Under Obama Small Business Gets Crushed Big Business Grows & Rich Get Richer

Discussion in 'Economy' started by KissMy, Jan 5, 2012.

  1. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,064
    Thanks Received:
    2,144
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,923
    Under Obama Small Business Gets Crushed. Big Business Grows & Rich Get Richer.

    Under Obama the wealth gap has widened further & faster than any time in our history.

    Under Obama the IRS increased it's assaults small business owners with huge fines that are meaningless to big business.

    The big banks he bailed out are screwing small business. Bank of America is demanding that small-business customers pay off their credit line balances all at once instead of making monthly payments.

    Is it any wonder that small cap stocks (Russell 2000 index) lost 4% last year as large cap stocks (S&P 500 index) gained 2.1%???

    Small business has always been the job creators in this country until Obama took office.

    Face-it people, Obama is in bed with big business, screw everyone else!
     
  2. DSGE
    Offline

    DSGE VIP Member

    Joined:
    Dec 24, 2011
    Messages:
    1,062
    Thanks Received:
    30
    Trophy Points:
    71
    Ratings:
    +30
    The banks were bailed out by Bush, not Obama. :cuckoo:

    Pathetic trolling. You fail.
     
  3. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,064
    Thanks Received:
    2,144
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,923
    You fail idiot. Senator Barack Obama voted for the Wall Street bailout bill that Bush signed into law. As President Obama has continued to support the Big Banks. The big banks were the largest contributors to Obama. Jon Corzine was his #1 money man.
     
    Last edited: Jan 5, 2012
  4. DSGE
    Offline

    DSGE VIP Member

    Joined:
    Dec 24, 2011
    Messages:
    1,062
    Thanks Received:
    30
    Trophy Points:
    71
    Ratings:
    +30
    Him and 73 other senators. He didn't draft and advance the fucking bill. If he hadn't voted for it it still would have passed. If there's any blame to go around it goes to Bush and Paulson.
     
  5. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,064
    Thanks Received:
    2,144
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,923
    You are clueless.

    Q - Is Obama bailing out any small banks?

    A - NO!
     
  6. DSGE
    Offline

    DSGE VIP Member

    Joined:
    Dec 24, 2011
    Messages:
    1,062
    Thanks Received:
    30
    Trophy Points:
    71
    Ratings:
    +30
    Well he's not bailing out big banks either. The bank bailouts were ages ago. And what reason would there be to bail out small banks? The justification of the bailouts was that the banks were so big that their failure presented a systemic risk.
     
  7. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,064
    Thanks Received:
    2,144
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,923
    Systemic risk to rich people. The rest of us have accounts insured to $100k or have no money. The bailed out zombie banks are not lending to us. They are calling their loans on the small guy. Saving the big banks only saved the rich who gave money to Obama.
     
  8. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,064
    Thanks Received:
    2,144
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,923
    Obama is screwing small business, their job creation & innovation. He is in bed with unions & the big business who employ them. He hates small business because they tend to be non union & harder for the IRS to track tax revenue.
     
  9. FireFly
    Offline

    FireFly Bright F**ker

    Joined:
    Oct 17, 2009
    Messages:
    1,215
    Thanks Received:
    492
    Trophy Points:
    263
    Ratings:
    +520
    Big Business Obamanomics

    Lets see if Obama can pile on even more small business regulations in 2012 as his big banker buddies cut their credit. It must be nice to have the government cover the big business union pensions with the PBGC while the small business man is told to sink or swim.

    The numbers prove Obama is all about Big Business & their generous contributions to him, not to mention their unions generous contributions to him also.
     
  10. DSGE
    Offline

    DSGE VIP Member

    Joined:
    Dec 24, 2011
    Messages:
    1,062
    Thanks Received:
    30
    Trophy Points:
    71
    Ratings:
    +30
    First off, rich people don't hold most of their assets in deposits with banks. Second, they can put deposits in multiple accounts in multiple banks to get more than $100k of it insured.

    The idea of systemic risk is that it's systemic. If it were confined only to rich people then it'd be... I want to say idiosyncratic risk, but that's already a thing. The point is, the justification for the bailouts was that if the biggest banks failed, financial contagion would cause other (healthy) banks to become insolvent. In which case the tax payer would be on the hook for all those accounts insured up to $100k. Whether you believe there was actually risk of that or not, small banks certainly don't pose systemic risk. That's why nobody bailed out small banks.

    And what? You want Obama to somehow force the banks to lend?

    Well it depends. If you believe the systemic risk story then it could very well have saved the tax payer money. I don't entirely believe it, but the point still stands: Bush and Paulson get credit (/blame) for the bank bailouts.
     

Share This Page