Friday, April 30, 2010

From Russia w/Love, Springtime for Hitler and Germany!

 Washington Times
The next time you make a withdrawal from an automated teller machine, Treasury Secretary Timothy F. Geithner might be watching over your shoulder. Boosted by the sweeping, 1,400-page financial regulatory proposal currently making its way through the Senate, Mr. Geithner would have unprecedented, real-time access to a wealth of personal and corporate financial data - all in the name of protecting the public.
The legislation, sponsored by Senate banking committee Chairman Christopher J. Dodd, would create the innocuously named Office of Financial Research as a central repository for transaction-related records held by financial companies. According to proponents, "decision-makers" like Mr. Geithner need up-to-the-minute information to act in order to prevent what they refer to as another Wall Street meltdown. The proposed agency would also provide statistical analysis and research, purportedly to monitor systemic risk to the financial system.

Friday, April 23, 2010

NY Daily News Reports....


At the SEC, all they thought about was SEX.
The country's top financial watchdogs turned out to be horndogs who spent hours gawking at porn Web sites as the economy teetered on the brink, according to a memo released Thursday night.
The shocking findings include Securities and Exchange Commission senior staffers using government computers to browse for booty and an accountant who tried to access the raunchy sites 16,000 times in one month.

Obama's shell game!

A top Senate Republican on Thursday accused the administration of misleading taxpayers about General Motors' loan repayment, saying the struggling auto giant was only able to repay its bailout money by dipping into a separate pot of bailout money

Wednesday, April 21, 2010

Steve Wynn Critical of Obama

In a subsequent interview with Bloomberg News, Wynn was critical of the economic policies of President Barack Obama.

"The governmental policies in the United States of America are a damper, a wet blanket," Wynn said in a separate interview aired today on Bloomberg Television. "They retard investment, they retard job formation, they retard the creation of a better life for the citizens in spite of the rhetoric of the president."
Wynn said he was concentrating his efforts on Macau and would skip potential opportunities in Las Vegas.
I don't think the Las Vegas market at the moment beckons a large investment," Wynn said. "The economic outlook in the United States, the policies of this administration, which do not favor job formation, do not encourage investment at all."

Arianna Huffington finally sees the light!

Thursday, April 15, 2010

Here's to You..The Middle Class!

“Taxpayers earning less than $200,000 a year will pay roughly $3.9 billion more in taxes—in 2019 alone—due to healthcare reform, according to the Joint Committee on Taxation, Congress’s official scorekeeper.

The new law raises $15.2 billion over 10 years by limiting the medical expense deduction, a provision widely used by taxpayers who either have a serious illness or are older.
Taxpayers can currently deduct medical expenses in excess of 7.5 percent of their adjusted gross income. Starting in 2013, most taxpayers will only be able to deduct expenses greater than 10 percent of AGI. Older taxpayers are hit by this threshold increase in 2017.
Once the law is fully implemented in 2019, the JCT estimates the deduction limitation will affect 14.8 million taxpayers — 14.7 million of them will earn less than $200,000 a year. These taxpayers are single and joint filers, as well as heads of households.”

Friday, April 2, 2010

Fox News that Pesky Cable News Network

CABLE NEWS RACE

THURS., APRIL 1, 2010
FOXNEWS O'REILLY 2,981,000
FOXNEWS HANNITY 2,256,000
FOXNEWS PALIN 2,073,000
FOXNEWS BECK 2,014,000
FOXNEWS BAIER 1,877,000
FOXNEWS SHEP 1,658,000

MSNBC OLBERMANN 989,000
MSNBC MADDOW 950,000

CNN KING 839,000
CNN COOPER 820,000
CNNHN BEHAR 641,000