Maxine Waters: Tax Banks Out of Business

Sort of the liberal gift that keeps on giving – from ABC:

…Waters also wants to help by putting more pressure on the big banks to help with mortgages.

“If they don’t come up with loan modifications and keep people in their homes that they’ve worked so hard for, we’re going to tax them out of business,” Waters said…

And suppose you do tax them out of business – who does the banking, then?  I guess that Waters would just set up some sort of government-funded entity and put her family members in charge…in keeping with her past actions.

There is an extra spice of weirdness growing on the left – as things get worse and Obama’s failures become manifest, the left is retreating in to a socialist cocoon where all that is required is the application of more liberalism.  Long time readers know I have no love for our banks – in fact,  I hold them in contempt…but to talk of taxing them out of business if they essentially don’t just give away the houses they hold mortgages on is stupid…counter productive; it would make the housing market even worse.

Things can be done to help those who are upside down on their mortgages (in fact, I started advocating them in 2008…but also feel that by now it might just be too late).  Lots of things can be done to reform banks.  But we need banks and we need to have mutual accountability between lenders and borrowers…Waters and the left only wants accountability from the banks, or she’ll tax them out of existence.  Boiled down, as liberalism fails the left is insisting that we destroy everything rather than admit to the failure.

But the failure is unmistakable…and while Waters and others will be calling for the end of the banks, I think that the voters in 2012 will call for an end to the left.

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20 thoughts on “Maxine Waters: Tax Banks Out of Business

  1. Sunny September 6, 2011 / 12:46 pm

    Granted, Maxine Waters makes some pretty crazy statement – and they should be taken with a grain of salt. But they are no crazier that some of the statments made by Bauchmann and Perry. How about we discuss all the crazy statements made by politians?

    • Leonard L'Farte September 6, 2011 / 1:00 pm

      Sunny,

      I haven’t paid attention to politics until fairly recently. Could you cite some statements by Bachman or Perry that you think are comparable to telling a substantial number of ordinary Americans to “go straight to hell”, or telling a major segment of American business that she’ll tax them out of business”, or telling major elements of the energy sector that she’ll have the government “take them over”?

    • js September 6, 2011 / 1:25 pm

      in the political climate that we are in…waters is one of the worst race baiting morongs out there…this is one of the reasons america has such great racial tensions…its not that anyone actually committed a racist offense that a congressperson should get on top of…its a congress person who is living in an alternate reality that is the cause of the mess…

      the cbc is, by its very nature…a racist organization…because it fails to protect both the majority and the minority equally…there are no special rights given to white people…we work hard, we get rewarded…its not about our race…its about holding to the mentality of vicimization…using victimization as a tool to advance both politically and personally…if white people did this…all hell would break loose…but we have come to expect it…from people like waters…sharpton…jackson…and we need to stop it…and start acting like americans…instead walking around withour races on our shoulders

    • neocon1 September 6, 2011 / 4:55 pm

      scummy

      you LIE!!
      but most commies do.

  2. js September 6, 2011 / 1:13 pm

    if this were anyone besides a congressperson, and a member of the CBC…they would already be facing felony charges…

  3. js September 6, 2011 / 1:56 pm

    Three surgeons are discussing who makes the best patients to operate on.

    The first surgeon said, “Electricians are the best, everything inside is color coded.”

    The second surgeon says, “No, I think librarians are, everything inside them is in alphabetical order”

    The third surgeon shut them up when he said: “You’re all wrong. Politicians are the easiest to operate on.

    There’s no guts, no heart, no balls, no brains, and no spine. Plus, the head and the a** are interchangeable.

  4. bozo September 6, 2011 / 3:50 pm

    I’m no Waters fan, but if you want her to push banks to help underwater mortgage holders, what other tools does SHE have? She can only use her Constitutionally granted powers of taxation. That’s really all she’s got. You might think others have other ways to fix this, but what about her? In your mind, what should she do? Besides resign and commit suicide, of course…

    • Amazona September 6, 2011 / 4:02 pm

      And since when has taxation become an acceptable weapon rather than merely a source of revenue? Do you really believe that it is acceptable to use taxation as a political weapon, as a bludgeon with which to punish those parts of our society which are in agreement with a current political administration and, conversely, to reward others?

      And, just out of curiosity, what kind of mental tic compels you to follow ever post with a statement of such utter stupidity and crudeness? Are you really concerned that these characteristics are not already visible in your posts? If so, I can assure you the fear is unfounded.

      • bozo September 7, 2011 / 2:54 am

        Taxation has always been a tool to support (and fund) good behavior and punish (starve) bad. What are you – new?

    • Amazona September 6, 2011 / 4:05 pm

      Also, why are banks obligated to “help” people anyway? They are businesses, not charities. They did not ask to be thrust into the role of social engineering apparatus, but were forced into this behavior by Leftist social experimentation. Banks preferred to loan money to people who could actually be expected to pay it back. It was not their idea to start handing out loans to people with terrible credit histories, poor employment expectations, and little or no income.

      • bozo September 7, 2011 / 2:17 am

        Banks are now obligated to “help” people because people “helped” them. Like it or not (I don’t), they would all be dead without taxpayer help, so now they morally owe taxpayer’s “help.” You act as if Bush’s TARP never happened, and the banks are just hunky dory businessmen.

        BTW, REPUBLITARDS while in complete control in 2003 started handing out loans to people with terrible credit histories bla bla bla:

        http://www.americandreamdownpaymentassistance.com/whsp12162003.cfm

        Dang facts just won’t go away no matter how hard you try to ignore them.

    • neocon1 September 6, 2011 / 4:53 pm

      blowzo

      commit suicide and take half the regime with her would be my vote.

      • bozo September 7, 2011 / 2:09 am

        Dang, you just ruined Ammozo’s rant.

      • neocon1 September 7, 2011 / 5:02 pm

        blowzo

        dang you are crazy.

    • neocon1 September 6, 2011 / 5:10 pm

      blowzo

      I’m no Waters fan, but if you want her to push banks to help underwater mortgage holders,

      WHY?
      N-O-B-O-D-Y forced anyone into buying a house….you bought it live with it.
      NOT the banks fault, bwany fwank and his gay lover had a lot to do with this and should be in prison.

  5. js September 6, 2011 / 4:28 pm

    TEN PLANKS OF THE COMMUNIST MANIFESTO 1. Abolition of property in land and the application of all rents of land to public purposes.
    2. A heavy progressive or graduated income tax.
    3. Abolition of ail right of inheritance.
    4. Confiscation of the property of all emigrants and rebels.
    5. Centralization of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly.
    6. Centralization of the means of communications and transport in the hands of the State.
    7. Extension of factories and instruments of production owned by the State, the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
    8. Equal liability of all to labor Establishment of industrial armies, especially for agriculture.
    9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country, by a more equitable distribution of population over the country.
    10. Free education for all children in public schools. Abolition of children’s factory labor in its present form. Combination of education with industrial production, etc., etc.

    • js September 6, 2011 / 4:30 pm

      “Centralization of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly”

      WATERS is nothing but a tool

      • neocon1 September 6, 2011 / 4:54 pm

        WATERS is nothing but a tool

        a STUPID marxist one at that.

    • bozo September 8, 2011 / 4:06 am

      Just rubbing in the fact that Obozo’s not fighting for any of these points for us liberals…?

      1. HUD, under Obama, submitted legislation called PETRA to Congress that would result in the privatization of all public housing in America.

      2. Income tax payments this year will be nearly 13 percent lower than they were in 2008, the last full year of the Bush presidency. Corporate taxes will be lower by a third, according to projections by the nonpartisan Congressional Budget Office.

      3. in early December 2010 President Obama and Senate Republican leaders reached an agreement on what the estate tax will look like in 2010, 2011 and 2012 – being the $5,000,000 exemption and 35% tax rate

      4. No such thing.

      5. Article 1, Section 8 of the Constitution states that Congress shall have the power to coin (create) money and regulate the value thereof. Today however, the FED, which is a privately owned company, controls and profits by printing money through the Treasury, and regulating its value.

      etc. etc. etc…

      What do you want? Children factory laborers? You just might get ’em with Obozo.

  6. BCA September 7, 2011 / 5:42 am

    ” I think that the voters in 2012 will call for an end to the left.” Great line. End to the left is for sure!

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