Stealing our hard-earned money

The Bush Administration is pushing for the United States taxpayers to bail out the financial industry to the tune of $700 billion dollars. To put that into perspective, that is $2,333 from every man, woman, and child in the United States. In addition, the Administration wants the taxpayers to hand the money over to the Fed and Treasury with no strings attached, although they are reluctantly willing to allow an oversight board with no real teeth. The Administration wants the bill passed as soon as possible, and if it is not, President Bush warned that "banks could fail", people would not be able to "send your children to college", and "millions of Americans could lose their jobs".

Given that the fundamental problem with the economy is a lack of confidence in it, isn't it interesting that Mr. Bush is publicly undermining it? In watching his address to the country, he appeared to be a bit like a used car dealer, "Buy now! The deal could disappear tomorrow! Doom if you don't!" Do we really trust the Bush Administration to administer $700 billion dollars with no oversight?