McCain Proposes Additions to Bailout Plan
(CBS)
(FREELAND, MICH.) – John McCain outlined five provisions that he wanted to see added to the federal government's bailout plan today, but stopped short of saying he would vote against the legislation if his provisions are not adopted.
"We have got to get it right this time," McCain said of the proposed $700 billon plan to calm the financial turmoil. "I'm confident that these principles will be made part of the legislation."
Greater accountability, oversight, and transparency, as well as a ban on earmarks and "golden parachutes" for CEO's are the five provisions McCain wants to see added to the plan. But he also wanted to make sure no additional spending was added to the bill, including another stimulus package.
"This legislation should stand on its own," he said.
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It%u2019s been the Republican Rubber Stamp Congress (House and Senate) along with Richard Cheney as President that has seen deregulation scams repeated over, and over, from California Electricity to the New York Stock Exchange. (Not to mention billions pilfered by the private sector in Iraq)
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According to Republican President Ronald Reagan (angel music here) these are the 9 worst words in the English language. With what the United States has experienced under unfettered Conservatism, Corruption, and Deregulation the 9 worst words have become:
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