Hide A Tax

It is a form of tax, this ramping up of the deficit...

We the people get fat and happy while they line their coffers by inflating wealth, and property into nothing. Doesn't matter the deficit, doesn't matter the tax, they play the game their way regardless of loss because to them, it is a constant hum of crisis management. The bigger the crises, the more they are needed to provide the solution, the more larger the government grows.

We the people have not long before any credible outcome of our fate shall long since be gone. Obama and his radical court jesters know this, regardless of Bush and Cheney, Goldman Sachs or Harvard. They have planned long and hard.

We must make it clear that the hammer blows WILL fall around THIER ears as long and as fast as is needed to rid our world of these ideas. Their ideas which never worked in the real world shall never happen here.

Patty Murray Wipes her Nose and Sends Me the Tissue

Here is Senator Patty Murray's response to me via email regarding my email to her about the outrage over the AIG scandal back about fourty years ago.  I can't wait to hear from her about FOCA:

Dear Mr. Baker:

 

Thank you for contacting me regarding your concerns about legislative efforts to curb excessive executive compensation. It is good to hear from you.

 

Concern about shareholder value, corporate governance, and the escalating pay for corporate executives has led to a strong debate surrounding compensation.  News that recipients of federal assistance through the Troubled Asset Relief Program (TARP), like American International Group, provided millionsof dollars in bonuses exacerbated frustrations with corporate compensation practices around the country.

 

In response to these developments in March,legislative solutions to the problem wereproposed in Congress.  The Compensation Fairness Act of 2009, S. 651, was introduced in the Senate to impose an excise tax on bonuses distributed by a company after receiving federal assistance to be paid by both the employer and bonus recipient.  The House of Representativesconsidered and passed a measure that would impose an income tax at 90% of the bonus on the recipient.  I have concerns about theunintended consequences of this legislation and who may be impacted.  You will be happy to know, at this point, neither proposal has a timeline established for further consideration by the Senate.

 

I will continue to monitor this issue closely, andwork to make certain that all institutions and companies who receive federal assistance use those funds appropriately.  But I will also make sure my colleagues understand the real worldramifications of these legislative proposals.

 

Should any legislation be brought before the full Senate dealing with extravagant bonuses issued by companies receiving federal assistance, please know I will keep your views in mind.  Again, I appreciate your thoughts on this issue.  Please don't hesitate to contact me again in the future

Rev Al Stock Goes Through The Roof

Ever wonder how the Democratic Left seems to just glory in graft and corruption? Doesn't it seem that continuosly there is some sort of corruption in leaders from the left which seem to top the last graft in boldness and ineptitude? Then you can no more expect that things will ever get better if it only gets worse, and this from a supposed 'Man of The Cross', but perhaps in some sense he was just "Sticking It To The Man" when Reverend Al Sharpton accepted hundreds of thousands of dollars in campaign funds from private sources during his unsuccessful run for Democratic nominee.

In a decision to be made public next month, The Federal Election Commission also found that the campaign kept poor records of its activities and expenditures" and commingled funds with Sharpton's civil-rights group. In a decision that fined the campaign of Rev. Al a $285,000 fine, the largest fine ever Rev Al agreed to pay the fin along with the good Reverends campaign manager, Andrew Rivera. The report went on to state; "Sharpton 2004 materially misstated its receipts and disbursements, as well as cash on hand in 2004" following the investigation.