7.13.2009

Taxpayers to be forced to bail out CIT so that Democrats can be re-elected

Uh-oh! Another bad lender is in trouble. Time to screw the taxpayers!

WSJ:
"It seems like official Washington is just coming to grips with what would happen if the largest small-business lender went belly up," said Jaret Seiberg, a policy analyst at Concept Capital's Washington Research Group. "It would destroy Democratic hopes of getting unemployment under control before the mid-term election."

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Democrats plan to repeal state and local tax (SALT) deduction limits

Democrats are talking about repealing the SALT limits. What nobody's talking about is that SALT is largely irrelevant to the middle clas...