McCain vs Obama?

csirl said:
He also hasnt answered the Indonesian adoption/citizenship issue which also bars him from the presidency.
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As far as I can tell you can't lose your natural born citizenship just because of adoption - this article goes into some depth on how one goes about renouncing a US citizenship (and it is quite torturous)

Straight Dope Article

An important point to note is that the US 'tolerates' to an extent dual citizenship (eg Israeli/US) until a child comes of age and then they are expected to choose one or the other. It seems from reading the article that one cannot be forced to lose their citizenship against their will - so Obama would have had to make that choice much later in life.
 
One of the allegations is that he applied for, received and travelled on an Indonesian passport as an adult.
 
[broken link removed] Interesting chart on how the perceived respective chances have changed on Betfair. Obama long the favorite nearly got caught when the pig in lipstick first came out of the stye, but she has created such a stink since then that McCain is bacon. Also note that Paddypower has paid out on Obama, without waiting for the result.
 
America's now in line for a long long long recession - Obama's protectionist attitude, naive economics and wealth distribution policies will ensure this.

Very bad news for Ireland. He's promised a $3k penalty per annum (in form of tax) for every job a US owned company has located overseas.
 
csirl said:
Very bad news for Ireland. He's promised a $3k penalty per annum (in form of tax) for every job a US owned company has located overseas.
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He could go further than this because some of the Irish set-ups that have attracted negative publicity in the US involve companies here with very few employees and huge revenues.

e.g. the case of Sandisk reporting a billion dollars in revenue in Ireland with just 4 employees.
 
To remain competitive, the Irish based multinationals will have to take 3k off the wages of all of their employees. If you are working for one of these companies, the effect is that 3k will be taken from your pay packet and given to some unemployed American who needs the money so he can pay back the troubled bank who game him a "ninja" mortgage.
 
What, in this context, is classified as an “American job”?
If an American company buys an Irish company and then closes down its US based department that used to do more or less the same thing will that count?
What if they outsource their call centre function to a different company based in Ireland, will that count?
What if they move 10 jobs here but then employ an extra 100 people locally after the set-up?
What if it’s a joint venture?
What if they register the company here (like IBM did)?

There’s no clear way to define what an outsourced job is.
 
Purple said:
What, in this context, is classified as an “American job”?
If an American company buys an Irish company and then closes down its US based department that used to do more or less the same thing will that count?
What if they outsource their call centre function to a different company based in Ireland, will that count?
What if they move 10 jobs here but then employ an extra 100 people locally after the set-up?
What if it’s a joint venture?
What if they register the company here (like IBM did)?

There’s no clear way to define what an outsourced job is.
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As you can see, Mr. Obama has really thought out his election promises in great detail :rolleyes:
 
csirl said:
As you can see, Mr. Obama has really thought out his election promises in great detail :rolleyes:
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Was it literally an election promise though?

Plenty of speculation about an Obama win being bad (from an Irish view) for US investment but did he actually make any clear statements/promises?
 
Caveat said:
Was it literally an election promise though?

Plenty of speculation about an Obama win being bad (from an Irish view) for US investment but did he actually make any clear statements/promises?
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It was a electoral soundbite. Various administrations on both sides of the house have been trying to change tax laws (especially the tax deferral of profits) regarding multinationals for decades but have never managed it. John F Kennedy tried it in the 1960's

Obama never gave details on what he would do only vague threats about ending tax breaks. His own economic advisor only said that they would work with Congress. It was their version of the smaller class sizes promise here!!
 
Campaigns are filled with high-falutin waffle so it remains to be seen what actually gets changed in this area.

For what it's worth a senior economic advisor to Obama, Robert Shapiro , spoke in Dublin yesterday

Shapiro said there is a “significant possibility” an Obama administration will change the current tax rules, under which US companies pay tax on overseas earnings only when profits are repatriated.
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"Ireland must wean itself from dependence on FDI. A low corporate taxation rate is not the most important factor moving forward, it goes beyond that."
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http://www.finfacts.ie/irishfinancenews/article_1015171.shtml
 
Someone (American) was speaking on The Last Word yesterday evening too - didn't catch who - and was playing down the idea that low corporation tax was the most significant lure for US companies.

He suggested instead that US companies are attracted by "standard of education, great country to live & work in, gateway to Europe, English language etc".

All sounded a bit too much like basic placation to me though.
 
McCain is the Chairman of the Irish American Republicans organisation (not the same one that SF uses to raise funds :) ). Expressed his admiration for our tax policies in his debates and would have been a lot more favourable to us.

I bet Obama couldnt even find Ireland on a map of the world.:(
 
csirl said:
McCain is the Chairman of the Irish American Republicans organisation (not the same one that SF uses to raise funds :) ). Expressed his admiration for our tax policies in his debates and would have been a lot more favourable to us.

I bet Obama couldnt even find Ireland on a map of the world.:(
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Obama has an Irish great grandpaw on his mothers side - there was a thing about it on RTE the other night. They was a lot of support for him in his 'hometown' of .

And a little google search threw up the following fact sheet on Obama's [broken link removed].

It doesn't say wether he can point it out on a map though.
 
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