Congress must question this bill and press for more safeguards. Have you read this thing? Basically it's like Paulson is declaring Martial Law over the U.S. economy. No court can stop him. No lawmaker dare question the Treasury Secretary's rulings.
A sure indicator of public sentiment against the Paulson plan was the rapid spread of emails and websites poking fun at it. One email purporting to be from Paulson imitated the Nigerian scam emails that beg for cash.
It used to be said that a house was the largest expenditure in any person's lifetime; but if someone buys five or more new cars over 40 or 50 years, those purchases could easily cost more, in total, than their home.
Instead of pouring cash into saving financial giants that are doomed for extinction, the government should use these funds to assist people and institutions that could be affected by the Wall Street turmoil.
Andrew Sullivan says he believes in "personal responsibility." But like most conservatives, he only believes in it for proles. Money buys morality in today's America--just like it buys administrations.