Obama care-day 1

DOGS THAT BARK

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--and TU here is article I promised-lenthy--make sure you read it all--Here is the jist of it.
http://www.reflectionsebi.org/index...ue&section=02_politics&item=01_politics.xhtml

Why blacks vote Democrat
By Ellis Washington

ewash3.gif
ewashington09.jpg


"In American politics, there is an existential tribal mentality that keeps black people on the Democratic plantation even to their own destruction. It is irrational."

The Metaphor: Detroit
Detroit?the city of my birth and where I currently reside? can be used as a paradigm of the apocalyptic disaster of black people voting for 75 years against their own vested interests. Since the 1967 riots, Detroit has steadily devolved from a cosmopolitan, dynamic city representing people of all political, intellectual, racial and ethnic groups?a city which in 1900 was called ?the Paris of America??into a balkanized, racially gentrified and intellectually monolithic city of liberal Democrats, unionism and corruption.
These patterns have been replicated in big cities across America where large concentrations of black people tend to live. Beginning in the 1960s, black people voted only for blacks and thus victimized themselves with mercenary and dishonest black leadership from the mayor to lower leadership ranks. This drove out the white middle and upper classes (with their tax dollars) and, in a few decades, turned many of these once great cities into America?s largest ghettos: Detroit is among the most preeminent of these cities of infamy.
The Choice: Independence vs. welfare state?
Liberalism is a politics of poverty, envy and despair. Liberals often attack people like Mr. Thomas, former Secretary of State Condoleezza Rice, Dr. Walter Williams, Thomas Sowell and other black conservatives because they aren?t considered ?authentic blacks.? As Harvard Law School Professor Lani Guinier famously wrote against Mr. Thomas in a 1991 article in the Michigan Law Review, "Black representatives are authentic" when they are "politically, psychologically, and culturally black."
In the eyes of liberal academics, black conservatives "made it" without acknowledging the aid of white liberal paternalism and their omnipresent civil rights and affirmative action programs. Their independence is the reason these black conservatives are reviled.
So why do black people always vote for the Democratic Party? Because for the past 75 years since the socialist FDR came to power, socially and culturally blacks have been indoctrinated to follow, follow, follow. From antiquity, they followed the African tribal chief and the shaman. During slavery, we followed ?masser? and the overseer and did what we were told. The next 100 years after 1865 and the Civil War during de jure and de facto segregation, we followed poverty-pimp preachers and civil rights activists (not Martin Luther King) who told us that by voting Democrat, God would bless black people through government handouts, a minimum wage and good government jobs.
But welfare and government programs have destroyed the black family. Today, we proudly follow our first black president, Barack Obama, despite the fact that this president has done more harm to America in his first year than any other U.S. president in history.

--

 

Trampled Underfoot

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--and TU here is article I promised-lenthy--make sure you read it all--Here is the jist of it.
http://www.reflectionsebi.org/index...ue&section=02_politics&item=01_politics.xhtml

Why blacks vote Democrat
By Ellis Washington

ewash3.gif
ewashington09.jpg


"In American politics, there is an existential tribal mentality that keeps black people on the Democratic plantation even to their own destruction. It is irrational."

The Metaphor: Detroit
Detroit?the city of my birth and where I currently reside? can be used as a paradigm of the apocalyptic disaster of black people voting for 75 years against their own vested interests. Since the 1967 riots, Detroit has steadily devolved from a cosmopolitan, dynamic city representing people of all political, intellectual, racial and ethnic groups?a city which in 1900 was called ?the Paris of America??into a balkanized, racially gentrified and intellectually monolithic city of liberal Democrats, unionism and corruption.
These patterns have been replicated in big cities across America where large concentrations of black people tend to live. Beginning in the 1960s, black people voted only for blacks and thus victimized themselves with mercenary and dishonest black leadership from the mayor to lower leadership ranks. This drove out the white middle and upper classes (with their tax dollars) and, in a few decades, turned many of these once great cities into America?s largest ghettos: Detroit is among the most preeminent of these cities of infamy.
The Choice: Independence vs. welfare state?
Liberalism is a politics of poverty, envy and despair. Liberals often attack people like Mr. Thomas, former Secretary of State Condoleezza Rice, Dr. Walter Williams, Thomas Sowell and other black conservatives because they aren?t considered ?authentic blacks.? As Harvard Law School Professor Lani Guinier famously wrote against Mr. Thomas in a 1991 article in the Michigan Law Review, "Black representatives are authentic" when they are "politically, psychologically, and culturally black."
In the eyes of liberal academics, black conservatives "made it" without acknowledging the aid of white liberal paternalism and their omnipresent civil rights and affirmative action programs. Their independence is the reason these black conservatives are reviled.
So why do black people always vote for the Democratic Party? Because for the past 75 years since the socialist FDR came to power, socially and culturally blacks have been indoctrinated to follow, follow, follow. From antiquity, they followed the African tribal chief and the shaman. During slavery, we followed ?masser? and the overseer and did what we were told. The next 100 years after 1865 and the Civil War during de jure and de facto segregation, we followed poverty-pimp preachers and civil rights activists (not Martin Luther King) who told us that by voting Democrat, God would bless black people through government handouts, a minimum wage and good government jobs.
But welfare and government programs have destroyed the black family. Today, we proudly follow our first black president, Barack Obama, despite the fact that this president has done more harm to America in his first year than any other U.S. president in history.

--


So you dig up an article by a Black conservative? Since when do you give a fuck what Blacks have to say?
 

kcwolf

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CORPORATE AMERICA SQUEALING AT WELFARE CUTS

The Republican Party and major corporations have joined forces in the first major rearguard attack on health care reform, charging that the cost of complying with "Obamacare" is resulting in hundreds of millions of dollars in added business expenses.

The crime that reform is guilty of: Slashing corporate welfare.

Under the previous system, major corporations were subsidized by the government to provide prescription drug coverage to their retired employees. At the same time, corporations could claim on their tax returns that it was they -- not the taxpayers -- who paid for the drug coverage, and could write the expense off as a tax deduction.

Health care reform cuts out that fat. The corporations still get taxpayer money to help pay for their drug coverage, but they can no longer continue the fiction that they're using their own money to do it.

Being forced to operate on a diet of leaner corporate welfare benefits will make U.S. companies less able to compete, Republicans argue. Removing the benefit will also force large corporations to compete on a level -- or at least closer to level -- playing field with small businesses, who don't get the subsidy. The charge-offs play into the line that Republicans are pushing -- namely that health care reform is a "job killer."

So far, Boeing, AT&T, AK Steel, 3M, Caterpillar, Deere, Prudential and Valero Energy have all said that reform is forcing them to take significant charge-offs on their balance sheet. The welfare cuts don't go into effect for several years, but accounting rules require the reduction to be taken in the year the law is passed.

"A jobs narrative is emerging in the wake of the CAT, John Deere, Verizon (and many other) announcements as it is becoming clear that the health care bill is having an immediate and negative effect on the economy," said Ken Spain, spokesman for the National Republican Congressional Committee. "In short, the bill is a job-killer."

Story continues below The NRCC is hitting Democrats in their home districts with each announcement. Four Illinois companies, including Illinois Tool Works, took significant losses "thanks to Democrats like Bill Foster and Debbie Halvorson, who supported the government takeover of healthcare," reads one standard GOP press release.

Democrats are pushing back, demanding that the companies come to Congress to explain their announcements. Energy and Commerce Committee Chairman Henry Waxman (D-Calif.), and Rep. Bart Stupak (D-Mich.), chair of the oversight subcommittee, wrote to AT&T. "The new law is designed to expand coverage and bring down costs, so your assertions are a matter of concern," they wrote.

The Chamber of Commerce shot right back. Thomas Donohue, the organization's president and chief executive, said that Democrats are trying to shift the blame.

"They are searching for a way to blame these businesses for a mess that the lawmakers themselves have made," he wrote in a letter to board members.

But the underlying issue seems fairly simple: Corporate welfare is being cut to help fund an expansion of health care coverage.

UPDATE: The welfare in question originated with the 2003 prescription drug bill signed into law by President Bush after it passed a GOP-controlled Congress in the early morning, following a three-hour vote that was held open while leaders hunted down vote-switchers.

The program entitled corporations to a government subsidy covering 28 percent of the prescription drug benefit for their retirees. The companies were not required to count the taxpayer money as income. (Unemployment benefits, meanwhile, are taxed as income.) Companies were also allowed to claim the entire cost of the benefit as a write-off, even the part paid for by the government.

It's an unusually generous entitlement. When corporations get subsidies for research or for hiring new workers, for instance, they can't write-off the subsidy as if they were spending their own money.

The entitlement isn't removed until 2013.

Wall Street analysts say that the eye-popping charge-offs that are being reported are more smoke than fire. "Don't overreact to the hit to earnings," David Zion, a research analyst for Credit Suisse, said in a note to investors.

The size of the accounting reductions being announced is so large, analysts said, because they project out the benefit from the current subsidy for 30 years, rising with health care's current inflation rate, and then crams it all back into a one-quarter loss. First quarter profits will be reduced, but there will be no long-term impact on the companies' financial health, the AP reported.

AT&T's charge-off was reported as a billion dollars, but the actual cost of revoking the subsidy for one year will be $40 million, according to background information provided by the White House.

A White House aide also said that AT&T CEO Randall Stephenson and Larry Summers spoke Wednesday about the charge-off. Stephenson told Summers that AT&T's hit could represent as much as ten percent of the entire impact of the cut in corporate welfare, because the company has so many retirees.

The day of the announcement, AT&T's stock price rose slightly.

There you go DTB, thought you were bright enough to not post that garbage.
 

DOGS THAT BARK

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So you dig up an article by a Black conservative? Since when do you give a fuck what Blacks have to say?
Really didn't make any diff who he is other than it cuts you off on the get a rope/racist cop outs.

It what he says--if your going to argue the point you need to tell us why black illigitacy-crime-and welfare has increased since the 70's .

Ya I know--end of story-again.
 

DOGS THAT BARK

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Exactly which one did you read it at--
<LI class=g>Big Business, GOP Complain That Health Reform Slashes Corporate ...

Mar 31, 2010 ... BIG NEWS: Financial Crisis; |; Bank Of America; |; Careers; |; The Fed ... The welfare cuts don't go into effect for several years, .... Rethugs and their squealing troIIp!ggies just love to use the term "WeIfareQueen. ...
<CITE>www.huffingtonpost.com/.../corporate-america-squeals_n_519976.html - 3 hours ago</CITE>
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<LI class=g>Corporate America Squealing at Welfare Cuts - Blogged

Mar 31, 2010 ... Corporate America Squealing at Welfare Cuts The Republican Party and major corporations have joined forces in the first major rearguard ...
<CITE>www.blogged.com/.../corporate-america-squealing-at-welfare-cuts - 2 hours ago</CITE>
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<LI class=g>Corporate America Squealing At Welfare Cuts - US Message Board ...

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Big Business, GOP Complain That Health Reform Slashes Corporate Welfare The Republican Party and major corporations have joined forces in the first major ...
<CITE>www.usmessageboard.com/.../111687-corporate-america-squealing-at-<WBR>welfare-cuts.html - 2 hours ago</CITE>
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Please RT --> Corporate America Squeals About Welfare Cuts http://huff.to/d00Hfz<WBR>.
<CITE>tweetmeme.com/.../corporate-america-squeals-about-welfare-cuts - 2 hours ago</CITE>
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<LI class=g>Corporate America Squeals About Welfare Cuts : One Penny Sheet

Mar 31, 2010 ... News, Information, Opinion and Snark from a Progressive point of view.
<CITE>www.onepennysheet.com/.../corporate-america-squeals-about-welfare-cuts/ - 3 hours ago</CITE>
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<LI class=g>Corporate America Squeals About Welfare Cuts - Worldnews.com

Mar 31, 2010 ... The Republican Party and major corporations have joined forces in the first major rearguard attack on health care reform, charging that the ...
<CITE>article.wn.com/.../Corporate_America_Squeals_About_Welfare_Cuts/ - 3 hours ago</CITE>
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<LI class=g>CORPORATE AMERICA SQUEALING AT CUTS TO THEIR WELFARE - soc ...

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CORPORATE AMERICA SQUEALING AT CUTS TO THEIR WELFARE. Options ... The crime that reform is guilty of: Slashing corporate welfare. ...
<CITE>groups.google.com/group/soc.../browse.../2e40650b34653e72 - 2 hours ago</CITE>
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<LI class=g>Who dugg: CORPORATE AMERICA SQUEALING AT WELFARE CUTS

CORPORATE AMERICA SQUEALING AT WELFARE CUTS ? funmashala.blogspot.com ? CORPORATE AMERICA SQUEALING. email this story ? share this story on facebook ...
<CITE>digg.com/.../CORPORATE_AMERICA_SQUEALING_AT_WELFARE_<WBR>CUTS/who - 2 hours ago</CITE>
<LI class=g><CITE>=======================</CITE>

Be that what it may --about me not being smart enough--as I said before

You and your Huffers are squeelling about tax breaks to corps that employ millions and pay billions it taxes--in this case part payment for their retirees rx

--but you want the gov tit for yourselves and your parasitic base that contibute zero to society.

Thats where we differ--I'm for giving any break possible to those that produce jobs and tax revenue--and against the freeloaders--and appears your just the opposite.

Out of curiousity--Are you employed--if so where?
 

Trampled Underfoot

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Really didn't make any diff who he is other than it cuts you off on the get a rope/racist cop outs.

It what he says--if your going to argue the point you need to tell us why black illigitacy-crime-and welfare has increased since the 70's .

Ya I know--end of story-again.

You sure showed us. Good job. :mj07:
 

kcwolf

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Boeing Complains About Losing Health Care Tax Break Despite Being One Of Least Taxed Big Corporations

Since the Affordable Care Act passed last week, some of the country?s largest companies have complained about a provision that preserves a federal subsidy they receive for providing retirees with prescription drug coverage, but prevents them from deducting the subsidy from their taxes. Republicans and right-wing media have latched on, claiming health care reform is going to hurt American businesses.

Today, Boeing Co. is the latest corporation to complain, announcing that it expects to take a $150 million tax hit because of the new law:

?Boeing will no longer be able to claim an income tax deduction related to prescription drug benefits provided to retirees and reimbursed under the Medicare Part D retiree drug subsidy,? the company stated in a release. ?Although this tax increase does not take effect until 2013, accounting standards require that a deferred income tax asset be written down in the period legislation changing the tax law was enacted.?

An association representing 300 of the largest U.S. corporations is pushing for a repeal of the provision that ends the tax break on the government subsidy, something the Wonk Room?s Igor Volsky called ?the worst kind? of taxpayer waste and ?the most egregious form of corporate welfare.? These companies will still receive their subsidy, but they?ll no longer be able to take the tax deduction as well (so-called ?double dipping?).

But Boeing?s complaint further rings hollow because the industry giant is among the largest U.S. companies that pay the least in corporate taxes. Conservatives complain about the high 35 percent U.S. corporate tax rate, but because of corporate welfare such as the prescription drug deduction, Boeing?s tax rate was just 3.2 percent averaged over the last 4 years and just 0.7 percent averaged from 2002 to 2007. And Boeing?s three-year effective tax rate from 2001-2003 was -18.8 percent.

But also, according to Boeing?s 2009 annual report, the company paid no federal income tax in 2009 and actually received $132 million back from the IRS. And in 2008, Boeing paid just $44 million in federal income taxes while netting $2.7 billion in earnings that year.

Therefore, it?s difficult to take Boeing?s whining seriously. After all, if they had any complaints, they could have aired them back in September when the Senate Finance Committee inserted the provision to end the tax break in the health care reform bill. And even then, the measure won approval from many business interests, with the chairman of Business Roundtable saying ?it?s very closely aligned to [our] principles.?
 

DOGS THAT BARK

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KC/TU I'm trying to get a little perspective on the mind set of Da Base here.
I've asked both of you about your employement and if your covered under ins--but all I get is- silence of the lambs.
 

DOGS THAT BARK

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Boeing Complains About Losing Health Care Tax Break Despite Being One Of Least Taxed Big Corporations

Since the Affordable Care Act passed last week, some of the country?s largest companies have complained about a provision that preserves a federal subsidy they receive for providing retirees with prescription drug coverage, but prevents them from deducting the subsidy from their taxes. Republicans and right-wing media have latched on, claiming health care reform is going to hurt American businesses.

Today, Boeing Co. is the latest corporation to complain, announcing that it expects to take a $150 million tax hit because of the new law:

?Boeing will no longer be able to claim an income tax deduction related to prescription drug benefits provided to retirees and reimbursed under the Medicare Part D retiree drug subsidy,? the company stated in a release. ?Although this tax increase does not take effect until 2013, accounting standards require that a deferred income tax asset be written down in the period legislation changing the tax law was enacted.?

An association representing 300 of the largest U.S. corporations is pushing for a repeal of the provision that ends the tax break on the government subsidy, something the Wonk Room?s Igor Volsky called ?the worst kind? of taxpayer waste and ?the most egregious form of corporate welfare.? These companies will still receive their subsidy, but they?ll no longer be able to take the tax deduction as well (so-called ?double dipping?).

But Boeing?s complaint further rings hollow because the industry giant is among the largest U.S. companies that pay the least in corporate taxes. Conservatives complain about the high 35 percent U.S. corporate tax rate, but because of corporate welfare such as the prescription drug deduction, Boeing?s tax rate was just 3.2 percent averaged over the last 4 years and just 0.7 percent averaged from 2002 to 2007. And Boeing?s three-year effective tax rate from 2001-2003 was -18.8 percent.

But also, according to Boeing?s 2009 annual report, the company paid no federal income tax in 2009 and actually received $132 million back from the IRS. And in 2008, Boeing paid just $44 million in federal income taxes while netting $2.7 billion in earnings that year.

Therefore, it?s difficult to take Boeing?s whining seriously. After all, if they had any complaints, they could have aired them back in September when the Senate Finance Committee inserted the provision to end the tax break in the health care reform bill. And even then, the measure won approval from many business interests, with the chairman of Business Roundtable saying ?it?s very closely aligned to [our] principles.?

I see we got you away from huffers today and over at Think Progress--top 3 on search


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Today, Boeing Co. is the latest corporation to complain, announcing that it expects to take a $150 million tax hit because of the new law: ?Boeing will no ...
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===========================
You really need to broaden your horizon--If you do you might ask yourself why they pay no tax at particular times--you think profit and loss may have something to do with it DUH
<TABLE border=0 cellSpacing=0 cellPadding=2 width="100%"><TBODY><TR><TD class=yfnc_modtitle1 colSpan=2><SMALL>PERIOD ENDING</SMALL></TD><TD class=yfnc_modtitle1 align=right>31-Dec-09</TD><TD class=yfnc_modtitle1 align=right>31-Dec-08</TD><TD class=yfnc_modtitle1 align=right>31-Dec-07</TD></TR></TBODY></TABLE>
<TABLE border=0 cellSpacing=0 cellPadding=2 width="100%"><TBODY><TR><TD class=yfnc_d colSpan=5>Assets</TD></TR><TR><TD colSpan=5>Current Assets</TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Cash And Cash Equivalents</TD><TD align=right>9,215,000 </TD><TD align=right>3,268,000 </TD><TD align=right>7,042,000 </TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Short Term Investments</TD><TD align=right>2,008,000 </TD><TD align=right>436,000 </TD><TD align=right>2,266,000 </TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Net Receivables</TD><TD align=right>7,119,000 </TD><TD align=right>6,648,000 </TD><TD align=right>8,409,000 </TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Inventory</TD><TD align=right>16,933,000 </TD><TD align=right>15,612,000 </TD><TD align=right>9,563,000 </TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Other Current Assets</TD><TD align=right>- </TD><TD align=right>- </TD><TD align=right>- </TD></TR><TR><TD bgColor=#333333 height=1 colSpan=5><SPACER height="1" width="5" type="block" /></TD></TR><TR><TD colSpan=2>Total Current Assets</TD><TD align=right>35,275,000 </TD><TD align=right>25,964,000 </TD><TD align=right>27,280,000 </TD></TR><TR><TD colSpan=2>Long Term Investments</TD><TD align=right>6,496,000 </TD><TD align=right>7,185,000 </TD><TD align=right>10,888,000 </TD></TR><TR><TD colSpan=2>Property Plant and Equipment</TD><TD align=right>8,784,000 </TD><TD align=right>8,762,000 </TD><TD align=right>8,265,000 </TD></TR><TR><TD colSpan=2>Goodwill</TD><TD align=right>4,319,000 </TD><TD align=right>3,647,000 </TD><TD align=right>3,081,000 </TD></TR><TR><TD colSpan=2>Intangible Assets</TD><TD align=right>2,877,000 </TD><TD align=right>2,685,000 </TD><TD align=right>2,093,000 </TD></TR><TR><TD colSpan=2>Accumulated Amortization</TD><TD align=right>- </TD><TD align=right>- </TD><TD align=right>- </TD></TR><TR><TD colSpan=2>Other Assets</TD><TD align=right>1,240,000 </TD><TD align=right>1,422,000 </TD><TD align=right>7,182,000 </TD></TR><TR><TD colSpan=2>Deferred Long Term Asset Charges</TD><TD align=right>3,062,000 </TD><TD align=right>4,114,000 </TD><TD align=right>197,000 </TD></TR><TR><TD bgColor=#333333 height=1 colSpan=5><SPACER height="1" width="5" type="block" /></TD></TR><TR><TD colSpan=2>Total Assets</TD><TD align=right>62,053,000 </TD><TD align=right>53,779,000 </TD><TD align=right>58,986,000 </TD></TR><TR><TD height=10 colSpan=5><SPACER height="10" width="5" type="block" /></TD></TR><TR><TD class=yfnc_d colSpan=5>Liabilities</TD></TR><TR><TD colSpan=5>Current Liabilities</TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Accounts Payable</TD><TD align=right>32,176,000 </TD><TD align=right>23,128,000 </TD><TD align=right>30,776,000 </TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Short/Current Long Term Debt</TD><TD align=right>707,000 </TD><TD align=right>560,000 </TD><TD align=right>762,000 </TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Other Current Liabilities</TD><TD align=right>- </TD><TD align=right>7,237,000 </TD><TD align=right>- </TD></TR><TR><TD bgColor=#333333 height=1 colSpan=5><SPACER height="1" width="5" type="block" /></TD></TR><TR><TD colSpan=2>Total Current Liabilities</TD><TD align=right>32,883,000 </TD><TD align=right>30,925,000 </TD><TD align=right>31,538,000 </TD></TR><TR><TD colSpan=2>Long Term Debt</TD><TD align=right>12,217,000 </TD><TD align=right>6,952,000 </TD><TD align=right>7,455,000 </TD></TR><TR><TD colSpan=2>Other Liabilities</TD><TD align=right>14,728,000 </TD><TD align=right>17,196,000 </TD><TD align=right>9,799,000 </TD></TR><TR><TD colSpan=2>Deferred Long Term Liability Charges</TD><TD align=right>- </TD><TD align=right>- </TD><TD align=right>1,190,000 </TD></TR><TR><TD colSpan=2>Minority Interest</TD><TD align=right>97,000 </TD><TD align=right>- </TD><TD align=right>- </TD></TR><TR><TD colSpan=2>Negative Goodwill</TD><TD align=right>- </TD><TD align=right>- </TD><TD align=right>- </TD></TR><TR><TD bgColor=#333333 height=1 colSpan=5><SPACER height="1" width="5" type="block" /></TD></TR><TR><TD colSpan=2>Total Liabilities</TD><TD align=right>59,925,000 </TD><TD align=right>55,073,000 </TD><TD align=right>49,982,000 </TD></TR></TBODY></TABLE>
+++++++++++++++++++++++++++

Chicago, Jan 29 (Xinhua) Boeing Co lost $56 million or eight cents per share in the fourth quarter, the company announced Wednesday.The revenues for the quarter declined by 27 percent to $12.7 billion as a result of the worker?s strike that reduced commercial airplane deliveries by approximately 70 units and revenues by about $4.3 billion, the company said in its financial report released here.
In 2008, Boeing?s net income fell by 34 percent to $2.7 billion and earnings per share was $3.71. The revenue fell eight percent to $60.9 billion

+++++++++++++++++++++++++
get on your Huffers/Thing progress hotline
--give em the ole--dancing liberal salute and dig us out some more gems-- showing how big bad job producing business and their employees --should be penalized--so your base of slackers can get some more free bees.

--and make sure you let Gumby know when they lose money they lose jobs--

Boeing to lay off 10,000 this year

Company to cut 5,500 more; loses order for 15 787s

By JAMES WALLACE
P-I AEROSPACE REPORTER
The sky has not fallen for aerospace giant Boeing, but it has gotten darker.




The Boeing Co. is facing "one of the most difficult commercial and financial environments that most of us have ever seen," Chairman and Chief Executive Jim McNerney said in a conference call Wednesday as Boeing reported a huge fourth-quarter loss because of the Machinists strike last year and a significant charge related to the delayed 747-8 program.
Among the sobering details:​

McNerney said Boeing will cut about 10,000 jobs, or about 6 percent of its work force, this year because of the global recession and industry downturn. That's up from the 4,500 commercial job losses in the Puget Sound area in 2009 that Boeing announced earlier in the year. The additional 5,500 job cuts, to come mostly through layoffs and attrition, will be across the company, including Washington state, where nearly half of Boeing's 162,000 employees worked at the end of last year.​

 

MadJack

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I see we got you away from huffers today and over at Think Progress--top 3 on search


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<TD style="PADDING-TOP: 3px" vAlign=top>Boeing Complains About Losing Health Care Tax Break Despite Being ...‎ - <NOBR>16 hours ago</NOBR>
Today, Boeing Co. is the latest corporation to complain, announcing that it expects to take a $150 million tax hit because of the new law: ?Boeing will no ...
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===========================
You really need to broaden your horizon--If you do you might ask yourself why they pay no tax at particular times--you think profit and loss may have something to do with it DUH
<TABLE border=0 cellSpacing=0 cellPadding=2 width="100%"><TBODY><TR><TD class=yfnc_modtitle1 colSpan=2><SMALL>PERIOD ENDING</SMALL></TD><TD class=yfnc_modtitle1 align=right>31-Dec-09</TD><TD class=yfnc_modtitle1 align=right>31-Dec-08</TD><TD class=yfnc_modtitle1 align=right>31-Dec-07</TD></TR></TBODY></TABLE>
<TABLE border=0 cellSpacing=0 cellPadding=2 width="100%"><TBODY><TR><TD class=yfnc_d colSpan=5>Assets</TD></TR><TR><TD colSpan=5>Current Assets</TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Cash And Cash Equivalents</TD><TD align=right>9,215,000 </TD><TD align=right>3,268,000 </TD><TD align=right>7,042,000 </TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Short Term Investments</TD><TD align=right>2,008,000 </TD><TD align=right>436,000 </TD><TD align=right>2,266,000 </TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Net Receivables</TD><TD align=right>7,119,000 </TD><TD align=right>6,648,000 </TD><TD align=right>8,409,000 </TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Inventory</TD><TD align=right>16,933,000 </TD><TD align=right>15,612,000 </TD><TD align=right>9,563,000 </TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Other Current Assets</TD><TD align=right>- </TD><TD align=right>- </TD><TD align=right>- </TD></TR><TR><TD bgColor=#333333 height=1 colSpan=5><SPACER height="1" width="5" type="block" /></TD></TR><TR><TD colSpan=2>Total Current Assets</TD><TD align=right>35,275,000 </TD><TD align=right>25,964,000 </TD><TD align=right>27,280,000 </TD></TR><TR><TD colSpan=2>Long Term Investments</TD><TD align=right>6,496,000 </TD><TD align=right>7,185,000 </TD><TD align=right>10,888,000 </TD></TR><TR><TD colSpan=2>Property Plant and Equipment</TD><TD align=right>8,784,000 </TD><TD align=right>8,762,000 </TD><TD align=right>8,265,000 </TD></TR><TR><TD colSpan=2>Goodwill</TD><TD align=right>4,319,000 </TD><TD align=right>3,647,000 </TD><TD align=right>3,081,000 </TD></TR><TR><TD colSpan=2>Intangible Assets</TD><TD align=right>2,877,000 </TD><TD align=right>2,685,000 </TD><TD align=right>2,093,000 </TD></TR><TR><TD colSpan=2>Accumulated Amortization</TD><TD align=right>- </TD><TD align=right>- </TD><TD align=right>- </TD></TR><TR><TD colSpan=2>Other Assets</TD><TD align=right>1,240,000 </TD><TD align=right>1,422,000 </TD><TD align=right>7,182,000 </TD></TR><TR><TD colSpan=2>Deferred Long Term Asset Charges</TD><TD align=right>3,062,000 </TD><TD align=right>4,114,000 </TD><TD align=right>197,000 </TD></TR><TR><TD bgColor=#333333 height=1 colSpan=5><SPACER height="1" width="5" type="block" /></TD></TR><TR><TD colSpan=2>Total Assets</TD><TD align=right>62,053,000 </TD><TD align=right>53,779,000 </TD><TD align=right>58,986,000 </TD></TR><TR><TD height=10 colSpan=5><SPACER height="10" width="5" type="block" /></TD></TR><TR><TD class=yfnc_d colSpan=5>Liabilities</TD></TR><TR><TD colSpan=5>Current Liabilities</TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Accounts Payable</TD><TD align=right>32,176,000 </TD><TD align=right>23,128,000 </TD><TD align=right>30,776,000 </TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Short/Current Long Term Debt</TD><TD align=right>707,000 </TD><TD align=right>560,000 </TD><TD align=right>762,000 </TD></TR><TR><TD class=yfnc_tabledata1 width=30><SPACER height="1" width="30" type="block" /></TD><TD>Other Current Liabilities</TD><TD align=right>- </TD><TD align=right>7,237,000 </TD><TD align=right>- </TD></TR><TR><TD bgColor=#333333 height=1 colSpan=5><SPACER height="1" width="5" type="block" /></TD></TR><TR><TD colSpan=2>Total Current Liabilities</TD><TD align=right>32,883,000 </TD><TD align=right>30,925,000 </TD><TD align=right>31,538,000 </TD></TR><TR><TD colSpan=2>Long Term Debt</TD><TD align=right>12,217,000 </TD><TD align=right>6,952,000 </TD><TD align=right>7,455,000 </TD></TR><TR><TD colSpan=2>Other Liabilities</TD><TD align=right>14,728,000 </TD><TD align=right>17,196,000 </TD><TD align=right>9,799,000 </TD></TR><TR><TD colSpan=2>Deferred Long Term Liability Charges</TD><TD align=right>- </TD><TD align=right>- </TD><TD align=right>1,190,000 </TD></TR><TR><TD colSpan=2>Minority Interest</TD><TD align=right>97,000 </TD><TD align=right>- </TD><TD align=right>- </TD></TR><TR><TD colSpan=2>Negative Goodwill</TD><TD align=right>- </TD><TD align=right>- </TD><TD align=right>- </TD></TR><TR><TD bgColor=#333333 height=1 colSpan=5><SPACER height="1" width="5" type="block" /></TD></TR><TR><TD colSpan=2>Total Liabilities</TD><TD align=right>59,925,000 </TD><TD align=right>55,073,000 </TD><TD align=right>49,982,000 </TD></TR></TBODY></TABLE>
+++++++++++++++++++++++++++

Chicago, Jan 29 (Xinhua) Boeing Co lost $56 million or eight cents per share in the fourth quarter, the company announced Wednesday.The revenues for the quarter declined by 27 percent to $12.7 billion as a result of the worker?s strike that reduced commercial airplane deliveries by approximately 70 units and revenues by about $4.3 billion, the company said in its financial report released here.
In 2008, Boeing?s net income fell by 34 percent to $2.7 billion and earnings per share was $3.71. The revenue fell eight percent to $60.9 billion

+++++++++++++++++++++++++
get on your Huffers/Thing progress hotline
--give em the ole--dancing liberal salute and dig us out some more gems-- showing how big bad job producing business and their employees --should be penalized--so your base of slackers can get some more free bees.

--and make sure you let Gumby know when they lose money they lose jobs--

Boeing to lay off 10,000 this year

Company to cut 5,500 more; loses order for 15 787s

By JAMES WALLACE
P-I AEROSPACE REPORTER
The sky has not fallen for aerospace giant Boeing, but it has gotten darker.




The Boeing Co. is facing "one of the most difficult commercial and financial environments that most of us have ever seen," Chairman and Chief Executive Jim McNerney said in a conference call Wednesday as Boeing reported a huge fourth-quarter loss because of the Machinists strike last year and a significant charge related to the delayed 747-8 program.
Among the sobering details:​

McNerney said Boeing will cut about 10,000 jobs, or about 6 percent of its work force, this year because of the global recession and industry downturn. That's up from the 4,500 commercial job losses in the Puget Sound area in 2009 that Boeing announced earlier in the year. The additional 5,500 job cuts, to come mostly through layoffs and attrition, will be across the company, including Washington state, where nearly half of Boeing's 162,000 employees worked at the end of last year.​


I'm not up on this stuff so excuse my ignorance.

DTB, are you saying that us tax payers should be paying for this supposed 150 million dollar "tax hit"?

You sound mad too :shrug:
 

Trampled Underfoot

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KC/TU I'm trying to get a little perspective on the mind set of Da Base here.
I've asked both of you about your employement and if your covered under ins--but all I get is- silence of the lambs.

Where did you ask me about my employment and insurance?

I have insurance but what the hell does that matter? I would love to see what kind of point you are trying to make.
 

Lumi

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In the shadows
Paul Krugman Admits Death Panels Exist

Paul Krugman Admits Death Panels Exist

Paul Krugman Admits Death Panels Exist

Now that Obamacare is law of the land, Dems and their supporters admit what we knew all along.




<object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/aogCaGv9i78&color1=0x2b405b&color2=0x6b8ab6&hl=en_US&feature=player_embedded&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><embed src="http://www.youtube.com/v/aogCaGv9i78&color1=0x2b405b&color2=0x6b8ab6&hl=en_US&feature=player_embedded&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="385"></embed></object>
 

DOGS THAT BARK

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I'm not up on this stuff so excuse my ignorance.

DTB, are you saying that us tax payers should be paying for this supposed 150 million dollar "tax hit"?

You sound mad too :shrug:

Could you point me to the 150million your talking about? Is it the money they were entitled to deduct but O has now closed what he called the loop hole--or was it something they refused to pay?
 

MadJack

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Could you point me to the 150million your talking about? Is it the money they were entitled to deduct but O has now closed what he called the loop hole--or was it something they refused to pay?

Yeah, why should the tax payers pay them the expenses and then they take the tax credit on top of it :shrug:

Kinda like the welfare people getting a tax refund for all the food stamps and health care they receive. Same exact thing.

Today, Boeing Co. is the latest corporation to complain, announcing that it expects to take a $150 million tax hit because of the new law:

?Boeing will no longer be able to claim an income tax deduction related to prescription drug benefits provided to retirees and reimbursed under the Medicare Part D retiree drug subsidy,? the company stated in a release. ?Although this tax increase does not take effect until 2013, accounting standards require that a deferred income tax asset be written down in the period legislation changing the tax law was enacted.?
 

DOGS THAT BARK

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NEW YORK (AP) -- The corporate tax impact of the recent health care overhaul grew Thursday as Verizon Communications Inc. announced it will record a related $970 million non-cash charge in the first quarter.
<!-- Article Related Media -->So far at least 15 companies have disclosed about $2.8 billion in charges prompted by the health care overhaul. Verizon's charge is the second-largest after AT&T, which last week announced a $1 billion charge related to the tax bill.


Verizon and other companies currently receive a government subsidy to keep prescription drug benefits for retirees. They've been able to deduct all of their expenses, but that ends in 2013 under the recently passed legislation.



Companies are announcing the charges now because accounting rules say they have to book them during the period a new law is enacted.
Verizon's announcement follows Wednesday's disclosures by <?XML:NAMESPACE PREFIX = YGG /><YGG:ENTITY id=t1 ref="#aJ_Pz3T73BGcQT93XWfsEA">Boeing</YGG:ENTITY> Co. and Lockheed Martin Corp. that they would record first-quarter charges of $150 million and $96 million, respectively, related to the health care legislation.
Other companies that recently announced charges include Ingersoll-Rand PLC and Goodrich Corp


Retirees :(

redistibuted to
30 million- illegals and "others" :00hour
 

Chadman

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So, to be clear, you are FOR taxpayers paying to fund corporations receiving a subsidy to pay for RETIRED employees to CONTINUE receiving prescription drug benefits? Is that what you are saying, Wayne?

You are ok paying out of your pocket to make sure that retired former employees of big businesses receive prescription drug benefits?
 

DOGS THAT BARK

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Yeah, why should the tax payers pay them the expenses and then they take the tax credit on top of it :shrug:

Kinda like the welfare people getting a tax refund for all the food stamps and health care they receive. Same exact thing.

Today, Boeing Co. is the latest corporation to complain, announcing that it expects to take a $150 million tax hit because of the new law:

?Boeing will no longer be able to claim an income tax deduction related to prescription drug benefits provided to retirees and reimbursed under the Medicare Part D retiree drug subsidy,? the company stated in a release. ?Although this tax increase does not take effect until 2013, accounting standards require that a deferred income tax asset be written down in the period legislation changing the tax law was enacted.?

Per above -do mean like people getting tax refunds when they pay no taxes--and the more illigitimate kids--the bigger the refund?

Sorry--But I really don't see a comparison--You got one entity that pays taxes--employes millions that pay more taxes--vs those that contribute 0 to society--but for sake of arguement--lets exploit the 10th amendment/states rights and both sides can live with the consequences.

We'll take all these nasty ole job producing corps and all their tax consequences good and bad on our backs.

--and the dems can have not only their sanctuary cities but they can now have sanctuary states--they can even give felons voting rights--oops- not necessary as they now have no ID requirement.They can vote all the entiltlement plans they want--they can expand gov to control 100%--They can tax and spend to their hearts content.

--however we now each have our own currency and budget backed by our respective populations.
++++++++++++++++++++++++++++

Would be a real eye opener-however doubt we ever see it --
as we now have the great uniter who will end partisanship- in charge :SIB
 
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