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Audacity of Truth
Big Government- Hot Air
- Michelle Malkin
- Wheeling & dealing: Snowe pow-wows with Obama; Landrieu, Schumer, Daschle behind the scenes
- Saturday in the Senate: Cash for Cloture; Reid gets 60; Update: 8:15pm Eastern cloture vote – 60-39; Voinovich absent; Dems invoke Teddy Kennedy; Reid: “Ted would be happy.”
- Another day, another Berkeley tantrum
- Jake Tapper
- Lynn Sweet
Yet another bailout
This time, Citigroup will be the recipient of billlions in federal bailout dollars. The total number of dollars pledged so far to help “struggling” industries? Bloomberg calculates somewhere in the neighborhood of $7.4 trillion. Will TV networks be next?
Heck, while we’re on the subject, where the hell’s my bailout? I’m sure as heck not the only taxpayer who’ll probably need one once the various “rescue plans” have been implemented. 
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You just wait in line, Missy! There’s plenty of more deserving folks like the New York Times. So you sit tight, and reflect, and know that eventually you too shall be deserving of the government’s love.
Unfortunately, it gets worse.
Citigroup tried to slide this under the table a month ago, in its aborted takeover of Wachovia. The federal guarantee involved in that transaction, which you’ll recall was not required with Wells, Fargo as the purchaser, was actually intended to support Citi’s toxic loans. More here Needed: A Few Good Hangings
Mmm … let’s see. Approximately 138M taxpayers (Wikipedia number) and 7.4T in taxpayer-sponsored relief.
That’s………..7,400,000,000,000
divided by…………….138,000,000
If my math is correct, that’s approximately $53,623 per taxpayer. And that is assuming that every tax payer is paying his/her share equally … and that the bailouts are over.
Compare this one-time taxpayer-sponsored payout to the average yearly salary of the average US worker.
That’s simply frightening.
This ain’t over by a long-shot. Hunker down, folks. And stock up.