In fact, the best chance for conservative principles to prevail was to follow the conservative principles embodied in the 2008 Republican platform. That document declared, "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."
Congressman Dennis Kucinich, (D) Ohio, Chairman, House Oversight Subcommitte on Domestic Policy; throws down with Interim assistant Treasury Secretary for Financial Security Neel Kashkari.
Is it just me, or does Kashkari remind you of Corporal Klinger of MASH? For some reason, I imagine him with a purple feather boa arond his neck when I'm watching the following......
Kucinich to Neel Kashkari...Who are you working for?
Kucinich fuming @ Bailout over Foreclosure Kashmari #1
Kucinich's anger @ Kashmari-Treasury-Tarp #2
DENNIS KUCINICH GRILLS NEEL KASHKARI ON BAILOUT SCAM
Even in America, federal spending (in inflation-adjusted 2007 dollars) has gone from $600 billion in 1965 to $3 trillion today. The Heritage Foundation put it in a convenient graph: It's pretty much a straight line across four decades, up, up, up. Doesn't make any difference who controls Congress, who's in the White House. The government just grows and grows, remorselessly. Every two years, the voters walk out of their town halls and school gyms and tell the exit pollsters that three-quarters of them are "moderates" or "conservatives" (i.e., the center and the right) and barely 20 percent are "liberals." And then, regardless of how the vote went, big government just resumes its inexorable growth.
However, the looting of the taxpayers, which was initially $700 billion for Wall Street and has now ballooned to an estimated $1.8 trillion and is not over yet, was not labeled as corruption by our media. Instead, it was called a "rescue" and was demanded by many anchors and reporters. We were told it would stabilize the markets and help ordinary people. It didn't.
Kevin Howley, Associate Professor of Communication at DePauw University, says this was deliberate propaganda on their part. He comments that "...the phrase ‘bailout'-with its connotation that the government is letting Wall Street off the hook for questionable business practices-has given way to a far more agreeable term? ‘rescue plan.' This phrasing appeals to the basic decency of the American people and suggests that we're all in this thing together."
