Sunday, December 5, 2010

$9 Trillion in Fed Bailouts Saved the Elites, But $50 Billion for Unemployed Will Bankrupt Us?

Here's an excerpt from "The Con of the Century," by someone worth reading who gets it:

[U]nemployment insurance will cost roughly $4 billion per month and most of this money will go back into the economy. Congress is stalling on this yet the media is completely silent on the $9 trillion in Federal Reserve loans? This should be the headline story over and over until people realize how big the bailout was (and how this false dichotomy is being used as propaganda in the media as if $4 billion a month is going to bankrupt the system). The banking elites just want to shift the blame to “poor” people while ignoring the elephant in the room which are the trillions of dollars in Fed loans.