Republicans Still Don't Care about Americans
Republican Senators are throwing up roadblocks for a Bailout of the Auto Industry. They only had slight qualms about giving 700 Billion plus dollars to the Financial Industry, an industry that hands out Multi-Million Dollar bonuses to their Executives and bonuses equal to two times salaries to their middle management. The Republican Senators do not have the same concern for the hourly workers on production lines in the Automotive Industries. The Financial Industry taking advantage of the Republican Policies that deregulated their industry created financial instruments such as Credit Default Swaps that have proved to be the undoing of the American Economy. Although they would like to try to blame the current financial problem on 5% of the mortgages in default that is not a realistic scenario. The damage to the economy was caused by the Financial Industry itself with its exotic financial instruments that were kept unregulated and their wild speculation and leverage led by Hedge Funds and...