Rachel Maddow: Calls Out McConnell/GOP in Wall Street Reform Talking Points Hypocrisy

[Hissyspit]

Run time: 06:21 https://www.youtube.com/watch?v=-gwseFSst7o   Posted on YouTube: April 15, 2010 By YouTube Member: firedoglake Views on YouTube: 0   Posted on DU: April 15, 2010 By DU Member: Hissyspit Views on DU: 1405

 
MSNBC The Rachel Maddow Show: GOP's Frank Luntzian construct crumbles... naturally, they double-down with Hell No obstructionist B.S. talking points. Rachel catches them at it.

MADDOW: "What it really does... is NOT that. If the Dodd bill becomes law, big banks have to pay into a bailout insurance fund, so banks have to pay for bailouts in the future, not taxpayers. The bill that passed the House includes an even bigger pool that banks have to pay into, but the whole idea is that, if banks need bailing out, banks themselves do the bailing out now, not use. That's the whole idea. In the Senate bill, the FDIC actually dismantles banks that fail. They sell off their various pieces, instead of just propping up the giant existing banks like we did last time. Now, you may not like this bill, there may be all sorts of reasons to object to it, but... endless taxpayer bailouts?"

McCONNELL (VIDEO): "...endless taxpaper bailout..."

MADDOW: "Yeah, eh, yeah, that's not true. That's not there. It's not surprising that Republicans are opposed to Wall Street reform. No Republicans voted for it at all when it passed the House. The Republican Party has pursued this unified strategy of saying no to everything in Congress while they're in the minority. It is not surprising they're against Wall Street reform. It is interestin,g though, that they're explaining why they're against Wall Street reform by railing against something that's not at all recognizable in the bill in any way. Where do they get this stuff?

Actually, we know where they're getting this stuff.

You might remember back in February we reported on a memo obtained by Sam Stein at the Huffington Post. It was a seventeen-page memo of suggested talking points for Republicans written by Republican pollster Frank Luntz. The memo advised Republicans how to, not only kill Wall Street reform, but to gain the biggest possible political advantage from killing it. For example, in a section that's titled 'WORDS TO USE,' Mr. Luntz recommends that Republicans include 'Never Again, Never Again' in their anti-Wall Street reform speechifying."

McCONNELL (VIDEO): "Never again, never again should taxpayers be expected to bail out Wall Street from its own mistakes."

MADDOW: "Well done. Check. Mitch McConnell. Yeah. Back to the talking points here.

'Frankly, the single best way to kill any legislation is to link it to the Big Bank Bailout.' Over to you..."

McCONNELL (VIDEO): "- We cannot allow endless taxpayer-funded bailouts for big Wall Street banks.

- We're guaranteed perpetual taxpayer bailout of Wall Street banks.

- It will lead to endless taxpayer bailouts to Wall Street banks."

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