Reply #248: this is bulllllshitttttt [View All]

[dee_from_ott]

Taxes aren't going to save the financial sector. They only get taxed on Net Income, not on Net Losses.
Banks like Citigroup currently making Net loss (and not Net income) are not getting taxed. On top of that, the tax the banks would pay is so small relative to the subprime losses that it doesn't even matter. Automakers? What's he gonna do? he's gonna put competent people in GM's marketing team by holding off taxes?

This is stupid. If Obama lets us down it's going to be a hit on people's confidence to fight government.