Tuesday, February 03, 2009

Bunning was against bailouts; still is

While many in Congress are figuring out their fiscal principles on government bailouts by sticking their fingers in the air, stalwart Sen. Jim Bunning has been a notable exception. In a press conference today, he described the battle he fights today:
"There is no will to bite the bullet and reduce the spending. They are already talking about another trillion dollars for the banks. If I were a banker in Kentucky, I'd be very concerned that the federal government is going to nationalize the banks and take control of all the banking industry across the country."

Bunning also said he thought the Dow Jones Industrial Average, currently near 8000, would hit 6000 before it hits 9000.