Saturday, August 22, 2009
MAGNITUDE OF BAILOUT
Yahoo news featured lately Fox Business news on the magnitude of bailouts that the government gave away to giant companies with exorbitantly paid CEOs’. Certainly, ordinary citizens and students of economics have been wondering if indeed this is the redistribution of wealth that economic concepts, experts in economics, and members of congress have advocated. If this is correct, then why are there so many obstacles in passing the Healthcare bill supported by the US president which would in some way be akin to bailout, but this time to the needy sectors of the society? Why does not senators push for its passage?