I believe that the Fascists have engineered this crisis in order to implement an unprecedented economic power grab.
The calls by Democrats and others for oversight and a plan that serves and saves everyday people needs to be supported. If every voice is not raised, there will be unprecedented human suffering as the rich seize anything and everything they wish.
The powers that Bush and Paulson are asking to be granted to the treasury, unchecked by the Judiciary, are supposed to be held by Congress, NOT the Executive via a crony appointed by Bush. The risks are grave. Some are even calling this a subtle attempted economic coup to make Bush king for corporatist interests.
"Bush administration seeks 'dictatorial power unreviewable by the third branch of government, the courts' 20 Sep 2008 The Bush administration asked Congress for unchecked power to buy $700 billion in bad mortgage investments from U.S. financial companies in what would be an unprecedented government intrusion into the markets. The bill would bar courts from reviewing actions taken under its authority. "It sounds like [Treasury Secretary Henry] Paulson is asking to be a financial dictator, for a limited period of time,'' said historian John Steele Gordon, author... The Bush administration seeks "dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis,'' said Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington. [See: Brigade homeland tours start Oct. 1 for deployment during 'civil unrest,' 'horrific scenarios' 08 Sep 2008.]"
"William Greider | Paulson Bailout Plan a Historic Swindle
William Greider, The Nation: "Financial-market wise guys, who had been seized with fear, are suddenly drunk with hope. They are rallying explosively because they think they have successfully stampeded Washington into accepting the Wall Street Journal solution to the crisis: dump it all on the taxpayers. That is the meaning of the massive bailout Treasury Secretary Henry Paulson has shopped around Congress. It would relieve the major banks and investment firms of their mountainous rotten assets and make the public swallow their losses - many hundreds of billions, maybe much more. What's not to like if you are a financial titan threatened with extinction?"
There are more, I couldn't begin to list them all.
We have all seen what Bush does when granted power. He mis-manages in ways that harm and kill people he and his crowd do not like. He disappears people that speak out against his methods and policies. He threatens anyone and everyone that even hints at getting in his way. He has a family history of supporting fascism going back to his grandfather working with the Nazis. Note that the definition of fascism is corporate control of the government. The U.S. is inches away from this. Do we want the trans-national corporations to have control of the U.S. purse? I think not. Nothing Bush and the people around him have done have been for the common man, they have all been for various corporate interests that stand to gain everything while the rest of us lose everything, even our basic freedoms.
We would be far better off to see an independent commission - truly independent of industry or political party - filled with experts in both economics and social policy and overseen by Congress and the Courts running any economic relief efforts, rather than handing such duties over to a Bush appointee.
I would suggest an immediate call for submissions focussed upon this issue, while there are a few moments left to speak up.
Petitions such as this one pasted below should be immediately distributed to all US Citizens on all of our lists. If the People do not speak now, they may never have another chance.
Subject: No blank check for Wall Street.
Congress is on the brink of making a one-sided deal to give George W. Bush a blank check to bail out his pals - offering nearly (or perhaps more than) a trillion taxpayer dollars to Wall Street to cover its bad debts. That works out to somewhere between $2000 and $5000 from every American family. So what do the taxpayers get in return?
Nothing. No new regulation or oversight to help avoid this kind of crisis in the future. No public interest givebacks to help people whose homes are in the hands of the banks. Perhaps most shockingly of all, the taxpayers get absolutely no share in the profits if and when these finance giants bounce back, even though we are now assuming a great deal of the risk.
This is worse than a bad deal - this isn't a deal at all. This is a blank check to some of the richest companies in the world.
I just signed a petition calling on key members of Congress to impose a few sensible conditions to this bailout in order to protect the American people -- I hope you will too.
Please have a look and take action.