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Obama’s new budget: Higher taxes for the wealthy

WTOP, by MARTIN CRUTSINGER

President Barack Obama unveiled a $3.8 trillion spending plan on Monday for 2013 that seeks to achieve $4 trillion in deficit reduction over the next decade but does little to restrain growth in the government’s huge health benefit programs, a major cause of future deficits.

Obama’s new budget was immediately attacked by Republicans as a retread of previously rejected ideas. The budget battle is likely to be a major component of the fall election campaign.

The president would achieve $1.5 trillion of the deficit reductions in tax increases on the wealthy and by removing certain corporate tax breaks. Obama rejected GOP charges of class warfare. In his budget message, he said, “This is not about class warfare. This is about the nation’s welfare.”

Posted by: Sammy on 02/13/12 at 02:00 PM

Page 1 of 1 pages

1. · Get ready Mr and Mrs Taxpayer!

Comment by Maria on 02/13/12 at 06:16 PM | [Back to Top] | [Back to Main]
2. · How about Corporations paying more taxes- whoo- who- instead of me paying more than a multi= national corp- they will have to pay.

And the wealthy is over $500,000 per year. Most of us do not get that far as much as we would like to think we are rich- nowhere near it.

So whats your problem with it?

formerly known on the ‘Duck’ as spirit of the elder & BJGoodwin

Comment by Barbara on 02/13/12 at 10:16 PM | [Back to Top] | [Back to Main]
3. · I don't think anyone should be singled out merely because they are successful. And no, I am not in that group. But anyone that thinks this will not trickle down one way or another to us is naive.

Comment by Maria on 02/14/12 at 06:13 AM | [Back to Top] | [Back to Main]
4. · I never understood the rationale behind taxing different income levels at different rates. Where is the threshold and who determines it? How does one define rich? When those with the purse strings determine that "taxing the rich" does not close the gap, what's to keep them from lowering that threshold? It's ostensibly $500k or more now, but what's to keep that from being dropped to $250K, or $100k. Sooner or later, we all pay higher rates because it is a spending problem, not a revenue problem.

#2....taxing corporations more just adds to the unit cost of production, ultimately, consumers pay those taxes.

Comment by MarylandRes on 02/14/12 at 07:39 AM | [Back to Top] | [Back to Main]
5. · That is why economists cant agree- they are 2 and even more schools of thought of what drives an economy.

Unfortunately I was very exposed to the upper 1 %
earlier in life and occasionally even now; even though my husband and I decided to follow principles and not favors and money.

If you think number 2 really is true- then you are naive- that's not how the owners and heads of corp or their familes work or think.

formerly known on the ‘Duck’ as spirit of the elder & BJGoodwin

Comment by Barbara on 02/14/12 at 08:03 AM | [Back to Top] | [Back to Main]
6. · My gripe has always been with the vague language used in discussing the tax issue. No other term is used more often than "fair share," yet there is no clear definition of what anyone's fair share is. I'd like to see someone quantify "fair share" in specific terms (Obama has to some extent done it by saying 30% on $1,000,000), and then provide a rationale for that number. And "because they can afford it" doesn't really cut it. I want some real justification for some real numbers.

Comment by mbillard on 02/14/12 at 08:12 AM | [Back to Top] | [Back to Main]
7. · #6 - agreed. Taxing the "rich" won't get us out the debt hole that we're stuck in. I fear the worst is yet to come....

Comment by cheryl on 02/14/12 at 08:36 AM | [Back to Top] | [Back to Main]
8. · "I don't think anyone should be singled out merely because they are successful."

Who is being singled-out? Don't you pay more taxes than someone making less money than you make? Aren't you paying less taxes than someone making more than you make? Well, maybe not, since if you are not rich enough to make all of your income from dividends and interest then you will be paying more than those who do because you make your money the old fashioned way--You Earn It. You see, that is the penalty placed on the Middle Class. They have the burden of higher tax rates because their income comes from their labor and not from their stock portfolios and their off-shore bank accounts. I never heard anything so ridiculous--the poor or nearly poor crying about the plight of the rich. What brought this about?

Comment by Iamangttia on 02/14/12 at 09:35 AM | [Back to Top] | [Back to Main]
9. · "Taxing the "rich" won't get us out the debt hole that we're stuck in"

But it sure won't hurt.

Comment by Iamangttia on 02/14/12 at 09:38 AM | [Back to Top] | [Back to Main]
10. · However, my 401K is based on stocks & bonds....
There is no simple answer but there seems to be always the villian with this current administration. First blame Bush, blah blah blah... now it's the bad people with money, funny that Obummer attacks them on one side of his mouth while he wants their pockets full of cash for his re-election campaign to continue his worst president ever theme.

Comment by Diane Edge, (AKA gizmo123) on 02/14/12 at 01:50 PM | [Back to Top] | [Back to Main]
11. · "now it's the bad people with money, funny that Obummer attacks them on one side of his mouth while he wants their pockets full of cash for his re-election campaign to continue his worst president ever theme."

I guess you were watching Fox Pseudo-News last year when Obama gave his State of the Union Address and right in front of most of the Supreme Court Justices he denounced their decision that allowed unrestricted cash campaign donations. You have already seen how this influx of anonymous campaign contributions to Romney devastated Newt Gingrich in the Iowa elections and now you just want Obama to sit idly by and not take in the same types of campaign contributions so that Romney or another Presidential candidate can do the same to him. I guess you are the type that says it's OK for the goose but not for the gander.

Comment by Iamangttia on 02/14/12 at 02:56 PM | [Back to Top] | [Back to Main]
12. · #8: Answers: The rich. Yes, but I probably pay more than people who make more than me.

These so called rich earned theirs, now we are going to tax them further? The wealthiest 1% paid over 36% of all federal taxes. Is that fair? What about those that pay NOTHING? Is that fair? My husband and I pay taxes at the single rate (married and both employed) because we are tired of getting a huge tax bill come April 15. Is that fair? What about the 47% of Americans who pay zero in taxes? I don't pretend to have the answer, I just feel the Government needs to rethink this whole taxing thing. Maybe cutting a little from the budget once in a while could help, instead of putting the burden on John Q. Citizen.

Comment by Maria on 02/14/12 at 05:04 PM | [Back to Top] | [Back to Main]
13. · "What about those that pay NOTHING?"

These people either don't make enough money to owe taxes or, if they do, they are sheltering them through loop-holes that need to be closed.

"What about the 47% of Americans who pay zero in taxes?"

Read my explanation (above).

"Maybe cutting a little from the budget once in a while could help."

I'm with you on this point and there are lots of things that should be cut--like paying for military bases all over the World and constantly fighting useless wars and subsidizing TriCare Insurance for millions of retired military who never ever came close to a front line for anything except on their desk to shuffle papers.

Comment by Iamangttia on 02/14/12 at 05:51 PM | [Back to Top] | [Back to Main]
14. ·
The wealthiest 1% paid over 36% of all federal taxes. Is that fair?

We can't tell just from this statistic. We'd need to know what percent of taxable income the top 1% made to know if this is fair. If the top 1% made, say, 60% of all taxable income, would paying 36% of the taxes be fair? No, but for the exact opposite reason you are arguing.

But that point may well be moot depending on what people consider "fair." Matching the percent of taxes paid directly to percent of income earned may be easy math, but it doesn't necessarily equal "fair." Let's say a widow with a small child has an AGI of $10,000 a year, which comes out to $833 a month. Is it fair that she pay federal taxes out of that paltry sum? And if not, then someone has to cover that small percent that she isn't paying.

My point is the discussion is way more complex than most people are willing to acknowledge or strive to understand. Half statistics and cliches are tossed about on both sides and all it boils down to is a back and forth game of "I know you are but what am I."

Comment by mbillard on 02/14/12 at 06:03 PM | [Back to Top] | [Back to Main]
15. ·
The wealthiest 1% paid over 36% of all federal taxes. Is that fair?

That is fair- because read it- of all the income in the US. 1% own it....read again 1%.

Now do you really think the 2 equal up?

I can get out my old accounting calclator and figure it out for you- but in percentage they are paying a whole bunch of less than the rest of us.

And the rich keep laughing at the saps who don't understand how it works.

formerly known on the ‘Duck’ as spirit of the elder & BJGoodwin

Comment by Barbara on 02/14/12 at 06:04 PM | [Back to Top] | [Back to Main]
16. · MBillard- you are not a sap- I was typing when you were.

formerly known on the ‘Duck’ as spirit of the elder & BJGoodwin

Comment by Barbara on 02/14/12 at 06:15 PM | [Back to Top] | [Back to Main]
17. · Obummer stated in his own words he wouldn't take super pac money and yet he does. funny, this gets no play on the liberal media.

Fox news has more hard news and breaks more stories that you uber liberals wouldn't have known about.
For example: Weiner would have been swept under the rug if Fox didn't go after that.

Solyndra & now Fisker. Mexican gun cartel and Fast & Furious.

Yes, I watch Fox and watch other stations EXCEPT MSNBC, now that is a psuedo news rag

Comment by Diane Edge, (AKA gizmo123) on 02/14/12 at 07:01 PM | [Back to Top] | [Back to Main]
18. · If every US citizen could take off their party politics glasses that show the world in an us against them light, maybe we could see that there is only one solution.

Taxes must go up, for everyone.

Spending must be cut, on everything.

Any other discussion is just a waste of time and energy. There is no math that makes a one side (revenue increases or spending cuts) that works.

Tax revenues are at their lowest point since the late 1950s. Anyone who says taxes are too high is just wrong.

77 million Baby Boomers are about to stampede into the plethora of entitlement programs. Of which Medicare, Medicaid and Social Security account for 43.3% of all Federal spending..TODAY! What do you think that will be in 20 years?

Everyone seems to be fine with raising taxes...as long as it is on someone else.

Everyone seems to be fine with cutting spending...as long as it is spending on someone else.

The problems aren't that terribly difficult to solve in theory...its the reality of the politics that makes the situation seem hopeless.

Comment by shadowdiver on 02/14/12 at 07:47 PM | [Back to Top] | [Back to Main]
19. · The reality is the right word.

Obama hasn't had the great success's because all policies and initiatives were blocked or changed- kinda hard to fix things if people won't let you fix.

Unless Congress starts cooperating on what is best- no one can do what they promise. It will be the same old, same old.

formerly known on the ‘Duck’ as spirit of the elder & BJGoodwin

Comment by Barbara on 02/14/12 at 08:10 PM | [Back to Top] | [Back to Main]
20. · #18--I like how you have cut through the fog on this thread. I think the same way.

Comment by Iamangttia on 02/14/12 at 08:21 PM | [Back to Top] | [Back to Main]
21. ·
Obama hasn't had the great success's because all policies and initiatives were blocked or changed- kinda hard to fix things if people won't let you fix.

Obummer had both House & Senate and couldn't get it together, NOW it's blame the Republicans? Give me a freaking break.

Comment by Diane Edge, (AKA gizmo123) on 02/14/12 at 08:33 PM | [Back to Top] | [Back to Main]
22. · I know you are but what am I? And the beat goes on.

Comment by mbillard on 02/14/12 at 09:38 PM | [Back to Top] | [Back to Main]
23. · The annointed one is never wrong. Wait until this healthcare fiasco comes due. This will turn the USA into another Greece.

You heard it here first.

Comment by Maria on 02/14/12 at 09:39 PM | [Back to Top] | [Back to Main]
24. · "Wait until this healthcare fiasco comes due"

Healthcare fiasco? If anything, it probably has saved you and the rest of us from an out-of-control insurance company fiasco that all of you Obama-bashers couldn't rail enough about until ObamaCare came along. Is there anything that will make you happy except a Tea Party President who only knows how to cling to his guns and Bible.

Comment by Iamangttia on 02/14/12 at 11:12 PM | [Back to Top] | [Back to Main]
25. · Iam, I will also cling to my guns and my bible. As well as the Constitution!!

Comment by MarylandRes on 02/15/12 at 07:32 AM | [Back to Top] | [Back to Main]
26. · Barb,

IMHO, President Obama has been unsuccessful because he is a horrible leader and an even worse motivator. The President sits in the shadows and lets Congress run.

While I abhor the Republicans actions over the past 3 years, a President MUST lead. He must be out in front. President Obama just can't and isn't. He doesn't have it in him.

But all of this is irrelevant and just another distraction to take our eyes off the ball.

The more we sit around our computers and tv sets looking for someone else or something else to blame, the more we dig ourselves into a hole.

At some point we as a nation and our leaders in DC are going to have to start acting like adults, take responsibility for the problem we all have created and make the necessary changes to put on back on a path to fiscal sustainability.

Because all this other stuff we talk about, comprehensive plans, gay marriage, entitlements, energy dependence, contraception...all of it, doesn't mean a damn thing if the economic system fails due to our structural deficit problems.

The problems are fixable and (unlike Greece) we have the time to fix them, but they aren't going to get fixed if we keep acting this way.

If Dems and Repubs can't get their heads out of their posteriors to work on this, then lets find people with some common sense and sense of common good who will.

Comment by shadowdiver on 02/15/12 at 08:03 AM | [Back to Top] | [Back to Main]
27. · Obummer sat in the Senate and all he did was draw on his doodle pad. Wish someone could find those works of art. Maybe he gave them to his lover Larry Sinclair? oh that's right, another story the media swept under the rug.

This Dictator only knows how to blame everyone or anything except himself. Say what you will of GW Bush, Bush has demonstrated more class than this child ever has.
The blame game still continues on everything Obummer does.

Comment by Diane Edge, (AKA gizmo123) on 02/15/12 at 10:06 AM | [Back to Top] | [Back to Main]
28. · "The blame game still continues on everything Obummer does."

Looks like you are the one perpetuating the 'blame game'.

For 30-years, President after President of both parties have tried to get a National Health Care program enacted into law. It was Obama who finally did it. Now, insurance companies can't deny you coverage because of pre-existing conditions and can't put a cap on the cost of your medical treatments which has been the cause of so many people loosing everything because of long term illnesses. He had ended one of the two wars started by Bush and is rapidly ending the 2nd one. The Republicans just caved on extending the payroll tax deduction. Thanks to Obama, we have saved two domestic automobile companies. The record shows that he has a formidable record of achievements regarding passed legislation in spite of the
Republican "Just Say No" Congress. All of this and more in only 3-years while having had to save this Country from the biggest economic challenge since the Great Depression. It's hard to justify the proposition that he can't lead and that he has not gotten anything done.

Comment by Iamangttia on 02/15/12 at 10:33 AM | [Back to Top] | [Back to Main]
29. ·
While I abhor the Republicans actions over the past 3 years
, ....

Again, Obummer can't lead, even when he has full control of Congress, which is a blessing at least otherwise we would be worse off than we are but it's his fault, all alone.
He promised Hope & Change and all we have is Blame & Blame.
Plus a reduction in bond ratings, highest unemployement, highest debt ever, highest gas prices ever, he is an abject failure, liar and unfit for the office of President.

Comment by Diane Edge, (AKA gizmo123) on 02/15/12 at 10:33 AM | [Back to Top] | [Back to Main]
30. ·
Republican "Just Say No" Congress

Again, who had control of both the House & Senate? The Dems. Rejoice over that Health Care sham? It was fought & fought with even the Dems finally having to be bribed to pass in the middle of the night. How transparent is that? Another lie from the Dems.
Doing Nothing?
Harry Reid has over 20 bills on his desk that came from the Republican side and Reid just holds them. Do nothing is the leadership of the Senate. That is doing nothing.
But it's easier to chant the mantra Do Nothing Congress.

I would rather vote for a paper clip than Obummer & his idiot VP

Comment by Diane Edge, (AKA gizmo123) on 02/15/12 at 01:10 PM | [Back to Top] | [Back to Main]
31. · I guess Obama can't count on your vote.

Comment by Iamangttia on 02/15/12 at 01:17 PM | [Back to Top] | [Back to Main]
32. · LOL. He didn't get in the first place (Hillary had mine)

Comment by Diane Edge, (AKA gizmo123) on 02/15/12 at 01:39 PM | [Back to Top] | [Back to Main]
33. · (Change of subject)

Despite the economy, a new store that sells new husbands called " The Husband Store" has just opened in New York City, where a woman may go to choose a husband. Among the instructions at the entrance is a description of how the store operates, You may visit this store ONLY ONCE!

There are six floors and the value of the products increase as the shopper ascends the flights.. The shopper may choose any item from a particular floor, or may choose to go up to the next floor, but you cannot go back down except to exit the building!

So, a woman goes to the Husband Store to find a husband. On the first floor the sign on the door reads: Floor 1 - These men Have Jobs. She is intrigued, but continues to the second floor, where the sign reads: Floor 2 - These men Have Jobs and Love Kids. 'That's nice,' she thinks, 'but I want more.'

So she continues upward. The third floor sign reads: Floor 3 - These men Have Jobs, Love Kids and are Extremely Good Looking. 'Wow,' she thinks, but feels compelled to keep going. She goes to the fourth floor and the sign reads: Floor 4 - These men Have Jobs, Love Kids, are Drop-dead Good Looking and Help With Housework. 'Oh, mercy me!' she exclaims, 'I can hardly stand it!'

Still, she goes to the fifth floor and the sign reads: Floor 5 - These men Have Jobs, Love Kids, are Drop-dead Gorgeous, Help with Housework, and Have a Strong Romantic Streak. She is so tempted to stay, but she goes to the sixth floor, where the sign reads: Floor 6 - You are visitor 31,456,012 to this floor. There are no men on this floor. This floor exists solely as proof that women are impossible to please. Thank you for shopping at the Husband Store.

PLEASE NOTE: To avoid gender bias charges, the store's owner opened a New Wives store just across the street. The first floor has wives that love sex. The second floor has wives that love sex and have money and like beer. The third, fourth, fifth and sixth floors have never been visited.

Comment by Diane Edge, (AKA gizmo123) on 02/15/12 at 02:26 PM | [Back to Top] | [Back to Main]
34. · Diane, thanks for the chuckle.

Comment by MarylandRes on 02/15/12 at 03:09 PM | [Back to Top] | [Back to Main]
35. · #32. "He didn't get in the first place"

Apparently it didn't matter much--and it won't his next time around either. Maryland is Obama's kind of State--at least when it comes to voting.

Comment by Iamangttia on 02/15/12 at 03:46 PM | [Back to Top] | [Back to Main]
36. · Diane, better get on the train before it leaves the station.

"President Barack Obama's approval rating is back up to 50% for the first time in more than eight months, according to a CNN/ORC International Poll.
In the national survey, Obama holds an edge against all the remaining Republican presidential candidates in hypothetical head-to-head matchups. Obama's approval rating appears up slightly among independents.
The poll indicates that the GOP's advantage on voter enthusiasm has been erased, and that the number of Americans who think things are going well in the country is on the rise -- from 25% in November to 30% in December and 40% now."
Happy Days are Here Again.

Comment by Iamangttia on 02/15/12 at 04:37 PM | [Back to Top] | [Back to Main]
37. ·
It's hard to justify the proposition that he can't lead and that he has not gotten anything done.

President Obama disappears on every issue. A President must be out front, not hiding behind Congress.

The only issues you mentioned, stimulus/auto bailout and healthcare make my point. He wasn't out front on either and what has been accomplished since? A poorly conceived payroll tax cut to match a poorly conceived stimulus program? Where's he been?

All the foreclosure programs have not worked. He blew, completely blew the opportunity that Simpson Bowles presented.

Plus a reduction in bond ratings, highest unemployment, highest debt ever, highest gas prices ever, he is an abject failure, liar and unfit for the office of President.

None of this is the fault of President Obama or solely the fault of the President.

Comment by shadowdiver on 02/15/12 at 05:21 PM | [Back to Top] | [Back to Main]
38. · "constantly fighting useless wars and subsidizing TriCare Insurance for millions of retired military who never ever came close to a front line for anything except on their desk to shuffle papers. "

Iam, so you are Ok with providing healthcare to everyone, except those that have served honorably in the military?? Didn't you say in past posts that the military budget should be cut and stop providing benefits to those that have served?

Comment by Maria on 02/15/12 at 05:43 PM | [Back to Top] | [Back to Main]
39. · "President Obama disappears on every issue. A President must be out front, not hiding behind Congress."

He gets things done--don't be concerned about his tactics. Remember Jimmy Carter had his little chats every other night on TV and the interest rates were sky high and Iran held our hostages. He was "out front" and didn't accomplish very much. I'm not impressed with Flash if it doesn't result in substance. They accused Obama for 'leading from behind' in Libya. Well, that situation has quieted down without one of our soldiers ever being on the ground. I think more people should start to appreciate a President who is an Executive and not a showman when it comes to dealing with the big problems facing our Country.

Comment by Iamangttia on 02/15/12 at 06:38 PM | [Back to Top] | [Back to Main]
40. · "Iam, so you are Ok with providing healthcare to everyone, except those that have served honorably in the military?? Didn't you say in past posts that the military budget should be cut and stop providing benefits to those that have served?"

No, I said that the tax payers should not have to pay for TriCare. People pay their whole life into Medicare and then when they need it they get their money's worth back. Raise the premiums for TriCare to cover the cost of insuring the recipients. Let me tell you, I served "honorably" in both the military and in the civilian sector and I get no free ride when it comes to insurance. Under ObamaCare, the only ones who will get free coverage are those who can't afford to pay for insurance. That is no different than it has been. Ever hear of Medicaid? You have been paying into it for years to pay for the health care for those who can't afford it--so what is new about ObamaCare that you are surprised about? And, under ObamaCare, those who can afford to pay insurance premiums but would rather put that money into a nice sports car instead, will have to pay a fine to help pay the hospital emergency room that they report to (in military lingo), when they need help. Now, these same people show up and you and me pay for their medical care and I, for one, want everyone who can afford to pay for their insurance to do so either with insurance premiums or with the ObamaCare fines. I'm sick of people who can afford insurance not buying it and then the burden is placed on my doorstep.

Comment by Iamangttia on 02/15/12 at 06:51 PM | [Back to Top] | [Back to Main]
41. ·
I'm sick of people who can afford insurance not buying it and then the burden is placed on my doorstep.

TRUE THAT

formerly known on the ‘Duck’ as spirit of the elder & BJGoodwin

Comment by Barbara on 02/15/12 at 09:48 PM | [Back to Top] | [Back to Main]
42. · I'm sick of people who can afford insurance not buying it and then the burden is placed on my doorstep

Agreed. But that can be said for everything. Personally, I am sick of those who choose to contribute nothing to society, yet hold their hand out every month waiting for their "free ride" while others bust their humps to make ends meet.

Comment by Maria on 02/16/12 at 06:15 AM | [Back to Top] | [Back to Main]
43. ·
They accused Obama for 'leading from behind' in Libya. Well, that situation has quieted down without one of our soldiers ever being on the ground

I think we approached Libya correctly. We can't continue to be the world's only police force and its favorite punching bag.

The "leading from behind" does seem to be his style though.

What bothers me most about the upcoming election is none of the candidates for President is worth voting for.

I truly don't understand how people get so amped up about this crop of uninspiring and polarizing group of individuals.

Comment by shadowdiver on 02/16/12 at 10:53 AM | [Back to Top] | [Back to Main]
44. · "I truly don't understand how people get so amped up about this crop of uninspiring and polarizing group of individuals."

I think the polls demonstrate that Republicans are not 'amped' up about their crop of uninspiring and polarizing group of individuals. They are worried that they don't want to make the same mistake that they made 4-years ago and just nominate the 'next-in-line like they did with McCain and now are faced with the uninspiring Romney. Sentorum is currently surging but he mostly appeals to the extreme rightwing Republicans. Presidents are usually chosen from the center so they are in a quandary.

Comment by Iamangttia on 02/16/12 at 01:12 PM | [Back to Top] | [Back to Main]
45. · Polls are not going to win this election and at least the people I talk with up here in NW PA (and signs & bumperstickers) there is Republican vote going to happen in this state.

Now, NW PA is rural and when I moved here, there were lots of pro Obummer signs out. Gosh, even the pig farmers in Conneautville, PA were voting... not anymore for this bum.
We are hard hit, gas prices are very high, no jobs and farmers are pissed off.

After the primary is over, we will have the Republican challenger emerge.
In the meantime, the political field produces real life conversations and once again apathy in this country is put aside. The failed policies of this inept man-child sitting in the WH will be voted against.

Comment by Diane Edge, (AKA gizmo123) on 02/16/12 at 02:39 PM | [Back to Top] | [Back to Main]
46. · "Now, NW PA is rural and when I moved here, there were lots of pro Obummer signs out."

Of course you don't see Obama signs out now. It's the Republican's time to argue with each other and for Republicans to decide amongst the motley crew. Wait until the General Election begins and you will not be able to get out of your driveway without seeing an Obama sign. "Farmers are pissed off"! I'd like to know why--the price of crops has never been higher and there will be lots more acreage planted this year than last because of it. I know farmers, just like watermen and school teachers, are whiners, but they aren't stupid.

Comment by Iamangttia on 02/16/12 at 03:36 PM | [Back to Top] | [Back to Main]
47. · Price of goods are higher but profit aren't.... WHY? Thanks to Obummer's attack on fuel prices. I just filled up at Sheetz's and it is $3.69 a gal(reg unleaded)
The average price of gas was $1.89 when BO took office.
This single item translates to everything.

Comment by Diane Edge, (AKA gizmo123) on 02/16/12 at 03:53 PM | [Back to Top] | [Back to Main]
48. · The price of gas is up all over the World. This just goes to show how powerful Obama is that he can raise the price of gas everywhere. And you think he is a do-nothing President. I just paid $3.49/gal. I guess you better start putting up some Obama signs if you want your gas to come down.

Comment by Iamangttia on 02/16/12 at 04:12 PM | [Back to Top] | [Back to Main]
49. · He could open up drilling in the Gulf, putting people back to work, he let the oil reserves go to foreign countries instead of being used here,
he could get behind the keystone pipeline, he could have stood firm with the Chinese and not allowed them the upper hand in manipulation of our currency etc.

Keep believing the lies, drinking that kool aide.

Comment by Diane Edge, (AKA gizmo123) on 02/16/12 at 04:29 PM | [Back to Top] | [Back to Main]
50. · "he could have stood firm with the Chinese and not allowed them the upper hand in manipulation of our currency etc"

Yea, just like Bush did and was so successful.

"He could open up drilling in the Gulf"

The Gulf is open to drilling or haven't you heard. Please excuse him for stop issuing drilling permits for 6-months after the worst oil spill in our history so that better management of oil drilling by the Government could be put in place since this was also not done by Bush.

"he could get behind the keystone pipeline'

He could also approve it without all of the important ecological studies being completed and then when it is found that the pipeline runs through a hallowed area like the Mattawoman, you and others can then blame him for that also.

Comment by Iamangttia on 02/16/12 at 05:21 PM | [Back to Top] | [Back to Main]
51. · Nope still closed according to what I read.
http://www.nytimes.com/2011/11/09/science/earth/us-to-open-new-areas-to-offshore-drilling.html

The pipeline has been studied & studied and alternative route offered. He will piss around and the oil will go to China. We lose jobs, taxes and oil. Yeah, a real winner in the WH.

Ok, we are not going to agree- you can may have the last word.
The last word will be the voters in Nov.

Comment by Diane Edge, (AKA gizmo123) on 02/16/12 at 05:47 PM | [Back to Top] | [Back to Main]
52. · http://english.cri.cn/6966/2012/01/27/45s677945.htm

2012-01-27 03:10:46

The U.S. government on Thursday announced plans to sell 38 million acres in central Gulf of Mexico for oil exploration to increase domestic energy supplies.

The scheduled sale in June will be the second since the BP oil spill in the Gulf of Mexico in 2010. The leases are expected to generate one billion barrels of oil and 4 trillion cubic feet of natural gas, according to the U.S. Interior Department's estimates.

The planned sale of all available unleased areas in the so- called Central Planning Area off Louisiana, Mississippi and Alabama followed U.S. President Barack Obama's State of the Union speech on Tuesday, in which he said a major task on his agenda this year would be to develop domestic energy supplies.

Comment by seahorse on 02/16/12 at 10:27 PM | [Back to Top] | [Back to Main]
53. · #51 The pipeline has been studied & studied and alternative route offered.

Yeah, but a new route means a do-over for an environmental impact statement. That takes time.

Comment by seahorse on 02/16/12 at 10:37 PM | [Back to Top] | [Back to Main]

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