
| Search Fishin.com |
I am not talking about any of those.....I am talking about money/assistance/vouchers that go to individual citizens that NEVER work for a living....they become dependent on that and eat up tons of tax money. Bailouts are bailouts....some where needed....some could have been handled/overseen better. BTW I was 11 in 1989Or perhaps you are talking about the Savings and Loan Crisis of 1989? This is where taxpayers bailed out Savings and loans that were failing, costing taxpayers 124 billion dollars in 1989 money.
The bailout was signed by President George H. Bush.
Incidentally a full one half of the savings and loans that received govenment bailout funds were from the state of Texas.
To be fair this crisis did not begin with George Sr.'s administration but rather the prior administrations deregulation of the Savings and Loan industry. And it was not limited to Republicans but rather a bipartisan lack of common sense.
The Keating 5 were senetors suspected of improper interferance in investigations. 4 were Democrats ans 1 was Republican. Interesting in the one republican was John McCain.
George H. Bush-Progressive Republican=Big Government
George W. Bush-Progressive Republican= Big Government
BHO-Progressive= Huge Government
Anyone else see a pattern here?
And we wonder why our debt and deficit are so high. I sure hope we can break this pattern.
