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May 8, 2009

Invitation To Moderate Republicans: Leave RUSH, Join The Democrats!

Limbaugh 2  Radio personality Rush Limbaugh who seems to be the anointed spokesman for the GOP is trying to kick retired General Colin Powell out of the Republican Party. 

Earlier this week in an address to a conference in Washington sponsored by Fortify Software Inc., Powell said, “The Republican Party is in deep trouble. The party has to reconcile with the fact that the mood of the voters has changed, Powell suggested: “Americans do want to pay taxes for services… Americans are looking for more government in their life, not less.”

Powell said that in his observation he believe some of the party’s leaders were bowing too far to the right and suggested that neither Limbaugh nor commentator Ann Coulter serves the party well.

The party lacks a “positive” spokesperson, continued Powell: “I think what Rush does as an entertainer diminishes the party and intrudes or inserts into our public life a kind of nastiness that we would be better to do without.”

This infuriated Limbaugh and he said, “Look, if you want to know what this is all about, Colin Powell is out there saying that American people want more taxes, they want bigger government. He’s out there saying I am killing the Republican Party while he endorsed and voted for Obama,” Limbaugh said on his show. “The Republican Party nominated the exact kind of candidate Colin Powell thinks the Republican Party should have and he still endorsed Obama. He’s just mad at me because I’m the one person in the country that had the guts to explain his endorsement of Obama. It was purely and solely based on race. There can be no other explanation for it. What Colin Powell needs to do is close the loop and become a Democrat, instead of claiming to be a Republican interested in reforming the Republican Party,” Limbaugh said. “He’s not. He’s a full-fledged Democrat. So I don’t care. This kind of stuff is said about me ten times a day by liberals. He’s just one of them doing it. ”

Ha! Poor Rush cannot take even the hint of constructive criticism.  He is such a BIG cry baby! 

But, as a Democrat, speaking collectively, we will gladly accept Colin Powell and any other open minded, innovative, forward thinking Republican who wants to join us. We love America and want to see it become all it can be and we need your ideas to make this a great country for all of us.

Cross over moderate Republicans, come on down – we are glad to have you!!!

May 7, 2009

The Middle East Goes To Cuba: Qatar To Build Luxury Hotel In Cuba

cuba 

Well, if America wants to be a major player in the redevelopment of Cuba then we better start talking with Cuba in a meaningful way real soon before the rest of the industrial world beats us to it.  Do American businesses want to do business with Cuba?  Of course they do, they don’t want to miss out on all the opportunities to bring Cuba into the 21st century and all the money to be made doing so.

Here in America we have been conditioned to believe that Castro’s Cuba is all bad and that Cuba is automatically our enemy without knowing why Castro’s Cuba look at America as a fiend – it’s not just about communism.

Before the Cuban Revolution that led to the overthrow of U.S. backed Dictator Fulgencio Batista in 1959, Havana was the original Sin City.  Havana was Las Vegas, before there was a Las Vegas.

Because gambling, liquor, prostitution, etc were all illegal in the United States, rich and famous Americans were looking for a place where they could revel and paint the town red without going to jail. They discovered Havana and since it is a tropical paradise and only 90 miles from Florida it became wealthy Americans’ winter destination and airlines and cruise lines offered grand tour packages to Havana.

American mob bosses benefited from Cuba’s President Fulgencio Batista’s corrupt regime and bribed them and created a glamorous playground for the rich. They created a prohibition haven, a place of safety from prosecution overflowing with dazzling nightclubs and mojitos flowing all day, outrageous cabarets, dancing girls, all-night bars, backstreet brothels, fancy hotels and resorts, gambling, music, drugs, sex and scandal.  Affluent Americans and movie stars did not disappoint the mob investors; they went to Havana in droves to whoop it up!

Many Cubans were outraged by the reveling and debauchery and Castro who was a young revolutionist became popular and his philosophy became widely accepted. When Castro overthrew Batista he had a new vision for Cuba and Americans were banned from travel to his tropical paradise.

Relations between the U.S. and Cuba quickly deteriorated when Castro nationalized many of the U.S. owned industries in Cuba. Each time the Cuban government nationalized American properties, the American government took countermeasures, resulting in the prohibition of all exports to Cuba on October 19, 1960.

In March 1960 President Eisenhower had quietly authorized the CIA to organize, train, and equip Cuban refugees as a guerrilla force to overthrow Castro. Consequently, Cuba began to consolidate trade relations with the communist Soviet Union which lead to the United States breaking off all remaining official diplomatic relations.

On January 3, 1961 the US withdrew diplomatic recognition of the Cuban government and closed our embassy in Havana.

So here we are 48 years later and Cuba and Qatar have signed an agreement to build a $75 million, 450-room resort on a cay south of the island.

Cuba and Qatar will spend 14 months negotiating financing details for the five-star “Gran Paraiso” or “Great Paradise,” said Ghanim Bin Saad al-Saad, president of state-owned Qatar Diar Real Estate Investment Company, construction will take another year and a half with a goal to open in 2015.

The resort is planned for Cayo Largo Sur, a strip of white sand, coral reefs and warm, calm waters 105 miles south of Havana that is already home to a cluster of high-rise hotels. The Gran Paraiso will also include 60 retreat villas that could be expanded in the future.

Tourism is Cuba’s second-largest moneymaker behind nickel exports.

A record 2.35 million foreigners visited last year, mostly from Canada and Europe. That was a 9.3 percent increase over 2007.  Foreign arrivals are up another 2 percent so far this year despite the global economic slowdown.

America should not continue to snub Cuba.  Even though we’ve not been friendly neighbors, Cuba really hasn’t done anything harmful to America. Cuba is very close to us geographically and we should have a respectable relationship with them. Sending the CIA to Cuba to overthrow Castro was not an endearing thing to do. 

If we continue our relationship with Cuba as is, out of necessity Cuba might befriend nations that are adversarial towards America.  We don’t have to be their BFF but we should be cordial and reopen trade with them.  Why not?

Will America come out and play with Cuba?

May 5, 2009

President Obama Cracks Down On Off Shore Tax Havens

ugland-house-cayman-islands  In life some people have most everything stacked in their financial favor but it doesn’t stop them from being greedy.  The wealthy in America have had tax breaks that allow them to keep more of what they earn AND the wealthy have also had laws that have allowed them to move their monies out of America (where they earned the money) to countries where they don’t have to pay taxes on that money and therefore keep more money in their greedy little paws while keeping tax money out of the Feds bank account. 

The wealthy has been successfully hiding their money from the American government for decades; money that could help America to pay for military expenditures; money which can help to build roads; money which can be used to repair bridges; money which can be used to pay for natural disasters, etc.  President Obama is going to change some of that.

President Obama has decided to crack down on corporations who move their money out of the country in order to avoid paying taxes.  He announced proposed changes in tax law that would end much of these loopholes and could raise about $21 BILLION in revenue each year.

united-bank-of-switzerland-zurich  The move comes as the IRS continues its crackdown on offshore accounts through a high-profile investigation involving thousands of people with Swiss bank accounts managed by the United Bank of Switzerland (UBS)  in Zurich. The proposal restricts the ability of companies to defer taxes owed on profits earned overseas and eliminates a popular method, known as “check the box”, for reducing taxes through transfers of money to overseas affiliates.  The proposal will also target individuals whom the IRS suspect of hiding income offshore and these individuals would bear the burden of proof, rather than the IRS.  With the proposed changes IRS penalties for failing to make required disclosures about foreign accounts would be doubled in some cases under the plan.

The plans still have to get through Congress, but the president said he was determined to close offshore tax loopholes.  President Obama said, “On the campaign, I used to talk about the outrage of a building in the Cayman Islands that had over 12,000 businesses claim this building as their headquarters. Either this is the largest building in the world or the largest tax scam in the world. And I think the American people know which it is.”

The President was referring to The Ugland House on Church Street in the Cayman Islands – pictured above – which now has 18,000 corporations registered as having their headquarters there!  Look at the picture, do you think 18,000 corporations have their offices there?

The Cayman Islands is a tiny overseas territory of Britain.  The Cayman Islands have more registered businesses than they have people.  The Cayman Islands is the fifth-largest banking center in the world with $1.5 trillion in banking liabilities. With a population of 50,000 it has the highest per capita income in the Caribbean and 90% of its economy is based on ‘financial services’.  There is no income tax or capital gains tax or corporation tax. The government’s primary source of income is indirect taxation such as sales tax, value added tax or goods and services tax.

The government also charges licensing fees to financial institutions that operate in the islands as well as work permit fees for foreign workers ranging from around US$500 for a clerk to around US$20,000 for a CEO.

I love the fact that President Obama has come into office and shows his strong commitment to national defense, strong commitment to balance our budget and an unapologetic commitment to moral and family values that he is not afraid to wear on his sleeves. I am happy to see President Obama trying to get America fiscally healthy again.  It’s a difficult task, but I’m glad to see his efforts in trying to reclaim money that have been stolen from the American government so we can spend what we have and not have to continue borrowing from China and adding to our children and grand-children’s tax debt.

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