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  #1  
Old 03-24-2009, 12:30 PM
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U.S. Seeks Expanded Power to Seize Firms

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The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.
U.S. Seeks Expanded Power to Seize Firms
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Old 03-25-2009, 03:58 PM
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This. Is. The. Worst. Idea. Ever.
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Old 03-25-2009, 04:19 PM
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Welcome Comrad Geithner!
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Old 03-25-2009, 04:39 PM
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Welcome Comrad Geithner!
No shit.
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Old 03-25-2009, 04:44 PM
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I'm convinced part of Obama's agenda is to degrade the dollar and Capitalism to a point at which Socialist ideals seem the only feasible path. The central bank of China yesterday asked to formally leave the USD standard and create a global currency because they fear the spending in the US.
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Old 03-25-2009, 04:55 PM
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Seriously, this sort of looks like intent disguised as ineptitude.
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Old 03-25-2009, 04:58 PM
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Now they have also created a "tax group" to review the entire US tax code. TRY A FLAT TAX! You would almost guarantee larger revenue by limiting to almost null deductions. While at the same time lessening the % almost EVERYONE pays.
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We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

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Old 03-25-2009, 05:04 PM
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I'm for it. If you don't spend, you save. That of course goes against the "let's spend our way out of problems" concept we have already wholly adopted.
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Old 03-25-2009, 05:06 PM
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I'm for it. If you don't spend, you save. That of course goes against the "let's spend our way out of problems" concept we have already wholly adopted.
Careful, don't confuse flat tax with federal sales tax
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Old 03-25-2009, 05:16 PM
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Well, you have to believe some of that would get shifted to a consumption based plan. I did not mean to imply they were the same. But owing to this charity deduction thing, I don't think they would pass up any opportunities to collect more of our money.
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