Cap & Trade: Problem or Solution? – CNBC.com

Airtime: Tues. Mar. 3 2009 | 5:45 PM ET Jim Rogers, chairman and CEO of Duke Energy, and CNBC’s Larry Kudlow discuss whether a carbon cap and trade system is a solution or a problem.TAXES TAXES EVERYWHERE!!!

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March 3, 2009. Tags: , , , , , , , . Economy, Obama Administration, Politics, Taxes, Uncategorized, Wall St. Comments off.

Small Trading Tax, Big Impact? – CNBC.com

here’s an idea, let’s TAX ALL TRADES! OMG , clueless critters gone wild I am tellin ya’….it IS a war on equity holders and corporations..where do they think all the jobs will come from? government? okay but how long can we print money to pay the workers to pay us our own money back in taxes? hyperinflation?? Argentina?? Weimar Republic anyone?? gadzooks!

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March 3, 2009. Tags: , , , , , . Economy, Finance, Labor Department, Obama Administration, Politics, Taxes, Uncategorized, Wall St. 1 comment.

Gibbs on Wall St, CNBC and Jim Cramer…

Obama said stocks look like a long term buy today, stepping into the market in a way NO POTUS has EVER done. Then Gibbs gets snippy about CNBC…clueless is Gibbs..frakkin maroons..

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March 3, 2009. Tags: , , , , , , , . Economy, Obama Administration, Politics, Taxes, Uncategorized, Wall St. 1 comment.

WH Gone Wild: Transcript of Gibbs Q/A

From Jake Tapper:

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March 3, 2009. Tags: , , , , , , , , , , , , , , , , , , . Economy, Finance, Healthcare, Obama Administration, Politics, Taxes, Uncategorized, Wall St. 1 comment.

Video Update: Gibbs – Main St v Wall St, bashes CNBC…Obama: The stock market is like a political tracking poll..

One part of the Gibbs fiasco is up….more to come from Tapper I betcha…

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March 3, 2009. Tags: , , , , , , , , , , . Art, Economy, Film, Finance, Obama Administration, Politics, Popular Culture, Taxes, Uncategorized. 1 comment.

Geithner Opening Statement….

March 3, 2009
Timothy Geithner Opening Statement
House Ways & Means
Rangel (D-NY)

Courtesy of VoiceofAmericans2008

March 3, 2009. Tags: , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, TARP, Taxes, Uncategorized, Wall St. 1 comment.

Bernanke on AIG…

March 3, 2009. Tags: , , , , . Economy, Finance, Politics, Popular Culture, Uncategorized, Wall St. Comments off.

Economic Stimulus: Why states should think twice about accepting the money….AZ to raise taxes so it can accept stimulus funds?…the stimulus paradox of 2009…

Yep. This is why several Governors are considering rejecting some stimulus funds. By accepting the stimulus money for education and social services, the state must promise not to cut those areas not only NOW but LATER.

To keep that promise and not cut those areas once the federal money is gone the state must raise taxes someplace else to pay for all that new social spending….guess where?

Right.

Tucson Citizen:

The money in the federal stimulus package for Arizona is a decidedly mixed blessing. On one hand, it offers a boatload of money to relieve budget-cutting pressures. On the other, it paradoxically makes a tax increase more likely.

According to the Legislature’s budget staff, Arizona is eligible to receive approximately $4 billion in additional federal assistance. But just $1.7 billion is available to fill a $3 billion hole in next year’s general fund budget. And some of that will probably have to be used to fill a reappearing hole in this year’s budget, as revenues continue to plummet.

There are strings attached. For next year, the stimulus would provide $700 million in additional aid to state low-income health care programs, but only if the state doesn’t reduce eligibility….

…K-12 education, the universities and low-income health care are the three largest components of the state’s general fund budget, constituting two-thirds of all its spending.

By limiting the extent to which they could be cut, accepting stimulus funding would put even more pressure on the rest of the state’s programs….

Accepting the federal funds and agreeing to sharply limit cuts in these programs would mean that the one-third of the state budget not so protected would have to be cut roughly in half to achieve an honest balance without a tax increase. Highly unlikely.

Gov. Jan Brewer clearly has weak knees and has already been floating submitting a temporary tax increase to the voters.

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March 3, 2009. Tags: , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Uncategorized, Unemployment Statistics. 2 comments.

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