Obama To Banks: 'We Want Our Money Back, And We're Gonna Get It'

Oh, one other question about that.

Why "couldn't" he put in a new team? Was his campaign team not smart enough to deal with it? I don't understand this argument. When a company is failing, they kick out the CEO and try for a new direction. Why couldn't we take the same approach?

In the scenario you describe, this new 'fee' is effectively a tax on bank customers... even though it's described as a "tough" measure against banks.

Yeah, who better to take on the bad ol' banks... than a couple of bankers who helped cause the problem in the first place??

And what better solution to a debt-and-credit bubble... than a massive increase in borrowing and printing money??

If Obama's prescriptions really will make the problems worse (hint: they will), then Obama supporters should be sounding the alarm. If O. screws it up, it will damage the Dems' electoral chances for years.

Folks, try and curb your reflex for getting so knee-jerk defensive any time someone offers a criticism of the prez... a reflex developed from years of reacting to right-wing spin-meisters on Fox or something, I guess. I'm a liberal who rooted for Obama from day 1, and I think it is very important to hold his feet to the fire. If you really care about the success of the admin., you'd agree.

I'm not a concern troll, and no I didn't expect O. to have solved all the world's problems by now. Just for the record.

Yea he is totally in bed with wall street. That is stupid. Wall street hates OBama. This is the stupidest argument on the internet right now. 4 more years of Bush anyone? If you spent this kind of energy attacking the right we might be in a better place. The right does a better job of sticking together. We could learn something from that.

ohyeathatsright, If thats true then what has he done that you support? Anything? I know it's hard to sit in our underwear and figure out the issues of the world. I guess someone has to do it. Obama didn't start this crap. I back him for more than a year. I'm not 100% behind everything he has done with the bank situation but I'm not sure he isn't trying. He didn't casue the bank collapse. The notion that he had all this time to bring in the right team to reform is crazy. We were loosing over 700,000 jobs a month. Large corporations were filing bankruptcy or needing this bailout. We all don't like it. Do you think he had the time to implement strong regulatory reform before his stimulus? Hell no he didn't. THat will not be fixed even if he threw his entire weight behind the problem for his entire presidency. It will take years to reform wall street and the banking system. Last time I heard that's on his agenda this year. You can criticize all you want. I don't give a !@$%&. Can you at least try to sound like you support him. It sounds like an effing Tea bagger website. My mane concern is getting him elected for 4 more years and then getting someone even more progressive after that for 8 more. Baby steps. Again I'll say this one more Effing time, the republicans have been in power 30 of the last 43 years. You could say 34 if you count the last four of Clintons presidency. Did you attack Clinton when he rolled over for the banks. It took the GOP 43 year to completely destroy our social and economic infrastructure. Its going to take Obama and two more 8 year terms from a liberal to fix it. I think there is a ton of juvenile disappointment in the air that the country hasn't been turned around in 1 year.

What it reminds me is when my 15 year old son gets disappointed that I took his XBOX away and he expected to get it back before the next report card. He whines and cries too. I'm glad Obama is level headed and patient. Because he needs it. With a political base like this who needs enemies.

Have you ever heard that it takes a wolf to catch a wolf? Or in this case it takes a thief to catch a thief. Yes they caused it. Who better to quickly come in and fix the crumbling system. No they will not be the people who reform. They both need to go I agree. Hindsight is 20/20 and I'm sure you would have done it in a different way. The Tarp is almost paid back and he wants to tax their ass for the rest. What in Gods name is wrong with that?