Here's why I reluctantly support the bailout: Barack Hussein Obama.

My first feeling was shared by many here -- that this was a Chicken Little story -- "the sky is falling, the sky is falling" -- just like the lead-up to the Iraq war. And Paulsen's plan was such a clear power-grab, I think we were all justified in feeling this way.

But some cooler heads than ours have prevailed, and at the top of the list, IMHO, is Barack Obama. He advocated significant changes to the plan, and those have -- according to Obama this morning -- all been incorporated into the new proposal (bringing it from 3 pages to more than 100 pages).

So I've decided to trust Obama. I don't think he would be backing the plan out of ignorance or any nefarious reasons. This "bailout" is going to hamstring his administration. He CANNOT be happy about it. He's obviously decided that this is the best way out of a miserable situation. And, lacking any better choice, I'm going to trust him on this.

?

I can't believe that people might think it is an insult for a Democrat to proudly use his full name.

with right wingers.

I can't wait till we can fling that name into their faces.

It's a sign of our growing maturity as a country.

I haven't seen the maturity at the polls yet!

Where I live, the name Hussein is not considered an insult.

Not before.

To act as if we're ashamed of it?

I just remember Hannity, BillO and the rest of that ilk going out of their way to use his middle name while people on DU flipped out that they were trying to promote the false equality of Obama = Saddam & Barack = Muslim.

:shrug:

I was just pointing out what the reaction was here on DU in the recent past.

So brace yourself.

I can't wait :D

But during the primaries, it was considered a RW tactic and only people like Hannity and BillO would go out of their way to use his middle name - for obvious "effect" reasons.

One day most Americans will associate it more with Barack Obama than with a far-off, long-dead dictator, who never attacked a single American.

I'm reading the proposal but it's going to take a while.

I like this much. I searched for this before reading the rest. If this had not been included, I would not have needed to read further. But at least we got this important change. I don't trust anyone who thinks he or she should be above the law. I don't trust Paulson and this provision gives me the hope that he won't be able to abuse his powers under the bill.

Section 119. Judicial Review and Related Matters.
Provides standards for judicial review, including injunctive and other relief, to ensure
that the actions of the Secretary are not arbitrary, capricious, or not in accordance with
law.

http://banking.senate.gov/public/_files/SECTIONBYSECTIONANALYSISOFTHELEGISLATION.pdf

can determine what he thinks is "applicable" to disclose.

See Section 114(b). The ultimate authority on what to disclose from each deal isn't transparent at all and lays solely on the Secretary of the Treasury. So Judicial review only gets to see part of the picture, not the full one.

...to make decisions if it passes this bill, instead of taking the time to make those decisions itself.

kinda how I feel. Things are a changing, I hope anway

...but he's in a different position from us in which he may want to show his willingness to work with Republicans to attract swing voters.

Obama voting for the bill doesn't mean that those of us who have seen Bush tell Congress-Rush! It's a crisis!- again and again are mistaken to say that Congress should slow down and study the issue for months.

Dems made a big mistake. They just bought a billion dollars worth of bad paper.

thanks. even if i still fear that he's being conned as well. i trust him more than most.

I trust his judgment more than that of any other Democrat, because he's earned that right to lead us.