A Question for my Conservative Friends
“When did the Republican party stop being the party of ‘pulling yourself up by your bootstraps’ and become the party of ‘pulling up Fortune 500 CEO’s by your bootstraps’?”
Now, I know that most Republicans and Conservatives (of which there is a difference) don’t agree with the congressional bailout of Wall Street, and the Democrat party is just as culpable as the Republicans for the current cluster going on in D.C. But if the $700 billion that the Bush government ensured got passed out to Wall Street barons went to every man and woman above the age of 18 in the U.S. (which I estimated at around 200 million), everyone would have received $3500 to use as they wish.
And let’s be honest, the majority of people would have used that money to pay bills, or buy stuff they wanted (I would have seen a nice new Mini-DV camera, or used motorcycle to get to work with, in my future). This would have put more money directly into the economy.
Instead, it’s more important to make sure Robert Rubin’s pals on Wall Street got to pull themselves up higher by the bootstraps of average Americans. I just have this vision of Bush leading the group-dive into Scrooge McDuck’s vault of cash. Go figure.