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Westport Innovations Inc. Message Board

  • jingjohk11 jingjohk11 Apr 24, 2012 9:15 AM Flag

    Obama Panic Not Overblown

    As far as I know there was no poll taken of sellers that says
    Cummins has been the culprit for the sell off. I'm not going to go
    back and fact check, but I think the stock was here in the low thirties when Obama started mouthing off about
    "all of the above". Helping greatly to send the stock higher along with the Motley Fool pumps.
    Then about the same time as the Cummins announcement,
    shareholders began to realize that Obama was just saying things
    looking for re-election votes and has no intention on pushing for
    natural gas vehicles. What has he done since, besides announce the formation of a cylinder committee? Nothing, I think.

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    • Every Dem congress person M/W that has NAt Gas in their state talks up NAt Gas every time i see them. Quite watching FOX its worse than crack

    • Wow.
      From energy policy to 9/11...really?
      I've become an equal opportunity D.C. basher but blaming Republicans for 9/11 is like blaming Clinton for the first WTC bombing after he had been in office for about a month. The fact is that radical Islam grew and flourished unchecked for 8 years under Clinton. The planning for 9/11 dates back to 1995 and you want to blame an administration that had been in power for eight months? That's reckless. Clinton had his chances to kill Bin Laden but because, in part, he wanted him captured instead...

      This spells it out pretty well and comes from a source that I'm sure you're familiar with.

    • Ethanol, it's counted under renewable, what a waste!

    • What don't you understand about TRIPLING the national debt. Remember Star Wars? He managed to break both Russia and us. The only thing Reagan ushered in was income disparity. He eventually had to raise taxes a number of times and gave a famous speech, at a school, decreeing that a bus driver shouldn't pay a higher tax rate than a millionaire..[google it and eat a jelly bean]..The only other President to double the national debt, in the history of America, was GW BUSH.

      • 2 Replies to hisstik
      • So vote for obama you deserve him.

      • Thank you for that post. The perception that tea baggers have of Reagan is astonishing. They idol him, yet know nothing of what he actually did.

        You said "He eventually had to raise taxes a number of times ... ".

        Yes. 11 times to be exact. He raised capital gains taxes from 20% to 28% in the Tax Reform Act of 1986.

        Teapublicans hate Obama for wanting to raise capital gains taxes from 15% to 20% and in the next sentence say "Where's Reagan when we need him?".

        Yes indeed. Where is Reagan when we need him.

    • He speaks with forked tongue, that's for sure. The point is he is on his way out, his poll numbers beneath the surface suck and his fundraising is tepid and billionaires who love this country are going to take him off the stage with SuperPACs in November, replaced by Romney (nonreality TV star, non media concoction, good old fashioned American guy) square dealer and broad shoulders. Character does count. Market has been discounting this and should continue to do so. Economy is going to explode (good explode)and WPRT is going to rock.

    • I am Canadian.

      Obama has nothing to do with the price of oil.

      It is priced on a World market, supply is a function of world production. Oil is limited and will continue to rise over the next 20 years.

      Stop acting like children; my government is better than your Government!

    • because whether you like it or not obama has a huge impact on energy markets. gas averaged 1.78 when he took office and gleefully announced through his energy sec the goal of matching euro prices. liberals can never confront the facts and have to distract and dissemble. obama has a history of false and unkept promises, particularly re energy

    • Why don't you guys swing the conversation back to WPRT. We all know in our hearts the truth about Obama anyway, so the rhetoric is really just a waste of time and the forum is inappropriate.

    • Whats "laughable" is that you are responding to a message that was directed to another poster - and was simply telling him he was wrong in his statement that "Big oil" recieves all the tax breaks.

      The graph I linked to is not based on "future" projections", it was based on last years actual numbers. Not estimates.

      It shows that "Big Oil" only recieved ~3.5-4 billion in tax preferences, while Renewables recieved over 11 billion.

      It also shows that "Big Oil" makes up only 15% of roughly all energy related tax preferences.

    • Reagan started with a large tax cut and ushered in one of the greatest growth and expansion stories in the history of our country. He helped create jobs - real jobs. His policies brought about the second longest peacetime economic expansion in U.S. history. I know, I lived through it and prospered from it. I believe unemployment fell to 4% during his presidency.
      Its laughable that you rely on the CBO - they predicted Obamacare would reduce the deficit and create savings. During the Reagan administration, the American economy went from a GDP growth of -0.3% in 1980 to 4.1% in 1988 (in constant 2005 dollars),[22] which reduced the unemployment rate by 1.6%, from 7.1% in 1980 to 5.5% in 1988, but with peaks of around 10.8% in 1983. [21][23] A net job increase of about 21 million also occurred through mid-1990. Reagan’s administration is the only one not to have raised the minimum wage.[24] The inflation rate, 13.5% in 1980, fell to 4.1% in 1988, which was achieved by applying high interest rates by the Federal Reserve (peaked at 20% in June 1981)

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