Smith would solve financial crisis for $350 billion

Wednesday, September 24th, 2008 - 9:41 pm PDT

As President Bush continues to urge Congress to act quickly on a proposed $700 billion taxpayer bail-out for Wall Street to avoid “a long and painful recession,” The Rev. Brendan Powell Smith today announced an intriguing alternate proposal, saying he would be willing to save the US economy for “half that price” while keeping all other terms of Treasury secretary Paulson’s plan the same–particularly the part about decisions on how to spend the money being “non-reviewable by any court of law or any administrative agency.” Smith urged Congress to act extremely impulsively on his proposal “without examining it too closely” and added that any hesitation on their part would make them culpable for the ensuing economic catastrophe that would see “a full breakdown of society and rampant cannibalism.”