The Eclectic One

…Because labels are a poor substitute for thinking

Tell congress no!

Posted by Bill Nance on September 25, 2008

After taking a few days to mull over the bailout, I’ve come to two conclusions:

1. The problem does not need to be solved by tomorrow.

2. Under no circumstances should the Treasury Department or any other executive branch-controlled organization be in charge of the implementation of whatever plan eventually comes out of the congress.

The Bush Administration is without doubt the most inept and corrupt administration since U.S. Grant. This isn’t even debatable anymore. Their track record alone shows that under no circumstance should they be given the ability to do even further damage to the United States. That record also shows their tendency to line the pockets of their friends at the expense of the taxpayer. One look at the no-bid contracts awarded to Halliburton and others should make that obvious.

The administration’s track record also makes clear that it approaches complex problems in crisis mode, manufactures false urgency and grabs for power at every opportunity. The likelihood that the Bush Administration will effectively manage another trillion dollars or so is so small as to be nonexistent.

Congress needs to act and act in a reasonably fast time period. But that doesn’t mean by Friday. Another week or two won’t make such a large difference that irrevocable damage to the economy will occur.

It must not under any circumstances act in such a way as to cede yet more power to the executive.

Call your congress critter and tell them: No more power to the Bushies. The deal as proposed cannot go through.

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