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Ermes Marana · 2008-09-21, 14:35

Say goodbye to America as you know it.

http://blogs.wsj.com/economics/2008/...l-to-congress/

(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;

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.

This is the biggest power grab in history. As it stands, the executive branch will turn the USA into a socialist economy with them in complete control.

All oversight by the courts is denied.

I can just see it now... McCain wins, and Phil Gramm, the single person most responsible for the current crisis, is given complete authority over the country's economy.

I guess corporate lobbyists like Gramm have already been running the country for the last 8 years. Letting themselves get away with every nasty thing they could do to us, and then bailing themselves out with our money.

This just makes it official.

Let's see how Republicans are doing on their checklist for the last 8 years:

1. Eliminate the middle class.... check
2. Gut the bill of rights.... check
3. Spend trillions on wars for personal reasons.... check
4. Sell out the future of the country by borrowing and spending astronomical amounts of money.... check
5. Gut the economy, then use that as an excuse to take it over.... check?

Hopefully the Democrats in congress will be able to stop that last one. If not, they are useless and we are all screwed.

2008-09-21, 14:35	Link #57
Ermes Marana Senior Member Join Date: Nov 2007	Say goodbye to America as you know it. http://blogs.wsj.com/economics/2008/...l-to-congress/ (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; 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. This is the biggest power grab in history. As it stands, the executive branch will turn the USA into a socialist economy with them in complete control. All oversight by the courts is denied. I can just see it now... McCain wins, and Phil Gramm, the single person most responsible for the current crisis, is given complete authority over the country's economy. I guess corporate lobbyists like Gramm have already been running the country for the last 8 years. Letting themselves get away with every nasty thing they could do to us, and then bailing themselves out with our money. This just makes it official. Let's see how Republicans are doing on their checklist for the last 8 years: 1. Eliminate the middle class.... check 2. Gut the bill of rights.... check 3. Spend trillions on wars for personal reasons.... check 4. Sell out the future of the country by borrowing and spending astronomical amounts of money.... check 5. Gut the economy, then use that as an excuse to take it over.... check? Hopefully the Democrats in congress will be able to stop that last one. If not, they are useless and we are all screwed. Last edited by Ermes Marana; 2008-09-21 at 15:15.