Capitalism seems like a dirty word these days. You would think the President would be happy that the companies he helped have turned around and actually started making money. In fact, they've made huge profits, which Barack Hussein Obama now wants to tax. His reasoning is the big banks are partially at fault for causing this financial mess. I disagree with that theory, but I understand the reasoning.
Another contributor to the financial mess of 2008/09 was the Federal Reserve. They kept rates unrealistically low for longer than they should have. In fact, some people blame the Fed for bringing us from the Tech Bubble to the Housing Bubble. Using Mr. Obama's logic, maybe we should tax the Fed's Profit since they are responsible.
Meanwhile, Chrysler is about a year away from being a collector's item and GM has Howie Long on the TV telling you why his Chevy is better than your Honda. How stupid does he think we are? Wait, don't answer that, we are the ones that gave GM 5+ Billion dollars for essentially nothing. And because Obama knows Chrysler and GM will never be able to pay the money back, he thinks taxing corporations that are growing and providing jobs is a good idea.
Only in Washington.
Friday, January 15, 2010
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