The news just keeps getting worse and worse here in the USA.
"Bipartisan group works to revive auto bailout" reads the AP headline. Well, yeah, there are corrupt Congress-critters from "both" side of the aisle supporting the taxpayer money giveaway. But they're really all on the same page -- paid off by auto industries residing in their homes states.
And then there's this jerk, South Financial Group CEO Mack Whittle. He takes an $18 million golden parachute just before his company gets $347 million in taxpayer money bailout.
We've already heard about lots of other such cases, like the notorious AIG junket and party paid for its bail-out millions.
How bad does it have to get before taxpayers rise up and storm the offices of these greedy bastard CEOs bearing pitchforks, tar and feathers? Or are Americans so complacent and stupid these days, they won't do a thing?
Many years from now when they write the history of the USA ("a quaint democratic republic which died decades ago due to corporate greed and citizen apathy"), this bailout spending will be noted as a turning point in the downward spiral.
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