Obama administration corporate bailouts
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The Obama administration corporate bailouts which occurred during the 2009 economic crises poured money into corrupt and inefficient corporate entities and decreased the efficiency and productivity of the American economy. The occurrence of the corporate bailouts by the Obama administration was not surprsing given that Wall Street firms were among Obama's biggest campaign supporters.[1]
Barack Obama's corporate bailouts was a form of corporate welfare. Leading trend forecaster Gerald Celente labels Obama administration corporate bailouts as being "fascism light" in nature (Benito Mussolini defined fascism as the wedding of state and corporate powers).[2][3]
External Links
- The Bank Bailouts--corporate welfarism July 09, 2009
