1/4% Tax on all stock trades pushed in NY Times today

Shape of jobs creation bill unclear ahead of White House summit

http://thehill.com/homenews/house/69675-shape-of-jobs-bill-unclear-ahead-of-white-house-summit

Pelosi last summer signaled support for the $600 billion, 6-year transportation reauthorization bill, which was reported out of committee by House Transportation and Infrastructure Chairman James Oberstar (D-Minn.) but has stalled in the Senate.

One of Oberstar's top lieutenants, Rep. Peter DeFazio (D-Ore.), has proposed paying for transportation investments, new job creation
legislation and deficit reduction with revenue from a new financial transaction tax, but Treasury Secretary Timothy Geithner has opposed the new levy.

Rush and other leaders of the Jobs NOW! Caucus, which includes 128 House members, said that they would be open to funding infrastructure and transportation projects using funds that remain in the $787 billion stimulus or the $700 billion bank bailout, the Troubled Asset Relief Program (TARP), for transportation projects.

Rush said that there's "enormous dissatisfaction" over the stimulus and the TARP because they haven't done enough to create jobs for Americans seeking work.
 
Geithner on Capital hill again on Wednesday, Bernake on Thursday, and Thursday is the jobs summit. So a week where things could gain more steam either way. We know economists, Obamas economic team, company ceo's , small business leaders, and the labor unions will be at the summit on Thursday.
 
From Minyanville:

"I foresee a trading tax and a sugar tax. Don't shoot the messenger; I’m not saying I agree with it, I’m simply saying I see it." - Todd Harrison
 
Quote from Wayne Gibbous:

From Minyanville:

"I foresee a trading tax and a sugar tax. Don't shoot the messenger; I’m not saying I agree with it, I’m simply saying I see it." - Todd Harrison
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Nothing like stirring up a little heat for his website, must have gotten the idea from his old hedge fund partner Cramer over at CNBC.
 
In regards to the healthcare plan in the senate, the excise tax on cadillac plans tax, the union said this
"The excise tax could be the most troublesome for Reid. Union leaders have termed it a tax on the middle class since many labor groups will see some of their members affected by it. In addition, labor-friendly lawmakers have said it would break President Barack Obama’s campaign pledge to not tax those making less than $250,000 annually."

But the union is for a financial transaction tax, they seem to think thats not a tax on the middle class and it seems they would be ok with Obama breakin his campaign promise to tax people making less the 250k with that one. Funny how things work, the union doesnt want any of their people affected and wants everyone to work in the factory. It also forgets how the us bailed out the auto workers over and over again, those same auto workers who failed to make a profit in the good times.The same auto workers that has been a drag on this economy for sometime. We should tax them more, or base their pay on auto companies performace, I guess if we did that then those workers would be volunteers not workers! I am looking for more articles like the ones with the union in them to put comments on.
 
Quote from PlusMinus:

I don't know how to tell folks this but Obama on a personal ideological level would shut down Wall Street tomorrow if he could do so without the political fallout.
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Uhm WTF are you talking about. He is financed by Wall Street.
Obama is just an actor to paint an image. But it should be blatantly obvious what his administration stands for. Pro big Wall Street firms, pro big banks and anit public, anti small business.
 
Quote from Anaconda:

Uhm WTF are you talking about. He is financed by Wall Street.
Obama is just an actor to paint an image. But it should be blatantly obvious what his administration stands for. Pro big Wall Street firms, pro big banks and anit public, anti small business.
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there is a big difference between publicly traded markets and the behemoths on wall street acting on the behest of the government. obama is in favor of the latter and against the former.
 
Quote from zdreg:

there is a big difference between publicly traded markets and the behemoths on wall street acting on the behest of the government. obama is in favor of the latter and against the former.
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Yes but the behemoths of Wall Street are and have always been the core of Wall Street. These are the same players who are financing Obama's administration, which is apparently pushing for a more fascist regime. It's not about being against the publicly traded markets, it's about control & profit.
 
behemoths will cede control in exchange for guaranteed profits.
as to public markets Obama doesn't want the ordinary joe to control his own destiny. that is why he couldn't care less if the exchanges are shut down.
 
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