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The Bailout
hilzoy at ObWi has a pile of links I haven't gone through yet. But looking at the leaked plan, I have to go with ![[livejournal.com profile]](https://www.dreamwidth.org/img/external/lj-userinfo.gif)
gilmoure on ![[livejournal.com profile]](https://www.dreamwidth.org/img/external/lj-community.gif)
metaquotes and take pause ... well, everything, but particularly at this:
...
This is a blank check.
This is a $700 000 000 000 blank check. (At least!)
Is there anyone in the present administration you would trust with a $700 000 000 000 blank check? Heck, is there anyone at all you would so trust? If you had to borrow $700 000 000 000, would you want its spending completely in control of one person, in such a way that that one person could do anything with your money (your borrowed money), and no-one could stop them?
I fear that this may yet come to pass.
(Edit: More amateur analysis - this from the inimitablepecunium.)
gilmoure on metaquotes and take pause ... well, everything, but particularly at this: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.
...
This is a blank check.
This is a $700 000 000 000 blank check. (At least!)
Is there anyone in the present administration you would trust with a $700 000 000 000 blank check? Heck, is there anyone at all you would so trust? If you had to borrow $700 000 000 000, would you want its spending completely in control of one person, in such a way that that one person could do anything with your money (your borrowed money), and no-one could stop them?
I fear that this may yet come to pass.
(Edit: More amateur analysis - this from the inimitable
pecunium.)