Finance

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Again: Bill O'Reilly Distorts Facts and Truth

Recently on his show, Bill O'Reilly' expressed this about the Buffet Rule: "If the Buffet Rule is passed and millionaires have to pay more in taxes then they will invest less than they do now." This is the kind of misrepresentation of his opinion as fact is a primary example of why most FOX News viewers are more misinformed than other viewers of like networks. Where does Bill O'Reilly come up with this? Why would he make this up when he knows there is no proof of this? What could be his motivation? Perhaps he can convince his gullible audience to lower his taxes. After-all, that is what works best for him (even though it hurts the majority of his audience not to mention the US economy).

Time for the UN-distorted facts, from Bloomberg News:

Global investors overwhelmingly support President Barack Obama’s proposed tax increase for those earning annual incomes of $1 million or more in an effort to reduce the deficit.

Doesn't sound like investors want to back-off at all, instead they think this will encourage more investing from the uber wealthy. Wait, the story continues...

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SOW: LIVE Energy Town Hall - Watch It Tonight!

Watch The Town Hall right here at The Liberal Lunch Live Tonight at 8PM/7PM CT

As a follow up to my HuffPo entry yesterday, President Obama: Cheap Oil = Cheap Excuses, I ask you to join us tonight for a special Live streaming town hall panel at 8 PM ET / 7 PM CST on the topic of energy with Boone Pickens (Oil Tycoon & Founder, BP Capital Management), James Woolsey (Former CIA Director), Bob Deans (Associate Director of Communications – Natural Resources Defense Council) and Sen. Tom Coburn (R-OK). The dual crisis in Japan and the Mideast has made it clear to that Washington has failed for decades to set energy policy right and it is now up to us, the American People, to lead a discussion on the importance of energy independence in America.
I, for one, am deeply concerned about not only our future energy sources but also our current dependence on oil and nuclear energy, both of which have a proven record of climate destruction and little concern for human safety. I will be watching this town hall tonight, and I hope you will join.
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Maine Governor LePage Budget Favors Wealthy

Governor Paul LePage promised to defend “the traditional Maine values that have created strong communities and strong families across the state.” He also pledged to enact “new ideas to get Maine working.”

Well unless the traditional values of Maine are to take from the middle class and poor to give to the wealthiest residents- I think LePage has epically failed. In his budget that was released February 28, the governor has unveiled a slew of tax cuts, cutbacks in public services, and the gutting of public employee benefits and pensions.

Included in the budget is a provision that would raise the retirement age of public workers from 62 to 65, cut Maine’s prescription drug and health coverage for working parents program, end $400 of property tax relief for more than 75,000 middle-income Maine households, and freeze cost of living adjustments for state employee retirees — which already provides a meager average pension of only $18,500 per year.

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