Welfare to the corporation
George Bush has pledged inactivity regarding the government's involvement in the economy. Conservative mantra tells us the "markets will fix everything," and there is no need for government intervention regarding the economy... However, today, the N.Y Times reported:
Hoping to avoid a systemic meltdown in financial markets, the Federal Reserve on Sunday approved a $30 billion credit line to engineer the takeover of Bear Stearns and announced an open-ended lending program for the biggest investment firms on Wall Street.
Interesting, so when the free market fails for a corporation, the government provides a safety net? However, when the government could provide a safety net for homeowners facing foreclosure during this housing market crisis... no, that would cause an "overcorrection." George Bush always gives handouts to big business and the obscenely wealthy, while tossing crumbs to the masses!!! Too bad that Bear Stearns stockholders may have cause to sue over the dramatic devaluation of their stock; I'm sure Georgie will give the executives a break!
Dana Perino further proves that the Bush administration is clueless as to the trouble our economy is in. Their paltry tax rebates barely cover the median monthly mortgage payment; never mind that gas prices are at their highest ever and the dollar is sinking internationally! This may be their "Let them eat cake!" moment...
74% of Americans and 70% of economists say we're in a recession at this moment. Even Alan Greenspan doesn't have anything good to say - no wonder he bailed out! Georgie the Monkey Boy still hasn't gotten the memo. He's been doing nothing but talking up the "strength" of the economy; a NY Times editorial shuts that down quickly. He also shows off his "C" student skills by forgetting history; the last president to stay "hands-off" while the economy was in free-fall was Herbert Hoover - a fact which Sen. Charles Schumer (D-NY) reminds us of.
Hoping to avoid a systemic meltdown in financial markets, the Federal Reserve on Sunday approved a $30 billion credit line to engineer the takeover of Bear Stearns and announced an open-ended lending program for the biggest investment firms on Wall Street.
Interesting, so when the free market fails for a corporation, the government provides a safety net? However, when the government could provide a safety net for homeowners facing foreclosure during this housing market crisis... no, that would cause an "overcorrection." George Bush always gives handouts to big business and the obscenely wealthy, while tossing crumbs to the masses!!! Too bad that Bear Stearns stockholders may have cause to sue over the dramatic devaluation of their stock; I'm sure Georgie will give the executives a break!
Dana Perino further proves that the Bush administration is clueless as to the trouble our economy is in. Their paltry tax rebates barely cover the median monthly mortgage payment; never mind that gas prices are at their highest ever and the dollar is sinking internationally! This may be their "Let them eat cake!" moment...
74% of Americans and 70% of economists say we're in a recession at this moment. Even Alan Greenspan doesn't have anything good to say - no wonder he bailed out! Georgie the Monkey Boy still hasn't gotten the memo. He's been doing nothing but talking up the "strength" of the economy; a NY Times editorial shuts that down quickly. He also shows off his "C" student skills by forgetting history; the last president to stay "hands-off" while the economy was in free-fall was Herbert Hoover - a fact which Sen. Charles Schumer (D-NY) reminds us of.
posted by Minister of Propaganda @ 3/17/2008 06:03:00 PM
2 Comments:
At April 02, 2008 10:56 PM,
juandos said…
What a loon! Quoting the New York Times is like quoting Sen. "drown 'em and run" Kennedy on sobriety...
Now we know what sort of SOCIALIST TURD TROLLER runs this site: "Interesting, so when the free market fails for a corporation, the government provides a safety net? However, when the government could provide a safety net for homeowners facing foreclosure during this housing market crisis... no, that would cause an "overcorrection." George Bush always gives handouts to big business and the obscenely wealthy, while tossing crumbs to the masses!!! "
Your grip on basic economics is almost as tenuous as your grip on reality is...
Your take on what George W giving out a line of, "credit" is on the mark but now you think that all the losers who shouldn't have bought houses in the first place (obviously to stupid to check out the contracts thoroughly - obviously perfect Democrats) should be bailed out too...
Funny but I don't see you volunteering YOUR money to do that though... Why is that?
Funny thing about those gas prices, they've been going up since the party of the Seditious & Sleazy took over both Houses of Congress in 2006...
Then you continue to take inordinate pride in your abysmal ignorance with the following drivel: "Even Alan Greenspan doesn't have anything good to say - no wonder he bailed out!"...
Considering that many think that Greenspan is probably responsible for much of the problem, its no wonder the old trouser trout troller bailed...
So since you are into embarrasing yourself (can libtards actually feel embarrasment?) as shown by your pandering to a$$-w!pes like Rev. Wright I'm almost willing to wait for the next nutty nugget you post...
At February 14, 2009 2:12 PM,
ruff said…
How much of the Bush Recession is caused by the wealthy, knowing full well they were going to loose all of the government to the Democrats, mainly because of the terror of the Bush administration on the American people? Seeing the obvious writing on the wall, these wealthy have simply receded, withdrew, and decreased their investment in the USA, partly in a political play of abuse, to terrorize the American people and to try and enforce their control over Americans, with their main tool, money. The Bush Recession is not going on by magic or some mystery of capitalism. Isn't this a reaction, to a reaction, to an angry reaction of the abuse of power?
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