From the proposed Bush administration Wall Street bailout plan, Section 8:
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.
You would hope we would have learned by now, that blank checks written out to the Bush administration always bounce.
So will the Democrats demand accountability in this massive bailout and remove Section 8? Or will we see another game of chicken where the Democrats blink first?
On another note, it is nice to see that out Representative Barney Frank (D-MA) is taking such a powerful role as Chairman of the House Committee on Financial Services. As I was watching him on MSNBC tonight, it was wonderful to see him not asked an LGBT question. It was a non-issue. The press have moved beyond it, as have most of the nation. I wonder if only five years ago if that would have been the case?
It is a pleasure to watch him debate any Republican, or Democrat, for that matter on Sunday talk shows and the likes.
I'm hoping that the Democrats finally stare down the Republicans on this one. No more giveaways, unless the American worker gets it first. If a bailout is a absolute necessity, it should not be drafted by the people that got us in this mess in the first place.