Sep 21 2008
no leap of faith
Excerpted from Bloomberg.
Bush said yesterday he’s unconcerned that the price tag on the package may seem high.
“I’m sure there are some of my friends out there that are saying, ‘I thought this guy was a market guy, what happened to him?’” the president said. “My first instinct was to let the market work, until I realized, while being briefed by the experts, how significant this problem became.”
The Bush administration seeks “dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis,” said Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington. “We are taking a huge leap of faith.”
A government with George W. Bush in the executive branch, a man whose financial history includes nothing but failed businesses, asks us to trust his administration—in particular a non-elected official—with $700 billion dollars and with zero oversight. That is more than the combined budgets of the Department of Defense, Education, and Health combined.
Call your Senator or congress critter of choice, and make it clear that you have no desire to see your financial future and that of your children handed over to one man with zero oversight. This is, simply put, outrageous.
