Tuesday, September 23, 2008
Call your congresscritters - JUST SAY NO!
President Bush says that it's no time for partisanship on the massive bailout of the financial institutions that got themselves into boiling hot water by being stupid and greedy. What he really means is it is no time to disagree with him.
You don't have to be partisan to hate this deal, and it may not be possible to make it much better.
1. It costs too damn much. Whether it's $700 billion or a cool one trillion, we are talking about two to three thousand bucks burden for every man, woman and child in the country, and the numbers are even higher if we only count taxpayers. Democrats, Republicans and independents have to concerned about the price tag.
2. It gives completely un-American power to one person. The bill as it stands isn't some giant document like the Patriot Act. It's three pages long. And sitting in those three pages is this gem of a sentence.
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
Ah, hellz no, as we like to say in Oakland. This is America. Some bureaucrat does something, somebody gets to look over his shoulder. No one gets this crazy amount of power, especially Henry Paulson, who only thought this was a crisis when his old company Goldman Sachs might get brought down in this shit storm of bad debt.
The jerks from the Bush administration tell us this crisis needs immediate attention. To hell with them. They told us everything was peachy earlier this year when others on all sides of the political spectrum were pointing out there were obvious problems. They tell us that without immediate action, a recession is unavoidable. How often have they been right in the past?
I say let the next president deal with this. The advice of these thieves is worth less than zero. Call your senators and your representative and tell them to just vote no on this crap.