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I think it is good of Obama to criticize companies that are squandering taxpayer-funded bailouts.
Companies should be held accountable for the money:
Moving forward, the president said, it would be necessary to pass reforms
ensuring the kind of “oversight, transparency, accountability that’s going to
be required in order for the American people to confidence in what we’re
doing.”
Exactly.
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In more good news, Obama says he is going to keep the estate tax.
If anything, he should increase the estate tax on the wealthiest individuals.
The estate tax is absolutely crucial in this country not only to raise revenue but to prevent an inherited aristocracy. The lack of an aristocratic class in this country is one characteristic distinguishing the United States from so many others despite the best efforts of the GOP right to create one.
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Obama says his new stimulus package is on target.
There is a video of his remarks:
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The latest housing and unemployment figures are far worse than economists anticipated.
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Harley-Davidson plans to cut 1,100 jobs.
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