Barack Obama wants to yield to the emotions of Americans by taking from the rich (by building a bridge through bailouts and then overtaking the profits of large financial institutions).
However, this socialist agenda (from historical research) only offers a short term benefit. Typically in instances such as this, you can see a fast 4-6 year improvement in reduction of government deficits, however, the long lasting affects remove the freedom to integrate powerful financial success for innovation and productivity.
Taking billions of dollars from financial institutions that the government enabled and promoted to offer low quality and high risk loans to the public is penalizing the one that was provided government instruction and growing the government through expansive redistribution of wealth.
The short term result will be decreased deficits, however, the long lasting result will be decreased researched risk taking to increase profits, and the employment numbers will continue to fall, because the individuals that have massive wealth will sit out the risk taking to protect their profits.
A similar situation happened in Roman times towards the end of their reign, where the rich were forced to give to the voting populous to ensure politician residency in government. The outcome was a short term success in reducing debts and increasing political satisfaction, however, the long term result was complete failure of the government system. Simply because the wealth decided to no longer risk short term profits to pay out massive profits to government supported programs, and the top 1% of the society cut back massively on their 30-40% investment share in the society. They held on to their riches and slowly watched the government decline and ruin the nation.
Historically civilizations (including the Roman Empire) tend to collapse precisely at the moment levels of increasing complexity are not sustainable. Complexity is defined here as population increase and the tendency over time for elites to exploit labour surpluses to redistribute wealth away from common people.
Unfortunately, the sad reality is that Obama's efforts will provide temporary deceitful success and long term devastating affects.
Source Citation
"Barack Obama Speech On Wall Street Windfall Profits Tax, Temporary Assistance, Long Term Sad Reality; Barack Obama wants to yield to the emotions of Americans by taking from the rich (by building a bridge through bailouts and then overtaking the profits of large financial institutions)." OfficialSpin 14 Jan. 2010. Business Economics and Theory. Web. 4 Feb. 2010.
Gale Document Number:A218099928
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