Wednesday, January 27, 2010

Tensions Rise

Republicans today are burdended with the task of trying to appeal to a people that has a bone to pick with big buisness. As you know, Republicans favor big buisness. Obama has elicited such when his proposal to restrict large corporations was met with rancid outrage on the part of the Republicans. Conversly, Republicans said it is possible to be pro-business while favoring the interests of workers and small firms over Wall Street excess. :/

However,The public's frustration is directed more at government than at businesses or banks, said Kevin Madden, who served as an aide to Republican Mitt Romney, the former presidential candidate and Massachusetts governor.

Mr. Obama is taking advantaged of the economic and political situations in attempt to garner support. It's working.

Mr. Obama recently proposed a $9 billion-a-year tax on big banks to help replenish the money taxpayers lost from bailouts. The president also suggested limiting the size of big banks and restricting their involvement in trading. This was met with much outrage on the part of Republicans.

In times of hardship, it's so nice to see people of diverse interests and affiliations band together to help their people, isn't it?

Read about it at http://online.wsj.com/article/SB20001424052748704905604575027531605192798.html

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