Actually, it has ramifications for the near future too. Bailout defenders say that while the bailout puts off stuff like national health care, infrastructure repait and energy reform, if we don’t bail out the system none of that will ever happen because we’ll be ruined. “So,” they say, “taxpayers must hand over $700,000,000,000 so the banks can start making loans again.” yes, yes: i know it’s not all in one sum. The installment plan.
But if the banks aren’t using the money for loans, and are instead handing out bonuses, covering executive salaries, and eating up more banks (even those that are in perfect health), exactly how is the bailout supposed to work?
No one’s explained that to me. i just get told I’m wrong and that I have an irrational hatred of wall street. neither really answer the question.
At one point, she filmed a pilot for a weekend political show with CNN. “She seemed really constrained there,” says a person involved in the program. “It was like they didn’t know what to do with her.” The pilot never went anywhere. CNN president Jon Klein says it was because having an “obviously liberal” host didn’t fit with the mission of the network.
But having this fat-ass, shit-for-brains, douchebag on every day does fit with the mission of the network?
God, just how obvious do they want to be about their agenda?
Great article, I love maddow’s show when i can catch it.
In other news, Goldman’s using the bailout money for bonuses and salaries that “comfortably dwarfs the £6.1billion lifeline which the U.S. government is throwing to Goldman as part of its £430billion bail-out”, not loans.
Who could have predicted that?
Only most of us who keep our eyes glued to the machinations of capital, that’s who.
But since the pain of government debt is passed onto the next several generations, us boomers don’t really care, do we?
Actually, it has ramifications for the near future too. Bailout defenders say that while the bailout puts off stuff like national health care, infrastructure repait and energy reform, if we don’t bail out the system none of that will ever happen because we’ll be ruined. “So,” they say, “taxpayers must hand over $700,000,000,000 so the banks can start making loans again.” yes, yes: i know it’s not all in one sum. The installment plan.
But if the banks aren’t using the money for loans, and are instead handing out bonuses, covering executive salaries, and eating up more banks (even those that are in perfect health), exactly how is the bailout supposed to work?
No one’s explained that to me. i just get told I’m wrong and that I have an irrational hatred of wall street. neither really answer the question.
But having this fat-ass, shit-for-brains, douchebag on every day does fit with the mission of the network?
God, just how obvious do they want to be about their agenda?
Not to mention the snarling xenophobe, Lou Dobbs…
Yes, and the same descriptors I assigned for Beck fit Dobbs as well.