Is bush's $700 billion bailout demand a Patriot Act-style power grab approved

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by Congress without debate? "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.

http://agonist.org/node/54330/167575#comment-167575

"What Sec. Paulson wants you to believe is that catastrophe is approaching, but it can be averted if only Congress acts urgently to give him the extraordinary authority he is requesting. The implication is if you don't give him $700 billion in borrowing authority within a week, markets will collapse and it will be all your fault.

"We've seen this drill before, with the Patriot Act and with the Iraq War authorization. The scare tactics, the urgency, the implied threat of blame for any failure - this is what the Bush administration does. Some of you in the Senate were able to stand up to this pressure, and that type of strength is desperately needed now.

"Paulson is basically rolling you and the rest of Congress into giving him unprecedented power to protect his friends on Wall Street. This decision you are making is probably as momentous as the Iraq War resolution. Don't fall for this bailout disguised as the only way to prevent Armageddon.
 
It's not a power grab it's a money grab.

Now that the Repubs have lined up another $700+ Billion of taxpayer money to bail out the CEOs and Execs in the Financial Markets it appears they’ve greased the palms of all the super wealthy supporters who got them into office. Big Pharma, with the Medicare Bill, Big Farm with continuation of the absurd Ethanol subsidies, Big Oil with the quadrupling of prices and coerced U.S. contracts in Iraq, War Profiteers with no bid rebuilding and mercenary contracts in Iraq, and for anyone they may have missed, huge tax cuts. They’ve looted our treasury, squeezed the middle class dry and damaged our future for generations. Mission accomplished, just weeks before the Dems take over to clean up their mess, again.
 
Whatever happens, get ready for $5 bread - you think inflation is bad right now???
 
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