Another reason why Paulson's plan is bad
They don't know why they need $700 billion:
The answer is no. If George W. Bush and Henry Paulson can't provide justification to Congress for why they need $700 billion with no strings attached, and the only rationale they can provide for coming up with that number is that they just wanted a large number, then they get nothing.
That's zero with an infinite number of zeros after it.
Please call your member of Congress and your Senators and tell them no deal. Demand accountability, demand a stake in the profits and a limit on executive compensation. Just get on the phone and rage against this Administration that thinks you're so stupid that they can make up numbers and get anything they want.
"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."Leave it to the Bush Administration to just make up a number to pay their buddies in the financial world. No particular reason, no justification, no data to back it up. They just picked a number!
The answer is no. If George W. Bush and Henry Paulson can't provide justification to Congress for why they need $700 billion with no strings attached, and the only rationale they can provide for coming up with that number is that they just wanted a large number, then they get nothing.
That's zero with an infinite number of zeros after it.
Please call your member of Congress and your Senators and tell them no deal. Demand accountability, demand a stake in the profits and a limit on executive compensation. Just get on the phone and rage against this Administration that thinks you're so stupid that they can make up numbers and get anything they want.
# Posted by Ken Camp : 7:11 PM
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