by Brian Darling, 04/20/2010
Talk about taking another giant leap in the wrong direction.
Fresh off his successful (for now) effort to ram through an unpopular healthcare “reform” law, President Barack Obama is now fighting for legislation on Capitol Hill that would set up a permanent fund to bail out companies in the financial sector.
Of course, that’s not how his team is spinning things. On the White House Blog, Jen Psaki claims that “under the Senate bill, the taxpayers will never be asked to foot the bill for Wall Street’s irresponsibility.” But that’s simply not true.