insider
First human interest story.
 

Raonak

Banned
Are there any non-conservitive republicans, or does it go hand in hand?
also... how much does religion count in american politics?

Note: The daily show/colbert report are the only information i have on american politics.
 
two quick observations.

One, he's making a lot of talking points that are almost impossible for the Republicans not to clap to - a stark contrast to some of his earlier speeches, where Republicans just sat around groaning and sitting in silence every other point he made. Quite some speech to go, but so far he seems to be making it difficult for the Republicans to rebuke him with silence. They're still trying, but they look silly when they do so far.

Two, I wonder if it's a conscious effort to keep co-opting some key Republican concepts, some which have even been raised by Republicans within the last decade, in order to force Republicans to continually back away from them. What I mean is, if Obama and his cabinet has made a conscious observation that the Republicans will NEVER work with him, so he must adopt plans that they support. Because they've decided the #1 thing is to make sure he's not re-elected, they'd drop support for such plans. Over a long period of time, the Republicans will have moved so far right... running away from so many of their own plans... that they will become a completely untenable party in a decade or so. I've been wondering this for a while. I don't know why I mention it here, but I keep noticing he'll adopt a key Republican point, Republicans will back away from it, and they get more extreme.

That's a little 11-dimensional-chessy for me, despite the fact that it's kinda actually happening. But I think the dude's just genuinely a compromiser at heart.
 
Wooo! I know her. We have a class together as CPCC in Charlotte. :)

CPCC is a tremendous community college. Glad to see them getting recognition!

Obama visited it twice while pushing for more educational grants for displaced workers.
 

ChiTownBuffalo

Either I made up lies about the Boston Bomber or I fell for someone else's crap. Either way, I have absolutely no credibility and you should never pay any attention to anything I say, no matter what the context. Perm me if I claim to be an insider
tag quote

This trade investigation thing sounds interesting.

It happened in the 80's when America had to deal with Japanese price dumping.
 

Amir0x

Banned
That's a little 11-dimensional-chessy for me, despite the fact that it's kinda actually happening. But I think the dude's just genuinely a compromiser at heart.

It's not without precedent, actually. I just wonder if Obama is frustrated enough at some point for it to have passes his mind, because one of his tactics seems to be present a Democratic plan, include a key Republican point, have Republicans abandon said point for the rest of time.
 

ChiTownBuffalo

Either I made up lies about the Boston Bomber or I fell for someone else's crap. Either way, I have absolutely no credibility and you should never pay any attention to anything I say, no matter what the context. Perm me if I claim to be an insider
Jackie is looking like she wrote some shit on Facebook that Obama was a Muslim.

But I know they vetted her.
 
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