Morning Bell: Dodd Bill Creates Permanent TARP and You Can Quote That

Conn Carroll / March 26, 2010

In mid-October 2008, at the height of the Presidential campaign, Heritage Foundation analyst Rea Hederman began receiving emails alerting him that he was a star in a new multimillion-dollar ad campaign for then-candidate Barack Obama. The ads claimed that Hederman believed the middle class would be better off under the Obama tax plan. Nothing could have been further from the truth. In fact, Hederman’s analysis of the Obama tax plan found the exact opposite: that Sen. John McCain’s (R-AZ) tax plan would produce twice as many jobs as then-candidate Obama’s plan and leave middle-class families with, on average, $1,500 more in after-tax disposable income.

Now President Obama’s minions are at again, blatantly misquoting Heritage Foundation analysts in a desperate attempt to make their far left big government agenda appear to be centrist. This time the culprit is Deputy Secretary of the Treasury Neal Wolin, who told a U.S. Chamber of Commerce summit this week: (more…)