Posts tagged ‘Corporate Welfare’
Obama rejected arguments by the Republican party to reward executives for failure. Who would argue for allowing corporations who are essentially on welfare to keep giving billions in tax dollars to executives? Senate Minority Leader Mitch McConnell, the voice of the Senate Repubicans.
In the light of the billions given away in bonuses under the Bush Administration’s handouts, the Obama administration is making some changes and starting today, the bailout is no longer a handout. Under the new plan, beneficiaries of corporate welfare will have limits on executive compensation. If the company doesn’t want to cut its executive pay it doesn’t have to – it just won’t get assistance. We’ll help those who first help themselves, right? That goes for you Wall Street executives, too.
Stop taking our tax-dollars and you’ll be free to do as you choose. The tax dollars should go to help Americans who need help, to improve our infrastructure, to keep our country secure. To provide beach-front vacation homes for wealthy executives….not the purpose of tax dollars.
If you saw tonight’s debate, you saw Governor Sarah Palin give a spirited defense of the same disastrous policies that have failed us for the past eight years.
She couldn’t identify a single area where she or John McCain would change George W. Bush’s economic or foreign policy positions.
If you want something different, Barack and I need your help.
Make a donation of $5 or more right now to bring about the change we need.
The change we need is fixing this broken economy from the bottom up — not tax breaks for the wealthy and huge corporations that ship U.S. jobs overseas. We need to focus on defeating al Qaeda and the Taliban and restoring America’s standing in the world — not an unending commitment in Iraq.
Let’s be clear: Governor Palin and Senator McCain are offering nothing but more of the same failed Bush policies at home and abroad, trying to disguise them in the rhetoric of change.
Ah, more corporate welfare…funded by taxes. Staffed by experts in the financial industry these businesses loaned money to risky customers. And when their risk didn’t pay…our already completely in debt government stepped in to rescue them. Because if we can afford to help anyone, it’s businesses who made poor decisions.