How's That Bailout Working So Far?

We are being played for fools.

The financial industry is getting billions of dollars, for what? So that they can fire people, that’s what. I thought the idea of the bailout was to help save people’s jobs.

From Bank of America to cut up to 35,000 jobs:

Bank of America Corp said on Thursday it plans to eliminate 30,000 to 35,000 jobs over three years after it completes its purchase of Merrill Lynch & Co).

The cuts could affect about 11 percent of the combined companies' roughly 308,000-person workforce. Bank of America employs about 247,000 people and Merrill about 61,000.

I wonder what will happen if the government bails out the auto industry.