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Tag: bailout (page 3)

Granholm-Cherry administration to unveil most hypocritical budget of their careers

By Nick, Section News
Posted on Thu Feb 12, 2009 at 07:37:53 AM EST
Tags: Hypocrisy, Granholm, Cherry, budget, bailout, tax hike, deficit (all tags)

Four months after billions of taxpayer dollars began pouring into many of the country's banks, Michigan has yet to see any major tangible benefits from the government bailout program.

That's the word this morning in the Ivory Tower.

Democrats on Capital Hill are in the process of raking bank presidents over the coals this week because the billions of taxpayer dollars they gave them seem to have up and disappeared. They plugged budgetary holes, they erased red ink and they kept banks afloat... all well and good and nice and pleasant but not exactly what was expected of them.

That initial bailout was supposed to stir job creation and open up the lending spigots. None of the banks seem to know if it has. Alas, it appears the money was used as a one-time fix.

Welcome to Thursday, February 12, 2009, the day the Granholm - Cherry administration is expected to reveal their budget for the coming year. To reveal their budget and to commit the exact same bailout-spending-sin that has Congressional Democrats foaming at the mouths this morning!

Read on...

(528 words in story) Full Story

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