Last week the White House issued a press release on the newly proposed bank tax that contained these statements from President Obama:
My commitment is to recover every single dime the American people are owed. And my determination to achieve this goal is only heightened when I see reports of massive profits and obscene bonuses at the very firms who owe their continued existence to the American people, who have not been made whole, and who continue to face real hardship in this recession.
That’s why I’m proposing a Financial Crisis Responsibility Fee to be imposed on major financial firms until the American people are fully compensated for the extraordinary assistance they provided to Wall Street.
Given that the President obviously feels betrayed by the big banks, do you think its merely a coincidence¹ that he and his staff chose to give the bank tax a title whose acronym is “FCR?”
Think about it for a second.
Now, insert the missing letters and the result well represents what this President most likely really thinks the bank tax represents:
A fee on F_C_ _ R’s!
Footnotes:
¹ It’s so much more fun to think they did this intentionally.
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1 Obama on Taxes // Jan 28, 2010 at 2:23 pm
[...] The Bank Tax is Called the F _ C _ _ R Fee [...]
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