SYNDICATED COLUMN: 7-7-7
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Jobless? Face It: Obama’s Not That Into You Forget Herman Cain’s 9-9-9. The battle cry for every American ought to be 7-7-7. 7-7-7: for the $7.7 trillion the Bush and Obama Administrations secretly funneled to the banksters. Remember the $700 billion bailout that prompted rage from right to left? Which inspired millions to join the Tea Party and the Occupy movements? Turns out that that was a mere drop in the bucket, less than a tenth of what the Federal Reserve Bank doled out to the big banks. Bloomberg Markets Magazine reports a shocking story that emerged from tens of thousands of documents released under the Freedom of Information Act: by March 2009, the Fed shelled out $7.77 trillion “to rescuing the financial system, more than half the value of everything produced in the U.S. that year.” The U.S. national debt is currently a record $14 trillion. We knew that the Fed and the White House were pawns of Wall…
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