Posted on 01/16/2010 11:27:35 AM PST by Free ThinkerNY
In his weekly address, President Obama unloaded on critics of the bank fee, questioning how anyone could have the “audacity” to suggest his proposal is unfair.
“Like clockwork, the banks and politicians who curry their favor are already trying to stop this fee from going into effect," he said. "The very same firms reaping billions of dollars in profits, and reportedly handing out more money in bonuses and compensation than ever before in history, are now pleading poverty. It’s a sight to see.”
The president said the poverty plea is hard to believe when Wall Street banks are handing over more money in bonuses and compensation this year than the cost of the fee over the next 10 years. If they can afford that, they can afford to pay back the American taxpayers, the president said.
“Those who oppose this fee have also had the audacity to suggest that it is somehow unfair,“ President Obama continued, “that because these firms have already returned what they borrowed directly, their obligation is fulfilled. But this willfully ignores the fact that the entire industry benefited not only from the bailout, but from the assistance extended to AIG and homeowners, and from the many unprecedented emergency actions taken by the Federal Reserve, the FDIC and others to prevent a financial collapse. And it ignores a far greater unfairness: sticking the American taxpayer with the bill.”
(Excerpt) Read more at blogs.abcnews.com ...
Last year we were robbing Americans to “save the banks” and now we are robbing Americans to “pay it back”.
Benito Bo is right.
He’s such a whiney little kid. Anytime anyone critizes one of his moron plans, he attacks them instead of responding to the criticism.
So I guess Obamao is criticizing his good buddy Bloomberg who said this tax on the banks will turn NYC into Detroit?
Where is your BC, Mr. Pres_ _ent?
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i wouldnt tax the banks i would break them up and destroy these criminal enterprises and the fed who made 59 billion this year
This is exactly how marxist dictator Chavez took control in Venezuela.
"Show me just what Mohammed brought that was new, and there you will find only things evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelogus
http://tyrannysentinel.blogspot.com/2010/01/atrocity-of-hope.html
Last year the American people to “bail out the banks” and this year El Jeffe Obama has decided to tax the banks (people who use them) to “pay it back”. So we, the people, get robbed twice under this scheme.
Who benefits?
Well obviously Obama is benefitting by trying to be the man who “saved” the banks and now the man who is “getting our money back” from the robber barons. It is all a put-up job, of course, do Americans really believe this crap?
The UAW benefitted, they basically own GM and Chrysler after the government shafted the shareholders. They also get exempted from paying it back and now they get exempted from the new healthcare tax until 2018.
Blatant political favoritism is an ugly thing.
Using the power of government to benefit friends and allies so openly while proclaiming to be doing a favor to those of us who end up paying for it, is audacious all right, its also atrocious. This is thug behavior, something we would expect from Hugo Chavez, the midget in North Korea or Castro in Cuba. This is not what we expect from our own government.
I guess that is the change they promised us.
Is this as bad as Congress saying I dont need a Social Security increase, but they give themselves a pay raise?
obama is stuck on stupid
He’s so steeped in his neo-Marxist revolutionary dogma he doesn’t have a clue about America, Americans, Liberty or the Free Enterprise system.
Severely abused children often have difficulties forming healthy relationships and “fitting-in”. Some are so damaged, they never do. He reminds me of one of them.
This POS president ,I swear to Almighty God, one of these days I’m just gonna’...... one of these days....
G-D help us .... in a way though I can feel how those people who hated Bush so much ... they had him we have Obama ...
Speaking of “Audacity”. I question who was the author of “The Audacity of Hope”?
I have questioned the AUDACITY of every utterance and Executive Order that NObama has done.
PLEASE—someone— claim the reward for the correct birth certificate for Barry. Also all his school records.
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