Without Representation

525275744_36fd3df50eOf the $188 billion in bailout funds doled out so far to banks by Treasury Secretary Henry Paulson, $1.6 billion went to pay bank executive’s salaries, bonuses and other perks.

As I recall, there was enormous public opposition to the $700 billion bailout passed by Congress and signed into law by President Bush in September. Our “leaders” turned a deaf ear to the people then and continue to do so today.

The founders would be disgusted that so many Congress members who voted in favor of the bailout were re-elected only weeks later. They would be ashamed of us for what we’re putting up with today.

Explore posts in the same categories: Economy, Politics

Tags: , , , , ,

You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: