Senator Mitch McConnell continues to insist that the Dodd bill creates permanent bailouts -- and that it would be definitely better to do nothing. Apparently, he has indicated a willingness to make a Senate floor statement to that effect every day.
Senator McConnell is completely wrong on this issue -- and, if he gets any traction, we will feel the need to point this out every day. His remarks today and yesterday go far beyond any reasonable level of partisanship. This is about playing games with the financial stability of this country and the world; it should stop.
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