Mar 18, 2020

Jim Quinn on the coming bailouts

Bailouts for airlines, cruise lines, frackers, hotels, and any other favored industry is in the offing. The fact these fake capitalists borrowed at near zero rates and bought back hundreds of billions of their stock in order to boost their stock price and reward themselves with hundreds of millions in bonuses, is water under the bridge in our crony capitalist paradise. It is truly despicable and traitorous to bailout these scumbags after their ten year orgy on the nation’s wealth.

Trump and his minions are following the exact playbook used in 2008/2009. Socialism for the corporate titans when they blow up the financial system, while average Americans lose their jobs and have their 401ks wiped out for the 3rd time in the last two decades. Every action being taken by politicians today is to save Wall Street and the mega-corporations who buy and sell them.

~ Jim Quinn, "Nothing to Fear But Fear Itself," LewRockwell.com, March 17, 2020

Image result for airline bailout cartoon

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