I think this is the scariest part
of the proposed bail out bill.
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.
Sec. 9. Termination of Authority.
The authorities under this Act, with the exception of authorities granted in sections 2(b)(5), 5 and 7, shall terminate two years from the date of enactment of this Act.
Sec. 10. Increase in Statutory Limit on the Public Debt.
Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.
Experience Counts?
Lots of talk in the campaign so far about experience. Biden and McCain are supposed to have it, Obama and Palin do not.
John McCain and The Keating Five…
I cannot vouch for the accuracy nor comprehensiveness of its work in general, nor this particular entry, but nonetheless find Wikipedia’s article on The Keating Five to be informative and topical. Let’s all acknowledge that there’s plenty of blame to go ‘round in our present mess, but since experience, judgement, and change seem to be the themes of this election cycle, it seems appropriate that we all could stand to revisit the particulars of an economic debacle from the not-too-distant past…
http://en.wikipedia.org/wiki/Keating_five
The Reagan Legacy
Here is a bit that was displayed on the Republican Governor’s Association site:
Tribune - Sarah Palin started beating a drum about Barack Obama at the Republican National Convention here, and she was beating it again today.