LadyVer
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What happened to all of the doom and gloom economic threads?
- Thread starter Ulaven_Demorte
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IrezumiKiss
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http://media.tumblr.com/tumblr_m7880dBjlt1qj4wes.gif
Pressed shitstains in their eternal struggle are so funny. Gonna be a good year.
Pressed shitstains in their eternal struggle are so funny. Gonna be a good year.
LadyVer
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http://media.tumblr.com/tumblr_m7880dBjlt1qj4wes.gif
Pressed shitstains in their eternal struggle are so funny. Gonna be a good year.
Nice pic!
IrezumiKiss
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Yup! Lotsa BIG KNEE GROW TEEF in that one.
http://www.woophotos.com/wp-content/uploads/2012/06/funny-www.woophotos.com10-298x300.jpg
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I BLAME SandyBush/Obama
19 Facts About The Deindustrialization Of America That Will Blow Your Mind
By Michael, on September 24th, 2010
The United States is rapidly becoming the very first "post-industrial" nation on the globe. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace at which America is accomplishing this is absolutely amazing. It was America that was at the forefront of the industrial revolution. It was America that showed the world how to mass produce everything from automobiles to televisions to airplanes. It was the great American manufacturing base that crushed Germany and Japan in World War II. But now we are witnessing the deindustrialization of America. Tens of thousands of factories have left the United States in the past decade alone. Millions upon millions of manufacturing jobs have been lost in the same time period. The United States has become a nation that consumes everything in sight and yet produces increasingly little. Do you know what our biggest export is today? Waste paper. Yes, trash is the number one thing that we ship out to the rest of the world as we voraciously blow our money on whatever the rest of the world wants to sell to us. The United States has become bloated and spoiled and our economy is now just a shadow of what it once was. Once upon a time America could literally outproduce the rest of the world combined. Today that is no longer true, but Americans sure do consume more than anyone else in the world. If the deindustrialization of America continues at this current pace, what possible kind of a future are we going to be leaving to our children?
Any great nation throughout history has been great at making things. So if the United States continues to allow its manufacturing base to erode at a staggering pace how in the world can the U.S. continue to consider itself to be a great nation? We have created the biggest debt bubble in the history of the world in an effort to maintain a very high standard of living, but the current state of affairs is not anywhere close to sustainable. Every single month America does into more debt and every single month America gets poorer.
So what happens when the debt bubble pops?
The deindustrialization of the United States should be a top concern for every man, woman and child in the country. But sadly, most Americans do not have any idea what is going on around them.
For people like that, take this article and print it out and hand it to them. Perhaps what they will read below will shock them badly enough to awaken them from their slumber.
The following are 19 facts about the deindustrialization of America that will blow your mind....
#1 The United States has lost approximately 42,400 factories since 2001.
#2 Dell Inc., one of America’s largest manufacturers of computers, has announced plans to dramatically expand its operations in China with an investment of over $100 billion over the next decade.
#3 Dell has announced that it will be closing its last large U.S. manufacturing facility in Winston-Salem, North Carolina in November. Approximately 900 jobs will be lost.
#4 In 2008, 1.2 billion cellphones were sold worldwide. So how many of them were manufactured inside the United States? Zero.
#5 According to a new study conducted by the Economic Policy Institute, if the U.S. trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone.
#6 As of the end of July, the U.S. trade deficit with China had risen 18 percent compared to the same time period a year ago.
#7 The United States has lost a total of about 5.5 million manufacturing jobs since October 2000.
#8 According to Tax Notes, between 1999 and 2008 employment at the foreign affiliates of U.S. parent companies increased an astounding 30 percent to 10.1 million. During that exact same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1 million.
#9 In 1959, manufacturing represented 28 percent of U.S. economic output. In 2008, it represented 11.5 percent.
#10 Ford Motor Company recently announced the closure of a factory that produces the Ford Ranger in St. Paul, Minnesota. Approximately 750 good paying middle class jobs are going to be lost because making Ford Rangers in Minnesota does not fit in with Ford's new "global" manufacturing strategy.
#11 As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time less than 12 million Americans were employed in manufacturing was in 1941.
#12 In the United States today, consumption accounts for 70 percent of GDP. Of this 70 percent, over half is spent on services.
#13 The United States has lost a whopping 32 percent of its manufacturing jobs since the year 2000.
#14 In 2001, the United States ranked fourth in the world in per capita broadband Internet use. Today it ranks 15th.
#15 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.
#16 Printed circuit boards are used in tens of thousands of different products. Asia now produces 84 percent of them worldwide.
#17 The United States spends approximately $3.90 on Chinese goods for every $1 that the Chinese spend on goods from the United States.
#18 One prominent economist is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040.
#19 The U.S. Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americans in the 51 years that records have been kept.
So how many tens of thousands more factories do we need to lose before we do something about it?
How many millions more Americans are going to become unemployed before we all admit that we have a very, very serious problem on our hands?
How many more trillions of dollars are going to leave the country before we realize that we are losing wealth at a pace that is killing our economy?
How many once great manufacturing cities are going to become rotting war zones like Detroit before we understand that we are committing national economic suicide?
The deindustrialization of America is a national crisis. It needs to be treated like one.
If you disagree with this article, I have a direct challenge for you. If anyone can explain how a deindustrialized America has any kind of viable economic future, please do so below in the comments section.
America is in deep, deep trouble folks. It is time to wake up.
19 Facts About The Deindustrialization Of America That Will Blow Your Mind
By Michael, on September 24th, 2010
The United States is rapidly becoming the very first "post-industrial" nation on the globe. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace at which America is accomplishing this is absolutely amazing. It was America that was at the forefront of the industrial revolution. It was America that showed the world how to mass produce everything from automobiles to televisions to airplanes. It was the great American manufacturing base that crushed Germany and Japan in World War II. But now we are witnessing the deindustrialization of America. Tens of thousands of factories have left the United States in the past decade alone. Millions upon millions of manufacturing jobs have been lost in the same time period. The United States has become a nation that consumes everything in sight and yet produces increasingly little. Do you know what our biggest export is today? Waste paper. Yes, trash is the number one thing that we ship out to the rest of the world as we voraciously blow our money on whatever the rest of the world wants to sell to us. The United States has become bloated and spoiled and our economy is now just a shadow of what it once was. Once upon a time America could literally outproduce the rest of the world combined. Today that is no longer true, but Americans sure do consume more than anyone else in the world. If the deindustrialization of America continues at this current pace, what possible kind of a future are we going to be leaving to our children?
Any great nation throughout history has been great at making things. So if the United States continues to allow its manufacturing base to erode at a staggering pace how in the world can the U.S. continue to consider itself to be a great nation? We have created the biggest debt bubble in the history of the world in an effort to maintain a very high standard of living, but the current state of affairs is not anywhere close to sustainable. Every single month America does into more debt and every single month America gets poorer.
So what happens when the debt bubble pops?
The deindustrialization of the United States should be a top concern for every man, woman and child in the country. But sadly, most Americans do not have any idea what is going on around them.
For people like that, take this article and print it out and hand it to them. Perhaps what they will read below will shock them badly enough to awaken them from their slumber.
The following are 19 facts about the deindustrialization of America that will blow your mind....
#1 The United States has lost approximately 42,400 factories since 2001.
#2 Dell Inc., one of America’s largest manufacturers of computers, has announced plans to dramatically expand its operations in China with an investment of over $100 billion over the next decade.
#3 Dell has announced that it will be closing its last large U.S. manufacturing facility in Winston-Salem, North Carolina in November. Approximately 900 jobs will be lost.
#4 In 2008, 1.2 billion cellphones were sold worldwide. So how many of them were manufactured inside the United States? Zero.
#5 According to a new study conducted by the Economic Policy Institute, if the U.S. trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone.
#6 As of the end of July, the U.S. trade deficit with China had risen 18 percent compared to the same time period a year ago.
#7 The United States has lost a total of about 5.5 million manufacturing jobs since October 2000.
#8 According to Tax Notes, between 1999 and 2008 employment at the foreign affiliates of U.S. parent companies increased an astounding 30 percent to 10.1 million. During that exact same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1 million.
#9 In 1959, manufacturing represented 28 percent of U.S. economic output. In 2008, it represented 11.5 percent.
#10 Ford Motor Company recently announced the closure of a factory that produces the Ford Ranger in St. Paul, Minnesota. Approximately 750 good paying middle class jobs are going to be lost because making Ford Rangers in Minnesota does not fit in with Ford's new "global" manufacturing strategy.
#11 As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time less than 12 million Americans were employed in manufacturing was in 1941.
#12 In the United States today, consumption accounts for 70 percent of GDP. Of this 70 percent, over half is spent on services.
#13 The United States has lost a whopping 32 percent of its manufacturing jobs since the year 2000.
#14 In 2001, the United States ranked fourth in the world in per capita broadband Internet use. Today it ranks 15th.
#15 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.
#16 Printed circuit boards are used in tens of thousands of different products. Asia now produces 84 percent of them worldwide.
#17 The United States spends approximately $3.90 on Chinese goods for every $1 that the Chinese spend on goods from the United States.
#18 One prominent economist is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040.
#19 The U.S. Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americans in the 51 years that records have been kept.
So how many tens of thousands more factories do we need to lose before we do something about it?
How many millions more Americans are going to become unemployed before we all admit that we have a very, very serious problem on our hands?
How many more trillions of dollars are going to leave the country before we realize that we are losing wealth at a pace that is killing our economy?
How many once great manufacturing cities are going to become rotting war zones like Detroit before we understand that we are committing national economic suicide?
The deindustrialization of America is a national crisis. It needs to be treated like one.
If you disagree with this article, I have a direct challenge for you. If anyone can explain how a deindustrialized America has any kind of viable economic future, please do so below in the comments section.
America is in deep, deep trouble folks. It is time to wake up.
mercury14
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Globalization and Free Trade. It's great until you realize that there are 5 billion people in other countries who are willing to do our jobs for $2 per day with no benefits and minimal environmental standards.
mercury14
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Busybody
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yes
I know
we should have all our shit made there so we pay less......there is ZERO reason WE should build anything.......that why I have no problem with sweat shops....paying $2 a day......cause otherwise those PEEPS will eat FLIES
HOWEVER
I will post EVERYTHING I can
So as to say
I BLAME SANDYBUSH/OBAMA
You know that
I know
we should have all our shit made there so we pay less......there is ZERO reason WE should build anything.......that why I have no problem with sweat shops....paying $2 a day......cause otherwise those PEEPS will eat FLIES
HOWEVER
I will post EVERYTHING I can
So as to say
I BLAME SANDYBUSH/OBAMA
You know that
Busybody
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Why would you predict that?
.
buy on rumor
sell on news
Jan tends to be good
1st year of a re-elected Pres is BAD
I expect a DOWN YEAR
My portfolio is always good
I only BUY stocks, I CAN CONTROL
mercury14
Pragmatic Metaphysician
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yes
I know
we should have all our shit made there so we pay less......there is ZERO reason WE should build anything.......that why I have no problem with sweat shops....paying $2 a day......cause otherwise those PEEPS will eat FLIES
HOWEVER
I will post EVERYTHING I can
So as to say
I BLAME SANDYBUSH/OBAMA
You know that
The average income of a person in Bangladesh is 31 cents per day. If US manufacturers can pay that little for labor (essentially the slave labor rates), why would they build a plant in Kentucky?
I blame the unions.
Busybody
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The average income of a person in Bangladesh is 31 cents per day. If US manufacturers can pay that little for labor (essentially the slave labor rates), why would they build a plant in Kentucky?
I blame the unions.
yup on both
build shit there
and
I blame UNIONS
Busybody
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Hey yo, CURRY
G Reynolds was right
Obama Takes Full Credit For Biden’s Fiscal Cliff Deal With McConnell…
Really not all that surprising.
Via Washington Examiner:
Senate Minority Leader Mitch McConnell, R-Ky., negotiated a fiscal cliff deal with Vice President Joe Biden after talks between President Obama and House Republicans stalled, but the White House portrays Obama as the hero.
“At this make or break moment for the middle class, the President achieved a bipartisan solution that keeps income taxes low for the middle class and grows the economy,” the White House fact sheet says.
But this deal was hammered out by McConnell and Biden. “I need a dance partner,” McConnell said, because Senate Majority Leader Harry Reid, D-Nev., refused to negotiate.
“Over the course of many phone calls, Biden and McConnell cut a bipartisan deal,” National Review Online’s Bob Costa reported. “They spoke several times on Sunday afternoon, and then continued to talk late into the evening, past midnight. They haggled, then haggled some more.”
G Reynolds was right
Obama Takes Full Credit For Biden’s Fiscal Cliff Deal With McConnell…
Really not all that surprising.
Via Washington Examiner:
Senate Minority Leader Mitch McConnell, R-Ky., negotiated a fiscal cliff deal with Vice President Joe Biden after talks between President Obama and House Republicans stalled, but the White House portrays Obama as the hero.
“At this make or break moment for the middle class, the President achieved a bipartisan solution that keeps income taxes low for the middle class and grows the economy,” the White House fact sheet says.
But this deal was hammered out by McConnell and Biden. “I need a dance partner,” McConnell said, because Senate Majority Leader Harry Reid, D-Nev., refused to negotiate.
“Over the course of many phone calls, Biden and McConnell cut a bipartisan deal,” National Review Online’s Bob Costa reported. “They spoke several times on Sunday afternoon, and then continued to talk late into the evening, past midnight. They haggled, then haggled some more.”
bra_man69
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buy on rumor
sell on news
Jan tends to be good
1st year of a re-elected Pres is BAD
I expect a DOWN YEAR
My portfolio is always good
I only BUY stocks, I CAN CONTROL
That's why I told you the other day I'm in cash right now
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DNC Chief Wasserman Schultz On Why Dems Opposed Bush Tax Cuts In 2001 And 2003: Because “They Weren’t Paid For”…
Errrr, Debbie, they weren’t paid for yesterday when your party overwhelmingly voted for them.
Bonus: She then calls for Congress to pass legislation it passed in 2010.
Via Red Alert Politics:
[A]ccording to DWS, Democrats only opposed the tax cuts in 2001 and 2003 because “they weren’t paid for.” Which is why the Democrats were totally fine with voting to renew them last night… or why they had no qualms passing Obamacare, also known as the largest tax increase in history, into law without a clear plan for funding it.
“We need to go back to the ‘pay-go’ rules: the pay-as-you-go so that when you put a bill on the floor and it costs money, we actually have to pay for it. The Republicans, when they came in and took the majority back, got rid of that requirement.”
Apparently DWS forgot that President Obama signed the Statutory Pay-As-You-Go Act into law in 2010, which means that Congress does in fact operate under the pay-go rule she advocates for in the interview.
Errrr, Debbie, they weren’t paid for yesterday when your party overwhelmingly voted for them.
Bonus: She then calls for Congress to pass legislation it passed in 2010.
Via Red Alert Politics:
[A]ccording to DWS, Democrats only opposed the tax cuts in 2001 and 2003 because “they weren’t paid for.” Which is why the Democrats were totally fine with voting to renew them last night… or why they had no qualms passing Obamacare, also known as the largest tax increase in history, into law without a clear plan for funding it.
“We need to go back to the ‘pay-go’ rules: the pay-as-you-go so that when you put a bill on the floor and it costs money, we actually have to pay for it. The Republicans, when they came in and took the majority back, got rid of that requirement.”
Apparently DWS forgot that President Obama signed the Statutory Pay-As-You-Go Act into law in 2010, which means that Congress does in fact operate under the pay-go rule she advocates for in the interview.
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some PEEPS needa be STRUNG up for this
Why Did A Train Carrying Biofuel Cross The Border 24 Times And Never Unload?
Tyler Durden's pictureSubmitted by Tyler Durden on 01/02/2013 16:49 -0500
Wondering why rail traffic has been somewhat surprisingly consistent despite uncertainty? Concerned at government's tenticular reach into each and every aspect of our lives? This somewhat stunning anecdotal report from OilPrice.com might shed some light:
A cargo train filled with biofuels crossed the border between the US and Canada 24 times between the 15th of June and the 28th of June 2010; not once did it unload its cargo, yet it still earned millions of dollars... The companies “made several million dollars importing and exporting the fuel to exploit a loophole in a U.S. green energy program.” Each time the loaded train crossed the border the cargo earned its owner a certain amount of Renewable Identification Numbers (RINs), which were awarded by the US EPA to “promote and track production and importation of renewable fuels such as ethanol and biodiesel.”
We suggest this is merely yet another unintended consequence (just as we noted here) and perverted incentive of central planning and an all encroaching government.
Via James Burgess of OilPrice.com,
A cargo train filled with biofuels crossed the border between the US and Canada 24 times between the 15th of June and the 28th of June 2010; not once did it unload its cargo, yet it still earned millions of dollars. CBC News of Canada was the first to pick up on this story on the 3rd of December 2012, and began their own investigation into the possible explanations behind this odd behaviour.
CN Rail, the operator of the train, stated their innocence in the matter as they had only “received shipping directions from the customer, which, under law, it has an obligation to meet. CN discharged its obligations with respect to those movements in strict compliance with its obligations as a common carrier, and was compensated accordingly.” Even so, they still managed to earn C$2.6 million in shipping fees.
During their investigation CBC managed to obtain an internal email which stated that the cars of the train were all reconfigured between each trip but that the cargo was never actually unloaded, because “each move per car across the border is revenue generated”, the sale of the cargo itself was inconsequential.
The cargo of the train was owned by Bioversal Trading Inc., or its US partner Verdero, depending on what stage of the trip it was at. The companies “made several million dollars importing and exporting the fuel to exploit a loophole in a U.S. green energy program.” Each time the loaded train crossed the border the cargo earned its owner a certain amount of Renewable Identification Numbers (RINs), which were awarded by the US EPA to “promote and track production and importation of renewable fuels such as ethanol and biodiesel.” The RINs were supposed to be retired each time the shipment passed the border, but due to a glitch not all of them were. This enabled Bioversal to accumulate over 12 million RINs from the 24 trips, worth between 50 cents and $1 each, which they can then sell on to oil companies that haven’t met the EPA’s renewable fuel requirements.
Both the Canada Border Services Agency and the US EPA have launched investigations into the possibility of fraud, although the companies claim that the practice was totally legal.
Why Did A Train Carrying Biofuel Cross The Border 24 Times And Never Unload?
Tyler Durden's pictureSubmitted by Tyler Durden on 01/02/2013 16:49 -0500
Wondering why rail traffic has been somewhat surprisingly consistent despite uncertainty? Concerned at government's tenticular reach into each and every aspect of our lives? This somewhat stunning anecdotal report from OilPrice.com might shed some light:
A cargo train filled with biofuels crossed the border between the US and Canada 24 times between the 15th of June and the 28th of June 2010; not once did it unload its cargo, yet it still earned millions of dollars... The companies “made several million dollars importing and exporting the fuel to exploit a loophole in a U.S. green energy program.” Each time the loaded train crossed the border the cargo earned its owner a certain amount of Renewable Identification Numbers (RINs), which were awarded by the US EPA to “promote and track production and importation of renewable fuels such as ethanol and biodiesel.”
We suggest this is merely yet another unintended consequence (just as we noted here) and perverted incentive of central planning and an all encroaching government.
Via James Burgess of OilPrice.com,
A cargo train filled with biofuels crossed the border between the US and Canada 24 times between the 15th of June and the 28th of June 2010; not once did it unload its cargo, yet it still earned millions of dollars. CBC News of Canada was the first to pick up on this story on the 3rd of December 2012, and began their own investigation into the possible explanations behind this odd behaviour.
CN Rail, the operator of the train, stated their innocence in the matter as they had only “received shipping directions from the customer, which, under law, it has an obligation to meet. CN discharged its obligations with respect to those movements in strict compliance with its obligations as a common carrier, and was compensated accordingly.” Even so, they still managed to earn C$2.6 million in shipping fees.
During their investigation CBC managed to obtain an internal email which stated that the cars of the train were all reconfigured between each trip but that the cargo was never actually unloaded, because “each move per car across the border is revenue generated”, the sale of the cargo itself was inconsequential.
The cargo of the train was owned by Bioversal Trading Inc., or its US partner Verdero, depending on what stage of the trip it was at. The companies “made several million dollars importing and exporting the fuel to exploit a loophole in a U.S. green energy program.” Each time the loaded train crossed the border the cargo earned its owner a certain amount of Renewable Identification Numbers (RINs), which were awarded by the US EPA to “promote and track production and importation of renewable fuels such as ethanol and biodiesel.” The RINs were supposed to be retired each time the shipment passed the border, but due to a glitch not all of them were. This enabled Bioversal to accumulate over 12 million RINs from the 24 trips, worth between 50 cents and $1 each, which they can then sell on to oil companies that haven’t met the EPA’s renewable fuel requirements.
Both the Canada Border Services Agency and the US EPA have launched investigations into the possibility of fraud, although the companies claim that the practice was totally legal.
Busybody
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Warren Buffett Profits From Fiscal Cliff Deal
If you are unlucky enough to be a normal American, your take-home pay will most likely go down as a result of Boehner et al.’s capitulation to the Taxer and Spender in Chief. That’s because you don’t have a seat at the table, like Hollywood — and like the deafeningly sanctimonious advocate of higher taxes Warren Buffett.
As ABC reports, the bill includes
$331 million for railroads by allowing short-line and regional operators to claim a tax credit up to 50 percent of the cost to maintain tracks that they own or lease.
A relevant earlier report from Bloomberg reveals:
Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) plans to boost capital spending at its railroad to $3.9 billion this year, an increase of 11 percent from 2011, as the company adds capacity for coal shipments. …
The railroad’s plan calls for $400 million in terminal, intermodal-expansion and efficiency projects, including on coal routes. The rail serves mines in the Western U.S., including Wyoming’s Powder River Basin, which holds the largest and cheapest U.S. reserves of the power-plant fuel.
It has been suggested that Buffett’s financial interest in transporting fuel by rail also explains his crony Obama’s otherwise incomprehensible opposition to the Keystone XL pipeline.
If this surprises you, welcome to the sordid reality of liberal class warfare politics, by which the rich get richer when they convince idiots to hate them.
If you are unlucky enough to be a normal American, your take-home pay will most likely go down as a result of Boehner et al.’s capitulation to the Taxer and Spender in Chief. That’s because you don’t have a seat at the table, like Hollywood — and like the deafeningly sanctimonious advocate of higher taxes Warren Buffett.
As ABC reports, the bill includes
$331 million for railroads by allowing short-line and regional operators to claim a tax credit up to 50 percent of the cost to maintain tracks that they own or lease.
A relevant earlier report from Bloomberg reveals:
Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) plans to boost capital spending at its railroad to $3.9 billion this year, an increase of 11 percent from 2011, as the company adds capacity for coal shipments. …
The railroad’s plan calls for $400 million in terminal, intermodal-expansion and efficiency projects, including on coal routes. The rail serves mines in the Western U.S., including Wyoming’s Powder River Basin, which holds the largest and cheapest U.S. reserves of the power-plant fuel.
It has been suggested that Buffett’s financial interest in transporting fuel by rail also explains his crony Obama’s otherwise incomprehensible opposition to the Keystone XL pipeline.
If this surprises you, welcome to the sordid reality of liberal class warfare politics, by which the rich get richer when they convince idiots to hate them.
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