The Obama Administration is concerned their takeover of the financial industry is at risk and are offering Republicans a fig leaf to buckle.

First they deny there was a bailout in the legislation. Now they are proposing the removal of a $50 billion fund that oversees future bailouts.

Don’t be fooled — the $50 billion is just a downpayment to administer future bailouts. The funding for the permanent bailouts will come from the Federal Reserve under the Blank Check Bailout bill.

The House bill authorizes the Fed to spent $4 trillion to bailout and “wind down” companies. The Senate bill doesn’t have a cap.

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Pollster Frank Luntz has confirmed what conservatives, Tea Party activists and, well, every other American not affiliated with Wall Street banks have known all along — voting for bailouts is a political death sentence.

Big Government has obtained a copy of a new poll conducted by The Word Doctors that should send shivers down the spine of proponents of the Financial Reform bill that passed the House of Representatives in December.  The legislation created a $150 billion bailout fund for future bailouts for banks and corporations and authorizes the Fed to spend up to another $4 Trillion.

Luntz’s poll asked whether “you would be more or less likely to vote for your member of Congress if they voted for a Financial Reform bill that contained a fund to bail out banks and Wall Street?”  The results:  5% more likely.  79% Less Likely.  An incredible 52% of respondents said that they would be “much more likely” to vote against bailout supporters.  A copy of the Luntz poll can be found here:

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