corporate welfare

We have corporate welfare but we can't help a 90 year old woman with her mortgage. Congress and the President should be ashamed of themselves for the way they've handled the mortgage crisis.

Reuters:

The Senate just approved a modified 700 Billion corporate welfare
rescue plan.

The Senate could have provided health care for all Americans, helped pay the mortgages of those who were losing their homes, but we all know it's the corporations that run the country, and if you ever doubted that, you have indisputable evidence of that now.

Mark Cuban was talking about the need for transparency.  He also mentioned that one of the problems that allowed such a large drop today is that the short selling rules are keeping people from hedging their bets and keeping the markets honest.  A couple of nice soundbites too…

“Policians don’t want transparency because then they’re held accountable.”

George Will wonders what the recent nationalization (or “bailout” in politically correct terms) of A.I.G. means for the future of corporate welfare for the automobile industry.

From the Farragut Press:

From Ben Cunningham:

The Tennessean employs a rather interesting format on its Opinion page. Take one issue, offer the house view, then grab three outsiders to provide contrasting arguments. In theory, it’s a grand idea. Readers are served a buffet of competing notions, and can decide for themselves where they land on the issue.

Democratic U.S. Senate candidate Bob Tuke has voted:

Kevin Drum at Washington Monthly suggests a better idea than a few months of no gas taxes would be repealing the labyrinth of subsidies for oil companies. But finding out the costs for such a repeal is no simple task. Is it 20 billion dollars annually?

Where's the outrage on the left?