Tulsa World: Inhofe: Cancel the ‘blank check’
WASHINGTON â€” U.S. Sen. Jim Inhofe said Saturday that Congress was not told the truth about the bailout of the nation’s financial system and should take back what is left of the $700 billion “blank check” it gave the Bush administration.
“It is just outrageous that the American people don’t know that Congress doesn’t know how much money he (Treasury Secretary Henry Paulson) has given away to anyone,” the Oklahoma Republican told the Tulsa World.
“It could be to his friends. It could be to anybody else. We don’t know. There is no way of knowing.”
This is exactly why the US Congress has such a low approval rating. They’re ALL a bunch of do nothing idiots that do nothing until they do something, and their idea of ‘something’ is to hand the keys to the bank to the outgoing president’s lap dog. Here’s a nice look at how the american people feel about their representatives:
5 thoughts on “Cancel the ‘blank check’”
It boggles mind. Paulson said that he wanted no restrictions and absolute control over the $750 billion and immunity from any consequences of his actions…and they gave it to him! They were so worried about what the American people would think if they didn’t act right that very second that they fubar’d it completely. They’re supposed to be more knowledgeable; they’re not supposed to panic, just because we were. They’re supposed to consider the situation and take steps to help the siuation and to avoid making it worse…which they did…again. Congress used to be smart, not anymore it seems. We keep voting in people we like rather than people who can do the job. We’re responsible for these idiots being in charge. I just really hope that Obama is a throwback to politicians that are intelligent, caring and knowledgeable about the role of their branch of the gov’t, and the others as well.
The government: Something must be done, this is something, it must be done.
Seems more like the approval rating has more to do with how scared people are. Look at 9/11 on the chart.
Well, congress has a lower approval rating than the president and has for some time. We will soon have an inexperienced president from the same party that makes up the majority of the low rated congress. I fear people voted for who they liked in the presidential election, rather than who can get the job done.
@dogolopee I hope people voted for Obama because they thought he could get the job done. Granted, mostly because he would choose people who knew the job he’d appoint them to. There is precedent for presidents that have done well w/ little to no experience but had excellent management abilities. Proper delegation is extremely important to any president. I think it’s one of things that really messed Bush up. He’s not an awful person, but he didn’t pick competent people and those that were (Powell) were ignored and abused.
@Alec I noticed that too (hard to miss). We were absolutely ready to be led into something great. We were failed by those in power. It’s one of the reasons I get upset when people say we never gave Bush and (2001-2004) Congress a chance. We would have done almost anything they asked, instead we got the Patriot Act and years of incompetent wars. I’m sure there are those that are happy he failed so badly, but the vast majority, left and right, just wanted him to succeed. In 2006 we voted in a democratic majority and still they failed us. Let’s hope that we have enough consensus in the legislative and executive branches that are willing to work together carefully, knowledgeably and sincerely.