Friday, May 15, 2009

Where Have All the $$ Gone?

Back in the 1960s, Peter, Paul & Mary asked: Where have all the flowers gone? I'm beginning to think it's time to pen a new version -- Where Have All the Dollars Gone? Trillions upon trillions of taxpayer dollars are flowing out of the national treasury, but where exactly are the dollars going?

On the news tonight, NBC reported that the areas of the country with the highest unemployment are seeing the fewest dollars from the stimulus package; you know, the moolah that's supposed to help put the unemployed back to work! So, if it's not going to these areas, where is it going?

Here's another thing I'm wondering about. We're giving Chrysler, GM and Ford hundreds of mullions of dollars to keep afloat and the first two have just announced that they will shutter a combined 2,000 dealerships. That means tens of thousands -- if not more -- people out of work. So, what are the big 3 doing with the money?

And then, of course, we have the banks and Wall Street. We're supposedly giving them money hand over fist to ease the credit crunch. But no one is lending. So, what are they doing with this great largess?

Is anyone paying attention to this money drain?

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