Meet Olga Stefou, a Perfect Symbol of Greece’s Downfall « International Liberty
The Los Angeles Times has a story that provides an inside look at the attitudes that have contributed to Greece’s fiscal collapse.
Let’s start with Olga Stefou, who is a good (or bad) symbol for her nation’s downfall.
She protests in favor of bigger government, naively asserting that the budget shortfall can be solved by pulling 122 troops out of Afghanistan and taxing the Orthodox Church.
Olga’s entitlement mentality is not unusual.
The story also notes that young Greek women think a government job is the most desirable thing in a potential mate. At the risk of being politically incorrect, the people of Greece (at least the ones in the moocher class) deserve a miserable future.
Important stuff you won't get from the liberal media! We do the surfing so you can be informed AND have a life!
Sunday, September 25, 2011
Organizers raising money for 'Snurfer' statue expected to go in downtown Muskegon next spring
Organizers raising money for 'Snurfer' statue expected to go in downtown Muskegon next spring MLive.com: The piece has a price tag of about $50,000, with $35,000 already committed by local individuals, businesses and organizations.
Organizers hope to have the remaining $15,000 raised by mid-October.
That's enough to cover the cost of raw materials, contracting with the artist and mounting and shipping the sculpture.
Contributors giving $1,000 or more will get a commemorative plaque on the statue's platform.
Wow!
A nifty new statue from the deep pockets of our betters!
Waaay better for our city than ....say....a functioning school system.
Wait til the unwashed see the Snurfer........land rush to Muskegon!
Organizers hope to have the remaining $15,000 raised by mid-October.
That's enough to cover the cost of raw materials, contracting with the artist and mounting and shipping the sculpture.
Contributors giving $1,000 or more will get a commemorative plaque on the statue's platform.
Wow!
A nifty new statue from the deep pockets of our betters!
Waaay better for our city than ....say....a functioning school system.
Wait til the unwashed see the Snurfer........land rush to Muskegon!
EPA To Shut Down 20% of Coal Plants in 2012
EPA To Shut Down 20% of Coal Plants in 2012 - Helen Whalen Cohen
"Obama's EPA Cues 130 Billion Race to Cut Pollution By 2015", she reports that the EPA will shut down 20 percent of coal plants through the Cross-State Air Pollution Rule.
"Obama's EPA Cues 130 Billion Race to Cut Pollution By 2015", she reports that the EPA will shut down 20 percent of coal plants through the Cross-State Air Pollution Rule.
Problems For The President: Americans Give Him Lowest Approval Rating Ever
Problems For The President: Americans Give Him Lowest Approval Rating Ever YouGov US Opinion Center
57% believes most of what he says is what he wants people to hear, and not what he really believes.
That is one point short of the highest percentage recorded on this question in this poll.
57% believes most of what he says is what he wants people to hear, and not what he really believes.
That is one point short of the highest percentage recorded on this question in this poll.
Saturday, September 24, 2011
The Latest Ugly Truth About Pakistan
The Latest Ugly Truth About Pakistan - NYTimes.com
Pakistan’s spy agency — Inter-Services Intelligence — played a direct role in supporting insurgents who attacked the American Embassy in Kabul last week, killing 16 people.
He also said that with ISI support, the Haqqani network of terrorists planned and conducted an earlier truck bombing on a NATO outpost that killed 5 people and wounded 77 coalition troops, and other recent attacks.
Pakistan’s spy agency — Inter-Services Intelligence — played a direct role in supporting insurgents who attacked the American Embassy in Kabul last week, killing 16 people.
He also said that with ISI support, the Haqqani network of terrorists planned and conducted an earlier truck bombing on a NATO outpost that killed 5 people and wounded 77 coalition troops, and other recent attacks.
Mrs. Warren’s profession, cont’d
Mrs. Warren’s profession, cont’d Power Line
President Obama operates on a different philosophy of government from that of the Founders.
His credo is reflected in the proposition: “I think at some point you have made enough money.”
The Founders thought that at some point the government had enough power.
Obama, however, is a devout believer in unlimited government.
President Obama operates on a different philosophy of government from that of the Founders.
His credo is reflected in the proposition: “I think at some point you have made enough money.”
The Founders thought that at some point the government had enough power.
Obama, however, is a devout believer in unlimited government.
Five Myths About Millionaires
Instapundit » Blog Archive »
WASHINGTON POST:
Five Myths About Millionaires.
Including this one: “In a speech on Monday, Obama said raising taxes on millionaires isn’t class warfare, but ‘math.’
His math may be off: According to the IRS, those with adjusted gross incomes of more than $1 million paid an average of 23.3 percent in federal income taxes in 2008; those earning between $100,000 and $200,000 paid 12.7 percent; and those earning between $50,000 and $100,000 paid 8.9 percent.
Half of American families don’t make enough money to pay income taxes at all.”
And that’s the real problem.
Everyone should have skin in the game.
UPDATE: A couple of readers suggest that payroll taxes provide the necessary skin.
Well, yes and no.
On the one hand, payroll taxes for Social Security, etc., are allegedly more like insurance premiums — and they’re not paid by those who aren’t working, or who are working under the table.
On the other hand, the fact that we’re currently enjoying a payroll-tax reduction that will be politically hard to eliminate suggests that where more people have a stake, there’s more pressure for lower taxes.
Want to bet that if everyone paid income taxes, and if, as I’ve suggested before, the amount always went up when federal spending went up, we’d see a lot more resistance to increased federal spending?
WASHINGTON POST:
Five Myths About Millionaires.
Including this one: “In a speech on Monday, Obama said raising taxes on millionaires isn’t class warfare, but ‘math.’
His math may be off: According to the IRS, those with adjusted gross incomes of more than $1 million paid an average of 23.3 percent in federal income taxes in 2008; those earning between $100,000 and $200,000 paid 12.7 percent; and those earning between $50,000 and $100,000 paid 8.9 percent.
Half of American families don’t make enough money to pay income taxes at all.”
And that’s the real problem.
Everyone should have skin in the game.
UPDATE: A couple of readers suggest that payroll taxes provide the necessary skin.
Well, yes and no.
On the one hand, payroll taxes for Social Security, etc., are allegedly more like insurance premiums — and they’re not paid by those who aren’t working, or who are working under the table.
On the other hand, the fact that we’re currently enjoying a payroll-tax reduction that will be politically hard to eliminate suggests that where more people have a stake, there’s more pressure for lower taxes.
Want to bet that if everyone paid income taxes, and if, as I’ve suggested before, the amount always went up when federal spending went up, we’d see a lot more resistance to increased federal spending?
Why not pay back taxpayers first?
Why not pay back taxpayers first? « » Print The Daily Caller
The $15 billion aside, if GM is so profitable it can afford to give its new hires a raise and all its UAW workers plush health benefits and a big bonus, that’s great.
But why do I fear the economic assumptions underlying these numbers will prove to be unrealistic?
......Plus the whole new car market may be shrinking as the economy stalls.
The $15 billion aside, if GM is so profitable it can afford to give its new hires a raise and all its UAW workers plush health benefits and a big bonus, that’s great.
But why do I fear the economic assumptions underlying these numbers will prove to be unrealistic?
......Plus the whole new car market may be shrinking as the economy stalls.
Chart of the Day: 15-Yr. Fixed Rates at Record Low
CARPE DIEM: Chart of the Day: 15-Yr. Fixed Rates at Record Low
The 15-year fixed mortgage rate fell to a new all-time low this week of 3.29%, according to Freddie Mac.
Imagine what housing sales would be without these record setting low mortgage rates.
The situation is worse than it seems.
The 15-year fixed mortgage rate fell to a new all-time low this week of 3.29%, according to Freddie Mac.
Imagine what housing sales would be without these record setting low mortgage rates.
The situation is worse than it seems.
Global Warming: the Guilty Men
Global Warming: the Guilty Men – Telegraph Blogs
They foresaw with lucid, prophetic accuracy exactly how and why the euro would bring with it financial devastation and social collapse.
They foresaw with lucid, prophetic accuracy exactly how and why the euro would bring with it financial devastation and social collapse.
» The AFL-CIO Defends Union Violence As A ‘Legitimate’ Union Activity
» The AFL-CIO Defends Union Violence As A ‘Legitimate’ Union Activity… - Big Government
Forget for a moment that a man was stabbed in the throat, hot coffee thrown on non-union workers, sand put into gas tanks and a woman threatened with sexual assault.
Forget the fact that the judge presiding over the federal racketeering case against Operating Engineers, Local 22, in Buffalo, NY ultimately rejected the AFL-CIO’s attempt to file a amicus brief, the sheer fact that the national AFL-CIO even attempted to intervene speaks volumes:
“We’re not condoning the allegations or arguing that union officials are completely immune from prosecution,” said Jonathan D. Newman, a lawyer for the AFL-CIO.
“Instead, we simply want to make sure that the [federal law] is not interpreted in a way that could have a chilling effect on legitimate union activity.”
Forget for a moment that a man was stabbed in the throat, hot coffee thrown on non-union workers, sand put into gas tanks and a woman threatened with sexual assault.
Forget the fact that the judge presiding over the federal racketeering case against Operating Engineers, Local 22, in Buffalo, NY ultimately rejected the AFL-CIO’s attempt to file a amicus brief, the sheer fact that the national AFL-CIO even attempted to intervene speaks volumes:
“We’re not condoning the allegations or arguing that union officials are completely immune from prosecution,” said Jonathan D. Newman, a lawyer for the AFL-CIO.
“Instead, we simply want to make sure that the [federal law] is not interpreted in a way that could have a chilling effect on legitimate union activity.”
Investing in a Downturn: A History Lesson
Investing in a Downturn: A History Lesson
If plans continue to anticipate a blended return of 7 or 8 percent but receive far less in the coming decade, their funding ratios will deteriorate even further, and employer costs will continue to skyrocket
A damn expensive skyrocket for the taxpayers, their kids and generations of unborn children.
Disgusting!
If plans continue to anticipate a blended return of 7 or 8 percent but receive far less in the coming decade, their funding ratios will deteriorate even further, and employer costs will continue to skyrocket
A damn expensive skyrocket for the taxpayers, their kids and generations of unborn children.
Disgusting!
Government Loans to Nowhere
Michelle Malkin » Government Loans to Nowhere
Little noticed in the White House jobs-for-cronies proposal is a provision creating yet another corruption-friendly “government corporation” that would dole out public infrastructure loans and loan guarantees.
Because, you know, the government-chartered, political hack-stacked Fannie Mae and Freddie Mac “public-private partnerships” — which have incurred an estimated $400 billion in losses while enriching bipartisan Beltway operatives — worked out so well for American taxpayers.
The new monstrosity, dubbed the “American Infrastructure Financing Authority” (AIFA), would “provide direct loans and loan guarantees to facilitate investment in economically viable infrastructure projects of regional or national significance,” according to the White House plan.
President Obama would have the power to appoint AIFA’s chief executive officer and a seven-member board of directors.
No doubt the nominees would include the likes of AFL-CIO Chief Richard Trumka on the left and the U.S. Chamber of Commerce on the right — strange Obama bedfellows who have formed a Big Labor-Big Business-Big Government alliance supporting Obama’s infrastructure slush fund.
Little noticed in the White House jobs-for-cronies proposal is a provision creating yet another corruption-friendly “government corporation” that would dole out public infrastructure loans and loan guarantees.
Because, you know, the government-chartered, political hack-stacked Fannie Mae and Freddie Mac “public-private partnerships” — which have incurred an estimated $400 billion in losses while enriching bipartisan Beltway operatives — worked out so well for American taxpayers.
The new monstrosity, dubbed the “American Infrastructure Financing Authority” (AIFA), would “provide direct loans and loan guarantees to facilitate investment in economically viable infrastructure projects of regional or national significance,” according to the White House plan.
President Obama would have the power to appoint AIFA’s chief executive officer and a seven-member board of directors.
No doubt the nominees would include the likes of AFL-CIO Chief Richard Trumka on the left and the U.S. Chamber of Commerce on the right — strange Obama bedfellows who have formed a Big Labor-Big Business-Big Government alliance supporting Obama’s infrastructure slush fund.
The Power of Flat Out Lie
The Power of Flat Out Lies Mother Jones
Not to put too fine a point on it, but this is a real problem for liberals.
Sure, we cherry-pick evidence, we spin world events, and we impose our worldview when we talk about policy.
Everyone does that.
But generally speaking, our opinion leaders don't go on national TV, look straight into the camera, and just outright lie about stuff.
A scary look into the mind of the madness of the left....
Not to put too fine a point on it, but this is a real problem for liberals.
Sure, we cherry-pick evidence, we spin world events, and we impose our worldview when we talk about policy.
Everyone does that.
But generally speaking, our opinion leaders don't go on national TV, look straight into the camera, and just outright lie about stuff.
A scary look into the mind of the madness of the left....
State Lawmakers Pump Up Pensions in ways YOU Can't
State Lawmakers Pump Up Pensions in ways YOU Can't
Most pensions for state legislators are based on three numbers
This is really sick.
And they get away with it because we don't seem to care enough to call them out on it.
Let's get moving folks!
Most pensions for state legislators are based on three numbers
This is really sick.
And they get away with it because we don't seem to care enough to call them out on it.
Let's get moving folks!
Money for Nothing: Phoenix taxpayers foot the bill for union work
Money for Nothing: Phoenix taxpayers foot the bill for union work Goldwater Institute
Phoenix taxpayers spend millions of dollars to pay full salary and benefits for city employees to work exclusively for labor unions, a Goldwater Institute investigation found.
Collective bargaining agreements with seven labor organizations require the city to pay union officers and provide members with thousands of additional hours to conduct union business instead of doing their government jobs.
The total cost to Phoenix taxpayers is about $3.7 million per year, based on payroll records supplied by the city. In all, more than 73,000 hours of annual release time for city workers to conduct union business at taxpayers’ expense are permitted in the agreements.
This is incredible!
Phoenix taxpayers spend millions of dollars to pay full salary and benefits for city employees to work exclusively for labor unions, a Goldwater Institute investigation found.
Collective bargaining agreements with seven labor organizations require the city to pay union officers and provide members with thousands of additional hours to conduct union business instead of doing their government jobs.
The total cost to Phoenix taxpayers is about $3.7 million per year, based on payroll records supplied by the city. In all, more than 73,000 hours of annual release time for city workers to conduct union business at taxpayers’ expense are permitted in the agreements.
This is incredible!
Hallmark unveils "layoff cards" for the unemployed
Hallmark unveils "layoff cards" for the unemployed - 13 WTHR
Now, there's "hope and change" you really can believe in!
Now, there's "hope and change" you really can believe in!
'Canceling all liberty': Michigan LST Association says farewell aboard LST 393 in Muskegon
'Canceling all liberty': Michigan LST Association says farewell aboard LST 393 in Muskegon MLive.com
The organization - which once boasted 300 members, all of whom served aboard LSTs like the old warship, USS LST 393, docked in Muskegon - is preparing to disband.
Farewell and God speed you American heroes.
The organization - which once boasted 300 members, all of whom served aboard LSTs like the old warship, USS LST 393, docked in Muskegon - is preparing to disband.
Farewell and God speed you American heroes.
The Gaffe that Time Forgot: Lincoln’s Intercontinental Railroad
The Gaffe that Time Forgot: Lincoln’s Intercontinental Railroad Verum Serum
Is this a big deal?
Of course not.
It’s obvious the President stumbled, probably thinking of our modern interstate road system and transposed that onto the transcontinental railroad. But if Sarah Palin or Michele Bachmann had said this, you can bet there would be lots of people pointing out what an embarrassing historical gaffe it was.
Paul Revere’s ride and John Quincy Adams are the most recent examples of this trend.
Those gaffes were national news.
The intercontinental railroad was not.
People misspeak.
Sometimes they say things that are wrong.
The difference is, the right doesn’t capitalize on every one of these and try to form a narrative around them about the stupidity of, say Barack Obama.
The left can’t seem to help itself, especially when it comes to conservative women.
Addendum: Thanks to Instapundit for the link.
Just wanted to point out he’s made this same gaffe quite a few times http://www.verumserum.com/?p=26824 .
Is this a big deal?
Of course not.
It’s obvious the President stumbled, probably thinking of our modern interstate road system and transposed that onto the transcontinental railroad. But if Sarah Palin or Michele Bachmann had said this, you can bet there would be lots of people pointing out what an embarrassing historical gaffe it was.
Paul Revere’s ride and John Quincy Adams are the most recent examples of this trend.
Those gaffes were national news.
The intercontinental railroad was not.
People misspeak.
Sometimes they say things that are wrong.
The difference is, the right doesn’t capitalize on every one of these and try to form a narrative around them about the stupidity of, say Barack Obama.
The left can’t seem to help itself, especially when it comes to conservative women.
Addendum: Thanks to Instapundit for the link.
Just wanted to point out he’s made this same gaffe quite a few times http://www.verumserum.com/?p=26824 .
Elizabeth Warren's campaign revises pay from TARP panel
Elizabeth Warren's campaign revises pay from TARP panel - Scott Wong and John Bresnahan - POLITICO.com
The campaign for Democratic Senate hopeful Elizabeth Warren said Friday she had been paid $192,722 for serving as chairman of a congressional committee that monitored the 2008 federal bank bailout, three times as much as had originally been acknowledged.
Same gal who thinks no one gets rich on her own.
No liberals, that is.
The campaign for Democratic Senate hopeful Elizabeth Warren said Friday she had been paid $192,722 for serving as chairman of a congressional committee that monitored the 2008 federal bank bailout, three times as much as had originally been acknowledged.
Same gal who thinks no one gets rich on her own.
No liberals, that is.
Elizabeth Warren: "There Is Nobody In This Country Who Got Rich On His Own"
Elizabeth Warren: "There Is Nobody In This Country Who Got Rich On His Own" RealClearPolitics
“I hear all this, you know, ‘Well, this is class warfare, this is whatever.
No.
There is nobody in this country who got rich on his own — nobody," Elizabeth Warren (D-Massachusetts) said.
Warren is running for the Democratic nomination for U.S. Senate in Massachusetts.
Warren hopes to face off with Sen. Scott Brown (R-MA) in the general election.
This is exactly what most liberal believe.
Sad.
Frightening!
“I hear all this, you know, ‘Well, this is class warfare, this is whatever.
No.
There is nobody in this country who got rich on his own — nobody," Elizabeth Warren (D-Massachusetts) said.
Warren is running for the Democratic nomination for U.S. Senate in Massachusetts.
Warren hopes to face off with Sen. Scott Brown (R-MA) in the general election.
This is exactly what most liberal believe.
Sad.
Frightening!
Complacency Despite End Of World As We Know It
Complacency Despite End Of World As We Know It - Investors.com
Headline from CNBC: "Global Meltdown: Investors Are Dumping Nearly Everything."
I assumed "Nearly Everything" was the cute name of a bankrupt, worthless, planet-saving green-jobs start-up backed by Obama bundlers and funded with a gazillion dollars of stimulus payback.
But apparently it's "Nearly Everything" in the sense of the entire global economy.
Headline from CNBC: "Global Meltdown: Investors Are Dumping Nearly Everything."
I assumed "Nearly Everything" was the cute name of a bankrupt, worthless, planet-saving green-jobs start-up backed by Obama bundlers and funded with a gazillion dollars of stimulus payback.
But apparently it's "Nearly Everything" in the sense of the entire global economy.
Reforms Generate massive Savings
Reforms Generate massive Savings - 620 WTMJ - Milwaukee's Source for Local News and Weather
A detailed study by the MacIver Institute suggests potentially huge savings from Governor Walker's budget reform bill, perhaps as much as $622 million.
So, if you take the 494.95 per student savings from increased health insurance and pension payments, add in the $211.45 per student savings from school districts that shopped around for their health insurance, you come out to a potential savings of $706.40 per student.
$706.40 in potential savings per student x 881,886 students in Wisconsin = $622,964,270.40 in savings statewide.
.....Bottom line - the savings from increased contributions from teachers to pay for their own health insurance (12% required by Act 10) and pension (5.8% required by Act 10) benefits so far based on media reports around the state, 74 out of the 400 plus school districts in the state, is $162 million or $494.95 per student.
If you project out that average savings over the entire student population in Wisconsin (881,886 students statewide), you come to a potential savings of $448 million.
Just from health insurance and pension contributions.
With the added flexibility given in Act 10, school districts will be able to find other ways to save money.
A detailed study by the MacIver Institute suggests potentially huge savings from Governor Walker's budget reform bill, perhaps as much as $622 million.
So, if you take the 494.95 per student savings from increased health insurance and pension payments, add in the $211.45 per student savings from school districts that shopped around for their health insurance, you come out to a potential savings of $706.40 per student.
$706.40 in potential savings per student x 881,886 students in Wisconsin = $622,964,270.40 in savings statewide.
.....Bottom line - the savings from increased contributions from teachers to pay for their own health insurance (12% required by Act 10) and pension (5.8% required by Act 10) benefits so far based on media reports around the state, 74 out of the 400 plus school districts in the state, is $162 million or $494.95 per student.
If you project out that average savings over the entire student population in Wisconsin (881,886 students statewide), you come to a potential savings of $448 million.
Just from health insurance and pension contributions.
With the added flexibility given in Act 10, school districts will be able to find other ways to save money.
Sea Level: Another Thing The IPCC Got Wrong
Sea Level: Another Thing The IPCC Got Wrong JunkScience Sidebar
In its influential report the IPCC assumed that global sea level change during the past two thousand years up to the middle of the nineteenth century, was zero.
To my mind this is a puzzling statement.
Few parameters of our complex, changing world are actually zero.
If it is zero then it is in stark contrast to today’s rising seas, and if one was cynical one could deduce a political motive behind the IPCC’s sweeping statement.
Whatever the motivation it is obvious that looking at sea level change over the past two thousand years is essential to put today’s changes into context.
In its influential report the IPCC assumed that global sea level change during the past two thousand years up to the middle of the nineteenth century, was zero.
To my mind this is a puzzling statement.
Few parameters of our complex, changing world are actually zero.
If it is zero then it is in stark contrast to today’s rising seas, and if one was cynical one could deduce a political motive behind the IPCC’s sweeping statement.
Whatever the motivation it is obvious that looking at sea level change over the past two thousand years is essential to put today’s changes into context.
Friday, September 23, 2011
Chris Christie Reconsidering 2012 Run, Will Decide in Days
Chris Christie Reconsidering 2012 Run, Will Decide in Days
New Jersey Gov. Chris Christie is reconsidering his decision not to enter the 2012 presidential race — and he says he will let top Republican donors know within days about his plans, Newsmax has learned.!!!!!!!!!!!!!!!!!!!
New Jersey Gov. Chris Christie is reconsidering his decision not to enter the 2012 presidential race — and he says he will let top Republican donors know within days about his plans, Newsmax has learned.!!!!!!!!!!!!!!!!!!!
Meanwhile Things Are About To Get A Whole Lot Worse In Spain
Meanwhile Things Are About To Get A Whole Lot Worse In Spain
For example, the Bank of Spain took over (and operates) Caja del Mediterraneo (CAM) that has a delinquency rate greater than 40%.
The BoS wants to auction it off, but there does not seem to be any interested parties.
For example, the Bank of Spain took over (and operates) Caja del Mediterraneo (CAM) that has a delinquency rate greater than 40%.
The BoS wants to auction it off, but there does not seem to be any interested parties.
The President’s New Spending Plan, By the Numbers
The President’s New Spending Plan, By the Numbers Power Line
BarryO is a very poor liar.
And it seems everyone gets it by BarryO.
BarryO is a very poor liar.
And it seems everyone gets it by BarryO.
New gaffe: Obama hails America's historic building of 'the Intercontinental Railroad'
New gaffe: Obama hails America's historic building of 'the Intercontinental Railroad' - latimes.com
"We’re the country that built the Intercontinental Railroad," Barack Obama.
That's what the president of the United States flat-out said Thursday during what was supposed to be a photo op to sell his jobs plan next to an allegedly deteriorating highway bridge.
A railroad between continents?
A railroad from, say, New York City all the way across the Atlantic to France?
Now, THAT would be a bridge!
It's yet another humorous gaffe by the Harvard graduate, overlooked by most media for whatever reason. Like Obama saying Abraham-Come-Lately Lincoln was the founder of the Republican Party.
Or Navy corpseman.
Or the Austrian language.
Fifty-seven states.
The president of Canada. Etc.
"We’re the country that built the Intercontinental Railroad," Barack Obama.
That's what the president of the United States flat-out said Thursday during what was supposed to be a photo op to sell his jobs plan next to an allegedly deteriorating highway bridge.
A railroad between continents?
A railroad from, say, New York City all the way across the Atlantic to France?
Now, THAT would be a bridge!
It's yet another humorous gaffe by the Harvard graduate, overlooked by most media for whatever reason. Like Obama saying Abraham-Come-Lately Lincoln was the founder of the Republican Party.
Or Navy corpseman.
Or the Austrian language.
Fifty-seven states.
The president of Canada. Etc.
Return of the real Obama
Return of the real Obama - The Washington Post
In a 2008 debate, Charlie Gibson asked Barack Obama about his support for raising capital gains taxes, given the historical record of government losing net revenue as a result.
Obama persevered: “Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.”
A most revealing window into our president’s political core:
To impose a tax that actually impoverishes our communal bank account (the U.S. Treasury) is ridiculous. It is nothing but punitive.
It benefits no one — not the rich, not the poor, not the government.
For Obama, however, it brings fairness, which is priceless.
In a 2008 debate, Charlie Gibson asked Barack Obama about his support for raising capital gains taxes, given the historical record of government losing net revenue as a result.
Obama persevered: “Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.”
A most revealing window into our president’s political core:
To impose a tax that actually impoverishes our communal bank account (the U.S. Treasury) is ridiculous. It is nothing but punitive.
It benefits no one — not the rich, not the poor, not the government.
For Obama, however, it brings fairness, which is priceless.
Banks may face bigger Greek bond hit
Banks may face bigger Greek bond hit -Deutsche Bank Reuters
European banks may face a bigger-than-expected hit from an internationally agreed swap arrangement on Greek government debt, Deutsche Bank (DBKGn.DE) said on Friday.
Private sector creditors agreed in July to take a 21 percent loss on Greek bonds maturing before 2020, but the loss is more likely to be 25 percent or more, said Charlotte Jones, in charge of group controlling at Germany's biggest lender.
European banks may face a bigger-than-expected hit from an internationally agreed swap arrangement on Greek government debt, Deutsche Bank (DBKGn.DE) said on Friday.
Private sector creditors agreed in July to take a 21 percent loss on Greek bonds maturing before 2020, but the loss is more likely to be 25 percent or more, said Charlotte Jones, in charge of group controlling at Germany's biggest lender.
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