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Segment 1
Cenk hosting today. Polls showing that Obama is much more liked than Romney. Other poll numbers comparing Obama to Romney. Republican meme about Obama’s “You didn’t build that.” The location of the Republican National Convention was built with 62% government money. Pew Research numbers on the devastation of the middle class over the past 10 years. Clinton is currently the most popular ex-President. Lawsuit from non-religious families who have no representation in the 9/11 memorial. VIDEO of Fox News objecting. Reagan and tax rates. Bill Koch building a western town but won’t allow people in it. When tax rates are so low, rich people have no idea what to do with their money.
Segment 2
Romney’s energy plan is a giveaway to energy companies.
Segment 3
Dave Koller reporting on hurricanes. US Senate candidate tells reporter to fuck himself. Todd Akin – down by 10 in latest poll. Paul Ryan supports the bills that limit abortion rights VIDEO. A Democratic ad that pins anti-abortion accusations on Romney and Ryan. VIDEO of RNC spokesperson Sean Spicer trying to back away from Congressman Akin’s comments.
Comments
In my country (Peru) a long time ago, the Fisheries Minister was selling our natural resource Guano (sea birds Pooh) at a low price. Funny thing was that the countries buying it pay my country lets say $100 per ton and another $100 went to the Minister’s personal account.
If anybody thinks the US is stupid for not collecting all the royalties they should that person is very naive. The oil companies are paying low taxes to the US because they are paying on the side to corrupt politicians. There is no other reason.
Why is nobody asking these politicians why the US collects so little while other countries collect so much? I would like to listen to a reasonable answer.
If our debt was such a problem then countries around the world wouldn’t be willing to lend us money, (buy treasuries), or at least they wouldn’t buy treasuries unless the rate was much higher to reflect the risk. Because the rates to borrow are so low, it would actually make more sense to borrow money to fix our infrastructure, or do some other direct gov’t spending to boost the economy. Lowering taxes to create the same growth is inefficient and unrealistic because too many people are dependent on important gov’t programs that would no longer be funded.
The argument that raising taxes directly benefits the economy is a little shaky BUT the huge American debt is effecting economy. I think the more effective argument is that historically low taxes obviously does not create a huge economic boom and we would benefit gigantically from a decrease in the debt and the ONLY way that is possible is to raise taxes.
Also, lowering taxes in the 80s and following the “Regan” ideology did have an effect when you drop from 60 to 70 percent tax rate. Dropping from a 35% rate will never get that same effect. Not all tax decreases are the same silly republicans.