Obama Administration Denies Goldman Sachs $3 Billion Tax Break

what a softball no brainer of a decision. Any wine-o in any of America's alleys could have used a little common sense & knew it was political suicide to grant those tax credits.

I'll take the opportunity to say maybe for the only time during his administration,, good thinking guy!

I won't even say it was politically expedient to do it,, (wink*)

I bet Goldman wishes they would have given Obama a few more millions.

Just another Corruption day in the Obama White House.

What is needed now is a total restructure of every government entity with an eye toward synergy. Congress should pass a new act called the Government Restructuring Act.
Which would include language allowing them the power to temporarily purchase entire segments of the economy and realign them if need. Things like pay day lenders. Additionally the government should make a review of all it's assets across every agency to see what can be sold or IPOed to raise revenue. This would include things like Amtrack.
Congress should vote to pause lawsuits based on these actions. If needed entire industries should be bought and liquidated.
Obviously if Goldman Sachs only paid 17 million in taxes on 2 billion in income then that's a big problem.
The government needs to look at the whole picture of all it's operations and to change them.

"Department allowed Goldman to reduce its tax liability by using Fannie Mae's tax breaks" The criminals are gonna need a bigger tent after Obama gets them in the pay to play game. This is special interest but kissing Obama style and Timmy is a Pimp.

Yes, we need to take this country back -- back from the lying, greedy, power-hungry, traitorous vermin that the GOP has become.

Bush-Paulson fed hundreds of billion of bail out dollars to big banks and inaurance companies that brough us this financial nightmare.Now the Republicans tell us there no more money for Americans to keep their homes and have healthcare.

So Tax dollars can only be used to bail companies like Goldman Sachs out. Then they can turn around and not contribute to the system that allows them to act irresponsible and take down the entire economy.Not only should they not get a Tax break,but they should pay additional taxes until they have reimbursed the people they have harmed.If they don't play along,shut em down and liquidate their assets.

Financial reforms are long overdue. And the mega-banks have to be stabilized, they are too interconnected in the financial system we are all dependent on. After they are well, they should be broken up into smaller pieces so this cannot happen again -- saw a cool site; Balkingpoints ; incredible satellite view of earth

When you see an administration demonizing anyone that opposes its agenda, and watch some people sitting back and watching it happen without speaking up and taking a stand against their sick agenda, there is something very very wrong in this Nation. Their attacks on the people that attended the town hall meetings, those that marched to DC, Fox news, and our elderly and returning vets is absolutely despicable. There is no reason any longer to doubt what these people are trying to do to stifle our freedoms of speech, and assembly, and opposition to the Government.

where was all the republican outrage when gw and cheney were flushing billions of our dollars down the iraqi toilet he was keeping us safe you say from terrorists who werent even there till bush invaded. And what happened that the war there wasnt going to cost us anything it would be payed for by there oil revenue. All i can say is You LIE!!!!!!!!!!!!!!!!!