Apparently some members of congress are shocked....SHOCKED!....that Hank Paulson might be using the funds from the $700 billion Friends of Henry Paulson Bailout Bill to benefit...wait for it...wait for it...the friends of Hank Paulson!
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.Puh-lease! You can't be serious. I did a Google search on the exact phrase "friends of Henry Paulson" and got 26 hits! Bloggers (mostly) and a scattering of columnists were calling the bailout boondoggle the Friends of Henry Paulson Act before it was even signed into law!
"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.''
Of course Hank Paulson is giving the money to his friends! That was the whole point of the bill -- to pass as much wealth as possible from the federal coffers to a targeted elite so that they would be shielded when the excrement impacts the oscillator.
For any member of Congress to feign surprise at the inevitable result of this excreable abortion of fiduciary accountability is beyond disingenuous. It's laughable.
Senator Inhofe, go sell your phony outrage somewhere else. The American people ain't buying.
