In light of the Russian gas crisis, French government-owned electricity giant EDF is now marketing its expertise, as demonstrated by high-profile moves into Britain and the United States over the past few months.
Meanwhile, back at home, our federal government gives more money to the unscrupulous bad actors that line their own pockets with bonus money.
Senate Democratic leaders said a vote could come as early as this week on providing a second $350 billion for the financial industry. The incoming Obama team has undertaken an effort to obtain the money from reluctant lawmakers, to have it waiting for Obama when he's sworn in Jan. 20. Sunday, President-elect Barack Obama and Obama's economic adviser, Larry Summers, made assurances that the for roughly $800 billion in spending and tax breaks to spur the economy for the Troubled Asset Relief Program, or TARP, would be better monitored and spent.
But banks and other financial institutions have received billions from the government with few rules, and most won't say where the money has gone. Yeah, we knew that would happen.
Instead of our government helps the private sector to rape the public. The government should remember its history of public works programs from the last depression, and should be building infrastructure like the French have.
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