It has been said “for where your treasure is, there your heart will be
also." So let’s take a few minutes and examine where Mitch McConnell’s
heart is. Remember Senator
Mitch McConnell saying this March. 6, 2005 on
Meet The Press?"That personal accounts are is an extraordinarily good investment. Let’s
take a 25-year-old, for example. Invests $1,000 in regular Social Security,
gets a 2 percent return over 40 years, he gets $61,000. That same young person
investing that same $1,000 in a personal retirement account, looking at the
average return on investment of the stock market, would get $100,000 more. Why
don’t we at least discuss that in the context of the overall effort to save
Social Security for our children and our grandchildren?"
Those of of that knew what was going on then and now, know now what Senator
Mitch McConnell wanted, he wanted to infuse Social Security money into the stock
market to drive the market up temporarily, so his rich pals could make a quick
killing and increase their wealth and then his rich pals would bail out of the
market, leaving regular folks holding the proverbial empty bag.
OK I could go on and on here, but it’s obvious where Senator Mitch
McConnell’s heart is when it comes to regular folks and he, Senator Mitch
McConnell, has no problem telling us, but when it comes to his rich pals
receiving gaudy amounts of money while running their companies in the ground he
, Senator Mitch McConnell, is silent.
Senator Mitch McConnell, with his silence, also approved the gaudy millions
paid to the CEO’s of Fannie Mae and Freddie Mac.
Fannie Mae CEO
Daniel Muddreaped a 7 percent rise in pay to $13.4 million in 2007
while the company lost $2.1 billion and its shared fell 33%.
How would you like to have a job like that?
Using a pay-disclosure measure that the SEC prefers, which treats the value of
stock and options differently, Freddie Mac chief
Richard Syron ‘spay for 2007 was
$18.3 million , up 24% from 2006. That ain’t bad either.
Where is Senator Mitch McConnell’s heart? Follow the money all
$800 billionof it!
See my comments in the video below: I suggest the lending institutions have acted like a bunch of 3rd world
hooligans with their lending practices and got themselves in a bind and now
George W. Bush is going to
bail them out with our tax dollars.
Could it be that taxpayers being foreclosed on could be bailing out these
hooligans with their tax dollars? I believe the answer is yes. For the life of
me I just can't understand why the we put up with this. Where is the outrage??? The
Fed has dumped so much money into this problem that we'll be lucky if the
dollar is worth anything when these folks get through propping up their pals.