Saturday, August 16, 2008

July presidential fundraising

McCain raised $27 million and the Republican National Committee raised $26 million in July.

Obama raised $51 million and the Democratic National Committee raised $27.7 million in the same timeframe.

$78.8 million for the Democrats, and $53 million for the Republican's ... a difference of twenty five million bucks.

That means the Democrats raised 150% of what the Republicans did. That's unprecedented in Presidential politics, as usually it's the Republicans with deep pockets corporate donors shoveling out cash for their candidate, while the Democrats beg for cash from unions and complain about campaign finance reform.

How times have changed.

Wednesday, August 13, 2008

Judge says UC can deny religious course credit

(08-12) 17:25 PDT SAN FRANCISCO -- A federal judge says the University of California can deny course credit to applicants from Christian high schools whose textbooks declare the Bible infallible and reject evolution.

Rejecting claims of religious discrimination and stifling of free expression, U.S. District Judge James Otero of Los Angeles said UC's review committees cited legitimate reasons for rejecting the texts - not because they contained religious viewpoints, but because they omitted important topics in science and history and failed to teach critical thinking.

-- SF Chronicle

Someone actually paid money to lawyers to force the UC system to accept students that have learned that the Bible is infallible and reject evolution?

I sure hope he wasn't expecting a cut of the winnings.

Pay your fair share, like everybody else

This is why I am voting Democrat this year. I seriously doubt that Democrats will reign in big business, however I'd take those odds over the hope that McCain would do it. His base would crucify him, and the Democrats would vote against it simply because it's a Republican telling them to do something. Obama could get the legislature on his side, and potentially convince a sizeable portion of our citizens that it's important. I'm not holding my breath, but let's just say that most of my friends know that I'll be voting for Obama this year.


NEW YORK (CNNMoney.com) -- Nearly two-thirds of U.S. companies and 68% of foreign corporations do not pay federal income taxes, according to a congressional report released Tuesday.

The Government Accountability Office (GAO) examined samples of corporate tax returns filed between 1998 and 2005. In that time period, an annual average of 1.3 million U.S. companies and 39,000 foreign companies doing business in the United States paid no income taxes - despite having a combined $2.5 trillion in revenue.

The study showed that 28% of foreign companies and 25% of U.S. corporations with more than $250 million in assets or $50 million in sales paid no federal income taxes in 2005. Those companies totaled a combined $372 billion in sales for the largest foreign companies and $1.1 trillion in revenue for the biggest U.S. companies.

The GAO report, which did not name any specific companies, said that some corporations reported zero income before deducting expenses while others said they had zero net income after deducting expenses. Either way, those companies reported no tax liability, the GAO said.
-- CNN


Don't tell me that taxing corporations will hurt business. If I charged a .01% tax, just one of those bigger companies would pay 250 million dollars a year. Given our debt, the value of our dollar, the crumbling infrastructure and the host of other problems our nation suffers, I think we could use that quarter of a billion dollars

Hell, if the business tax rate was a minimum of a whopping 1% (which is far less than the rate on the average citizen), that would give the federal government twenty five billion dollars. Not bad.

Now, I don't think we should eliminate tax deductions and other corporate loopholes... but there we should set a minimum possible tax, in order to prevent a situation where someone who benefits from our services that pay no taxes at all. I believe we should set a minimum tax rate for corporations, which deductions cannot reduce.

The value of t-bills have a better rate of return that these taxes, so it shouldn't be a crippling tax, nor would it impose an unfair burden.

Good luck getting the Republicans to sign off on this, but honestly, I think it's the way to go.

Monday, August 11, 2008

They really don't want a Democrat for President

Either these idiots are Republicans in disguise or they have absolutely no clue how politics seems to work.

"If reporters had nabbed former presidential candidate John Edwards lying about his extramarital affair, Hillary Clinton would have captured the Democratic presidential nomination, her former communications director said."

-- CNN

and this group of geniuses...

"Hillary Clinton supporters ran another ad Monday in an influential Capitol Hill publication that warned against turning the upcoming Democratic convention into what they called a ‘coronation’ of Obama.

Warns the ad, “If Democratic processes and principles are not respected, then the party will have a much bigger problem a genuine revolt of more than 18 million voters.”"

-- CNN

There was a primary. Everyone voted. Obama won. Get over it. I got over the fact that my candidate (Edwards) lost in the 2000 primary. I'm sure they can do the same.

Sadly, I wouldn't be surprised if these were Democrats and not Republicans-in-sheeps-clothing. Most Democrats I know prefer bitching about the past rather than planning for the future...

Saturday, August 2, 2008

This is why I want him as President

“If we come up with a genuine bipartisan compromise, where I have to accept some things that I don’t like in order to get energy independence, that’s something I will have to consider,” Mr. Obama said
-- NY Times

Compromise with the other side to get important legislation passed? Reagan knew how to pull that off. Bush doesn't. McCain's past record show me that he is leaning towards Reagan, but all of his rhetoric while running for president is firmly in the Bush camp. Thankfully, both before and during the election Obama has shown himself to be willing to be flexible and willing to compromise in order to pass important legislation.