Aagh. I really wish I could see video on my computer. (sigh) Can you give me a summary of what’s on there?
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This was a hearing on November 14, 2008 to investigate the Treasury Department’s Use of Government Assistance Funds in which the classic quote from Dennis Kucinich was uttered:
‘Nobody doubts, Mr. Kashkari, that you are working hard. “Our question is who are you working for.’
This was the looting of $700 billion dollars of the American people’s money which was voted on by Congress for the sole purpose of removing toxic assets from the market in order to free up credit markets, instead they started bailing out banks (bait and switch) and other industries (car makers). And of course they determined the winners and losers (can you say crony capitalism?).
My son asked me where all that money went. I told him last I knew we really didn’t know where all of it had gone but it seemed like a lot of it was just used to pay off political friends.
He also asked me what is the most expensive thing that the federal government spends money on. I told him I thought probably entitlements, and that with the debt we’ve got now, just interest on the debt may be the biggest thing. May be more than we can ever pay off even.
I hope I wasn’t too far off. Then again, maybe it would be better if I was too far off. I’m not a real money kind of person, which I did tell him so hopefully he knows to take what I said with a grain of salt. Maybe I should look up the real answers for him.