Monday, 27 October 2008

Paulson's Plan, And The Suckers Who Bought It

Folks, this bailout money isn't about loosening credit for consumers or businesses, but consolidating wealth and power in fewer and fewer banking hands. That's great business for the banking elites, but lousy business for the US taxpayer. And it's all being orchestrated by one of their own, in the shape of Hank Paulson, ably assisted by Neel Kashkari, another ex-Goldman Sachs employee (with, according to the US Treasury, expertise in mergers and acquisitions -- what a surprise), and now responsible for administering the banking handouts.
Still, there's a Presidential election in the offing, and most people's attention is elsewhere; currently, it seems, on the cost of Sarah Palin's wardrobe. Meanwhile, the future earnings of US citizens are being siphoned off into supporting the empire building of the US banking oligarchy.

[Posted at the SpookyWeather blog, October 27th, 2008.]


John's Arts & Crafts said...

Great Blog! a new blog giving deeper meaning into the $700 billion bailout or rescue plan

SpookyOne said...

I see your blog John. You really do give deeper meaning to the bailout crisis !