Billionaire investor Warren Buffett supported Barack Obama's Presidential bid last year, and has never been a proponent of major tax cuts. But in an interview today with CNBC, Buffet slammed the new Energy Tax being voted on in Congress this week saying it is a "huge tax" that will "harm an awful lot of people".
While Buffett's opposition to this legislation underscores the damage the Energy Tax will do to our economy, you don't have to be a financial wizard to know that a massive tax increase isn't the cure to our ailing economy. In fact, it could turn this recession into the next Great Depression.
This is getting ridiculous !!!!
Where is the outrage, where are our republican leaders. They are a bunch of #@%*#@* whimps !!! Isn't there anyone in Washington who isn't afraid to stand up against this President !!! Newt should grab all the conservative republicans, stand on the capital steps and put policy forward so we can stand up against this regime like he did before!!! And then buy airtime to retort everything this President is trying to put this country through letting everyone now the truth rather than just talk radio. Let me be the first to nominate Newt for the next President. We need someone to be a real spokesperson for our party and we need to act NOW !!!
Frank Gregoli
Newt ought to take the place of "kingmaker" and stand as you wrote Franklin then after a couple of years of acting like the Republican leader, throw his support to Palin or someone and get them rolling for the next election.
Another strategy is http://usaFounders.com
I would like to see Sarah Palin and Newt Gingrich run as a team.
I am an Arizonan. When Arizona territory applied for statehood, it was denied until the Initiative and Referendum clause was removed from the proposed state constitution. The clause would allow, by petitioning the state, a measure to be submitted to the people on the next election. The measure was removed, then replaced by the first State Legislature. How about a National Referendum process, where the people could demand (by petition) an issue be referred to the people for a vote?
There desperately needs to be a National referendum process. We the People need to put Term limits in place, Revoke Congresses incredible life time Retirement program of full pay for 1 term served and replace it with a 401k like the rest of us, and require Congress to be subject to All the same laws They Vote in for us to follow.
Warner/Anthony,
The only way a national referendum would ever see the light of day in public discourse is through a state petitioned Constitutional Convention via Article V of the COTUS. It requires 32 states (2/3's) to petition congress for the convention, in order to present COTUS amendment proposals, and then still requires the 38 state ratification either by state legislatures or state conventions.
The beauty of it is that congress knows things such as your ideas, as well as things like congressional/fed judge term limits, fed balanced budget, fed reserve audits, gold standard, line item veto, etc would also be on the docket and would be things that could most likely garner 38 states to ratify...ie, congress would lose a lot of toys! Whether the convention happened or not, the leverage of it being a reality would be enough to stop the majority of the insanity. Keep in mind as well, that Article V does not provide for an expiration date on petitions...so the leverage could be held by state permanently. There are currently 42 state petitions still "open", so a lawyer could force the SCOTUS to make a call on whether or not a convention could be called tomorrow if some lawyer wanted to make a name for him/herself.
Now, as for Buffet..keep in mind, he's heavily invested in a company that builds interstate power lines, as well as in Goldman Sachs (put $5B in before the bailouts last fall) who stands to rake in billions from their investments in the carbon trading exchanges in Chicago/London...Buffet's playing both sides....