TARP Tax Polls: Beware Wall Street, Americans Love Obama's Bank Tax

WSJ:

President Obama has had a rough few weeks. His proposed health care overhaul is in trouble and voters are saying he's not doing enough to improve the economy, according to a new poll conducted by Republican researcher Glen Bolger and Democrat Stan Greenberg.

The one bright spot for Obama is his proposed "TARP tax."

Read the whole story: WSJ

Comments

[Motnitram]

04:20 AM on 02/03/2010

Credit Union Time! Come on, take our money out of the big banks.

[nomadicexpat]

04:58 AM on 01/29/2010

polls? of the same populus that elected george bush and barack obama>

just beause it is popular does not make it the right thing to do

[higherstrategy]

01:18 PM on 01/28/2010

Of Course breaking up these monsters into their smaller state components would Create how many jobs? Thus how many new Taxes both on the New Smaller components AND income tax AND spurring local economies.

but no, just 'tax' them to make it seem like they are doing something

while in truth they are continuing to allow them to RAPE THE TAXPAYER

[the964kid]

01:13 PM on 01/28/2010

I can't wait for the headlines after the entire GOP votes to block bank taxes - those will make great ads in the 2010 mid-term campaigns. Some teabagging heads will probably explode.

[higherstrategy]

02:38 PM on 01/28/2010

GOP is just as owned by MONEY as the DEMS.

MONEY has a monopoly over American Politics and its a ONE party system with a Red, Blue face.

if you can't see that by now, then you are in with MONEY.

[T4]

12:14 PM on 01/28/2010

TARP tax? Just tax the personal bonuses of the bankers to the ground. that's one of the keys to hit them personally and their families otherwise theycould care less. Obama needs to understand the mentality of arrogance - shouldn;t be hard. Taxing the banks is fine but you need to attack at a personla level. With $109 billion in boniuses just for 2009 - there's lote to go after.

[Adartist777]

11:35 AM on 01/28/2010

I welcome the tax. I do my banking with a community bank which will not be affected. I’ve already lost my 401k due to unemployment, so it makes no difference to me if these mega banks have to pay increased taxes. After all, we bailed them out and they slapped us in the face. We expected frugality on awarded bonuses. What we got was an orgy of spending with our taxpayer money and no help for small businesses on Main Street.

Frankly, we should have let them fail because they will probably fail again anyway. Those at the top will walk away with the money that those at the bottom lost.

[higherstrategy]

02:39 PM on 01/28/2010

screw the tax and Break them up!

[Kassandra]

10:53 AM on 01/28/2010

Polls! Another way to make you think anyone cares what YOU think!

[EinChicago]

10:22 AM on 01/28/2010

It's reminiscient of healthcare reform. When first announced, the majority of the nation supported it because they had only been presented with teh ideal version. Give it a few months of advertising and marketing by the GOP and the Banks and this too will look like a massive mistake and come back to bite teh president.

[satanlite]

10:59 AM on 01/28/2010

Exactly right. The Democrats will go to lunch, languish, and let the hallers/baggers/birther crowd rip them apart in public while the GOP maneuvers behind the scenes to nullify this act. By the time the spineless Democrats come back to the office from fooling around they'll find they have no spine to go forward with tit.

Until it's done and done, it's just talk.

[higherstrategy]

02:40 PM on 01/28/2010

you realize MONEY is simply trying to Ditch the suddenly unpopular Dems?

just like MONEY Ditched McCain when he started losing in the Polls.

Money Controls BOTH red and blue in their Monopoly over American politics

[ibsteve2u]

09:45 AM on 01/28/2010

The American people KNOW who put it to our economy; they KNOW who is making them suffer.

So of course taxes that hit on high are not only acceptable but just in their minds.

Heck - most of them have children. Do you think a parent raising a child is comfortable watching America's financial elite reward themselves for misbehaving?

[Patriot86]

10:51 AM on 01/28/2010

Exactly right and President Obama do not sit with the banksters and allow them any input in the regulation...none...make the GOP side with the banks with real filibusters..it might save the Dem majority.

[Kassandra]

10:54 AM on 01/28/2010

So... you still think there's a real difference between the Democrats and the Republicans? What are they? Enlighten me, please. Because I sure don't see it.

[satanlite]

11:00 AM on 01/28/2010

That's the only way to do it. Problem is, the Democrats won't do it that way. I've stopped having any confidence in them after last summer. Spineless jellyfish don't fight.

[fed U]

09:05 AM on 01/28/2010

just like in the last bull market and econ recovery, main street gets left in the cold while wall street prospers.. . hat tip to... http://economic-pain.blogspot.com/

[msjimmied]

08:54 AM on 01/28/2010

Really good article from Matt Taibbi regarding the dismissive comments from journalists about the populist stance prevalent in the media right now.

http://trueslant.com/matttaibbi/2010/01/27/populism-just-like-racism/

[peteRed]

08:08 AM on 01/28/2010

well, the problem is that american citizens are not in charge of voting this tax and their representatives are representing wall street. so... change-congress.org

[yweston]

04:36 AM on 01/28/2010

Loving it and "getting it" are two different things.

[satanlite]

11:01 AM on 01/28/2010

Indeed.

I'll believe it when I see it. Like the health insurance reform bill the democrats have allowed to languish into near extinction.

[GeoLee]

03:25 AM on 01/28/2010

" Bolger’s and Greenberg’s results showed that the fee on banks to pay for the financial bail out has solid popular support. The poll of 800 likely voters showed that 57% of respondents supported the tax when the pollster described it as a “responsibility fee” that will “discourage big bonus payouts and ensure the big banks that caused the crisis pay for the bailout.” But 39% of respondents oppose the tax when pollsters said it would cause the banks to pass along the costs to consumers and reduce lending to small businesses."

Do you notice who they write But 39 % oppose the tax when pollsters said... as if that was a big majority. Well read what it says and subtract from 100% and it could have been written 61% did not oppose the tax even when pollsters said it would cause the banks to pass the costs to consumers. Folks, you need to read biased presentation closely so you will not get fooled. Frankly the special election in Oregon regarding raising taxes shows a similarity to my reframing what the second part of this poll said.

[EinChicago]

10:23 AM on 01/28/2010

Starting at 57% is a really low starting point. HCR support started out in the 80% and look how that was undermined and decimiated. This is already barley getting support and that's best case scenario.

This will never happne.

The pres needs to take a lesson from Clinton; jobs, jobs, jobs, jobs, jobs.

Revenge can wait.

[Kassandra]

10:56 AM on 01/28/2010

Well, a little more money in the kitty might just result in " jobs, jobs, jobs, jobs, jobs"

[chicagurl]

03:09 AM on 01/28/2010

Well darn, if voters are really liking this - the odds are it won't pass. Same with the public option, had a strong support with the voters, so naturally, it was off the table to begin with. We can't win........ever.