Google Custom Search

Wednesday, November 12, 2008

3 TRILLION DOLLARS AND COUNTING

First, it was the bailout of large banking and mortgage firms on Wall Street in order to 'stabilize the economy.' Then, it was the government forcing large banking firms to accept the Federal Government as part owner of those firms.

Then, it was the bailout of the 'average homeowners on Main Street who are about to default on their mortgages.'

But even that wasn't enough.

Next, the government was informed that the auto industry needed tax dollars just like the banking and mortgage firms. Commissar Nancy Pelosi is all for it as is 'The Chairman.'

And then yesterday we learned that American Express has been thrown a tax-dollar lifeline. This required that the definition of the type of business American Express does had to be changed.

So, with a wave of the magic wand, the Federal Government now considers American Express to be a 'bank holding company' that is eligible for millions of dollars of bailout money from the taxpayers.

And let's not forget that Hollywood, insurance companies, and even China, all have their stake in the loot.

But guess who's making noises about wanting some of the taypayer-provided loot now? Big liberal newspapers that are on the brink of bankruptcy due to plummeting subscriptions.

Look for the New York Times and others to go begging the government for a handout.

The total cost of all of this to the taxpayers? 3 TRILLION DOLLARS and counting.

No comments: