Obama's Proposal To Tax Wall St. Has Their CEOs Pleading With Legislators.
Obama's tax proposal has disturbed Wall Street so much, according to this New York Times story, that the CEOs are going over the heads of their own lobbyists to plead their case directly with senators. (Perhaps even lobbyists draw the line at outright bribes?) This was my favorite sentence in the entire story: "The big banks, the lobbyists say, have become increasingly alarmed that the legislative process may move in unexpected directions outside their control."
Heh. We can only hope so:
WASHINGTON — President Obama’s proposals to tax and curb the activities of Wall Street have thrown an unpredictable element into the debate over financial regulatory reform. They also have touched off an intensive new round of lobbying and raised questions in Congress over whether his plan will add urgency or merely bog things down.
For two months, four pairs of Senate Banking Committee members — each with one Democrat and one Republican — have been meeting behind closed doors to reach a bipartisan compromise on regulatory reform. The House already adopted its version, largely along partisan lines, in December.
The new White House approach has already prompted the Senate panel, led by Senator Christopher J. Dodd, Democrat of Connecticut, to interrupt those negotiations. On Tuesday, in the first of several hearings on Mr. Obama’s proposals, the committee will hear from Paul A. Volcker, a former Federal Reserve chairman, and the deputy Treasury secretary, Neal S. Wolin.
If Obama taxes health care
Will doctors claim
He's taxing their patients?
Diabolus est Deus Inversus
:(
Think Jay Leno will buy it?
Diabolus est Deus Inversus
But I betcha Groucho Marx would have.
http://www.finfacts.ie/groucho.htm
http://www.youtube.com/watch?v=raplvZFysjU
Diabolus est Deus Inversus
groan!
________________
common sense matters as much as truth
of course, none of the teeming unwashed -- a.k.a., a citizen -- can pick up the phone and SPEAK to a US senator. Who says the Congress represents the people? . . . Oh, yeah, the constitution. Silly me.
"Secular humanism -- a fearless, realistic world view replete with doubt and scepticism that attempts to attain an unachievable state of equilibrium between and among the human qualities of reason, intuition, imagination, memory, ethics and common sense.
to ask for a contribution, of course they will take the opportunity to speak their mind.
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
At last, economists that are not following Freidman's religion
Jewish?
Diabolus est Deus Inversus
http://www.youtube.com/watch?v=7KHXm3ZFLr4
Diabolus est Deus Inversus
are the proposed "firewalls" between the investment functions and the commercial functions in the big banks enough? can the investment and commercial aspects still be part of the same larger structure/bank, and will the "firewall" be enough of a protection, without getting back to the tried-and-true glass-steagall act? this volcker proposal is a move in the right direction, but is it enough?
Wall st, banks, big insurance and the U.S. Treasury are all one big happy family.
audit-prosecute-incarcerate
figured out!
________________
common sense matters as much as truth
The "outside their control" quote. That should be worked into every Obama sound bite for the next month. Make sure every man, woman, and child knows the banks have been in control and are scared of regulation.
Fuckin' A.
That's as clear a message as can be. "Shit! We're not in charge of the U.S. government any more! Boo hoo us!"
"But I wanted to buy a yacht this year!! Lieberman promised we'd get more bonuses! He prommmmised!!!"
God forbid they have to live on wages other than abject wealth.
What I don't understand is why these guys are so stupid as to thumb their nose at an angry populace by engorging themselves with taxpayer money like they have. The smart thing would have been to adjust their behavior just a little so as to appear trustworthy enough not to require re-regulation. Instead, they seem intent on showing everyone exactly why the regulations exist: they are greedy and evil to a fault, even when the outcome of such brazenly antagonistic attitudes towards the lower classes (Dead Peasants anyone?) stands to significantly erode their political capital.
No wonder they're going after the Constitution at the Supreme Court level. That pesky populace. Better deal with us before we go and do something like tax the @#*! out of their bonuses.
won't even begin to fix what is wrong with the corrupt financial system. (but it's better than nothing)
Wall st's little hissy fit is just a bunch of posturing to make Obama look good to the "little people"
audit-prosecute-incarcerate
future Wall Street Master's of the universe loved to participate in school plays.
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
I think Greenspan and Burnbanke were Chosen "when they were little children" for their surnames.
...for some reason I think it is no co-incidence that when Greenspan was Fed chair...American GREEN SPANned the globe as a world currency...
...like wise when Burnbanke entered the picture...banks crashed and burned.
Co-incidence?...I don't think so!
audit-prosecute-incarcerate
perhaps.
________________
common sense matters as much as truth
We need at some point to recognize that there's greed, and then there's obsessive-compulsive disorder manifesting around the collection of cash. These guys are like the crazy cat lady, only with money. When does avarice become mental illness?
"The Good and Great Must Ever Shun, That Reckless and Abandoned One
Who Stoops to Perpetrate a Pun," Lewis Carroll, 'The Three Voices.'
Sometimes the burden of doing God's work requires the chosen to show the masses the callouses acquired from this herculean effort.
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
I'm not gonna lie.
I wish I was a lobbyist.
In that case
You'd be a pretty poor lobbyist.
Diabolus est Deus Inversus
End the *need* for "bipartisan compromise" !!
Kick the Obstructionists to the curb ..
Democracy is too important to be entrusted to politicians.
Rise Up!
Protest!
The Republican way or nothing at all. Just stop it. People don't turn to Republicans because they like their policies, people turn to Republicans because they admire their spines.
Barack Obama: Change we can only imagine
No Banker Left Behind.
"Anyone that makes less than $150K in this country, has no business voting Republican."
Germany to Buy Stolen Swiss Bank Data, Schaeuble Says
Democracy is too important to be entrusted to politicians.
Rise Up!
Protest!
And there you have it folks. You no longer live in a free country. Maybe you never did.
The whole religious complexion of the modern world is due to the absence from Jerusalem of a Lunatic Asylum. -Havelock Ellis
and the ass he rode in on.
________________
common sense matters as much as truth
I think Obama is right in doing so Sensex
Counter Tops
Filling the pols' coffers with big bucks is now called "pleading"? Who knew.
You should tax the people that have the money. That is not the people on the bottom they don't have it!
The ones on wallstreet have been robbing the little man for years.
Wallstreet has turned out to be nothing but a ponzi scheme any way. Who decided it was unfair to tax people that don't work for a living?
How do you achieve the special status of do nothing for lots of money and pay no taxes?
I thought that Jesus said of those that have much, much should be expected?
How did we make it to republachristians that think they should have it all and not have to share?
What happened to the intelligence and caring of the human creature?
How does being a republachristian change everything?
How come they cannot see how wrong they are?
Or is it that they just don't care and are only christian in name?
The only answer I can come up with is: republicanism/conservatism is a mental illness!
that money can buy.
We have the worst government money can buy.
If these Wall Street weasels can spend millions bribing politicians to avoid paying taxes, then they can definitely afford to pay millions more in taxes!
Rush Limbaugh is what a smart person thinks a stupid bigot sounds like.
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