The $700 Billion Welfare Handout - Democratic Underground

Naturyl

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Mon Sep-22-08 02:14 PM
Original message

The $700 Billion Welfare Handout

From my blog, where I expose the handout pyramid scheme:

Not satisfied to merely ask for a no-strings-attached $700 billion wealth transfer from the poor and middle-class to the obscenely wealthy, Paulson wants to make sure that none of the executives and CEO's involved lose their "golden parachutes" - their mega-million-dollar winning lottery tickets predicated on company failure. This goes beyond a refusal to hold the failed companies accountable. It borders on the absurd, and makes the bailout more like a pyramid scheme in which the founders cash out and leave the victims holding the bag.

http://isonomics.blogspot.com/2008/09/700-billion-dollar-welfare-handout.html

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bluestateguy

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Mon Sep-22-08 02:24 PM
Response to Original message

1. Conservatives who support this now forfeit their right to whine about welfare for the poor

Yet whenever you tell them that welfare for the poor makes up about 1% of the federal budget it goes right over their head.

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Naturyl

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Mon Sep-22-08 02:30 PM
Response to Reply #1

2. Agreed.

But I ain't expecting them to stop bitching about Food Stamps anytime soon...

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katty

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Mon Sep-22-08 02:36 PM
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3. Corporate Welfare the gift that keeps on giving-just keep

enabling the crooks & liars--we should have them shut down the government-TODAY.

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Naturyl

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Mon Sep-22-08 03:02 PM
Response to Reply #3

4. Exactly. (n/t)

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