FOLLOW the BAILOUT BILLIONS of TAXPAYER dollars:
Over at NEWSWEEK today, uber neo-con reporter MICHAEL ISIKOFF & Dina Fine Maron FINALLY get around to _THE STORY_ of America these past two DECADES.
THE story since the collapse of the Soviet Union and the "end of the Cold War" robbed America's media, political system, and Congress of a common, hyper-powerful enemy:
...and that story, of course, is the SUBMISSION or SUBSERVIENCE of the COMMON GOOD to the power of WEALTHY ELITES to BUY CONGRESS and CONTROL the political & media (press) system through CONTROL of the media and OPEN BRIBERY, aka "CAMPAIGN DONATIONS", ESPECIALLY the ability of LARGE FINANCIAL INSTITUTIONS to SEDUCE our elected Representatives and Senators, or to terrorizie them out of office by financing their opponents.
Today Mr. Isikoff & Ms. Maron point out what has been going on all along:
That Politicians hand out HUGE government CHECKS worth hundreds of millions of dollars, or deliver HUGE TAX CUTS to businesses and large finanical institutions, - IN RETURN FOR CAMPAIGN DONATIONS.
Only now that those CAMPAIGN DONATIONS COME FROM COMPANIES that WOULD BE IN BANKRUPTCY, were it not for Congress HANDING OUT
__HUNDREDS OF BILLIONS of taxpayer dollars....
...now even the MOST CLUELESS and COMPLICIT of neo-con reporters and their Imperial War-Party Authoritarian "news" organizations (really pro-big-business PROPAGANDA organizations, like the Washington Post and New York Times) can NO LONGER HIDE just how OBSCENE this process is.
http://www.newsweek.com/id/190363 << Other [BAILED OUT BANKS] are quietly DOLING OUT CASH TO SELECT MEMBERRS OF CONGRESS, PARICULARLY those WHO SERVE ON COMMITTEES THAT OVERSEE TARP [the BAILOUT Funds!]. In recent filings with the Federal Election Commission, the __political action committee for BANK of AMERICA__ (which got $15 BILLION in bailout money) sent out $24,500 in the first two months of 2009, including $1,500 to House Majority Leader STENY HOYER and another $15,000 TO MEMBERS of HOUSE and SENATE BANKING PANELS [!!]. CITIGROUP ($25 billion) DISHED OUT $29,620, including $2,500 to House GOPWhip ERIC CANTOR, who ALSO GOT $10,000 from UBS which, while not a TARP recipient, GOT $5 BILLION in BAILOUT FUNDS as an AIG "counterparty."
The cash flow [from BAILED OUT BANKS to BRIBE Senators & Congressmen\women] is already causing angst inside the Beltway.
House Democratic fundraisers have quietly passed the word that the party's campaign committee will __RESUME__ accepting them [BAILOUT DONATIONS] — but down the road, not right now. Said one fundraiser, who also requested anonymity, "These are treacherous waters." >>
** NOTE: Taxpayers must actually pay TWICE on the "MONEY" GIVEN to FAILED BANKS: first the bailout dollars themselves, and then the FINANCING, or INTEREST on those bailout billions!!
Because CONGRESS has ALLOWED the Bush administration to RACK UP TRILLION-DOLLAR DEFICITS over the past 8 years, the government MUST FIRST BORROW MONEY before it can GIVE IT AWAY!
So taxpayers must first pay off the "principle" on those BAILOUT BILLION.... AND THEN pay off INTEREST on them; to American and foreign BANKERS, for the PRIVILEGE of BAILING THEM OUT!
The Great Mr. Olbermann, at MSNBC's COUNTDOWN news show, details the process by which bank executives act as if they OWN America - and the VAST BAILOUTS CORRUPTION to which they feel ENTITLED. The only thing Olbermann doesn not quite mention is CONGRESS' ROLE in FACILITATING this vast, in-your-face CORRUPTION, ENTITLEMENT, and ABJECT FRAUD.