Should Congress Trust the Bush Admin AGAIN?

The current rush for the Bush Administration to have Congress pass such significant and consequential economic legislation brings back lurid, six year old memories. It seems like just yesterday when Bush asked Congress to hastily pass the Joint Resolution to invade Iraq based on you-have-to-trust-us-on-this-one assurances.

In fact, both the media and Bush's statements are alarmingly similar in both instances.

NYT, September 19, 2002:

President Bush asked Congress today for sweeping authority to use "all means he determines to be appropriate, including force" to disarm Iraq and dislodge Saddam Hussein, and warned: "If the United Nations Security Council won't deal with the problem, the United States and some of our friends will."

"If you want to keep the peace, you've got to have the authorization to use force," Mr. Bush told reporters

LAT, September 21, 2008:

The Bush administration this morning formally asked Congress to grant sweeping new powers to the Treasury secretary to buy as much as $700 billion in deeply troubled mortgage-related assets as part of a herculean effort to clean up Wall Street's financial crisis.

"This is a big package, because it was a big problem," Bush said in the Oval Office as he met today with the president of Colombia. "I will tell our citizens and continue to remind them that the risk of doing nothing far outweighs the risk of the package, and that, over time, we're going to get a lot of the money back."

Our only hope is that Congress will deliberate much more diligently this time around. Perhaps the House and the Senate will take more than the week it took them to decide to go to war. While I am not arguing for endless political wrangling with no resolution, I believe that a lengthy debate over the necessity of forking over 700 billion tax payer dollars is more than warranted in this troubled time.

Tags: $700 billion bailout, bush administration, Congress, Iraq War, Joint Resolution (all tags)

Comments

2 Comments

The problem is

that if credit dries up while Congress decides on a package the damage will be done.  They need to move prudently but quickly.

by JJE 2008-09-23 08:24PM | 0 recs
That should be a no brainer

Let's see, they lied us into Iraq, lied us into FISA, insisted Iraq set the withdrawal time frame for political expedience, let New Orleans drown, now our latest scandal, financial crisis at a optimum and delicate time...hmmm.  Me thinks we better look at this real carefully and see what Rove's true intentions are...this is definitely a trap that can bite if not handled with extreme care.

by netgui68 2008-09-24 06:24AM | 0 recs

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