Govt to the corporations: "We'll take care of you." Govt to the People: "STOP WHINING!!!"

[ck4829]

And pull yourselves up by your bootstraps already!

"President Bush argued Monday that the government's dramatic rescue of Citigroup was necessary to "safeguard the financial system" and help the economy recover, and he said there could be more such moves if other institutions need help.

Bush said he approved the action, recommended by Treasury Secretary Henry Paulson, while flying back to Washington on Sunday evening from meetings in Peru with Pacific Rim leaders. He said he also spoke with President-elect Barack Obama on Monday morning, part of what he has promised will be "close cooperation" between his administration and the Obama camp until the transfer of power on Jan. 20.

Referring to the Citigroup rescue, Bush said: "We have made these kind of decisions in the past. We made one last night. And if need be we will make these kind of decisions to safeguard our financial system in the future."

Briefing reporters later, White House deputy press secretary Tony Fratto would not identify any other firms or institutions that the government could help next."

http://news.yahoo.com/s/ap/20081124/ap_on_go_pr_wh/bush_paulson

[undergroundpanther]

1. It's

Socialism for the rich, unregulated predatory capitalism for the poor.
It's beginning to look alot like feudalism.

[sarcasmo]

2. Class warfare. Citigroup to big to fail, GM, oh well.

[StreetKnowledge]

4. GM has lots of people without university degrees

And is the big base for the United Auto Workers union. And we all know how much the Post-Reagan Republicans love Unions - PATCO hasn't been forgotten.

[riqster]

3. "Privatize the Profits, Socialize the Costs"

That's Bushenomics in a nutshell.

[truedelphi]

5. And the new government might well be somewhat the same

As the old government.

Geithner does not represent any change for the concept of the American Taxpayer continuing to bailout the corrupt Financial institutions.

[MindPilot]

6. This is because people in government are all very well-educated

with an intimate working knowledge of markets and monetary systems along with the insights and skills necessary to manage hundreds of trillions in a complex world economic environment.

But they dunno shit about cars.

[Hydra]

7. "Intimate working knowledge of markets and monetary systems"

That's actually pretty simple stuff...and even they know they are killing the goose that laid the golden egg(as opposed to working the poor goose to his limits).

The question before was "Why?"

The answer has been given to us, and as predicted, we didn't like it- they're taking everything we have to "fix" this "crisis."