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.

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.

Obama Budget: Suprise! That Small Business Tax Cut on capital gains doesn’t kick in until …2014!!

Good Grief. This was the centerpiece of the last Presidential debate, a broken promise by Team Obama..

Ben Smith:

Obama’s budget plan closes the deficit in part by postponing a promised tax cut well into his second term. (MiM here: getting ahead of yourself there Ben!)

The focus on tax cuts was central to Obama’s campaign against John McCain, and his surprising strength in polls on the question of taxes.

One of those promised cuts — the second bullet point in his campaign economic planwas a pledge to “eliminate all capital gains taxes on startup and small businesses to encourage innovation and job creation.”

That cut has been deferred, a Republican source notes: The elimination only begins phasing in, according to the budget overview (page 122) in 2014, well into Obama’s second term.

February 26, 2009. Tags: , , , , , , , . Economy, Finance, Music, Obama Administration, Politics, Uncategorized. 1 comment.

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