Full Version: Text Of Wall St. Bailout Act
text of the Wall Street Bailout Act that Bush expects Congress to approve within the next week.
Heads up, everybody! This is a true "Shock Doctrine" proposal, to vest the Secretary of the Treasury with unreviewable plenary power.
http://www.dailykos.com/story/2008/9/20/13.../495/381/604752
Please notice the following points:
1. the broad reading of the Secretary's power: so long as s/he claims to be acting pursuant to this statute, there is no limit nor review of their authority.
2. It appears that entering into crony-capitalist, no-bid contracts a la Iraq and New Orleans, are part of the authority.
3. The Secretary's power is unreviewable, not by the legislature, not by any administrative agency, and not by the Courts.
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If Congress allows this to go forward, the "Shock Doctrine" has well and truly come to America's entire economy.
I seem to remember last year a few people on here (wave your hand if any of you were one of them) saying that they thought the administration was going to let our economy crash, and use THAT as a shock doctrine opportunity - no terrorist event, just leting things go completely out of control.
Just read it
:BigFuckingAssJawdrop!!!:
You know what - they are taking over with the Shock Doctrine here and there - one catastrophe to take away liberties that get in the way of "security", another to give them powers in case of disaster, another for our basic finances... all done very quietly and boringly in the Acts made in Congress.
QUOTE
Sec. 8. Review.
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.
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.
QUOTE
Subsection (.b.) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.
:BigFuckingAssJawdrop!!!:
You know what - they are taking over with the Shock Doctrine here and there - one catastrophe to take away liberties that get in the way of "security", another to give them powers in case of disaster, another for our basic finances... all done very quietly and boringly in the Acts made in Congress.
QUOTE (Gwynogsrabbit @ Sep 20 2008, 06:32 PM) 
I seem to remember last year a few people on here (wave your hand if any of you were one of them) saying that they thought the administration was going to let our economy crash, and use THAT as a shock doctrine opportunity - no terrorist event, just leting things go completely out of control.
Yes a lot of us saw this coming but it cannot stand. The Dems need to toss this bill in the trash where it belongs.
Now is the time to call and or write your congress critter/senator.
They cannot give up the power of the purse! This bill is bullshit.
QUOTE (Gwynogsrabbit @ Sep 20 2008, 06:43 PM)
Just read it
:BigFuckingAssJawdrp!!!:
You know what - they are taking over with the Shock Doctrine here and there - one catastrophe to take away liberties that get in the way of "security", another to give them powers in case of disaster, another for our basic finances... all done very quietly boringly in the Acts made in Congress.
:BigFuckingAssJawdrp!!!:
You know what - they are taking over with the Shock Doctrine here and there - one catastrophe to take away liberties that get in the way of "security", another to give them powers in case of disaster, another for our basic finances... all done very quietly boringly in the Acts made in Congress.
YES. AND THEY'RE DOING IT ON SATURDAY NIGHT WHEN THEY THINK NO ONE IS WATCHING!!
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