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Obama administration trying to tax our Christmas trees

 

http://www.infowars.com/yuletide-pork-obama-administration-are-now-taxing-christmas-trees/

 

The economic geniuses in the White House are at it again. When there are no more free market-driven jobs left on its domestic shores, you can always rely on the Federal Government to obey industry lobbyists and create a few new tax payer-funded consultancy jobs in the process.

 

To cover its out of control spending program and stimulus debt, the Obama regime have resorted to hitting Americans with a new 15-cent stealth tax on all fresh Christmas trees. The tax applies to all sales of fresh Christmas trees by sellers of more than 500 trees per year.

 

As with all federally mandated stealth taxes, the consumer normally ends up paying double or triple the levy, as businesses use new tax announcements as an excuse to increase their own profits. This one is a tax on the growers, so naturally it will be passed on the seller, and the customers.

 

All this in order to support the White House’s new government marketing program, intended to “improve the image and marketing of Christmas treesâ€, but according to White House public relations operatives, Obama’s Christmas tax is not happening this year due to a massive uproar in anticipation of its release.

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Obama administration trying to tax our Christmas trees

 

http://www.infowars.com/yuletide-pork-obama-administration-are-now-taxing-christmas-trees/

 

The economic geniuses in the White House are at it again. When there are no more free market-driven jobs left on its domestic shores, you can always rely on the Federal Government to obey industry lobbyists and create a few new tax payer-funded consultancy jobs in the process.

 

To cover its out of control spending program and stimulus debt, the Obama regime have resorted to hitting Americans with a new 15-cent stealth tax on all fresh Christmas trees. The tax applies to all sales of fresh Christmas trees by sellers of more than 500 trees per year.

 

As with all federally mandated stealth taxes, the consumer normally ends up paying double or triple the levy, as businesses use new tax announcements as an excuse to increase their own profits. This one is a tax on the growers, so naturally it will be passed on the seller, and the customers.

 

All this in order to support the White House’s new government marketing program, intended to “improve the image and marketing of Christmas treesâ€, but according to White House public relations operatives, Obama’s Christmas tax is not happening this year due to a massive uproar in anticipation of its release.

 

 

I don't think the Christmas tree tax made it.

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Report: Polled Americans prefer Israel PM to Obama

 

 

President Obama's hot-miked conversation with French President Nicolas Sarkozy suggested that he is frustrated with Israeli Prime Minister Benjamin Netanyahu -- but Americans might be more frustrated with Obama than they are irritated by Netanyahu.

 

"A poll conducted by the group Greenberg Quinlan Rosner found that 52.3 percent of Americans rate Netanyahu positively, compared to 51.5 percent for Obama," reports Israel Today Magazine. "The results of the poll were enthusiastically discussed on Israel's Channel 10 News on Thursday."

The Washington Examiner called the polling firm to confirm and request the full data, including margin of error, but hasn't heard back yet. The poll reportedly asked questions of 800 U.S. citizens.

 

White House Press Secretary Jay Carney refused to comment, yesterday, on Sarkozy calling Netanyahu a "liar" and Obama reportedly complaining, "You are fed up with him, but me, I have to deal with him every day."

 

Carney did say that "Our relationship with Israel is based on our shared principles, our shared values, and obviously on our mutual interests in terms of security. And we will stick by Israel."

 

 

 

 

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Congress Members Took Part in Insider Trading: Abramoff

 

 

As many as a dozen members of Congress and their aides took part in insider trading based on foreknowledge of market moving information on Capitol Hill, disgraced Washington lobbyist Jack Abramoff told CNBC in an interview.

 

Abramoff, who was once one of the wealthiest and most powerful lobbyists in Washington before a corruption scandal sent him to federal prison for more than three years, said that many of those members of Congress bragged to him about their stock trading prowess while dining at the exclusive restaurant he owned on Pennsylvania Avenue.

 

But Abramoff, whose black trench coat and fedora became one of the most notorious images in recent Washington history after his fall from grace, said he didn't play the stock market himself — he considered it an inherently unfair "casino" in which the house had far more information than the players. Abramoff made most of his fortune representing — and, as it turned out, duping — Native American tribes rich with cash from casino operations.

 

The former lobbyist said the amounts members of Congress earned trading off their inside knowledge ranged from as little as $2,000 to, as much as "several hundred thousand dollars," that was claimed by one member of Congress.

 

Abramoff declined to name the members of Congress.

 

"It was more, 'Look at me, I'm a real great stock trader,'" Abramoff told CNBC of the congressional bragging. "All of a sudden somebody from a background maybe in law, maybe in some other unrelated business area, all of a sudden is picking winners and losers in the market."

 

"I was making far more money than they were," Abramoff recalled. "So I wasn't as impressed as perhaps they thought I'd be."

 

At the time, Abramoff, who was involved in an extensive corruption ring, didn't think much of it. But after years in prison to reflect on the culture of corruption in Washington, Abramoff says he thinks trading based on inside Congressional knowledge is wrong.

 

"These people should not be using whatever information they gain as public servants to benefit themselves, any more than they should be taking bribes," he said.

 

Generally, however, legal analysts say that Wall Street insider trading laws do not apply to Congress. As an open and public institution, the legal assumption has long been that any member of the public can have access to information about how Congress works. In practice, though, that's simply not true, as powerful members of Congress come into contact daily with market-moving tidbits. That gap between the law and the reality has made Capitol Hill a virtual free-fire zone for insider trading. Over the years, academic studies have found that members of the House of Representatives beat the market by as much as six percent per year and members of the Senate do even better than that.

 

And Abramoff says everybody on the inside knew it. "I think it was pretty widely known and it is pretty widely known that it is going on," he said.

 

Abramoff has been making the rounds, speaking with the media this week, to promote his new book, "Capitol Punishment: The Hard Truth About Washington Corruption From America's Most Notorious Lobbyist," which went on sale Monday.

 

Abramoff said that the most valuable type of information for Congressional insider trading is held by congressional investigators who pry deeply into corporate goings on. A particularly easy target is advance knowledge of the announcement of an investigative hearing into a company.

 

"Hearings under almost every circumstance are going to have a bad impact on a company," Abramoff said. "And so some staffers I've seen in the past talking about the fact that, 'Oh, I'm gonna go out and short that company.'"

 

But the man who spread millions around the nation's capital said he didn't like to invest his own money in the stock market. "I'd never really played the stock market," he said. "I viewed it as a big gamble because of the fact you don't have all the information you need. The casino has all the information, and you don't."

 

cnbc

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