Dailykos : ACTION REQUIRED: Executive Power Grab in Banking Bail Out Bill by Larry Madill
...I have been totally in favor of a bail out rescue plan for our financial markets. I've said and will continue to say that it is a necessary evil to keep the U.S. from collapsing into a Second Depression. ...BUT, as NPR's Adam Davidson points out in his new Planet Money Blog, this bill also appears to constitute the greatest transfer of political power from the Congressional to the Executives Branches ... Possibly ever.
Atrios: What To Do
Obviously the administration proposal, whatever the need for some sort of government intervention, is basically insane and no lawmakers should support it. The question is how do we do anything about it? Social Security was an easier battle because it was about making it radioactive for lawmakers to do anything but say "Hell no." This is a bit trickier.
Huffingtonpost THROW Them Out Don't Bail Them Out Dave Johnson
I say THROW the system out and start building one that WORKS for US, don't bail the failed, corrupt system out. A bailout just keeps in place a bad system that has bankrupted all of us in order to enrich a very, very few.
Mediachannel's Danny Schecter: Our Financial 9/11: Can They Save the System?
If you think you can trust this Administration to solve this crisis when it has created so many others, think again. Unfortunately neither political party seems to have a clear take on what is happening or any plan to solve it.
So strap in, we are in for volatile rollercoaster ride.
These are just the tip of the iceberg. When we were sliding into the Iraq disaster, millions of people KNEW it was based on bogus information and was a horrible idea. The Dems in congress didn't listen. Don't let that happen again. Call them and tell them.
