Me and Jacob - Disneyland 2004

Me and Jacob - Disneyland 2004
(I'm the one with the beard)
Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Wednesday, October 29, 2008

How it works

Just a very brief lesson today:

When we take hundreds of billions in taxpayers’ money and redistribute it to Wall Street investment banks, that’s bold, decisive action in response to a major financial crisis.

However, when we take any money at all from the investment bankers and other multimillionaires and billionaires who benefit significantly from the bailout and redistribute it to the taxpayers to help them have better schools, nutrition and health care, that’s socialism.

You now have a much better understanding of how economics works.