……Obama has hit out at Wall Street “fat cats”, expressing anger that banks bailed out by the government plan huge bonuses while millions of Americans battle poverty and unemployment.
“I did not run for office to be helping out a bunch of fat cat bankers on Wall Street,” Obama said Friday in excerpts of an interview with CBS television to be aired on Sunday.
Oh my gawd. Is this fucker for real???? “Fat cat” bankers (i.e. businesses, large and small) help drive the economy, along with employment.
He needs to be picked up by the scruff of his bony neck and shown the process of free market enterprise from the investment stage to production. He doesn’t understand a goddamned bit of it.
This is coming from a ‘president’ who not only forced TARP on banks and gave them billions in taxpayer-funded bailout money, but has the gall to complain when they use it for salaries and bonuses. The Democratic Party was part and parcel to the Freddie Mac/Fannie Mae debacle that kicked off the government-dictated subprime lending rates, and subsequent market collapse. They refused to allow regulation of the out of control programs and as a result, failed banks across the United States were seized by the FDIC.
The deficit black hole he’s created with his feckless spending and power grabs has more to do with the lousy economy than the “fat cats” on Wall Street.