Will Grigg?s Liberty Minute

November 19, 2008

It?s appropriate that the acronym for the federal program to bail out troubled banks and other financial institutions is TARP, for Troubled Asset Relief Program.

Those who administer that program refuse to account for trillions of dollars in emergency loans issued in the name of the American taxpayers.

Officials in charge of the bailouts maintain that they owe no accounting of any kind to Congress or the public at large. Indeed, this arrangement is actually specified in the text of the measure itself.

After initially rejecting the bailout measure, Congress had several days to study the legislation and modify it to permit Congressional oversight and accountability. Rather than doing so, Congress plumped up the bill with pork projects to make it more palatable to holdouts.

Thanks to Congress, the same TARP measure that shields corrupt crony deals involving trillions of dollars may serve as the burial shroud for the American Middle Class.

Let us take back the liberty wherewith Christ has made us free.