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November 01, 2008

Goldman Sachs Gets 9.8 Billion Bailout: Pays 11 Billion in Bonuses

Posted in: Uncategorized

giant-pig.thumbnail.jpgYour tax money at work. Aren’t you so glad Congress passed the bailout bill. Multiple choice questions below:

Was the Bailout Bill passed to?

a) Get the banks lending again;

b) save the stock market from melting down; or,

c) Make sure that financial firms could continue to pay out massive bonuses?

According to Washington Elites What is the Biggest Budget Problem?

a) Corporations not paying enough taxes?

b) Rich people not paying enough taxes?

c) the Military budget, which is as large as the rest of the world combined?

d) Giving money to the rich through means like the bailout and Bush’s tax cuts?

e) Too much entitlement spending. Aka: medicare, medicaid and social security.

Correct answers below the fold

c – Make sure that financial firms could continue to pay out massive bonuses.

e – Too much entitlement spending. Aka: medicare, medicaid and social security

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