According to Dana Perino, White House Press Secretary, no matter what rescue plan Congress gives him to sign, he "would look to his Secretary of the Treasury and Ben Bernanke, the Fed Chairman, ..." and ask them if this plan will save our economy.
Wow, so even if 20% of the plan's profits would go to ACORN, the massive corrupt leftist got-out-the-vote-for-Obama group, the President is going to sign it because Hank Paulson gives the thumbs up?? So who is this unelected man that the President has granted authority over $700 billion of our money?
I count myself among the better informed. However, I did not know Hank Paulson was a Democrat, born in Palm Beach and raised in Bloomington Hills, a wealthy suburb of Chicago. I have nothing against common folk from Chicago but after looking into Barack Obama's background, I have some concerns about a few of Chicago's power players.
Let's take a quick review of the more famous Chicago Democrats:
- Jeremiah Wright - former pastor of a hugely influential Chicago church where a pastor can say “God Dam* America” (to thunderous applause), and return the next Sunday.
- Tony Rezco - convicted felon that Obama helped get $100 million in grants, loans and tax credits for 11 buildings in Obama’s district that are now boarded up.
- Bill Ayers - former terrorist who helped to bomb NY Police HQ, the Pentagon and the Capitol. In 1969, Ayers participated in planting a bomb at a statue dedicated to police casualties in the 1886 Haymarket Riot. When Obama launched his first campaign for elected office - he held the event in Ayers' home in Chicago. As alarming as that is, even more alarming is Ayer’s influence on our kids education - 26 education books published…so far!.
- Madeleine Talbot - Stanley Kurtz called ACORN "the most politically radical large-scale activist group in the country", Chicago ACORN it's most radical chapter, and Talbot their leader in the late 1990s who invited Obama to train her staff. In 1997, as an example of ACORN's "direct action" tactics, Talbot was led away in handcuffs after she led 200 Acorn protesters to storm the Chicago City Council session by pushing over the metal detectors and pushing back police.
In addition, it turns out that ACORN had a remarkable role, with help from Congressional Democrats like Chris Dodd and Barney Frank, in creating the toxic paper that our financial markets are now choking on.
So, do I trust an unelected Democrat from Chicago to run the largest rescue plan in history?
Section 8 of Paulson’s plan states: “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.” No review by a court of law or administrative agency? So Paulson has arranged it so I can't even "trust but verify". No thanks.
We haven't even talked about Paulson's conflicts of interest given that Paulson was Chairman and CEO, after 32 years, at Goldman Sachs - which happens to be the last independent investment bank standing. It's been reported that "unlike the previous bailouts and managed liquidations of Goldman competitors Bear Stearns, Merrill Lynch and Lehman...in which shareholder value was largely wiped out, Goldman's stock could rise under the Paulson plan..."
Lastly, thank God, are the recent reports that many of Paulson's former executives at Goldman are "bundlers" for Obama's campaign - going so far as to email Obama's campaign manager details of the "private" discussions between the Secretary and House Republicans.
THAT'S IT!
Paulson must resign, along with the leading Democrats pushing the toxic paper that crippled the world's financial markets.
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