Republicans with your money
Stealing our money on the way out.
So, the $700B Big Bush Bailout was approved to save the banks, with the understanding that banks would use the money to reopen the credit markets. Here's what Bush and company are actually doing with the money:
http://www.thenation.com/doc/20081110/greider2
http://www.guardian.co.uk/commentisfree/2008/oct/31/useconomy-banking
The Republicans are salting the earth on the way out, grabbing riches for
themselves, and plunging our economy further into despair.
Of course, this is ILLEGAL.
http://www.reuters.com/article/businessNews/idUSTRE49U4J920081031
However, there needs to be law enforcement if illegal activity is to be stopped and/or punished. this would be the jurisdiction of the executive branch, so there will be no curbing of this illegal theft. After all, it's the Republican administration's plan, so why would they want to stop it, just because it's against the law? They and their friends are getting morbidly wealthy by stealing all of this taxpayer money, so why alter a successful swindle?
It's just how today's Republicans treat your taxdollars.
http://www.allvoices.com/news/1599429-whacked-regrets/image/21482546
The irony of the Republicans calling Barack Obama a socialist because they say he wants to redistribute wealth?
We Already Did That When We Gave The Richest 1% A $700 Billion Bailout
It's good to be a banksta
But at least we have a Bush legacy that we can see. Here's where a good chunk of America's money has gone under the Republican economy:
http://www.dubai-architecture.info/DUB-GAL1.htm
http://www.guardian.co.uk/global/gallery/2008/oct/08/1?picture=338366526
So, the $700B Big Bush Bailout was approved to save the banks, with the understanding that banks would use the money to reopen the credit markets. Here's what Bush and company are actually doing with the money:- CEO and executive bonuses - duh, couldn't see that one coming
- Buying bank stock ABOVE the price of it - $125B was paid for $62.5B in stock, screwing over the taxpayers
- Dividends - taxpayer money directly to bank stockholders
- Big banks using the government's money to buy other banks - the biggest failures are consuming the solid, responsible banks
- Hoarding the cash, sitting on it as an asset, not helping the very problem the bailout was designed to help
http://www.thenation.com/doc/20081110/greider2
http://www.guardian.co.uk/commentisfree/2008/oct/31/useconomy-banking
The Republicans are salting the earth on the way out, grabbing riches for
themselves, and plunging our economy further into despair.
Of course, this is ILLEGAL.
http://www.reuters.com/article/businessNews/idUSTRE49U4J920081031
However, there needs to be law enforcement if illegal activity is to be stopped and/or punished. this would be the jurisdiction of the executive branch, so there will be no curbing of this illegal theft. After all, it's the Republican administration's plan, so why would they want to stop it, just because it's against the law? They and their friends are getting morbidly wealthy by stealing all of this taxpayer money, so why alter a successful swindle?
It's just how today's Republicans treat your taxdollars.
http://www.allvoices.com/news/1599429-whacked-regrets/image/21482546
The irony of the Republicans calling Barack Obama a socialist because they say he wants to redistribute wealth?
We Already Did That When We Gave The Richest 1% A $700 Billion Bailout
It's good to be a banksta
But at least we have a Bush legacy that we can see. Here's where a good chunk of America's money has gone under the Republican economy:
http://www.dubai-architecture.info/DUB-GAL1.htm
http://www.guardian.co.uk/global/gallery/2008/oct/08/1?picture=338366526
posted by zblog at
9:55 PM
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