Democrats Speak Against Corporate Welfare, Vote to Continue TARP Bailouts
Gee, in the week that Democrats suddenly decided that they needed to rebrand themselves as populist crusaders, you’d think that a massive vote in favor of more corporate bailouts would attract some attention:
The Senate Thursday killed a Republican attempt to shut down the Wall Street bailout program.
The defeated proposal would have barred the Treasury Department from releasing any funds remaining from the $700 billion bailout passed last fall. It would not have affected repayment rules for banks and other recipients of bailout money.
GOP Sen. John Thune of South Dakota, who sponsored the amendment, said repealing Treasury’s bailout authority would block Democrats from using the money to finance spending legislation such as a promised “jobs” bill. Thune said about $320 billion is still available.
Here is the list of Democrats who voted to continue to allow Barack Obama to use the TARP program as a slush fund for grants to big corporations and banks:
Don’t these Senators read their own party’s talking points? However much money Barack Obama may have showered on big business last year, favors for Wall Street are out now. President Obama won’t need an additional $320 billion to pass out to his friends, because those days are over. Obama has gotten religion – in the form of a 2×4 to the head, courtesy of the voters of Massachusetts. Obama and his friends in Congress say the days of the corporate handout are over.
Except for this last $320 billion, apparently.