Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

“Slush fund” … “Banana Republic” … “Keystone Kops.”

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

George Washington’s Blog
Wednesday, Nov 19, 2008

Senator Inhofe, the Former Vice President of the Dallas Fed, and Congressmen Kucinich, Issa and Cummings aren’t the only mainstream people slamming the bailout.

The first line of an article about the bailout by CNBC today is “Slush fund” … “Banana Republic” … “Keystone Kops.”, and the article includes the following quotes:

“It’s hard to escape the feeling that the majority in the Congress are paying off a strong constituency that helped them enormously in the last election,” says former ten-term Republican congressman Bill Frenzel, now with the Brookings Institution. “You are seeing the Congress in a role people hate to see it in—responding to powerful constituencies rather than going after solving the problem.”

***

“This is just the beginning of corporate welfare in a big, big way,” Richard Shelby (R.-Ala.), the ranking Republican on the Senate Banking Committee, told NBC’s “Meet The Press” Sunday.

***

” The key issue there will be whether his overwhelming sense of generosity to Wall Street will force him to inject capital on terms that are much worse for the tax payer than the terms private investor insist upon,” says Rep. Brad Sherman (D. Calif.), who voted against the TARP legislation. “And by having those two groups come in at the same time, the differential in how those two groups of investors are treated will be all too apparent. ”

***

Dan Mitchell, a scholar at the Cato Institute, says the US is acting like a “banana republic.”

The only thing that’s missing is someone using the words “looting the treasury”, but I guess that’s so obvious that it doesn’t have to be said.

This article was posted: Wednesday, November 19, 2008 at 4:55 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
The Truth About U.S. Air Strikes on Syria With Syrian Girl See the rest on the Alex Jones YouTube channel.

Mysterious Georgia Guidestones Get Strange '2014' Update See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.