Friday, March 31, 2006

 

More Corporate Welfare

From a Dept. of Homeland Security Office of Inspector General Report, we learn that the DHS is now using our tax dollars to subsidize poor beleaguered...oil companies:

For example, a Fortune 500 refinery received a port security grant in round five totaling almost $1 million for fencing and surveillance upgrades at a refinery located in a major port. This company recently reported 3rd quarter net income in excess of $1.2 billion. We remained concerned about the absence of more specific guidance on security measures proposed by private companies that are capable of paying for them, and what measures they should pay for. (p. 21)


This is par for the course for the Bush administration. Just keep cutting programs for the poor and elderly and bitching and whining about how the victims of the Hurricane Katrina are too reliant on welfare to help themselves (yes, this is a popular "blame the victim" argument among Repugs), but don't even blink when you give $1 million to a Fortune 500 oil company that is netting $1.2 billion. That's corporate welfare. Government of the rich, by the rich, and for the rich.

AMERICAblog: Because a great nation deserves the truth



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