Friday, March 21, 2008

Are Bailouts only for Wall Street?

In an era where the government is spending billions of dollars to bail out Wall Street institutions, Dwayne Powell of the News & Observer gets right to the heart of the matter with a simple cartoon.
As outlined in The Great Mortgage Industry Heist, the creation of billions in liquidity for bank bailouts by the Fed acts as a burden on the entire U.S. population. Consumers see the results every day in rising food costs, soaring gas prices, and increasing local tax burden.