Treasury Secretary Henry Paulson was hoping to pull a fast one and have his $700 Billion bailout package passed quickly and cleanly. Paulson and other’s in the Bush administration have tried to scare the public and congress into accepting this bailout by saying the situation is “dire” and that Congress MUST passed the bill NOW. This administration seems to bring out the fear card when they want something passed through congress as quick as possible, but many in congress and the American people are saying “Just wait a minute!” when it comes to this bailout.
Senators dug in their heels Tuesday, pushing back against dire warnings from the government’s top economic officials of recession, layoffs and lost homes if Congress doesn’t quickly approve the Bush administration’s $700 billion bailout plan.
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