Cafferty File: Should Congress Freeze The Remaining Bailout Money?
By Heather Tuesday Nov 18, 2008 6:45am
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From The Cafferty File Nov. 17, 2008. David Sirota has more at Daily KOS.
Republican Senator Jim Inhofe from Oklahoma wants to put a “freeze” on the remaining cash in the big government bailout of the financial industry. In this week’s lame duck session, Inhofe plans to push for legislation that will require Treasury Secretary Henry Paulson’s plan for the remaining $350 billion in the bailout package to be voted on in Congress.
Despite promises from Congressional leaders that there would be both, there is absolutely no transparency or congressional oversight on where the first $290 billion has gone. Senator Inhofe suggests Paulson “may have given the money to his friends.”
Inhofe, who voted against the bailout package when it was originally passed, said in a letter to fellow lawmakers this weekend, “It is Congress’s duty to have a say in what happens with the remaining authorized amount of $350 billion. It is clear that it was a mistake to sign a blank check to one man for such a tremendous amount of money.”
Here’s my question to you: Should Congress freeze the remaining bailout money?

Jack is just as confused as I am as to why John McCain would rather hole himself up in Washington rather than make the case for his economic policy before millions of American voters. Well, when you have no substantive economic policy, it might not be a bad idea to run and hide.
Jack Cafferty injects some much needed sanity into the conversation as Gloria Borger and Michael Gerson seem to still be living in the 20th century, when John McCain used to be somewhat independent from the rest of the bottom-feeders in the Republican Party.
Jack Cafferty's 4 o'clock question Wednesday dealt with the interesting position John McCain finds himself in while he tries to play both sides of the fence on literally every issue in an attempt to secure the support of the dwindling GOP base, while at the same time trying to maintain his moderate, maverick image.
