“No taxation without representation!”
Am I the only one hearing this refrain (from the musical “1776,” based on events during the American Revolution) in my mind’s ear every time the teevee pundits prattle on about this bailout of the world’s biggest insurance company and all those foreign banks who have investments on Wall Street?
I don’t recall having gotten to vote on this allocation of TONS OF MOOLAY that gets put into the hands of ONE MAN totally without oversight. There was no referendum, as there must be on a city/county/ISD bond issue and on most other such special funding events. This may not be constitutionally kosher/halal.
IMHO, this is clearly taxation without representation.
The man who is to be given such power seems to be pretty smart and all that (as Grandpa would’ve said), but hey, that is TOO MUCH responsibility for ONE PERSON. Power breeds corruption. Too much power with no oversight can be disastrous. I don’t think we can give any one person this kind of money and power to allot it.
I *know* we can’t afford this bailout. The average taxpayer is bailing out foreign banks, speculators who have tons of money that they could afford to lose (because otherwise they don’t invest it like that–it’s their play money, although it would buy our houses and cars several times over), corporations, people who got houses they clearly couldn’t afford, and so forth.
The mortgage bailout bugs me, as well. Hey–I (we) have a mortgage on which I have never missed a payment, and before that I had another one that I also never paid late. For three years we paid BOTH mortgages (while Mama lived in our Little House for free.) Neither note was ever late! Same with my car payments! Now, I’m not perfect; I might go a few days late on Penneys now and then out of forgetfulness and the usual idiocy, but they haven’t melted yet (and I still have way too much open to buy on all my accounts.) So why do I not get bailed out? Why is it that the BAD people who didn’t pay and are saying they can’t should get a free ride? This I don’t agree with.
Today the congresscritters were all trying to slap this or that rider on the bill, and it may well fall apart because of their crazy add-ons. For once, their idiocy could work in our favor.
There are lawsuits being filed to try to stop this madness. Hooray! If only this could work!
Everybody’s gone crazy.
Even me. You saw my nutty ATCs in the last post. And the sketch of Dennis’s hair as projected in six weeks. *grin*