News just in about an audacious proposal, dreamt up by the Treasury Secretary Hank Paulson, and fully supported by the current Bush Administration, designed to bail out the fall out of the mortgage/sub-prime crises.
The details?
Alarmingly THIN but for the fact that it will cost tax payers $700 billion dollars. But get this, the draft proposal for this $700 billion
Bailout Plan says (in section 8):
"
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."
This means that the Secretary is not accountable for anything or anyone. In fact, s/he is not bound even by law! I suppose this magnitude of power and lack of accountability is not entirely surprising given this is the same Administration that legalised/socialised concepts such as pre-emptive strike, waterboarding, warrantless wiretaps etc.
Which then begs the question, why would anybody vote for McCain when he supported Bush's policies 95% of the time in 2007, and 100% in 2008.
Even a former beauty queen can't save that kind of bogus statistic.
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