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.

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.

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