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Audacity of Truth
Rahmbo:
"Rahm Emanuel is son of the devil's spawn. He is an individual who would sell his mother to get a vote. He would strap his children to the front end of a steam locomotive."
-Rep. Eric Massa (D-NY) on Obama's COS, 3/7/10
Velvet Lair- Legends March 18, 2010
- Some things are just not cute March 18, 2010
- The adventures of the lady spider killer continue March 11, 2010
- Intermission February 19, 2010
- People who allow their dogs to poop in other people’s yards February 16, 2010
- Big Government
- Hot Air
- Michelle Malkin
- Video: Democrat Rep. Perriello admits, “If you don’t tie our hands, we will keep stealing”
- Speed-readers unite! House Rules Committee finally releases Wreckonciliation bill; Hoyer announces weekend schedule
- The House vote on the Slaughter Solution: Update: Constitution-butchers prevail, 222-203; Roll call vote added; Calling out Dems Altmire, Lynch
- Jake Tapper
- Legal Insurrection
- 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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4 Responses to “Yet another bailout”
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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.