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Oh My: McConnell Laughed Out Loud When Geithner Discussed Obama’s Plan

SCLiberal Wrote: Nov 30, 2012 1:14 AM
And we're borrowing now with the plan to pay off our bonds when we recover. What's the difference? The main difference is that when we recover, we'll be the only knowledge economy in the world

Negotiations can’t be going too well if the Senate Minority leader is openly scoffing at President Obama’s “bipartisan” plan to solve the looming “fiscal cliff” crisis. Yikes:

Mitch McConnell, the Senate Republican leader, says he “burst into laughter” Thursday when Treasury Secretary Tim Geithner outlined the administration proposal for averting the fiscal cliff. He wasn’t trying to embarrass Geithner, McConnell says, only responding candidly to his one-sided plan, explicit on tax increases, vague on spending cuts.

Geithner’s visit to his office left McConnell discouraged about reaching a “balanced” deal on tax hikes and spending reductions designed to prevent...