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Financial and Economic Crisis
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09-17-2008, 06:06 AM
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Blacksheepaalredy
Join Date
Oct 2005
Posts
402
Senior Member
Hey, Hey-
The Federal Reserve just came up with $85billion for AIG. The American Taxpayers are now shoring up the company responsible for insuring all of this bad debt. My tax dollars are now bailing out all of those "experts" who professed how healthy the market was and who once cheered the "free market".
My cynicism is peaked out.
In this election season, we are going to hear about all of the millions of Americans uninsured. We are going to hear about rising tuition costs. We are going to hear about inability to provide proper care to veterans. We are going to hear about high costs of medicare and medicaid and the "looming" Social Security problems.
Yet, in the last two weeks, we've seen the government bail out Fannie, Freddie, and AIG.
Maybe one of our own experts can explain to me, why I shouldn't be pissed off over these developments? How much is this corporate welfare costing versus the social welfare rolls at their height?
This country is a sewer.
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