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‘Socialism For The Rich’: Robert F. Kennedy Jr. Rips Democratic Party Over Bank Bailouts

Democratic presidential candidate Robert F. Kennedy Jr. said Wednesday that Democrats are pushing for “socialism for the rich” by backing bank bailouts.

“The general theme of my speeches is this corrupt amalgamation of state power and corporate power that has turned our country into a corporate kleptocracy, a socialist system for the rich and a flexible system for the rich. Socialism, and we’re turning it into this kind of socialism: brutal, ruthless capitalism for the poor,” said Kennedy, Fox News host, The Daily Caller and co-founder of the Daily Caller News Foundation. told Tucker Carlson. “It keeps us at war and bails out the banks at the same time.” (Related: ‘Serious Danger’: Elon Musk Predicts Banking Crisis After Real Estate ‘Anvil’ Drops)

Treasury Secretary Janet Yellen said in congressional testimony in March that more bank bailouts could be made to prevent “risk of contagion.”

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Kennedy points to a relief package for depositors at Silicon Valley Bank, which was closed on March 10 by federally-regulated banks after stocks crashed and customers started bank runs. shut down Signing Bank March 12th.

“Last month, the U.S. government told 30 million people they would cut welfare checks and food stamp checks by 90 percent,” Kennedy said. “15 million people lost access to Medicare. That same month, he donated $300 million to Silicon Valley Bank, raising the cost of the Ukrainian war to $113 billion.”

The Biden administration announced in January that it would send 31 M1 Abrams main battle tanks, following an announcement in December that batteries of MIM-104 Patriot surface-to-air missiles would be provided to the country.

“We have printed 10 centuries of money in the last 14 years. [prices], this is a tax on the poor. As you know we raised the prices of basic foods like chicken, dairy and milk by 76% in the last two years and now in the same month we cut food stamps for people and bailed out banks. Do you?” asked Kennedy. “That’s weird. It doesn’t make sense.”

Kennedy filed papers declaring his candidacy for president on April 5, and officially announced his candidacy on Wednesday, according to CBS News.

“My mission for the next 18 months of this campaign, and during my presidency, will be to prevent the corrupt amalgamation of state and corporate power that is now trying to impose a new kind of corporate feudalism on our country,” President Kennedy said in a statement. is to end the

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