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Old 25th September 2008, 23:33   #2907 (permalink)
GetTheFlick
 
Join Date: Jan 2008
Location: Atlanta, GA, USA
Posts: 391
Quote:
"The Bush administration sought regulatory reform", hear that GTF.
They keep calling the Imposed Work Rules for air traffic controllers a "contract" too. Sort of like "The Patriot Act" and a few other things that were passed by a Republican Congress and King George.

Prattle on. Meanwhile, the polls keep going towards Obama, Palin is still an empty skirt, McCain still bows his head to read his reform message off his teleprompter and King George still looks lost anytime the nation looks for leadership.

Meanwhile, Krugman still has the flick.

So, this morning Hank Paulson told a whopper:

"We gave you a simple, three-page legislative outline and I thought it would have been presumptuous for us on that outline to come up with an oversight mechanism. That’s the role of Congress, that’s something we’re going to work on together. So if any of you felt that I didn’t believe that we needed oversight: I believe we need oversight. We need oversight."

What the proposal actually did, of course, was explicitly rule out any oversight, plus grant immunity from future review:

Sec. 8. Review.

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’m not playing gotcha here. This is telling: if Paulson can’t be honest about what he himself sent to Congress — if he not only made an incredible power grab, but is now engaged in black-is-white claims that he didn’t — there is no reason to trust him on anything related to his bailout plan.


(Emphasis added)

That would be a $700 billion dollar lie. Brought to you by your friendly Republican Party.

Don Brown
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