4.20.2010

GOP Bailouts


More Republican Administrations used public funds (taxpayer money) to bailout private corporations.

Let's take a look at the record shall we:

1. Penn Central Railroad -- 1970-- Republican Nixon ($3.2 billion)
2. Lockheed -- 1971 -- Republican Nixon ($1.4 billion)
3. Franklin National Bank -- 1974 -- Republican Ford ($7.8 billion)
4. New York City -- 1975 -- Republican Ford ($9.4 billion)
5. Chrysler -- 1980 -- Democrat Carter ($4.0 billion)
6. Continental Ill. Bank and Trust -- 1984-- Republican Reagan ($9.5 billion)
7. Savings & Loan -- 1989-- Republican BushI ($293.3 billion)
8. Airline Industry --2001-- Republican BushII ($18.6 billion)
9. Bear Stearns -- 2008 -- Republican BushII ($30 billion)
10. Fannie Mae / Freddie Mac -- 2008 -- Republican BushII ($400 billion)
11. American International Group (A.I.G.) -- 2008 -- Republican BushII ($180 billion)
12. Auto Industry -- 2008 -- Republican BushII ($25 billion)
13. Troubled Asset Relief Program-- 2008 -- Republican BushII ($700 billion)
14. Citigroup-- 2008 -- Republican BushII ($280 billion)
15. Bank of America -- 2009 -- Democrat Obama ($142 billion)

Republicans have spent $1.9582 TRILLION DOLLARS on corporate bailouts
Democrats have spent $146 Billion Dollars on bailouts.

What's wrong with the hysterical response to this picture?

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