[9mm_fan]

House Panel Votes Huge $500 Billion Tax Increase; Networks Couldn't Care Less

The House Ways and Means committee approved a half-trillion dollar tax increase overnight, but the ABC and NBC morning news shows offered only a single sentence to the development, while CBS’s Early Show skipped it entirely.

Neither NBC’s Today nor ABC’s Good Morning America mentioned the tax increases $544 billion price tag, as each newscast folded the development into larger pieces on President Obama’s push for health care “reform.”

ABC’s Deborah Roberts first gave a mere two sentences to the CBO report that contradicts White House claims that Obama’s plan would save money. She then mentioned the big tax increase: “Meantime, a House committee approved billions in new taxes on the wealthy to pay for the reforms.”

[brraverishhh]

= move your assets out of the country; don't hire-on in your small to medium business.... basically bankrupt the country as you are driven by the country into personal bankruptcy. It's pathetic.

[LottiFurmann]

I'd say it's too early for raising taxes. And raising income/corporate taxces isn't the best way to go, even though it may be easier (politically) to raise them instead of setting some other taxes...

[Lillie_Steins]

They're going after offshore accounts though.

So where do we shelter our money? Any advice? It's getting to be last call.

GOLD...

[TorryJens]

Palladium! a much better bet- at least until we have another large space worthy vehicle at least.

[Slonopotam845]

I'd almost rather just invest in carbon dioxide like the governments allies are doing?

That is another Myth which has been started by America to kill developing nations.

---

I still think Gold is a best option. I have been investing in gold for the last 3 years.

[TorryJens]

First wave of jobless exhaust unemployment benefits

Thousands of jobless Pennsylvanians are joining the growing ranks of people around the country who are exhausting unemployment benefits, as some experts worry about another blow to a stumbling economy.

Gov. Ed Rendell said 17,800 Pennsylvanians exhausted their jobless benefits in the week that ended Saturday, the first big wave of Pennsylvanians to do so. He urged legislators to pass a bill to extend the benefits.

Around the country, the number of people exhausting their benefits is piling up. By the end of September, more than 500,000 people will exhaust their benefits checks, with the biggest groups in Pennsylvania, California and Texas, according to estimates by the National Employment Law Project, an advocacy group for low-wage workers based in New York City. That number will nearly triple by the end of the year, the group said.

===
Deep deep trouble.

[Beerinkol]

Benefits Extended As State Unemployment Numbers Rise

The number of jobless New Yorkers across the state jumped significantly during the month of June, according to state Department of Labor statistics released Thursday.

The unemployment rate increased from 8.2 percent in May to 8.7 percent in June. That's the highest level since October of 1992.

In New York City, the rate increased from nine percent in May to 9.5 percent in June -- the highest level in more than a decade. That translates into more than 850,000 people out of work in the state.

"Because of our 8.7 percent unemployment rate, we will qualify for an additional seven weeks of unemployment insurance benefits," said New York State Labor Commissioner M. Patricia Smith. "So right now New Yorkers will be eligible for 79 weeks of unemployment insurance benefits."

Unemployment benefit extensions are expected to help an additional 47,000 jobless New Yorkers who would have lost their benefits in August.

[LottiFurmann]

Rep. Jim Jordan (R-Ohio) Questions Henry Paulson: Forcing Banks to take TARP money

http://www.youtube.com/watch?v=XlQeTFfdaPM

[Drugmachine]

How does one even invest in Palladium, and other precious metals? ...and how do I know it's safer than the hole in my mattress?

You gotta visit the folks at 47 street

[HedgeYourBets]

Palladium! a much better bet- at least until we have another large space worthy vehicle at least.

You made 10% profit in 15 days. Lets go to Chez Mado...