Bush’s Legacy Of Squandering Taxpayer Money | WHAT REALLY HAPPENED


Bush’s Legacy Of Squandering Taxpayer Money

Yesterday, President Bush announced his $700 billion plan to buy out troubled financial institutions. Demanding enormous faith in his administration’s stewardship, the plan “would place no restrictions on the administration other than requiring semiannual reports to Congress, granting the Treasury secretary unprecedented power to buy and resell mortgage debt,” and to hire outside firms “to help manage its purchases.” Further, the proposal provides no oversight mechanism.

Bush is demanding unprecedented control over billions of dollars — with no oversight. His history of mismanaging taxpayer dollars should make Americans skeptical of his buyout plan.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA