Taxpayer Subsidy Quotes
In the Meltdown of 2008, the federal government, in order to prevent a major depression, bailed out the banks and the wealthy bankers whose speculations and greed has caused the investments of other people’s money. There was almost no Federal help for the average middle and lower class American who had not caused the meltdown but had been damaged by it. When the bankers took the bailout money and paid themselves and others huge bonuses, even though the companies had lost billions of dollars under their stewardship. Many people were outraged and raised all kinds of public protests that they were being paid bonuses with taxpayer money. The bankers and conservative politicians accused the protesters of being un-American because they were complaining about other Americans success. The President explained the situation.