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The Big Stiffs Come Out Swinging

By Al Schumann on Thursday September 6, 2007 05:26 PM

Aug. 31 (Bloomberg) -- Blackstone Group LP and Kohlberg Kravis Roberts & Co. are gaining support in Congress in their battle against a tax increase on private-equity firms and are looking to the heartland to win the war, the industry's chief Washington spokesman said.

``Things look better now than they did two or three months ago,'' said Doug Lowenstein, president of the Private Equity Council, of which Blackstone and KKR are founding members. ``We've stabilized the situation.''

Lowenstein said at least four ``moderate, centrist'' Senate Democrats -- John Kerry of Massachusetts, Ken Salazar of Colorado, Charles Schumer of New York and Ron Wyden of Oregon -- have expressed skepticism about the plans to tax fund managers' share of profits at the top 35 percent rate, rather than the 15 percent capital-gains rate. He said opposition to the tax is growing among House Democrats, without identifying anyone.

Link

As a dive artist and friend to billionaires, John Kerry sets the pace.

Comments (6)

Tim D:

Yeah, well not surprisingly, hedgefunds are one the leading contributing industries to Democrat campaigns:

http://www.multinationalmonitor.org/editorsblog/index.php?/archives/55-The-Dangers-of-Democratic-Hedging-not-about-Iraq.html

op:


old bryan and later huey l
pointed long straight fingers
at these "in tent " ass-turds
and pretty much
every chance they got
time for the dempops to do the same
name names ...same party names
elected names
senate names
named by elected names
not just poor zioloon tail pipe joe

barn hen
name names
name names like biden kerry clinton and schumer

Ahh, The Heartland™...the holy, holy Heartland™. Home of religious fundamentalists, gun freaks, flag-kissers, ignoramuses of all stripes, people all too willing to act against their own best interests because They Love America. No goddamn' wonder airliners fly over that part of the country without landing.

Indeed, where would our politicians be without The Heartland™? Who knows what variety of cockamamie laws and policies would never have been enacted if not for some politician who claimed that said cockamamie-ness is a result of his having listened to The Voice Of The Heartland™?

At least, it's one good way to tell when a politician is especially full of shit, when he invokes the name of The Heartland™.

Want to end discrimination against gays/lesbians? Want to stop making life a living hell for immigrants? Want to end the phony War On Terror? Want to end the useless War In Iraq? Well, I don't know; we'll have to see how well it goes over in The Heartland™.

op:

A"hh, The Heartland™...the holy, holy Heartland™. Home of religious fundamentalists, gun freaks, flag-kissers, ignoramuses of all stripes, people all too willing to act against their own best interests because They Love America. No goddamn' wonder airliners fly over that part of the country without landing"


mike gets today's
smbiva
h l mencken ribbon


needless to add
but i will....

mike's prolly got
a whole bitter oaken sea chest
full of such awards

yes the yahoos' ignorant cruelty
is easier to forgive
then justify

but figuring out
where it comes from
might lead to the way
it can be sublated

op:

have any of you detected the swelling pomposity of my gig lately ???

gang
its the blow fish defense
harmless unconvincing

but --- indulging some
calming self pity here---
maybe also
a bit touching i suspect

unless your hungry for fish flesh

Brian:

Mmmmmm. Sushi!
But...our entire economy is based on the arcane packaging, selling, reselling, and repackaging of ever more aerie fantasy castles of debt. What will we do once the debtmeisters have moved to London? I guess we can manufacture more weapons for sale to brutal dictatorships, but...


Being a native "Hoosier" (As in, "Quick Ma-hide the gold, the nubile children and the fluffier sheep, them Hoosiers are riding through town tonight" I might note the panoply of lovelies coming from the Left Coast: B-1 Bob Dornan, Doolittle, Reagan, Governor Terminator 3, etc. etc. etc. And, from the other side, good ol Il Duce himself, Rudy G. Heck, most of the Bush Klan are themselves really East Coast preppies by heritage, aren't they?

I enjoy chortling about the rubes in the Heartland, but...75% of California is at best purple if not flaming crimson.

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