ZadPolBlog

Tuesday, October 06, 2009

This sums up a whole lot

The United States is the most admired country globally thanks largely to the star power of President Barack Obama and his administration, according to a new poll.

http://www.reuters.com/article/lifestyleMolt/idUSTRE59447120091005?rpc=60

"What's really remarkable is that in all my years studying national reputation, I have never seen any country experience such a dramatic change in its standing as we see for the United States for 2009"

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Here's another way a change from GOPpers to Dems can change things:

One of the ways the Obama Administration is trying to undo the damage done to the US economy by so many years of "trickle down" economics: close tax loopholes for the largest corporations:

www.bloomberg.com/apps/news?pid=20601103&sid=aWoQkk2WY1oc

Think about it, if the US corporate tax rate is set at 35%, but some corporations are allowed to pay only 5%, that means the US taxpayers are subsidizing the profits of those companies via corporate welfare. This unduly harms not just the US taxpayers, but also US corporations that play by the rules, or are too small to exploit "voodoo economics" loopholes.

What happens when taxpayer money is funneled to large corporations to boost their profits? The everyday taxpayer has to pay more. Eliminate the loophole, and the rank-and-file pay less taxes.

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And one more illustration of change, for good measure:

For Obama, the pressing issue on national defense is stopping terrorists. For Republicans, it's making sure Goldman Sachs makes some extra profit at the expense of US taxpayers.
www.politico.com/news/stories/1009/27947.html

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