I Will Continue to Continue, to Pretend.... Message Board

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Politics : I Will Continue to Continue, to Pretend....

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To: Sully- who wrote (31926)	1/15/2010 11:43:53 AM
From: Sully-	Read Replies (1) of 35834

Obama announces new fee on banks, which will be passed along to you. By: David Freddoso Online Opinion Editor beltway-confidential 01/14/10 12:31 PM EST Speaking at the White House, President Obama said today that his new fee on banks will hit only the largest institutions, and will last either until the un-recouped TARP money is recovered ($117 billion) or for ten years, whichever is shorter. As John Stossel (who will soon be writing in these pages) puts it: <<< In other words, the Obama Administration is going to punish those greedy banks by making it more expensive for you to borrow money. >>> Another way to think of it: Having spent $257 billion so far on a Keynesian stimulus, the Obama administration is going to suck back $117 billion from the very banks he has complained are not making enough loans. I hope you're not still wondering why Obama has a majority disapproval rating on his handling of the economy. washingtonexaminer.com

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