Friday, January 23, 2009

Supporting the Rich...

How much more corruption is the government going to take from corporations such as auto companies and BANKS? These bailouts can no longer be classified as bailouts, but handouts. Recently, the government "bailed out" banks with a $700 billion rescue package only for executives of these banks to turn around and give all bank executives a year end bonus totalling out to $5 billion. http://www.nytimes.com/2009/01/23/opinion/23fri2.html?_r=1&adxnnl=1&ref=todayspaper&adxnnlx=1232712221-hkzTrtmy3RBZ4bN/nMt8mQ In other words, after struggling for so long, these banks paid their executives with taxpayers money. The money given to bail out these banks was given in order to stabilize and improve the U.S. economy, not to reward executives at the year end and to continue to support their lavishing life styles. As the editorial in the New York Times explains, why do they care? It's not the bankers money. Let this be a lesson to lawmakers who do not believe in limits for this money. The government must put restrictions when handing over this amount of money, especially when you still have a worsening economy and many other struggling Americans. How much more are we going to let these corporate leaders get away with?

1 comment:

  1. Who do we need to hold responsible for this? Is giving the banks money without rules like giving an alcoholic a bottle....

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