Democrat Corporate Welfare

The alternative energy program at work…

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The Archer Daniels Midland Corporation (ADM) has been the most prominent recipient of corporate welfare in recent U.S. history. ADM and its chairman Dwayne Andreas have lavishly fertilized both political parties with millions of dollars in handouts and in return have reaped billion-dollar windfalls from taxpayers and consumers. Thanks to federal protection of the domestic sugar industry, ethanol subsidies, subsidized grain exports, and various other programs, ADM has cost the American economy billions of dollars since 1980 and has indirectly cost Americans tens of billions of dollars in higher prices and higher taxes over that same period. At least 43 percent of ADM’s annual profits are from products heavily subsidized or protected by the American government. Moreover, every $1 of profits earned by ADM’s corn sweetener operation costs consumers $10, and every $1 of profits earned by its ethanol operation costs taxpayers $30

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Barack Obama’s Global Tax Proposal

LBJ’s ‘Great Society’ was such a success here in the US, lets try it on a global scale?

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A nice-sounding bill called the “Global Poverty Act,” sponsored by Democratic presidential candidate and Senator Barack Obama, is up for a Senate vote on Thursday and could result in the imposition of a global tax on the United States. The bill, which has the support of many liberal religious groups, makes levels of U.S. foreign aid spending subservient to the dictates of the United Nations.

Senator Joe Biden, chairman of the Senate Foreign Relations Committee, has not endorsed either Senator Barack Obama or Hillary Clinton in the presidential race. But on Thursday, February 14, he is trying to rush Obama’s “Global Poverty Act” (S.2433) through his committee. The legislation would commit the U.S. to spending 0.7 percent of gross national product on foreign aid, which amounts to a phenomenal 13-year total of $845 billion over and above what the U.S. already spends.

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Global warming is caused by solar cycles

Al Gore is a liar and a fraud; making millions off of worthless carbon credits. There is a direct correlation between global temperatures and solar cycles…..This is the real cause of global warming not co2.

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BEWARE Lieberman-Warner bill

Think energy costs are high now….look what Congress wants to do to us now……

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“While the benefits of the Lieberman-Warner bill are dubious at best, the costs to our economy will be massive,” said Club for Growth President Pat Toomey. “If this legislation passes, Americans can look forward to fewer jobs, lower income levels, rising electricity prices, and higher fuel bills. Congress has a tendency to pass feel-good bills without adequately considering the tremendous costs to American businesses and families. We hope these ads will encourage people to contact their Senators and tell them the country simply can’t afford the Lieberman-Warner bill.”

According to a recent SAIC study commissioned by the National Association of Manufacturers (NAM) and the American Council for Capital Formation (ACCF), the domestic economic impact would be severe. National findings include:

* Gross Domestic Product (GDP) losses of $151 billion to $210 billion by 2020 and $631 billion to $669 billion per year by 2030
* Employment losses of 1.2 million to 1.8 million jobs by 2020 and 3 million to 4 million jobs by 2030
* Household income losses of $739 to $2,927 per year in 2020 and $4,022 to $6,752 per year in 2030
* Electricity price increases of 28% to 33% by 2020 and 101% to 129% by 2030
* Gasoline price increases (per gallon) of 20% to 69% by 2020 and 77% to 145% by 2030

“At a time when our economy is already struggling, the Lieberman-Warner would simply add a heavy drag on growth, giving our global competitors a significant competitive advantage courtesy of the U.S. Congress,” continued Toomey.

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Watch the ad

Oil Company profits in perspective

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While Exxon’s profit is large in terms of absolute dollars, but so is the company. In 2005, profits were only 9.7 percent of its revenues, up from 9.6 percent of revenue in 2004, and far less than the 2004 Bank of America (NYSE: BAC) profit margin of 21.6 percent or Johnson and Johnson’s (NYSE: JNJ) 18 percent, according to data from Forbes magazine.
Within the petroleum industry, ExxonMobil was vastly outperformed by Communist China’s state-owned PetroChina, which yielded nearly a 23 percent profit in 2004.

Newspapers, part of the media that criticize oil profits, heavily outperformed Exxon in 2004. “The average 2004 operating margin of publicly owned newspapers… was 20.5 [percent],” the Los Angeles Times cited industry analyst John Morton in its Nov. 24, 2005, paper.

http://www.businessandmedia.org/news/2006/news20060131.asp

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Democrats are responible for souring gas prices

The price of gas has increased considerably in the last 1.5 years, hmmm, corresponds with when the Democrats took over congress and started with this alternative energy / global warming nonsense.
FYI, when the oil companies announced their “record” profits for the year, the stock prices went down; that means the profits were not what stock analysts projected.  Apparently congress knows the oil stocks better than the stock brokers?  Hurting the oil companies hurts everyone at the pump and in their portfolios.
All publicly traded companies have to publish their balance sheets, look it over, I bet its still only around 9%.  Truth is, 9 percent profit is not swimming in money compared with other companies’ profits.  Additionally, compared with foreign oil companies, which the US companies have to compete for crude, Exxon and the rest of the US oil companies are puny and their profits tiny.
9% is not very high compared to other companies, additionally, oil companies are already taxed at around 41%, much higher than other industries.  Oil companies average two quarters worth of profit for oil exploration.  This is a very expensive industry to be in and requires the oil companies to be large to compete in the world economy and for crude traded on the world’s commodity market.
Drive the oil companies out of business (the ultimate goal of liberals….they want the government to completely control the oil industry) and be subject to either a government oil monopoly or a foreign oil company, not what I’d consider a better alternative.
A vast majority of the worlds current oil supplies reside in countries that are NOT pro-American.  We have war in the Mideast, a dictator in Venezuela, and instability in other oil producing nations, demand for oil is at record levels due to emerging economies such as India and China and supply of oil at an all time low.   That is why the trading price for crude is at record levels and therefore the price at the pump is at record levels.  Now take into consideration vast oil shales, public lands, and the outer continental shelf are not off limits to drilling and you have an extremely volatile world crude market and very little domestic supply to stabilize it.  Volatility in a commodity market means high prices.

From the governments own mouth…What are the components of the retail price of gasoline?

58% crude
15% federal taxes
17% refining AND profits
10% distribution and marketing

hmmm, 17% is refining AND profits….wonder what actual percentage is profit…maybe 7-9%….not much profit here.
I don’t image that little bit of profit is going to influence the price very much….I would assume the 58% would
affect the price though.

What Obama really means by ‘Change’

Change

Obama is left of an avowed Socialist

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Sen. Barack Obama, D-Ill., was the most liberal senator in 2007, according to National Journal’s 27th annual vote ratings. The insurgent presidential candidate shifted further to the left last year in the run-up to the primaries, after ranking as the 16th- and 10th-most-liberal during his first two years in the Senate.

The ratings system — devised in 1981 under the direction of William Schneider, a political analyst and commentator, and a contributing editor to National Journal — also assigns “composite” scores, an average of the members’ issue-based scores. In 2007, Obama’s composite liberal score of 95.5 was the highest in the Senate. Rounding out the top five most liberal senators last year were Sens. Sheldon Whitehouse, D-R.I., with a composite liberal score of 94.3; Joseph Biden, D-Del., with a 94.2; Bernie Sanders, I-Vt., with a 93.7; and Robert Menendez, D-N.J., with a 92.8.

NOTE: Bernie Sanders the first avowed socialist ever to serve in the U.S. Senate

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Energy Independence

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Posted by: Michele Bachmann at 9:03 AM
Today my House colleagues and I are starting our trip to ANWR. On the way, we’ll be stopping in Golden, Colorado to tour the Department of Energy’s National Renewable Energy Laboratory. The lab’s purpose is to find fresh renewable ways to power our homes, businesses, and cars, a key component of the Republicans’ All-of-the-Above energy plan.

Hopefully we’re able to take some pictures there so I can share them with everyone. After that, we’ll be off to Alaska. I’ve got my video camera with me so I’ll be sure to take some good footage to share with everyone when I return next week. In the mean time, here are some facts from the United States Geological Survey (USGS) about the estimated amount of recoverable oil we have in ANWR.

According to the USGS, the mean estimate of technically recoverable oil in the Coastal Plain of ANWR is 10.4 billion barrels – all of which is now economically recoverable.

• That’s more than twice the proven oil reserves in all of Texas.
• That’s almost half of the total U.S. proven reserve of 21 million barrels.
• That represents a possible 50 percent increase in total U.S. proven reserves.

What does 10.4 Billion Barrels of Oil Mean?
10.4 Billion Barrels produces:

• 436.8 Billion Gallons of Gasoline
o 12.6 Billion Tanks of Gasoline (based on a 16 gallon tank)
o 93 tanks of gas for EVERY registered passenger vehicle
• 10.4 Trillion Gallons of Diesel
o 320 Million Tanks of Diesel (with Two 150 gallon tanks on a semi)
• 4.3 Trillion Gallons of Jet Fuel
o 5.7 Million Tanks of Jet Fuel (on fully fueled 737-600s with 6,875 gallon tanks)

Let’s be clear about this. The Coastal Plain of ANWR, also known as the 1002 Area, is neither wilderness nor refuge. It was set aside by Congress and President Carter in 1980 for future oil development. Development would be limited to 2000 acres of the Coastal Plain or 0.01% of the entire 19.6 million-acre refuge. These lands were set aside for America to produce its own energy resources. What are we waiting for?

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Barack Obama is NOT eligible to be president

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I think it is important to know that the Obama campaign’s own ‘Fight The Smears’ webpage used an obviously photoshopped fake Birth Certificate to fight rumors of a fake one. It would be like paying a fine for being caught counterfeiting money with more counterfeit money. There is something fishy, arrogant, about stonewalling legitimate questions about his birth certificate and then showing a fake copy on his own Fight The Smears webpage. Just like when he first claimed he never heard Rev. Wright say anything offensive about Whites or America. There is something dishonest about the way Obama tries to skirt the truth when confronted with it.
More importantly, there is no proof that Barack Obama is a natural born citizen of the United States of America.

That means there is no proof that Barack Obama is eligible to be president.

If Barack Obama’s campaign is being honest about his citizenship — and there’s no guarantee that it is, given the fact that it has already proferred a forged birth certificate as evidence — if the Obama campaign is being honest, then this is an easy enough matter to resolve.

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full article here