Along with propping up companies that are supposedly free-market - TopicsExpress



          

Along with propping up companies that are supposedly free-market icons, the subsidies are also flowing to financial firms that have become synonymous with never-ending bailouts. Indeed, companies like Goldman Sachs, Bank of America and Citigroup—each of which were given massive taxpayer subsidies during the financial crisis—are the recipients of tens of millions of dollars in additional subsidies. All of these handouts, of course, would be derided if they were going to poor people. But because they are going to extremely wealthy politically connected conglomerates, they are typically promoted with cheery euphemisms like “incentives” or “economic development.” Those euphemisms persist even though many subsidies do not end up actually creating jobs.
Posted on: Tue, 01 Apr 2014 16:56:46 +0000

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