Showing posts with label Bailout. Show all posts
Showing posts with label Bailout. Show all posts

Thursday, September 25, 2008


Bush spoke to the nation last night. Let me give you the breakdown, although by now we should all know the tune.

"If we don't BLANK (fill in hastily thrown together, questionable plan of action) now, then we will most certainly BLANK (insert any fearful image here, mushroom cloud, another 9/11, economic collapse)". 

But like the American auto makers will tell you, you can only sell a crappy product for so long before the public just stops buying.

s

Monday, September 22, 2008

Do what now?


Whew...

I've written a few large checks in my life, back taxes, back child support, back massage, but I can only imagine what signing a 700 billion dollar bailout check would feel like. What do you put in the "Memo" line? Do you sign with red ink? So many questions.

Apparently the deal isn't going done as smooth as Bush and Paulson had hoped. One reason could be a small section of the agreement..32 words as a matter of fact.

"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."

Really? We give you 700 billion dollars and do what, wave goodbye? Hope for the best?  All of this happens on your watch, all the while you're telling us things are fine, and then once the walls start to crumble you not only want a large check but also absolute immunity? Really?

s