Commentary By Ron Beasley
We've been down this road before. The country has a big problem - the White House and the Democrats come up with a half ass fix - and the Republicans oppose it because they can. The Wall Street reform package in the Senate doesn't go nearly far enough but Mitch McConnell wants a do over because he opposes things that aren't even in the bill and has problems with things that are but he's not sure what those things are.
Senate Republican Leader Mitch McConnell (Ky.) on Sunday said it was
more than just the so-called "bailout fund" that's keeping him from
supporting Democrats' financial regulatory reform bill.The fund
to which McConnell refers is a liquidation pool, paid into by banks,
that would be used to ensure a collapsing financial firm would not
damage the entire financial system.But when asked if he
would support the bill if Democrats removed that fund, McConnell told
CNN's "State of the Union" he would still have other issues with the
legislation, though he did not say what those qualms were."What we ought to do is get back to the table and have a bipartisan
bill," McConnell said. "I don't know anybody in the Senate who thinks we
ought not to pass a bill, the question is what it looks like."
Of course we know what McConnell's bipartisan bill would look like - instead of not doing enough, like the Senate bill, it would do nothing to prevent Wall Street greed form causing yet another melt down. Those are the marching orders he got from his Wall Street donors. Now the dim witted Mitch is so transparent that even the Tea Party crowd should be able to see through it.
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