Thursday, January 14, 2010

Obama and the bank tax plan

Again, I'm speechless at the mendacity and hubris of the Obama administration. This guy is a true piece of shit. To rationalize the handouts he made to GM and Chrysler (read, UAW) by saying the financial crisis made it necessary? As if the mortgage meltdown was responsible for 50 years of shitty management and product decisions along with a power-drunk UAW that couldn't see the righting on the wall?

"The taxed firms are expected to pay the cost of bailout money that went to General Motors and Chrysler, which are exempt from the tax. The administration official defended the omission by contending that U.S. automakers collapsed in part because of a financial crisis of the banks' making."

You know I'm desperate when I'm praying for the Republicans to regain control of Congress, at least enough of a solid minority to stop really, really stupid shit like this from happening. Frankly, all evidence to the contrary not withstanding - I'm speechless.

in reference to: Obama to Unveil Proposal on Bank Taxes - WSJ.com (view on Google Sidewiki)

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