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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (40411)1/12/2010 10:23:12 AM
From: Peter Dierks  Read Replies (1) | Respond to of 71588
 
You spend a lot of time laughing at Obama. It is too bad, you should be crying about the harm he is causing the nation rather than laughing at his hypocrisy.



To: DuckTapeSunroof who wrote (40411)1/12/2010 2:34:39 PM
From: TimF  Read Replies (1) | Respond to of 71588
 
2) and it ONLY GOES to PAY BACK the taxpayers' losses from TARP and reduce the federal deficit.

That hardly means its not a tax, or that it doesn't impact the middle class.

1) only applies to the "too-big-to-fail" banks who received BILLIONS from the taxpayers and are *now* massively profitable (just posted their most profitable year in decades, after being saved from utter failure by taxpayer money), and are in the process of paying tens of billions in bonuses to their top execs...

If your going to impose conditions or scenarios for large payments from the banks in order for them to get the bailout funds, than the time for such conditions (if you insist on doing the bailout at all) is before forking over the cash.

Taxes and fees imposed later are just taxes and fees, not conditions for the bailout.