So because he may be related he can't be concerned about Obama's Tax increases?!?!?!?!?
On Oct 16, 7:49 pm, wncs <[EMAIL PROTECTED]> wrote: > Well, if you are accusing Obama of guilt by association, then this > certainly doesn't look good for McCain. Come on Gaar, I'm sure I don't > have to spell this out for you. ;-) > > On Oct 16, 10:44 pm, Gaar <[EMAIL PROTECTED]> wrote: > > > > > So what? > > > On Oct 16, 7:43 pm, wncs <[EMAIL PROTECTED]> wrote: > > > > You may end up eating those words, Kam. Several bloggers are pointing > > > to a familial relationship between Joe the Plumber and Robert > > > Wurzelbacher & Charles Keating. > > > > On Oct 16, 10:31 pm, Kamakazee <[EMAIL PROTECTED]> wrote: > > > > > "LMAO" off all you choose, have you seen a picture of the guy? > > > > > How stupid are you today? > > > > > On Oct 16, 8:24 pm, wncs <[EMAIL PROTECTED]> wrote: > > > > > > Huh? You mean even if he's several years older he can't possibly > > > > > related to Plumber John? LMAO! I stay related to the same people no > > > > > matter old we get. Try to keep up. > > > > > > On Oct 16, 7:01 pm, Kamakazee <[EMAIL PROTECTED]> wrote: > > > > > > > Brilliant. He was 38 at 1992 according to the article.... and he's > > > > > > how old now??? Fucking idiot. > > > > > > > On Oct 16, 5:56 pm, wncs <[EMAIL PROTECTED]> wrote: > > > > > > > > Wurzelbacher, Wurzelbacher, where do I know the name from? It > > > > > > > sounds > > > > > > > so familiar....Oh! Now I remember, Robert Wurzelbacher pleaded > > > > > > > guilty > > > > > > > to fraud in connetion with the savings & loan scandal. Gosh, > > > > > > > wonder > > > > > > > how common that name is? > > > > > > > > ******** > > > > > > > A son-in-law of Charles H. Keating Jr. pleaded guilty today to > > > > > > > three > > > > > > > Federal fraud counts in connection with the collapse of the > > > > > > > Lincoln > > > > > > > Savings and Loan Assocation and agreed to cooperate with > > > > > > > prosecutors > > > > > > > as they pursue their case against Mr. Keating. > > > > > > > > The guilty plea was the sixth from executives and business > > > > > > > associates > > > > > > > of Lincoln and its parent company, but was the first crack in what > > > > > > > until now had been a united Keating family defense against the > > > > > > > charges > > > > > > > in the case. > > > > > > > > Mr. Keating and a son, Charles H. Keating 3d, still face an array > > > > > > > of > > > > > > > fraud and racketeering charges brought against them in a 77-count > > > > > > > Federal indictment issued last year. Their trial is scheduled for > > > > > > > August in Federal District Court here. Mr. Keating was convicted > > > > > > > last > > > > > > > year on separate fraud counts in a California state court and is > > > > > > > serving a 10-year prison sentence. Bad Loans to a Hotel > > > > > > > > The guilty plea today was from Robert M. Wurzelbacher Jr., who had > > > > > > > been a senior vice president of Lincoln's parent company, the > > > > > > > American > > > > > > > Continental Corporation of Phoenix, and the chief executive of an > > > > > > > investment firm owned by Lincoln Savings. Mr. Wurzelbacher, who > > > > > > > is 38 > > > > > > > years old, is married to the former Elizabeth Keating, one of Mr. > > > > > > > Keating's daughters. > > > > > > > > Mr. Wurzelbacher pleaded guilty before United States District > > > > > > > Judge > > > > > > > Mariana Pfaelzer to three felony counts of misapplication of > > > > > > > federally > > > > > > > insured funds. The charges were not among those made against Mr. > > > > > > > Wurzelbacher in last year's Federal indictment. > > > > > > > > His guilty plea involved charges arising from $13 million in > > > > > > > loans and > > > > > > > advances made by Lincoln Savings, which was based in Irvine, > > > > > > > Calif. > > > > > > > The money went to a limited partnership that owned and operated > > > > > > > the > > > > > > > Hotel Pontchartrain in Detroit. > > > > > > > > Mr. Wurzelbacher and other officers and employees of Lincoln and > > > > > > > American Continental, including Mr. Keating and his son, were > > > > > > > partners > > > > > > > in the limited partnership, according to court documents. > > > > > > > > The prosecutors said that in pleading guilty Mr. Wurzelbacher > > > > > > > admitted > > > > > > > that he and other Lincoln and American Continental executives had > > > > > > > made > > > > > > > the loans and advances knowing that they probably would not be > > > > > > > repaid > > > > > > > and were not in Lincoln's best interests. > > > > > > > > Prosecutors said that the hotel suffered large losses, but that > > > > > > > the > > > > > > > limited partnership generated substantial tax benefits for Mr. > > > > > > > Wurzelbacher and the other limited partners. > > > > > > > > In all, Lincoln suffered losses of more than $23 million on loans > > > > > > > to > > > > > > > the hotel, according to a civil suit against Mr. Keating filed > > > > > > > last > > > > > > > year by the Resolution Trust Corporation, the Federal savings and > > > > > > > loan > > > > > > > bailout agency. > > > > > > > > Mark Beck, a lawyer for Mr. Wurzelbacher, said that in pleading > > > > > > > guilty > > > > > > > to three counts his client would not be subject to the strict > > > > > > > sentencing guidelines that would apply to the charges in the > > > > > > > indictment. > > > > > > > > "It was not an easy decision, but he had to keep in mind that as > > > > > > > the > > > > > > > father of two grade-school children he faced substantial > > > > > > > consequences > > > > > > > if the defense was unsuccessful at trial," Mr. Beck said. > > > > > > > > Lincoln was seized by Federal regulators three years ago just > > > > > > > after > > > > > > > American Continental filed for bankruptcy protection. Lincoln's > > > > > > > collapse is expected to cost taxpayers $2.6 billion. Mr. Keating, > > > > > > > unfairly in his view, has come to embody the political influence > > > > > > > peddling, mismanagement and fraud that pervaded the savings and > > > > > > > loan > > > > > > > industry. > > > > > > > > As part of his plea, Mr. Wurzelbacher agreed to cooperate with the > > > > > > > continuing investigation of Lincoln by the United States Justice > > > > > > > Department and a host of state and local law-enforcement and > > > > > > > regulatory agencies, said David A. Sklansky, an assistant United > > > > > > > States attorney who is prosecuting the case. > > > > > > > > Mr. Sklansky said the Government had also agreed to move for > > > > > > > dismissal > > > > > > > of all the counts against Mr. Wurzelbacher in the Federal > > > > > > > indictment. > > > > > > > Mr. Wurzelbacher could be sentenced to as many as 15 years in > > > > > > > prison > > > > > > > and fined as much as twice the loss caused by his actions. > > > > > > > >http://query.nytimes.com/gst/fullpage.html?res=9E0CE6DF173DF935A25756... > > > > > > > > On Oct 16, 10:50 am, Kamakazee <[EMAIL PROTECTED]> wrote: > > > > > > > > > Joe The Plumber: Obama Tax Plan 'Infuriates Me' > > > > > > > > > ABC News' Teddy Davis Reports: > > > > > > > > > John McCain may have found a blue-collar face to help him argue > > > > > > > > that > > > > > > > > no American -- not even the richest 5 percent -- should pay > > > > > > > > higher > > > > > > > > taxes. > > > > > > > > > "Joe The Plumber" has weighed in on Wednesday's presidential > > > > > > > > debate > > > > > > > > and he says that Barack Obama's tax plan "infuriates me." > > > > > > > > > "To be honest with you, that infuriates me," plumber Joe > > > > > > > > Wurzelbacher > > > > > > > > told Nightline's Terry Moran. "It's not right for someone to > > > > > > > > decide > > > > > > > > you made too much---that you've done too good and now we're > > > > > > > > going to > > > > > > > > take some of it back." > > > > > > > > > "That's just completely wrong," he added. > > > > > > > > > Wurzelbacher, who says no one from the McCain campaign got in > > > > > > > > touch > > > > > > > > with him before Wednesday, was a centerpiece of the third and > > > > > > > > final > > > > > > > > presidential debate. > > > > > > > > > The plumber's brush with fame began on Sunday when he confronted > > > > > > > > Barack Obama outside of Toledo, Ohio. Wurzelbacher challenged > > > > > > > > the > > > > > > > > Democratic candidate on his plan to raise taxes on the top five > > > > > > > > percent of earners -- a policy which would, by the Obama > > > > > > > > campaign's > > > > > > > > own estimation, mean higher taxes for 184,000 small businesses. > > > > > > > > > "I'm getting ready to buy a company that makes 250 to 280 > > > > > > > > thousand > > > > > > > > dollars a year," Wurzelbacher told Obama. "Your new tax plan is > > > > > > > > going > > > > > > > > to tax me more, isn't it?" > > > > > > > > > Under Obama's plan, individuals making more than $200,000 per > > > > > > > > year, > > > > > > > > or > > > > > > > > couples making more than $250,000 per year, would pay higher > > > > > > > > taxes on > > > > > > > > income, capital gains, and dividends. Starting ten years from > > > > > > > > now, > > > > > > > > Obama supports an additional 2-4 percent tax on individual > > > > > > > > income > > > > > > > > above $250,000 per year to help shore up the Social Security > > > > > > > > system. > > > > > > > > > To evaluate how Wurzelbacher and his wife would fare under > > > > > > > > Obama, one > > > > > > > > would need to know his wife's income (if any) plus what the > > > > > > > > plumber > > > > > > > > meant when he told Obama that the company he is getting ready > > > > > > > > to buy > > > > > > > > "makes" $250,000 - $280,000 per year. > > > > > > > > > Was Wurzelbacher referring to gross revenue or net profits? > > > > > > > > > Obama's higher taxes on small businesses would be leveled > > > > > > > > against > > > > > > > > those whose net profits exceed $250,000 per year, according to > > > > > > > > Obama's > > > > > > > > campaign. > > > > > > > > > While at least 184,000 small businesses would face higher taxes > > > > > > > > under > > > > > > > > Obama, the Illinois Democrat is also proposing a series of tax > > > > > > > > credits > > > > > > > > that could aid small businesses. > > > > > > > > > Obama has proposed a $3,000 tax credit for every new job that > > > > > > > > companies create in the United States over the next two years, a > > > > > > > > small > > > > > > > > business health tax credit on up to 50 percent of employee > > > > > > > > premiums > > > > > > > > paid by employers, and elimination of capital gains taxes on > > > > > > > > investments in small and start-up businesses. > > > > > > > > > Regardless of how Wurzelbacher would personally fare under the > > > > > > > > candidates' plans, he suggested to ABC News' Nightline that he > > > > > > > > is > > > > > > > > against all forms of progressive taxation. > > ... > > read more »- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
