DeMint was referring to the President's claims that Republicans were obstructing a deal on the Senate's so-called financial reform bill. According to James Gattuso of The Heritage Foundation, "Section. 204 of the bill authorizes the Federal Deposit Insurance Corporation (FDIC) to 'make available ... funds for the orderly liquidation of [a] covered financial institution.'" This would allow tlie creditors of a failing company to get bailed out with your tax dollars.
DeMint: "President Obama Thinks Americans are Stupid" Brian Darling Human Events; May 3, 2010; 66, 16; Docstoc pg. 15 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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