Re: Um, The Hill just woke up from a 100 year sleep?

Post #353,440 by beepster 1/21/12 11:46:00 AM Reply	Re: Um, The Hill just woke up from a 100 year sleep? Dumping is based on a cost valuation and specific to international firms selling below that number to steal mkt share. There is nothing in this legislation even remotely close to mkt determination. This is 3 policy wonks telling the marketplace what is " reasonable" with zero definition of what that may be. This is pure Atlas Shrugged stuff. Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.
Post #353,444 by Another Scott 1/21/12 1:37:37 PM Reply	Hardly. Yeah, dumping is only applicable in international trade. That's why the Wikipedia article talks about Rockefeller dumping oil in Cincinnati. Way to miss the point. The point is: There is nothing new about the US examining costs of production, including estimated fair profits, in determining what sorts of actions to take in regulating commerce. The bill says: The Board shall make reasonable profit determinations for purposes of applying section 5896 of the Internal Revenue Code of 1986 (relating to windfall profit on crude oil, natural gas, and products thereof). Emphasis added. Yeah, the Board is going tell the market what a reasonable profit is. Sure. Not. The language clearly says that the tax will be based in part on what the independent Board determines is a "reasonable" profit. I'm sure your buddies at Fox and TownHall would be throwing an even bigger fit if the IRS Commissioner or Secretary of Commerce made the determination instead. FWIW. Cheers, Scott.
Post #353,445 by boxley 1/21/12 1:52:04 PM Reply	which black president gets to gerrymander this indie board? Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 55 years. meep
Post #353,461 by S1mon_Jester 1/22/12 8:42:31 AM Reply	Maybe it's just me but didn't Nixon start this stuff up as well? In the United States, the effects of a tighter world oil market were aggravated by President Richard NixonÂs price controls, which gave special attention to oil because oil prices were rising rapidly. The Nixon price controls, which began in August 1971, were complex and they went through a series of phases over time. The controls interacted with changing market conditions to create shortages of different products at different periods during the 1970s. For example, heating oil shortages arose during late-1972, but most other oil products were less affected at that particular time. http://www.downsizin...nergy/regulations
Post #353,463 by Another Scott 1/22/12 8:54:57 AM Reply	Yup. Good point. Thanks.
Post #353,465 by crazy 1/22/12 10:41:33 AM Reply	And it's well documented here http://www.amazon.co...ury/dp/055312756X

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