Monday, May 10, 2010

Today is Tuesday. Are we taxing banks or bailing them out today?

What do they want? To give banks money (force them to take it, even) or take it from them? Do they even know?

Check out this video:
http://c-spanvideo.org/program/293312-1

Watch one senator after another beat up on Timmy (pay your taxes) Geithner. In over his head, just like the rest of the amateurs in this administration.

Banks that didn't take bailout money should be taxed? Really?

Any idea when the administration might release details of where the TARP money went? This is transparency?


Reminds me of this cartoon...
http://www.4-blockworld.com/2010/05/the-three-classes-of-american-business.html

...and, of course, of Reagan's famous quote:
"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."

No comments:

Post a Comment