Thursday, October 14, 2010

Smearing and Taxing and Bashing, omg

We've had this smear by the administration of the Main St. Chamber of Commerce, with DCCC ads running that sound like an alien invasion--without a shred of evidence, while we're hemorrhaging jobs.

Fuel and food prices are on the way up. Oh, and the dismal EPA is goosing corn prices with their approval of higher ethanol levels in gas. Right before the election to pander to their silly greenie base:

A coalition of farm and food industry trade associations representing every step of the food chain from meat and poultry producers, restaurants, bakers to other food manufacturers today issued the following statement in response to the Environmental Protection Agency’s announcement that it would allow the sale of gasoline containing 15 percent ethanol (“E15”) for cars manufactured in the 2007 model year or later.

E15 – which would be a 50 percent increase from the currently permitted level of 10 percent ethanol in gasoline – will result in dramatic increases in the portion of the U.S. corn crop used to make fuel rather than food and, when fully implemented, could result in more than 40 percent of the nation’s corn crop being diverted to ethanol production. The corn ethanol industry has received over $30 billion in federal subsidies over the last three decades.

These farm and food industry groups criticized the decision, noting that it is certain to accelerate the recent dramatic rise in corn prices, and questioned whether the EPA decision is legally sound.

Have we ever had a more wasteful, destructive and dishonest administration? Now they're talking about a VAT tax.

And both sides, enough with the China bashing:

Democrats have been ringing similar gongs around the country as they struggle to find a theme, any theme, to save their majorities. This includes bashing U.S. companies that do business overseas, many of whom are among America's largest employers.

Yet the Business Roundtable reports that some 38 million U.S. jobs and roughly 30% of American GDP depend on imports and exports. "Outsourcing" is often a business requirement for U.S. companies to remain competitive, and research by Dartmouth economist Matthew Slaughter shows that companies that hire more workers abroad also hire more at home.

A currency war is the last thing we need with a country that holds a hellacious amount of our debt. As the WSJ points out, the last president to do that was Herbert Hoover. And we all know how that turned out.

Business confidence is way down. Gee, why is that. Watch:

Remember in November.

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