Damn, I hate anonymous sources. But in this case, the quote is simply too staggering and damning of the entire Paulson bailout plan to ignore. Forbes.com asked a Treasury Department spokeswoman on Tuesday about the origin of the (seemingly random) $700 billion figure. The answer:

It’s not based on any particular data point. We just wanted to choose a really large number.Unnamed U.S. Treasury Department Spokeswoman

I wrote a post about common sense last night and it is proving increasingly true. The minute I saw Paulson testifying in front of the Banking committee, I felt like I was back in the financing office when I bought my first car! “Just sign the contract and we’ll figure out the interest rate later,” said the nice man pushing the contract into my face. “I promise to get you the best rate I can.”

If you haven’t registered to vote, do so here or here or here.

I didn’t fall for it then and I’m not going to fall for it now. Neither should you!

If you haven’t actually taken a look at the proposed plan, it is worth seeing even though it is now (fingers crossed) totally impossible to pass. The only purpose for the Paulson plan is now clear: it was a smash and grab job where the loot was the U.S. treasury and the unitary power to control it. It was just like what happened following 9/11 when the PATRIOT act was crammed down the throat of each and every one of us. Look how well that worked out. In fact, just so we are all on the same page, Section 8, anyone?

Sec. 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.Henry Paulson
U.S. Secretary of the Treasury

The irony is not lost on me that the term “section 8” was/is used to refer to insanity in military parlance. The reports I’ve seen in the msm indicate that the public’s response to Congress has been 200:1 against the bailout. This speaks highly of the public’s ability to smell an obvious, appalling rat, but does not mean you, too, don’t have to write to your representative. Stop the insanity! Do us all a favor and write your congressional representatives!