10/27/08

Corporate Welfare

Some economists call the recent economic stimulus checks a form of welfare. Now we have the spectacle of banks lining up for government cash. Aren't financial institutions accepting a form of welfare? Government programs designed to help individuals are smeared as welfare but the infusion of government cash to rescue financial institutions is couched in all sorts of benign economics jargon. Lets face it, cash infusions by the government to financial institutions is corporate welfare!

No comments: