Comments on: Biden: GDP, ExxonMobil proof McCain’s policies ‘upside down’ http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/ All politics, all the time Tue, 22 Dec 2009 04:04:44 +0000 http://wordpress.com/ hourly 1 By: Paula http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012359 Paula Thu, 30 Oct 2008 18:52:47 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012359 Overwhelming majority of our soldiers overseas are voting Obama. What does that tell you??? Obama '08 Overwhelming majority of our soldiers overseas are voting Obama. What does that tell you???

Obama '08

]]> By: Matt: honestly http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012357 Matt: honestly Thu, 30 Oct 2008 18:52:33 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012357 It is so silly to see people defend big oil, the ones responsible for high gas prices. When they post record profits, that is coming directly out of your pocket, whether it goes to improving the business or not, Brenda, it shows that the prices of gas were at an unrealistic level. And you all think it is a coincidence that gas prices are falling right before the election??? I said that was going to happen months ago! It happend in '04 too! It is so silly to see people defend big oil, the ones responsible for high gas prices. When they post record profits, that is coming directly out of your pocket, whether it goes to improving the business or not, Brenda, it shows that the prices of gas were at an unrealistic level. And you all think it is a coincidence that gas prices are falling right before the election??? I said that was going to happen months ago! It happend in '04 too!

]]> By: Vince http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012355 Vince Thu, 30 Oct 2008 18:52:24 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012355 Bill: The Republicans are even more so relying on the lack of intelligence for their voting base and that of the undecideds...even more so than the Democrats. They both do it but the GOP even more so. Nice try my friend. Bill: The Republicans are even more so relying on the lack of intelligence for their voting base and that of the undecideds...even more so than the Democrats. They both do it but the GOP even more so. Nice try my friend.

]]> By: Desmond Sequeira http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012350 Desmond Sequeira Thu, 30 Oct 2008 18:51:38 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012350 CALLING JOE THE PLUMBER. PLEASE SEE CNN Fact check: McCain tax cuts give $200 billion to corporations, $4 billion to oil companies? The Verdict: True. Obama's statement accurately reflects two studies of McCain's tax proposals. Posted: 06:00 PM ET 28 October, 2008-10-28 CALLING JOE THE PLUMBER. PLEASE SEE
CNN Fact check: McCain tax cuts give $200 billion to corporations, $4 billion to oil companies?
The Verdict: True. Obama's statement accurately reflects two studies of McCain's tax proposals.
Posted: 06:00 PM ET 28 October, 2008-10-28

]]> By: john http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012346 john Thu, 30 Oct 2008 18:51:22 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012346 THANKS BUT NO THANKS THANKS BUT NO THANKS

]]> By: seah http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012347 seah Thu, 30 Oct 2008 18:51:20 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012347 Shows the majority of Dems in the Senate and House, are behind it. Funny that Soros Bought all bush oil years ago. Soro's is now the big Money Behind Obama..................................... Shows the majority of Dems in the Senate and House, are behind it.

Funny that Soros Bought all bush oil years ago.

Soro's is now the big Money Behind Obama.....................................

]]> By: Tom, KS http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012343 Tom, KS Thu, 30 Oct 2008 18:51:18 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012343 IMPORTANT INFORMATION: The Financial Times and now The Economist have both endorsed Obama for the presidency. Why is it none of the Main Stream Media outlets have covered this while allowing McShame and Failin to keep up their attack about Barack being a socialist. Clearly the top economic magazines in this country understand that that is simply not true and that Obama has the right plan to lead us into a more prosperous future. Please CNN start doing your job and call out McCain when he is clearly lying. IMPORTANT INFORMATION:

The Financial Times and now The Economist have both endorsed Obama for the presidency. Why is it none of the Main Stream Media outlets have covered this while allowing McShame and Failin to keep up their attack about Barack being a socialist. Clearly the top economic magazines in this country understand that that is simply not true and that Obama has the right plan to lead us into a more prosperous future. Please CNN start doing your job and call out McCain when he is clearly lying.

]]> By: Ella http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012342 Ella Thu, 30 Oct 2008 18:51:11 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012342 Jeff, if what you say is true about oil company profits= lower gas prices= lower transport prices= cheaper foods, clothes, etc., then why is the price of these things getting/have gotten higher? The only product that has gotten lower is gasoline, and that's because it's an election year. Your "basic train of thought" is flawed. You must be a Republican. Oh, by the way, where are the trickle down jobs? Jeff, if what you say is true about oil company profits= lower gas prices= lower transport prices= cheaper foods, clothes, etc., then why is the price of these things getting/have gotten higher? The only product that has gotten lower is gasoline, and that's because it's an election year. Your "basic train of thought" is flawed. You must be a Republican. Oh, by the way, where are the trickle down jobs?

]]> By: Sam http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012340 Sam Thu, 30 Oct 2008 18:50:47 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012340 all the other posts have closed, I wanted to post something about Sarah Palin. I don't understand how she can be presidential quality for 2012.. Are the Republicans really that stupid? I have not met one republican person yet that thinks she is competent for anything. Who are those people they are talking about in the media..Is it that wierd Mrs Dole or examples of her? I am so baffeld by all this, I cannot believe the ignorance. all the other posts have closed, I wanted to post something about Sarah Palin. I don't understand how she can be presidential quality for 2012.. Are the Republicans really that stupid? I have not met one republican person yet that thinks she is competent for anything. Who are those people they are talking about in the media..Is it that wierd Mrs Dole or examples of her? I am so baffeld by all this, I cannot believe the ignorance.

]]> By: two cents-independent http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012339 two cents-independent Thu, 30 Oct 2008 18:50:43 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012339 Jeff, your comment does contain validity to it, hence my post about systematic risk. But i'm not entirely certain how many people posting on here have experience/knowledge/education about economies of scale. Keep in mind the affect in the long-term that policies have on the economy, or if they merely can fluctuate the price. Jeff, your comment does contain validity to it, hence my post about systematic risk. But i'm not entirely certain how many people posting on here have experience/knowledge/education about economies of scale. Keep in mind the affect in the long-term that policies have on the economy, or if they merely can fluctuate the price.

]]> By: john http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012338 john Thu, 30 Oct 2008 18:50:31 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012338 THE WINNERS ON THIS ONE ARE MCLAME, BUSH AND CHENEY THE WINNERS ON THIS ONE ARE MCLAME, BUSH AND CHENEY

]]> By: Mark http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012335 Mark Thu, 30 Oct 2008 18:50:19 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012335 For that one guy who thinks PA is a dead heat, McCain actually lost almost 3 points from the last Mason-Dixon poll For that one guy who thinks PA is a dead heat, McCain actually lost almost 3 points from the last Mason-Dixon poll

]]> By: Who is WOWWOW http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012334 Who is WOWWOW Thu, 30 Oct 2008 18:50:03 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012334 WOWWOW - WHAT'S,,,,,,,,WITH,,,,,,,,,,THE,,,,,,,,,,,ALL,,,,,,,,,CAPS,,,,,,,,,AND,,,,,,,,,,COMMAS? WOWWOW –

WHAT'S,,,,,,,,WITH,,,,,,,,,,THE,,,,,,,,,,,ALL,,,,,,,,,CAPS,,,,,,,,,AND,,,,,,,,,,COMMAS?

]]> By: aware http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012325 aware Thu, 30 Oct 2008 18:48:52 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012325 To Independents for McCain: This former democrat and Hillary supporter, now Independent, voted for McCain/Palin 08! The democrats revealed their dark side in the primaries by viciously cannabalizing their own, Hillary. Camp Obama is continuing the process of thuggery with Palin. The purpose of ridicule is to elicit an angry reaction but when it is received with a smile the perpetrators appear thuggish! Palin keeps smiling! :) Anger just breeds more anger as you can see in the blogs by Obama converts! :( To Independents for McCain: This former democrat and Hillary supporter, now Independent, voted for McCain/Palin 08!

The democrats revealed their dark side in the primaries by viciously cannabalizing their own, Hillary.

Camp Obama is continuing the process of thuggery with Palin. The purpose of ridicule is to elicit an angry reaction but when it is received with a smile the perpetrators appear thuggish! Palin keeps smiling! :)

Anger just breeds more anger as you can see in the blogs by Obama converts! :(

]]> By: Patrick http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012324 Patrick Thu, 30 Oct 2008 18:48:46 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012324 There isn't a special tax break going to Exxon; McCain wants to give a tax break to all corporations. We have the 2nd highest corporate tax rate in the world, why would anybody be defending this? The point of being in business is to make money, the higher their profits the better. Lower corporate tax rates mean more jobs and higher pay for the rest of us. There isn't a special tax break going to Exxon; McCain wants to give a tax break to all corporations. We have the 2nd highest corporate tax rate in the world, why would anybody be defending this? The point of being in business is to make money, the higher their profits the better. Lower corporate tax rates mean more jobs and higher pay for the rest of us.

]]> By: old white woman in NC http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012323 old white woman in NC Thu, 30 Oct 2008 18:48:42 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012323 Hold the presses! McCain is funding terrorists! If we follow Palin's logic, such as it is, if Obama goes to a party with "a known PLO terrorsit," then funding that "terrorist's" organization to the tune of nearly $500,000 is,,,,wait for it....FUNDING TERRORISM!!! How will the RNC spin that? Hold the presses! McCain is funding terrorists! If we follow Palin's logic, such as it is, if Obama goes to a party with "a known PLO terrorsit," then funding that "terrorist's" organization to the tune of nearly $500,000 is,,,,wait for it....FUNDING TERRORISM!!!
How will the RNC spin that?

]]> By: Michael M, Phoenix AZ http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012319 Michael M, Phoenix AZ Thu, 30 Oct 2008 18:48:18 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012319 You know that the Republicans will NOT even bring up EXXONS profits. Rolling back those taxes to pre-Bush is a good idea. Why the hell did Bush cut taxes on Corporations during a time of "war" as it is called? Who did he think was going to fund the war? The Chinese? Oh, yeah they did, and look at our national debt now. You know that the Republicans will NOT even bring up EXXONS profits. Rolling back those taxes to pre-Bush is a good idea. Why the hell did Bush cut taxes on Corporations during a time of "war" as it is called? Who did he think was going to fund the war? The Chinese? Oh, yeah they did, and look at our national debt now.

]]> By: Obamafied Cheesehead http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012318 Obamafied Cheesehead Thu, 30 Oct 2008 18:48:16 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012318 I heard a choo choo outside and went a took a look. Low behold it was the change train coming my way. On Nov 4th we can all get onboard. I heard a choo choo outside and went a took a look. Low behold it was the change train coming my way. On Nov 4th we can all get onboard.

]]> By: Cartz http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012316 Cartz Thu, 30 Oct 2008 18:48:11 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012316 OK folks, in a nutshell (it's not perfect) here is how profit is calculated Profit = (1 - TaxRate) * (Revenue - Fixed Costs - Variable Costs) So Yes, brenda was in effect correct although her numbers were off and unfortunately, she confused Profit with Revenue. Profit IS what the company keeps, revenue is what the company makes. Exxon has $137.7 Billion in revenue last quarter. It keeps 14.83 billion of that, after tax and expenses. Heres something to think about the corporate tax rate sits at 35% at the moment. So Exxon made roughly 22.815 Billion (14.83 / 0.65) in profit before tax. With McCain's proposed corporate tax cut (from 35% to 25%) Exxon would have made 17.1 Billion (22.815 * 0.75) in profit. That amounts to a 2.28 Billion dollar tax cut. Thats a lot of schools, roads or body armor for our troops. Thats 0.02% of the total national debt. Thats almost 7 dollars for every american citizen. Place your vote based on the facts. Not on empty rhetoric or wild speculation. OK folks, in a nutshell (it's not perfect) here is how profit is calculated

Profit = (1 – TaxRate) * (Revenue – Fixed Costs – Variable Costs)

So Yes, brenda was in effect correct although her numbers were off and unfortunately, she confused Profit with Revenue. Profit IS what the company keeps, revenue is what the company makes. Exxon has $137.7 Billion in revenue last quarter. It keeps 14.83 billion of that, after tax and expenses.

Heres something to think about the corporate tax rate sits at 35% at the moment. So Exxon made roughly 22.815 Billion (14.83 / 0.65) in profit before tax. With McCain's proposed corporate tax cut (from 35% to 25%) Exxon would have made 17.1 Billion (22.815 * 0.75) in profit. That amounts to a 2.28 Billion dollar tax cut.

Thats a lot of schools, roads or body armor for our troops. Thats 0.02% of the total national debt. Thats almost 7 dollars for every american citizen.

Place your vote based on the facts. Not on empty rhetoric or wild speculation.

]]> By: Neiki http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012311 Neiki Thu, 30 Oct 2008 18:47:18 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012311 Now CNN! Your no bias/no bull can stick that in their sock! Again, facts rule in Obama/Biden/s favor, but when CNN's factcheck results are told, will it too end up falling in the misleading file? Oh, please. Americans can see the obvious! We know the facts! The real facts! Now CNN! Your no bias/no bull can stick that in their sock! Again, facts rule in Obama/Biden/s favor, but when CNN's factcheck results are told, will it too end up falling in the misleading file? Oh, please. Americans can see the obvious! We know the facts! The real facts!

]]> By: Matt http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012310 Matt Thu, 30 Oct 2008 18:47:17 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012310 How many political favors will Barack owe for last nights presidential infomercial from the fauxval office? Where did you get all that money from? This will plague his presidency if he wins for sure. I really just don't buy all these poor people somehow just giving 100-200 dollars to a guy for no reason. How is it spreading the wealth around if you give it to a guy and he wastes it on a another self glorification. Two books about himself was not enough now he lessens the presidency by hocking himself on TV like a Shamwow. Pathetic do nothing ego maniacs should not be elected president. Sorry Barack but this independent says keep the change. And the next time someone asks you a simple question and you give a dumb answer don't attack the person for asking a question and try and publicly mock them for doing so. Who do you think you are anyway? You work for us. We give the power and we can take it away. How many political favors will Barack owe for last nights presidential infomercial from the fauxval office? Where did you get all that money from? This will plague his presidency if he wins for sure. I really just don't buy all these poor people somehow just giving 100-200 dollars to a guy for no reason. How is it spreading the wealth around if you give it to a guy and he wastes it on a another self glorification. Two books about himself was not enough now he lessens the presidency by hocking himself on TV like a Shamwow.

Pathetic do nothing ego maniacs should not be elected president. Sorry Barack but this independent says keep the change. And the next time someone asks you a simple question and you give a dumb answer don't attack the person for asking a question and try and publicly mock them for doing so. Who do you think you are anyway? You work for us. We give the power and we can take it away.

]]> By: demwit http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012305 demwit Thu, 30 Oct 2008 18:46:19 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012305 YEAH! A BIG TAX HIKE!! That'll cut into their customer's pockets, errrr.., I mean profits. YEAH! A BIG TAX HIKE!! That'll cut into their customer's pockets, errrr.., I mean profits.

]]> By: Kina, A Veteran in NYC http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012303 Kina, A Veteran in NYC Thu, 30 Oct 2008 18:46:08 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012303 you hit it right on the nail, Sen Biden...can you folks imagine Gov. Palin trying to make any such analogy in a similar instance for the republican party?...now, that would be something...hahaha...BTW, make sure y'all get out and vote...no matter who you vote for...anyone who's still undecided was never gonna be, anyway...hahaha... Obama/Biden 08. Kina. you hit it right on the nail, Sen Biden...can you folks imagine Gov. Palin trying to make any such analogy in a similar instance for the republican party?...now, that would be something...hahaha...BTW, make sure y'all get out and vote...no matter who you vote for...anyone who's still undecided was never gonna be, anyway...hahaha...

Obama/Biden 08.

Kina.

]]> By: Tony http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012299 Tony Thu, 30 Oct 2008 18:45:43 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012299 GO JOE! GO JOE!

]]> By: Tom, NY http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012295 Tom, NY Thu, 30 Oct 2008 18:45:10 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012295 Google's profit margin is twice that of Exxon... so why isn't google hated like the "evil" oil companies. anyone who thinks increasing taxes on any companies will stimulate growth is too stupid to choose a president. unfortunately people w/ no understanding of economics will vote for obama because he will lead them to the promised land. in reality we will follow the path of social democracies (high taxes, high unemployment, worse ecnomy for everyone). Google's profit margin is twice that of Exxon... so why isn't google hated like the "evil" oil companies. anyone who thinks increasing taxes on any companies will stimulate growth is too stupid to choose a president. unfortunately people w/ no understanding of economics will vote for obama because he will lead them to the promised land. in reality we will follow the path of social democracies (high taxes, high unemployment, worse ecnomy for everyone).

]]> By: FLORIDA for Obama http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012294 FLORIDA for Obama Thu, 30 Oct 2008 18:45:05 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012294 We LOVE Joe Biden and Barack Obama!! Come on Republicans.....come on over to the Good Side. Evil is wafting up all around the PALIN/McCain campaign VOTE OBAMA/BIDEN '08 and '12 We LOVE Joe Biden and Barack Obama!!

Come on Republicans.....come on over to the Good Side.

Evil is wafting up all around the PALIN/McCain campaign

VOTE OBAMA/BIDEN '08 and '12

]]> By: capitalist http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012287 capitalist Thu, 30 Oct 2008 18:44:13 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012287 it doesn't matter how much pride you have in a product. If no one wants it, your company should go away, no matter how big, and government should not support it. Sorry, but my Toaster Cozy factory employing 10,000 workers needs help too. No one has old toasters. Can I get a bailout or some subsidies or my pride-filled knitters will be out of work and the economy will suffer. it doesn't matter how much pride you have in a product. If no one wants it, your company should go away, no matter how big, and government should not support it.

Sorry, but my Toaster Cozy factory employing 10,000 workers needs help too. No one has old toasters. Can I get a bailout or some subsidies or my pride-filled knitters will be out of work and the economy will suffer.

]]> By: Dan http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012283 Dan Thu, 30 Oct 2008 18:43:48 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012283 Profit comes after expenses including taxes. Profit comes after expenses including taxes.

]]> By: RealityKing http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012282 RealityKing Thu, 30 Oct 2008 18:43:39 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012282 OPEC LOVES JOE!!! OPEC LOVES JOE!!!

]]> By: Observer http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012280 Observer Thu, 30 Oct 2008 18:43:16 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012280 The winds of change are near....thank God. Go Obama and Biden!!!! The winds of change are near....thank God. Go Obama and Biden!!!!

]]> By: Proud to be American http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012279 Proud to be American Thu, 30 Oct 2008 18:43:13 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012279 Keep tellling it like it is Joe we are so listening ..... you ROCK! Obama and Biden 2008 & 2012!!!! Keep tellling it like it is Joe we are so listening ..... you ROCK!

Obama and Biden 2008 & 2012!!!!

]]> By: white and black for Obama http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012276 white and black for Obama Thu, 30 Oct 2008 18:42:45 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012276 Right on the real Joe! Right on the real Joe!

]]> By: two cents-independent http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012275 two cents-independent Thu, 30 Oct 2008 18:42:38 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012275 bill, can you clear up your statement on oil companies being taxed based upon consumption? Texas for instance is a franchise tax state, well they changed their tax system this past year to resemble more of a income tax, but still remains a franchise tax. bill, can you clear up your statement on oil companies being taxed based upon consumption? Texas for instance is a franchise tax state, well they changed their tax system this past year to resemble more of a income tax, but still remains a franchise tax.

]]> By: Independent for USA only http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012273 Independent for USA only Thu, 30 Oct 2008 18:42:29 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012273 The real problem of GOP is that, they are happy to see Oil business to make a lot of money but they hate to ask them to pay the tax! Can USA rely on Oil business only? We can not build modern military on petroleum business only! When GOP administration damages all other industry in this great nation, they are weakening our country already! The real problem of GOP is that, they are happy to see Oil business to make a lot of money but they hate to ask them to pay the tax!

Can USA rely on Oil business only? We can not build modern military on petroleum business only! When GOP administration damages all other industry in this great nation, they are weakening our country already!

]]> By: New-Dem http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012271 New-Dem Thu, 30 Oct 2008 18:41:58 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012271 Jeff, Your argument breaks down as soon as you say that increased profits = lower gas prices. Oil companies have been reporting record profits for 2 years. Where's the price reductions????? Jeff, Your argument breaks down as soon as you say that increased profits = lower gas prices. Oil companies have been reporting record profits for 2 years. Where's the price reductions?????

]]> By: Scott L http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012267 Scott L Thu, 30 Oct 2008 18:41:20 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012267 So raise taxes on them and the same companies that make dog food, children's ice cream cones and more! So raise taxes on them and the same companies that make dog food, children's ice cream cones and more!

]]> By: JL http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012266 JL Thu, 30 Oct 2008 18:41:15 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012266 Sen. Biden, you are so correct. One note for those not voting for Sen. Obama cause "he's Black"........................the money in my 401k was GREEN like the money in yours. Sen. Biden, you are so correct. One note for those not voting for Sen. Obama cause "he's Black"........................the money in my 401k was GREEN like the money in yours.

]]> By: informed voter http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012263 informed voter Thu, 30 Oct 2008 18:40:55 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012263 Change We Can Trust Do your homework. Obama said taxes will not go up for those earnig less han 250,000. Will go down for those earning under 200,000$ and Biden when asked said that about a person earning 150,000 said that his/her taxes would go down. What else can we expect from people like you with the IQ of a rock? You guys are looking for slime where there is none. Change We Can Trust
Do your homework. Obama said taxes will not go up for those earnig less han 250,000. Will go down for those earning under 200,000$ and Biden when asked said that about a person earning 150,000 said that his/her taxes would go down.
What else can we expect from people like you with the IQ of a rock? You guys are looking for slime where there is none.

]]> By: WMD http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012257 WMD Thu, 30 Oct 2008 18:39:39 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012257 Vince: Also, there are TWO parts of Congress... Vince:

Also, there are TWO parts of Congress...

]]> By: Vince http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012255 Vince Thu, 30 Oct 2008 18:38:39 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012255 Jeff: the keyword here is "excessive" profits with a non-adequate share trickling down (except to those oil execs and major stockholders) Jeff: the keyword here is "excessive" profits with a non-adequate share trickling down (except to those oil execs and major stockholders)

]]> By: Stephanie http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012254 Stephanie Thu, 30 Oct 2008 18:38:37 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012254 Jeff, The problem is it ISN'T trickling down! With profits like this gas should be $1.00 per gallon if we follow your philosophy. Jeff,
The problem is it ISN'T trickling down! With profits like this gas should be $1.00 per gallon if we follow your philosophy.

]]> By: Matt K. fr. VA http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012253 Matt K. fr. VA Thu, 30 Oct 2008 18:38:32 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012253 I must correct Judy from PA. The oil companies reported profit was from the 3rd qtr my dear. That is July through September not May through August. I don't think I have ever heard f that qtr before. I see why you are a McLame supporter. I must correct Judy from PA.
The oil companies reported profit was from the 3rd qtr my dear. That is July through September not May through August. I don't think I have ever heard f that qtr before. I see why you are a McLame supporter.

]]> By: Frodo http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012251 Frodo Thu, 30 Oct 2008 18:38:26 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012251 People aren't understanding what companies DO!!! thanks jeff for explaining, and see my comment below about taxing Obama (the biggest campaign fund in history). It wouldn't matter if one person made 14B in profits. If they have share holders, they all get --a share!! The government is trying to take a bigger share. This means that they are taking from anyone invested in oil...many people are, and so are their 401k and retirement funds. Tax them and you tax us. It's just that most people don't even know it will hurt them. So you expected say, $1000/month for your retirement, but profit went down because taxes on your fund went up. Now you get $800. But the government in all of it's efficiency will give you back $20 and spread the rest to others. So, now you're better off...right? because your income is $820 but at least your taxes didn't go up!!! People aren't understanding what companies DO!!! thanks jeff for explaining, and see my comment below about taxing Obama (the biggest campaign fund in history).

It wouldn't matter if one person made 14B in profits. If they have share holders, they all get –a share!! The government is trying to take a bigger share. This means that they are taking from anyone invested in oil...many people are, and so are their 401k and retirement funds. Tax them and you tax us. It's just that most people don't even know it will hurt them.

So you expected say, $1000/month for your retirement, but profit went down because taxes on your fund went up. Now you get $800. But the government in all of it's efficiency will give you back $20 and spread the rest to others.

So, now you're better off...right? because your income is $820 but at least your taxes didn't go up!!!

]]> By: Bob Indianapolis IN http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012250 Bob Indianapolis IN Thu, 30 Oct 2008 18:38:22 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012250 Looks like the right-wing trolls are all about more corporate welfare for Big Oil....Joe the Conglomerate! Looks like the right-wing trolls are all about more corporate welfare for Big Oil....Joe the Conglomerate!

]]> By: WMD http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012249 WMD Thu, 30 Oct 2008 18:38:21 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012249 Vince: Exactly what has happened in the last two years to stop it? BTW, of all the Democrats in this election, I would have voted for Obama over all if he weren't so darn unbelievable. Vince:

Exactly what has happened in the last two years to stop it?

BTW, of all the Democrats in this election, I would have voted for Obama over all if he weren't so darn unbelievable.

]]> By: Another grumpy old white woman for Obama http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012248 Another grumpy old white woman for Obama Thu, 30 Oct 2008 18:37:20 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012248 To those of you harping on the money Obama has spent: That was OUR money ! We, his supporters donated it from our own pockets for exactly what he is using it for. So, unless you sent him money, shut the he11 up. How much did you contribute to your candidate? We Dems knew we would have to combat the filthy mudslinging rhetoric of the GOP. We got what we paid for and would send more if we could. Stop whining. To those of you harping on the money Obama has spent:
That was OUR money ! We, his supporters donated it from our own pockets for exactly what he is using it for. So, unless you sent him money, shut the he11 up. How much did you contribute to your candidate? We Dems knew we would have to combat the filthy mudslinging rhetoric of the GOP. We got what we paid for and would send more if we could.
Stop whining.

]]> By: Musicpromo Glandale Ca http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012238 Musicpromo Glandale Ca Thu, 30 Oct 2008 18:35:54 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012238 Come on everyone it's not that hard... Do something for yourself and your grandkids. Vote with your head, stop the lies of the GOP and Oil Companys. Let's them have 2 billion profit not 14 billion. Or maybe we shoud be more like the folks in Alaska who get a check between 1,500 and 2,500 for each man woman and child every year. This is our land too right? Come on everyone it's not that hard... Do something for yourself and your grandkids. Vote with your head, stop the lies of the GOP and Oil Companys. Let's them have 2 billion profit not 14 billion. Or maybe we shoud be more like the folks in Alaska who get a check between 1,500 and 2,500 for each man woman and child every year. This is our land too right?

]]> By: Bushwhacked in Eugene, OR http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012236 Bushwhacked in Eugene, OR Thu, 30 Oct 2008 18:35:50 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012236 The timing on this story couldn't be better -- just proves exactly what Obama has been saying. And here's another Oregon voter chiming in on the benefits of voting by mail, as we do here. No whispers of fraud of any kind in the 12 years I've been voting here. No machines. No lines. The ballot comes to my house, I fill it out at my leisure, then either mail it or place it in a conveniently-located official ballot drop box. It's something every state should consider. The timing on this story couldn't be better - just proves exactly what Obama has been saying.

And here's another Oregon voter chiming in on the benefits of voting by mail, as we do here. No whispers of fraud of any kind in the 12 years I've been voting here. No machines. No lines. The ballot comes to my house, I fill it out at my leisure, then either mail it or place it in a conveniently-located official ballot drop box.

It's something every state should consider.

]]> By: RDS http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012235 RDS Thu, 30 Oct 2008 18:35:22 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012235 @Independents for McCain...Yet again you are wrong. That's the combined total for Obama and McCain together. Please stop posting on this blog. Every single day you have to be corrected by someone on here. @Independents for McCain...Yet again you are wrong. That's the combined total for Obama and McCain together. Please stop posting on this blog. Every single day you have to be corrected by someone on here.

]]> By: Cleveland voter http://politicalticker.blogs.cnn.com/2008/10/30/biden-gdp-exxonmobil-proof-mccain%e2%80%99s-economic-policies-%e2%80%98upside-down%e2%80%99/#comment-2012233 Cleveland voter Thu, 30 Oct 2008 18:34:55 +0000 http://cnnpoliticalticker.wordpress.com/?p=27318#comment-2012233 Someone just posted that Exxon doesn't get to keep all of their profit because they go back into investing in the company. Now that was about the stupidest thing I've ever heard. Newflash: That's why it's called profit. Econ 101: A profit is what you have left over AFTER you have paid all of your expenses. Just like the smart dumb people running this country. Someone just posted that Exxon doesn't get to keep all of their profit because they go back into investing in the company. Now that was about the stupidest thing I've ever heard.

Newflash: That's why it's called profit. Econ 101: A profit is what you have left over AFTER you have paid all of your expenses.

Just like the smart dumb people running this country.

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