http://www.washingtonpost.com/wp-dyn/content/article/2009/01/09/AR2009010902846.html
Looks like the Bush admin is going to be helping out Obama and do the request for the second half of the TARP funds this week. Democrats in Congress had been talking about putting together a bill to require more stringent oversight, plug some loopholes in the original authorization in areas like CEO pay, etc. But now that the request is coming through they pretty much have to either allow it or pass a resolution denying the funds. If they do that, then either Bush or Obama would probably veto it. This has lead to a situation where we've got people like Barney Frank saying, well, you know, its Obama, not Bush, so he's got good guys and good intentions. We won't need the oversight because he'll do the right thing. I call bullshit. I don't care if the President is Bush or Obama. I want strict controls over how and when the money is spent. That's a giant amount of money and I don't think any president should have free reign on it. Congress should pass a bill requiring meaningful oversight because that is their job. I'd love to see them actually do it now and then. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:284659 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
