Obama: Worst than Jimmy Carter.

Another day in paradise.

Obama and his pathetic White House have made more mistakes in one year than Carter made in four years as President.  They are hopeless.

This President does not know what he is doing. He makes changes as he goes along.  This is what happens when you do not know what you are doing,  when you are weak, when you do not have a clue.


He is radioactive,  everything he touches  turns to crap.  So do not go near him.

Sunday he went to Boston, to campaign  and ensure a win for  Martha Coakley from defeat in a special Senate race for Ted Kennedy's seat.   Scott Brown won.  Another Obama failure.

Obamacare and health care reform is all but dead.  Obama failure again.

Now Obama wants to tax big banks.  He wants reforms and legislation so they will never become to big fail. 
His proposal would prevent firms with banks from investing in hedge funds, doing proprietary trading.

Another reform would bar large banks from using their own funds to trade financial instruments in the hope of making big profits for their own accounts. They would also be barred from owning hedge funds or private-equity funds.

This will turn out to be another Obama transfer tax. He will take the money from the banks - give it to the Treasury of other unworthy parties, and then the banks will get their money back from us.

So what did he solve?  Is this reform going to create more  jobs?  Or will we lose more jobs?
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http://marketplace.publicradio.org/display/web/2010/01/20/pm-frum-commentary/
Commentator David Frum outlines his viewpoint>

"The president has endorsed a tax on banks by size to collect a projected $90 billion over the next 10 years. The president argues that the tax will help repay taxpayer losses in the TARP bailout program for banks.

It's a crummy argument. Most of the TARP losses will be racked up not at banks, but at the AIG insurance company and the rescued automakers, GM and Chrysler. No tax for them."
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Here is what Mr. Tough Guy - Obama said............

Obama seemed to welcome the industry’s opposition. “If these folks want a fight, it’s a fight I’m willing to have,” the president said. He also criticized the “soaring profits and obscene bonuses,” at financial firms that say they are still unable to make loans to American businesses. He warned the financial industry to “work with us and not against us.”

Read more: http://www.politico.com/news/stories/0110/31769.html#ixzz0dH0Cy4X1

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After Obama made his announcement, surrounded by Paul Volker, et al.  He leaves quickly. Never takes questions.

Why?  Because he does not want any heat.  Its like a drive by shooting. Shoot and run.  Say what you have too,  then leave quickly.  He is so weak.

This president talks about transparency - where is it? 

Obama is mad because a lot of what he does fails. Instead of showing a little humility,  in light of all the problems this country has,  he is going to get tough, wants to play "Hardball".  

Well keep it up. And you see how the voters play hardball at the polls.  Obama did not learn anything from Massachusetts.

Again, as usual, his initiatives do not solve problems, they create  problems, and in the end he makes things worst.

 

That's what Jimmy Carter use to do.   Makes things worst.

 

That's what Obama does.  He makes things worst.