The Bush Administration is asking congress for powers of a dictator to fix the economy. No one knows if the new rules will work. But Bush wants immunity from the courts in case the unprecedented governmental intrusion into Wall Street fails.(click here.)
Trust Bush? With absolute power? Reward his banking buddies' bad behavior with a trillion dollar bail-out financed by the American taxpayer? Not on your life.
We trusted Bush after 911. Look what his team of incompetents brought us.
I don’t know the consequences of doing nothing. But I like the odds better than giving Bush the power of a monarchy to play with our money. This isn’t Monopoly.
Let the market freeze up. It might anyway. Then we can cherry pick which institutions to save with a bail out.
Do not, I repeat, do not give George W. Bush these powers.
There is only one man in America smart enough to sift through this mess without being blinded by either the power or the conflict of interest – Michael Bloomberg, Mayor of New York City, is rich enough to have first-hand knowledge of our markets and markets throughout the world. I don’t know if Bloomberg is Democrat or Republican. I think he’s been both. He is an honorable man in that den of banker greed.
Warren Buffet suggested we make Bloomberg our economic czar. Do it now. If we must give up such extraordinary power to save American capitalism, give that power to Bloomberg. Do it now. Fill in with necessary legislation tomorrow.
I vote aye!