On the Proposed $700 Billion Bailout
September 22, 2008
“I want to get answers to the serious questions about the bailout plan before I decide whether or not to support it. I want to know how the taxpayers’ interests will be protected, what the real cost of the plan could be, if the plan will be funded or just piled on top of our already mountainous debt, if it will include protections to prevent something like this in the future, and if the executives of the companies that are rescued by taxpayers will continue to receive multimillion dollar compensation packages. I recognize that Secretary Paulson and Chairman Bernanke have a tough job, but the administration is asking Congress to provide nearly one-third of the total federal budget to the Treasury Department for this rescue plan. These and other questions need to be answered before we decide whether or not to approve it.”
Statement of Senator Herb Kohl on the same issue:
....Still waiting, Herb.
....Still waiting, Senator.
Senator Kohl regrets he's unable to speak today.
We can wait 'til hell freezes. Herb, "Nobody's Senator but yours" Kohl is hiding in the weeds. That slogan of his implies that nobody with a bunch of money can control his thinking, his voting, what he supports and what he condemns.
The only problem with that bold statement of principle and independence is that Herb is totally controlled by a single individual with a whole bunch of money: Himself. And he's a scared little rabbit, hiding in the bushes, quivering, frozen by fear and waiting for hand signals from his accountant.
There used to be a sign on the wall of the place my dad took his clunkers for repair.
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