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May 19, 2013
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Obama’s New Chief of Staff Makes $8.3 Million From Wall Street GigPosted on Jan 20, 2011
In preparation for his new White House job, William Daley sold $8.3 million of JPMorgan Chase stock. Thanks to government regulations, Daley can postpone paying the capital gains on that haul until he leaves public life, which, given how fast the door between Obama’s White House and Wall Street spins, shouldn’t be too long.
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By drbhelthi, January 22, 2011 at 5:44 pm Link to this comment
Knopfler, do you think it is easier for a propagandist
to fly a computer keyboard when wearing a pilot shirt?
And besides, how date you blog your personal ideas in a
Report thissimilar manner to that of comrade rico - .
By rico, suave, January 21, 2011 at 2:45 pm Link to this comment
Knopfler:
Was that post a speed typing exercise? You get a “C”. What the hell are you talking about? I did get the part about GE and JP Morgan helping Mao kill 60 million though. You’re such a hoot! Where do you find shit like that?
Report thisBy robertbeal, January 21, 2011 at 2:19 pm Link to this comment
I spoke with the think tank Third Way communications director, Sean, about Daley’s resigning from their board when he went to the White House.
Sean tossed off that he thought Daley had worked for JPMorgan Chase, or something.
Daley and Emmanuel were key architects of NAFTA’s passage.
Below is from Sam Stein at the Huffington Post, 11/02/2010 (midterm election day):
[When Democrats reconvene following Tuesday’s elections, there is going to be a fairly contentious debate over what went wrong—both on policy and political grounds. On Monday, the moderate wing of the party made a pitch for greater post-election relevance, with the group Third Way explaining that it “is crucial for Democrats to return to the center with bold and bipartisan policy solutions that are realistic in the next Congress and resonate with moderates and Independents.”]
From Russ Baker at AlterNet http://www.alternet.org/story/40482/?page=1 :
The Top 10 Corporate Democrats-For-Hire
They claim to be ‘centrists,’ but these D.C. Dems—whose corporate agendas aren’t too different from Bush administration policies—are living proof that the system needs fixing.
“How big a problem is the growing influence of the bipartisan Beltway Party? Details on this can be found in a report from the Real News Project, a new nonprofit noncommercial investigative reporting outfit I founded. RealNews examined the track records of prominent Washington Democrats, consultants, advertising and public relations executives, lobbyists, attorneys and the like who have close connections to the top circles of their party. Many of them served in the Clinton-Gore White House, and many of them will likely be tapped should a Democrat be elected in 2008 and have considerable influence in a future Democratic-controlled Congress.
Report this“We scrutinized scores of Washington Dems and found many ensconced in firms working to advance corporate agendas that don’t look that different from policy we see emanating from the Bush administration. To be sure, many of these people have redeeming qualities, represent some admirable causes as well, and may personally harbor inclinations for the greater good. Yet, in trying to earn a handsome living in Washington, they apparently do what a person’s gotta do. Can political success and influence be attained without working for The Man? Let’s defer that debate for another time and start with a few facts.”
By Peter Knopfler, January 21, 2011 at 2:17 pm Link to this comment
NONE OF US ARE AS DUMB AS ALL OF US.
Report thisMore Corporate Banksters selling the nation down the
Communist Chinese river, Like General Electric JP
Morgan these criminals have been in Communist China
and helped Mao kill 60,000,000 people they put him in
power the Corporate world dictatorship. Another Big
bStep to SLAVERY BY CORPORATE MASTERS, next they will
sell Federal Reserve to Communist China but you will
never know just like you don´t know where TRILLIONS
WENT,American tax payer stuck on stupid and
consistently put up with this corporate bullshit
people Wake Up or Die. Corporate Communist Take OVER!
By Go Right Young Man, January 21, 2011 at 9:37 am Link to this comment
None of this can possibly be true. Democrats/liberals/progressives don’t work for banks, don’t make large sums of money, and always pay more taxes than the law mandates. All from the goodness of their hearts.
I’m certain Mr. Daley donated his time to Chase, gladly pays an overabundance of taxes and, just to prove his liberal bona fides, gives all remaining income to little brown children.
Report thisBy rico, suave, January 21, 2011 at 8:42 am Link to this comment
skimo:
No. I’m pretty sure the point of the article was that Daley got some money from JP Morgan Chase and won’t have to pay tax on it for a while. No mention of Goldman, or who runs the country. Of course, feel free to dream up unrelated cause and effect conspiracies. Porgressives are good at that.
Report thisBy godistwaddle, January 21, 2011 at 7:47 am Link to this comment
Bend over, America, Daley’s bumboy is president.
Report thisBy skimohawk, January 21, 2011 at 1:15 am Link to this comment
This “typical Truthdig progressive” thinks perhaps you are missing the point, which is that our Government is controlled by Goldman-Sachs.
Who gives a shit how much tax he pays or doesn’t pay?
He’s still a fucking big bank muckity-muck and he’s in the fucking White House pulling the strings!
Report thisWake up!
By rico, suave, January 20, 2011 at 10:15 pm Link to this comment
The typical truthdig progressive, who knows nothing about investments, will assume that Daley made $8.3 million in tax free profit. Nowhere does the article say how much the basis of the stock was, so people who understand these things are left to speculate, if they even care, about what his real taxable gain might be, while progressives will wail and moan that he stole $8.3 million out of the mouths of the homeless, sick and destitute.
But, please, dear envious ones, continue to wail and moan, and ignore the end of the article, which says that Daley will, indeed, face a stiff tax liability this year.
Report thisBy DGBJPN, January 20, 2011 at 10:01 pm Link to this comment
(Unregistered commenter)
So…? Did he break any laws? Good on him. What is the point of this story?
Report thisBy skulz fontaine, January 20, 2011 at 9:03 pm Link to this comment
A Mark, a Yen, a Buck by the pound. They’re in it for the money. How are the
Report thisObamanites ANY different than Bushco?