Monday, September 22, 2008

Dirty Secret Of The Bailout: Thirty-Two Words

Here they are:"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."Still think this bailout as proposed is a good idea? Think again.

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Hmm, perhaps this bailout is not the best idea? Our government needs to stop rushing into hasty decisions and sit down to hash this thing out. This bailout is a big deal and i don't think that it would be the best idea to pass it quickly over the span of a week. I understand the economy is hurting, and thus the American people are hurting, but the fact of the matter is that this bailout could have serious long term implications. It is best to stop where we are right now and take the time to consider what this bailout means and what it could cause.
I also find it funny that as soon as Fannie Mae and the Lehmen Bros crashed McCain was quick to ofer up a hasty economic plan only to revise it within the same day he presented it. Obama on the other hand, the less expierenced candidate, was mature enough to realize that this is something that is going to take serious consideration and that needs to be looked at from all angles and all the facts must be presented before rushing to deliver an economic plan.

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