Monday, September 29, 2008

Welfare for Richie Rich, But Not John Q. Public

Well, it looks like the plutocracy might get their way after all. The current bailout bill has a couple of moderating provisions in it from the first version, but it still is what it is: welfare for the most greedy and corrupt in our society. Moreover, make no mistake, this disaster and the at least $700 B bailout will hurt average Americans in many ways, not the least of which will be by making it nearly impossible for President Obama to expand health care access to millions of Americans, improve schools, pour sufficient resources into renewable/alternative energy, etc. Hell, there is a part of me that believes that is probably an ulterior motive in all of this...

David Sirota offers 5 reasons this bailout package should fail.

Here, Josh Holland discusses what a progressive bailout plan might look like.

And, finally, Chalmers Johnson points out that the out-of-control, wasteful military budget is really what is going to bankrupt the nation, if we don't do something FAST.

What do you think? Do you support the bailout? Do you oppose it? Why or why not...

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