<This new 13 percent tax on all oil and gas production in the Gulf>
We're in transport, not production. If there's a change, we'll be near-or at-the end (after loads of others get taxed) of it.
Plus, politicians propose lots of things, esp at the beginning of a term, but that doesn't mean that we-the least worst of the bunch-are necessarily going to get slapped too.
Just a thought...
I'm hoping for just more forced liquidation....At least we know the distribution is safe and how many companies can you say that for anymore.
IMO, with just a hint of leadership (and I'm not counting on it), I think we start to come out of this mess in the summer sometime, though we won't figure that out until November or December when holiday sales outpace this past year.
Both parties are to be blamed for being too complacent and totally slack on regulation. Blame aside, we're in a HEAP of MESS and there's no doubt getting out of this Titanic economic DUNK will NOT be free and it obviously has a price.
Traders have been totally complacent and irresponsible as any politician, forcing up oil and other commodity prices beyond sustainable logic, especially when it was obvious to those who seek, that we were in recession.
I posted loads of times about this, many of which were deleted by some with magnificent false confidence.
The recession started in December 07. The Bush government manipulated data to fool you. The market for oil and energy is based on worldwide demand and supply. If demand destruction is greater than supply, prices will fall. Blaming anyone but the people who ran the economy for 8 years and gave away jobs, kept wages low, interest rates low, failed to regulate financials, added $5 trillion to the Federal debt and did nothing to prevent the derivative blowup that many had warned about 4 years ago and lied about inflation is silly.
"Add in that 40+% of all babies are born to unwed mothers and among blacks children born to unwed mothers is over 70%. So hey, figure 50% of folks don't pay taxes,don't finish high school,have bas#ard children, and in the future get free healthcare....as a society the USA is going straight to hel#"
So the over 600,000 folks who are losing jobs on a monthly basis, didn't show up for work, didn't pay taxes and are all unwed and didn't turn up for school or what? lol
Add in that 40+% of all babies are born to unwed mothers and among blacks children born to unwed mothers is over 70%. So hey, figure 50% of folks don't pay taxes,don't finish high school,have bas#ard children, and in the future get free healthcare....as a society the USA is going straight to hel#.
They do not work, since they can't.
Have you noticed that the 50% of people number, who do not pay taxes is very close to the 50% that drop out of public high schools???
Since all you have to do to graduate is show up, I am not surpsied they do not show up for work, since they could not show up for school.
Besides drug dealing and government support programs pay better. And with Obuma, they all get a raise!!