Finance jumped from 4% of GDP (1960s) to 8% (2007), costing $2 trillion annually—more than healthcare, construction, food combined. It's computer money-shuffling.
Posts tagged 'corporate-welfare'
6 posts tagged with "corporate-welfare"
70% oppose weapons subsidies, 46% oppose farm subsidies. Government does it anyway. Democracy works perfectly if you order cinder blocks not pizza.
Government gave doctors earning $200k up to $44k for iPads costing $500. Took taxes from staff making $25/hour who then lost jobs to the technology.
AIG bailout cost $2,000 per household. Goldman gave Obama $43 million, got billions back. Like ordering bottle service except you weren't at club.
Fed printed $6 trillion for bank bailouts. Stock prices soared, rich got richer, poor can't afford houses. Inflation only 1.5% though.
Chile recovered from 1982 crisis in 2.5 years without bailouts. Mexico took 7 years with intervention. Government stimulus is like using a flamethrower to put out a fire.