(11 am. – promoted by ek hornbeck)
My gut reaction to everything I’ve read about this financial markets crash up to the now infamous Paulson Plan has me soooooooooooooooo angry that I just don’t know what to do with myself.
Reading the provisions of this Paulson Plan produced yet another assault of shock and awe from BushCo. And the fucking Democrats? In on it. Fuck!!!!!!!!!
Jay Elias, in his essay, Why All Americans Need To Oppose the Bailout As Currently Proposed points gets right to the heart of this dark plan:
The various merits and demerits of the proposal to create a fund for the acquisition of toxic securities and derivatives by the Federal government compose a huge list. But one of the key provisions of the bill as currently proposed makes it unpalatable for any reason:
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.
Is this insane? Are they insane? Are the American people, wholesale, so depleted, scared, unable to think that they are going to buy this crap?
I kept thinking that FUCK they’re amending the constitution without any ratification. And without any muscle from Democrats opposing.
Well, all I can tell you is started screaming when I read this fabulous and important analysis by Stirling Newberry over at GOS. nocatz recommended it and I highly recommend:
The Way Forward
I’m thinking to myself that everything I’ve read about thisGovernments then have a basic mandate to enact the good, they have mechanisms to effect that mandate, one of which is money, and they have a relationship to the people which constitutes the meaning of government. The Paulson Proposal is, in effect, an amendment to the Constitution, which states that the executive, in its sole discretion, has a mandate to prop up the financial sector at whatever cost, without review. It states that it has the mechanism of unlimited and unfettered spending power. It asserts a meaning which is foreign to virtually every part of the political spectrum, libertarians, conservatives, centrists, liberals, and socialists alike have balked at this vast grab of power which violates separation of powers, accountability, and virtually every other principle advanced for the protection of a Democracy. This much is obvious, and is obvious to millions of people. The Paulson Proposal is a demand for economic servitude.
Seriously. How do we stop this? We need to do something. Really. This has nothing to do with electing more and better Democrats. Really. Are we getting this yet? Just what the fuck is happening?
And please, don’t be fooled by pretend e-mails that express Democratic outrage. It’s a scheme to keep us on the string.
First and foremost: i’ve e-mailed everybody in my address book about this. Now let’s follow it up. What do we do from here? How do we stop this?
How do we all file for tax extensions? Change the number of exemptions on our salaries to the highest allowed. Stop the flow of tax money in any way we can.
What the fuck do we do?