RANT: You have to be joking me! Gooferment Motors is tax free.

Tuesday, November 2, 2010

General Motors won’t have to pay federal taxes on up to $50 billion in profit under an unusual provision of its government-funded bailout, giving the car maker an added boost as it prepares to return to the stock market this month.

GM may use the $50 billion in so-called tax-loss carry-forwards to shield that amount of profit from U.S. taxes for up to 20 years.

http://online.wsj.com/article/SB10001424052748704462704575590642149103202.html?mod=djemalertNEWS

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I’m speechless.

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Posted by reinkefj

RANT: Too bad; they deserved an award for nailing John Edwards

Tuesday, November 2, 2010

http://www.cbsnews.com/stories/2010/11/01/business/main7011590.shtml

NEW YORK, Nov. 11, 2010
Popular U.S. Tabloids in Trouble?
American Media Inc., Publisher of The National Enquirer, Star, Plans to File for Bankruptcy Protection in 2 Weeks
(AP) Last updated 3:53 p.m. ET

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After years of dishing tales of celebrity folly and misfortune, The National Enquirer’s publisher has fallen on hard times of its own.

American Media Inc. plans to seek federal bankruptcy protection in the next two weeks or so. The privately held company, based in Boca

Raton, Fla., announced its intention Monday without sharing any details about its finances.

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They did save the USA from one lying politician. They should have received a Pulitzer for investigative journalism. But attacking a big Gooferment Socialist with the “D” label is politically incorrect. If they had done it to an “R”, they’d have won.

American needs to clean its house of the “liberal elite”. We can no longer afford the luxury of their muddled thinking and obvious biases.

Sorry, time to grow up!

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Posted by reinkefj

GOLD: Gather a few “coins” whule you can still preserve your “wealth”

Monday, November 1, 2010

http://www.lewrockwell.com/orig11/powell-chris1.1.1.html

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The valid documentation about the gold market also practically screams at financial journalists:

• There are the huge and disproportionate gold, silver, and interest rate derivative positions built up at just two or three international banks, positions that never could be undertaken without the express or implicit underwriting of the U.S. government.

• And there are the dozens of official records, records collected and publicized by GATA over the years, demonstrating the plans and desire of the U.S. government to suppress and control the price of gold.

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Perhaps a few “coins” (i.e., bullion gold, bullion silver, common nickels) might be a valid “investment choice”? But, to avoid all the scams, you have to have them in your possession.

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Posted by reinkefj

LIBERTY: Repudiate

Monday, November 1, 2010

<Broken Link>

Obstructionism reaps its reward

Posted: October 28, 2010 by Patrick J. Buchanan

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Tuesday’s election, too, will be no embrace of the GOP, but rather a repudiation of what Obama, Harry Reid and Nancy Pelosi have come to represent. All are seen as power-hungry politicians of an out-of-touch regime that is seizing control of private wealth and private lives as it fails in its duty to win our wars, balance our budgets and secure our borders.

Republicans will be the beneficiaries of this repudiation, as Republicans are, almost everywhere, the only alternative on the ballot, and because they are seen correctly as having opposed the Obama agenda with near-drill-team solidarity.

Every Republican in the Senate but Arlen Specter and the ladies from Maine voted against Obama’s stimulus bill. Every Republican in the House, save eight, voted no on cap-and-trade. Every Republican on Capitol Hill voted no on Obamacare. More GOP senators opposed Sonia Sotomayor and Elena Kagan than opposed any Supreme Court nominee in memory.

Tuesday, obstructionism reaps its reward.

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It’s not like the R’s have been the great defenders of liberty. It’s just that people have zero choice. The only remedy is secession.

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