Thursday

Taxing Lending gets LESS-Lending; and more taxation for small business

-Posted by D.C. Worth, for Barbay (France & US)

NEW WH BANK TAX PROPOSAL: VIEW.
"The U.S. government bailed the banks out with TARP. Then the banks repaid TARP last year, including the stock warrants that provided a handsome taxpayer profit from the banks. And now the government wants to tax them? In other words, help the banks get healthy, & then punish them?" Read..

VIDEO: KUDLOW REPORT- VIEW.
"Plan for 120 B Tax Hike on Banks, slaughter Markets."

More taxation w/out Representation handed to U S Small Business; as they demonize, then control banks.
VIDEO: "My commitment is to taxpayer$."

Image: These clowns are stretching it too far

Obama Team Strategy...
Blame Bush for TARP until it reaches its intended surplus... Blame Banks for the outcome of "Fred & Fan" after Dem's CRA forced them to Low-Lend... Fred & Fan get big uncapped Bonuses tied to taxpayers... Private Banks pay back Fed Gov. (with interest) & get tax hikes... Deny & resend, depending on polls.

Flashback: Obama Breaks Vow on Plans for Repaid TARP Money


Wind shifts, they say it is temporary... Blame banks.
But Bank Taxes directly affect the bottom line of each of these institutions. Obama Team's reasoning is these banks will or should restrict their compensation, possibly renege on contractual obligations to individual employees which may end up in the courts (got keep those lawyers busy) to pay the Federal gov...

Today's Links...
-Marcy K: THE LATEST REALITY GAME:
"Wall Street Bailout" Read. and also Here.

-READ: Follow the TARP (Tax-payer) surplus money to Blue State's unemployment; as struggling UNIONS produce hundreds of millions to fund 2010 Democrat re-election campaigns...

-VIDEO: Tim Geithner refuses to answer Brad Shermans question:
VIEW. And also: HERE. And HQ version: HERE.

-This would would end the spending of a few...(see image)
-And why it won't happen... (read below)






AlterNet: "Obama has now escalated deployments in the Af-Pak region to 98,000 US troops. So in Af-Pak and Iraq, he will now have a total of 222,000 US troops deployed, 36,000 more than Bush ever had – 186,000 was Bush’s highest total." (Even larger now.)


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