GOP To Vote No on Financial Reform

No one could have predicted:

The Senate’s top Republican on Tuesday called on Republicans to oppose the Democratic Wall Street reform bill because it does not adequately safeguard against the government’s power to bail out massive banks in the future.

“If there is one thing Americans agree on when it comes to financial reform, it’s absolutely sure they agree on this,” Senate Minority Leader Mitch McConnell, R-Kentucky, said in a speech on the Senate floor. “Never again should tax payers be expected to bail out Wall Street from its own mistakes. We cannot allow endless tax payer-funded bailouts for big wall street banks.”

Watching the Democrats fumble this is going to be especially infuriating.

Welfare States

The Fourth Branch recently posted two interesting maps. This one shows, in red, the states that get more than $1.00 back for every dollar they send to the federal government.

This one should look familiar:

Perhaps Wolf Blitzer could project the first map on one of the Situation Room screens the next time some Southern Republican is bloviating about federal handouts.

(via Ezra Klein)


Here’s the latest from the party of fiscal responsibility:

She was a 25-year-old junior staffer when the Florida Republican Party gave her an American Express card.

Over the next 2 ½ years, nearly $1.3 million in charges wound up on Melanie Phister’s AmEx — $40,000 at a London hotel and nearly $20,000 in plane tickets for indicted former House Speaker Ray Sansom, his wife and kids, for starters. Statements show thousands spent on jewelry, sporting goods and, in one case, $15,000 for what’s listed as a month-long stay at a posh Miami Beach hotel, but which the party says was a forfeited deposit.

The bondage strip club incident is just a drop in the bucket compared to this. And, lest we forget, in 2008 a National Republican Congressional Committee staffer embezzled a million bucks from that organization.