Most Counter-Productive Idea Evah?: AFL-CIO and Dems push for new tax on stock trades: 1/10% of each transaction
Every time I think it is safe to go back into the water markets, the SOOPERGENIUSES in Congress or the WH come up with a new economy killing agenda item of some sort. Remember that 70s movie where they try to rob the moneyball in the mall? The way these guys are mucking up the markets that may be a better investment plan, we would have more clarity going forward than we would investing under this Administration…
And all the ideas seem to involve spending and taxing. Under the anti business atmosphere of Team TOTUS this sort of thing is flourishing. And why are the AFL-CIO floating new tax plans?
I have no idea how anyone who has ever opened an American history book or has even passing knowledge of the Depression can suggest these capital killing, investment slaying, consumer scaring ideas:
The nation’s largest labor union and some allied Democrats are pushing a new tax that would hit big investment firms such as Goldman Sachs reaping billions of dollars in profits while the rest of the economy sputters.
The AFL-CIO, one of the Democratic Party’s most powerful allies, would like to assess a small tax — about a tenth of a percent — on every stock transaction.
And they still DO NOT GET the link between over taxation and reduction of cash flow to the Treasury:
There is also a growing realization among Obama administration officials and lawmakers that tax increases may be necessary to curb the ballooning federal deficit.
No STOPPING SPENDING would curb the damned ballooning deficit you yahoos!
The idea of taxing financial transactions has gained some support on Capitol Hill and among senior government officials in London, a major foreign financial center.
In Congress, Rep. Peter DeFazio (D-Ore.), chairman of the Highways and Transit Transportation Subcommittee, has seized on the idea as a way to help pay for a new massive surface transportation reauthorization bill, estimated to cost $450 billion over six years.
We had a 780 Billion dollar stimulus and they want a new tax to fund highway projects because they pixxed all that money away without giving anything to infrastructure.
Instead of taxing all stock transactions, as the AFL-CIO has contemplated, DeFazio wants to focus on oil-based derivatives.
At the end of July, shortly before the House broke for the August recess, DeFazio introduced legislation that would impose a 0.2 percent transaction tax on crude oil futures contracts. The legislation would tax the options for oil futures (in other words, the premium paid to have the option to buy a futures contract) at 0.5 percent.
Oh goody they want to frak up the energy markets ahead of winter heating season too! We can all look forward to that when they get back!
Jamey Johnson courtesy of bowhunterml
Update: Better video courtesy of iTunes whiz InLovewithSPN:
Audio transcript after the break:
Some peeps don’t get the deal! Can;t believe it, DIS has issues with the young boys, they have the girls, but the boys are into Marvel comic book heroes not Mickey, NOW they will have the means to keep boys too! So here are the Runaways, Where the Boys Are…..
Courtesy of CherieO
WSJ is live blogging the investors conf call now, see here
Scroll down for updates!
Oh the awesomeness is sooooo….awesome! My shares will rise High! The movies and theme parks will be better, stronger, faster, oops thats the Six Million Dollar Man but you get what I mean! Bob Iger you’re my hero!
Update 2: FD- I just bought more shares, so I am ‘talking my book’, lol!
Update: Details on the deal. I am soo excited, MiM wolds are colliding, in a fantastic way!
“Disney’s global reach can enhance what Marvel is already doing,” said Iger. “It was the perfect opportunity for Disney to buy an attractive property. It was a good price for them and us.”Under the deal, Disney will acquire ownership of 5,000 Marvel characters. Many of them, including favorites such as the Fantastic Four and the X-Men, were co-created by the comic book legend Stan Lee.
Disney said Marvel shareholders will receive $30 per share in cash, plus 0.745 Disney shares for every Marvel share they own. That values each Marvel share at $50 based on Friday’s closing stock prices…
Unreal. The new M.O. seems to be to disrupt OUR rallies, and prevent our voices from being heard at all at THEIR rallies.
Here an Obamabot harasses the patriots in NY and talks down to a WWII vet, then goes nutso on other patriots, like they always do when they have no facts, they resort to ad hominem attacks:
Courtesy of ProjectShiningCity
First they send someone into a Tucson Tea Party meeting to disrupt, and true to form he gets violent.
Courtesy of iamanoldfatman
More ACORN shenanigans: Then they stop any other voices from being heard at their union sponsored Pro Obamacare rallies, where they are suddenly concerned about Private Property Rights, HA! The same folks who are breaking and entering foreclosed homes don’t want private property rights infringed? BWAAAHAAA!!!
Courtesy of SharpElbowsStLouis
More of the awesome panelists who spoke at the Tucson Tea Party meeting and the Patriots marching in St Louis after the break:
Halloween montage created by hitmanyr2kHQ
Well! I am SOOOOOOOO glad Rob Zombie did not manage to kill the franchise. It should NOT have to go out with the dreck that is the H2 remake as its last hurrah.
I have read in several places that the Weinstein Co. is having some financial issues. I think ‘Halloween’ may have the lure of the Kavorka! No seriously though I guess that is why they are turning to tried and true box office like Scream and Halloween. Whatever it takes to let the franchise recover from being ‘Zombied’, I am all for it!
Further establishing a trend for 3-D genre pictures of a kind not seen since the 1950s, Weinstein Co. co-Chairman Bob Weinstein has announced that the next movie in the rebooted Halloween franchise will be Halloween 3D, according to the Los Angeles Times.
Okay good news is Zombie is not involved, bad news is Zombie is going after another classic the Blob, Why? Why you do this to me Demme Zombie? The Devil’s Rejects, although not my kind of film, was clearly what he wants to do, so why keep reworking old horror/scifi and pixxing people off? Ahh maybe THAT is why, he LIKES to pixx people off and maybe doesnt get enough juice from the originals? Nah, more likely it is that dopey producers will not underwrite anything without it being YARM today….
Recall the Kevin Dillon The Blob YARM in the 80s? I mean when you are YARMING YARM you really are scraping the bottom of the barrel creatively aren’t you?
Vice-President Cheney this weekend:
Part 3 of the interview after the break:
…according to Kristin Bauer, Pam’s coming back from a brief on-screen hiatus with a bang! Or more specifically with bangs because she is totally eighties’d out this Sunday! Her return also signals the resurgence of the Lafayette/V storyline that has vexed many fans and caught Bill’s eye.
But as the show hurtles toward its season finale (on Sept 13), Kristin has some intriguing details about what fans can expect not only in the last two episodes, but on the DVD special features. It turns out there’s a lot more to Pam than meets the eye!
PopWrap: Where’d Pam go?!?
Kristin Bauer: I know, but she’s back on Sunday! And her outfit will definitely make up for the absence. It’s the most hilarious, incredible thing I’ve ever seen! Audrey Fisher ["TB's" costumer designer] had it made special and there are just so many sequins. It’s totally 80s.
PW: Does she reappear because Eric’s back from Dallas?
Kristin: Yeah, she’s reconnecting with Eric, back at his side, being a henchwoman. She’s been keeping Fangtasia running.
PW: Do you think she’s a better or worse boss than Eric?
Kristin: Worse, I think. I just go back to that scene where she asks, “Can I kick him?” Pam just doesn’t really think of the big picture. I think out of everybody, she loves being a vampire the most.
PW: I love Pam and Eric’s relationship on the show. Have you guys talked about their history together?
Kristin: It’s funny, Alexander [Skarsgård] and I would joke that the first 100 years between them were really passionate … but it’s faded to a friendship over time. Truthfully, we really didn’t know, but I just recorded the special features for the season two Blu-ray DVD and it’s like 34 pages of Pam talking about everyone in town. PW: Kind like the Lafayette videos on the season one DVD?
Kristin: Exactly. It turned out to be incredibly insightful because I got all my questions answered. She was turned by Eric 100 years ago but released, so she’s no longer bound to him but she’s so in love and couldn’t be more loyal. Whatever he says, she will do.
Courtesy of smeagol2
PW: What else did you learn about Pam from recording the videos?
Kristin: Before being turned she was living with her wealthy and very provincial parents. She says, “Small men were lining up for me to be auctioned off to, and then this big viking showed up and split my world apart … and Eric likes to joke that my legs did too.”
PW: That’s amazing — it’s nice to learn more about “True Blood’s” periphery characters.
MORE AFTER THE BREAK