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Now It's Cummings vs. Kashkari

Rep. Elijah Cummings (D-Md.) just took his turn beating up on Neel Kashkari, Treasury's man in charge of the $700 billion rescut/bailout, in a classic Cummings harangue, which we'll reprint here, pretty much in its entirety:

"I live in the inner city of Baltimore and when I get home today...I promise you people are going to ask me about you. They're going to say, 'Cummings, we watched the hearings, we heard that guy Kashkari, but I’m losing my house today. I've gotta be three months behind before I can get help? What can he tell me today? I do not want a handout, I just want a hand. I want to pay my mortgage because this Bush administration and its policies have put me in a position where I don't have a job or I'm working a part-time job. Did I miss something, Cummings? What did Mr. Kashkari -- did he say something to me?' "

Cummings then directly addressed Kashkari:

"You're on TV, you're the man, I don't know what we're paying you but you're our employee. Look in the camera and tell these people what you are doing. They hear about the bailouts of Wall Street and they hear their tax dollars are being paid to AIG and they wonder if when they get home, all their stuff is going to be out on the street.

"I am begging you to please tell me exactly what is being done," Cummings said.

Kashkari stayed on-message and gamely responded to Cummings:

"The legislation we asked for was to try and stabilize the economy and avoid complete financial collapse. It was not to help Wall Street. This legislation was focused on stabilizing the system for everyone, for every American. It's not a stimulus, it's not an economic growth plan. It is an economic stabilization plan.

"Please let me respectfully set expectations. We are trying to use the resources to stabilize the system for everyone. This by itself is not going to solve" every problem, Kashkari said.

-- Frank Ahrens

The Ticker is Twittering!

By Frank Ahrens  |  November 14, 2008; 11:36 AM ET
Categories:  The Ticker  
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