Posted on 04/28/2010 3:43:59 AM PDT by Scanian
The Tea Party, with overwhelming agreement from the America people, opposes any further TARP bank bailouts. But just as with the health care bill, Washington's ruling Democrats are laughing off the Tea Party, and ignoring the American people.
President Obama's so-called Financial Regulatory Reform bill institutionalizes permanent TARP bailout authority across the entire financial sector, indeed, for any company that can be deemed involved in financial activity of any sort. Washington is operating today as if we have been conquered by a foreign power that has suspended our democracy and doesn't care what the American people think.
Bailout Socialism
The bill led by Senate Banking Chairman Chris Dodd (D-CT) (not running for reelection), which President Obama supports, grants permanent bailout authority to the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Treasury.
(Excerpt) Read more at spectator.org ...
Another gov’t slush fund to be used for ‘friends’ of the current administration while everyone else is allowed to fail.
Just read that Voinovich ( my pos senator and also not running for re-election) will be changing his vote today. I hate these people.
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