Thoughts & Commentary on the Obama Administration

[Beskar]

So the government bails out banks, but you can't tax the banks as taxing the banks = Taxing the American people and apparently the people shouldn't be responsible for paying the debts of others (ie: the banks) in your post.

I love this, keep it up.

[Crazed Rabbit]

So the government bails out banks, but you can't tax the banks as taxing the banks = Taxing the American people and apparently the people shouldn't be responsible for paying the debts of others (ie: the banks) in your post.

I love this, keep it up.

Good grief, did you not even read what I wrote? The government is taxing banks that paid back their loans. If they we're going after the banks that still owe money, that'd be different.


Also, it hurts the whole freaking economy. Taxes can't be used for petty, spiteful things because they effect everyone.

CR

[Brenus]

“The government is taxing banks that paid back their loans.” So, that is it. The crooks reimbursed all the money they took so they are clean again and are out of responsibilities…

[Crazed Rabbit]

Crooks, huh? Kindly list all those convicted of criminal actions in relation to the banking industry recently.

Populist actions may get some votes, but this will hurt the economy. Oh wait! Who cares? Fulfilling spiteful feelings should always be a president's top priority.

CR

[Meneldil]

Banks who had a role in the current crisis should be taxed to death. Good riddance.

[Crazed Rabbit]

And speaking of crooks; a liberal radio host says he'd break the law and vote multiple times to prevent republicans from being elected.

CR

[Beskar]

And speaking of crooks; a liberal radio host says he'd break the law and vote multiple times to prevent republicans from being elected.

CR

I think the majority of the country would do the same here.

oh wait... different Brown, silly me.

Though on another note, Republican is a very poor choice. I rather have our conservatives than anyone from the republican party, at least they aren't as bat insane.

[Louis VI the Fat]

Obama's approval rating is at an astonishing low. As for myself, Obama has completely grown on me. He is moderate, classy, and does what he said he would do. Although this very moderation and class means he too easily loses fights when the opponent is ready to turn it into a mud-wrestling match.
I hope Obama's second year will see Obama slam his fist on the table a bit more often.

Barack Obama declared war on Wall Street last night as he unveiled a sweeping series of measures aimed at checking the behaviour of banks and clamping down on risky deals.
The proposals, regarded as the biggest regulatory crackdown on banks since the 1930s, would limit the size of institutions and bar them from the most cavalier trading practices. Mr Obama hopes that the move will reset his flagging presidency.

“We should no longer allow banks to stray too far from their central mission of serving their customers,” he said. “My resolve to reform the system is only strengthened when I see record profits at some of the very firms claiming that they cannot lend more to small business, cannot keep credit card rates low and cannot refund taxpayers for the bailout. If these folks want a fight, it’s a fight I’m ready to have. Never again will the American taxpayer be held hostage by a bank that is too big to fail.”

http://www.timesonline.co.uk/tol/new...cle6997741.ece

Ten-to-one in two months time we will see angry mobs in town halls screaming that Obama should leave the poor banks alone. No doubt holding signs saying 'Keep Washington out of the financial sector!!', replacing previous signs saying 'Keep your government hands off my medicare!!'.