Monday, September 22, 2008

Did we have the money all along?

Senator Sanders speaks to the administration's sudden volte face on the availability of funds:
I mean, for the longest period of time, up to literally a few weeks ago, we had our friends in the Bush administration telling us that the fundamentals of the economy are strong, everything is just fine. And now they tell us we’re on the verge of a major economic meltdown. We’ve got to give Wall Street a $700 billion bailout. And, by the way, of course, it is not going to be the people who have benefited, the people at the very, very top who have benefited financially from Bush’s reckless economic policies who are going to pick up the bailout; it is going to be the middle class, which has been suffering for the last eight years.
For years now, they’ve told us that we can’t afford—that the government providing healthcare to all people is just unimaginable; it can’t be done. We don’t have the money to rebuild our infrastructure. We don’t have the money to wipe out poverty. We can’t do it. But all of a sudden, yeah, we do have $700 billion for a bailout of Wall Street.
Hmm, that sinking feeling in the pit of my stomach isn't a good one. I guess this is capitalism at its best - bail the rich out with the money from the not-so-rich...

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