Obama, banksters, and the deal with the devil that WE get to pay for

[MadHound]

Woke up to this piece of news this morning

"The Internal Revenue Service on Friday issued an exception to long-standing tax rules for the benefit of Citigroup and a few other companies partially owned by the government. As a result, Citigroup will be allowed to retain billions of dollars worth of tax breaks that otherwise would decline in value when the government sells its stake to private investors.

While the Obama administration has said taxpayers are likely to profit from the sale of the Citigroup shares, accounting experts said the lost tax revenue could easily outstrip those profits."

<http://www.washingtonpost.com/wp-dyn/content/article/2009/12/15/AR2009121504534.html>

So despite the happy-happy, joy-joy news that Citigroup is paying back our money early, the real story is that we are going to get screwed (again) because Citigroup's tax bill will be reduced by even billions more than what they have to pay back.

Once again, government balancing the books (kind of) on the backs of the poor and working class. Some change there:eyes:

[Laelth]

1. Good to know. Thanks for posting. n/t

:dem:

-Laelth

[pissedoff01]

2. Anything and everything for the banks

and shit for the working poor, as usual.

[uponit7771]

3. WTF does this have to do with Obama!? Obama MADE the IRS give CitiGroup a tax cut?! You're kiddin...

..right?!

[alcibiades_mystery]

4. Obama also apparently ordered the people who calculate the poverty level

according to formulas fixed since 1965 to lower the poverty level by applying those same formulas!

Obama does nothing and everything; he "dithers" while performing magic acts of great duplicity. He's a do-nothing weak leader AND the most capable huckster ever to hold the office. It's really a remarkable feat!

;-)

[dionysus]

5. dude... it's a conspiracy!11!!