Posted by: endithinks | November 24, 2008

On the Citi Bank Bailout

So the Government is at it again.  We just bought ourselves 30Billion dollars worth of Citi Group.  I hope they erase all my overdraft fees now that I’m part owner and semi crutch for the banking giant.

Citi Group

Welcome to the United States of Nationalization!  I can’t figure out why we think that owning stakes in these companies is okay, but we can’t have universal health care.  You know why the companies move to other countries to manufacture things? It is not pay as most of our manufacturing loses have gone to Canada, another country with high wages; it is the cost of health care that is driving these companies away.

If we want to make our own companies profitable invest in the costs that are driving middle income businesses out of business, health care.

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