Even Republicans See the Truth
"It is just outrageous that the American people don't know that Congress doesn't know how much money he (Treasury Secretary Henry Paulson) has given away to anyone,'' the Oklahoma Republican U.S. Sen. Jim Inhofe told the Tulsa World. Here is a Republican Senator that doesn't even understand what has happened, duped by a President and Treasury Secretary from his own party. The Administration went to Congress with a one page bill that authorized the Secretary of Treasury to hand out $700 Billion at his discretion without spelling out what the money would be used for. The Congress haggled for a couple of days, then had a closed door meeting with the Federal Reserve Chairman and the Treasury Secretary and told the American Public that the money was indeed needed to shore up the credit markets otherwise the United States Financial System would collapse. The Congress acquiesced after the private meeting and passed a $700 Billion Bailout package to be issued in increm...