John R. Houk
© January 9, 2010
How crazy is the Democratic Party managed Congress and Obama Administration? Remember the outrage in the media over some big dog institutions handing out huge bonuses to upper management even though these companies received billions of dollars of tax-payer government money.
Frankly the typically Left leaning MSM did a good thing in publicizing this outrage. When private industry takes public money in a bailout, outrages of downright greed needs to be reported.
Unfortunately MSM lapses in reporting on the corruption of publicly funded Fannie Mae and Freddie Mac smacks of a Leftist collusion in the Democratic Party fringe in the socializing of America. Now it appears socialized corruption involving Fannie Mae and Freddie Mac continues with no lessons being learned from the unrestrained bad loans given for houses that began the biggest financial crisis in America since the 1930’s Depression.
The Dems and the Obama Administration have given another 42 million in executive bonuses to Fannie Mae and Freddie Mac. I received an email from the Media Research Center exposing the hypocrisy of the big three Networks failure to publicize this government hypocrisy in giving tax dollars to government managed executives who began America’s financial debacle that led to a mass bailout of other financial and big corporate employing industries.
If the private industry bonuses were evil, are not government direct funded bonuses more evil in the institution of a socialized America?
JRH 1/9/10
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