This article from the Washington Examiner explains why your taxes went up. Warren Buffett, GE, and others who have an in with Max Baucus (Dem Senator from Montana) got the goodies. Why did Obama want this included in this bill? Why won’t the MSM ask him about this? So GE can now keep its profits offshore and not pay any taxes? It pays to have friends in high places.
Posts Tagged ‘Warren Buffett’
Does the Stock Market love Obama’s Stimulus Bill?
Posted by madjillmom on February 16, 2009
I am not certain that the stock market really likes the plans that Pres. Obama is bringing forth in a real piecemeal fashion. It was clear on Friday the 13th that the Stimulus Bill was a done deal. The market fell again on Friday, reflecting a 5% drop since Pres. Obama came into office. On Tuesday, Sec. of the Treasury gave us the rough, theoretical overview of the outline (written in pencil only) of TARP 2 and the market didn’t like it or didn’t like the “deer in the headlights” style of presentation. It fell almost 400 points that day. This week, we look forward to the signing of the Stimulus Bill (in Denver on Tuesday, why?), Pres. Obama’s plan to do something about foreclosures, and the Big Three (ha,ha) plan to be financially solvent. I feel like we are waiting for the Obama financial plan centipede to drop the next shoe.
I thought by this time all the plans would be out there. I thought George Soros and Warren Buffett would be out there throwing money at the market. Where are they? The president they supported is in office now, better pull some money out from “somewhere” (see posting for 2/10 posting – Tax Cuts Accorging to Obama) and prop him up before more of us lose confidence in his ability to fix anything.
Posted in Obama Administration, Obama's Stimulus Bill, Prominent People vs. Ordinary People | Tagged: George Soros, Obama's Stimulus Bill, TARP 2, Warren Buffett | 2 Comments »