Wednesday, December 17, 2008

Long On Corn...Obama appoints Vilsick to Ag Dept. - Obama’s ethanol dream team Yup, a rabidly anti-gay preacher at is inauguration wasn't enough for one day; Obama had to add yet another corn-based ethanol believer to head the Ag department. Get long corn, get short the climate, the environment, and feeding the hungry.

Rick Warren; Obama's Biggest Sellout Yet

John Aravosis at America Blog has a good rundown (with plentiful links) of all the people Obama sold out by selecting Rick Warren to deliver the inaugural invocation. Basically its a list of the folks most responsible for his electoral success, the liberal blogosphere. This is very close to final straw for those of us who support equal rights for gays, and a woman's right to choose.

Goldman Sachs takes bailout while offshoring profits

And we won't bailout the car companies!

Excerpted from Bloomberg

By Christine Harper

Dec. 16 (Bloomberg) -- Goldman Sachs Group Inc., which got $10 billion and debt guarantees from the U.S. government in October, expects to pay $14 million in taxes worldwide for 2008 compared with $6 billion in 2007.

The company’s effective income tax rate dropped to 1 percent from 34.1 percent, New York-based Goldman Sachs said today in a statement. The firm reported a $2.3 billion profit for the year after paying $10.9 billion in employee compensation and benefits.

Goldman Sachs, which today reported its first quarterly loss since going public in 1999, lowered its rate with more tax credits as a percentage of earnings and because of “changes in geographic earnings mix,” the company said.

The rate decline looks “a little extreme,” said Robert Willens, president and chief executive officer of tax and accounting advisory firm Robert Willens LLC.

“I was definitely taken aback,” Willens said. “Clearly they have taken steps to ensure that a lot of their income is earned in lower-tax jurisdictions.”

U.S. Representative Lloyd Doggett, a Texas Democrat who serves on the tax-writing House Ways and Means Committee, said steps by Goldman Sachs and other banks shifting income to countries with lower taxes is cause for concern.

Sunday, December 14, 2008

Secret Service Won't Even Take a Shoe for the Guy!

BBC NEWS | Middle East | Shoes thrown at Bush on Iraq trip:

"In the middle of the news conference with Mr Maliki, Iraqi television journalist Muntadar al-Zaidi stood up and shouted 'this is a goodbye kiss from the Iraqi people, dog,' before hurling a shoe at Mr Bush which narrowly missed him.

Showing the soles of shoes to someone is a sign of contempt in Arab culture.

With his second shoe, which the president also managed to dodge, Mr Zaidi said: 'This is for the widows and orphans and all those killed in Iraq.'"