Comments on: Bush to Pass the Buck on Bailout Decisions http://www.businesspundit.com/bush-to-pass-the-buck-on-bailout-decisions/ Entrepreneurship, Startup Companies and Business Philosophy Fri, 20 Nov 2009 20:31:15 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Lela Davidson http://www.businesspundit.com/bush-to-pass-the-buck-on-bailout-decisions/comment-page-1/#comment-10562 Lela Davidson Wed, 19 Nov 2008 01:52:35 +0000 http://www.businesspundit.com/bush-to-pass-the-buck-on-bailout-decisions/#comment-10562 Ted, that sounds great. Are you saying you don't think the money will ultimately be spent? Ted, that sounds great. Are you saying you don’t think the money will ultimately be spent?

]]> By: Matt Stigall http://www.businesspundit.com/bush-to-pass-the-buck-on-bailout-decisions/comment-page-1/#comment-10561 Matt Stigall Tue, 18 Nov 2008 20:57:02 +0000 http://www.businesspundit.com/bush-to-pass-the-buck-on-bailout-decisions/#comment-10561 I'm pretty sure the split 350 billion dollar (with congressional approval) was a Congress idea, simply because the democrats didn't want to give bush 700 billion dollars immediately and the republicans at least wanted a chance to limit the size of the package. Truth is, it was just a power grab by congress to be used as a bargaining chip later. Congress now has control over 350 billion dollars for the 'soooo important' financial bailout package. That's a lot of power. Honestly, though. Take a step back and look at the situation. I'm not a fan of the Bush administration but not EVERYTHING is their fault. I actually like the split, one person in charge of 700 billion dollars is a little too much power for my liking. I’m pretty sure the split 350 billion dollar (with congressional approval) was a Congress idea, simply because the democrats didn’t want to give bush 700 billion dollars immediately and the republicans at least wanted a chance to limit the size of the package.

Truth is, it was just a power grab by congress to be used as a bargaining chip later. Congress now has control over 350 billion dollars for the ’soooo important’ financial bailout package.

That’s a lot of power.

Honestly, though. Take a step back and look at the situation. I’m not a fan of the Bush administration but not EVERYTHING is their fault.

I actually like the split, one person in charge of 700 billion dollars is a little too much power for my liking.

]]> By: Ted Murphy http://www.businesspundit.com/bush-to-pass-the-buck-on-bailout-decisions/comment-page-1/#comment-10560 Ted Murphy Tue, 18 Nov 2008 20:52:39 +0000 http://www.businesspundit.com/bush-to-pass-the-buck-on-bailout-decisions/#comment-10560 Passing the buck in a negative way? No -- the truth is straightforward. The $700 b was raised to ease counter-party risk and get the financial system working again (ie get the financial participants to trust each other enough to trade amongst themselves). That has happened. Any more expenditures would be for reasons other than the money was raised. Its that simple. Passing the buck in a negative way? No — the truth is straightforward. The $700 b was raised to ease counter-party risk and get the financial system working again (ie get the financial participants to trust each other enough to trade amongst themselves). That has happened. Any more expenditures would be for reasons other than the money was raised. Its that simple.

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