Here's their mantra: the nation's current financial crisis is the result of "an ideology that's run amuck," as Congressman Rahm Emanuel said in an interview.
The "ideology" that's the problem, according to the Democratic liberals in Congress? Free Marketry. The Free Enterprise System is the root of the issue, and must be "fixed" by an unprecedented government intervention.
This attack on free markets and small government began being preached Friday night at the Center for American Progress, one of the nation's most leftist non-profits. The speaker of the evening? The one who started pointed fingers at free markets? Illinois' own other Senator, Majority Whip Dick Durbin, who said it was Alan Greenspan’s support of the 2001 Bush tax cuts and his reluctance to use regulatory authority to slow down subprime lending.
can’t stand here in defense of Alan Greenspan,” Durbin said. “He was also the man who rationalized the Bush tax cuts which I think were a disaster. There were good things that he did over time and I won’t go into them one-by-one. But I think that was a fundamental error, which has driven up our deficit and it has caused a chain reaction. As America’s debt has grown, with a president who was the first in history to call for a tax cut in the midst of a war – we have had to borrow more money from foreign nations.”
The video of Durbin's tirade is located HERE.
Illinois Review asked Durbin's Republican challenger Steve Sauerberg to respond to his opponent's comments. Campaign press secretary Chris Barron answered via email:
After more than a quarter century in Washington, it is unbelievable that Dick Durbin is shameless enough to blame someone else for the economic disaster facing our country today.
Dick Durbin is either the single most ineffective member of the United States Senate, or he is the single most dishonest.
For once, it would be refreshing to see the senior Senator from Illinois actually step up and take responsibility for his disastrous record. Instead, the people of Illinois are greeted with almost daily excuses from Durbin and his staff – it's someone else’s fault for our economic crisis, its someone else’s fault for our immigration crisis, its someone else’s fault for our energy crisis, and its someone else’s fault for our healthcare crisis.
None of these crises developed overnight, but every single one of them occurred on Dick Durbin’s watch. If Dick Durbin had any sense of decency whatsoever he wouldn’t be running for re-election right now – he would be asking the people of Illinois to forgive him for more than a quarter century of failed leadership.