Thursday, September 25, 2008
Opposing the bailout plan — "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.”We don’t allow this kind of free agency from elected officials, let alone political appointees. Not even in his role of Commander-in-Chief does a President have a mandate that is completely unreviewable. Henry Paulson may or may not be the most brilliant thinker in high finance, but even if he was, why would Americans want to give him literally a carte blanche with the equivalent of one-third of our annual budget? With no review possible?It’s absurd, and at its heart, it’s un-American, in the sense that America exists precisely because of our desire to rein in government and make it accountable to the people. We gave up on the monarchy in 1776. We certainly didn’t do that to trade in King George for Czar Henry. Only in a panic, in which Congressional leadership abdicates its role to keep executive power in check, would any American Congress agree to surrender its Constitutional mandate for oversight. Every person in the united states should be outraged by this pathetic display of herd mentality as their congressional leaders are stampeded into handing over the authority to regulate the countries monetary policies.Many of the people from the southern states and indeed all the states are becoming increasingly dismayed and disillusioned with the cumbersome, un-responsive,and overbearing central government. It will not take much more before these social fissures grow into well defined fault lines.But, then of course, that is what the revolution of 1776 was all about. GLENN NUNLEY.