"Michael McKelvy" wrote in message
link.net...


Bush's Timber Company

Kerry: The president got $84 from a timber company that owns, and
he's counted as a small business. Dick Cheney's counted as a small
business. That's how they do things. That's just not right.

Bush: I own a timber company?

That's news to me.

(LAUGHTER)

Bush's Timber-Growing Company

Bush got a laugh when he scoffed at Kerry's contention that he had
received $84 from "a timber company." Said Bush, "I own a timber company?
That's news to me."

In fact, according to his 2003 financial disclosure form, Bush does own
part interest in "LSTF, LLC", a limited-liability company organized "for
the purpose of the production of trees for commercial sales." (See
"supporting documents" at right.)

So Bush was wrong to suggest that he doesn't have ownership of a timber
company. And Kerry was correct in saying that Bush's definition of "small
business" is so broad that Bush himself would have qualified as a "small
business" in 2001 by virtue of the $84 in business income.

Kerry got his information from an article we posted Sept. 23 stating that
Bush on his 2001 federal income-tax returns "reported $84 of business
income from his part ownership of a timber-growing enterprise." We should
clarify: the $84 in Schedule C income was from Bush's Lone Star Trust,
which is actually described on the 2001 income-tax returns as an "oil and
gas production" business. The Lone Star Trust now owns 50% of the
tree-growing company, but didn't get into that business until two years
after the $84 in question. So we should have described the $84 as coming
from an "oil and gas" business in 2001, and will amend that in our earlier
article.



So, he got $84 from a holding company that owns part of a timber company,
and he wasn't aware of the particulars.
WOW!

"Clyde Slick" wrote in message
...

"Michael McKelvy" wrote in message
link.net...


Bush's Timber Company

Kerry: The president got $84 from a timber company that owns, and
he's counted as a small business. Dick Cheney's counted as a small
business. That's how they do things. That's just not right.

Bush: I own a timber company?

That's news to me.

(LAUGHTER)

Bush's Timber-Growing Company

Bush got a laugh when he scoffed at Kerry's contention that he had
received $84 from "a timber company." Said Bush, "I own a timber
company? That's news to me."

In fact, according to his 2003 financial disclosure form, Bush does own
part interest in "LSTF, LLC", a limited-liability company organized "for
the purpose of the production of trees for commercial sales." (See
"supporting documents" at right.)

So Bush was wrong to suggest that he doesn't have ownership of a timber
company. And Kerry was correct in saying that Bush's definition of "small
business" is so broad that Bush himself would have qualified as a "small
business" in 2001 by virtue of the $84 in business income.

Kerry got his information from an article we posted Sept. 23 stating
that Bush on his 2001 federal income-tax returns "reported $84 of
business income from his part ownership of a timber-growing enterprise."
We should clarify: the $84 in Schedule C income was from Bush's Lone Star
Trust, which is actually described on the 2001 income-tax returns as an
"oil and gas production" business. The Lone Star Trust now owns 50% of
the tree-growing company, but didn't get into that business until two
years after the $84 in question. So we should have described the $84 as
coming from an "oil and gas" business in 2001, and will amend that in our
earlier article.



So, he got $84 from a holding company that owns part of a timber company,
and he wasn't aware of the particulars.
WOW!

Not a big deal to me. I can see how it could easily be forgotten.

The claims that Bush has lost jobs is altogether specious IMO since
Presidents don't have power to gain or lose jobs.

The same applies to any criticism of any aspect of the economy. Nothing
Presidents do has any real effect on inflation, hiring, firing, or funding
of any program. They can propose things, but Congress must vote the funds.

The claim about increasing the dependent deduction strikes me as another
non-issue. Sometimes people leave out words when speaking even if not in
front of millions of people and TV cameras. I'd bet that Bush simply left
out the word "to" $1000.00.

On Sat, 09 Oct 2004 17:19:25 GMT, "Michael McKelvy"
wrote:

Nothing
Presidents do has any real effect on inflation, hiring, firing, or funding
of any program.

Now there's a howler. Are you brain-dead?

"jak163" wrote in message
...
On Sat, 09 Oct 2004 17:19:25 GMT, "Michael McKelvy"
wrote:

Nothing
Presidents do has any real effect on inflation, hiring, firing, or funding
of any program.

Now there's a howler. Are you brain-dead?

I'll amend that to one thing, and that's who they pick as Fed Chief.

List any others you think apply.

On Wed, 13 Oct 2004 19:41:09 GMT, "Michael McKelvy"
wrote:


"jak163" wrote in message
.. .
On Sat, 09 Oct 2004 17:19:25 GMT, "Michael McKelvy"
wrote:

Nothing
Presidents do has any real effect on inflation, hiring, firing, or funding
of any program.

Now there's a howler. Are you brain-dead?

I'll amend that to one thing, and that's who they pick as Fed Chief.

List any others you think apply.

So, this means that when people complain about the rampant inflation
of the Carter administration, they really had no complaint against the
Carter Administration, right?

"dave weil" wrote in message
...
On Wed, 13 Oct 2004 19:41:09 GMT, "Michael McKelvy"
wrote:


"jak163" wrote in message
. ..
On Sat, 09 Oct 2004 17:19:25 GMT, "Michael McKelvy"
wrote:

Nothing
Presidents do has any real effect on inflation, hiring, firing, or
funding
of any program.

Now there's a howler. Are you brain-dead?

I'll amend that to one thing, and that's who they pick as Fed Chief.

List any others you think apply.

So, this means that when people complain about the rampant inflation
of the Carter administration, they really had no complaint against the
Carter Administration, right?

Haven't I been saying as much? It wasn't Carter, it was Congress, Carter
was just the idiot accomplice who signed the spending bills. I don't
remember who the Fed chairman was then, but I would say whoever it was,
bears a LOT OF RESPONSIBILITY.

"Clyde Slick" wrote in message
...


So, he got $84 from a holding company that owns part of a timber company,
and he wasn't aware of the particulars.
WOW!

That was Kerry's point. Bush tried to make a point about businesses would
have more taxes under Kerry's plan. Kerry said, yeah, like your lumber
business. In other words, Bush tried to make a big deal out of it. Then he
walked right into Kerry's trap, but proving Kerry's point for him. It WAS
no big deal. So small, Busy didn't even know he had that income, let alone
the meager $20 taxes on it, or whatever it would be.