Obama Rewards Losers, Punishes Winners

By Larry Kudlow - January 16, 2010

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President Obama's misbegotten bank tax is precisely the wrong policy at precisely the wrong time. It will wind up backfiring across the board. Why? Because bank consumers and borrowers are the ones who will wind up paying this tax, creating an obstacle to economic recovery. Obama is actually rewarding losers and punishing winners -- exactly the reverse of free-market capitalism. Who's being...

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Larry Kudlow

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