Obama Being Stupid Again

Yes, I know many of you don't have business degrees, and are probably don't even have anything higher than a high school education. Some of you are pro-Obama, pro-Socialist, and probably anti-corporation for whatever reason you feel is true.

So I'm going to dumb it down for you.

Obama is going to toss a tax to banks for repaying the TARP (thats the bailout money that Bush started, and he doubled as soon as he came into office) even though most of them already paid back their loans in full, or have not taken out a loan in the first place.

Its pretty much Robin Hood tactics, steal from the rich (or in this case, tax them) and give it to the poor (or in this case, the government, and I seriously doubt anyone would consider the government poor, even with the worlds biggest $1,000,000,000,000+ debt it owes). Except this won't be like the story, you aren't going to see one cent of this money.

What you will see, however, is more businesses going out in business thanks to the following: Higher fees to businesses for making loans, higher fees to the customers for monthly business (i.e. checking fees and all that) and more taxes to come when this looks to be "sucessful" in the short term.

Less businesses out there means less jobs for people to have, which also means higher unemployment.

Our major problem is not the national debt, but the unemployment rate, which is just under 10%.

We need to stop punishing the rich, it is not working. Has things really improved at all since Mr. Obama taken office? According to the most recent economic factors, it hasn't. The "improvements" that the media is showing lately is because of the year-by-year analysis from last year. We have slowed down our recession, but thats because of the huge dip it took right after Mr. Obama was elected, and it "improved" because we didn't take such a big dip as last year....

...I don't know about you, but downward is not improvement...

Taxing banks to recover "unrecoverable" money even though they had absolutly nothing to do with it is not the right solution.

Fail.

Obama has this weird thing going where he (seems) to want more businesses to drop out in order for the economy gets better.


I just don't understand it to be honest.


All I can hope is it works, if not I will know everyone voted for him just cause "LOLBLACK PREZ OMGWTF"

I didn't vote for Obama

I gave up on Obama before he was even elected. -_-

Well I know a lot of people didn't, but for the people that did, did you vote for him because of what he proposed or just because "HOLY ***HE'S BLACK!!!11111oneone111"

I agree, thats probably what most people did.

I think most people voted for him because "HOLY ***HE'S NOT GEORGE BUSH!!!11111oneone111"

Sad part is I know a group of people that did only vote for him because he was black.


Didn't help that this group WAS ALSO black, so it's more of a "Support this guy just cause he is black thing" rather then a "support this guy because he knows what he is doing and won't *** us over like bush did"

Well to be fair, for every person who voted for him because he's black, there was probably another person who didn't vote for him because he was black

fyo didnt say "LOLWE ARE PRESIDENT"

If I was of the voting age at the time of election, I would've voted for him because I don't stand for conservatism. Aaaand I'm not black.

While bush was (ready: Definatly was) a moron he seemed to do better then obama (in my opinion)

Only thing I can say is "Time will tell what Obama has in store for the fate of the USA"

I really hope he starts making better decisions.

Well I have yet to see what the big deal was

cool story? bro?

lol

McCain? Or no vote?

McCain had a banging vice presidental canidate. He woulda kicked the bucket and she'd have the handle bars of america, and this girl looks like she can ride ;) apparently her daughter likes to ride pipe layers too.

I wish more of my friends were interested in the politics of the UK...

Alas, I have no-one to rant at.

Meh K you should go post this on some economical forum so you don't have to open with most of you guys are dumber than me( You may still have to though). That way you can have intellectual conversation with people that share your same concerns.

I know you posted this in the political section but its still a FFXI forum.

MOAR SMN solo!

Well the only problem I have with Obama is the health care thing that he introduced. Health care cost rose for me an extra $60 taken out of my paycheck because the health care company had to adjust for whatever nonsense he put out. And then my company tried to compensate the cost of health care and even with that, I still got more taken out of my paycheck than last year.

I didn't vote for anyone either.

Not even registered, lol.

ROFLMAO

I'm bored of our politics and our prime minister. You know what was on the front of the paper the other day? How cold it was for Mr Brown inside Downing Street. Who cares?

I wish i could say that this is the most ignorant thing i have ever read concerning politics. At least you're trying and I for one am glad you weren't old enough.

On topic: The thing that irritates me (besides Korpg's condescending tone in the OP) is that we are going to be paying for this AGAIN.

Obama decides to borrow money we do not have, as we were already in a deficit, to pay bills that are not the taxpayers fault. Imagine you are incredibly in debt and cannot afford to pay your bills. You take out a new line of credit or new credit card and put all your old bills onto this new credit. Now not only are you invested for the interest on your old bills but you're responsible for the new interest as well. It will temporarily bolster the economy making obama look good while hes in office but making future presidents look like jackasses when the economy crashes again (the foreign banks will call to collect sometime).
When the money was given to AIG and friends there were no statutes set for repayment and/or recovery of the taxpayers investment. Now Obama is going to make this big show of trying to recover the money by taxing the banks and making himself look good in the process. This money will fill the coffers in Washington giving the politicians more money to grossly misappropriate. The sad thing is that instead of eating the money the banks will just pass on the cost to its customers and in the long run the cost will hit you and me. In the end this will result in Joe taxpayer paying for this debacle TWICE and the banks and the government making a profit still.

And they say Republicans favor big business...........

id rather see clinton in the whitehouse imo...all he did was be a "man" least he didnt cause wars or not know wtf he was talking bout lol.