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December 19, 2008

If The Same Thing Happened To Malia Obama . . .

Republican family values once again rears its head:

Levi Johnston's mother hit with drug charges

WASILLA -- A 42-year-old Wasilla woman was arrested Thursday at her home by Alaska State Troopers with a search warrant in an undercover drug investigation. Sherry L. Johnston was charged with six felony counts of misconduct involving a controlled substance.

Johnston is the mother of Levi Johnston, the Wasilla 18-year-old who received international attention in September when Gov. Sarah Palin and her husband, Todd, announced their teenage daughter was pregnant and he was the father. Bristol Palin, 18, is due on Saturday, according to a recent interview with the governor's father, Chuck Heath.

Troopers served the warrant at Johnston's home at the "conclusion of an undercover narcotics investigation," said a statement issued Thursday by the troopers as part of the normal daily summary of activity around the state.

Troopers charged Johnston with second-degree misconduct involving a controlled substance -- generally manufacturing or delivering drugs -- as well as fourth-degree misconduct involving controlled substances, or possession.

What, they aren't going federal on her ass? Pays to be white.

December 16, 2008

Goldman Sachs To Pay Effective Tax Rate of One Percent

It simply pays to be a corporate criminal:

Goldman Sachs’s Tax Rate Drops to 1%, or $14 Million

Dec. 16 (Bloomberg) -- Goldman Sachs Group Inc., which got $10 billion and debt guarantees from the U.S. government in October, expects to pay $14 million in taxes worldwide for 2008 compared with $6 billion in 2007.

The company’s effective income tax rate dropped to 1 percent from 34.1 percent, New York-based Goldman Sachs said today in a statement. The firm reported a $2.3 billion profit for the year after paying $10.9 billion in employee compensation and benefits.

Goldman Sachs, which today reported its first quarterly loss since going public in 1999, lowered its rate with more tax credits as a percentage of earnings and because of “changes in geographic earnings mix,? the company said.

The rate decline looks “a little extreme,? said Robert Willens, president and chief executive officer of tax and accounting advisory firm Robert Willens LLC.

“I was definitely taken aback,? Willens said. “Clearly they have taken steps to ensure that a lot of their income is earned in lower-tax jurisdictions.?

Nice business model they got there. If only everybody got free money from taxpayers, then there would be no recession.

Once again, we have no other options left for these animals except to:


December 14, 2008

Early Christmas Present

From an Iraqi journalist greeting our liberator-in-chief with all the gratitude he deserves:

Too bad he missed. They don't call him a lame "duck" for nothing*

*Nominated for Worst Pun Award of 2008.