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Friday, January 20, 2012

New post on Scotty Starnes's Blog

How Obama Manages a Crisis

Scotty Starnes | January 19, 2012 at 4:00 PM | Tags: Blame Bush, crisis management, golf, President Obama, press conference, vacation | Categories: Political Issues | URL: http://wp.me/pvnFC-6qs

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Six Democrats Want to Set Up “Reasonable Profits Board” To Dictate How Much Profits a Company Can Make

Should read "TRAITORCRATS" instead of democrats.

New post on Scotty Starnes's Blog

Six Democrats Want to Set Up "Reasonable Profits Board" To Dictate How Much Profits a Company Can Make

by Scotty Starnes

Stop using the term Democrat. Start using the moniker Socialists, because that's what they are. Only Socialists believe the government can dictate how much profit one makes. In typical fashion, ~~Democrats~~ Socialist want to punish success.

Maxine Waters, the ethically challenged Socialist, let this Socialist scheme out back in 2009.

From The Hill:

Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up a "Reasonable Profits Board" to control gas profits.

The Democrats, worried about higher gas prices, want to set up a board that would apply a "windfall profit tax" as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.

I'd like to create a board to show how the government, through gas taxes, collect more than these oil companies do. This bill proves that ~~Democrats~~ Socialists have no grasp of free market economics.

The Gas Price Spike Act, H.R. 3784, would apply a windfall tax on the sale of oil and gas that ranges from 50 percent to 100 percent on all surplus earnings exceeding "a reasonable profit." It would set up a Reasonable Profits Board made up of three presidential nominees that will serve three-year terms. Unlike other bills setting up advisory boards, the Reasonable Profits Board would not be made up of any nominees from Congress.

The commodities market sets prices. More supply equals cheaper prices. Maybe these ~~Democrats~~ Socialist should force Obama to end his illegal drilling moratorium and stop repealing permits to oil, natural gas and coal companies. Then again, Obama is a ~~Democrat~~ Socialist and wants energy prices to skyrocket.

...According to the bill, a windfall tax of 50 percent would be applied when the sale of oil or gas leads to a profit of between 100 percent and 102 percent of a reasonable profit. The windfall tax would jump to 75 percent when the profit is between 102 and 105 percent of a reasonable profit, and above that, the windfall tax would be 100 percent. The bill also specifies that the oil-and-gas companies, as the seller, would have to pay this tax.

Kucinich said these tax revenues would be used to fund alternative transportation programs when oil-and-gas prices spike.

"Gas prices continue to rise, creating a hardship for the American people," he said. "At the same time, oil companies are making record profits gouging their customers. This bill would tax only the excess profits and create forward-thinking transportation alternatives."

Like the Obama-backed Chevy Volt. Socialist are so regressive.

Scotty Starnes | January 19, 2012 at 2:05 PM | Tags: H.R. 3784, oil companies, Reasonable Profits Board, Rep. Dennis Kucinich (D-Ohio), socialism, Socialist, The Gas Price Spike Act, windfall profit tax | Categories: Political Issues | URL: http://wp.me/pvnFC-6qc

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LOL, Newt Gingrich Calls for a Commission to Study the Gold Standard

Wednesday, January 18, 2012
LOL, Newt Gingrich Calls for a Commission to Study the Gold Standard
Posted by Robert Wenzel at 3:15 PM

Is Ron Paul powerful or what?

Newt Gingrich said the following today:

Part of our approach ought to be to reestablish something Ronald Reagan did in 1981 and that is to have a Commission on Gold to look at the whole concept of how do we get back to hard money.

Of course, Gingrich is saying this because like Michelle Bachmann and others before, Gingrich is trying to grab Ron Paul votes.

Message to Newt:

Ron Paul already wrote the book on The Case for Gold, when he was on the Reagan commission. No need for a new commission just read the book. It comes in a pocket edition.

http://www.economicpolicyjournal.com/2012/01/lol-newt-gingrich-calls-for-commission.html

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Thursday, January 19, 2012

Obama to do nothing against Iran

[This comes from an Iranian news site www.mehrnews.com, and you have to assume the Iranian regime has to approve the slant of everything that goes out. Even so, the idea that Obama is still offering to engage the Mullahs, and being ridiculed for it, is more like a running joke over there than it is news or giving away state secrets. df]

Details of Obama's letter to Iran released

TEHRAN, Jan. 18 (MNA) -- A number of Iranian officials have released the details of the letter that U.S. President Barack Obama recently sent to Tehran.

The New York Times, citing U.S. government officials, wrote on January 12 that the Obama administration had sent a message to Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei warning that closing the Strait of Hormuz is a "red line" that would provoke a response by the United States.

Iranian Foreign Ministry spokesperson Ramin Mehmanparast said on January 15 that U.S. officials had sent a message on the Strait of Hormuz to the Islamic Republic through three officials, noting, "Susan Rice, the U.S. ambassador to the United Nations, delivered a letter to Mohammad Khazaii, the Islamic Republic of Iran's ambassador (to the UN). The Swiss ambassador to Tehran (Livia Leu Agosti) also conveyed the message, and Jalal Talabani, the Iraqi president, conveyed the message to officials of the Islamic Republic of Iran as well."

Obama has called for negotiations

MP Ali Motahhari said on Wednesday, "In the letter, it has been stated that 'closing the Strait of Hormuz is our red line' and they have requested direct negotiations."

"In the letter, Obama has announced readiness for negotiation and the resolution of mutual disagreements," he added.

He went on to say that Obama uttered threats in the first part of the letter and talked about friendship and negotiation in the second part.

Obama says U.S. will not take hostile action against Iran

MP Hojjatoleslam Hossein Ebrahimi said on Wednesday, "Obama's letter has several parts. Part of it is about this, (namely) that using international waterways is the right of all countries and all should benefit from them. And in this letter, he has described it as the United States' red line."

"In the letter, Obama has mentioned cooperation and negotiation based on the interests of the two countries," Ebrahimi, who is the deputy chairman of the Majlis National Security and Foreign Policy Committee, told the Nasimonline news website.

"He has stated in the letter that they will not take any hostile action against the Islamic Republic of Iran," he added.

Ebrahimi also said, "This is not the first time that Obama has sent a message and letter to the Islamic Republic of Iran. He has repeatedly spoken in a soft tone about the Islamic Republic of Iran, but, in practice, he has not acted accordingly."

"Obama's letter indicates that the United States has become afraid of the Islamic Republic of Iran's might and has realized the point that an arrogant spirit is of no use, and therefore, he has softened his tone when speaking about the Islamic Republic of Iran," he stated.

He added, "The important issue is that without the Islamic Republic of Iran's permission, no country can benefit from the Persian Gulf."

Iran responsible for maintaining security of Persian Gulf

Expediency Council Secretary Mohsen Rezaii also commented on the letter on Wednesday, saying, "Mr. Obama has written a cunning letter and intended to claim that the U.S. is responsible for maintaining the security of the Persian Gulf and the Strait of Hormuz, while Iran itself is responsible for maintaining the security of this region."

"We maintain the security of the region with the help of regional countries," he said, adding, "There is no need for the presence of extra-regional forces to maintain the security of this region, and we believe that the presence of the United States and Britain mostly creates insecurity."

If they "feel compassion" for regional countries and want to help them enhance security in the region, "I advise them to leave the region," Rezaii stated.

###

Dan Friedman
NYC