BernieHund: The Political Watchdog

If the Congress agrees to the Bailout Proposal as written, we will have lost our voices once and for all. Congress is perched, ready to sign the blank check that will give Henry Paulson the power of a King. If the bailout proposal is agreed upon with the provisions originally included in it, we can rest assured that Boris Badanov has taken full control of the wind machine and Hank Paulson has full control of our country.

According to the proposal:

Sec. 8. Review.

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.

Ah… what happened to all the transparency in government that everyone has been talking about? What the hell is transparent about giving one man the right to do what he wants, when he wants, with our money and not having to be held accountable?

Henry Paulson may be capable of the job, although I am beginning to doubt it. After all, he has already flip-flopped on saving AIG, first saying we were not going to bail out another corporation, nailing the coffin closed on Lehman Brothers, then rewarding AIG for acts that are questionable. Why not just call Hank Greenberg and let him back into AIG. He started the company. He knows the company inside out. And, sure, he was forced out under a dark cloud, but at least that cloud was only over AIG and Greenberg, not the entire nation.

And what will that do to the national debt?

Sec. 10. Increase in Statutory Limit on the Public Debt.

Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.

TRILLIONS! My great, great, great grandchildren will be paying off the debt for all this fiscal responsibility and smaller government that the Republicans have brought us.

So, in summary, according to this proposal, there is not one thing about saving the American homeowners from foreclosure or doing anything to help the people on Main Street. However, by signing this agreement Congress is willing to become the goose that lays the golden egg in Hank Paulson’s lap.

Now that Bush has demonstrated how a smaller government with less intervention works and taken our democracy to Iraq, let’s only hope that someone brings it to America before it is too late. There is nothing about this Act, as written that is beneficial to anyone other than the thieves on Wall Street, and like a thief in the night under cover of darkness Congress and the administration are stealing the country from its citizens, and the future from our children.