Welfare Rats

I am so sick of these welfare rats. Always going to the government with their hands out. They make me sick. Just because they are a bunch of screw ups means that the taxpayers have to take care of them? Give me a break. I mean, just last week the government agreed to bail out Bear Stearns to the tune of $30 billion dollars. That's $30 billion tax payer dollars to bail out a company who knowingly made bad loans, intentionally made bad loans, and then when the obvious outcome of the bad loans was achieved, went running to the government for "assistance".

"Was this a justified rescue to prevent a systemic collapse of financial markets or a $30 billion taxpayer bailout for a Wall Street firm while people on Main Street struggle to pay their mortgages?" Senate Banking Committee Chairman Christopher Dodd asked at the beginning of the hearing.

Indeed. So all of you people struggling to get by, barely making ends meet, do us all a favor. Go get a second or third job so that your additional tax dollars can help support the criminally wealthy executives at Bear Stearns and their equally wealthy shareholders.

From Market Watch; Bear Stearns Cos. Chairman and former Chief Executive James E. Cayne realized $10.3 million from vesting stock awards in 2007.
Alan D. Schwartz, who has been president of the company and became CEO since January, realized $9.76 million from vesting stock awards in 2007, the company said in its annual report with the Securities and Exchange Commission.
Both of the executives' 2007 salary was $250,000.

Yep, these folks are truly needy and they most certainly deserve our hard earned taxpayer dollars. If the Duh (again, short for W., for those of you new to this blog) years have taught us nothing else, it is that the 1% are more important than the rest of us and when they screw up they still deserve to be rewarded. As for the rest of us, well, apparently we're on our own.