Posted on 12/13/2008 11:45:22 PM PST by flattorney
WASHINGTON – U.S. Sen. Jim Inhofe said Friday a White House suggestion that part of the $700 billion Wall Street bailout now will go to automakers means Washington might be "completely out of control.'' "I've been a U.S. senator for some time, and I have never seen anything like this,'' the Oklahoma Republican said. Inhofe was responding to a statement by White House press secretary Dana Perino that the administration might use part of so-called TARP money to prevent a collapse of troubled automakers. "A precipitous collapse of this industry would have a severe impact on our economy, and it would be irresponsible to further weaken and destabilize our economy at this time,'' Perino said. Her comments came one day after negotiations in the Senate over the auto bailout fell apart and a House bill did not get the 60 votes needed in the Senate to overcome a Republican filibuster.
Inhofe opposed the House bill. "As the Bush administration changes course once again, it is becoming clear to me that Washington, D.C. might be completely out of control,'' he said. "How have we come to a point that Congress—the institution that represents the will of the American people—has handed over so much money and authority to the Treasury secretary that, if the democratic process fails to achieve a certain desired outcome, the outcome is simply ignored?'' Inhofe, who also voted against the financial bailout, recalled the stated purpose of $700 billion bailout was to rescue the country from a catastrophic breakdown of the financial system. "Now we’re told that the money might be used to bailout the auto companies because legislating their multi-billion dollar gift from the U.S. taxpayer might come with conditions that were too inconvenient for interested parties,'' he said. Democrats were encouraged by the White House's new stance.
"We have said all along that the Treasury already has the authority and resources to protect millions of Americans who work in our nation’s struggling auto industry,'' said Senate Majority Leader Harry Reid, D-Nev. "With the stroke of a pen, Secretary (Henry) Paulson can reverse what stubborn Republicans did last night – recklessly turning their backs on American families whose livelihoods depend on a healthy Detroit and risking further peril to our economy.''
FlAttorney’s FR “Straight Talk”: U.S. Senator James Mountain “Jim” Inhofe
MAR
Ohhh, NOW the government is “out of control”?
Welcome to the party pal!
I’ll second what he said! “Out of control” is putting it mildly though. What’s going on is normally referred to as lunacy!
Term limits....
just a few more days and Republicans won’t have to defend Bush’s stupid policies anymore
It all seems very reasonable to me. Congress ceded $7e11 to the Sectratary of the Treasury to dispense at his discretion. Then they were on the verge allocating several $1e10 more to the Detroit auto industry, but were blocked by various renagades and reactionaries. Soooo, if some fraction of the original $7e11 is diverted to the latter purpose, it seems to me everybody should be happy.
Follow the money Jim, follow the money.
I know, he’s one of the good guys, but we were a socialist country BEFORE the first bailout, and most Republicans were perfectly ok with that. Hell, Bush is going to give them the money anyway. Inhofe is now a minority within a minority.
Along with the rest of us. "Change" can be destructive and that is where we are currently headed.
The notion that Government has to intervene in every ‘disaster’ no matter how large or small with money that we don’t even have is complete insanity.
This type of ‘Change’ is usurping power from individuals and will only end up wrecking the free market and leaving an enormous burden for our children. Have we forgotten what got us into this mess? It was Government intervention in banking. Sure, greed played a role but without the guarantees of Fannie and Freddie and bending the rules and cheap money it never would have gone too far.
Hank Paulson has been given too much control and authority. I cannot believe what is happening. He took a gun to our heads and we gave him our money. There is absolutely no accountability either. One of the biggest swindles in our nation’s history.
Obama wants to continue this nonsense and even promises MORE.
This is ridiculous. I agree with an earlier poster, once Bush is out of office, Republicans can reclaim their ideas and their conservatism.
It’s been a long time coming.
Washington left the out of control stage and entered the flying off the cliff stage sometime back. Obooboo and his dummycrat dimwits might have the shortest deification of doofus poops in the history of glorified goons. The anointed Kenyan can take the oath of office while in free fall.
Not out of comtrol. Out of money. They are more bankrupt than the auto companies.
Seniority goes away, influence of special-interests is gone, "earmarks" become extinct, the "political" class ceases, ...
Neat. Clean. No "legal" issues. No fuss, no muss.
Might? This is the kind of change we'll come to believe. Where's my pie?
Everyone is sorry to see this happen to families who work for these plants. It is happening all over the country. I think Im becoming Independent. The Republicans who used to be the conscience of the party do not have a clue. Neither party listens to anything the public is saying. They are either arrogant or .....
Bush and Paulson are now leveraging money the US Treasury doesn’t have, just as Madow did with his $50 Billion Ponzi scheme. The eventual result will be the same...financial collapse. They’ll be out of office and hope that our memory is short as to who hastened the demise of the USA.
That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
Well.
There it is.
Apparently the "government" is "out there." Operating totally on their own, without any restraint, totally beyond the pale of any constitutional control or structure.
Rogue "government."
Sen. Jim DeMint is absolutely right. There could be riots. They could be nationwide and uncontrolled riots would only be the beginning. Think of what happens when the smarter ones get organized.
Then lay on top of that a ineligible, Marxist, Islamic alleged "President."
Damn.
.
The GOP may escape most of the blame in the end. The coming collapse will mean even fewer cars are sold next year, and the bailout will reach enormous proportions, or they won’t be able to get it through, and the thing will die.
Having voted for Bush twice, I can’t wait for him to be gone. I rarely agree with anything he does outside of the military.
[Washington “might be completely out of control.” “How have we come to a point that Congress. the institution that represents the will of the American people, has handed over so much money and authority to the Treasury secretary that, if the democratic process fails to achieve a certain desired outcome, the outcome is simply ignored?” said Sen. James M. Inhofe, Oklahoma Republican.]
When corrupt politicians are allowed to do as they will and the American people vote over and over and over again for the same corrupt people, how can America not be destroyed from within!
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