What this moron understands about business and economics could be written on a neutron with 95% of the available space left blank.
He may “tax” the banks, but it will be the BANK CUSTOMERS who will pay the “tax” in higher fees and lower interest on their accounts.
"We need to impose a fee on the banks that were the biggest beneficiaries of taxpayer assistance at the height of our financial crisis — so we can recover every dime of taxpayer money," Obama said in his weekly radio and Internet address.
So “we” (the “we” being Obama and his sycophants in the government) can recover money. The taxpayers, who actually paid for the bailouts, will recover NOTHING.
Indeed, now, in addition to being robbed by the government to pay the banks for the bailouts, the taxpayers will again be robbed by the government to cover Obama’s obscene government spending programs.
This is a lose-lose proposition for the all the citizens of this once prosperous country
Obama and his sycophants must be removed from power before their destruction of our country becomes irreversible.