{"id":12822,"date":"2008-09-22T08:32:18","date_gmt":"2008-09-22T15:32:18","guid":{"rendered":"http:\/\/hill-kleerup.org\/blog\/wp\/2008\/09\/22\/money-money-money.html"},"modified":"2008-09-22T08:32:18","modified_gmt":"2008-09-22T15:32:18","slug":"money_money_money","status":"publish","type":"post","link":"https:\/\/hill-kleerup.org\/blog\/2008\/09\/22\/money_money_money.html","title":{"rendered":"Money, money, money"},"content":{"rendered":"
\"\" <\/div>\n

Let me just say that:<\/p>\n

    \n
  1. Giving the Secretary of the Treasury $700 Billion <\/strong>to spend as he will, without strings, oversight, review, or ramifications<\/em>, sounds like an extraordinarily bad idea.<\/li>\n
  2. Arguing that This Must Be Passed Right Now Without Debate, Add-Ons, or Anything Else is the same sort of “we invented this crisis, now you have to let us solve it, just trust us and sign the paperwork” high-pressure tactics the White House used on the PATRIOT Act — and we know how many odd little loopholes and unintended (and intended) consequences that had.<\/li>\n
  3. If you’re going to bail out companies that have gambled the wrong way and lost (and that may well be necessary, bad precedent be damned), it’s as important to bail out people who gambled the wrong way and lost. Yes, “Main Street” as well as “Wall Street.” Not surprisingly, the Bush Administration is insistent that only the latter should be addressed (the bail out no doubt “trickling down” to the rest of us).<\/li>\n<\/ol>\n

    Or, put another way:<\/p>\n

    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.<\/p><\/blockquote>\n

     <\/p>\n

    That’s not how we should be doing business, let alone government. Indeed, doing business <\/em>that way is what’s gotten us in trouble in the first place.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Let me just say that: Giving the Secretary of the Treasury $700 Billion to spend as he will, without strings, oversight, review, or ramifications, sounds like an extraordinarily bad idea….<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[35,9],"tags":[],"class_list":["post-12822","post","type-post","status-publish","format-standard","hentry","category-big-business","category-politics-law"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":38501,"url":"https:\/\/hill-kleerup.org\/blog\/2013\/08\/17\/bail-out-or-bale-out.html","url_meta":{"origin":12822,"position":0},"title":""Bail out" or "bale out"?","author":"***Dave","date":"Sat 17-Aug-13 12:02pm","format":false,"excerpt":"This came up while reading one of Garth Ennis' \"Battlefields\" books, where he had folks \"bale out\" of airplanes. \u00a0Being one of those uneducated Yanks, I had always thought it was \"bail out\".Turns out, there's a lot of bail\/bale confusion out there. \u00a0Time to turn to World Wide Words ...\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4784,"url":"https:\/\/hill-kleerup.org\/blog\/2004\/01\/06\/true_confession.html","url_meta":{"origin":12822,"position":1},"title":"True Confessions","author":"***Dave","date":"Tue 6-Jan-04 7:39am","format":false,"excerpt":"Sports is probably one of the pop culture thangs I am most decidedly least interested in. Still, the \"Pete Rose comes kinda-clean\" story requries at least some comment. On the...","rel":"","context":"In "Potpourri"","block_context":{"text":"Potpourri","link":"https:\/\/hill-kleerup.org\/blog\/category\/potpourri"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24102,"url":"https:\/\/hill-kleerup.org\/blog\/2011\/11\/27\/the-bail-out-nobody-knew-about.html","url_meta":{"origin":12822,"position":2},"title":"The Bail-Out Nobody Knew About","author":"***Dave","date":"Sun 27-Nov-11 9:20pm","format":false,"excerpt":"It's not so much that the loans were made. I understand the whys and wherefores there. I'm roughly okay with that.That they are (a) made in secret to firms that then (b) spearheaded efforts to prevent future oversight and regulation to keep the same disastrous conditions from occurring ... yeah,\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12798,"url":"https:\/\/hill-kleerup.org\/blog\/2008\/09\/25\/game_night_munchkin_for_t.html","url_meta":{"origin":12822,"position":3},"title":"Game Night – Munchkin for the munchkin","author":"***Dave","date":"Thu 25-Sep-08 9:34am","format":false,"excerpt":"I was going to bail on game night last evening, not feeling up to a D&D-fest, but Katherine was seriously disappointed (which made me feel good and bad at...","rel":"","context":"In "Gaming"","block_context":{"text":"Gaming","link":"https:\/\/hill-kleerup.org\/blog\/category\/gaming"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.hill-kleerup.org\/blog\/images\/munchkin.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":19093,"url":"https:\/\/hill-kleerup.org\/blog\/2010\/11\/03\/colorado-election-wrap-up.html","url_meta":{"origin":12822,"position":4},"title":"Colorado election wrap-up","author":"***Dave","date":"Wed 3-Nov-10 8:56am","format":false,"excerpt":"On the major state offices: John Hickenlooper (D) won handily over Tom Tancredo (ACP) and Dan Maes (R) to be the next governor of the state.\u00a0 That's ... a good thing.\u00a0 On the other hand, the GOP seems to have taken back one, if not both, houses of the state\u2026","rel":"","context":"In "Elections 2010"","block_context":{"text":"Elections 2010","link":"https:\/\/hill-kleerup.org\/blog\/category\/politics-law\/elections-2010"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2010\/11\/coloradoflag.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2010\/11\/coloradoflag.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2010\/11\/coloradoflag.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2010\/11\/coloradoflag.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":12806,"url":"https:\/\/hill-kleerup.org\/blog\/2008\/09\/23\/potpourri_for_a_late_tues.html","url_meta":{"origin":12822,"position":5},"title":"Potpourri for a late Tuesday night","author":"***Dave","date":"Tue 23-Sep-08 10:35pm","format":false,"excerpt":"BAIL-OUT TO NOWHERE! Disaster Capitalism\u00a0- The key take-away from the discussion here is that this $700bn Bail-out to Nowhere was (it is claimed) not something slapped together as a panicky...","rel":"","context":"In "Animation \/ Cartoons"","block_context":{"text":"Animation \/ Cartoons","link":"https:\/\/hill-kleerup.org\/blog\/category\/media\/media-cartoons"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/12822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/comments?post=12822"}],"version-history":[{"count":0,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/12822\/revisions"}],"wp:attachment":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/media?parent=12822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/categories?post=12822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/tags?post=12822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}