Posted on 01/19/2009 7:02:38 PM PST by Steelfish
For Democratic leaders, transparency means hypocrisy By Examiner Editorial - 1/18/09 Oh, the sheer irony of Barney Frank, Chris Dodd and Nancy Pelosi complaining that the Troubled Assets Relief Program (TARP) lacks transparency.
These three Democratic congressional leaders were among the most vocal in seconding President Bush¹s warning last fall that economic catastrophe was right around the corner if the administration¹s $700 billion TARP proposal wasn¹t adopted as soon as possible.
And Frank, Dodd and Pelosi were among those cheering loudest when Congress approved TARP over conservative objections that the bill handed Treasury Secretary Henry Paulson $700 billion to spend as he pleased, with barely a whiff of transparency or accountability in the bargain.
Let the record show that a Republican working group complained in September, to no avail, that the bill failed to "require participating firms to disclose to Treasury the value of their mortgage assets on their books." Sure enough, on Jan. 10 a congressionally mandated oversight panel harshly criticized Treasury, saying, "the panel still does not know what the banks are doing with taxpayer money."
The reality is that Treasury has provided virtually no details on what it did with the first $350 billion in TARP funds because that¹s how Congress wrote the bill. And there was hardly a peep from the congressional leaders when Paulson decided Nov. 12 to change the TARP spending plan to the exact opposite of what Congress had previously approved.
It is particularly galling to hear Dodd, the chairman of the Senate Banking Committee, complain that "President Bush failed to be transparent with Americans about how their hard-earned dollars were being spent." This is the same Dodd who promised last July last July - to make public all documents relating to a series of sweetheart loans he received from the Countrywide Financial, one of the biggest miscreants in the subprime mortgage debacle.
Yet, 216 days later, Dodd still has released no papers.
Barney Frank, Chris Dodd, and Nancy Pelosi are arsonists masquerading as firefighters.
Bits and pieces, but it is all fleshing out more and more.
Petty thieves.
BTTT
TARP/ARP=The DemoncRat CYA Acts of 2009/2009
For Democrats, all is hypocrisy.
With all the love, the adulation, the racial implications, SCOTUS will really being balancing the value of the Constitution, versus the massive, I mean massive, riots on the streets of America, if this poseur is exposed as:
ZER0!
(never a natural citizen, never even ran a lemonade stand; never even had a single person report to him as a CEO; never carried a military gun; the associate of socialists and illegal thugs; and now will surround himself with socialists; tax cheats; illegal pardon lawyers, and the most evil pantsuit!
God help this country. We pray that the SCOTUS has the gonads to finally expose this travisty!
What we have here is representation without taxation.
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