The Bush Administration never meant to make Wall Street bankers responsible for the bailout money, now its obvious. The Bush Administration fell all over itself to convince the American taxpayers to hand over 3/4 of a trillion dollars to the crooked bankers, for what?
Will the Bush administration will go down in history as the absolute worst, most incompetent, grossly neglegent, presidential administration in history? I can’t see how it could otherwise.
http://www.msnbc.msn.com/id/28232631
Executive pay limits may prove toothless
Loophole in bailout provision leaves enforcement in doubt
WASHINGTON – Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that break the rules.
But at the last minute, the Bush administration insisted on a one-sentence change to the provision, congressional aides said. The change stipulated that the penalty would apply only to firms that received bailout funds by selling troubled assets to the government in an auction, which was the way the Treasury Department had said it planned to use the money.
Now, however, the small change looks more like a giant loophole, according to lawmakers and legal experts. In a reversal, the Bush administration has not used auctions for any of the $335 billion committed so far from the rescue package, nor does it plan to use them in the future. Lawmakers and legal experts say the change has effectively repealed the only enforcement mechanism in the law dealing with lavish pay for top executives.
Originally posted 2009-06-02 05:54:12.
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{ 11 comments… read them below or add one }
No, in my opinion he is not liberal.
No. The most liberal president would have to act like a liberal over his entire term as president, not just the last two years.
he’s pretty close. i was very dissapointed in his swing to the left
Only in his Monies policy. He sided with
Democrats way to often for the Conservatives to consider him a true Conservative, that is why McCain had so much trouble. McCain sided with the Democrats to many times in their liberal views and that is why America is in the financial crisis its in.
No no !
He is a President who did his best but made some terrible mistakes.
No, Bush was a far right as you could get.
He is a crook. A liar. A fool….and a war criminal.
But he is NOT a liberal…in ANY sense of the word.
Hahahaha! Some people’s stupidity knows no bounds. You Neoconservs are on here bashing liberals for disrespecting Bush and defending him like he’s the second coming or something now that it’s so prevalent that his entire two terms he amounted to being nothing but a dismal failure, you’re ready to throw’em to the left. Thanks, but NO THANKS! (gawd I hope I didn’t just sound like Palin) You Bush backers can keep’em. Value your mistakes cause they’re one of the things in life you’ll be able to truly call your own that no one want’s to share with you, he’s one of them.
Conservatives have no answer to the charge that bush is the worst president in recent memory. So the only way they can process that, is to call him a ‘liberal’.
Wait until he leaves office. You haven’t seen anything yet! God is shaking both heaven and earth and the evil doers will come crawling out of the woodwork. It is so easy for the Lord to expose evil that I stand in awe of His tactics.
We are promised – What can be shaken, will be shaken.
Keep your eyes on Israel who is planning to release 200 of the most vile and corrupt prisoners so they can appease Palestine, Hamas, Hezbollah, and get peace. Israel is crying Peace, Peace and there is no peace until Christ returns. God’s miracles in battle are being made known by the miraculous wins of Israel over 5 nations. Israel is being surrounded by their enemies and their enemies want one thing and that is the annihilation of Israel, then Europe and then America. Russia plans to fight also, but Russia will be pushed back to Siberia.
How easy it is for God to stop one huge nation. Russia could be stopped today with snow and they would think they were in Siberia. God’s words will not return void. God will fight for Israel to protect His name and not Israel’s name. It is a terrible thing to fall into the hands of the living God.