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What he says in public:

· Just last month, Gavin Newsom told the San Diego area East County Magazine that “the environmental catastrophe devastating the Gulf of Mexico is a tragic reminder of why we must take a stand against the oil companies and oppose all offshore drilling off California’s precious coast.”

What he invests in when you’re not lookin’…

· Up to $100,000 invested in in Transocean Inc. – the company whose ruptured deepwater rig, which is leased to BP, is spewing millions of gallons of oil, endangering wildlife and beaches all along the Gulf Coast.

· Stock in three companies involved in oil and gas exploration: Dorchester Minerals, Resolute Energy and Schlumberger Ltd.

· Stock in Petroleo Brasileiro, Brazil’s largely state-owned oil company that has been looking to the United States to help finance exploration of a huge offshore oil discovery near Rio de Janeiro.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/06/29/BADT1E6N40.DTL#ixzz0sLlOQxyu

Government workers gone wild!
clipped from thelearningcurve.blogspot.com

Is Porn Responsible for the Financial Crisis?

Is Porn Responsible for the Financial Crisis?  SEC staff were surfing pornography instead of watching the financial system:

_ A senior attorney at the SEC’s Washington headquarters spent up to eight hours a day looking at and downloading pornography. When he ran out of hard drive space, he burned the files to CDs or DVDs, which he kept in boxes around his office. He agreed to resign, an earlier watchdog report said.

image

_ Seventeen of the employees were “at a senior level,” earning salaries of up to $222,418.

  blog it
Here we have the major issue with socialism and a “government takeover” of jobs. We’re seeing private sector jobs go away, while public sector (government) jobs grow. Of course, the government is funded by taxes on the private sector.

See a problem with this strategy down the road?

clipped from online.wsj.com
[unemployed0331]

Private-sector jobs in the U.S. dropped by 23,000 this month. Above, unemployed Americans line up as they wait to gain entry to meet employers at the Los Angeles Career Fair in March.

Private payrolls fell in March, according to data released Wednesday. The news rattled investors and economists who had expected March would show a gain in payrolls.

Private-sector jobs in the U.S. dropped by 23,000 this month, according to a national employment report published Wednesday by payroll giant Automatic Data Processing Inc. and consultancy Macroeconomic Advisers.

The ADP survey tallies only private-sector jobs, while the Bureau of Labor Statistics’ nonfarm payroll data, to be released Friday, include government workers. The addition of workers for the 2010 census is expected to lift federal government payrolls.

  blog it
You know this, of course. Nice to see it in a list. Remember that companies don’t pay taxes. They increase the prices of their products and/or services to cover the tax. You pay the tax.
clipped from orangepunch.freedomblogging.com
Why they call them tax-and-spend Democrats
clipped from orangepunch.freedomblogging.com

go to the foundation’s web site for the longer list.

  • Impose 10% excise tax on indoor tanning services
  • Employer W-2 reporting of value of health benefits
  • Increase in additional tax on distributions from HSAs and Archer MSAs not used for qualified medical expenses to 20%
  • Impose annual fee on manufacturers and importers of branded drugs
  • Impose 2.3% excise tax on manufacturers and importers of certain medical devices
  • Eliminate deduction for expenses allocable to Medicare Part D subsidy
  • Raise 7.5% AGI floor on medical expenses deduction to 10%
  • Broaden Medicare Hospital Insurance Tax Base for High-Income Taxpayers
  • Increase by 15.75 percentage points the required corporate estimated tax payments factor for corporations with assets of at least $1 billion for payments due in July, August, and September 2014

Well, you get the idea. Oh, by the way. The Bush tax cuts will soon expire on top of that.

  blog it
We’re told to believe government estimates, yet another one bites the dust.
clipped from www.foxnews.com

After a year of crippling delays, President Obama’s $5 billion program to install weather-tight windows and doors has retrofitted a fraction of homes and created far fewer construction jobs than expected.

After a year of crippling delays, President Obama’s $5 billion program to install weather-tight windows and doors has retrofitted a fraction of homes and created far fewer construction jobs than expected.

In Indiana, state-trained workers flubbed insulation jobs. In Alaska, Wyoming and the District of Columbia, the program has yet to produce a single job or retrofit one home. And in California, a state with nearly 37 million residents, the program at last count had created 84 jobs.

  blog it
I don’t think the CBO factored in “changes in behavior” to their cost estimates. Bill Gross already says the CBO estimates are bogus and will lead to $500B in additional deficit. Now, companies are changing their behavior to provide less benefits.

Shocker.

clipped from news.yahoo.com
Companies say health care costs hard to swallow

The health care overhaul will cost U.S. companies billions and make them more likely to drop prescription drug coverage for retirees because of a change in how the government subsidizes those benefits.

In the first two days after the law was signed, three major companies — Deere & Co., Caterpillar Inc. and Valero Energy — said they expect to take a total hit of $265 million to account for smaller tax deductions in the future.

Figuring out what it will mean for retirees will take longer, but analysts said as many as 2 million could lose the prescription drug coverage provided by their former employers, leaving them to enroll in Medicare’s program.

  blog it

Warren Buffett looks at the current health care reform proposals and recommends we start over.

Billionaire investor Warren Buffett advised President Barack Obama on Monday to scrap the health care bill and start over.

In an interview with CNBC, Buffett said the current bill does not focus on controlling costs, which he sees as the central problem that must be addressed to reform the system.

Link

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