This Is Reflection And Choice?

In Federalist #1, Alexander Hamilton famously wrote:

It has been       frequently remarked that it seems to have been reserved to the people of       this country, by their conduct and example, to decide the important       question, whether societies of men are really capable or not of       establishing good government from reflection and choice, or whether they       are forever destined to depend for their political constitutions on       accident and force.

As our Founders noted on numerous occasions, the problem of democratic legislatures is not that they act too slowly but that they act too quickly.  We need deliberation, not quick action, from our legislators.  The faster a legislature acts, the more it abandons reflection and real choice.

I confess to being sketchy on the details of the proposed $700 billion government bailout plan of investment bank.  But I did hear an adviser to the president on the radio today say that the president wanted a bill from Congress on his desk in a week.  I hope I am wrong, but this strikes me as foolish.  What we need is reflection and deliberate choice, not panic inspired bill that likely will create as many problems down the road as they solve today (see Sarbanes-Oxley).