January 17, 2009
Bailouts Filling a Bottomless Pit?
Financial bailouts are doing nothing to remedy a global economy that is facing a structural reckoning.
As evidenced by the Government Accounting Office (GAO) of the United States, massive amounts of the bailout funds are simply being funnelled to offshore locations. Full story here .
One day, people will wake up and say "why are we giving more money to the people who are creating the problem?"
That said, the people who have created the economic crisis are still calling out for more tax cuts and more favourable policies towards corporations. Not paying their fair share isn’t enough. They don’t want to pay anything .
Well said.
Glad to have discovered you!