January 14, 2010

"Change" you can spit on, frankly

The Messiah's latest bit of asininity:

President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the height of the financial crisis. "We want our money back," he said.

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.

The tax, which would require congressional approval, would last at least 10 years and generate about $90 billion over the decade, according to administration estimates. "If these companies are in good enough shape to afford massive bonuses, they are surely in good enough shape to afford paying back every penny to taxpayers," Obama said.

Advisers believe the administration can make an argument that banks should tap their bonus pools for the fee instead of passing the cost on to consumers.

They would have to pay up even though many did not accept any taxpayer assistance and most that did have repaid the infusions.

Hey Barack -- what about the "obscene" amount of money that GOVERNMENT flounders EACH AND EVERY DAY, huh?? And I also love the "argument" that the banks got "low-interest" loans. Really? What about the NO-INTEREST loans that GOVERNMENT gets EACH AND EVERY DAY from people's overpaid taxes (given back -- INTEREST-FREE -- after April 15th)??

And how will banks NOT pass on the cost to consumers, huh?

And how does your "argument" hold water when "many did not accept any taxpayer assistance and most that did have repaid" the loans???

And meanwhile, we see THIS.

And people wonder why this empty suit's poll numbers are sinking like a stone?

Posted by Hube at January 14, 2010 07:27 PM | TrackBack

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