Scared-4-America is a blog for political, social commentary, and economic discussions. Scared4America believes in reading, questioning, and speaking truth to power.
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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