Joe Manchin: Bailouts for Me, But Not for Thee

Joe Manchin is threatening to kill the reconciliation bill for promoting an "entitlement mentality," almost exactly 13 years after he pushed for a Wall Street bailout. It would be nice if bankers ever had to show a little "personal responsibility."

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Senator Joe Manchin in Washington, DC, 2021. (Patrick Semansky / Getty Images)


On Thursday, coal baron-turned-senator Joe Manchin threatened to kill his party’s climate, health care, and anti-poverty legislation, telling reporters: “I cannot accept our economy, or basically our society, moving towards an entitlement mentality.”

Manchin’s declaration comes almost exactly thirteen years after he played a pivotal role pushing for a massive Wall Street bailout that funneled hundreds of billions of dollars of public money to the banks whose financial crisis destroyed the global economy and ravaged West Virginia with mass foreclosures.

The bailed-out banks quickly paid themselves huge government-subsidized bonuses and later bankrolled Manchin’s political campaigns.

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