GOP Senate Leader Mitch McConnell recently met with two dozen top Wall Street executive to talk about how to block Wall Street reform. Right after, McConnell announced his opposition to such reform. From President Obama's Saturday radio address:
Just the other day, in fact, the leader of the Senate Republicans and the chair of the Republican Senate campaign committee met with two dozen top Wall Street executives to talk about how to block progress on this issue.During a CNN interview on Sunday, McConnell was asked about the meeting, and was also forced to admit that the Democrats' financial reform package doesn't include any taxpayer bailouts for big business as McConnell is alleging.
"Lo and behold, when he returned to Washington, the Senate Republican Leader came out against the common-sense reforms we've proposed."
When reminded by CNN Chief Political Correspondent Candy Crowley that the money in the disputed fund would be provided by banks themselves rather than taxpayers, McConnell responded, “Regardless of where the – how the money is produced, it is a bailout fund that sort of guarantees in perpetuity that we’ll be intervening once again to bail out these big firms.”Sorry, it does matter. When I use my own money to help myself in times of trouble it's not a bail out. It's simply delving into my own piggy bank. McConnell is lying. It's unfortunate that when asked the other day if McConnell was lying, Senator Dodd refused to answer the question and went off on how some Republicans were being fair brokers.
This is how we got death panels. Dems need to learn how to call a lie a lie.
