Wednesday, May 18, 2011

Well All Right

Ripped
While Democrats rip into oil and gas companies for failing to pay their "fair share" because of tax breaks Congress gave them, another special interest break they're not talking about is the billions of dollars worth of gold, silver, uranium and other minerals that mining companies take off federal lands for which they pay nothing. (Foxnews.com, 5/18/11)

Article goes on to explain that Nevada Senator Harry Reid is the chief protector of the mining companies. Which begs the question of whether Bernie Sanders will call for the companies to pay their fair share of taxes. We’ll wait, but we won’t hold our breath.

Fumed
On Tuesday, Sens. Charles Schumer and Kirsten Gillibrand and 16 members of the state’s Congressional delegation sent a letter to Federal Reserve Chairman Ben Bernanke and other regulators expressing concern that proposed Dodd-Frank rules governing derivative contracts could put U.S. banks at a competitive disadvantage to their foreign competitors …..Many Wall Street lobbyists fumed during the Dodd-Frank conference that members of their home state delegation were not fighting against proposals the lobbyists said would badly hurt U.S. banks. And the GOP staff members suggested the letter was now an attempt to woo back financial industry support after the fact. (Politico.com, 5/18/11)

Financial services….another industry that the Dems beat up on as the embodiment of all things evil. Until that is, they realized that the campaign contributions from these companies were going to dry up!

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