BREAKING UPDATE: Obama Budget: Capital Gains and Dividend Tax Increases go into Effect October 1 2009!!!

Kudlow breaking CNBC I have not seen or heard it anywhere else! Rise in capital gains and dividend tax as well as the changes to carried interest income, are going into effect THIS YEAR! WHA????? WTH?!?!?! IN THE MIDST OF THE DECESSION! (depression-recession)!!!! He MUST be trying to kill the market why the hell else would anyone do this? The Hill is a madhouse!!!

Kudlow reports changes go into effect OCTOBER 1, 2009, which is the beginning of our government FY10!!!!!! DAMN THEY ARE SLICK AND OUR SLEEPING MEDIA HANDMAIDENS TO TEH ONE SAY NARY A WORD!!!

This will ALSO hurt small business, since Team Obama generated their estimated ‘savings’ by pushing back the small business waiver of capital gains tax until a phase-in that does not begin until 2014!!!!!!!

WHERE ARE THE JOBS GOING TO COME FROM?!?!? Ask Congress before they pass this like TARP ONE and the Stimulus without reading it!

Spread the word! Call your Critters! This is crazy, this is GUARANTEED to kill any possible recovery in the markets, what the hell is Larry Summers doing???

Is the economic council lobotomized? Suffering from kool-aid poisoning? Cloned?! Are they Kodos and Kang in disguise? Cylons? Pod-people??

I heard SO MANY people during the primaries and later the election claiming Obama was a centrist Democrat like Big Dawg and Obama’s advisers were always touted as the evidence of that, i.e. Why would Volker and Summers and Jamie Dimon endorse him if he weren’t a capitalist?? yada yada yada

Seems the much vaunted Business Council led by Immelt and his innumerable titled economic councils chiefs advisers cooks valets whatever the hell he calls them are useless props.

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February 27, 2009. Tags: , , , , , , , , , , , , , , , , , , . Cabinet, Economy, Entertainment, Fantasy, Film, Glam Metal, Hair Bands, Horror, Music, Obama Administration, Politics, Popular Culture, Sci Fi, Uncategorized, Unemployment Statistics, Wall St. 3 comments.

TGIF!

Courtesy of  LucienLaCroix

This is a compilation of footage from both Battlestar Galactica and The Office, in which it is implied that Dwight Schrute is the infamous fifth Cylon. The footage from the Office is played to musical score “Precipice” from the Battlestar Galactica series. Fans of both series will get a kick out of this video.

February 27, 2009. Tags: , , , , , . Battlestar Galactica, BSG, Entertainment, Fantasy, Popular Culture, Sci Fi, Uncategorized. Comments off.

Update: Stimulus Package Unemployment Benefits – what states are already eligible without changes to UE law…plus GA update

Update on states as they review the Unemployment Strings and decide how much of the stimulus unemployment benefits to accept:

eGov monitor:

The unemployment insurance program gets its funds from federal and state employer payroll taxes, with states levying the biggest share. States administer the program, determining who is eligible and how much benefits will be.

19 states will soon receive a share of the $7 billion stimulus program designed to induce states to give more low-income workers unemployment benefits. Other suggested reforms in the act would provide benefits to part-time workers, those who leave jobs to take care of their families, and long-term workers who need retraining. The act also calls for higher benefits for workers with dependents.

To get at least one-third of their share of the $7 billion stimulus fund, states must count recent earnings in considering applicants. To get the rest, they have to adopt at least two of the other proposed reforms.

What states already qualify for the funds?

(more…)

February 27, 2009. Tags: , , , , , , , , , , , . Doo Wop, Economy, Entertainment, Finance, Music, Obama Administration, Politics, Popular Culture, Uncategorized, Unemployment Statistics. 6 comments.

YourGeekNews: Watchmen Preview

From Mat and Nat at YGN/BSGcast:

We’ve had our eye on this project for YEARS, literally, and we couldn’t have more anticipation and enthusiasm for this film if we tried. Mostly because we’ve been fans of the graphic novel for as long as we can remember, and the pressure couldn’t be higher for Snyder to deliver a truly great movie from the greatest graphic novel of all time.

So watch our 10-minute preview of Watchmen, complete with cast and crew interviews and LOTS of scenes from the movie, and hit up YourGeekNews.com to let us know what you think!

~Matt +Nat

February 27, 2009. Tags: , , , , , , , , , , . Art, BSG, Fantasy, Film, Popular Culture, Sci Fi, Uncategorized. 1 comment.

Update: Judd Gregg on Budget….Market Mover: 4Q GDP loss biggest drop since ’82…

wall_st_bear_smallFutures selling off, we should hit new lows on the DOW and the S & P:

CNBC:

The U.S. economy contracted more sharply than initially estimated in the fourth quarter, government data showed on Friday, as exports plunged and consumers cut spending by the most in over 28 years amid a severe recession.

The Commerce Department said gross domestic product, which measures the total output of goods and services within U.S. borders, fell at an annual rate of 6.2 percent in the October-December quarter, the deepest slide since the first quarter of 1982. The government last month estimated the drop in fourth-quarter GDP at 3.8 percent.

The weaker GDP estimate reflected downward revisions to inventories and exports by the department.

The decline was worse than analysts’ expectations for a 5.4 percent contraction in fourth-quarter GDP. The economy expanded 1.1 percent in 2008, the slowest pace since 2001, the department said.

Consumer spending, which accounts for more than two-thirds of domestic economic activity, dropped at a 4.3 percent rate, the biggest fall since the second quarter of 1980, as household wealth plunged. That compared with a 3.5 percent fall estimated last month.

Exports, until recently one of the few pillars supporting the distressed economy, tumbled at a 23.6 percent annual rate, the steepest plunge since 1971. That was revised from the 19.7 percent drop estimated in last month’s report.

February 27, 2009. Tags: , , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Uncategorized, Unemployment Statistics, Wall St. 3 comments.

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