Thursday, January 15, 2009

Fuck the senate

The senate approved $350 billion to some bailout bank bullshit today.

If the gonvernment is going to provide money in this way to corporations, then we are slowly converting our republic-democracy to a corporate socialism. 

Letter to Harry Reid on Thurs --> companies that get government help would be required to get approval from their primary regulator before they could pay dividends to shareholders, and they would be limited in the executive compensation they could pay out.

This means: If the goverment gives you money, the goverment makes the rules. I'm sure there's more rules.

Here's the dumb question: Why don't we bail out a health insurance company, or perhaps an oil company ?

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