Commentary By Ron Beasley
As I pointed out here Mitch McConnell came off looking like a fool when he used Frank Luntz talking points to attack the financial reform bill. As many of the Republican Senators have jumped Mitch's ship he has gone silent. No so for his even less intelligent equivalent in the House, John Boehner. Via TPM
President Obama's 'TARP Forever' Act
Under his proposal, the largest Wall Street firms would become
eligible for special treatment, including taxpayer-funded resources
unavailable to smaller financial firms. These include exclusive access
to a pre-existing bailout fund, a Treasury-backed line of credit and a
government guarantee for any debt.Such perks will benefit the likes of Goldman Sachs, President Obama's
top financial contributor during the 2008 campaign and a firm that just
happens to be under investigation by the SEC for defrauding investors.
Some special treatment - the largest banks will be broken up, the officers will be unemployed and the investors will get nothing. Boehner's argument has been shot down by MSM stooge Mark Halperin - twice.
I'll repeat what I said here:
As I have pointed out before the current Republican leadership in the
House and Senate were chosen for their willingness to walk in lockstep
with the Bush administration and blindly repeat Rovian talking points.
They were not chosen for intelligence or original thought.
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