Day: October 17, 2009

It wasn’t supposed to work this way: Taxpayers bail out huge financial institutions and those bailouts help the institutions get richer while average Americans get poorer.

But that’s what happened.

Wall Street titans are richer than ever and the banks on the verge of collapse just a year ago are now readying huge bonuses for the executives to run them.

And they have Washington to thank for their continued growth in wealth.

President Barack Obama’s penchant for throwing money at any and all problems that face this nation will drive the federal deficit to gigantic proportions by 2013 and that debt could wipe out any gains in the nation’s struggling economy.

The federal deficit rose another trillion dollars over the last year — the largest relative debt since 1945.

Former President George H.W. Bush says MSNBC entertainers Keith Olbermann and Rachel Maddow are “sick puppies” for the way they treat his son — former President George W. Bush — and other who don’t agree with him.

The elder Bush, in an interview with CBS News, singled out the two liberal talk show hosts as examples of what he called an increasing lack of civility in politics.

“I don’t like it,” Bush said of the coarse tone of national debate. “The cables have a lot to do with it. It’s not just the right. There are plenty of people on the left.”

Maddow and Olbermann anchor MSNBC’s nightly dishing of liberal opinion and often single out George W. Bush for harsh commentary and treatment. Although neither are trained journalists, the cable network bills their talkfests as “news” shows.

President Barack Obama promised to rid Washington of the cozy, back-scratching relationships between politicians and well-heeled corporate lobbyists.

Instead, he and the Democratic leadership in Congress hopped right into bed with them and set in motion a conspiracy with health care industry groups that generated a watered-down reform bill and a high-dollar propaganda campaign aimed at selling the plan to the American public.

It’s just another example of how big money and special interests control Congress and the White House.

It’s also why real health care won’t happen.