Monday, September 22, 2008

More On the Bailout

Yuval Levin wonders if Washington has lost its collective mind, citing this passage from the recent bailout legislation:

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Keep in mind that this bill proposes to give the Treasury Secretary unlimited (and largely unguided) authority to spend $700B on . . . something. Not very reassuring . . .

Newt Gingrich also weighs in.

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