The Angry White Guy

Obama bullying the “Fat Cat” bankers…

Posted December 14th 2009 at 10:38 pm by AWG

Yo dog... I'm going to stick it to the man.

After Obama called bankers a bunch of ‘fat cats’ today this disgrace of a fat cat Chicago thug president said…

Obama Calls for ‘Extraordinary’ Help From Banks to Boost Economy

“America’s banks received extraordinary assistance from American taxpayers to rebuild their industry and now that they’re back on their feet we expect an extraordinary commitment from them to help rebuild our economy,”

Might I remind Obama that the American taxpayer pays an extraordinary amount of taxes and we expect the government to use those tax dollars wisely and we expect an extraordinary commitment from them to help rebuild our economy… we expect member of congress to listen to the voter (i.e. the employer), we expect the government to safeguard the future. But the underlying fact is this is nothing more than Chicago thug tactics. What Obama said translate into this… ‘we did something for you, know you got to do something for us… or else’ typical Chicago street thug tactics and government SHOULD be above this kind of behavior, but not Obama… hell he’s not even above giving himself high marks for his performance. (That’s another post.)

As for banks, I do not have either love or hate for bankers, I had very few problems with them (like charging me $15.oo to do a same day wire transfer and taking 3 days to it … yes I got my $15.oo back.) now Obama want’s to bully banks (some of whom didn’t even ask for help and was forced to take it) to do more to loan money… wasn’t this exactly what got those banks in trouble in the first place? Wasn’t it people like Obama that SUED banks to loan money to people that in no way should have ever gotten a loan? Wasn’t it Obama’s buddies in ACORN that also bullied banks to loaning money to non-credit worthy applicants? Wasn’t it Obamabots like Barney Frank and Chris Dodd that also pressured banks to loan money to low income folks that had little chance of ever paying that loan back… and now Obama who gave the very banks down the road and the third degree for making risky loans that the government forced them to make, now want them to make more loans? Only a fool would get back into the same pool of sharks they just got out of…

Obama presses bank chiefs to lend more

President Obama, who lashed out Sunday at “fat cat bankers” who “still don’t get it,” plans to gather the heads of major banks at the White House on Monday to urge them to make more loans and to accept the necessity of greater regulation.

Obama convened a similar meeting with bank executives in March, and the need for a replay highlights the lack of progress in the interim. The banking industry has reduced lending for five consecutive quarters, even as it has regained profitability thanks to vast public aid.

The administration’s success in rescuing banks stands in starker contrast every day with the financial problems of many Americans, most of all the lack of new jobs, and Democrats made restless by the disparity are mounting pressure on the White House.

Meanwhile, the prospects for financial reform legislation have been clouded by industry groups that convinced moderate and conservative Senate Democrats that some proposals would unduly suppress financial innovation and limit economic growth.

No I think it’s Obama that doesn’t get it! Obama knows nothing about banking, nothing about private business of any size… I’d dare say Obama would screw up a the day to day operation of a lemonade stand. Anyone can see Obama doesn’t seem to grasp the simple concept that when you are out of money you STOP spending. even a drunken sailor knows that.

So what does Obama and the Democrat do?

Democrats plan nearly $2 trillion debt limit hike

Democrats plan to allow the government’s debt to swell by nearly $2 trillion as part of a bill next week to pay for wars in Afghanistan and Iraq. The amount pretty much equals the total of a year-end spending spree by lawmakers and is big enough to ensure that Congress doesn’t have to vote again on going further into debt until after the 2010 elections.

This is the larger debt ceiling raise ever in the history of the world! And they have already raised it once under Obama by another a trillion dollars, I seem to think that doing this now is going to do little to help them in 2010.

But we know it’s all about redistribution of wealth isn’t it…

U.S. To Pay $3.4 Billion to Settle Native American Suit

And the spending doesn’t stop there not even close to stopping…

Senate sends $1.1 trillion spending bill to Obama

Republicans decried what they called out-of control spending and pointed to an estimated $3.9 billion in the bill for more than 5,000 local projects (READ that as EARMARKS) sought by individual lawmakers from both parties.

WOW! 5000 earmarks, you know those things Obama wasn’t going to sign and so far he has signed about 20,000 give or take, so what do you do when you are out of money if you are congress you just spends and spends and spends and spend.

Obama has ran up more debt this year than Bush did in 8 (look it up libs) Obama continues to spend more faster than any president in history (adjusted for inflation… look it up libs) and he want’s to spend more… we have a phrase for it in the south but I’ll opt not use it here. Federal government employees are making more than ever while you make less, and they are avoiding paying taxes…

Postal Service Employees Owed $300M in Taxes, IRS Data Shows
Feds owe Uncle Sam $3B in unpaid taxes

But don’t worry the IRS is hiring…

Exclusive: IRS hires “hundreds” for new wealth unit

But I seriously doubt they’ll go after their own… nope just the so-called rich.

As for fat cats… Obama need to look no further than his own cabinet to find Wall St and Banking fat cats… it’s loaded with them.

More here…
People in “fat cat”-infested houses shouldn’t throw stones
Obama to banks: Show “gratitude” by losing money on loans

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