Obama Imposes ANOTHER Tax on Americans
Every American has every right to be mad at the banks. Every American should be OUTRAGED at Obama and Congress.
Obama is set to unveil his levy on on 20 financial institutions in the guise of paying back Americans. He’s doing it by committing to get back the confiscation of Americans’ hard earned money by him & Congress. He’s doing it to reduce the federal budget deficit that he & Congress quadrupled in less than a year. How noble of Obama & Congress.
The problem is you, yes you America, are the ones who will be paying for TARP…again.
Businesses offer products & services to customers and there is always a cost associated with those products and services. These costs invariably get passed on to the consumer. That would be you.
Obama’s new trick is to leverage your anger against the banks and position his new levy as punishment for them. The banks will past the cost of this levy down to you. It’s just ANOTHER TAX. It doesn’t matter if it’s done in 5, 10, 15, or 20 years – you still pay. Again.
THE ONLY ONES BEING PUNISHED ARE YOU AMERICA.
So go ahead be mad at the banks but you have every right and justification to be OUTRAGED at Obama & Congress.
But if you’re okay with this, continue being a bunch of circus elephants.
Related articles by Zemanta
- Obama to Announce Fee on 20 Banks (businessweek.com)
- Obama to Propose Bank Tax to Recoup Bailout Losses (nytimes.com)
- Obama to Announce Bank Fees Thursday (time.com)
- White House Considers Bank Fees (online.wsj.com)
| Print article | This entry was posted by Fleckman on January 13, 2010 at 7:48 am, and is filed under Politics. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=15c27196-5d9a-4d0c-8dee-d6989b62dd32)