McCain's $1 Trillion bailout WITHOUT Congress approval

[Von Tonner]

Originally Posted by Konovalov

Hence why they are now labelling it as a "rescue package" and not a bail out.

The point is not what you want to call it. McCain's latest proposal is to by pass Congress all together and let the Treasury 'bail' out 'rescue' (take your pick at name) wall street WITHOUT Congressional approval. We are not talking small change here. I find it incredible that someone like McCain can even suggest spending this amount of money without the approval from the citizenry via their elected representatives. Isn't that a cornerstone of democracy - you tax me but I have a say how you spend it.