NEW YORK (CBS) ― Sen. Hillary Rodham Clinton said Tuesday she worries that taxpayers could be left "holding the bag" with plans for a $700 billion government program to stabilize the country's distressed financial markets.
Interviewed on Tuesday morning on CBS's "The Early Show," she said she agrees that the situation is critical and that something must be done quickly. She said, "the house is on fire and we've got to call the fire department and put the fire out." But Clinton also said that Congress should not "give the Treasury a blank check" to straighten out the problem.
"What we also have to do is make sure that homeowners get some relief, that it's not just for the banks and the lenders," she said. Clinton added that "we also must begin to look at the root cause of this, which is these mortgages that people cannot afford."
The senator said she didn't think all responsibility for solving these problems should be vested in the Treasury Department, suggesting that "once we get through this immediate crisis," the country should look at some Great Depression-era type of governmental entity to deal with it. [emphasis mine]
Let's be honest here. She doesn't want to put the fire OUT, exactly. Okay, the house may go down but there are things more important than putting the fire out. Let's organize a whole new breed of fire department and set it up right there in the house so we have better access to the crisis...staff it with bureaucrats, fund it with taxes on the wealthiest Americans, regulate the amount of water that can be used to put out the fire, put sanctions on the homeowner since his fire increased global warming, and then top it all off by starting a rumor that the very last copy of the Constitution got burned up in the fire.
'at'll fix it.