About Me & This Website
My Positions
On Facebook
Contact Me

Articles
  Pro-Caucus Chairman
  Free the Delegates
  Social Security Unsoundness
  Clinton Surplus Myth
  Taxes, Rich & Poor
  Clinton Surplus Myth, Pt. 2
  Financial Crisis
  Obama's Economy
  More articles...

Videos
  Live: U.S. Senate
  Live: U.S. House
  America's Marines

Some Humor
  Time for Campaignin'

"We Want Our Money Back"   January 14th, 2010
So do we, Mr. President       

 
QUICK OBSERVATIONS

More observations...
 

Regarding the reasoning behind President Obama's proposed bank tax, President Obama said "We want our money back".

So do we, Mr. President.


President Barack Obama said Thursday he wants to tax banks to recoup the public bailout of foundering firms at the height of the financial crisis. "We want our money back," he said.


So apparently the president understands the concept of wanting to keep what is yours.

In a brief appearance with advisers at the White House, Obama branded the latest round of bank bonuses as "obscene." But he said his goal was to prevent such excesses in the future, not to punish banks for past behavior.


So while Obama wants "his" money back, he doesn't want to allow banks or their executives to keep whats theirs.

Obama said big banks had acted irresponsibility, taken reckless risk for short-term profits and plunged into a crisis of their own making. He cast the struggle ahead as one between the finance industry and average people.


The government, too, has acted irresponsibly, taken reckless risk for short-term satisfaction, largely contributed to the present crisis, and is plunging our country into a future dollar and debt crisis of potentially epic proportions.

The struggle is not between the finance industry and average people.

The struggle is between all of America and a completely out-of-control administration whose borrowing, printing, and spending threatens the very stability of our country.

This administration is so out of touch with reality it doesn't even realize the hypocrisy and double-standard of what it's saying, and apparently doesn't realize that increasing taxes on banks is diametrically opposed to its stated goal of getting banks to loan more money.

 Go to the article list