Posted on | January 16, 2009 | 3 Comments
The government wants you to believe that the bailout plan was and always has been a mere $700 billion. Once again, our government is not reporting the entire truth; government and reporting the truth, that is enough to make anyone chuckle a little bit. Well Mr. Paulson and Mr. Bernanke, how can the bailout plan be $700 billion when TARP equals $700 billion, the stimulus package was $168 billion and Citigroup was bailed out for $291 billion. I am not good with numbers, but aren’t these three commitments alone over $700 billion. This does not include the $300 billion for the hope for homeowners and the $123 billion loan you provided AIG. One day in the near future, I wish a politician would just be honest. Oh, wait, I would have better luck getting help from this article on Digg; Reddit owns you Digg!
I digress; Mr. Paulson OR Mr. Bernanke, you have lied to the American public for several years now. You made us believe that the economy was not in a recession. You tried to convince us that printing money was an effective way to stimulate this economy. You even attempted to make us believe that bailing out YOUR friends on Wall Street was going to help this economic environment. What now? Let me guess, the housing market is getting better right? Ask any middle class American if THEY think this housing market and economy is getting better. Stop asking your Wall Street buddies who drove Lehmen, Bear, AIG, Freddie, Fannie, Citigroup, WAMU and Merrill into the ground. Have they shown any reason to be a useful resource? They failed just like you seem to be doing. Just tell us the truth! Our tax dollars are going towards an $8.5 TRILLION dollar bailout that might not work. See, wasn’t that easy?