Monthly Archives: July 2007
Today’s NYT has an article which caught my eye. The title: In opposing Tax Plan, Schumer Breaks with Party. Now, Schumer is a Senator from New York, where most of the hedge private equity funds roost. I realize they are a part of his constituency..but please..they are NOT humans. Sure, humans run them and make money from them…but they are NOT people, and folks that use these types of investments aren’t trying to make ends meet.
But Schumer holds a two very important posts that relate to hedge funds and private equity funds, he is on both the Banking and Finance committee’s. In fact..Chuck raked in more than $1 million large for the Democratic Senatorial Committee from these guys.
The NYT article calls him “Pro-business”..I call him a shill for the top 1%. Perhaps that is a little harsh..but you can not call yourself a supporter of the middle class AND a supporter of the hedge and equity funds. Nope, you really can’t do that Chuckie.
There is a bill in the works that wants to raise the taxes on these types of investments. Even Hillary, Obama and Edwards have come out in support of these taxes that will provide revenue for health and educational programs..not to mention relieve some of the burden of taxes on the middle class. I mean..really now..if Corporate-loving Hillary can support it..it can’t be all bad for investors right?
But Chuckie has his state and its employers to think about he says. There is this interesting tidbit in the NYT writeup:
“Mr. Schumer said in an interview that he was torn between the need to protect an industry vital to his home state and the need to generate revenues to finance government programs. He said a tax increase on private equity and hedge fund executives could lead to an exodus of jobs and companies from New York, and even from the country. He said the plan, if enacted federally, would also lead to an increase in New York State tax that would further bear down on the industry. He said he worried that the industry was being unfairly singled out.”
I call bullshit on that right now. So does the other Senator from NY, Charles Rangel. I am sick and tired of businesses using the “we will move our operations if we don’t get what we want” shtick..I could puke. It’s a time-honored tradition for them to use that line isn’t it? It’s a threat to get what they want.
Well, the middle class has been getting the ever-loving shaft for decades now..and they need a friggin break, not the damn hedge and equity funds. Hell, even a senior exec from Citigroup, Robert E. Rubin is calling this tax a good move for the love of Christ. Joe Schocken, the chairman of Broadmark Capital, an investment banking and private equity firm in Seattle, backs the bill and calls it fair.
This tax move will raise billions annually. It will only hit those top 1%ers remember..so I don’t give a Rats Ass who Chuck Schumer’s voting base is..this tax isn’t going to kill off any investors or cripple the damn industry, because its folks that make a shit-load of cash every year and don’t work for it..you know..unlike the middle class that works for their money.
Schumer’s stance on this bill really pisses me off. I have always thought highly of him until this came out. If Hillary the biggest Corporate Shill alive can back it..so can Chuckie damn it. And if he doesn’t see the light I will have to call him what he is..a carpetbagging sumbitch who will once again fuck over the middle class so those that already have their nest eggs can get their greedy little fingers on more money they won’t be able to spend in their lifetimes.
Come on Chuck..give the middle class a fucking tax break for a change and put some money into the federal coffers for educational programs you fuckwit..screw those top 1%ers….Stop pandering to them. If there is any doubt why Chuckie panders to these guys..get a load of this nugget from the NYT writeup:
“From January through June, the Democratic Senatorial Campaign Committee raised nearly $2 million from executives and employees of private equity and hedge fund firms like the Carlyle Group and the Blackstone Group, according to analyses of campaign finance disclosure reports conducted by the Center for Responsive Politics, a nonpartisan group that researches the influence of money in politics, and by The New York Times. The $2 million figure, which includes contributions from relatives of employees and executives, is a low-end estimate because many donors do not list their employers on financial disclosure reports.”
Ain’t that something? You bet it is..and it smells like fresh dog poop if you ask me.
Anyone surprised by this story in WaPo?
I didn’t think so. Pretty damn pathetic when you can’t release a Surgeon Generals report because it doesn’t cater to BushCo’s bullshit objectives. What really chaps my hide is that the freak who is blocking this report has no background in public health or medicine.
Guess any asshole appointee can pull this crap with Bush’s blessings. William R. Steiger your a real prick…your family is probably very proud of you. The report contained information on the following, per WaPo:
The report described the link between poverty and poor health, urged the U.S. government to help combat widespread diseases as a key aim of its foreign policy, and called on corporations to help improve health conditions in the countries where they operate. A copy of the report was obtained by the Washington Post.
Just another exercise to keep us in the dark and feed us bullshit by the folks leading our country.
Public Citizen has fired up their Presidential candidate website. Its called: WhiteHouseForSale.org and you can find all sorts of interesting data on all the candidates running for the highest office in the land.
Of course all this info won’t make it feel warm and fuzzy..but it will enlighten and educate you as to what these folks and their friends are doing. Check out the section on Campaign Bundlers.
I almost swallowed my tongue when I read the headline at the NYT at 1am: U.S. Set to Offer Huge Arms Deal to Saudis. The reason is that many folks, such as myself, are still convinced the Saudi’s are part of the problem in the middle east.
Thats because most of the 9/11 terrorists were from Saudi Arabia. Also the majority of insurgents from outside Iraq are not Iranians..they are Saudi’s my dear reader..
So, what does BushCo have planned for these smarmy individuals? Why they plan on giving them plenty of firepower..all told..roughly $20 Billion dollars in arms. From the NYT link above, we get a laundry list of what BushCo wants to give these batshit crazy folks:
The proposed package of advanced weaponry for Saudi Arabia, which includes advanced satellite-guided bombs, upgrades to its fighters and new naval vessels, has made Israel and some of its supporters in Congress nervous. Senior officials who described the package on Friday said they believed that the administration had resolved those concerns, in part by promising Israel $30.4 billion in military aid over the next decade, a significant increase over what Israel has received in the past 10 years.
Isn’t that just wonderful? So..we just arm BOTH sides of the Middle East crisis to solve the problem..Christ, what assholes are running this looney bin?
Oh yeah..the cowboy from Crawford.
Because the Terrorist’s are in the White House and anyone or any Department they control.
Pat Tillmans death might now be murder, The Department of Justice is being led by a Liar who has been contradicted by the head of the FBI and the former second in command at his own DoJ. This drama has reached a lowpoint never seen in the history of our country.
Even Watergate was a walk in the park compared to these Asshats and what they have done to us as a country and the world at large.
Congress has to step up to the plate. They are the only ones that can put a stop to this madness. But we all know that won’t happen. Because of the small margin of a one vote majority in the Senate, nothing can change without the help of the Rethuglicans.
And we ALL know those sumbitches won’t do shit. They will back their leader all the way over the cliff..like lemmings to the sea.
We are watching a slo-motion death march my dear reader and I fear for our country.