Nothing wrong with going for all that oil that sits in a speck of bare frozen tundra of mud as rock up in Alaska that a bunch of enviros back in the day named ANWR. Nothing wrong with exploring outside of 50 miles of both coasts. Nothing wrong with going after the abundance of oil in the tar sands or the abundance of natty gas in shale. Drill Baby Drill won't eliminate US dependence on 40% foreign oil (majority of which is from Canadad, Mex, and Hugo Chavez land, not the Middle East) but it could lesson it while at the same time:bluehenbillk wrote:BDKJMU wrote:Problems with Huntsman:
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Positive for Huntsman: He has just released an economic plan that is receiving praise from conservative circles:
Republican Presidential candidate and former Utah Governor Jon Huntsman is lagging in the polls, but the economic agenda he rolled out this week may start getting him more attention. And deservedly so.
The heart of the plan lowers all tax rates on individuals and businesses. Mr. Huntsman would create three personal income tax rates—8%, 14% and 23%—and pay for this in a "revenue-neutral" way by eliminating "all deductions and credits." This tracks with the proposals of the bipartisan Bowles-Simpson commission and others for a flatter, more efficient tax system.
That means economically inefficient tax carve outs for mortgage interest, municipal bonds, child credits and green energy subsidies would at last be closed. The double tax on capital gains and dividends would be expunged as would the Alternative Minimum Tax. The corporate tax rate falls to 25% from 35%, and American businesses would be taxed on a territorial system to encourage firms to return capital parked in overseas operations.
Mr. Huntsman would repeal two of President Obama's most economically debilitating creations, ObamaCare and the Dodd-Frank financial regulation law. Mr. Huntsman has it right when he says, "Dodd-Frank perpetuates 'too big to fail' by codifying a regime that incentivizes firms to become too big to fail." He'd also repeal a Bush-era regulatory mistake, the Sarbanes-Oxley accounting rules, which have added millions of dollars of costs to businesses with little positive effect.
Mr. Huntsman says he'd also bring to heel the hyper-regulators at the Environmental Protection Agency, Food and Drug Administration and the National Labor Relations Board, all of which are suppressing job-creation. The Huntsman energy policy promises to block impediments to producing oil in the Gulf of Mexico and Alaska (see editorial above), while encouraging the safe deployment of fracking for natural gas in the states. Mr. Huntsman dabbled with green energy subsidies as Governor when those were the political fashion, but perhaps he's learned watching the failures of the last two years.
Mr. Huntsman's proposal is as impressive as any to date in the GOP Presidential field, and certainly better than what we've seen from the front-runners. Perhaps Mr. Huntsman should be asked to give the Republican response to the President's jobs speech next week. The two views of what makes an economy grow could not be more different.
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Would I vote for Huntsman in the Republican primary? No. Would I vote for him over Obama? Does a Bear sh*t in the woods?
Thanks for recapping some of the really good things about Huntsman. I think he did OK last night in the debate but needs to separate or distinguish himself more from Perry & Romney than he has so far. I like everything he says up here except the "drill baby drill" crap which has to stop. Thimking we can "out-oil" the Middle East is not the right plan. The right plan is how can we convert cars to run on natural resources we do have in abundance like natural gas or electricity and you can cut the Middle East all friggin together. But that would be pissong off Big Oil which owns the GOP.
-helping to keep prices as rising as high as they otherwise would
-providing hundreds of thousands of JOBS
-providing the govt and states with tens of billions in increased lease, royalty, and tax revenue.
That is a win, win, win. Kudos to Huntsman on that.
I said I wouldn't vote for Huntsman in the Repub primary. I take that back. MAYBE I would vote for him. Still haven't decided. Probably moot since by the time the primary reaches PA, nominee will be all but decided.
