The DC Examiner had an editorial the other day regarding the hypocrisy of Congressional Democrats in their recent demands for TARP-accountability:
Oh, the sheer irony of Barney Frank, Chris Dodd and Nancy Pelosi complaining that the Troubled Assets Relief Program (TARP) lacks transparency. These three Democratic congressional leaders were among the most vocal in seconding President Bush’s warning last fall that economic catastrophe was right around the corner if the administration’s $700 billion TARP proposal wasn’t adopted as soon as possible. And Frank, Dodd and Pelosi were among those cheering loudest when Congress approved TARP over conservative objections that the bill handed Treasury Secretary Henry Paulson $700 billion to spend as he pleased, with barely a whiff of transparency or accountability in the bargain.
They go on to point out the added hypocrisy of this kind of talk coming from the likes of Chris Dodd, who won’t even support legislation to require the transparency he says he wants:
It is particularly galling to hear Dodd, the chairman of the Senate Banking Committee, complain that “President Bush failed to be transparent with Americans about how their hard-earned dollars were being spent.” This is the same Dodd who promised last July– last July – to make public all documents relating to a series of sweetheart loans he received from the Countrywide Financial, one of the biggest miscreants in the subprime mortgage debacle. Yet, 216 days later, Dodd still has released no papers.
It is always refreshing to read someone pointing out the obvious.
Cross-posted at The Artful Doddger.