Iowa Life

When President Bush tried to get Congress to write him basically a blank check for $700 billion dollars to bail out Wall Street, Congress said no and went back to the table and it appeared that Congress was satisfied with the introduction of caps on executives pay concerning the bailout and that there would be oversight on these companies benefiting from the bailout. However Bush tried to sneak one by. The ones on the oversight committee would all be Bush appointees, not a single elected official or member of Congress. If this got passed it would be the same as having no cap on the executives, allowing Bush to dictate all of the businesses basically because none of the appointees would go against him, because ultimately he could fire them for no reason, as that is the privilege of the President concerning appointed members, as was shown in the firing of the former Attorney General. Luckily, Congress caught this attempt by the President to manipulate the situation. Congress is not giving up and I am sure a bailout will pass, maybe not to the likings of the President. According to the Constitution, judicial powers are not to be given to the executive branch, that is why we have checks and balances. And if this would have passed, it would have given Bush the power over the so called oversight committee, which simplified is giving the executive branch control over a judicial branch which would be against the United States Constitution. Bush has tried and tried to give the Executive branch all the powers of the government and bordered on the line with the passing of the Patriot Act, which was the beginning. The sooner the better to get this man out of office and stop him from ruining the Office of the President of the United States of America. He, is in my opinion, a disgrace to the office in which he currently holds! Too bad for Wall Street, but hey, they put themselves in that position to begin with! So take your lumps!

If you have no money to invest and are working day to day, you are among the safest people today!/mm