Tax Payers Got Paid

Posted by Thraxxus on Dec 15th, 2008 and filed under Business, Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry from your site

Actually we didn’t, and won’t any time soon. I am of course referring to those wild promises made just a few weeks ago about the bailout. It went something like this – “The bailout will give the American Tax Payer a name stake in  the Companies that they are lending to. We consider it a worthy investment that will reap profits for the taxpayer.”

According to NPR late last week (sorry I’ve been travelling and couldn’t tell you this earlier) in just 6 weeks the value of the stocks of the companies that we bailed out has managed to drop the value of our bailout 50% already. Given those types of investments I can see clearly how we got into this mess to begin with. Who hired these yo-yos? Oh thats right, WE DID.

1 Response for “Tax Payers Got Paid”

  1. GlazednConfused says:

    To keep from being depressed, I recommend all readers listen to less NPR and watch more hamsters on pianos.

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