Obama is cover for banksters, not about jobs

Let's see...Goldman Sachs gets funds under TARP.

GS just announced $3.4 Billion dollar profit for the 2Q 2009. Dong some quick math, that profit could sustain 60,000 jobs paying $50,000 annual salary, and again, that was just from three months worth of GS profits. GS has announced 33% pay and benefit increases to its employees...IOW the rich get richer.

OTOH, Obama and his campaign promise for adding jobs has done almost nothing. Aside from a few governors reporting the beginning of a highway project or two and a handful of jobs he has dropped the ball completely.

And now CIT is teetering on the edge of bankruptcy, and holds the card for possibly hundreds of thousands of jobs, if not millions, and the Obama Admin turns them away cold. And is is already costing jobs:

NEW YORK, July 18 (Reuters) - An Alabama hardware supplier has blamed financial woes at U.S. lender CIT Group Inc for its bankruptcy filing, in an early sign of the effect a potential CIT Group Inc bankruptcy could have on millions of small U.S. businesses.

In court documents filed in U.S. bankruptcy court in Birmingham on Friday, Moore-Handley Inc said it was forced to seek bankruptcy protection "due to difficulties accessing funds" under their financing arrangements with CIT Group. Link

And other groups are calling upon Obama to help out:

Thirty-two trade groups, in an unusual display of unity, pleaded in a letter on Friday night for the Obama administration to reverse its decision and extend aid to the beleaguered small-business lender CIT Group Inc. as the firm inches closer to a possible bankruptcy filing.

The coalition, which included the National Retail Federation, the National Cotton Council, and the Southern Textile Association, sent a letter Friday night to Treasury Secretary Timothy Geithner urging him to help the CIT avoid collapse.

The groups said “the number of jobs that depend on the successful outcome of the CIT crisis is immeasurable.” Link

And, after the report that Obama was doing nothing to help save CIT, there are now reports of CIT seeking financing through the likes of GS. IOW, somehow GS will be further compensated by the Obama administration...they help save CIT making untold millions/billions while most likely having some tacit backstop guarantees from Tax Evader Timmy at Treasury from a wink from the head bankster thug Barry Obama.