What a difference a change in administrations makes
The Federal Reserve banks made a $52 billion profit in 2009, and returned $46 billion of that sum to taxpayers.
money.cnn.com/2010/01/12/news/economy/fed_profits.fortune/index.htm
In just a year, we went from Bush's version of a bailout where taxpayer money was just handed out with no hope of being returned, to Obama's version of a bailout where the government can actually turn a profit on portions of it, to the benefit of the American taxpayers.
Add to this the stunning announcement by GM that the US taxpayers will also make a profit on the bailout they received. That's right - a profit for the taxpayers. An actual fix to the economy instead of just transferring taxpayer money to cronies. A good change indeed.
money.cnn.com/2010/01/12/news/economy/fed_profits.fortune/index.htm
In just a year, we went from Bush's version of a bailout where taxpayer money was just handed out with no hope of being returned, to Obama's version of a bailout where the government can actually turn a profit on portions of it, to the benefit of the American taxpayers.
Add to this the stunning announcement by GM that the US taxpayers will also make a profit on the bailout they received. That's right - a profit for the taxpayers. An actual fix to the economy instead of just transferring taxpayer money to cronies. A good change indeed.
posted by zblog at
7:36 PM
0 Comments:
Post a Comment
<< Home