
jerseyhoya wrote:He had to resign as prime minister when it was clear he couldn't command a majority of the new parliament, and that Cameron was the only one who could. The Queen invited Cameron to form a government. Different than Brown stepping down as Labour party leader, which he will do over the summer I guess when they have a new leadership election.
Federal, state and local taxes -- including income, property, sales and other taxes -- consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8% of income before rising slightly in the first three months of 2010.
thephan wrote:pacino's posting is one of the more important things revealed in weeks.
Calvinball wrote:Pacino was right.
jerseyhoya wrote:He had to resign as prime minister when it was clear he couldn't command a majority of the new parliament, and that Cameron was the only one who could.
Rumaila is the fourth largest oil field with 17 billion barrels of oil. (See "The World's Biggest Oil Reserves.") As BP Capital Management Chairman T. Boone Pickens points out, that's the size of the largest oil field the U.S. has ever had--Alaska's Prudhoe Bay.
And with an estimated 5,000 barrels of oil a day flowing from the Deepwater Horizon spill that still hasn't been contained, the U.S. could use that Iraqi oil. (See "T. Boone's Not Playing The Blame Game.")
The U.S. consumed 19.5 million barrels of petroleum a day in 2008, according to the U.S. Energy Information Administration. By comparison, China, whose China National Petroleum Corp., got the first oil contract in the post-Saddam Hussein era to redevelop Rumaila along with British Petroleum, consumed 7.9 million barrels of petroleum a day that year.
Pickens made pleas to both then President George Bush and President Barack Obama to make calls on the Iraqi oil field, but neither made a move.
When Pickens met with Bush, the response Pickens was given was, "If we made a call on the oil, it would look like that's why we went to Iraq." Pickens adds, "And the president [Bush] told me, he said the reason we went to Iraq was to free the people of Saddam Hussein and to develop a democracy in the Middle East. And I said, 'Well, I think those are all noble reasons, but now, you've been there for eight years; we get a call on the oil. We'd pay market price. I would think that the Iraqi government would more than willing to give us a call at market price."
Given the amount of money that the U.S. has spent on the war in Iraq, and even more importantly the number of U.S. soldiers injured and killed in Iraq--4,401 soldiers have been killed in Iraq as of May 11, according to the Department of Defense--Pickens says that we shouldn't have let Iraq's oil slip through our fingers.
"It's just been heartbreaking to me to let the oil go to the Chinese after what we paid," Pickens says. "I don't get it; I don't understand it. There's something totally unfair about it.
thephan wrote:pacino's posting is one of the more important things revealed in weeks.
Calvinball wrote:Pacino was right.
pacino wrote:from that liberal rag the USA TodayFederal, state and local taxes -- including income, property, sales and other taxes -- consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8% of income before rising slightly in the first three months of 2010.
Perhaps the teabaggers should bone up, buck up, and then chip in if they really want to spend down this debt. Cutting taxes ain't the solution since nobody wants to cut programs (I certainly don't, other than unnecessary defense).
jeff2sf wrote:http://www.salon.com/news/opinion/glenn_greenwald/index.html
How heavy the crown must be for Glenn... to know, with every fiber of his being, that he is right about everything, and that compromise, pragmatism, anything like that can never have any place in governance. Not to say he's ever completely wrong, but he is way too holier than though and lefty for me. Werthless, a committed economic conservative, embraces him, so i guess he has that going for him.
jerseyhoya wrote:Corrupt incumbent Rep. Alan Mollohan (D-WV) looks to be heading to defeat tonight in his primary.
(as much for his cap and trade vote as anything ethics related)