Obama wants to tax banks

[Dan40]

Originally Posted by Excaliber

Dan, fastd posted a link to an AP story about the 700 or so banks in post #28.

That article says "more than 700 banks," not exactly an accurate figure. [set the gap at "more than 700 for best mileage!"

And if that article is accurate, BANKS have repaid 66% of the money they received. 70% return counting interest. That's BANKS, not Government Motors , Chrysler and 'others.'
But again, if accurate, $368B disbursed, total to all recipients. $173B returned by banks = 47% returned by them alone. Zip, wala, nada, zed, zero returned by our "SAVED" auto companies. Better put that penalty tax on FORD too, since they were so RUDE and didn't take the kind offer.

[BlueRooster]

Ex, it is more than 11 that repaid. I get that that is far from many. But the 11 that did repay are the largest of the 700. They will be the ones that will have to bare the brunt of this fee/tax. that's all i'm saying. I'd also like to have accurate information on this before I risk foot in mouth syndrome.

[Excaliber]

BlueRooster, good point! Those that have paid some or all represent the "lions share" of the monies.

The current emphasis on accurate numbers and facts is a good sign we may be moving away from "spin" and into a reasonable discussion of the facts.

All though, I still like the occasional spin burb just to keep us awake around here.

[Ralphy]

I guess people have not seen my post. #25 Seems the most complete.

Originally Posted by Dan40

RESEARCH:

Does anyone have links to:

Who the "700" TARP recipients are?

Bailout Recipients Updated: Jan 13, 2010
http://bailout.propublica.org/main/list/index

Companies That Have Refunded Bailout Money
http://bailout.propublica.org/main/list/refunds

764 received bailout $$$$$$$$
58 have refunded not counting the ones in proses.


Total Actually Invested or Loaned:
$331,668,631,451

Total Returned:
$143,113,379,000

[Ralphy]

Fannie and Freddie are two of the biggest receivers. However nothing is said about paybacks, 6 million dollar jobs, etc... Knock off $110 billion of money owed, that's what they got. We will never see it. So that means really only $33 billion is still owed.

That is only about 10% still owed!

http://www.youtube.com/watch?v=usvG-s_Ssb0

[Dan40]

Originally Posted by Ralphy

I guess people have not seen my post. #25 Seems the most complete.

Bailout Recipients Updated: Jan 13, 2010
http://bailout.propublica.org/main/list/index

Companies That Have Refunded Bailout Money
http://bailout.propublica.org/main/list/refunds

764 received bailout $$$$$$$$
58 have refunded not counting the ones in proses.


Total Actually Invested or Loaned:
$331,668,631,451

Total Returned:
$143,113,379,000

Thank Yew, Thank Yew ver much!

[fastd]

Originally Posted by Excaliber

Not MY fellow Democrats, I'm an independant. But I do in fact support many of the Demo's current plans however.

New count on the banks that have paid back. According to Fstd it is now up from 6 to 39 out of 700. Still FAR from "many" as MOST in this thread would like to believe.



Let me help you out with that miss leading quote.

TWO ADMINISTRATIONS formulated a bail out plan, Bush and Obama. Nothing miss leading about it, that's a fact. Bush started TARP when he was still in office.
10/14/08 - Bush orders 7 major banks to accept an infusion of $250 billion taxpayer dollars. The banks involved are: Bank of America, J.P. Morgan Chase, CitiGroup, Wells Fargo, Goldman Sachs, Morgan Stanley, Bank of N.Y. Mellon, and State Street Bank.

Both Bush and Obama acted on the advice of the Nations best economic minds as to how to stabilze the economy. You can question it all you want, but I'll take their advice over the right wing radical tea leaf fools that think they have a better idea.

As the majority stake holder in a company you have the right to call the shots. That doesn't mean you "own" the company. In this case if you don't want the majority stake holder calling the shots the solution is simple: Buy 'em out. The Government is waiting, show me the money. Until then STFU and you will do business with the Gov.

fstd, perhaps you are the one who needs to do a little more research.

I don't see that you pointed out any misstatements or problems with my research.

Notably absent from your last post was the complete avoidance of my point regarding facist tendencies by you and your fellow democrats...blindly support everything that Obama does without question.

[Excaliber]

Well, we can call it a draw then.
Bush orders 7 major banks to accept an infusion of $250 billion taxpayer dollars. Bush ordered it, Obama spent it.

Facist is barely worth a response, I'll keep it short. A protest should be done in a civil and reasonable manner. The radical right, notably the tea leafers, methodology include the use of; Swear words, Hitler signs, communist accusations, physical and personal intimidation, outright lies in mass emails and even violence in a public setting. THAT is facism. It went way beyond "spin" or "miss leading" or even "negative campaigning". Such tactics are wholly unacceptable in a civilized society.

Note that BROWN, a supporting associate of the tea leafers, is now scrambling to distance himself from that group. And with good reason, no reasonable politician wants to be in league with them!

[fastd]

I am not sure which tea leafers you are talking about; if you show me the article I can better respond. You'll have to show me the proof of Swear words (oh my!), violence, personal intimidation and Hitler signs. As far as outright lies, I will say, without feeling like I am at all going too far, that Obama is a first class liar. The list of lies is long and distinguished but I won't go into them now because I would guess that you would just ignore the post. But I would offer that many of those who are calling Obama a liar is the ultra left wing who feel like Obama has abandoned them already (ever watch the Bill Maher show on HBO?).

My perspective on the tea movement is this: the majority of Americans, while they support SOME type of health care reform, do not support ANY type of health care reform, including the current proposal offered by Congress - show me one current poll that shows Americans support this version of health care "reform". In the best tradition of a grassroots movement, the tea leafers, without funding or organization, challenged their representatives in town hall meetings to prove they are acting in their interest. If that is uncivilized protest, I will take it all day long. You (and your fellow democrats) have complained about our lousy politicians but get upset because a bunch of senior citizens are worried about how their healthcare coverage will change. You, yourself, in prior posts indicated that we as a nation have to have a tough discussion about how health care resources are allocation; that we will have to make tough end-of-life choices about denying healthcare to the elderly and infirmed; but you are too upset to hear swear words from the people who it effects directly? My, what delicate sensibilities you have.

As far a facism being barely worthly of a response, you have no problem calling Capitalists facists because they support free market ideals, but it is "barely worthly of a response" when I accuse you and your fellow Democrats of blindly following Obama. Humm...

[Excaliber]

I never called Capitalist facists, I refer to the group(s) you apparently support or are a member of: The radical right and in particular the Tea Party group.

I accuse you and your fellow Tea Leafers of blindly following a facist style of protest that Republicans are desperately trying to dissassociate themselves from. That speaks volumes about their "protest style".

So, you haven't seen the Hitler and swear word, signs, slogans and posters typically used by or associated with the Tea Party? What, are you blind??

[mdmull]

So I may become one with the Excaliber world, what pray tell is "fascist style"

[Excaliber]

Fascism is a political ideology that seeks to combine radical and authoritarian nationalism with a corporatist economic system. It's far right of left/right political ideas.

There are many terms that defy a precise definition. Example: "Middle Class", more than 80% of the US population thinks they are middle class. Which obviously can't be the case in a strict definition of the term.

Facist, the term, may escape a precise definition, but like pornography, I know it when I see it. fastd and his fellow radical right wing tea leafers certainly qualify.

[fastd]

Ex,

You have provided no convincing rebuttal to my original assertion that you and your fellow Democrats are blindly following Obama - I submit that blind allegience to a political leader, without questioning his impact on the citizenry and Constitution is "facist style".

As far as the Tea Party, you have offered no sensible data that would indicate that as a grassroots movement, the Tea Party was an enormous success and consistent with the best traditions of our Republic.

As far as my own personal politics, you can call me whatever you like if it makes you feel better about yourself. You choose not too see many things, I can't expect that you will suddenly be inspired to see clearly when it comes to my own views.

[Excaliber]

Can I call you "Tea Bagger" then? Some Democrats may be blindly following Obama just like some Republicans blindy follow Rush, the defacto Repub leader. If the Tea Leafers were so successful why is Brown trying to distance himself from them in the Mass. special election? Things that make you go, Hmmmm..... What exactly DID the Tea Leafers accomplish anyway (besides a new use for Hitler slogans)? Just how "successful" has this group been, or will be? Where are they now? You guys got some secret meeting hall or something?

I'm not blindly following anyone, I pick and choose what, who, when to support.

[392cobra]

Originally Posted by Excaliber

a new use for Hitler slogans
I'm not blindly following anyone, I pick and choose what, who, when to support.

[bomelia]

Originally Posted by Excaliber

Can I call you "Tea Bagger" then? Some Democrats may be blindly following Obama just like some Republicans blindy follow Rush, the defacto Repub leader. If the Tea Leafers were so successful why is Brown trying to distance himself from them in the Mass. special election? Things that make you go, Hmmmm..... What exactly DID the Tea Leafers accomplish anyway (besides a new use for Hitler slogans)? Just how "successful" has this group been, or will be? Where are they now? You guys got some secret meeting hall or something?

I'm not blindly following anyone, I pick and choose what, who, when to support.

Why do you make fun of people who are passionate about what they believe? You are passionate about what you believe and you get mad as hell when someone pokes fun at you. Hell, you attacked me personally via email for something you misunderstood. And I didn't come after you. Yet you poke fun at folks who attend Tea Parties, which by the way are a rememberance of the spirit that helped create this great nation that is now poised to give you all kinds of "free" stuff at the expense of those who go out and work hard for it. You use a term that is gross beyond belief. Tea bagging is a reference to licking a man's testicles. If you think this is appropriate, then you need to grow up.

Independant my ass. You follow in lockstep with all of the Democrat talking points. You are a rude person.

Mike

[Ralphy]

Bomelia, consider the mentality.

Quote, "Will this provide free health coverage for every man, woman and child on the planet?",

"If so, I'm in, let's do it!"

Excaliber

[fastd]

One Tea Party Success includes getting rid of Chris Dodd as reported on the National Review Online:

Wednesday, January 06, 2010

Chris Dodd as a Tea-Party Success Story [Kathryn Jean Lopez]

That's what Peter Wolfgang, executive director of the Family Institute of Connecticut, argues. He tells me: "Dodd was forced out by the Left because he was a sure loser. But he was a sure loser because the people of Connecticut finally held a high-ranking member of the majority party responsible for his misdeeds. And that was only because of the work of grassroots activists who relentlessly shined a light on Dodd's failures. The conservative movement in general and the Tea Party movement in particular should take a bow. Regardless of whatever may happen next in the race for Connecticut's Senate seat, today they slew a giant."

[Excaliber]

For those of you who choose to ignore my position, that of an independant, and insist on placing my affiliation as a Democrat I can only conclude you are in fact facist pigs, radical right wingers and members of the tea bagger party. When your ready to quit using labels, let me know.

Until then, you radical nut cases will get ZERO respect from me, to wit and in particular 392Cobra, fastd, bomelia.

So there is no chance of a miss understanding:
If you wish to make it personal I'll be glad to nuke your azz offline, email, PM, your call. Let's get it on.

[Excaliber]

A bunch of fascist's, I rest my case...