April 3, 2010: McCarthy Faults President Obama for Backing "Permanent Bailouts for Wall Street" Rep. McCarthy: "President Obama wants Congress to pass job-killing legislation that would guarantee permanent bailouts for Wall Street. Under his plan, unelected Washington bureaucrats would be granted virtually unlimited power to pick winners and losers and hardworking American taxpayers would pick up the tab for the reckless decisions made by irresponsible bankers."