Honestly, this is unbelievable. Via Michele Malkin:
Administration officials were greeted with sarcasm and laughter Monday night when they briefed lawmakers and congressional staff on Treasury Secretary Tim Geithner's new financial-sector bailout project, according to people who were in the room.
The laughter was at its height when Obama officials explained that the White House planned to guarantee a wide swath of toxic assets -- which they referred to as "legacy assets" -- but wouldn't be asking Congress for money. Rep. Brad Sherman (D-CA), a bailout opponent in the fall, asked the officials to give Congress the total dollar figure for which they were on the hook. The officials said that they couldn't provide a number, a response met by chuckling that was bipartisan, but tilted toward the GOP side. By guaranteeing the assets, Geithner hopes he can persuade the private sector to purchase a portion of them.
Wow. I venture to say that once Congress starts laughing at you, your presidency is in big trouble.
2 comments:
Perhaps they were really laughing at his shoes...
http://www.flickr.com/photos/barackobamadotcom/2260801323/
I saw a kid wearing these the other day...
It's funny actually...when Obamas president, he goes on the shoes. When Bush is president, the shoes go on Bush.
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