The Eclectic One

…Because labels are a poor substitute for thinking

Bailout wasting Billions. Surprise surprise

Posted by Bill Nance on December 2, 2008

Bush Administration completely screws up bailout plan…Film at 11.

From the WAPO:

The head of a new Congressional panel set up to monitor the gigantic federal bailout says the government still does not seem to have a coherent strategy for easing the financial crisis, despite the billions it has already spent in that effort.

I said it at the time and so did others. The bailout passed by congress was a steaming pile of dung.

Congress handed a $700 billion blank check to an administration with the worst spending record in the country’s history and notorious for its cronyism and incompetence. No one should be surpised that Paulson has changed course three times and congress has no effective oversight.

Again I say it: Democrats, get your act together. Pelosi and Reid must go.


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