A Quick Thought on Today's Event
I have only one and I want you all to say it aloud with me:
PRESIDENT ELECT BARACK HUSSEIN OBAMA!
Commenter ThatLeftTurnInABQ
at Obsidian Wings has a post which should shake everyone to their very core:
<i>I just did a little bit of googling, and it turns out that with $700 billion to work with and unlimited Section 8 authority <b></i>[this is the part of the bill making this program free of oversight and not accountable, or reviewable by any other government agency]<i></b> to use it, Hank Paulson would effectively be the fiscal equivalent of the 7th largest sovereign nation on Earth, all by himself:
Budget expenditures 2008 Country Ranks
1 United States $2,731,000,000,000
2 Japan $1,575,000,000,000
3 Germany $1,477,000,000,000
4 France $1,372,000,000,000
5 United Kingdom $1,237,000,000,000
6 Italy $1,029,000,000,000
7 China $634,600,000,000
In the larger context of this chapter of our fiscal soap opera, one of the
problems with this bailout is that it probably isn't big enough…</i>
http://obsidianwings.blogs.com/obsidian_wings/2008/09/bailout-1.html#comments
Putting this much unaccountable power in the hands of one man is nothing short of insanity – particularly if it’s passed in a state of unthinking panic. We very well may need to swallow the incredibly bitter bailout pill, but Jesus, Mary and Joseph, this is not the way to do it! Passed under these circumstances, the cure could very well be worse than the disease.
Until just a few months ago I was not a very radical guy, but even I’m starting to think these types actions are the reason people fight revolutions.