Can we not give $700 billion to the liar?

Hey I have an idea for a bailout plan that would give me some confidence that we wouldn't be better off piling the money on and offshore barge and burning it. Don't give $700 billion the the guys who lies to Congress when he talks about how much he really really needs that money.

Paulson's "Give Me Money" Testimony: We gave you a simple, three-page legislative outline and I thought it would have been presumptuous for us on that outline to come up with an oversight mechanism. That’s the role of Congress, that’s something we’re going to work on together. So if any of you felt that I didn’t believe that we needed oversight: I believe we need oversight. We need oversight.

Paulson's "Give Me Money" plan: Section 8. Review: 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.

Just a bit of a refresher here Hank, what you described in your plan is the complete opposite of oversight. It in fact ensures no oversight. I'm sure that's just a mistake on your part, after all language can get muddled and proposals confusing when they hit lengths of two and a half pages. We probably read it wrong, there must be a heading about Section 8 that says "Things You Should Not Do Under Any Circumstances", it was probably just cropped off by some idiot teenager at Kinko's.

Or maybe you're just a colossal liar who wants to use this crisis as an excuse to dole out free billions to your buddies on Wall Street without anyone being able to stop you. You just weren't able to fearmonger the plan through before some junior aide was able to read the nearly three pages and say "Hey wait...." Then with your pants fully caught down you stammered your way through a speech where who tried to claim that of course you meant the opposite of what your plan states, how could anyone have thought differently?

But I don't want to be presumptuous.