Former president says bailout plant is faulty

[AlphaCentauri]

Source: AP

The Bush administration's $700 billion plan to bail out the financial industry is "extremely faulty," Former President Jimmy Carter said at a Tuesday night town hall-style meeting.

Carter said he believes action is necessary but is skeptical of Treasury Secretary Henry Paulson's current plan.

"It's only three pages of outline. It gives him dictatorial power with no supervision," Carter said.

Carter told the audience the $700 billion bailout figure amounts to "$10,000 for every family in America."

"I believe that the proposal put forth by Mr. Paulson is extremely faulty," Carter said.

Before a sold-out crowd of enthusiastic supporters and guests, Carter and wife Rosalynn Carter outlined Carter Center initiatives and answered questions at their annual town hall meeting.



Read more: http://www.macon.com/220/story/472294.html

[Cresent City Kid]

1. That's what gets me

They only have time to slap 3 pages together in haste, but made sure to get in the part about blocking oversight.

[bronco214]

2. Carter

He's a man who has truly tried to walk Christ's path and no
rethug will listen to anything he says. Does HW go and pound
nails for Habitat? Rude has a good post up about what is now.

[LiberalFighter]

3. plant? I checked the source and didn't fine a plant.