September 20, 2008

Good Governance?

I don't care whether it's the local PTA, a community organization, your city council, or an international corporation, the decisions made in supposed times of crisis send deep, lasting messages to stakeholders and constituents that reverberate beyond the actual problem being solved.

These decisions send messages about core values, sound deliberations, trust and confidence, representative democracy, accountability, transparency, and much, much more.

So, consider that in light of the plan floated today to steady our financial infrastructure, a plan that:
  1. authorizes the Treasury Secretary to buy up to $700 billion of mortgage-relate assets;
  2. significantly raises the ceiling on our already obscene national debt; and most offensively requires that
  3. "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 administrative agency."
Can anyone say this is the embodiment of good governance, of sound democracy?  


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