Monday, December 22, 2008

Boondoggle!

Congress has been passing out tax money like it was penny candy.

Recently billions of dollars was earmarked to bailout banks and financial instituitions. Now if any company should know how to handle money it should be a company whose business is handling money. I mean handle it responsibly, not just play with it.

Yesterday an Associated Press story revealed that bank executives got billions of dollars in bonuses and incentives last year and then asked the taxpayer to pay for them. Read the story on MSNBC . Some banks cut executive salaries but still doled out multi-million dollar bonus packages.

If you screwed up as badly as these company leaders did, you'd expect to get fired.

This morning the Associated Press released another story story that 21 banks refused to say how and where they were spending our tax money. Some of them claimed they just didn't know. Duh, maybe this is why they needed to ask for a handout in the first place?

MAYBE CONGRESS SHOULDN'T HAVE HANDED THEM OUR MONEY WITHOUT DEMANDING ACCOUNTABILITY?

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