The House held hearings this morning on the bailout debacle. Quite a spectacle. Every member wants his/her 15 minutes of grandstanding fame. It’s all well and good to express outrage at the Treasury Department and grill Paulson protege Neel Kashkari now.
But if the Chicken Littles had kept their heads on before they handed over unfettered powers to clueless Hank Paulson, if they had asked the tough questions before rushing into the bailout abyss, if they had called the emperor naked before joining the TARP parade, they wouldn’t be clucking so indignantly today.
Believe it or not, I am going to say something nice about Democrat Rep. Dennis Kucinich. He voted against the bailout every time. In a ready-for-YouTube exchange, he snorted when Kashkari said, (paraphrasing here) “taxpayer money shouldn’t be poured into businesses that are going to fail.” Kucinich retorted that Kashkari would be hearing that line played back to him for the rest of his career.