World-News

CounterPunch
by Saul Landau and Nelson P. Valdes

03/05/10)

President Obama called his $3.8-trillion budget a big step in restoring America’s economic health. Last year he promoted TARP, the Troubled Assets Relief Program to bail out the financial sector at a mere $700 billion. Anyone — even billionaire bankers — can make mistakes that wreak ruin on the rest of us! Obama also declared as ‘untouchable’ the Pentagon budget of $1.5 trillion (including hidden costs in other government branches), which dwarfs the rescue package for the financial oligarchs. Both payouts, however, used the same logic: Congress taking from the have-nots and giving it to the have-mores. Indeed, the economic, political and military potentates depend on the federal budget to transfer taxpayer resources to them...

http://counterpunch.org/landau03052010.html


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=DoD
http://freepage.twoday.net/search?q=oligarch
http://freepage.twoday.net/search?q=budget
http://freepage.twoday.net/search?q=financial+sector
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=TARP
http://freepage.twoday.net/search?q=bankers
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=Saul+Landau
http://freepage.twoday.net/search?q=Nelson+P.+Valdes