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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-11-04 09:22 AM
Original message
'Economic leaders' who met Bush are also donors
http://www.forbes.com/personalfinance/retirement/newswire/2004/02/10/rtr1254893.html

WASHINGTON, Feb 10 (Reuters) - Billed by the White House as a round-table of "economic leaders" on U.S. policy, several of the CEOs who huddled with President George W. Bush on Tuesday were also major contributors to his and other Republican campaigns, records show.

Among them was Goldman Sachs (nyse: GS - news - people) Chief Executive Henry Paulson, who emerged from the White House with only praise for the administration's policies despite warnings from his firm's senior economist about rising federal budget deficits.

<snip>

What the White House did not mention was that several of the executives in attendance also happened to be major Republican donors, including Michael Dell, founder and CEO of Dell Inc. (nasdaq: DELL - news - people), according to records compiled by the Center for Responsive Politics.

After the meeting, with the White House press staff looking on, Hewlett-Packard Co. (nyse: HPQ - news - people) CEO Carly Fiorina praised Bush's tax cuts and described the reaction of all the business leaders in the room as "quite enthusiastic." She gave $2,000 to Bush last year.

<snip>

While acknowledging there was some discussion with the CEOs about the administration's decision to not renew tax breaks for business investment, Evans insisted: "They didn't ask for it (the tax breaks) to be extended."

...more...
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Webster Green Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-11-04 09:34 AM
Response to Original message
1. They are so cynical and arrogant.......
They don't even try to hide the cronyism. Duck hunting anyone?
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Kahuna Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-11-04 09:37 AM
Response to Reply #1
3. Hey Webster! I posted the same thing without seeing
your post. :7
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Webster Green Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-11-04 09:43 AM
Response to Reply #3
4. Heh!
Yep, we're transmitting on the same frequency!:hi:
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Kahuna Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-11-04 09:37 AM
Response to Original message
2. Boy oh boy is this guy arrogant and cynical.
That's what happens when repukes control all branches of government. There are no checks and balances.
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pw Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-11-04 10:09 AM
Response to Original message
5. The really stupid thing
is that properly targeted tax breaks for business investment are in fact a really good idea. But why build a plant in the US and get a tax break when you can build one overseas and -- with a little creative footwork -- avoid taxes altogether?
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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-11-04 10:24 AM
Response to Original message
6. Carly Fiorina
:puke:

She won 2 "awards" for 2001, most announced layoffs and greatest percentage gain in CEO pay.

Layoff announcements = 25,700
CEO pay increase = 1,242,000 to 4,114,000 (231% increase)


Compare that to T Waitt of Gateway (No, I am not a fan of Gateway)

Layoff announcements = 8,000
CEO pay increase = 1,658,000 to 16,000 (-99% DECREASE)
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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-11-04 05:12 PM
Response to Original message
7. kick
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tom_paine Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-11-04 06:22 PM
Response to Original message
8. The usual collusion found in Third World Nations
like Imperial Amerika.
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