The bailout floodgates are now open
Now that the Democrat-led Congress is throwing bailout money at anything and everything, American Express is lining up to be a recipient, and there is now talk of a bailout for the automobile industry. This comes as the Democrats have railed against the Bush administration for running deficits, yet the Democrats seem to have no limit to the amount of taxpayer money they are willing to pass around to private-sector industries, which will only add to the federal deficit and the national debt. Meanwhile, the stock market continues to tumble, despite the excuse that the bailout(s) was supposed to rescue the financial industry. It’s too bad the Democrat-led Congress isn’t as willing to throw money back at the taxpayers in the form of tax cuts. Oddly, Democrats consistently rail at big corporations and their fat-cat CEO’s, yet what we’ve seen these past few weeks is a massive transfer of wealth from the taxpayers to private-sector industries.
Michelle Malkin » American Express lines up for bailout money
