Posted on 12/12/2008 5:41:13 PM PST by Kaslin
Energy: Another day, another oil company fleeing the country. No, this isn't Ecuador, the banana republic that just defaulted on its debt after chasing out investors. It's the United States, and what we're seeing is self-defense.
In a political atmosphere of blaming corporations, it's no wonder. Halliburton fled to Dubai in 2007. Tyco International, Foster Wheeler and Transocean International all went to Switzerland. As a pattern emerges, America's global standing diminishes, in part because it's based on the willingness of companies to invest. It's an especially bad sign when domestic companies flee.
"The U.S. is an important market," Weatherford CEO Bernard J. Duroc-Danner told the Houston Chronicle Thursday. But, "it's just a market. It's not the primary market."
How does that sound for a loss of global leadership? If that's not clear enough, try this: "In the hierarchical pecking order, (Houston's) not going to be Rome anymore."
What accounts for this vote of no confidence in the U.S.?
Start with the demonization of oil companies. Executives have been hauled before Congressional star chambers, held up to abuse and ridicule, and then blamed for high oil prices as if they wanted to kill their markets. Rising global demand, nationalizations and Congress' failure to open the country to drilling go ignored.
(Excerpt) Read more at ibdeditorials.com ...
Thanks, good article.....here is another one.
http://www.ibdeditorials.com/IBDArticles.aspx?id=313892109107330
It seems funny to talk about a $1 trillion taxpayer- and debt-funded “stimulus” plan when there’s something we could do right away to boost the economy, create hundreds of thousands of jobs, shrink our trade gap and secure our energy independence: Drill for oil here, and drill for it now.
October’s trade data tell why. Despite a record plunge in oil prices from the late summer and into fall, the actual volume of oil we imported went up. Oil still accounts for nearly half our trade deficit (see chart) compared with less than 30% two years ago.
Let them all leave. They're all evel anyway. We don't need them. /s
No problem, go rip the Swiss off!!!
Same principle applies to taxing the wealthy. Tax them enough and they’ll just leave.
It’s a Republican thing too. How many companies were chased off with Sarbanes-Oxley?
So when do we start building walls to keep the selfish capitalists dogs from fleeing the socialist paradise of America?
Before anyone complains about a company abandoning the US, the camel can carry only so may straws. The ability to domesticate your business where it best suits the shareholders is a basic liberty issue. Keep in mind that since the US does not tax foreign persons on their US-based capital gains, it is the largest tax haven in the world, that is except for US Persons.
The last time too many people and firms fled for the exits, Congress reacted not be attempting to lure them back, but by increasing the tax penalties for leaving. Lovers of liberty note this: if a citizen leaves, he is still liable to report and pay US taxes for another 10 years. Congress has made us tax slaves.
Is socialism good for America? Take a look at the stock market. Unemployment is beginning to move too. The clock started ticking when Democrats took control of Congress. It’s ticking faster now that BHO has been elected.
“We don’t need them.” ?????
Who says we don’t need them? We do not need to run any industry offshore. We need to deal with over-regulation, over-taxation, and idiot re-distributionist politicians.
I personally do not want the U.S. to become a Marxist paradise like Cuba. That is where we are going. I have seen to many examples of the wonders of Central Planning. Death, Desolation, & Misery.
The Totalitarian Collectivist will absolutely kill the essence of this country.
No problem, go rip the Swiss off!!!
By paying taxes to the Swiss? I'm sure the Swiss will be crying about that. LOL!
You obviously didn’t see or undersatand the sarcasm tag (/s) at the end of my comment.
The productive will, Ayn Rand-style, evac and produce elsewhere. When the commies here die off (which should take about 2 weeks given their historical productivity statistics), the productive will return and re-establish the Constitutional Republic which gave them birth.
In the mean time, F these parasites, and F their leaders and enablers. Let famine, plague, and war take them in a cannibalistic frenzy.
We owe future generations a clean gene pool, free from this dross.
Absolutely.
Sorry you don't support the concept.
I do support the concept of freedom.
I'm just laughing at your claim that paying taxes to the Swiss is somehow ripping off the Swiss.
these libera/communist/socialist/progressive democrats are becoming very tiresome indeed.
IMHO
We'll still use their services, they just won't be here where they aren't welcome.
In fact, given the current spend-a-thon our Government seems to be on, I would argue it is actually PATRIOTIC to pay as few taxes as possible (which is well-accomplished by moving your assets and company overseas), so as to provide some sort of limit on the absolute level of funds that will be squandered in this latest round of deficits.
All of that puts the U.S. in a position that war for oil or
complete economic collapse will be our only choices.
You can't frustrate every source of domestic energy
without consequences. Our enemies will blackmail us
to the extent that we are vulnerable to blackmail.
The Democrats are leading us into a real war for oil.
A war we won't have the energy to fight. A war we don't need to fight because we have our own resources.
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