See, not all of the money was simply doled out to banks. A lot of the $700 billion that was appropriated either hasn't been spent, or went to programs such as housing relief, auto company assistance, and credit market unclogging.
Sunday, June 28, 2009
Bailout trackdown
Go here for a trackdown of the money spent on the bailout. Why, you may ask, is so much of the bailout money not yet spent? Are the politicians having trouble finding places to spend it? Or are they being frugal with your money. Well, the answer to those questions would be no. This is simply another political scam politicians are running to feather their own nests. Remember how it was SO urgent it had to be passed NOW, right this MINUTE, or the whole country would fail? Then Obama went on a "date" to Chicago with his wife, leaving the bill unsigned for almost another week? This is a tactic the Democratic congress is employing to get their taxes passed, and then dole out the proceeds to constituencies that will support Democratic politicians. So those billions just waiting to be spent (although ACORN has already received billions of dollars) will be allotted closer to the 2010 election. Yep, that's right. Political spending.
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