“Getting our money back” bullshit

Serial tax cheat, Tim Geithner, and our dear comrade leader are pushing a bank tax. They claim that this is an effort to “get our money back” from financial institutions for TARP loans. But is it really?

1. The bank tax will inevitably be passed on to consumers and the White House has no way of stopping them from doing the dumping.

2. The tax won’t apply to non-banks, black holes Fannie Mae and Freddie Mac, or the bailed-out auto companies.

3. This isn’t about getting “our money” back. It’s about redistributing it again under the guise of faux populism.

More to the point, this is what I call the Cover Tim Geithner’s A** Tax. Making banks the whipping boys takes the heat off Geithner for his incompetent, complicit, and transparency-subverting tenure as New York Federal Reserve chair.

Team Obama wants you to keep your eyes on its fatcat barbecue charade.

Take a look at the graph below and judge for yourself.

bank taxSo, who’s fooling who here?

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2 Responses to ““Getting our money back” bullshit”

  1. Hm hm.. that’s quiet interessting but honestly i have a hard time understanding it… wonder how others think about this..

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