The Generosity of the Federal Reserve
.Matt Taibbi covers the still-astonishing handouts given out by the Federal Reserve as part of its “crisis management” measures over the last few years. Given the amounts of money involved, it is absolutely stunning that this stuff isn’t brought up whenever benefit cuts are discussed. Yes, I know that the whole point of the mainstream media is to prevent mass awareness of just how twisted the situation is, but even so, it’s amazing how effective it seems to be.
To slash public spending while simultaneously showering money on the wealthy—never mind acting pious and responsible while doing so—is nothing less than massive thievery from the poor to the rich; there’s really no other way to describe it.
Meanwhile, the Department of Justice is busy addressing the key problems facing America today, although some members of Congress and the Senate want a different focus.
The current mantra guiding US actions seems to be “the floggings shall continue until morale improves”.