According to the Center for American Progress Action Fund, McBush's corporate tax cuts would give:McCain Used Record Of Job Layoffs To Attack Romney. CBS News reported that McCain attacked Romney's record and rhetoric that private-sector experience enhances his ability to create jobs: "McCain added by criticizing Romney's private sector experience, which Romney has used as his platform for being able to bring America's economy back. 'As the head of his investment, quote, company. He presided over the acquisition of companies that immediately laid off thousands of workers.'" [CBS, 1/28/08] (McBush Adviser Carly) Fiorina Laid Off Nearly 18,000 HP Workers During "Restructuring." According to the Omaha-World Herald, "Hewlett-Packard, based in Palo Alto, Calif., had a $ 903 million loss on revenue of $56.6 billion for its fiscal year that ended last Oct 31. According to a summary by Hoover's Inc., an Austin, Texas, provider of business information, Hewlett-Packard has undergone extensive restructuring under Chief Executive Officer Carly Fiorina. The company announced earlier this year that it planned to cut 17,900 people by October because of a weak economy and its merger with Compaq." [Omaha-World Herald 9/29/03] Fiorina Suggests Her Biggest Mistake Was Not Firing More People More Quickly. In 2005, Fortune magazine reported that "Fiorina does not agree, naturally, that there's been a brain drain (at HP). In fact, she believes that one lesson she's learned while running HP is that she should have moved more quickly in ejecting certain people. Smartened up now, she says, "I would have done them all faster. Every person that I've asked to leave, whether it's been clear publicly or not, I would have done faster." [Fortune, 2/7/05]
And maybe this is why Senator McBush wants to talk Terra! Terra! Terra! instead of what matters most…$3.8 billion in tax breaks to the 5 biggest oil companies [CAPAF , 4/15/08] $1.9 billion in tax breaks to the 10 biggest health insurers [CAPAF , 4/15/08] More than $500 million to the companies where his economic advisors serve or served as CEOs [CAPAF, 4/15/08]
And I would ask that you remember this for a moment also…McCain On Outsourcing: "I Don't Care How Many Of Them You Outsource." Responding to a question about the economy during an appearance on MSNBC's Hardball, McCain said, "If we start seeing what a lot of us expect, and that is a strong economy cannot go forever without picking up jobs. I don't care how many of them you outsource, then I think the president is going to be helped by that." [MSNBC, "Hardball," 2/25/04] McCain Told Ohio Workers Their "Jobs Aren't Coming Back," But "Free Trade Is The Best Thing That Can Happen To Our Nation." At a town hall meeting in Rocky River, Ohio, McCain told the audience, "Some of those manufacturing jobs are not coming back and you know it and I know it." McCain added, "The economists that I know and trust and the history that I study, and I study a lot of history, says that free trade is the best thing that can happen to our nation. When we have practiced protectionism it has had devastating consequences." [Reuters, 2/25/08] McCain Said "I Can't Tell You These Jobs Are Ever Going To Come Back." During a campaign trip to Youngstown, Ohio, McCain said, "I can't tell you that these jobs are ever going to come back to this magnificent part of the country … But I will commit to giving these workers a second chance. They need it, they deserve it. I know that's small comfort to you, but I can't look you in the eye and tell you those steel mills are coming back." [New York Times, 4/23/08] McCain: "There Are Some Jobs That Aren't Coming Back To Michigan." During a Republican Debate on Fox News, McCain said, "Sometimes you have to tell people things they don't want to hear along with things that they do want to hear. There are jobs -- let's have a little straight talk. There are some jobs that aren't coming back to Michigan." [Fox News, Republican Debate, 1/10/08] McCain Belittled Mill Workers When Asked About The Detrimental Effects Of Trade. USA Today reported, "A man in Littleton [Colorado] complained that free-trade policies were destroying the textile industry. 'Frankly, I didn't know that your ambitions for your children were to work in a textile mill,' McCain said. 'I would rather have them work in the high-tech industry.'" [USA Today, 9/7/99] McCain Told Workers Not To "Cling To An Old Economy." According to the Boston Globe, McCain said, "So we want people to be part of that revolution, and we've got to be part of that new economy, rather than try to cling to an old economy." [Boston Globe, 4/23/08] In The 1980s, McCain Supported Maquiladora System That Threatened U.S. Jobs. States News Service reported, "The federal government's promotion of U.S. investment in Mexican factories has pitted congressmen from states bordering Mexico, including Arizona Reps. Jim Kolbe, Morris K. Udall and John McCain, against others who charge the policy exports American jobs. … Also, Republican McCain has sent a pro-maquiladora letter to his fellow congressmen in response to a 'dear colleague' letter from a Pennsylvania House member who bashed the twin plant system, according to a McCain aide. … The maquiladora system, established by the Mexican government in 1965, allows non-Mexican owners of plants within 25 miles of the border to assemble their products on the Mexican side and then bring them back to the U.S. twin plant without paying duties." [States News Service, 10/14/86]
…as you read about how much “Straight Talk” McBush and his pals are worth.McCain Said Americans Ought to Offended By CEO Pay and Golden Parachutes. In an April speech, McCain said, "Americans are also right to be offended when the extravagant salaries and severance deals of CEOs “in some cases, the very same CEO's who helped to bring on these market troubles – bear no relation to the success of the company or the wishes of shareholders." [McCain Economy Speech, 4/15/08]
Meg Whitman
In 2007, Whitman Received A "Package" Worth $10 Million. As reported by the Associated Press, "Retired EBay chief executive Meg Whitman received compensation valued at US$10 million in 2007, a pay package that included $787,936 for personal air travel, according to a securities filing by the company on Monday. Whitman, a billionaire who owns a two per cent stake in online auctioneer EBay, the second largest holding, retired in March after 10 years at the helm. Considered one of Silicon Valley's most powerful women, she remains on EBay's board and serves as a special adviser to incoming CEO John Donahoe. Her 2007 pay package included a salary of $995,016, a bonus of $243,013, and $1.4 million in non-equity incentive pay, according to the company's proxy statement. She received stock and option awards valued at $6.6 million when they were granted and other compensation equal to $792,436, including the travel expenses." [Associated Press, 4/28/08]
Whitman Received A $2.9 Million Salary In 2005. As reported by Forbes, eBay CEO Meg Whitman received $2.9 million in 2005. [Forbes, accessed 8/29/08]
Despite Retiring, Meg Whitman Still Draws $1.2 Million Annually As A "Special Adviser." As reported by Barron's, "In an 8-K filing with the SEC this afternoon, eBay disclosed that outgoing CEO Meg Whitman will draw a $600,000 annual salary as a "special advisor" to the company through the end of the year. She also will have a target incentive bonus equal to her base salary, i.e., another $600,000." [Barron's, 1/25/08]
Carly Fiorina
Despite Being Forced Out, Fiorina's Severance Package Was Reportedly More Than $42 Million. CNNMoney reported, "Ex-Hewlett-Packard CEO Carly Fiorina will get a severance package worth about $21.4 million, but stands to reap another $21 million after she was forced out by the computer maker's board last week, a newspaper reported Saturday. The additional amount reflects the estimated value of her Hewlett stock and options as well as her pension, which were not included in her severance package, the New York Times reported." [CNNMoney.com, 2/12/05]
Fiorina Was Paid $10.7 Million In 2002, But Was Decreased To $6.6 Million In 2003 Due To Poor Performance. As reported by the San Francisco Chronicle, "Hewlett-Packard has slashed the pay of chief executive Carly Fiorina after she missed some performance targets last year, according to a filing with the Securities and Exchange Commission… Fiorina's total pay -- including salary, bonus and stock options -- dropped about 38 percent from $10.7 million in fiscal 2002 to $6.6 million last year.
While her base salary went up from $1 million in 2002 to $1.24 million in 2003, her performance-based bonus dropped from $2.9 million to $2.1 million and the value of her stock option grants declined from $6.8 million to $3.3 million." [San Francisco Chronicle, 1/24/04]
Rudy 9iu11ani
Giuliani Is Worth Up To $70.4 Million, Earned $16.8 Million In 2006. As reported by CNN, "'They are an elite class,' said Shelia Krumholz, director of the Center for Responsive Politics, a nonpartisan group that tracks money in politics. 'Only about 1 percent of the American population are millionaires.'… "Giuliani reported assets of between $18.1 million and $70.4 million. Because the FEC allows candidates to report assets within ranges, the actual value of his assets lies somewhere between those figures. The report also shows that during 2006, Giuliani made $16.8 million in income, including about $9 million for giving speeches, usually at $100,000 a pop." [CNN, 5/17/08]
Willard Mitt Romney
Mitt Romney Was The Richest Presidential Candidate In 2008, Worth Up To $250 Million. As reported by the Associated Press, "Republican Mitt Romney is expected to report financial assets between $190 million and $250 million, an amount that would likely make him the wealthiest of the 2008 presidential candidates… Romney also has a blind trust for his children and grandchildren that is estimated to hold assets between $70 million and $100 million, the adviser said. Those assets do not benefit Romney or his wife and are not required to be reported in federal financial disclosures." [Associated Press, 5/11/07]
Fred ("Flaw And Ardor") Thompson
Fred Thompson Made $8 Million In 2006. As reported by CNN Money, "Fred Thompson may be history's best-paid public servant. He's been a senator, lawyer and lobbyist, but his stint as Arthur Branch, the DA on 'Law and Order,' and other acting bits playing past and present U.S. Presidents and FBI and CIA directors are what made him wealthy. In 2006 he took in about $3.6 million for his acting roles, another $3.6 million as a commentator for ABC Radio, plus $1.6 million for making speeches. He collected an additional $200,000 or so from his investments." [CNN Money, 7/12/07]
"Deadeye" Dick Cheney
Dick Cheney Is Worth Up To $99 Million, Possibly $29 Million More Than In 2001. As reported by the Washington Post, "Vice President Cheney and his wife, Lynne, have fared better, reporting assets of at least $21 million and as much as $99 million, the forms show. The Cheneys are at least as wealthy as they were when the vice president entered office, and may have added as much as $29 million to their net worth during his tenure." [Washington Post, 5/16/08]
Cheney's Halliburton Retirement Package Was Worth An Estimated $20 Million. As reported by the New York Times, "The energy services company that Dick Cheney served for much of the last five years as chairman and chief executive has agreed to let Mr. Cheney, the Republican vice-presidential candidate, retire with a package worth an estimated $20 million, according to people who have reviewed the deal. The board of the Halliburton Company, which is based in Dallas, approved the arrangements on July 20, five days before Gov. George W. Bush announced his selection of Mr. Cheney as his running mate." [New York Times, 8/12/00]
And speaking of taxes (were we?), Adam Jentleson, the Communications and Outreach Director for the Hyde Park Project at the Center for American Progress Action Fund, tells us…
To cut through the rhetoric coming out of St. Paul, here is a by-the-numbers examination of how Sen. John McCain and Gov. Sarah Palin are proposing a third term of failed conservative policies.And finally, this analysis from Jim Kuhnhenn and Jim Drinkard of the AP (the AP!) “lays it on the line” concerning “Senator Stiff” and “Governor Gidget” (and you KNOW McBush is in trouble when some of his former media chums feel left out to the point where they actually start doing their jobs again – and shockingly, that includes Ron Fournier here).
The McCain-Palin Agenda for Our Economy:
* Zero tax relief for 100 million middle-class Americans, but trillions in tax cuts for big corporations and the very wealthy.
* $175 billion per year in tax cuts for corporations.
* $45 billion per year in tax cuts for the top 200 corporations alone.
* The top 1 percent will receive nearly 50 percent of the benefits of McCain's tax plan.
* People making $5 million a year (McCain's definition of "middle class") will get a nearly $1 million tax cut.
• Women will continue to make 78 cents to every dollar a man earns because McCain opposes legislation to close the pay gap.
The McCain-Palin Agenda for Health Care:
* 158 million Americans will be at risk of losing their employer-sponsored health care coverage.
* 56 million Americans with chronic illnesses will be at risk of losing their coverage.
* More than 59 million women who receive their health insurance through their job or their spouse's job will be at risk of losing that insurance.
* More than 30 million women who suffer from a chronic condition could lose their coverage, find it harder to obtain coverage, or have to purchase supplemental insurance to cover their chronic condition.
* Millions of middle class Americans will see their taxes go up, because McCain's health care tax credit is not indexed to keep up with costs. (For instance, a family making $60,000 a year will see their taxes go up by $1,100 by 2013.)
* McCain's one-size-fits-all health care tax credit will fall far short of covering many Americans' health care costs. For instance, it will cover less than one-third of the average health care costs for older, sicker Americans.
The McCain-Palin Agenda for Energy:
* $4 billion in tax cuts for the top 5 oil companies in the U.S. ($1.2 trillion a year for ExxonMobil alone).
* $39 billion in taxpayer subsidies for big oil and gas companies over the next five years.
* More than 30 years before gas prices go down, because it will take at least that long for McCain's drilling proposal to affect prices.
• $0 in gas price relief from drilling, instead of up to $500 in relief from a proposed gas rebate that McCain opposes.
The McCain-Palin Agenda for Four More Years of the Same Failed Conservative Agenda:
* 159 lobbyists working for the McCain-Palin campaign.
* 0 new ideas to get our economy working again and restore our leadership around the world.
* 4 more years of President Bush's policy agenda.
SEE ALSO: McCain's Slick Talk Express.
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