Obama would tax every cent in your bank account so quickly your head would spin. Don't imagine for one minute he wouldn't.<quoted text>
Sharon Bowles, who chairs the European Parliament's Economic and Monetary Affairs Committee is appalled. "This grabbing of ordinary depositors's money is billed as a tax," she said, "so as to try and circumvent the EU's deposit guarantee laws. It robs smaller investors of the protection they were promised."
The EU has a poor record in predicting the consequences of its bailouts. Time and again it has under-estimated the impact of austerity.
Everyone is taking home less pay now despite his promise the middle class wouldn't see higher taxes. It's going to be even less next year when Obamacare kicks in.
Tax, spend, waste...and tax some more. That's his plan.
Obama thinks he, i.e. the government, is more entitled to your money than you are because he has a "vision".
The same vision Europe had decades ago before Europeans ran out of money to give the government to take care of them.