Paulson's Patriot Act- Sec. of Treasury Bailout Proposal

A discussion has been started in Politics and World Events.

Sec. of the Treasury Henry Paulson has submitted his 700 Billion dollar proposal to Congress which calls for the position of Secretary of the Treasury to usurp far more power than any secretary before him, and is saying if they don't approve it quickly we may not be able to get out of this financial crisis.

Hmmm... I've seen this somewhere before.

Unbelievable government negligence goes unchecked for years, then a crisis hits, and someone from the administration calls for unprecedented power.

I am not interested in creating a conspiracy theory, and I don't think that Congress is going to roll over on this one, but the current terms of this bailout leave the American taxpayer a slave to paying for Wall Street's greed and unethical behavior.

Am I wrong? Is there anything we can do about it? Liz Moyer from Forbes.com wrote this article: http://www.forbes.com/2008/03/29/paulson-finance-reform-biz-wallst-...

Might want to take a look since its a loan the government is about to sign your name to whether you like it or not.

-The Roadtrippers