I can admit that I don't know too much about the economy - after all, it's hard to worry about inter-bank credit when you're barely able to afford your own health insurance. I do know that I'm not happy in the least about bailing out Wall Street fat cats when I see a lot of my Indianapolis neighbors going "feral" as they lose their homes.
I'm even less happy with this news: Wachovia loaned the Republican party $8 million - at the same time they had to be rescued by the FDIC and sold to Wells Fargo.
So let me see if I have this right.
- Wachovia has a history of giving to the Republican party. The company's PAC gives 62% of their donations to Republican candidates.
- The federal government steps in to save Wachovia. The bank gets sold to Citigroup by the FDIC, but at the last minute is bought by Wells Fargo.
- George W. Bush, Republican, is in charge of the federal government.
- While the average American can't get a car loan, Wachovia finds enough cash to give the Republicans an unsecured loan of $8 million to fund last minute campaign activities.
- John McCain, Republican candidate for President, is best known for being a millionaire champion de-regulator of the financial industry.
- Deregulation and industry insider greed caused the downfall of the economy and the need for the government to pump billions into the banking industry.
- Who gets a good chunk of that change? Congressmen who voted in favor of the bailout, the de-regulators and industry insiders...
Yeah, maybe - just maybe - there's a reason why Americans are demanding change. I know I sure as hell can't stomach another four years of this shit.
What's pissed you off the most during this election cycle? What isolated incident makes your blood boil and definitely tips you into the Obama camp?
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