No.

So let me get this straight. The Bush administration, the very people who religiously eliminated regulation and thwarted any attempts at oversight — in other words, the very policies that have brought us to the brink of financial disaster — want close to $1,000,000,000,000 of our money to fix it. No strings attached, no obligation to Congress, and absolutely no potential review by the courts.

I say No.

What do they propose to do with ONE TRILLION DOLLARS? Buy all the bad debt from the companies that benefitted most from this lax environment, which leaves them wholly intact to pursue the very same corrupt practices, allows the people criminally responsible to escape without penalty, and sweeps the entire mess under the proverbial rug before the election. No accountability, no meaningful examination of the policies behind the mess, and no chance of enacting new laws to prevent this from happening again.

I say No.

Just like oil revenues were supposed to pay for the War in Iraq, the Bush administration claims this deal will pay for itself, meaning that someday we’ll profit from the purchase of their currently worthless assets — if that’s the case, why are these financial companies so desperate to sell? I see this as nothing more than a short-term fix to prevent their worst fears from coming true: not the collapse of the economy, not the final death of the American dream, but the ultimate revelation that George W. Bush and his Republican party ruined America. They’ve bankrupted us, morally and financially, and now they not only want a “Get out of jail free” card, they want John McCain elected to serve Bush’s third term.

I say No.

One Response

  1. On Sep 25, 08, Kevin said:

    Amen brother