Kavmerica.com

For the past several months Congress has been bungling the economic recovery of the United States in every way imaginable. Lack of oversight, no direction and pork barrel spending have been their trademarks. So far they have spent $700 Billion of the taxpayers dollars on the Bailout and are closing in on approving an $825 Billion dollar Economic “Stimulus” package. Thus far the Bailout has done nothing to help the economy and each day we read about more and more CEO greed and corporate waste. The new Economic Stimulus package is doomed to the same fate as the Bailout. It is filled with Congressional pork barrel spending. If they were serious about helping the average Joe they would have instituted a plan similar to the one below. It’s simple and to the point.

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In case you have not heard it’s been reported that Wall Street companies handed out $18 Billion dollars in bonuses as the US economy crumbled in 2008. Where did that money ultimately come from? The tax payer funded Bailout. The only thing that the Bailout has really shored up is the compensation system for rich executives. The economy is still in shambles, companies are failing left and right but the rich have gotten richer.

Now apparently President Obama has come out to express his disgust for this type of behavior but where is the action? Where is the oversight of these companies receiving tax payer funds? Congress essentially handed them a blank check but you don’t see them taking any responsibility. They are ultimately to blame but we all know that nothing will happen to them. The gave all the responsibility to former Treasury Secretary Henry Paulson. Before becoming Treasury Secretary he was the CEO of Goldman Sachs. Why would put a former Wall Street CEO in charge of handing out funds to Wall Street CEOs?

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Citibank, one of the financial institutions at the heart of the banking problems has announced that it will go ahead with it’s plans to purchase a new $50 million dollar luxury jet for their executives.  This comes on the heals of them laying off over 75,000 workers and taking $45 billion dollars worth of bailout funds from the taxpayers.  That’s right, your tax dollars are going to pay for this new corporate jet.  Apparently Citibank has learned nothing from the fiasco that the Big 3 Automakers got themselves into when they decided to use private jets to get to Washington.

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In case you don’t already know, the bailout is a joke… on you. Thus far none of the $350 million Congress has released has gone home owners. Although that shouldn’t be a surprise when you consider the man who is running the bailout program, Henry Paulson, worked on Wall Street before coming to Washington. He has made it a priority to make sure his cronies on Wall Street got their fill at the US tax payers expense.

Want some of that bailout money? Too bad you’re not a bank cause the form to request the money is ridiculously simple.  Just two pages that you need to fill out, see for yourself: Bailout Application

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