“People need to be convinced that we’re doing what we say we’re doing,” McConnell said. “This time they want proof. And frankly, I don’t blame them.”

Connie Hair at Human Events

Senate Republican Leader Mitch McConnell today spoke from the Senate floor challenging President Obama on the Democrats’ finance “reform” bill that seeks to set up a system of permanent bailouts for businesses the government deems “too big to fail.”

“If a future administration thinks there’s a crisis that requires using taxpayer funds, then they should have to get permission from the taxpayers first,” McConnell said.  “It isn’t enough for someone in the administration to say it’s so. They need to come to Congress before they write the check. If this bill isn’t like the first bailout, prove it.”

The bill as put forth by Democrats would place the power in the executive branch to decide if they think a company is in trouble and take whatever means they deem necessary to force said company into compliance with whatever rules it deems necessary.

“People need to be convinced that we’re doing what we say we’re doing,” McConnell said. “This time they want proof. And frankly, I don’t blame them.”

FULL STORY

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