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>"bails out bankers while promoting austerity for everyone else" How does that work exactly? Do banks operate in a vacuum in the economy? It's my understandi
by onebaddude 13y ago
>"bails out bankers while promoting austerity for everyone else"
How does that work exactly? Do banks operate in a vacuum in the economy?
It's my understanding that social program spending (and hence the deficit) over the recession was at all time highs. "Main Street" got its share of the bail out, as it should have.
- tekmate 13y agolike i wrote. it's not about what's really happening in details, but overall perception
- smacktoward 13y agoSocial program spending goes up when unemployment goes up, because unemployed/underemployed people are the ones who need unemployment insurance, food stamps, etc. When you suddenly have a lot of unemployed/underemployed people, you'll have a spike in spending for those programs. But that doesn't mean any of those people are getting more than they used to.