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.


Jess Wundrun said...

Paul Krugman thought maybe some mole inside Treasury added that sentence as a poison pill or message to the legislators that this was a horrible idea and given that chilling sentence, every legislator has an out.

who knows.

I have an SEIU petition linked at my place on the same topic.

Matty Boy said...

Thanks, Jess, I'll be right over to sign it.

I called Barbara Lee and Barbara Boxer, but Lady DiFi's phone was busy, so I sent this e-mail. Feel free to cut and paste and add your own thoughts.


Please vote against the bailout of the companies who traded in bad debt. The cost is too high and the people the Bush administration have put in charge cannot be trusted. We are told if we don't act immediately, there are dire consequences, but they said the same thing about invading Iraq and privatizing Social Security.

Let the next president find a solution for this mess. The one we are stuck with for the next four months deserves a vote of no confidence, not a blank check for nearly a trillion dollars.

Anonymous said...

I made my calls. For the first time ever, it's possible the my Repub congresspeople and I agree on something. Amazing.

Lulu Maude said...

This passage has been driving me bonkers, too. Do you think that Cheney morphed into H. Paulson? It all has such a familiar echo...