Diary

Any Idea What Barack Obama Avoided Like the Plague Tonight?

Okay, he didn’t talk about victory or winning, but on domestic policy.What big topic did he not mention?Here’s a hint. He said:

But when I ran for President, I promised I wouldn’t just do what was popular – I would do what was necessary. And if we had allowed the meltdown of the financial system, unemployment might be double what it is today. More businesses would certainly have closed. More homes would have surely been lost. So I supported the last administration’s efforts to create the financial rescue program. And when we took the program over, we made it more transparent and accountable. As a result, the markets are now stabilized, and we have recovered most of the money we spent on the banks. To recover the rest, I have proposed a fee on the biggest banks. I know Wall Street isn’t keen on this idea, but if these firms can afford to hand out big bonuses again, they can afford a modest fee to pay back the taxpayers who rescued them in their time of need. As we stabilized the financial system, we also took steps to get our economy growing again, save as many jobs as possible, and help Americans who had become unemployed.

You’d think if he mentioned that, he would have mentioned the auto bailout.Why no tax to be paid by the auto dealiers? Heck, many would argue the banks are undercapitalized and if interest rates go up, they are dead. But the government owned auto companies? Why not a tax paid by them to reimburse tax payers?Maybe it is because of the unions. In any event, it sure is hypocritical of Barack Obama to demand a tax on banks to pay back money many of those same banks did not want and tried to give back without also demanding a tax on the auto manufactures to pay taxpayers back for bailing them out.