Saturday, December 13, 2008

Sen. Chris Dodd Gives America the Finger

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Connecticut Democrat Sen. Chris Dodd has more chutzpah than anyone else in the US government. That is one amazing statement I know, yet Dodd has managed to retain his position in spite of bearing the largest burden of anyone for the current financial mess we find ourselves in:

Sen. Christopher Dodd, chairman of the Senate Committee on Banking, Housing and Urban Affairs, suggested on CBS’ “Face the Nation” that Rick Wagoner, the chief executive of GM, “has to move on.”

Where does Dodd get the temerity to make such a proposition in light of his own incompetence and scandal? Dodd is in charge of the committee that could have kept us from entering the current credit crisis. He’s the same man who is in charge of regulating Fannie Mae and Freddie Mac, and is No. 1 on their list of donations.

When Congress approved $25 billion to bail out Fannie Mae and Freddie Mac, Dodd denied rumors these firms were in financial crisis. He called the firms “fundamentally strong,” said they were “in good shape” and to “suggest they are in major trouble is not accurate.”

Dodd also received preferential loans from Countrywide Mortgage Bank, and then said he wasn’t aware that he was getting a “special” deal. How is that possible?
Good question, I would suspect the answer is that Connecticut voters are among the most uninformed voters in the nation or the most stupid. I'm guessing the real answer lies somewhere in between. Note that when Dodd was given a forum in front of the American people as a whole, he registered zero interest among the electorate.

Now Dodd wants the federal government to bail out each and every failing business in the US and tell the executives of those firms how to run their businesses or worse, to "move on". The man has balls the size of Groton and a morality meter that never works. Yet he is among the elder statesmen of Congress and will continue to be re-elected every six years.

Release the documents, Senator Dodd. Allow the American people to see how much of a screw up you are and a liar to boot. We bought these bad debts and failing companies, not you. We are funding the largest nationalization of goods and services in history, not you. Release every applicable document that sheds light on the who, why, where and when of every company we now own as a nation including the mother lode and your the companies that donated money to you more than anyone else: Fannie Mae and Freddie Mac.

H/T: Glenn Reynolds.

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