Friday, December 12, 2008

Question

What I don't get is why the financial institutions on Wall Street get $700 billion, and Detroit can't get a (comparatively) measly $15 billion.
Sure the model of the Big Three in Detriot has been flawed, but seriously, wasn't the model used by the CEOs of the big Wall Street firms equally messed up too? They ended up making Americans lose $1.2 trillion (12 zeros) in two days. Something's not right there. Now what gets my goat is that companies who are receiving tax dollars for bailouts are giving huge bonuses to executives. Doesn't seem right.
Without money to the auto makers, let's see how much more than $15 billion our economy loses in the next few days. Maybe I'll be proven wrong. It just doesn't make sense to me that the congress was so willing to trow tax dollars to white collar industries but are unwilling to budge when it comes to issues concerning the average American.
On the bright side, if the economy tailspins and goes into the next Great Depression, it'll be because of the Republicans. Just think how long the Dems will be in power then... (mwah ha ha ha)

No comments: