Monday, September 8, 2008

Huntsman is an Idiot

Nothing to do with this post really, other than he was stupid enough to repeat the "Alaska is close to Russia = Foreign Policy Experience" meme, making us look like a state of dupes for electing him. But anyway, I liked this simplifed description - with informative links - of why McCain would take us nowhere good (which explains Huntsman's endorsement) and why Utahn's, again, will vote against their own economic interests and values just looking for the "R" on the ballots.

- Corporate Tax Cut: A major aspect of McCain’s economic plan - Jobs for America - is a cut in the corporate tax rate from 35% to 25%. McCain claims this will help businesses grow and create jobs, but as the Wonk Room has previously noted, a cut in the corporate rate would do nothing for job creation. The Congressional Budget Office has said that cutting the corporate rate “does not create an incentive for [corporations] to spend more on labor” and “is not a particularly cost-effective method of stimulating business spending.” Meanwhile, the U.S. already brings in below average corporate tax revenue due to “the tax loopholes, shelters, and giveaways that minimize, or completely eliminate corporate taxes.” Simply put, the cut means that corporations will pay less taxes, with no incentive to pass those savings on to anyone else.

- Drill, Drill, Drill: During the Republican National Convention last week in St. Paul, the crowd broke into chants of “drill, baby, drill.” McCain, in what he called “a capitulation to the oil companies,” has already flipped on lifting the federal moratorium on offshore drilling, which he once opposed. And while McCain has not come out in favor of drilling for oil in the Arctic National Wildlife Refuge, his running mate, Gov. Sarah Palin (R-AK), favors drilling in ANWR, and said she would “beg to disagree with any candidate who would say we can’t drill our way out of our problem.” All this, despite the Energy Information Administration’s assessment that drilling “would not have a significant impact on domestic crude oil and natural gas production or prices before 2030.”


1 comment:

  1. Calling Huntsman an idiot? You just pissed off a boatload of idiots. What I have heard from good sources, is that the most dangerous place in Utah, is anywhere between a camera and Jon Huntsman jr.