From Politico.com: President Barack Obama plans to announce a three-year freeze on discretionary, “non-security” spending in the lead-up to Wednesday’s State of the Union address, Hill Democratic sources familiar with the plan tell POLITICO. I wonder what things will wind up under the “security” category.
From Nytimes.com: President Obama will try to recoup for taxpayers as much as $120 billion of the money spent to bail out the financial system, most likely through a tax on large banks, administration and Congressional officials said Monday. Mr. President the only way to keep money from the banks [...]
Let’s make 2010 the year of restoration. Let’s return to the people the livelihood that was taken in this bailout terrorism.
From Washingtonpost.com U.S. taking majority ownership of GMAC The federal government said Wednesday it will take majority control of the troubled auto lender GMAC, providing another $3.8 billion in aid to the company, which has been unable to raise from private investors the money it needs to staunch its losses. [...]
Those of you out there who inconvenienced someone in your rampaging behavior to get some object on the day after Thanksgiving ought to have to tell the person you gave it to what it cost. The folks who trampled the Walmart employee to death back in ’05 should have to [...]
As I’ve said before we’re making a wrong turn by adopting the model of the Air Quality Management Districts of California to clean up the environment. Do we need to clean up after ourselves? Do we need to work towards a non-combustion form of transportation (electric cars, etc.)? Do we [...]
From Politico.com: Citigroup gains massive tax break in deal with IRS The IRS has issued an exception to tax rules for the benefit of companies including Citigroup. As a result, Citigroup will be allowed to retain $38 billion in tax breaks that otherwise would decline in value when the government [...]
From Washingtonpost.com: Obama administration looks to spin off from TARP a new program for small business, jobs growth Major initiative could give banks access to the government money without restrictions, such as limits on executive pay, as long as they use it to make loans to small businesses. And what [...]