McConnell and BushTrying To Scare Kentuckians Into Writing A Blank Check — No Questions Asked, Please!
Shawn Dixon September 22nd, 2008
During the course of his career Mitch McConnell has taken over $3.6 Million from the banking industry. Now McConnell owes his banker friends a favor and he is asking Kentuckians to pull out their checkbooks and pay them back on his behalf. As Mark Hebert noted earlier this week, an independent group has found that McConnell has accepted millions in campaign cash from Wall St. banks during his four terms as a U.S. senator. That’s why it’s no surprise that Mitch McConnell is calling on congress to quickly pass the $1 trillion bailout, with almost no oversight and no real incentive for Wall Street to tackle its problem of corruption, for his friends in the financial industry
Using the same type of scare tactics and fear mongering he used in the run up to the Iraq War, McConnell is once again asking taxpayers and voters to cede power to him and George W. Bush without asking questions.
McConnell, trying to scare Americans into accepting the administrations plan without asking questions and leaving the the executive totally unaccountable, compared the American economy to a burning house.
Sen. Mitch McConnell of Kentucky, the Republican leader, said that when you’re house is on fire, you don’t stop and ask the firemen for smoke detectors. “You want them to put out the fire,” McConnell said this afternoon.
Politico also documented McConnell’s “shoot now, ask questions later” strategy for the bailout.
“There will be more questions about this plan. I have many myself,” he said. “But we owe it to the American people to do our due diligence quickly and to act swiftly, Democrats and Republicans alike, to contain this crisis before it’s too late.”
Well then Senator McConnell, if there are questions to be asked, when will they be asked? After the passage of the $1 trillion bailout? I, for one, don’t think Kentuckians or the rest of America is ready to fall for that trick again. The last time the last time McConnell and Bush asked for power from Americans and asked us to trust them, they recklessly led us into a quagmire which will cost the country as much as $3 trillion.
Later in his interview with Politico, McConnell claimed that the bailout package as it is protects folks on Main Street. McConnell insults voters when he makes such outlandish claims. In its current form, the plan actually asks Main Street to clean up the mess made on Wall Street. The bailout package being proposed by the Bush administration asks taxpayers to buy up all the bad investments that Wall Street has made. Essentially the government is asking to write off Wall Street’s losses on the backs of the American taxpayer.
While I agree that something has to be done, writing a blank check to the administration is not the answer. As it currently stands, the bailout package for Wall Street is a complete gift to corporate America with no strings attached. As Paul Krugman pointed out in today’s New York Times, the plan passes the already failed risk to the taxpayer, while all the profit will remain on Wall Street.
The plan being proposed by Bush and supported by Mitch McConnell, as it is, is absolutely unacceptable. I said a few days ago this financial situation would be a real test of McConnell’s leadership. It’s now clear he will continue his pattern of failed leadership.
Mitch McConnell just doesn’t get it. He is once again asking Kentuckians to write a blank check to him and the Bush administration. We’ve seen this show, folks. And it won’t end well this time either — if we let him get away with it.
- George W. Bush , Iraq War , Mitch McConnell
- Comments(9)
some more leadership!!
Hey Mitch what about all those Pink Ipods LOL
McConnell backed a company that wanted $8.3 million
How VFH got the contract is a matter raising some skeptical eyebrows in the aid community. When the two founders needed to sell their idea to the federal government, they turned to a lobbying group run by Hunter Bates, the former chief of staff to Senator Mitch McConnell. McConnell, it turns out, chairs the senate subcommittee that controls the money allocated to USAID
The congress should NOT act quickly on this bailout if at all.
We need to see where the money went when these banks and insurance companies became insolvent – it did not simply disappear.
Congress and the Senate need to immediately pass legislation to block any termination bonuses received by the CEOs resigning from ANY company in the United States and nullify their contractual bonuses.
All former CEOs of Freddie Mac, Fannie May, and any other insurance or banking institutions that have become insolvent need to be automatically charged with criminal misconduct, investigated and all their assets seized.
The United States needs to suspend ALL activities with the World Bank and the United States Agency for International Development needs to be disbanded immediately.
Foreign Banks should not be eligible for any part of this bailout if it happens at all.
Mitch McConnell has proven over and over again that he is NOT loyal to the United States. George Bush is low classed white trash and should never be trusted or listened to. The same goes for Henry Paulson and Ben Bernanke. Contrary to what Republicans try to tell you there are NO laws on the books that force any banks to make loans to anybody. If banks were forced to make loans by law then no one would ever be turned down for a credit card, even though I don’t use one myself. We need to tell Mitch McConnell to take a permanent vacation to visit Satan as his is a liar. It will amaze me if the people of Kentucky are STUPID enough to re-elect Mitch McConnell.
A Nation of village idiots:
A majority of voters rate the economy as the single most important issue. A majority of voters think Obama has a better understanding the economy than John McCain. John McCain even admitted he did not understand the economy very well. That’s why we in Kentucky are all voting for good ole John McCain. We like our politicians to be just like us - a dumb shit we can have a drink with.
Arrianna Huffington asks:
“Over the past 30 years, Americans have been bombarded with sermons evangelizing for the free market religion of the Right. In the course of selling us on buying, the market-worshippers tried to convince us that all concerns about the most vulnerable members of society could be left up to the soulless, self-correcting calculus of supply and demand. Government involvement was an anachronism, regulatory oversight an impediment. The last few weeks have demolished that notion. In the battle over the proper role of government, the high priests of the church of the Free Market — including Bush, Paulson, and the Masters of Wall Street — have suffered a monumental defeat. So why are we allowing them to dictate the terms of their surrender?”
My answer:
Because America has become a nation of village idiots. Polls show that we blame republicans, by a 2 to 1 margin, for the economic meltdown. Yet we will still vote for the dullest knife in the drawer. We don’t care that our children have no healthcare, no education, no jobs, and no future. We don’t give a shit about Bush pissing away trillions over the past eight years, leaving our grandchildren in debt up to their ass, while cutting taxes for his millionaire pals.
We always vote against those uppity folks that understand shit! Give us a good ole dumb shit who listens to god!. Our grand children don’t need a future, hell the RAPTURE IS COMING, they will soon be in heaven with JESUS!
I just wanted to call your attention to this fine article by Norman Solomon. It points out what republicans, like Mitch McConnel. think about us liitle people.
” Human worth as maximized by dollars: too big to fail. Human worth as affirmed by humanistic values: too small to matter.
If a company like AIG is too big to fail, the government will rescue it. Mere people — too small to matter — are expendable.
The insurance industry is too big to fail. A person’s health is too small to matter, so — when it fails due to the absence or loopholes of insurance coverage — that’s tough luck.
Agribusiness is too big to fail. Family farmers are too dirt-small to matter.”
read more at http://smirkingchimp.com/thread/17367
Just found you as Mitch McConnel is down along with several other government websites.
Mitch Mconnel I will work overtime on my job eat beans for years to make sure
you are never elected to public office again if you go along with the bailout..
I will work overtime to help pay for class action against you.
If my company fails I will collect cans on the side of the road
All I have worked for over the years for my family and you are willing to give it to
wall street… I think not buddy. Now is the time to stand up for Kentucky Mr McConnel!!!
Call, email, write letters……..to your Rep/Senator.
Stop the bailout of the people who CAUSED THE PROBLEM!!
If you do not stop this lunacy, you will see a BIG increase in interest rates and inflation as the dollar collapses. DO NOT BUY into McConnell’s GARBAGE.
If you vote for Mitch McConnell, nothing -nothing will change in Kentucky.
The same old Bush Policies, even with Bush gone. John McCain has the same old ideas as Bush/Cheney. Do not vote for the same old thing, a man that is only interested in his rich friends. Kentucky, where is your spirit for progress. McConnell loves to deregulate the Government but loves to regulates the average public.
It would be interesting if there is no bail out for the for Banks and Insurance Companies that have caused this credit crisis, there is a massive sell off on Wall Street, Mitch McConnell is re-elected in November and John McCain is elected as President. All Mitch McConnell talks about is the developing economies of China and India. If these things were to happen the economies of China and India would come to a screeching halt along with the economy of the United States. I guarantee you that Mitch McConnell would say “to hell with the United States, we need to help China and India”. After all Mitch’s father – in – law does a very large shipping with mainland China – a country that downed a United States surveillance airplane in April of 2001 and suffered no repercussions. No wonder Mitch wants to screw the United States and hand a blank check with no oversight to Henry Paulson who is a former employee of Goldman Sachs, and Ben Bernanke. Un- American Mitch - bad for the United States and bad for Kentucky.
The previous posting has a typo the third sentence from the last should be -
After all Mitch’s father – in – law does a very large shipping business with mainland China – a country that downed a United States surveillance airplane in April of 2001 and suffered no repercussions.