After his Special Olympics remark on the Tonight Show, I wonder if Obama called Jay Leno back saying, “It was hard for me to believe that you were entirely serious about that bowling alley question.”
Today, in yet another show of outrage resulting from corporate “greed” epitomized by the AIG bonusgate, the Democrat led House passed a bill that would tax employee bonuses at companies that received government assistance.
Frankly, I don’t give a damn about AIG handing out bonuses to their execs. It’s about as logical as blaming an addict for indulging in his/her drug of choice if given money knowing full well of their addiction. But in this case, it was the government that forced us to give the addict money and now the same government has the audacity to blame the addict! On top of blame the government is willing to punish the addict including anyone who might enjoy a cigarette or a couple beers responsibly on occassion “for our sake”.
Now Treasury Secretary Tim “Turbo Tax” Geithner came up with the idea to give the addict money in the first place and Obama continues to defend the man’s actions. Senator Chris Dodd (D-Conn.) knew the addict was going to get a fix and helped make it happen. And House Financial Services Committee Chairman Barney Frank (D-Mass.) now feels justified in making an example of anyone close to being an addict.
Anyone else see something wrong with this story besides the poor substance abuse addiction analogy?
The head of the U.N. Environment Program (UNEP), Achim Steiner, has a plan that would revive the world economy and protect the environment.
Reuters reports:
The UNEP report said investments of one percent of global gross domestic product, or about $750 billion, could bankroll a “Global Green New Deal” inspired by the “New Deal” of U.S. President Franklin D. Roosevelt that helped end the depression of the 1930s.
Investments should be split between more energy efficient buildings, renewable energies, better transport, improved agriculture and measures to safeguard nature — such as fresh water, forests or coral reefs, it said.
Thursday’s study adds details of spending after UNEP called for a Green New Deal late last year.
Steiner also said that the world urgently needed funds to jump start a U.N. deal to fight global warming, due to be agreed in Copenhagen in December to succeed the U.N.’s Kyoto Protocol beyond 2012.
He floated the possibility of taxing oil in rich nations of the Organization for Economic Cooperation and Development (OECD) to help a new pact become the cornerstone of a greener economy.
“If, for argument’s sake, you were to put a five-year levy in OECD countries of $5 a barrel, you would generate $100 billion per annum. It translates into roughly 3 cents per liter,” he said.
More taxes… its so simple.
Today the Federal Reserve announced plans to purchase over $1 Trillion dollars in Treasury bonds and mortgage securities which will keep interest rates low and should promote financing. How will they pay for this… oh, don’t worry they have the authority to just print money out of thin air.
What?!?! Mmmm hmmm, yeah, they can.
Okay I can see that people might refinance, maybe buy a new car, and the banks get a bailout so they can make all these credit needs come true.
On the flip side, my dollar won’t buy me #@%$! on McDonald’s dollar menu!
Oh… I get it…
