Sunday, September 18, 2011

Buffett Rule

The republican leader in the senate, Mitch McConnell, has already rejected the idea of increases in the amount of money millionaires and billionaires pay in taxes, the speech that President Obama is going to make tomorrow, that has been dubbed the Buffett Rule, which will deal directly with the huge deficit that our country faces has met republican opposition already. Bill Clinton supports the idea of the American Jobs Acts, simply because the plan will increase the GDP by 1.5 to 2% and adds at least 1.5 million jobs. Several ideas in the Presidents jobs act are ideas that the republican party has supported in the past, but the idea of handing this President a win situation as far as politics is concerned is out of the question for the tea party controlled republican party.There has been some attention from the right towards the failed Solyndra Company that received $550 billion from the energy department and the fact that President Obama selected that company to visit and tour and touted the company as one of the good investments of the green energy movement. The company did receive private investments, which has a it's own effect on how a company is classified when it comes to returns, private investors tend to receive returns early, in accordance with the federal laws that apply, and with the decrease in the price of silicon, a major compound in this companies product ,and the fact that the price of green energy has fallen is indicative of the green energies success, but this one company, one out of forty i might add, which when you do the numbers, is a better number then market numbers these days, Silicon valley is doing find, over all with the investment into green energy, our country is second only to China when it comes to green energy productions and deportations. There is one final point I'd like to bring up, the load given to the Solyndra by the Department Of Energy, was applied for during the Bush Administration and it went through the waiting process like every other company that applied for those loans

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