Republicans speak out against the evils of socialism for us, touting the beatitudes of capitalism and how great it is. But remember the $1 trillion bailout of Wall Street that the Republicans all swore that we had to pay for? That all these Wall Streeters and big banks and insurance companies were too big to fail and that we all had to deplete our life savings to pay for their recklessness in the financial markets. And then remember how all those fat cats on Wall Street all got big bonuses that year.
Well guess what? Another big bust is looming on the horizon again, according to a recent S&P study; however, this time the magnitude of the bailout will not be a measely $1 trillion but $5 trillion! And guess who will pick up the tab again? You guessed it: the middle class American taxpayer!
You see, the Republicans don’t believe in socialism for you and me: they want to do away with social security and medicare. But Republicans love corporate socialism (i.e., corporate welfare). British Petroleum gave the GOP in the last election $73 million dollars. Why? Because now the Republicans are trying to waive the $20 billion fine for the oil spill costs last year, and reduce it down to only $2.5 million!!! Are you catching on? It’s all about who’s paying these politicians. If you pay, you get big dividends in return.
And every year the oil companies get $4 billion in subsidies from our government. But these oil companies are the richest companies in the world, making billions of dollars every year, and they do not pay taxes! In fact, they get tax refunds and credits! Neat, huh?
So the GOP doesn’t stand for the Grand Old Party; rather, it stands for the Gas Oil Party.
Wake up and demand change…now.