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So... We, the taxpayers of the United States, have provided a bailout to the financial industry. The problem is - there are no oversight provisions or inherent accountability measures, and no disclosure requirements. What this means is that we've given the same people who ran America's financial industry into the ground the autonomy to decide how to spend billions of tax payer dollars without requiring them to report (or even track) how these funds are being spent.
Am I the only person that has a problem with this? I mean - what is the probability that these "bankers" are tossing around bonuses, etc., for performance that, in any other occupation, would warrant immediate termination and possible legal action? This is ridiculous! And do you know who is to blame - our representatives in Congress. Everyone was so concerned that we (the American people) throw money at the financial problem immediately that no one bothered to address the underlying bad practices that created this situation in the first place. Now, I (and every other poor American) get sink swiftly into debt this holiday season knowing that my tax dollars are keeping someone's yacht payments current.
Thoughts like these tend to prompt the question - the problem with Socialism is what exactly?
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If at first you don't succeed, kill everyone in front of you! That should make trying again a lot easier...
