Blue Dogs Say Helping Wall Street Is a "Genuine National Emergency," But Helping Main Street Isn't
by: David Sirota
Thu Feb 12, 2009 at 18:15
Chris Hayes of The Nation catches the House's leading Blue Dog Democrat, Jim Cooper, going on record saying that they see helping Wall Street as a "genuine national emergency," but helping the rest of the economy isn't. I shit you not:
When I spoke to Cooper the week after the vote, he defended it as counterintuitively pro-Obama, cast against "certain Congressional old habits and bad practices. A lot of our colleagues have not gotten the change message." He expressed frustration with the speed of the process, as well as the fact that the leadership had forgone the normal committee mark-ups, saying that members were "just told how to vote."
If that was the case, I asked Cooper, why had he voted for the Troubled Asset Relief Program little more than a week after Treasury Secretary Henry Paulson sent a three-page proposal up to the Hill asking for $700 billion? "We were told," he said, "and I believed at the time, that the TARP money was a genuine national emergency."
I mean, there's no other way to read this. Cooper is on the record saying he voted to hand $700 billion to Wall Street because it was required by a "genuine national emergency." But the stimulus bill that would start addressing the economic destruction happening all over the country? No, according to the Blue Dogs who voted against the stimulus, that crisis on Main Street isn't a "genuine national emergency."Guess what? The financial industry is the second biggest donor to Jim Cooper over his career. What a shocker that he thinks wealthy Wall Street fat cats having to take slightly lower paychecks is a "genuine national emergency," but millions of Americans losing their jobs and wages isn't.
http://www.openleft.com/showDiary.do?diaryId=11587