Roemer Drops Bid For GOP Nomination

Feb 22, 2012, 6:21 pm EDT

After getting shut out of yet another Republican presidential candidate debate, it appears that former Lousiana Gov. and U.S. Rep. Buddy Roemer will go elsewhere to continue his run for president. The GOP candidate that almost nobody knew about released a statement today ending his candidacy for the Republican nomination.

What’s next for Roemer? A run at getting nominated by a third party. In the same statement, he declared he would seek the Reform Party’s blessing to run for president. Founded by former third-party presidential candidate Ross Perot, the Reform Party’s shining moment was when former professional wrestler Jesse Ventura was elected as governor of Minnesota in 1998. Since then, they haven’t had much luck in influencing U.S. politics. Roemer might be a big name for them, but not as big a name as Perot or Ventura. It’ll remain an uphill battle for Roemer to get media attention, especially with the topsy-turvy GOP primary process still ongoing.

— Benjamin Nanamaker, InvestorPlace Money & Politics Editor Read 

New Obama Tax Plan Doesn’t Go Far Enough

Feb 22, 2012, 6:01 pm EDT

President Barack Obama’s proposal to lower the tax rate on U.S. corporations to 28% from 35% and to close dozens of tax loopholes does not go far enough to make much of an economic difference.

If enacted, the U.S. would go from having the highest corporate tax rate to the fourth highest, after Japan, France and Belgium, according to a blog post by Scott Hodge, president of the Tax Foundation. When the average tax rate of 6.4% is factored in, the proposed cut is even less impressive, since it would result in rates of 32.6%, still above the 25% average of the members of the Organization of Economic Cooperation and Development. Hodge writes:

“Let’s not forget that none of these changes are happening in a vacuum. On January 1st of this year, the Canadian corporate rate fell to 15 percent from 16.5 percent and the British corporate rate fell to 25 percent from 26 percent. And, as is well known, Japan will cut their overall rate to 38.01 percent from over 40 percent on April 1st.” Read 

Ron Paul’s Vision of a Federal Republic

Feb 22, 2012, 12:44 pm EDT

Congressman Ron Paul correctly writes that “tyrants from Hitler to Mao to Stalin have sought to disarm their own citizens, for the simple reason that unarmed people are easier to control.” Paul rightly concludes that “only armed citizens can ultimately resist tyrannical government.”

President Barack Obama has appointed two Supreme Court justices, Elena Kagan and Sonia Sotomayor, whose position on the second amendment makes me uncomfortable. They join wildly out-of-touch and scary Justice Stephen Breyer on the bench.

Ron Paul is the only candidate for president who offers a platform of Federal Republic thinking, including a strict interpretation of the Constitution and powerful support of the second amendment. There is an excellent summation in The New Yorker of Paul’s Federal Republic approach to governing. Read 

4 Candidates Who Might be the GOP’s ‘Plan B’

Feb 21, 2012, 6:58 pm EDT
4 Candidates Who Might be the GOP’s ‘Plan B’

With the important GOP primaries in Arizona and Michigan just a week away, and with the absolutely critical Super Tuesday slate of primaries just two weeks off, it is looking more and more likely that the Republican presidential nominee won’t be definitely selected after these primaries. This has led to whispering about a “brokered convention”, with no one candidate receiving enough delegates through the primaries and caucuses, which would lead to a re-vote and release of all previously bound delegates.

It has also led some nervous Republican party members to suggest another candidate enter the primary fray.

Though no one has been brave enough to publicly discuss it, there is apparently a memo circulating around the Republican ranks discussing how another candidate might enter the remaining primary races, and who they might be. Granted, the odds would be stacked against someone who has missed out on the early primary season, particularly the momentum building events in Iowa, New Hampshire, South Carolina, and Florida. But a majority of delegates are still up for grabs, and many primaries and caucuses award delegates proportionally and not winner-take-all, giving a late-comer more of a chance to make up ground. Read 

Eurozone and Japan GDP Fell in Q4

Feb 21, 2012, 1:50 pm EDT

Eurozone: Europe is bogged down with debt worries and austerity cuts, so a rise in oil prices could push more eurozone nations into recession. Eurostat reported last week that eurozone GDP contracted at a 1.3% annual rate in the fourth quarter. Italy contracted at a 2.9% annual pace last quarter, while Belgium, Greece, the Netherlands, and Portugal officially fell into recession with their second straight quarter of negative GDP growth.

These four eurozone countries are in a recession, and Italy is on the verge. Only France was able to buck the negative GDP growth by growing at a 0.9% annual pace in the fourth quarter.

Complicating matters further, insults are flying between Germany and Greece over payment of the second installment of the 130 billion euro ($171 billion) rescue package for Greece. Finland, Germany, and the Netherlands are pushing to delay Greece’s aid package until Greek political leaders make good on their promises for more austerity. Read 

Letter: An Alternative to Super PACs

Feb 20, 2012, 6:18 pm EDT

Personally, I think all PACs are a means of keeping the money’ed crowd in power so they can continue bleeding the people dry, stay in power, and keep making money.  The Democrat and Republican Parties are “birds of a feather.”  I don’t think PACs have anything to do with “free speech.”  It is all about POWER and CONTROL.

My idea for true campaign finance reform would be a national TV channel dedicated every four years to presidential election campaigns, every other year to mid-term elections.  During the presidential election years, the certified, vetted, qualified and eligible candidates (under Article II, Section 1 of the U.S. Constitution) of the various parties would schedule hour-long segments each day to be seen and heard, with the opportunity to sell the voting public on their ideas and plans.  Voters could email or tweet questions for the candidates.  All candidates could be seen and heard daily during the specified (hopefully, only two months) campaign period.  All unused hours could be reserved by Representatives and Senators seeking reelection.  By this “campaign” method, no candidate would have to raise a dime, and consequently, none would be beholden to any special interests.

During the off-election years, this channel could be used as a “public service channel.”  Time could be reserved by individual citizens (screened), whereby their ideas could be presented and challenged.  Or they could debate the issues of the day with their elected officials (federal, state, county and local levels).  Since C-SPAN is sponsored by cable and satellite channels, they might also provide this service, which would be unique.  By this method, freedom of speech would not be violated; if a special interest group so desires, they could contribute toward the continuation of this “public service channel.” Read 

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