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
families.


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.

Cascajun