Linkmeister

DO NOT WANT

Any Congressman who agrees to the text of this proposed plan no longer deserves to hold office. Time to get on your phones, people.

There's a lot wrong here. As Krugman says:

Treasury needs to explain why this is supposed to work — not try to panic Congress into giving it a blank check. Otherwise, no deal.

The most egregious part of it to me?

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.

No thank you. If Congress gets stampeded into this they might as well admit their branch of government is useless and should be disbanded.

Posted by Linkmeister at September 20, 2008 01:09 PM | TrackBack