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Patience!

Here’s a far-fetched proposal for members of Congress – prior to signing whatever variation of the ” astound”ing Bailout Bill makes it way through – each member must take a lie-detector test affirming that he or she has actually read the bill. … If we cannot expect our representatives to read the bills on which they are voting, we certainly cannot expect them to read the blogs asking them to think (twice) before voting.

Here's a far-fetched proposal for members of Congress - prior to signing whatever variation of the " astound"ing Bailout Bill makes it way through - each member must take a lie-detector test affirming that he or she has actually read the bill. ... If we cannot expect our representatives to read the bills on which they are voting, we certainly cannot expect them to read the blogs asking them to think (twice) before voting.

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Mortgage Bailout

While related to real estate only in the sense that the Bailout affects virtually every aspect of our economy and society …

What would your clients do if you never looked at one comp before advising them on how to price their home? Or how much to offer? Or never read the contracts you were advising them on signing?

Here’s a far-fetched proposal for members of Congress – prior to signing whatever variation of the “astound”ing Bailout Bill makes it way through – each member must take a lie-detector test affirming that he or she has actually read the bill. Is it even possible to read a comprehensive bill in under 24 hours, much less research, vet and understand it?

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Take the time to read the bills, learn about them, mark the bills up – particularly the section of the Treasury’s proposal that grants this authority

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.

Find out who your Senators and Representatives are – and then contact them. Tell them that you are watching.

Writing about this stuff on blogs is one part of the equation. If we cannot expect our representatives to read the bills on which they are voting, we certainly cannot expect them to read the blogs asking them to think (twice) before voting.

Related reading:

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13 Questions for Paulson & Bernanke

Written By

Dad, Husband, Charlottesville Realtor, real estate Blogger, occasional speaker - Inman Connects, NAR Conferences - based in Charlottesville, Virginia. A native Virginian, I graduated from VMI in 1998, am a third generation Realtor (since 2001) and have been "publishing" as a real estate blogger since January 2005. I've chosen to get involved in Realtor Associations on the local, state & national levels, having served on the NAR's RPR & MLS groups. Find me in Charlottesville, Crozet and Twitter.

8 Comments

8 Comments

  1. Mack

    September 23, 2008 at 1:35 pm

    When I first saw the title of this article the thought that came to mind was of the old poster where two vultures were sitting on a tree limb and one proclaimed to the other “Patience My Ass, I’m Going To Kill Something”. I certainly hope that our elected officials read and understand this bill before voting it into law. If they don’t then “Patience My Ass, I’m Voting to Remove Then From Office in November.

  2. Laura Cannon

    September 23, 2008 at 1:40 pm

    Hi Jim, -thanks for your post. This is a very important topic. And, yes, blogging about it is part of the process that makes our nation take notice. I haven’t decided what I think about the bailout yet. I know I don’t like it, and I know it feels wrong and unjust. It is confusing, however, because all the economists seem to think it is an absolute necessity. What are we to do?

    I think examining the issues and reading the fine print is a great first step. I am glad you made that powerful point.

    I just posted an editorial on my blog this morning on the same topic. I would love to have your thoughts. Please take a look and feel free to comment.

  3. Steve Simon

    September 23, 2008 at 2:24 pm

    I was in an elected office for a period of eight years. I would say this to you after seeing a few hundred other elected officials in action:
    More than half do not read anything that they are about to vote on.
    The half that do read you can cut in half again, those who understood and those that did not.
    Those that did not understand, their vote is a guess; or worse an extention of a special interest’s request.
    Those that did understand, cut that in half again, split them into those that will do what is right, and for the the other half see the last half of the prior sentence…
    The result is a very small portion ever make an informed clean decision…
    Been there.
    Just my thoughts:)

  4. Vicki Moore

    September 23, 2008 at 3:26 pm

    Steve – That was my fear – now confirmed. Crap.

  5. Jim Duncan

    September 23, 2008 at 3:36 pm

    Steve –

    Who are the two who make the informed decisions? Seriously, I think I preferred my ignorance to the knowledge you’ve shared.

    Mack –

    I honestly don’t know what good voting does anymore.

    Laura –

    Thanks for the comment – I’ll take a look.

  6. Linsey

    October 2, 2008 at 12:39 am

    It’s alarming when you think about it. As of today, October 1st, they’ve passed a bill that started with 3 pages and ended at over 450 pages. It included stipulations about the bailout, tax cuts, mental health coverage, and my appointment at the hairdresser next week.

    I’m not saying that there weren’t valid things included but we are talking about an economic crisis here – not all this other stuff they’ve been trying to get passed. The sad thing – no – they didn’t read it. It’s hearsay and partisan maneuvering. It we weren’t going to seriously have our representatives analyze it, then why all this drama in the last few days. Do these folks know what they are doing or is it just groupthink?

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