Damn, this recession is great!
If you're a corporation, that is. It seems that all a big corporation - especially a major bank - needs to do to get taxpayer money is hold out its hand, and the cash plops right in.
Now the government is about to give - get this, folks - almost $8,000,000,000,000 more to Corporate America.
Look at that number again, folks. That's 8,000,000,000,000. That's not 8 million. Not 8 billion. It's 8 trillion. I expressed it in numeric format just to show you how big a trillion is. A trillion is a million times a million.
This sum is about $25,000 for every man, woman, and child in the United States. It's also 9 times what the U.S. has spent on the Iraq and Afghanistan conflicts combined.
Worse, the government won't even reveal which financial institutions are getting our money!
All this after banks spent the original bailout money to swallow up smaller banks and buy its executives swanky new jet airplanes.
(Source: http://www.bloomberg.com/apps/news?pid=20601109&sid=arEE1iClqDrk&refer=home)
Tuesday, November 25, 2008
Bailout bonanza balloons (at your expense, of course!)
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It works both ways you know, we will get a return from our investment as taxpayers, and it's already happening! Most people don't realize how much money there is out there. During economic times like this, there is more money to be had than ever. Because of the bailouts and economy, lenders are bending over backwards to bail you out too. Believe it or not, there is people getting tons of cheap money nowdays to start businesses, buy homes, pay off debt, and more. Bailouts for Everyone
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