THE BANKS AREN'T THE ENEMY!

In my 65 years of being a politically aware citizen, I have never experienced a presidential administration with such an aggressive agenda to blame private industry and portray them as the enemies of the people. At a time when so many people are suffering the effects of a poor economy, it is easy to hold up the banks as the bad guys--bad guys that should be punished by taxation! According to Obama, oil companies, financial institutions, banks, insurance companies, and even doctors and hospitals, are greedy, dishonest and abusive of their powers.

He makes a huge issue of bonuses and compensation of executives in private industry, as though, somehow, their compensation is taking food out of our mouths! Why is it that we hear nothing about the compensation of the union leaders, who, by the way, were huge contributors to his campaign, and who are regular visitors to the White House. We hear nothing about compensation to the executives of Chrysler and General Motors, because cronies of Obama control those companies. We hear nothing about the huge bonuses given to the CEOs of Fannie Mae and Freddy Mac! We hear nothing about bonuses to AIG executives. We hear nothing about huge bonuses and wage increases given to federal employees in a time of deep recession. We only hear about the compensation of employees in industries targeted by the administration.

Now President Obama is pounding the banks in an effort to justify his plan to pass additional taxation on banks, under the guise that this is somehow "payback" for the tarp funds that were paid out! Unless my memory fails me, the TARP funds were forced on many banks by the government, and many banks were initially not allowed to pay back the loans when they attempted to do so! Much of the money, however, has been paid back, with interest! Banks rushed to pay the TARP funds back when they realized the extent of control that the federal government asserted over them. The administration didn't like that. They want the control. So now they want to control them by taxation!

President Obama is framing the banks as the enemy--an enemy who must be punished by taxation. Will taxing the banks help the average person in any way? Is this going to make getting a loan at a bank any easier? You and I both know that any taxation on the banks will filter down to the people who use those banks. The banks will increase the fees we pay for banking and borrowing to compensate for these new taxes! Taxation on any industry always filters down to the consumer. Banks, like all other businesses, pay many taxes and comply with numerous government regulations. This tax on banks is just another attempt to bring in more money into the federal coffers and to gain more control over banks.

President Obama is following Saul Alinsky's "Rules for Radicals" perfectly. He is making enemies out of the very institutions who support our economy and provide the means for people to maintain and improve their standard of living. According to him, these institutions are "bad" and must be punished and controlled by government in order to protect the people! This is another step in destroying our capitalistic system and replacing it with government control, known as "socialism".

Just listen to the Obama, Pellosi, and Reid rhetoric. It always blames someone and it always accuses other entities of being the "bad guys" who must be controlled and/or punished by government. Anyone who disagrees with them is the "enemy". In reality, the REAL ENEMIES of the American people are in the WHITE HOUSE and in CONGRESS!

LET YOUR CONGRESSIONAL REPRESENTATIVES KNOW THAT YOU OPPOSE A BANK TAX!