Posted by
Jared Masters on Tuesday, November 18, 2008 4:24:06 PM
With the 700 Billion Dollar Troubled Asset Relief Program having abandoned a vice "implement flawed strategy" for the versa "implementing a strategy that worked", mother nature gave a few brief glimpses of light snow in the D.C. area to show what life will really be like for hard working American families who may still lose their homes and jobs.
When Congress went through heated debate about the bailout then rescue plan in the first place, the monies were allocated for the specific purpose of keeping people in their homes, saving jobs and possibly providing liquidity for small business owners to stay in and start new businesses.
Now that the Federal Government owns stocks that can only be purchased by the affluent, Paulson says that he won't pressure Congress for the remaining allocations so that President Elect Obama and his administration can allocate it as they see fit.
So as the reminder of Thanksgiving and Christmas falls on the shoulders of American working families, the remainder of those funds that were already approved that needs attention is that Prez Elect Obama and Vp Biden are still sitting Senators that still have an obligatory duty to step up and fight for everything they promised on the campaign trail.
Furthermore, with the House and the Senate knowing that the Prez and Vp elect are going to go from the Legislative to the Executive Office in a couple months, there are many issues that didn't get done with H.R. 1424 and herein state as follows:
(2) to ensure that such authority and such facilities are used in a manner that--
(A) protects home values, college funds, retirement accounts, and life savings;
(B) preserves homeownership and promotes jobs and economic growth;
(C) maximizes overall returns to the taxpayers of the United States; and
(D) provides public accountability for the exercise of such authority.
Since that was the intended agenda, there's only one question left. What is stopping Congress from getting things done now?
The 57th Delegate...