Capitalism Is Actually Socialism For The Rich
America isn’t as capitalist as it thinks it is. Watch the full episode of Aggressive Progressives here: https://tytnetwork.com/2017/11/30/aggressive-progressives-nov-30-2017/
“President Obama devoted part of his speech to Congress tonight to combating recent criticism after the rollout of changes to the financial bailout.
He began by restating the justification for the plan itself, saying “there will be no real recovery unless we clean up the credit crisis that has severely weakened our financial system.”
“I want to speak plainly and candidly about this issue tonight, because every American should know that it directly affects you and your family’s well-being,” Mr. Obama said. “You should also know that the money you’ve deposited in banks across the country is safe; your insurance is secure; and you can rely on the continued operation of our financial system. That is not the source of concern.”
But Mr. Obama also addressed critics of the plan to repeat his calls for accountability in the program.
“I intend to hold these banks fully accountable for the assistance they receive, and this time, they will have to clearly demonstrate how taxpayer dollars result in more lending for the American taxpayer. This time, CEOs won’t be able to use taxpayer money to pad their paychecks or buy fancy drapes or disappear on a private jet. Those days are over,” he said.
“So I know how unpopular it is to be seen as helping banks right now, especially when everyone is suffering in part from their bad decisions. I promise you – I get it.””*
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