The Economic Time Bomb

We the American people are mad as hell and we’re not going to take it any longer.  Fannie Mae and Freddie Mac owe millions of dollars in back taxes and plan to give out millions of dollars in bonuses after accepting billions of dollars in tax payers money.

AIG has given out billions of tax payers dollars to other banks in insurance payments even though the stipulations of the insurance policies were not met and AIG still intends to give AIG executives millions of dollars in bonuses.

All three companies would have failed if not for bailout money.  Congress has to do something to stop these bonuses before the citizens of the United States lose faith in the economy and faith in both the Republican and Democratic parties.  The nation can’t afford politics as usual.

The news is bad and getting worse.  The middle class and working class family is hurting.  The Obama administration only has one four year term to get it right.

*****

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