Elaine Supkis

A GM Collapse Would Signal Hope for Robin Hood

This stupid story that the GOP was against the bank bail out is PURE BULL.

I was there at the hearings in DC!!! The entire GOP half of the committees hearing Paulson and Bernanke all wanted one thing: more tax cuts. Or they would not support the bill!

Note that when the bill was laden with tax cuts and goodies, they cheerfully voted for it! This was right on the heels of the US suddenly running our government deficits at half a trillion IN ONE MONTH.

Mr. Mulligan is selling a stew here. He is passing along a major propaganda point put up by right wing commentators. I am still furious with the reporters in the room that day.

I took notes. Most of them ignored the pre-hearing testimony where the GOP side lined up to demand tax cuts. The entire GOP contingent LEFT THE ROOM when Paulson showed up. This was because they were busy plotting their move to kill the Democratic legislation by voting against it. This so irritated the Democrats, the Chairman of the committee demanded of Paulson, 'And Bush will not veto the bill when we pass it?'

He asked that three times. This is because he expected the GOP to trash the bill so they could blame the Democrats for the bail out. Then force the Democrats to pass a GOP bail bill with the tax cuts. Got that?

I hope everyone understands the underhanded games that go on in DC.

This is Elaine Supkis of EMSnews.wordpress.com