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After Backing Massive Wall Street Bailout, McConnell Plans To Block Obama’s Economic Stimulus Plan

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deminks Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-30-08 12:31 PM
Original message
After Backing Massive Wall Street Bailout, McConnell Plans To Block Obama’s Economic Stimulus Plan
http://thinkprogress.org/2008/12/30/mcconnell-stimulus-block/

President-elect Obama has made it clear that one of his first priorities when he takes office will be an economic stimulus package that could reach around $800 billion. Top economists have said that such investment — in areas such as infrastructure, health care, energy, and education — is essential for boosting the economy. As Nobel-winning economist Paul Krugman has stated, the “risks of being too small are much bigger than the risks of being too big.”

Despite the urgency after eight years of the Bush administration doing nothing, Senate Minority Leader Mitch McConnell (R-KY) is now saying that he and his fellow conservatives are in no rush to provide this important economic relief and plan to put the brakes to attempts to quickly pass a package. From a statement he issued yesterday:

(snip)

McConnell, however, had no problem quickly passing President Bush’s Wall Street bailout, even though that package had almost no oversight safeguards. In fact, as McClatchy reported, McConnell “led the battle” to pass the bill.

McConell also opposed Congress’s rescue package for auto workers, arguing that he couldn’t “ask the American taxpayer to subsidize failure” and using it as a political opportunity to bash unions.

(end snip)

And your telling me that the Rethuglican party is still a viable political party? Why?

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groovedaddy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-30-08 12:35 PM
Response to Original message
1. Another reason I'm pissed at DSCC & Chuck - McConnell could have been beaten
but for their push of Bruce Lunsford to be the (flawed)candidate to run against him. McConnell only held on to his seat by a 6% margin. A candidate without the baggage Lunsford has could have beat McConnell's sorry ass.
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Democrats_win Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-30-08 12:35 PM
Response to Original message
2. Hopefully, the Dems will force them to have a REAL filibuster.
It should play well as jobless Americans scratch their heads over Rush Limbaugh playing games and racists songs.
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sakabatou Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-30-08 12:40 PM
Response to Original message
3. ...
McConell also opposed Congress’s rescue package for auto workers, arguing that he couldn’t “ask the American taxpayer to subsidize failure” and using it as a political opportunity to bash unions.

My irony meter!
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ClassWarrior Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-30-08 12:42 PM
Response to Reply #3
5. Yes, but Rape-Publicans have no problem asking us to subsidize greed and corruption.
Edited on Tue Dec-30-08 12:43 PM by ClassWarrior
:puke:

NGU.

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Lasher Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-30-08 12:41 PM
Response to Original message
4. Obstruction, every step of the way.
That's what we've seen from the Senate GOP minority and they'll kick it into high gear now that they have a Democratic President to sabotage.

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Eric Cartman Donating Member (36 posts) Send PM | Profile | Ignore Tue Dec-30-08 12:46 PM
Response to Original message
6. We only need one of them to break it...
Hello Olympia Snow... How YOU doin'?
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Downtown Hound Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-30-08 01:05 PM
Response to Original message
7. Is there no limit to the depths of depravity the Republicans
will sink to? God they are pure shit.
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Maccagirl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-30-08 01:16 PM
Response to Original message
8. McConnell is a complete POS and his Mrs. sure has done
a great job as Labor Secretary. Why are we suffering and those two are living off our tax dollars???
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