Was bush the corporate bailout king
If George W. Bush is looking for a legacy (or maybe just a place in the Guiness Book of World Records) he should lobby hard for his place as America’s Bail-Out King, because he is far and away Numero Uno in this hardly coveted category.
A look at his financial accomplishments:
Airline Industry bail-out (2001) $19 Billion
Fannie Mae-Freddie Mac bail-out (2008) $200 Billion
Bear Stearns bail-out (2008) $30 Billion
AIG bail-out (2008) $85 Billion
Wall Street Comprehensive bail-out (2008) $700 Billion
Auto Industry bail-out (2008) $25 Billion (passed as part of the Wall Street comprehensive bail-out)
Fed Bank bail-out (2008) $99 Billion (additional $$ pledged AFTER the Treasury Dept. bail-out of Wall Street)
Military-Mercenary Industry Give-away (2001-2008) $713 billion
Tax Cuts for the Wealthy bail-out (2001-2008) $1.3 Trillion
GRAND TOTAL: $3.171 Trillion dollars
Interestingly enough, the federal deficit since Bush took office has risen almost $3.8 Trillion.
And the GOP is worried that the Democrats will engineer the largest transfer of wealth in this country’s history? Give me a break already.
(Cross posted at Bring It On)
You can follow any responses to this entry through the RSS 2.0 feed.
- Scott Says:
September 30th, 2011 at 1:18 am1
You don’t have to be high school graduate to know what Bush was doing when he approved and gave all those billions of dollars to the people who already had billions! There is 7 billion people in this world, Bush could have gave everyone including children 1 billion each, let the people bailout their countries and that total is 693 billion dollars less than what he gave to the companies that caused all this to begin with at least the taxpayers would be paying for something they actually recieved instead of giving to those who deserve to be put out of business and sent to prison with life sentences, because that is exactly what the of this country got! LIFE SENTENCES for doing absolutely nothing but trying to survive. Bush not even a poor excuse for a man, he isn’t even human!
Mail (will not be published) (required)
See Votes by State