Obama Transition Website

[Dude111]

http://www.change.gov

One thing proposed in here which is EXTREMELY STUPID is the Windfall Profit Tax.

Obama still plans to carry this out!

The results:
Raising the price of gas back up,affecting the price of goods and services,nullifying the effect of the rebate.

Charging said taxes to corporations and those over a specific income level..

Folks...if a company is taxed on profit,they pass that tax on to the consumer in the form of higher prices!

Windfall Profit Tax = EXTREMELY STUPID IDEA!!!!

You think the economy is bad now! Wait till this goes through!!!! It's going to have a spiral effect! Oil Companies and corporations taxed by this will pass it on to YOU in the form of higher prices...MARK MY WORDS!!!! THIS IS A DANGEROUSLY STUPID IDEA!!!!

[J.Pope]

I'm telling you, within the first year of Obama's term, the guys that voted for him are going to be thinking: WHAT THE FUCK DID WE DO?

The shit is going to hit the fan, and it is going to be really bad.

[Dude111]

I dont think he got in LEGIT either......

The last 2 elections were stolen,so whst makes this one any different??

They are using those piece of shit ELECTRONIC VOTING MACHENES that they can easily mess with........ (Just like in 2000 and 2004)

[Disley]

Quote:

Originally Posted by Dude111

I dont think he got in LEGIT either......

The last 2 elections were stolen,so whst makes this one any different??

They are using those piece of shit ELECTRONIC VOTING MACHENES that they can easily mess with........ (Just like in 2000 and 2004)

All the complaints about electronic voting machine malfunctions were from people voting democrat.

[Toadman]

So What has really changed, appointing Clinton staff?

What’s with Obama’s choice of old-time Clinton cronies and recycled Washington insiders to run the transition to his new politics of change? Can’t the anti-Washington insiders President-elect find anyone who isn’t a Beltway has-been? Where's the so-called change?

[MTAtech]

Quote:

Originally Posted by Dude111

The last 2 elections were stolen,so whst makes this one any different??

With all due respect, that's a crack-pot statement. Bush won in 2000 and 2004 in very close elections, where the polls showed his opponent leading. Obama was polling 8-10% above McCain in all the polls and ended up winning consistent with what the polls were predicting -- a landslide.

So, unless you are saying that everyone was in on this conspiracy you need to rethink your answer.

On windfall profit taxes, you're proceeding from the assumption that oil companies are entitled to 30% profit margins and if the government raises taxes on those profits, the company will raise their gas prices to match. Any first year economics student can see the flaw with that logic. Gasoline consumption is elastic. If the gasoline price is raised, consumption drops, earning the company less profit than if they did not raise prices.

The result of a windfall profit tax is that the oil company will pay more taxes and have less profits.

[voogru]

Obama will be great for the republicans, we'll be back big in 2012.

And 2010 will be 1994 all over again.

[pickel]

Quote:

Originally Posted by voogru

Obama will be great for the republicans, we'll be back big in 2012.

And 2010 will be 1994 all over again.

If there are any around by then. If, somehow, Obama does pull off a BIG "fix" for the economy, etc.,
the only place left with Elephants, in this country, will Barnum and Bailey's.

[The Real Bingo]

I'm just waiting for mandatory "transition" class...you know, to get acclimated with the Obama way.

[J.Pope]

Quote:

Originally Posted by MTAtech

The result of a windfall profit tax is that the oil company will pay more taxes and have less profits.

That is a laughable assumption. Do you actually think that these companies will accept a cut in their profits? The price is going to go up when taxes are raised. The tax hike will get passed down to the consumer.