On Tuesday, Mitch McConnell, the Senate minority leader, called for the abolition of municipal fire departments.Firefighters, he declared, “won’t solve the problems that led to recent fires. They will make them worse.” The existence of fire departments, he went on, “not only allows for taxpayer-funded bailouts of burning buildings; it institutionalizes them.” He concluded, “The way to solve this problem is to let the people who make the mistakes that lead to fires pay for them. We won’t solve this problem until the biggest buildings are allowed to burn.
McConnell does not understand the full scope of bank failures or how crucial it is to stop the spread of bank failures. He latches on the Frank Luntz' talking points and spews away.
Obama wants better regulations on banks, derivatives and financial instruments that led us into this mess. The Republicans oppose them. By trying to broadly paint all Government oversight as a bailout, McConnell and the Republicans are giving the banks everything they want.
"It’s a truly shameless performance: Mr. McConnell is pretending to stand up for taxpayers against Wall Street while in fact doing just the opposite."
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