Saturday, September 20, 2008

The Bailout: Corrupt as the Administration that Proposes it

As our Nation's finacial markets collapse, Treasury Secretary Paulson is working over the weekend to come up with something that will save them. Excuse me, but I don't trust these people. They make vultures look like the doves of peace.

Here's Saint Paul (Krugman) on how the bill is supposed to work:

Here's another financial writer on how the bill can be used to steal a bank for next to nothing:

Here's the Text of the Bill:

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.

Have these people no shame? No scruples?

And what about the man who wants to follow in George W. Bush's footsteps? His own words hang him high. How can anybody remotely consider John McCain as a choice for the presidency? Are they nuts?

Somebody help the man get his foot out of his mouth.

This is from an article McCain wrote exactly one year ago:

"Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation."


"As HE has done to banking"

McCain is a liar and an absolute moron. Even HE has to know that.

Obama is nicer than I would have been...




Dear John...Watch this!

2 comments:

  1. twobears5:40 PM

    appreciate your thoughtful posts with good substantive links. this is not sexy stuff easily digested like lipstick, pigs and such but it is the business end of the spear and we need to be paying attention as we are being skewered.

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  2. Thanks, 2bears. We're working in the trenches as well as posting on what we believe in.

    There's a lot to do.

    Steve

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