McCain-Republicans Massive Betrayal $700B Pork Barrel

Can you imagine that Bush now thinks we are stupid? Have you ever tried to get a loan from a bank to do ANYTHING? These people ask for everything except a DNA test to prove your ability to pay back and to hold as security in case you were to default.

But get this, Bush plans to buy out troubled financial institutions with $700 billion of our money (yours and mine) on enormous faith in his administration's stewardship. The only requirement is a semi-annual report to Congress that grants the Treasury Secretary unprecedented power to buy and resell mortgage debt and hire "outside firms", more pork barrel earmarks, to help manage its purchases with no oversight mechanism.

Can you imagine that Congress is supposed to sign off on this massive bail out with ONLY 3-PAGES of vague supporting documentation? This Act of Congress would be non-reviewable, including by any court of law, by any administrative agency and committed to agency discretion.

No oversight, no oversight mechanism - haven't we suffered enough at the hands of this administration, now this political, man-made economic crisis that needs $700B of our money? To elect McCain-Palin is now adding insult to injury after billions of dollars have already been squandered on Iraq Reconstruction. Here are just a few:

$142 million wasted on projects canceled or terminated - July 28, 2008 (Special Inspector General for Iraq).

$180 million paid to Bechtel for projects that were never completed - July 25, 2007 (Federal Audit).

$5.1 billion for reconstruction charged without documentation - March 19, 2007 (Special Inspector General for Iraq Reconstruction report).

There's more waste on Katrina in 2006 and 2007 and up to this date, 75% of evacuees want to come home but they don't have a place to call home. When will these victims have access to the money that the Federal government doled out to FEMA?

Earmarks, pork barrel spending, call them what you will but can we trust Bush-McCain to do what's in our interest when they never have? How much evidence do you want to the contrary?

George W. Bush could go down in history as the President of Pork.

McCain's Pork Barrel Earmarks

Politics is indeed a sport, a blood sport and it is not for the faint at heart. Why do some politicians insist on saying things that they know they either don't believe or have no intention of ever implementing? Take John McCain, he loves to say the line that the first pork barrel earmark spending bill that comes across his desk, he will hall out his pen, veto it, make them famous and we will know their names.

If you take McCain at his word, he has now made the first earmark spender famous, Sarah Palin. As major and now governor of her state, Alaska she has received more earmarks per capita than any other state in the union. Alaska still do even today under its new major.

It would be more honest to say that small jurisdictions cannot support their infrastructure without money from the Federal government. So rather than saying that you will cut the earmarks cart-blanche, it would be in everyone's interest to work at reducing the amounts given and demand more fiscal responsibility.

Senator, McCain even highlighted some of Sarah Palin's earmarks but it seems he has another position on earmarks now. Perhaps, we can get him to tell us about his current position when he allows the next "scripted interview" with the press, hopefully before November 4th.