President Bush, through Secretary Paulson, have asked for a massive bailout package with minimal oversight and no protection for taxpayers. Sen. Obama has now come back with a response that while imperfect and insufficient, makes clear that any plan must include independent accountability and oversight, some ability for taxpayers to recoup their investment, and more. Speaker Pelosi is making similar sounds, while congressional Republicans are asking for a ‘clean’ bill without oversight or taxpayer protection provisions.
Has John McCain done or said anything so far beside ask for advice from former Sen. Phil Gramm, the guy more singly responsible for creating the mess than anyone else? Which side is he on?
