Tuesday, September 23, 2008

No blank checks for Bush

I'm glad to see that I'm not the only person who is dubious of Dubya's three page request for $700 billion.

Both John McCain and Barack Obama have condemned the notion of giving a "blank cheque" for the US treasury to buy up debt, and last night Democrats circulated a counterproposal that would impose far more limits on how the bailout would operate, including a crackdown on Wall Street salaries and a provision to route some of any government profits from the scheme into affordable housing schemes.|US elections briefing: Unity breaks out against Bush bailout - Guardian|

What's the worst that could happen if Congress gives Bush another blank check?

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