Apparently Henry Paulson (and whoever his successor is in a new administration) is about to be crowned “King of America” and by Congress at that. He will have essentially unlimited power to do whatever he wants with money supplied by Congress. His decisions will NOT be reviewable by the courts. Wow, sounds like a king to me. Nothing like a catastrophe to make Congress act quickly and without realizing the implications of their actions. Goodbye Democracy. Welcome Emperor!
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. “We are taking a huge leap of faith.”
We are indeed. These guys can be trusted…can’t they? Also notice George Bush’s proclamation that he is all for the free markets and capitalism…except when he isn’t. Consistent. Very consistent.