And the dole goes on..............
Mr. Obama has put in place a US$ 1.75 trillion deficit budget to try and kick start the crumbling economy in the US. This includes US$ 787 billion to be handed over to failing banks as dole so that innocent depositors do not lose their shirts while rich bankers and Wall Street types milk the system with unwarranted bonuses in spite of huge losses. Well, well, well – what does this imply – is the US going towards nationalization of banks which accept Government aid. Looks like wanton capitalism is taking a back seat to a bit of socialism in the principal capitalist nation in the world. Reality bites I would call it. Another interesting part of this humungous deficit funding by the US is the dole to Pakistan – a miniscule US$ 5 billion towards a one time bailout for its economy and military. This is over and above the US$ 1.5 billion which the US gives Pakistan annually as dole. The interesting part is the handout is in spite of Government auditors confirming that Pakistan has fudged rec...