Wednesday, December 16, 2009

And the Hits Just Keep Coming...

It just never ends...

First the elite bankers and their too "big too fail banks" are allowed to pillage America. Then they go broke. In the fall of 2008, Hank Paulson does his "sky is falling routine" with a few others and bails them out. Knowing full well-that his term at the Treasury is up and no matter what happens he is walking away and won't get held accountable.

Now Citibank, one of the biggest recipients of TARP funds, is going to pay off the loan. What little money taxpayers might have made on the deal has been lost as the US Treasury and the IRS have negotiated a secret little deal with Citi that gives them enormous tax breaks- and effectively strips away any profit we might have made.

Our fearless leader, amidst his hope and change rhetoric, has remained uncharacteristically quiet about tax breaks for US taxpayers. Although prior to his election, he maintained that he would remove the penalties for the millions of Americans who lost jobs and had to crack open their 401ks.

I read a few days ago that Obama gave himself a B+ for how he has handled the nation's business in his first year. I wish he was still teaching. That way I could get free government grants and loans, sign up for all of his classes, get some sleep and a B+.

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