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November 17, 2008

I'm Shocked!

Really. Stunned, even

WASHINGTON — U.S. Sen. Jim Inhofe said Saturday that Congress was not told the truth about the bailout of the nation's financial system and should take back what is left of the $700 billion "blank check'' it gave the Bush administration.

"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 told the Tulsa World.

"It could be to his friends. It could be to anybody else. We don't know. There is no way of knowing.''

..."I have learned a long time ago. When they come up and say this has to be done and has to be done immediately, there is no other way of doing it, you have to sit back and take a deep breath and nine times out of 10 they are not telling the truth,'' he said.

"And this is one of those nine times.''

Damn straight.

Posted by Mr. Bingley at November 17, 2008 06:37 AM

Comments

You mean...this (or any) Presidential administration has lied to the Congress?!?

My faith in government has been shattered.

Posted by: Tainted Bill at November 17, 2008 09:26 AM

Of course it's to his friends. This is a way to finance the republican party for the next several years. If they don't spend it all before Jan 20, then it will be used to help fund the democrat party too.

Posted by: Skyler at November 17, 2008 09:28 AM

Who's your buddy, who's your pal?

I wish I was somebody's buddy...somewhere.

Posted by: tree hugging sister at November 17, 2008 09:31 AM

Dog..bites..man..still

I'm sure that the lack of adequate disclosure authorization in the TARP legislation was a simple oversight...

Posted by: Yojimbo at November 17, 2008 10:48 AM

They pulled a TARP over our eyes...

Posted by: Mr. Bingley at November 17, 2008 11:52 AM

TRAP is more appropriate. But what's another lie, with all of the others?

Posted by: The_Real_JeffS at November 17, 2008 02:20 PM

"Of course it's to his friends. This is a way to finance the republican party for the next several years."

Paulson's friends aren't the mainstays of the GOP. They're the ubiquitous once-and-future employees, directors and principal shareholders of Goldman Sachs, who have essentially run the Treasury Department since 1995.

Posted by: Dave J at November 17, 2008 11:31 PM