F***YOU GEORGIE, Not So Fast
BUSH: ACT NOW, OR ELSE…
"IF WE LEARNED ANYTHING FROM 9/11, THE BIGGEST MISTAKE IS TO PASS ANYTHING THEY ASK FOR JUST BECAUSE IT'S AN EMERGENCY"… Democrats: Pay Limits, Loan Aid Must Be In Bailout... Stocks Fall... Krugman: "Cash For Trash"... Bush's Legacy Of Squandering Taxpayer Money... Bailout May Include Foreign Banks...
Patrick Leahy on the bailout package:
"We will do something this week -- but if we learned anything from right after 9/11, it's that the biggest mistake is to pass anything they ask for just because it's an emergency," Leahy says.
The Senate Judiciary Committee chairman knows of what he speaks. He sponsored the original Patriot Act, only to feel betrayed later when the Bush administration used it to justify domestic wiretapping.
"We will do something this week -- but if we learned anything from right after 9/11, it's that the biggest mistake is to pass anything they ask for just because it's an emergency," Leahy says.
The Senate Judiciary Committee chairman knows of what he speaks. He sponsored the original Patriot Act, only to feel betrayed later when the Bush administration used it to justify domestic wiretapping.
James Boyce, 09.22.2008The danger is real. The threat is imminent, we can't debate or talk about it -- VOTE NOW CONGRESS because we can't wait, there's not a moment to spare. Is this ringing a bell to anyone?
It appears that Democratic Party leaders are prepared to call the Bush administration's bluff when it comes to the extent and purpose of the proposed economic bailout package.
On Monday morning, Rep. Barney Frank, chair of the powerful House Financial Services Committee, drew something of a line in the sand, saying that there was time to add provisions into the bailout that increased government oversight and limited executive pay. He also ridiculed the White House a bit for attempting to give Secretary Treasury Hank Paulson carte blanche in resolving this mess.
"I trust Hank Paulson," Frank told ABC's Good Morning America, "but I don't trust anybody to have the amount of power he asked for in the bill he sent us. Yes, we need to do it, but we need to do it in a way that reduces foreclosures, controls excessive executive compensation and has decent oversight."
On Monday morning, Rep. Barney Frank, chair of the powerful House Financial Services Committee, drew something of a line in the sand, saying that there was time to add provisions into the bailout that increased government oversight and limited executive pay. He also ridiculed the White House a bit for attempting to give Secretary Treasury Hank Paulson carte blanche in resolving this mess.
"I trust Hank Paulson," Frank told ABC's Good Morning America, "but I don't trust anybody to have the amount of power he asked for in the bill he sent us. Yes, we need to do it, but we need to do it in a way that reduces foreclosures, controls excessive executive compensation and has decent oversight."
posted by Kangaroo Brisbane Australia at 12:53 PM
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