Comments on: H.R. 3997 to be voted on by Senate tonight

By: bosco

bosco — Thu, 02 Oct 2008 00:02:56 +0000

Quite…

By: bile

bile — Wed, 01 Oct 2008 20:54:12 +0000

Class war huh? Indeed.

By: bosco

bosco — Wed, 01 Oct 2008 20:01:24 +0000

Nothing like a little economic strife to highlight the constant class war.

By: Slimy senators don’t only use a tax reduction to entice H.R. 3997 passage but threat of a tax increase | blog of bile

Wed, 01 Oct 2008 19:15:16 +0000

[...] I reported earlier on the some of the changes made to the House amendments by the Senate. Unfortunately the only way to find out is through piecing together random news articles as at last I checked the actual bill to be voted on was not publicly available. So… I hadn’t seen that the AMT was part of this supposed tax reduction. We’ve all have heard the horrors of the AMT and yet Congress has been unable to do anything about it until now? It’s not even a carrot for passage, as a real tax reduction would be, but the promise not to use the stick… as hard. Another example where government regulation has lead to an unforeseen problem that would simply not have existed in any sort of resemblance of a free market. Now they are trying to sweeten this poison bill with it. Getting rid of the AMT is a great idea… but not on the back of one of the most egregious corporatist bills to come our way in a generation. [...]

By: beetlbumjl

beetlbumjl — Wed, 01 Oct 2008 15:40:10 +0000

Hot and up coming property east of Shanghai. The Treasury could get in on the ground floor of this opportunity, bile. Um, assuming there is a floor in the building that is.

By: bile

bile — Wed, 01 Oct 2008 14:22:32 +0000

Right. I had read that Royal Bank of Ireland or something was going to be a large seller of assets. Given that much of these were sold all over the world it’s not surprising. This bailout is for Wall St. Wall Street is international. Europe, Russia, China, Japan, etc. all have huge investments in US assets.

Lautenberg is up for reelection. According to Wikipedia he’s the least liked of those up for reelection. Dick Zimmer is an idiot and I won’t vote for him but I’ve told Lautenberg he definitely wont get my support or vote if he supports the bill.

I heard about Kerry’s bitching and O’Reilly’s scolding. Representative democracy, right.

By: beetlbumjl

beetlbumjl — Wed, 01 Oct 2008 13:03:42 +0000

Via tickerguy, apparently the “troubled assets” are not required to even be originated or existing within the United States. Perhaps our government can purchase ownership of landmarks around the work and pay for it by selling naming rights. I can see it now, the Timex Big Ben Tower. Or the Clearchannel Eiffel Tower.

Senator Kerry received an angry e-mail last night after I watched him disregard taxpayer complaints on O’Reilly (albeit a little more gracefully than Rep Gary Miller. I have never donated to a political cause, but I let him know that I have Jeff Beatty’s information and checkbook at hand.