We have often voiced our criticism against the unscrupulous policies of the US government, on how it has salvaged big banks and big corporations at the cost of the larger economy. Bail Outs are nothing but a way to privatise gains and socialise losses. Today's chart shows the real reason why the US government keeps bailing out Wall Street, while doing little for the real economy. As it turns out, the 2011-12 campaign donation figures show that the finance industry is the biggest donator. In other words, the finance industry has the power to hire and fire the elected US officials. So as to protect their positions, the officials make sure that they do not begrudge Wall Street.
By J Mulraj
Data source: Business Insider |
By J Mulraj
No comments:
Post a Comment