I suspected that the economy was unraveling before the election was over, but had no idea how bad it really was until Bush, himself, the Decider in Chief, asked for Billions to bail out his buddies on Wall Street, the very guys who got the big beefy tax breaks, and the obscene bonuses for ruining the economy, just as Bush himself was heading out the door, pockets bulging. That worked well, didn't it? The Republicans seemed to have no problem bailing out Wall Street, and then blaming Obama for TARP, but when it came time to hand out a few paltry dollars as a stimulus to the economy to bail out those of us, lowly middle class taxpayers who'd lost our homes, our pensions, our life savings in the Wall Street melt down, well that was a different story.
The Republicans are still at it. They don't give a flying fuck about the middle class. They keep voting against extending unemployment benefits for those hardest hit by this deep recession, the lowly middle class. They are telling the ignorant teagaggers that unemployment benefits are a form of welfare for the lazy. Once again, they are wrong. A wage earner who has worked his or her whole life and is now unemployed due to the contraction in the job market caused by the recession, has been contributing through payroll deductions to an account that is just for this kind of event, is now being insulted on a daily basis by the GOP. Unemployment Insurance is just that. It's insurance in the event that one will be unemployed due to no fault of one's own. If you don't know this you've never punched a timeclock.
Showing posts with label Bailout money. Show all posts
Showing posts with label Bailout money. Show all posts
Friday, July 16, 2010
Monday, January 12, 2009
Obama Seeks Cooperation in Making Remaining Bailout Money Available
This morning, President-elect Obama asked President Bush to formally notify Congress, on his behalf, of his intent to exercise the authority under the Emergency Economic Stabilization Act to access the last tranche of $350 billion in funding for Treasury programs addressing the financial crisis,” Dana Perino, the White House press secretary, said in a statement. “President Bush agree to the president-elect’s request.”
I'm thinking this comes under the heading "Don't hold your breath Barack" but think I'm so cynical I think it's all been moved to the the Bush Family Swiss Bank Account. Anyway, here's hoping.
I'm thinking this comes under the heading "Don't hold your breath Barack" but think I'm so cynical I think it's all been moved to the the Bush Family Swiss Bank Account. Anyway, here's hoping.
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