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Front Page: Texas Grand Jury Indicts Cheney and Gonzales

  • Vice President Dick Cheney and former Attorney General Alberto Gonzales will be arraigned on Friday in Texas, after a grand jury indicted them for prisoner abuse in a federal detention center. Cheney and Gonzales will not attend the arraignment. — AP
  • Barack Obama tapped Janet Napolitano, the Democratic governor of Arizona, to be the Secretary of Homeland Security. Napolitano has a well-received record on immigration, and served as Arizona's first female US attorney, and state attorney general. — CNN
  • California's Supreme Court has agreed to decide the legality of Proposition 8, which undid the court's previous ruling that legalized same-sex marriage. The court refused to let same-sex marriages resume in the meantime. — San Francisco Chronicle
  • Fears of a more serious recession have taken a toll on the global stock market. Yesterday the Dow Jones fell five percent, dipping bellow 8,000 mark. — BBC News

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kranky kranky 7 years
diadem-Yup - a lot of wealthy people voted for Obama based on his ideology, not his fiscal policies.I spoke with a wealthy family member after the election (who did not vote Obama - full disclosure - he voted against him due to his stance on abortion). I asked him about Obama's tax policies and he laughed. His said something to the effect that about 5 wealthy people will actually pay their full tax burden, and he had started modifying his behavior to avoid as much tax as possible, ie: moving assets, renegotiating compensation packages, etc. The subsequent movement in the market proves this statement to be true. It has been shown time and time again that tax hikes bring in less revenue to the government for two reasons: wealthy do not spend, and they arrange their finances to pay as little taxes as possible. Wealthy people did not become so because they are ambivalent about their money.
kranky kranky 7 years
diadem- Yup - a lot of wealthy people voted for Obama based on his ideology, not his fiscal policies. I spoke with a wealthy family member after the election (who did not vote Obama - full disclosure - he voted against him due to his stance on abortion). I asked him about Obama's tax policies and he laughed. His said something to the effect that about 5 wealthy people will actually pay their full tax burden, and he had started modifying his behavior to avoid as much tax as possible, ie: moving assets, renegotiating compensation packages, etc. The subsequent movement in the market proves this statement to be true. It has been shown time and time again that tax hikes bring in less revenue to the government for two reasons: wealthy do not spend, and they arrange their finances to pay as little taxes as possible. Wealthy people did not become so because they are ambivalent about their money.
kranky kranky 7 years
steph - I am not going argue how history will remember Bush. It has nothing to do with my statement. Bush did not cause the financial meltdown. That is a fact. I'd totally agree that Obama is not repsonsible for others' stupidity, but you can not argue that wealthy people protecting their interests are acting foolishly. I assume that wealthy people know how the manage their money conisdering they have managed to become wealthy.
kranky kranky 7 years
steph - I am not going argue how history will remember Bush. It has nothing to do with my statement. Bush did not cause the financial meltdown. That is a fact.I'd totally agree that Obama is not repsonsible for others' stupidity, but you can not argue that wealthy people protecting their interests are acting foolishly. I assume that wealthy people know how the manage their money conisdering they have managed to become wealthy.
stephley stephley 7 years
Dave are you kidding?
stephley stephley 7 years
Dave are you kidding?
mydiadem mydiadem 7 years
I don't know why you say that Kranky when everything I've read said that the majority of the wealthy voted for Obama. So they voted for him and are now so upset about his potential economic policy they are pulling their money out of the market? WWWBD? What would Warren Buffet do?
mydiadem mydiadem 7 years
I don't know why you say that Kranky when everything I've read said that the majority of the wealthy voted for Obama. So they voted for him and are now so upset about his potential economic policy they are pulling their money out of the market?WWWBD? What would Warren Buffet do?
UnDave35 UnDave35 7 years
Here's another question: Is it the individual states' responsibilities to file what I would say are federal crimes, or is this a case for the national supreme court?
GKitty GKitty 7 years
Don't worry, Bush will pardon his scum!
stephley stephley 7 years
"Bush did not cause the financial crisis." You guys should get together and decide if you want him remembered as an ineffective twit or an undermined man of action. Obama's not responsible for other people's stupidity.
stephley stephley 7 years
"Bush did not cause the financial crisis."You guys should get together and decide if you want him remembered as an ineffective twit or an undermined man of action.Obama's not responsible for other people's stupidity.
kranky kranky 7 years
Well it's witty Steph, but Bush did not cause the financial crisis. Obama winning the election DID cause wealthy people to start making their money liquid, not reinvesting, and changing their compensation packages. I want to make is clear though, that I do not believe that Obama is the sole factor in the market's downturn. His win just didn't help matters much. I do think the WSJ is being a bit hysterical.
kranky kranky 7 years
Well it's witty Steph, but Bush did not cause the financial crisis. Obama winning the election DID cause wealthy people to start making their money liquid, not reinvesting, and changing their compensation packages.I want to make is clear though, that I do not believe that Obama is the sole factor in the market's downturn. His win just didn't help matters much. I do think the WSJ is being a bit hysterical.
stephley stephley 7 years
So we should call our immediate future the Bush Depression.
yesteryear yesteryear 7 years
see you in jail, you scumbags!
kranky kranky 7 years
"Also, is it just me, or does it seem like the "change" Obama is talking about is change back to the Clinton administration?" What's that old saying... better the devil you know? Even though Obama hasn't hit office yet, it's amazing how his is impacting things. In terms of the stock market, the WSJ calls it the 'Obama Market.' I would say there is a lot more going on in the financial world than just Obama's presidency, but you can not deny that Obama's tax position has negatively impacted the overall financial health of the country. Wealthy people started pulling their money out of the market the day after the election, much to my (retirement's) dismay.
kranky kranky 7 years
"Also, is it just me, or does it seem like the "change" Obama is talking about is change back to the Clinton administration?"What's that old saying... better the devil you know?Even though Obama hasn't hit office yet, it's amazing how his is impacting things. In terms of the stock market, the WSJ calls it the 'Obama Market.' I would say there is a lot more going on in the financial world than just Obama's presidency, but you can not deny that Obama's tax position has negatively impacted the overall financial health of the country. Wealthy people started pulling their money out of the market the day after the election, much to my (retirement's) dismay.
Jude-C Jude-C 7 years
Very interesting and positive news this morning, except of course for the continuing distress of our economy. As far as the CA Supreme Court hearing arguments against Prop 8, from what I've read it's the legality of how it amends the state's Constitution that is in question. It will be very interesting to see how this goes.
Jude-C Jude-C 7 years
Very interesting and positive news this morning, except of course for the continuing distress of our economy.As far as the CA Supreme Court hearing arguments against Prop 8, from what I've read it's the legality of how it amends the state's Constitution that is in question. It will be very interesting to see how this goes.
stephley stephley 7 years
It'd be nice if this was the kind of indictment we need to see brought against Cheney and Gonzales, but it's like a traffic offense compared to what they should face. They'll be pardoned as Bush leaves office anyway.
UnDave35 UnDave35 7 years
"Vice President Dick Cheney and former Attorney General Alberto Gonzales will be arraigned on Friday in Texas, after a grand jury indicted them for prisoner abuse in a federal detention center. Cheney and Gonzales will not attend the arraignment. — AP " Does this mean that all 57 states can now bring prisoner abuse charges against these two men? Also, is it just me, or does it seem like the "change" Obama is talking about is change back to the Clinton administration?
UnDave35 UnDave35 7 years
"Vice President Dick Cheney and former Attorney General Alberto Gonzales will be arraigned on Friday in Texas, after a grand jury indicted them for prisoner abuse in a federal detention center. Cheney and Gonzales will not attend the arraignment. — AP "Does this mean that all 57 states can now bring prisoner abuse charges against these two men?Also, is it just me, or does it seem like the "change" Obama is talking about is change back to the Clinton administration?
Roarman Roarman 7 years
Some good news and some bad news.
sexylibrarian sexylibrarian 7 years
I think this will be the first of many indictments for Cheney.
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