It would seem after almost eight years, congress has finally found itself. Enduring a decade of panic stricken "just do what I say" bullying, the house of representatives have finally said no to their abusive relationship. With the vote of 228-205, 133 Republicans and 95 democrats sent the message, that as a president who has abused every olive branch of trust, a 700 billion dollar grand finale would not be handed over so easily. Finally.

Looking at George's record, it would seem the Bush Administration has been determined to lead this economic crisis by example. The war in Iraq has resulted in the borrowing or spending of over three trillion dollars with no clear plan to pay it back or a definition of ROI. Eight billion dollars in reconstruction money was 'misplaced', and money that was delivered for products and services appear to be festered with overcharging, mis-billing, and favoritism . Hurricane Katrina wasn't a shining light of money and personnel management either.

Now after all this, George W. Bush is asking "The American Bank of Tax Payers" for a loan. Looking at his credentials, he doesn't really seem like a someone you would want to loan too. His FICO score isn't very good. His argument is that much like the mortgage companies who are currently collapsing, to keep this party going we're going to have to loan to some bad customers. Maybe we can cut up this 700 Billion dollar loan and divvy it out in a creative way? He says he'll tell you the creative way after you give him the money. What do you think, should we give him the money? He also tells you he is learning from his mistakes. Just look at the terms that he's looking for.

Sec. 8. Review.

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.

Exempting himself before he commits crimes as opposed to after should count for something. This new plan has solid improvement though. The FDIC limit increases to $250,000, something that should have been included in the first bill. Ideally this limit should be higher, somewhere around $1,000,000 would be nice. This would protect small businesses much more thouroughly. As well, those that losing their jobs will have a much deeper potential of savings if their bank collapses. Subsequently, those who were sane during "mortgagepalooza 2008" will not be on the street for a while.

Potential improvements/problems with this bill still exist. Giving the President a blank check with no oversight, practically guarantees the money will be given to those who are closest to the President and not necessarily those who would benefit the economy most. The odds that some of this money will go to buying securities from George's friends in order to bail them out directly as opposed buying economy driving assets are probably pretty high.

Fundamentally, there are merits to the idea, we do need to get money into the economy. Significant problems faced in the Great Depression included increased interest rates, credit dried up, and the result of which, essentially, we ended up with alot of people who wanted to work, but there were not enough dollars in the system to pay people. So its like have 5 guys and 1 dollar and all services cost a dollar. You have 5 people who can work, just only one person can work at a time though because the exchange of labor is limited by that dollar. So only one person works. They get the dollar and spend it on the next person, etc, etc. So, artificially, in this case there is 80% unemployment. This is an extreme example, but eventually an inefficient, barter driven economy would emerge out of all this until the money supply is trusted and expanded.

If seven hundred billion dollars is spent as is characteristic of the Bush Administration, there is a good chance that money will not be spent effectively and that congress will have to release another 700 Billion in the near future. A committee of congressional approved economists should really be setup, much in the same way the supreme court is decided. Let them work out a plan with a 700 billion dollar cap, a plan which can then can then be approved by congress for enactment.

• Bailout
• Bush
• Blank
• Check
• 700
• Billion
• FDIC