Saturday, February 21, 2009
The bailout
Where the money is going, and where it probably actually SHOULD go. Surprisingly, there is not a ton of overlap. And surprisingly, it has to do with which constituencies the party in power care about more (hint, State Union employees & Bankers). Bankers get a lot of help from BOTH parties, so it's not fair to completely blame the Dems, but it's not like the two senators from NY are Republicans and Obama kept Paulson (an ex banker). I'm comfortable saying the financial folks gave more money to the Dems the last couple of years, if for no other reasons then they believed (correctly) they would be in power coming up soon (now). Although, the post assumes that those in power now DON'T want us at socialism or crony capitalism.