Friday, September 26, 2008

Nader on the bailout

Why would Congress, particularly the one serving during the Bush administration, investigate options before rushing blindly to vote on a piece of "emergency legislation"?

I mean, that's what you'd expect from an actual republic, and not a corporately controlled simulacra.

Nader's ideas need to be heard and discussed. So do Senator Bernie Sanders' and those of various economists. Again, why is the media falling down on the job, buying the line that this is a crisis that demands immediate, thoughtless action when just last week they were telling us it was peachy, that the fundamentals of our economy are strong?
Congress should hold a series of hearings and invite broad public comment on any proposed bailout. Congress is supposed to be a co-equal branch of our federal government. It needs to stop the stampede to give Bush a $700 billion check. Public hearings should be held to determine what alternatives might exist to the four-page proposal advanced by Treasury Secretary Henry M. Paulson.
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