Via Drudge, President Obama to propose compensation caps on financial services firms to include banks. That ought to help bring back the banking sector and the markets!

Bloomberg reports that the heads of Citibank, Bank of American and JP Morgan are also pointing out the problems this will cause with the recovery. Per the story,

Gabriel Malor at Ace of Spades is half-convinced that this is part of a plan to tank the financial system and set it up for nationalization. It is either that or incompetence at a level we have not seen since the day of Jimmy Carter.

Cross-posted at The Opinionator.

In these days of economic uncertainty, many people are looking at employment with the Federal government. And why not? It has job security, great benefits and low productivity demands. Unfortunately, this comes at a cost. The pay is usually less than a private sector position. That is why you should not settle for a job as a low level flunky. Not you! No, you need to apply for a high level position. Particularly one that offers the opportunity to cash in with the private sector as a lobbyist after a few years. How do you land that type of job you ask? Let me tell you.

In these days of hope and change, it is important to stand out. No longer do you need to attend the right schools and have experience. To be discovered you need one more essential ingredient. Tax avoidance. That’s right. All the benefits of a high-paying Federal job can be yours if you “overlook” paying your taxes for several years. By noting this on your resume’ you set yourself apart and make it easier for the Obama administration to pick you out from the crowd. So stop paying your taxes. You will not only save money, you may advance your career!

Cross posted at The Opinionator

President Obama’s first call to a foreign leader was to President Abbas of the Palestinian Authority? Are you frakking kidding me? What, Osama Bin Laden wasn’t available to answer the phone?

The middle east is important, so reach out to Israel. Then the Palestinians. Why does his calling Abbas first matter? The symbolism. He did not call a friend, such as Israel, (or Britain, Canada or Australia for that matter), he called the Palestinians. You know, the ones that elected Hamas as their government. The same Hamas that is currently busy smuggling rockets into the PA and then firing them into Israel. This is not a good sign. Clearly Samantha Power has the President’s ear and he does not know the good guys from the bad.

Cross-posted with links at The Opinionator.

Via Hot Air,The New York Times is reporting that Caroline Kennedy withdrew her name from consideration for the vacant New York Senate seat due to tax issues involving household help. Add this to the Geithner tax issues and I am struck by how many rich democrats do not pay their taxes. Perhaps the reason they are so eager to raise taxes on the rich, particularly Republicans, is that they assume everyone else is also cheating on their taxes.

It reminds me of all the rich liberals that lecture us on how the rich need to pay their fair share. And that evil rich conservatives need to stop fighting tax increases and be “patriotic”. Same thing with death taxes. We are told how we should pay a big chunk of our estate to the government when we die. Yet rich liberals are using trusts and other mechanisms to shield their estates from the death tax. Do you really think a Kennedy or Rockefeller is paying 45-55% to the government when they die? Of course not. They do not even pay their nanny taxes!

Cross-posted at The Opinionator

…That the only time McCain was surrounded by people that hate the United States, he was a POW being held against his will. Obama worked with them and attended church with them by choice.

Cross-posted at http://opinionator.blogs.com/the_opinionator/