January 14, 2010 President Obama told bank executives today that he wants to tax banks to recoup the public bailout of foundering firms. Obama branded the latest round of bank bonuses as "obscene." But he said his goal was to prevent such excesses in the future, not to punish banks for past behavior.
NoJobSurvivors ask: Why not punish the banks?
Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.
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