What are the original bailout funds being used for?
Three days after receiving $25 billion in bailout funds Bank of America hosted a conference call with conservative activists to organize opposition to labor and the Democratic party. Top business executives argued for giving large donations to at-risk Republicans in the November elections.
Translation: It’s ok for corporations to take bailout money, but when it comes to helping the people of this country, they’re on their own. The role of government should be to help corporations, not people.
Take some personal responsibility, people!
Let the markets work!
Except when things go bad and their song changes to, we’re too big to fail. Bailout, please!
Now I will be the first to say that I have a lot of doubts about these bailout packages. But my doubts and concerns are the same no matter the recipient.
Conservatives seem to be for “trickle down” handouts when they go to corporations. Or at least conservative pundits seem to be for corporate handouts (most of the conservatives I know are as appalled as I am).
Why is this?
Could it have anything to do with the fact that these pundits are paid by large corporations like ClearChannel and Fox News?
I’m not arguing for any type of bailout, but I think that Americans are starting to see through the propaganda put out by business interests in the name of selfish short-term profits.
When pundits say “let the markets work,” they mean let the markets work when they are working to the advantage of the large corporations in this country.
When pundits say, “take some personal responsibility,” they mean people, not corporations (who seem to have no responsibility to our country other than profit).
So I don’t understand why we should be handing out money to Bank of America to have them turn around and fight against the people of this country?
This is not only the rich stealing from the poor, but the rich stealing from the poor and then investing that money in plans to steal more money from the poor.
We should be giving money to organizations that will develop innovative products and bring quality jobs to our country, not to organizations that have demonstrated only their ability to fail and who see the only way out as further attacks on the middle class.