posted on Sep, 13 2009 @ 03:29 PM
reply to post by dooper
That really is the size of it Dooper my friend. Had the bailout money been actually made available to the Small Business Administration so that local
and independent entrepenuers with good ideas, good products, and good business experience could have created new real businesses making and selling
real products, employing real local people, and reasonable wages that would have had a major impact on the economy.
Instead most of it went to the banks to create an illusion of solvency so foreign and domestic depositors would not make runs on them to remove their
deposits and in so doing collapse the financial system.
The rediculous thing about that of course is the bulk of the money went to a few key banks who are owned by the world's wealthiest families who had
they really cared and were responsibile could have bailed out their own poorly running businesses with their own money. Instead they were given yours
and mine to create this illusion, that has not unfrozen credit markets as promised and has done little to help unemployed and under employed Americans
trying to keep homes from falling into foreclosure as promised either.
The rest of the money went to negating the UAW the last real Union that fights for living wage jobs, by making it owners and management with the
Government through the Government/Union take over of the auto industry, while the rest of it has just gone in to more pork barrel government spending
to pass around to key players in home districts.
In the meantime changes in the tax code have prevented the deduction of charitible contributions to many tax-exempt research and community
orginizations that to make up the 200 billion dollar loss in donations the government has made 10 billion available to those research and community
orginizations and foundations, with most of that going to the foundations once again owned by...you guessed it the world's wealthiest people already.
Of course the rest of them can still get government money with strings attached but it's far less money than would have come from the private sector
with no strings attached, so in essence you also have to socialization of the charitible institutions too and government strong arming into those as
well for control.
It's not a pretty picture, and while Obama takes pretty pictures, and paints pretty pictures with pretty words, the actual picture being made by the
government is well...let's face it buddy, FUGLY!