Comments on: Bush's $700 Billion Bailout A Bad Idea http://www.policyreport.net/2008/09/bushs-700-billion-bailout-a-bad-idea/ California Public Policy Debate and Analysis Fri, 12 Mar 2010 03:42:36 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Lewis Tagliaferre http://www.policyreport.net/2008/09/bushs-700-billion-bailout-a-bad-idea/comment-page-1/#comment-13 Lewis Tagliaferre Mon, 22 Sep 2008 12:31:59 +0000 http://thepolicyreport.wordpress.com/?p=202#comment-13 Maybe we should just skip socialism and go stratight to communist dictatorship....as Marx said we would... Maybe we should just skip socialism and go stratight to communist dictatorship….as Marx said we would…

]]> By: Timothy http://www.policyreport.net/2008/09/bushs-700-billion-bailout-a-bad-idea/comment-page-1/#comment-12 Timothy Mon, 22 Sep 2008 03:18:22 +0000 http://thepolicyreport.wordpress.com/?p=202#comment-12 Letting them die would have caused economic ruin. These firms have their hands in every aspect of commerce and financing in this country and around the world. To be sure, this is a power grab by Paulson in the guise of a "bailout." What Paulson has done is procure institutions of his choosing to become part of the federal government, at taxpayers expense. Here's a part of the bill: "(3) designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them;" That's right, you will serve at the behest of the government. If you don't....you're done. This action has created the most powerful force in the country: The US Treasury. Their power is enormous, and may be unlimited. All the while, the President, his two possible replacements, and the whole of the Legislative branch have surrendered to Paulson (or soon will). And in turn, Paulson decides which of the lobbying clowns he prefers receives the sweet deal. All we need to wonder is: who fucked up at Lehman, so as not to receive any of the good cash?? Oh and Paulson is challenging the very foundations of the US Constitution by not only ceding power from all the aforementioned branches, but has included language that prohibits challenges form any courts. This isn't simply bad, it is tyrannical. Letting them die would have caused economic ruin. These firms have their hands in every aspect of commerce and financing in this country and around the world. To be sure, this is a power grab by Paulson in the guise of a “bailout.” What Paulson has done is procure institutions of his choosing to become part of the federal government, at taxpayers expense. Here’s a part of the bill:

“(3) designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them;”

That’s right, you will serve at the behest of the government. If you don’t….you’re done. This action has created the most powerful force in the country: The US Treasury. Their power is enormous, and may be unlimited. All the while, the President, his two possible replacements, and the whole of the Legislative branch have surrendered to Paulson (or soon will). And in turn, Paulson decides which of the lobbying clowns he prefers receives the sweet deal. All we need to wonder is: who fucked up at Lehman, so as not to receive any of the good cash??

Oh and Paulson is challenging the very foundations of the US Constitution by not only ceding power from all the aforementioned branches, but has included language that prohibits challenges form any courts. This isn’t simply bad, it is tyrannical.

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