Screw them - they're poor
This seems to just ooze with hypocrisy.
'The White House has declined to bail out New Orleans' bankrupt utility company, prompting dismay among local officials who see the decision as an indication that the Bush administration is not committed to rebuilding the city after Hurricane Katrina...the utility will be forced to pass on to the public the $350-million bill for its recovery....residents could see their bills soar by 140% at a time when few can afford it....we believe that transferring federal tax dollars to the bondholders and shareholders of a private firm is inappropriate......prudent investors consider the risks inherent in any investment they make, including the risks of a natural disaster…. It would be wrong for the taxpayer to bail out those investors.' So says Georgie's man, Allan B. Hubbard, chairman of the White House Gulf Coast Recovery and Rebuilding Council and his chief economic advisor.
Well isn't that the cats' meow. A statement of pure capitalism. Let's see now, the government bailed out a utility company – Consolidated Edison, in New York after 9/11, the government bails out corporations who default on their pension obligations, the government subsidizes companies and wealthy individuals all the time.
This is the real gem though, “9/11 was not a foreseeable disaster....hurricanes have been striking the Southeast part of the United States since the land rose from the sea.” So essentially he's telling them to drop dead. Wonder - did the federal government tell that to brother Jeb when the huricanes devastated FL this year and last? I thought we were told by FEMA and Georgie that the hurricane surprised everyone, no one ever anticipated one like it.
Chimpie pledged last September to rebuild the Gulf Coast communities so that they would be "better and stronger” and “federal funds will cover the great majority of the costs of repairing public infrastructure in the disaster zone.”
Put the money where your mouth is.
Posted on the Human Stain
'The White House has declined to bail out New Orleans' bankrupt utility company, prompting dismay among local officials who see the decision as an indication that the Bush administration is not committed to rebuilding the city after Hurricane Katrina...the utility will be forced to pass on to the public the $350-million bill for its recovery....residents could see their bills soar by 140% at a time when few can afford it....we believe that transferring federal tax dollars to the bondholders and shareholders of a private firm is inappropriate......prudent investors consider the risks inherent in any investment they make, including the risks of a natural disaster…. It would be wrong for the taxpayer to bail out those investors.' So says Georgie's man, Allan B. Hubbard, chairman of the White House Gulf Coast Recovery and Rebuilding Council and his chief economic advisor.
Well isn't that the cats' meow. A statement of pure capitalism. Let's see now, the government bailed out a utility company – Consolidated Edison, in New York after 9/11, the government bails out corporations who default on their pension obligations, the government subsidizes companies and wealthy individuals all the time.
This is the real gem though, “9/11 was not a foreseeable disaster....hurricanes have been striking the Southeast part of the United States since the land rose from the sea.” So essentially he's telling them to drop dead. Wonder - did the federal government tell that to brother Jeb when the huricanes devastated FL this year and last? I thought we were told by FEMA and Georgie that the hurricane surprised everyone, no one ever anticipated one like it.
Chimpie pledged last September to rebuild the Gulf Coast communities so that they would be "better and stronger” and “federal funds will cover the great majority of the costs of repairing public infrastructure in the disaster zone.”
Put the money where your mouth is.
Posted on the Human Stain
posted by James Roberts at
12/14/2005 09:20:00 PM
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