PDA

View Full Version : Economics Obama's plan to bring down the price of milk


***SPRAYER
08-05-2008, 06:28 AM
B.O. will take the profits away from the dairy companies, and redistribute the money back to the consumers, so they can purchase milk with it.

Is this brilliant or what? B.O. modestly admitted that he got the idea from Robert Mugabe. "Of course, the difference between my plan and his plan, in Zimbabwe they took the entire farm, not just the profits" B.O. said.

memyselfI
08-05-2008, 08:10 AM
Whew, no gauges or blowing up anything. :D

***SPRAYER
08-05-2008, 08:23 AM
Whew, no gauges or blowing up anything. :D


Prepare for the GREAT LEAP FORWARD!!!

http://www.re-evaluationmao.org/mao-heading.jpeg

HonestChieffan
08-05-2008, 08:47 AM
big milk sucks

banyon
08-05-2008, 08:59 AM
yeah, any tax or regulation= full blown communism11!!11!eleven11one

Ultra Peanut
08-05-2008, 09:21 AM
She calls them Mayon-eggs.

http://i37.tinypic.com/9vbi3k.gif

Programmer
08-05-2008, 09:23 AM
You mean I'll be able to get milk for less than $3.19?

***SPRAYER
08-05-2008, 09:25 AM
She calls them Mayon-eggs.

http://i37.tinypic.com/9vbi3k.gif

My God you are obnoxious and annoying.

***SPRAYER
08-05-2008, 09:25 AM
You mean I'll be able to get milk for less than $3.19?

No you'll get it for free! Just like in Zimbabwe!

StcChief
08-05-2008, 10:34 AM
Can I use the money to buy cheese instead. Not a Milk fan.

Ultra Peanut
08-05-2008, 11:19 AM
My God you are obnoxious and annoying.<blink>ha ha ha ha ha ha ha ha ha ha ha </blink>
http://i33.tinypic.com/2usbbb7.gif
<blink>ha ha ha ha ha ha ha ha ha ha ha </blink>

Taco John
08-05-2008, 11:22 AM
My God you are obnoxious and annoying.

Said the obnoxious and annoying dipshit who didn't bother to post a link to the story... :rolleyes:

Messier
08-05-2008, 11:24 AM
My God you are obnoxious and annoying.

But you're a sweetheart.

Reaper16
08-05-2008, 11:47 AM
My God you are obnoxious and annoying.
You don't like Arrested Development?

***SPRAYER
08-05-2008, 11:47 AM
Said the obnoxious and annoying dipshit who didn't bother to post a link to the story... :rolleyes:


A link to the story??? I made it up.

:)

Chief Henry
08-05-2008, 11:55 AM
Big milk.....dam Wells Blue Bunny and Anderson Erickson. Greedy buzzurds.

BigChiefFan
08-05-2008, 12:01 PM
A link to the story??? I made it up.

:)
Heaven forbid you actually use facts to debate with. That would require an actual thought-process by you, which we all know won't be happening anytime soon, right, shitstain?

HC_Chief
08-05-2008, 12:17 PM
Heaven forbid you actually use facts to debate with. That would require an actual thought-process by you, which we all know won't be happening anytime soon, right, shitstain?

OMG, have you completely lost your sense of humor? Seriously.... anyone who couldn't see this as a satirical take on BHO's mention of "Windfall taxation" needs to take a break from the intarweb.

I'm hoping TJ's usual "got a link" quip was also tongue in cheek, but I kinda doubt it. Teej?

BigChiefFan
08-05-2008, 12:22 PM
OMG, have you completely lost your sense of humor? Seriously.... anyone who couldn't see this as a satirical take on BHO's mention of "Windfall taxation" needs to take a break from the intarweb.

I'm hoping TJ's usual "got a link" quip was also tongue in cheek, but I kinda doubt it. Teej?
I know it's obviously a satire-a weak one at that, but none-the-less satire, but it still doesn't give the shitstain a free pass for flinging horsehit lies around, without being called out for it, now does it? Shitstain is a shit stirrer, who will stop at nothing to pray on the simple-minded. His sole purpose on the sight seems to be to ruffle feathers, fling insults , and use any and every means to spread a political agenda. Gee, he's great.

HC_Chief
08-05-2008, 12:24 PM
I know it's obviously a satire-a weak one at that, but none-the-less satire, but it still doesn't give the shitstain a free pass for flinging horsehit lies around, without being called out for it, now does it? Shitstain is a shit stirrer, who will stop at nothing to pray on the simple-minded. His sole purpose on the sight seems to be to ruffle feathers, fling insults , and use any and every means to spread a political agenda. Gee, he's great.

No more or less than most everyone else on either side of the spectrum.

BigChiefFan
08-05-2008, 12:29 PM
No more or less than most everyone else on either side of the spectrum.
Bullshit. Most on here from both sides of the spectrum, will actually debate using FACTS. The shitstain uses flat out lies because he isn't bright enough to actually use the facts to make a compelling argument. Rather, he'd rather fling enough shit, in the hopes that some of it sticks. Yea, he's a real master at politics.

HC_Chief
08-05-2008, 12:30 PM
Bullshit. Most on here from both sides of the spectrum, will actually debate using FACTS. The shitstain uses flat out lies because he isn't bright enough to actually use the facts to make a compelling argument. Rather, he'd rather fling enough shit, in the hopes that some of it sticks. Yea, he's a real master at politics.

:spock:
Lies? Seriously? You must be referring to another thread....

markk
08-05-2008, 12:34 PM
the plan is actually for everyone to take an eye dropper, draw out a mL or two from each glass of milk they pour, and put it back in the carton.

Just this small savings will mean we never need to breed any new cows to supply all our milk needs.

BigChiefFan
08-05-2008, 12:35 PM
:spock:
Lies? Seriously? You must be referring to another thread....Yes, I'm referring to shitstain in general. Yes, he lies about alot of things, than backtracks when confronted. He also has very little knowledge of politics and it shows, but don't let that keep you from defending lies.

HC_Chief
08-05-2008, 12:41 PM
the plan is actually for everyone to take an eye dropper, draw out a mL or two from each glass of milk they pour, and put it back in the carton.

Just this small savings will mean we never need to breed any new cows to supply all our milk needs.

Just check the seal on the gallon of milk, silly. We could save 4trillion gallons of milk per day if people would properly torque the lid on their containers. :shake:

BigChiefFan
08-05-2008, 12:54 PM
Just check the seal on the gallon of milk, silly. We could save 4trillion gallons of milk per day if people would properly torque the lid on their containers. :shake:Yea, no mountain out of a molehill from the right.

Reaper16
08-05-2008, 12:57 PM
It's only good satire if there is a good analogy to be made between oil and milk. Sure, the price of food has gone up, but that's because the manufacturing costs are up. The dairy industry is not making "windfall profits" on milk, no matter how loosely you define the term.

The cost of food is up because the cost of corn, specifically is up. Corn is up because of demand for ethanol. Demand for ethanol is up because of the high price of oil.

HC_Chief
08-05-2008, 01:11 PM
It's only good satire if there is a good analogy to be made between oil and milk. Sure, the price of food has gone up, but that's because the manufacturing costs are up. The dairy industry is not making "windfall profits" on milk, no matter how loosely you define the term.

The cost of food is up because the cost of corn, specifically is up. Corn is up because of demand for ethanol. Demand for ethanol is up because of the high price of oil.

And neither is Exxon; that's the point. Exxon/Mobile's profit margin was 10%. Industry average is a bit over 8%.

"Windfall profit" is an undefined measure being placed upon the profits of one industry, but not others. That's a violation of equal protection in my estimation.

It's also pretty damn frightening when you think about it. Our government (parts of it) wants to punish profit in the private sector based upon undefined terms.

markk
08-05-2008, 01:13 PM
It's only good satire if there is a good analogy to be made between oil and milk. Sure, the price of food has gone up, but that's because the manufacturing costs are up. The dairy industry is not making "windfall profits" on milk, no matter how loosely you define the term.

The cost of food is up because the cost of corn, specifically is up. Corn is up because of demand for ethanol. Demand for ethanol is up because of the high price of oil.

So what's a windfall profit?

Reaper16
08-05-2008, 01:20 PM
And neither is Exxon; that's the point. Exxon/Mobile's profit margin was 10%. Industry average is a bit over 8%.

Interesting. Link?

markk
08-05-2008, 01:25 PM
Interesting. Link?

since it's his link I'll let him furnish it, but 8-10% margin is probably pretty close. it's not in any way an extraordinary margin.

alanm
08-05-2008, 01:26 PM
Prepare for the GREAT LEAP FORWARD!!!

http://www.re-evaluationmao.org/mao-heading.jpeg
I'm right there with you Comrade :thumb:

HC_Chief
08-05-2008, 01:27 PM
Interesting. Link?

From the Silok thread:

From WSJ.com

"What Is a 'Windfall' Profit?
August 4, 2008; Page A12

The "windfall profits" tax is back, with Barack Obama stumping again to apply it to a handful of big oil companies. Which raises a few questions: What is a "windfall" profit anyway? How does it differ from your everyday, run of the mill profit? Is it some absolute number, a matter of return on equity or sales -- or does it merely depend on who earns it?

Enquiring entrepreneurs want to know. Unfortunately, Mr. Obama's "emergency" plan, announced on Friday, doesn't offer any clarity. To pay for "stimulus" checks of $1,000 for families and $500 for individuals, the Senator says government would take "a reasonable share" of oil company profits.
[Barack Obama]

Mr. Obama didn't bother to define "reasonable," and neither did Dick Durbin, the second-ranking Senate Democrat, when he recently declared that "The oil companies need to know that there is a limit on how much profit they can take in this economy." Really? This extraordinary redefinition of free-market success could use some parsing.

Take Exxon Mobil, which on Thursday reported the highest quarterly profit ever and is the main target of any "windfall" tax surcharge. Yet if its profits are at record highs, its tax bills are already at record highs too. Between 2003 and 2007, Exxon paid $64.7 billion in U.S. taxes, exceeding its after-tax U.S. earnings by more than $19 billion. That sounds like a government windfall to us, but perhaps we're missing some Obama-Durbin business subtlety.

Maybe they have in mind profit margins as a percentage of sales. Yet by that standard Exxon's profits don't seem so large. Exxon's profit margin stood at 10% for 2007, which is hardly out of line with the oil and gas industry average of 8.3%, or the 8.9% for U.S. manufacturing (excluding the sputtering auto makers).

If that's what constitutes windfall profits, most of corporate America would qualify. Take aerospace or machinery -- both 8.2% in 2007. Chemicals had an average margin of 12.7%. Computers: 13.7%. Electronics and appliances: 14.5%. Pharmaceuticals (18.4%) and beverages and tobacco (19.1%) round out the Census Bureau's industry rankings. The latter two double the returns of Big Oil, though of course government has already became a tacit shareholder in Big Tobacco through the various legal settlements that guarantee a revenue stream for years to come.

In a tax bill on oil earlier this summer, no fewer than 51 Senators voted to impose a 25% windfall tax on a U.S.-based oil company whose profits grew by more than 10% in a single year and wasn't investing enough in "renewable" energy. This suggests that a windfall is defined by profits growing too fast. No one knows where that 10% came from, besides political convenience. But if 10% is the new standard, the tech industry is going to have to rethink its growth arc. So will LG, the electronics company, which saw its profits grow by 505% in 2007. Abbott Laboratories hit 110%.

If Senator Obama is as exercised about "outrageous" profits as he says he is, he might also have to turn on a few liberal darlings. Oh, say, Berkshire Hathaway. Warren Buffett's outfit pulled in $11 billion last year, up 29% from 2006. Its profit margin -- if that's the relevant figure -- was 11.47%, which beats out the American oil majors.

Or consider Google, which earned a mere $4.2 billion but at a whopping 25.3% margin. Google earns far more from each of its sales dollars than does Exxon, but why doesn't Mr. Obama consider its advertising-search windfall worthy of special taxation?

The fun part about this game is anyone can play. Jim Johnson, formerly of Fannie Mae and formerly a political fixer for Mr. Obama, reaped a windfall before Fannie's multibillion-dollar accounting scandal. Bill Clinton took down as much as $15 million working as a rainmaker for billionaire financier Ron Burkle's Yucaipa Companies. This may be the very definition of "windfall."

General Electric profits by investing in the alternative energy technology that Mr. Obama says Congress should subsidize even more heavily than it already does. GE's profit margin in 2007 was 10.3%, about the same as profiteering Exxon's. Private-equity shops like Khosla Ventures and Kleiner Perkins, which recently hired Al Gore, also invest in alternative energy start-ups, though they keep their margins to themselves. We can safely assume their profits are lofty, much like those of George Soros's investment funds.

The point isn't that these folks (other than Mr. Clinton) have something to apologize for, or that these firms are somehow more "deserving" of windfall tax extortion than Big Oil. The point is that what constitutes an abnormal profit is entirely arbitrary. It is in the eye of the political beholder, who is usually looking to soak some unpopular business. In other words, a windfall is nothing more than a profit earned by a business that some politician dislikes. And a tax on that profit is merely a form of politically motivated expropriation.

It's what politicians do in Venezuela, not in a free country."

Reaper16
08-05-2008, 01:36 PM
From the Silok thread:
Thanks. Obama's tax does seem superfluous after reading that.

***SPRAYER
08-05-2008, 01:40 PM
http://www.moonbattery.com/ExxonMobile_profits.jpg