Posted on 03/26/2009 3:31:27 PM PDT by DrGop0821
Congressman Don Manzullo (R-IL) questions Treasury Secretary Timothy Geithner on the Administration's dramatic new plan to regulate financial services companies. Manzullo is concerned the plan goes too far and will give the government the power to seize private companies and set executive compensation limits, interfering with our free market system.
The "radical" comments are at the 3:30 mark.
From Wapo:
In testimony before the House Financial Services committee that just adjourned, Treasury Secretary Tim Geithner just had to defend his institutional takeover plan against charges of radicalism.
"Do you realize how radical your proposal is?" Rep. Donald Manzullo (R-Ill.) asked.
"It's not radical. . ." Geither began, before Manzullo interrupted him.
"You're talking about seizing private businesses and you don't consider that radical?" Manzullo replied, his voice rising.
Manzullo is trying to get Geithner to give details of the plan -- that's where Geithner got stung before -- but Geithner doesn't have them yet.
"If the plan were not radical," Manzullo said to Geithner, "you would have answers to some of my questions, such as, what size business would be subject to this?"
(Excerpt) Read more at conservativexpress.blogspot.com ...
This guy HAS to go. Unfortunately it will have to be Dems who put their feet down to get rid of the guy. The Republicans have little power.
OUTRAGE!
SLANDER!!
INFAMOUS RACISM!!!
(...on behalf of Ferengi everywhere...)
Of course he knows he’s a radical. That’s why obama stands by him, he is going to help that big-earred baffoon bring our country into the depths of socialism- which has been his agenda the entire time.
Manzullo’s my congressman. I’ve been behind him for years but last week when he voted in favor of the 90% tax on AIG employees I sent him two blistering emails. Now he’s showing his true colors. I just don’t know what to make of this. Maybe he’ll explain in his response to me.
I heard a Republican rep on CNBC talking about that vote. He said they voted for it because they want the voters to see who how radical the Dems are. The sooner they can help unmask them to the voting public, the more it will help the Republicans in 2010. Anything bad that passes will have Obama and the libs names on it.
Expect them to give the Dems all the rope they need to hang themselves between now and then. I just hope we don’t get rope burn in the process.
Ferengis are at least capitalists. Geithner’s just a stupid Socialist.
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