Without pausing for a breath...Obama now wants a bank tax

[CrusaderFrank]

I said it before: there are Soviet war planners in the Ukraine who are laughing themselves to death at how they wasted their lives trying to figure how best destroy the US economy with thermonuclear weapons when all they had to do was support the American Democrat Party.

The ink is not even dry on a 2,000 page Banking "reform" bill that not even it's criminally corrupt author knows how it will work, yet Obama now wants a tax on banks, banks who are still not lending.

"(Reuters) - President Barack Obama, fresh from a win on a sweeping overhaul of Wall Street regulations, on Saturday urged Congress to take up his proposal for a $90 billion, 10-year tax on banks as the next step in reform."

Obama calls for bank tax as next step in reform | Reuters

 

[CrusaderFrank]

"We need to impose a fee on the banks that were the biggest beneficiaries of taxpayer assistance at the height of our financial crisis -- so we can recover every dime of taxpayer money," -- Barack Adolph Obama

Is he taxing Fannie and Freddie?

Did you know that with FHA, they now control 100% of the new mortgages in the USA? Didja know that?

 

[Mad Scientist]

I'm sure the banks will eat that and not pass it on to the depositors (consumers).

Thanks Obama!

 

[Toro]

This is a tax being promoted by most leaders at the G-20 meetings this weekend. Most leader's except Canada's, which opposes it. See, this is why Canada is so clever.

 

[Big Fitz]

It's very simple why this is happening. They have 6 months to pass every dream they want and nobody can stop them. They know once in place the GOP will lack the politcal will to tear everything down, and Obama can fend off most of that until he is impeached or voted out. They also know that like Chavez, if they push through the right laws, they may be able to circumvent the election process and begin the fascist utopia they've been dreaming about since 1912.

There is but one cure for this. The repeal of all new projects, program, legislation, money transfers and taxes since 2006. It must be done ASAP or this country will not survive.

 

[boedicca]

Well Duh.

In the Orwellian World of Obamanomics, Reform means Tax.