"We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself."(hat tip to Taegan Goddard's Political Wire)
Priceless, eh? Now Bush and Paulsen want to spend huge buttloads of money to bail out wall street.
Wait, it gets better.
They want Paulsen to have complete authority over the $700,000,000,000.00 and wants to be protected against any legal action in doing so.
Wait, it gets better.
The want to bail out banks that are doing just fine in addition to those that are failing.
And, of course, there's the scare tactics of the Bush Administration: "There's no time to talk about it. We have to pass this now before our 'fundamentaly strong' economy disintegrates."
Rep. DeFazio has a few words to say about all this. I say DEMs, you MUST push back against this fiasco.
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