Thursday, March 27, 2008

More Corporate Welfare

The Bear Stearns Welfare Program
Mike Papantonio of GoLeft TV and Air America's Ring of Fire talks about how the US government has become a crutch for big corporations seeking a bailout, while leaving millions of American citizens without enough money to even provide food for their

And of course when it comes to help for homeowners who face losing their homes: "White House resists pleas for mortgage bailout"

1 comment:

Randy said...

Why would a bailout of homeowners be any better or worse than a corporate bailout? Both are special interests and in both cases my tax dollars would be used to subsidize irresponsible behavior.

I'm a homeowner. When I financed my purchase last May, I did my due diligence. I got a traditional, 30-year, fixed rate mortgage. My payment fits my budget and I pay my note on time. I am responsible citizen and wouldn't expect anyone to bail me out because I financed on terms that were beyond my means.