I know you don’t come to HA for my opinions on a national issue. And the debate has been the main thing in the news all day. Still, there’s one thing that surprised me that hasn’t got much play. When I was listening to the debate, the thing that I thought was Romney’s biggest fuckup was his joke about wanting tax breaks to ship jobs overseas.
The second topic, which is you said you get a deduction for taking a plant overseas. Look, I’ve been in business for 25 years. I have no idea what you’re talking about. I maybe need to get a new accountant.
It’s funny because of all the lives he’s ruined.
Sure, chronicling all of Romney’s lies and figuring out the policy is probably more important than getting into this. And since people are saying Romney won the debate, pointing out that this is a pretty big gaff goes against the storyline. But still, it seems like the biggest fuckup of the night.
Now, I say it didn’t get much play. But one important person brought it up the next day, even if he soft peddled just how disgusting it was:
The Mitt Romney we all know invested in companies that were called pioneers of outsourcing jobs to other countries, but the guy on stage last night, he said that he doesn’t even know that there are such laws that encourage outsourcing. He’s never heard of them! Never heard of them. Never heard of tax breaks for companies that ship jobs overseas. He said that if it’s true, he must need a new accountant. [laughter] Now, we know for sure it was not the real Mitt Romney because he seems to be doing just fine with his current accountant. [laughter]
That’s President Obama, who probably would have done better to say that on the stage, but nonetheless is saying it now. I know the difference between them on outsourcing isn’t as great as I would like. Obama still favors policies that will let too many of America’s jobs get outsourced. But at least he doesn’t want businesses who do that to be able to write it off as a business expense.
I still say that Obama wasn’t quite prepared for the breathtaking depth of Romney’s mendacity. Indeed, it’s hard for me to imagine just how one might prepare for that level of mendacity. Last night, Romney took it to levels we’ve never seen before.
But, come November, people aren’t going to remember this debate quite so much as they’ll remember the political ads that will be made as a result of it.
I think Mitt was shocked that his accountant left money on the table after Mitt’s last offshoring.
Is there really a special deduction for shipping jobs overseas? Or are we talking about the regular “expense” deductions from gross revenue, to come up with taxable income? My understanding is that all expenses for things like wages, materials, and capital investment are equally deductible, regardless of whether the expenses are made in the USA, Mexico, India or China.
Hell Bill Clinton’s Nafta was the beginning of all of the job exportation. It has escalated since then through Obama’s administration, and it is happening on steroids right now.
If you are going to call out Romney on this I mean please, Clinton started it!
No one since has attempted anything to regulate against it and punish the companies who do so. We need these jobs in America, not India, Mexico and China just to name a few.
While you fools fixate on Romney and chump change for his ventures, your pals at Microsoft and other techies have avoided Billions in taxes. Billions.
http://newyork.newsday.com/new.....-1.4023524
Why not go launch a Microsoft protest?
After all, Microsoft does not have to do this, they choose to. Elections such as this are not mandatory.
Go after the real money fools.
Here is another article about Microsoft and Apple avoiding Billions of taxes in one of your favorite news sources, Huffpo.
http://www.huffingtonpost.com/.....01398.html
Come on, go after the real money.
Obama thinks we have a zero sum game going here. That Obama/Biden can simply suck a Trillion or more out of corporate America and there will be no undesirable consequences, like they stop doing business and stop hiring…and worse yet, they lay off.
Obama/Biden are just yappin’ at the straw men they lay down. Appealing to the idiots like you marxist types to get you all fired up. Apparently it’s working. Do you really think chasing big taxpayers for Trillions is going to get any traction as far as being remotely doable? Obama/Biden are on a mission to destroy jobs so more are dependent on trickle down government. It’s time to stop the madness. Watch the polls in the next week.
LMAO!!! Silly klown tell us something we don’t know..
Indeed – tax them. How else will we pay off right wing wars charged on the credit card?
I predict the war of Willard Romney’s reign, the war in Iran will be floated in part by the Federal Reserve. China will sit out that one.
Better a portion of those record corporate profits flowing to the U.S. Treasury settling the overdrawn accounts of right wing boondoggles than flowing to TV/Radio/Internet outfits and Super Pacs playing all those stupid ads..
Idiot!
@ 4 and 5
Jezuz H Goatfucking Christ you’re a stupid motherfucker.
Oop, no, you’re just another liar. So many “Conservatives” are just liars and grifters and thieves.
It has consistently been the National-Corporatist Fascisti “Conservatives” who have opposed removing those tax breaks. The people whose assholes you lick clean every day.
Carl, you are on to something most of the MSM is not yet in tune with; ‘the debates’ are a moment in media time when media time is far more overwhelming now. Slick Willard had a good performance on one night, but there are hundreds of thousands of moments with nearly equal portent between then and the end of the election/voting period.
In a related piece of news today
September jobs report: Unemployment rate tumbles
Good news for sure. Not good enough for sure.
But from an election point of view the numbers reinforce a growing perception that the Obama plan is taking us in the right direction; FORWARD.
President Obama Job Approval
Booman has an interesting post he cautions us to take with a grain of salt, but still
The Favorability Impact
Go read the whole thing.
re Big Bird, Booman’s right. That comment has long legs because amazingly Slick Willard reinforces the perception that he really has no understanding and does not give a shit about YOU people. And merely the words Big Bird bring a visual to every man, WOMAN and child in America.
The trolls have been mocking the “sandbagging” or “rope-a-dope” theory about Obama’s performance in the debate..
Even Obama supporters have been pulling their hair out..
Shit who’d a thunk the media would be all over Romney’s plan to balance the budget:
“Getting tough on Big Bird”..
Rope-a-dope indeed.
MikeBoyScout–
I actually agree that this debate bounce may end up just being some temporary noise. However, we really don’t know precisely what the debate bounce was because most polls include pre-debate data. It will take a week or so to sort itself out. One thing most pundits agree on is this debate helped Romney. To what degree and how long it will stick, who knows. However, the pressure is on Obama to improve his performance next debate. Obama is a competitor and loves the competition (much more than he does actually effectively governing). I would expect him to do much better next time, especially when he is not impacted by altitude as Al Goreski claims (that was pretty funny you’ve got to admit).
The focus is not on Washington State. Remember that. I read newspapers and watch news shows in the swing states. You get quite a different picture than what is presented in Washington State. I expect enough of the swing states to get inside the margin of error of polling averages that this will be interesting at least. Clearly Obama has the advantage today. But as Mike pointed out, today is merely a snapshot, like the debate impact, and matters little as the Carter/Reagan 1980 race proved.
The number of jobs added was still a modest 114,000, and many of them were part time. The number of people with part-time jobs who wanted full-time work rose 7.5 percent to 8.6 million.
Certainly Obama will try to spin the numbers to make it appear things are better than they actually are. But critical thinkers look at how many of these numbers were compiled (household surveys) and should be prepared to see them revised soon. All that has happened here is many part-time jobs which include tiny home businesses etc. Not much of a recovery.
The bottom-line is that if folks who quit looking for work period were included, the Unemployment Rate would be 11%.
Actually, 11% Unemployment is generous to Obama.
If you look at Shadow Stats compilation, it’s much, much worse.
http://www.shadowstats.com/alt.....ent-charts
Adding hundreds of thousands of part-time jobs does not make a recovery, except in the DC Bubble that Obama/Biden operate in.
Jerry,
I get it.
Good news for America is bad news for you nutjobbers.
Jerry,
The numbers are SKEWED!
but Gekko/Galt policies (a.k.a. Bush/Cheney policies) screwed us all. Well, 99% of us.
@Jerry….you are mistaken, we effete Volvo-driving, wine-sipping, progressives slavishly follow fashion and use the stylish Apple products. Microsoft is useful for proles so who cares where they screw everyone on taxes. Our products help Chinese workers achieve middle class status. So there!
@ Jerry, Mitt is now at 31% on Intrade and 15 of 15 professional oddsmakers have long odds on Mitt Romney. The polls take days to obtain results of political events. The money market after the debates was quick to respond. http://www.oddschecker.com/spe.....ion/winner
It’s funny because of all the lives he’s ruined.
I sort of tear up a little when I think of all the lives of blacksmiths that were ruined by Henry Ford.
Sniff.