Eh, I don't know. I agree a bailout is probably necessary but I'm deeply disturbed by the way it's being handled. According to the administration it's so completely vital that it needs to be passed IMMEDIATELY, and there's no time to discuss where the money's going to go, or why they're asking for 14 X the projected cost, or what happens to the surplus. However there's a clause that once the bill is passed there can't be any kind of review or oversight. I'm not reading that people aren't willing to pass a bailout but that the bailout needs some accountability before they pass it. Interestingly enough the corporate friendly politicians that are adamant the bill needs to be passed now now now don't seem to be willing to budge on that point.
I'm no financial whiz kid but I'm uncomfortable handing over 700 Billion dollars without any sort of oversight or review.
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Date: 2008-09-30 01:30 am (UTC)I'm no financial whiz kid but I'm uncomfortable handing over 700 Billion dollars without any sort of oversight or review.