Why is welfare to the rich okay, but welfare to the ones who need it is not?

[Sarah Ibarruri]

I think it's greed.



The Export-Import Bank: Corporate Welfare At Its Worst

by Rep. Bernie Sanders (I-VT)

This country has a $6 trillion national debt, a growing deficit and is borrowing money from the Social Security Trust Fund in order to fund government services. We can no longer afford to provide over $125 billion every year in corporate welfare - tax breaks, subsidies and other wasteful spending - that goes to some of the largest, most profitable corporations in America.



One of the most egregious forms of corporate welfare can be found at a little known federal agency called the Export-Import Bank, an institution that has a budget of about $1 billion a year and the capability of putting at risk some $15.5 billion in loan guarantees annually. At a time when the government is under-funding veterans' needs, education, health care, housing and many other vital services, over 80% of the subsidies distributed by the Export-Import Bank goes to Fortune 500 corporations. Among the companies that receive taxpayer support from the Ex-Im are Enron, Boeing, Halliburton, Mobil Oil, IBM, General Electric, AT&T, Motorola, Lucent Technologies, FedEx, General Motors, Raytheon, and United Technologies.



You name the large multinational corporation, many of which make substantial campaign contributions to both political parties, and they're on the Ex-Im welfare line. Needless to say, many of these same companies receiving taxpayer support pay exorbitant salaries and benefits to their CEOs. IBM, for example, gave their former CEO Lou Gerstner over $260 million in stock options while they were lining up for their Ex-Im handouts.

THE REST OF THE ARTICLE FOUND HERE: http://www.progress.org/corpw30.htm

[Peter1x9]

1. Best Government that Money Can Buy

A government of the rich, by the rich, and for the rich.

[Sarah Ibarruri]

2. Exactly! nt

[Riftaxe]

3. Because the rich donate to campaigns

while the poor do not.

[pansypoo53219]

4. no millionaire left behind.

LEAVE RICH PEOPLE ALONE! say the GOP. CLASS WARFARE. never mind the war on the rest of america since the 70's. but you get a tax cut. YAY!

[SusanaMontana41]

10. A GOP candidate for Senate in Nebraska

actually called people on public assistance "raccoons" : http://winterized.org/2011/08/20/world-of-class-warfare-the-poors-free-ride-is-over-the-daily-show-with-jon-stewart-081811-video-clip-comedy-central/

Corporations on public assistance are "job creators."

:puke:

[Fearless]

5. Because the wealthy control the government.

[emilyg]

6. Bingo

[yurbud]

7. Does Enron still exist? is this an old article?

[Sarah Ibarruri]

8. This is an article indicating what one of the welfare systems to corporations is about. nt

[classysassy]

9. The lawmakers

that enable the wealthy criminals to get away with their crimes should be held accountable.As long as the public is duped by Fox news and Mr Limbaugh nothing will change,the FCC is a board of criminals that help the rich thugs to get away with crimes the average citizen would be sent off to jail for the same behavior but we sit on our buns and refuse to question the congressional critters,it's about time we wake from our slumber and hold the enablers and the crooks accountable.

[Blue_Tires]

11. kicked