Jay Lake (jaylake) wrote,
Jay Lake

[politics] The bailout

From the proposed bailout measure:

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.

I don’t care what your politics are. Do you think any administration should have completely secret, uncontrolled authority over $700 billion?

There are about three million personal bankruptcies a year in this country. Do you think the government would hand you unrestricted, unaccountable funds if you were in that kind of financial trouble?

And the fucking Democrats seem to be lining up on this madness.

Special bonus link: Key Lehman employees to receive $2.5 billion in bonuses as part of bankruptcy.

Will some kindly conservative please explain to this dumb old liberal-progressive how this triumph of free market economics is supposed to be of benefit to this country and its citizens.

Originally published at jlake.com. You can comment here or there.

Tags: politics

  • Post a new comment


    Anonymous comments are disabled in this journal

    default userpic

    Your reply will be screened