Showing posts with label Presidnet Obama. Show all posts
Showing posts with label Presidnet Obama. Show all posts

Tuesday, January 31, 2012

They've seen the light!

I see in today's news that Congress is moving forward with a couple of pieces of legislation President Obama mentioned in his State of the Union address last week.  The "Stop Trading on Congressional Knowledge Act" would prohibit members of Congress from buying/selling securities based on inside knowledge they learned during hearings, etc.  Also, the "Buffett rule" is gaining headway, requiring those folks wealthy enough to have an adjusted gross yearly income of greater than $1M to pay a minimum of 30% of it in taxes.


I wonder if the "light" Congress has suddenly seen is the light bulb of a great idea that simultaneously clicked on in all their minds, or the light from all those torches being carried by the lynch mob assembled in the parking lot?  I also wonder how many obscure, innocent-sounding loopholes they've planted in their legislation?  (They're very good at that, you know.)


S