Bailout Monitor Sees Lack of a Coherent Plan

[elleng]

Source: NYT

'The head of a new Congressional panel set up to monitor the gigantic federal bailout says the government still does not seem to have a coherent strategy for easing the financial crisis, despite the billions it has already spent in that effort.

Elizabeth Warren, the chairwoman of the oversight panel, said in an interview Monday that the government instead seemed to be lurching from one tactic to the next without clarifying how each step fits into an overall plan.

“You can’t just say, ‘Credit isn’t moving through the system,’ ” she said in her first public comments since being named to the panel. “You have to ask why.”'




Read more: http://www.nytimes.com/2008/12/02/business/02tarp.html

[SpiralHawk]

1. Typical republicon Fail Freakery

Ptoooey on republicons so-called 'conservativism' - just another pack of freaking propaganda from the party of greed and corruption.

[Tansy_Gold]

2. SO STOP THROWING THE MONEY AT THEM UNTIL YOU DO!

I mean, how hard is that?

Sheesh!





Tansy Gold, with a VERY bad attitude after 3 hours of sleep

[tclambert]

3. Wait, are they saying our dear leader went into a massive operation without thoroughly planning it?

Surely they are joking. George W. Bush wouldn't do that. He's all about the meticulous planning, the careful follow through, and, of course, the strict accountability. That's what his legacy will be famous for down through all history.

Did that break your sarcasm detector?

[mac56]

4. (tap-tap-tap) taps side of sarcasm detector (tap-tap-tap)

The needle seems to be pegged...

Ahh! there we got it...

DING DING DING We have a winner!

:thumbsup:

[Romulox]

5. At least the Congressional Dems didn't follow our Dear Leader blindly this time...oh wait. nt

[MannyGoldstein]

6. Algorithm Here:

1. Get as much money from Congress by making stuff up.
2. Give to friends.

[pattmarty]

7. Well with Bush as the titular head of said plan, what the fuck can you expect???