Thursday, May 06, 2004

WHAT I'M READING TODAY


Hearings Before the Senate Banking Committee on The Mexican Peso Crisis and the Administration's Proposed Loan Guarantee Packagfe to Mexico.

Senator Bill Frist, March 9, 1995:



"I am deeply concerned that the American taxpayer is going to be stuck with billion-dollar losses from an ill-conceived plan based on false assumptions."

American taxpayer? Deeply concerned? Okay. But where the hell has Frist been for the past three years?!?

Let's recap some of the current administration's ill-conceived plans based on false assumptions: Tax cut. Enron energy policy. Deficit-bloating tax cut. Iraq War. Tax cut for corporations and +$300k earners. Phrma-HMO Medicare Bill. Tax cut. Navy-Boeing lease deal. No-bid reconstruction contracts. Agriculture subsidies.

Yep, he really said it: "I am deeply concerned that the American taxpayer is going to be stuck with billion-dollar losses from an ill-conceived plan based on false assumptions."

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