April 4, 2009

Obama Refuses TARP Givebacks

Stuart Varney of the Wall Street Journal argues that the President isn't interested in banks succeeding, he wants to control them. President Obama is refusing to take back over $340 million from 4 small banks. These banks see what happened to GM's CEO and don't want the same thing to happen to them.

Obama already controls the US Automakers, wants to control the health care industry, and is stripping power from the military.

His militant friends in ACORN organized protests at the homes of Philadelphia Eagle owner Jeff Lurie because of $8 million in unpaid Skybox revenue due the City, and AIG executives who got bonuses their contracts allowed them to have. I don't suppose this manufactured chaos is an accident is it?

Obama is getting exactly the kind of change he wants, a little bit of chaos and a whole lot of control.


Anonymous said...

"Fast forward to today, and that same bank is begging to give the money back. The chairman offers to write a check, now, with interest. He's been sitting on the cash for months and has felt the dead hand of government threatening to run his business and dictate pay scales. He sees the writing on the wall and he wants out. But the Obama team says no, since unlike the smaller banks that gave their TARP money back, this bank is far more prominent. The bank has also been threatened with "adverse" consequences if its chairman persists. That's politics talking, not economics."

Hmmmmmm......Socialism, Communism, or Liberalism???? Or all three??

Ju said...

Obama at the G20 jointly produced a document to control "all firms" on the earth. It is not just the banks. They claim power over any firm 'essential' to the economy.

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