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Why do you have a problem with people receiving GOV assistants but not corporations?
Ms Sans Serif
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[quote:Bluebird:MV8yMDQzOTY3XzM0MzUwNDIyX0UxREI2NERE] [quote:Anonymous Coward 24950699:MV8yMDQzOTY3XzM0MzUwMzMzXzhBODg3MzhG] [quote:Bluebird:MV8yMDQzOTY3XzM0MzUwMjc3X0U4NEIxOEE1] The Federal Reserve does not operate using TAX DOLLARS. They are private banks. Welfare, Obamaphones, food stamps and so forth come from TAX Dollars. I do not like to pay tax dollars. I can't put it any more simple than that. But don't try to pretend the federal reserve is the same as the U.S. government. And I do NOT support corporate welfare either nor bank bailouts but if the Federal reserve is doing it, that's a totally different situation. Banks answer to their shareholders. [/quote] Are you saying no tax dollars go to the FED? :crazyjak: [/quote] No, I'm not saying that. But it is separate money. It's the same as any other bank: The Federal Reserve's income is derived primarily from the interest on U.S. government securities that it has acquired through [b]open market operations. Other sources of income are the interest on foreign currency investments held by the System; fees received for services provided to depository institutions, such as check clearing, funds transfers and automated clearinghouse operations; and interest on loans to depository institutions (the rate on which is the so-called discount rate). [/b]After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury. http://www.federalreserveeducation.org/faq/topics/fed_basics.cfm#4 [/quote]
A lot of you people here on GLP seem to think people on welfare(the vets, the disabled, the old, people who make under 20k) are the problem. But there is no outrage or anger for the companies who make billions yet find ways to stick their hands in the pot. When you come one here and make threads about people who receive "handouts" when most of them actually need all the help they can get but fail to mention companies who exploit gov assistants you look like a bunch of selective problem solving hypocrite. How can you sit behind your screen and bash these people yet turn the other way at the real problem. Its like the cop who would rather chase down someone peeing in an ally instead of the guy mugging down the street.
We need to do better.
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