Senate Republicans, however, aren't very interested in the measure.
Senate Minority Leader Mitch McConnell, R-Ky, said he opposes the bill. "We reviewed it closely to see if it meets the criteria that I've laid out repeatedly for taxpayer protections and an effective strategy for securing the long-term viability of these companies. In the end, I concluded that it does not," McConnell said in a floor speech.
Good for them! That's $14 Billion we all need to keep in our pockets right now.
Want to Know More?
PS. If it ends up passing because enough people get their pork projects written into the bill making it even more expensive.... AGAIN.... then I'll say I told you so, because I'm that kind of a skeptic.
Can you stand it! The US and other governments are feeding billions in our money to prop up companies in the financial market and other arenas who have failed to manage their risk. Now in addition to ridiculous fees we are charged, the government is stiff arming us to "donate to the cause". Where will it end? Nobody knows, but the journey will be chronicled here.
Thursday, December 11, 2008
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