Thursday, January 14, 2010

Obama Going After Wrong People For Bailout Money Refund

Let’s see here. If you are a financial institution that refused to take any TARP money you could now be faced with a tax to help replace the money given out in TARP. If you’re a financial institution that took the TARP money and paid it back then you are now being faced with a tax to help recover the money from the institutions that didn’t repay their bailout money. However, if you’re a failed organization like Fannie Mae and Freddie Mac or the auto industry you don’t have to pay a dime despite the Obama administration funneling millions upon millions into these failed companies. Thus is life under the hope and change of the Obama era.


Borrow money and pay it back and you’re fined. Actually be a responsible business and not need a government bailout because you’re doing things the right way. Yep, you’re going to be fined as well. Why, you ask? Because someone has to cover for the idiots in Washington who made bad loans to people who took the money without paying it back and still ran their businesses into the ground. Do you actually think that someone in Washington is going to be held accountable for this? Nooooooooo! You and I are the ones who’ll pay for their mistakes through higher banking fees and interest rates.

Perhaps if Obama would pursue the terrorists with the same fervor and passion he has for killing capitalism then we wouldn’t have planes nearly blowing up over Detroit on Christmas Day. But then again that would require him doing something that actually looks out for the best interest of the American people which is something that we can all see isn’t going to happen with this administration.


Obama determined to recover 'every dime' the public is owed from bailout



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