Obama miffs tech companies

Obama is a frontman for those evil banking institutions.

I can hardly believe that torture and tax-dodging are the issues that conservatives in the US are latching onto these days. WOW! Talk about rebranding.

The Honda Accord (made in Marysville Ohio) in my garage disagrees with your assessment that manufacturing cars (non SUVs even!) in the United States is not competitive.

I'm guessing Mercedes Benz and Hyundai Sonatas made in Alabama would also disagree with you. How about Honda Civics made in Greensburg Indiana? BMWs in Spartanburg South Carolina? Even Kias made in West Point Georgia?

Yeah, but Virginia is where your Washingtown laundry capital is located.

And the truth is we don’t pay taxes, the price of our wages goes up and our employers pay the tax.

And round and round it goes. Who is paying whom? Welcome to the world financial system...

I read somewhere (trying to find the source again) that over 12,000 American companies report the same physical building as a headquarters.. that's a really big building.

King Charles II gave Virginia the name and status of Old Dominion because of its loyalty to England during the English Civil War (1642–49), under the Union of the Crowns; and thereby royal assent for Virginia's autonomy, under the Union of the Crowns.
On 1 May 1707, under the Acts of Union 1707, England and Scotland were united as a single sovereign state, the Kingdom of Great Britain.
In many respects, the 13 Colonies predate the GB social contract.

Anne became its first sovereign, while continuing to hold the separate crown of Queen of Ireland and the title Queen of France. Anne reigned for twelve years until her death in August 1714. Anne was therefore the last Queen of England and the last Queen of Scotland.
Of the Kingdoms of Great Britain and Ireland:

George I (r.1714-1727) (Georg Ludwig = George Louis)
George II (r.1727-1760) (Georg August = George Augustus)
George III (r.1760-1820)

Of the United Kingdom of Great Britain and Ireland:

George III (r.1760-1820)

All sorts of legal objections were raised: all laws would have to be renewed and all treaties renegotiated.

Colonists had enough of bastardized imperial Parliaments' authority during the French and Indian War, and refused to pay for the dichotomy of "Britishness" whilest being abused by rake Hessians.

Annuit cœptis, KJV

he's dead right on this one. Obama thinks this will bring more jobs back? Are you kidding me - it will cause firms to move away and the US will lose more jobs and revenue. Look at Global foundries - a spinoff of an American firm... it was incorporated in the CAMAN ISLANDS (one would think it would be incorporated in either the US or in Germany, no?)! Anyone wonder why the Camans? Did anyone ask? Did NY ask when they gave the Caman firm $1.2Bil?

The US has 2nd highest business tax rate of the industrialized world... perhaps this is why jobs are moving out of the US? Causing overseas profits to be taxed at US rates only makes US companies LESS COMPETITIVE with overseas firms (as the tax rates between competing firms would now be different). It is stunning how little is known about this president and his policies and how little coverage is given to the details of policies like this by the corrupt US media.

As an example the auto industry failure is blamed on having the wrong cars at the wrong time. Yet when oil was cheap and SUV's were popular, Detroit was in major decline - because the cost of producing in the US was not competitive; making lower margin cars is only going to make matters worse as labor and other cost discrepancies will only get magnified. I heard one pundit saying well if Japanese companies can be profitable making hybrids why can't the US? The idiot didn't know the hybrids are sold AT A LOSS, and that is recovered by selling higher margin SUV's and trucks (to places like the US). Now with the US gov't and UAW as majority owners of both Chryler/FIAT and GM there will be a "green" switch to cars that will be sold at a bigger loss (thanks to uncompetitive labor costs) and the 'green' switch will turn out the lights on the American auto industry once and for all (or the more likely scenario force it to be socialized)

I watch plenty of FNews and anyone who falls for the 'fair & balanced' crap need to check themselves into a mental hospital. FNews is loaded up with lies that are disproved daily. I'd recommend you watch more than just FNews so you can see how often (daily) their 'reports' are torn apart by people who don't just make thier shit up. As for the tea parties, the coverage I saw on FNews constantly showed people who either had no idea what they were protesting, or were protesting things that weren't even happening. Some of them actually had valid concerns, but they had those concerns for the last 8 years and protested then too, but your 'fair & balanced' news channel decided it wasn't worth covering & promoting those years :)

I live near a state boarder and work in my neighboring state. I pay state taxes in both, such that my total state tax is equal to whatever state taxes the most. I do NOT have to pay one state's taxes + another state's taxes. That would be crazy.

Here's the thing: when a tech company (like M$) makes a product (like software) in USA and sell in overseas, they incure the expense in the US and the profit elsewhere. By txing them elsewhere, you are making the overseas portion of their business less profitable, thus they are less likely to keep doing so.

Another FYI: When a politician promotes himself as savior of the poor, the best way to get re-elected is to have plenty of poor voters. ;)

Time to pull your head out of the sand. The bill that ultimately repealed the Glass-Steagall Act was introduced in the Senate by Phil Gramm (Republican of Texas) and in the House of Representatives by Jim Leach (R-Iowa) in 1999. The bills were passed by Republican majorities on party lines by a 54-44 vote in the Senate[12] and by a 343-86 vote in the House of Representatives[13]. After passing both the Senate and House the bill was moved to a conference committee to work out the differences between the Senate and House versions. The final bill resolving the differences was passed in the Senate 90-8 (1 not voting) and in the House: 362-57 (15 not voting). ' The legislation was signed into law by President Bill Clinton on November 12, 1999.
If Clinton had vetoed the bill, it would have been overturned since the republicans had a majority.

Obama is an idealogue.

Well Mark you seem to get your information from where? MSN, CNN or some other political organi... er, I mean news organization? Yes sir, that was some fair and balanced coverage of the tea parties huh? Impressed by that were you? Be careful what you wish for...

If it wasn't for FOX journalism in the US country would be dead and buried. I suppose you believe the so-called press coverage of the election and the the Kenyan's administration is fair? It's a joke and if you're weren't sofa-king left-wing / socialist you'd see that.

Actually, corporations pay taxes on profits that they gain simply because market cannot provide sufficient competition to make the product a commodity. A company that sells lot of products but makes no profit pays zero taxes.

If this does happen all they have to do is move to the Great White North, we will welcome them with open arms and throw tax breaks at their companies, just like the $50 Billion dollar one our PM threw at Exxon.

The bankers did make mistakes - they followed explicit policies and practices.

A mistake would be "Oops, where did all the assets go!?"

This was more like "Oops we got caught out!"

I'm all for taxing the foreigners especially if it means lowering my own tax.

The banks though,, that worthless bailout money was used to buy up many of those foreign banks. This means your little foreign banks is now US owned! Yes, we now own your economy.. The Euro is now based on the worthless paper the states print.

The next step is to nuke china to get out from under the debt owed them that we used to finance all our diabolical deeds.

Truth is Companies dont pay taxes, the price of the product just go's up and You / We pay the tax.

Are we learning yet? didnt think so..

All of your monies are belong to us.

Bwa ha ha, bw ha ha ha (evil american laugh).

And you wonder why we had tea parties on tax day...

We realize that proportionally we pay far more on taxes than what the brits stuck on us. The reason why we split was not the tax but the tax without benifits... and you fired first :P "armed terrorist" my @$$....

anyhow Obama has never run anything before and he is showing it... he cant run a city or a state much less a entire Nation... he is trying micromanage a nation... and it just can't be done.

through this stupidity he will cost more Americans their jobs... you raise taxes... businesses go oversees.

The people hoping for change are getting it... too bad its not what we need.

Anon complains that Americans are stupid, and seems to get his talking points from Hannity. I guess he is proving his own point via himself.

While we're it, how about banning imports of products that are produced under conditions prohibited in the US for environmental and health reasons.
That would bring a lot of jobs home, maybe one for me even ;)

It doesnt matter that the banking policies that led to this melt down came from Clinton. Nope. It is all Bush's fault. It doesnt matter that the majority of Americans dont know a damn thing. Thats Bush's fault too. We americans cant be bothered with stuff like knowledge, thats also Bush's fault.
And Obama is paving the way to the future, by spending us into poverty. I wonder why Germany and France both agreed that our fiscal policies are detrimental. That must be Bush's fault too. My life is so much easier to live now that i can blame everything on Bush. Now i know how californians are so happy drowning in their own debt and looking for that bailout, It was all Bush.

Fixing one more of Bush's blunders.

Ummm... listen, about that armed resurrection.... we sorry 'bout dat, can we come home? It not easy runnin' a country, just look at how much our political parties have screwed up.

We promise be nice to Queen. Maybe even to jug-eared son, chuckie, but dat be harder to promise.

Obama's the president of all 13 of the former UK colonies in the New World.

Kargis

But did you know a trillion had already been spent on the banks before Obama was even sworn in?
If the tax loop-hole is so important for business, why don't they lobby for tax exemption that is not a loop-hole? There are quite a few non-great-as-sliced-cheese companies out there that use world's tax havens for their own benefit.

Today Global Corps have most of there expenses in the US (i.e. 80%) if they are US based but recognize only say 50% of their revenue in the US, therefore the profit (revenue less expense) is out of proportion in the US and heavily favors the rest of the world these companies operate in. But for taxes these corporations show all that US expense but only the US revenue.

Where is the issue with that?