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	<title>Matt&#039;s Musings &#187; taxpayers</title>
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		<title>Federal Bailout? I&#8217;m Absolutely Opposed To It!</title>
		<link>http://www.matthewkeegan.com/2008/09/23/federal-bailout-im-absolutely-opposed-to-it/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=federal-bailout-im-absolutely-opposed-to-it</link>
		<comments>http://www.matthewkeegan.com/2008/09/23/federal-bailout-im-absolutely-opposed-to-it/#comments</comments>
		<pubDate>Tue, 23 Sep 2008 15:15:52 +0000</pubDate>
		<dc:creator>Matthew C. Keegan</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[bail out]]></category>
		<category><![CDATA[federal government]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[mortgage-related assets]]></category>
		<category><![CDATA[Paulson]]></category>
		<category><![CDATA[taxes]]></category>
		<category><![CDATA[taxpayers]]></category>

		<guid isPermaLink="false">http://www.matthewkeegan.com/?p=147</guid>
		<description><![CDATA[Good thing I wasn&#8217;t drinking my coffee this morning when I was reading an article on the Huffington Post about the $700 billion federal bail out. I&#8217;m not sure what would have made me ill first: the clause in the bill that had me questioning the bail out provisions, as in above court reproach, or [...]]]></description>
			<content:encoded><![CDATA[<p>Good thing I wasn&#8217;t drinking my coffee this morning when I was reading an article on the <strong><a title="Huffington Post" href="http://www.huffingtonpost.com/howard-schweber/paulsons-plan---annotated_b_128416.html">Huffington Post</a></strong> about the $700 billion federal bail out. I&#8217;m not sure what would have made me ill first: the clause in the bill that had me questioning the bail out <img src="http://www.matthewkeegan.com/images/congress.jpg" alt="U.S. Congress" hspace="12" vspace="12" align="right" />provisions, as in <span style="text-decoration: underline;">above court reproach</span>, or that I finally found an area of commonality with HuffPo. Scary stuff!</p>
<p>Regardless, I think the proposed bail out smells and I&#8217;m blaming the Bush Administration, members of Congress, and various other government appointees with trying to pull a fast one on American taxpayers.</p>
<h3><span style="color: #ff0000;">Check Out Section 8</span></h3>
<p>Specific to my angst is a thirty-two word sentence that has gotten me and tens of thousands of other people steamed:</p>
<blockquote><p>Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.</p></blockquote>
<p>Right. Taxpayers are going to give the federal government the right to do as they please with our money and without any accountability. <strong>Talk about a power grab!</strong></p>
<h3><span style="color: #ff0000;">Politicians Hope That We&#8217;re Not Paying Attention</span></h3>
<p>And, you&#8217;re hearing this from someone who is a conservative, a person who doesn&#8217;t buy into so many of the conspiracy theories that have been hatched by the left over the past seven years. Frankly, I&#8217;m tired of people blaming Bush alone for our country&#8217;s problems when it is clear that both Republicans and Democrats have been asleep at the switch. Divide and conquer us and they&#8217;ll be able to pass *anything* while we bicker&#8230;our future is on the line! What a bunch of self serving elitists.</p>
<p>Now, I could have simply posted this article, told a few friends, and left it at that. Instead, I called up my local house representative, Brad Miller, and left a message with his office that I&#8217;m against the bail out. I didn&#8217;t mention that I&#8217;m against certain provisions, rather I&#8217;m against the entire thing.</p>
<p>And why is that? Well, if you&#8217;ve mismanaged your business then you and your shareholders should take responsibility for what you&#8217;ve done. When I learn that every man, woman, and child&#8217;s share of this new burden is $5000 a piece, you better believe that I want to have some say in how (or if) these funds (taxes) are to be used.</p>
<h3><span style="color: #ff0000;">Call Your Congressional Representative</span></h3>
<p>If you want to voice your opinion about the goings on with the bail out, why not call your congressional representative and give him/her a piece of your mind? I was polite and simply gave my name when asked, but I made it clear that I opposed the bail out.  The entire call took less than two minutes and I was back at my keyboard in a flash.</p>
<p>A lot of people aren&#8217;t sure who their representative is, but you can find that information out by filling out <strong><a title="US Congress" href="https://forms.house.gov/wyr/welcome.shtml">this form</a></strong> which will take you to your congressman&#8217;s site.</p>
<p>Do it today!</p>
<h3><span style="color: #ff0000;">Further Reading</span></h3>
<p><a href="http://ap.google.com/article/ALeqM5ioHc80xKMiATnqCpK0cDKJzk_nPQD93CF8TO0">Bernanke and Paulson: Congress must move now</a> (Associated Press)</p>
<p><a title="FoxNews" href="http://www.foxnews.com/story/0,2933,426232,00.html">Cheney, Paulson Head to Hill to Soothe Lawmakers on Bailout</a> (FoxNews)</p>
<p><a href="http://www.nytimes.com/2008/09/21/business/21draftcnd.html">Text of Draft Proposal for Bailout Plan</a> (The New York Times)</p>
<p><a title="Voice of America" href="http://voanews.com/english/2008-09-23-voa8.cfm">Volatile Markets Pressure US Lawmakers on Emergency Financial Plan </a></p>
<p>Photo Credit: <a href="http://www.sxc.hu/profile/slonecker">Michael Slonecker</a></p>
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