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13 Companies That Received Bailout Money Didn’t Pay Their Taxes

March 19, 2009

  At least thirteen companies that did not pay their taxes received federal bailout money. These thirteen companies owe more than$220 million in back taxes. To put that in perspective, they owe roughly $60 million more in taxes than the executives at AIG got in bonuses. And yet they are eligible for taxpayer’s dollars?  Where is the outrage in congress over this little fact?

  With the man who is charge of the treasury department being a tax cheat himself, as well as the man who writes the tax laws, Charlie Rangel, they probably not only don’t see a problem with this but they probably condone it.

  We are now giving these companies our tax dollars to bail them out when they didn’t even pay their own taxes. They didn’t pay taxes and now they are receiving tax dollars to bail them out. I know I am repeating myself but I just can’t get over how ludicrous this whole idea is. No matter how I phrase it I just can’t wrap my arms around the incompetency of this administration.

  This should be a much bigger scandal than AIG paying bonuses to employees that they were contractually obligated to pay. These companies are stealing our money, pure and simple.

  In the rush to pass the bailout bill and to get the money out there nobody in this administration bothered to check into who was getting the money or how it was being spent.

 This president is incompetent, unqualified, and totally over his head and clueless. Timothy Geithner, who we were told was brilliant and was the only man who could do the job, is a moron and is also incompetent. This is astounding considering that we were told he was so fucking smart that we should overlook his own tax problems and give him the job overseeing the tax code.

  This is amateur hour.

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