$700 B bailout bill that bush43 is pushing.

Why am I hopeful? I don't like the bill, and conservatives have come out against the bill. Now that doesn't mean folks can't be bought. That is how Washington seems to work but when I hear both the right & the left complaining about many of the same aspects of the proposed bill, it leaves me with hope.

Honestly, I hope this isn't passed this week in any form. While I think we need to address the concerns of the Securities Industry, throwing money at them by buying the bad paper they created isn't my idea of a good use of taxpayer money, and let's be clear about this. The way it's structured by the Executive branch, there will be no oversight, there will be no addressing how Wall Street got here and only the big boys will make out like bandits. We the taxpayers will be left holding the (ever expanding) tab.

We need to do something but we need to take the time to address it properly. False deadlines are how this Administration pushes it's BS on the rest of us. One week is a false goalpost. Since this election time, I'm not sure anything can be done properly right now. Too many interests will try to play this out purely for spin & election gotchas. Something of this magnitude needs to be addressed with prudence & reasoning, not emotional bluster & angst.

While it is refreshing to see such candor, I think these folks & McCain by proxy are idiots:

" Two McCain advisers told participants in a weekend retreat that his administration would discourage Israeli-Syrian peace talks and refrain from actively engaging in the Israeli-Palestinian peace process.

A McCain administration would discourage Israeli-Syrian peace talks and refrain from actively engaging in the Israeli-Palestinian peace process.

That was the message delivered over the weekend by two McCain advisers -- Max Boot, a senior fellow at the Council on Foreign Relations, and Richard Williamson, the Bush administration's special envoy to Sudan -- during a retreat hosted by the Washington Institute for Near East Policy at the Lansdowne Resort in rural Virginia."

Just wait till half the stuff Max Boot has written hits the media. We'll be seein' Steve Schmidt cry like a baby on national TV about how unfair the MSM is.

LONDON (MarketWatch) -- Automobile-finance companies lead a growing list of liquidity-starved industries trying to get in on the huge government rescue plan targeted originally at cleaning up bad mortgage bets, The Wall Street Journal reported, citing a lobbyist for one of the Big Three automakers. Other businesses, such as student and credit-card lenders, also could eventually access the program, the newspaper said. To permit that, House and Senate versions of the bill written overnight -- with lobbyist input -- now include language broadening the types of assets eligible for sale under the plan, from "mortgage-related" to "troubled assets," the report said.

Link

Democrat Barack Obama said today that the massive bailout package being
negotiated to rescue Wall Street will likely force him, if elected, to
delay some of the spending programs he has advocated on the campaign
trail.

Noting that the Treasury Department would not disperse all the funds
immediately from a proposed $700 billion bailout package, Obama
acknowledged that some of his proposals for health care and education
reform, improvement to the nation's infrastructure and investment in a
new "green" energy sector might have to be phased in.

"Does that mean I can do everything that I've called for in this
campaign right away? Probably not," he said on NBC's "Today." "I think
we're going to have to phase it in. And a lot of it's going to depend
on what our tax revenues look like."

http://www.latimes.com/news/politics/la-na-campaign24-2008sep24,0,7980532.story

This is a small step on the path toward fiscal sanity. Now, I'd like to see both candidates revisit their tax plans and level with the American people.  The numbers just don't add up.