Robbery

"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."-from a draft of a Legislative Proposal For Treasury Authority To Purchase Mortgage-Related Assets

Congressional Democrats should not give the Bush administration a blank check to place billions of taxpayers’ dollars into the hands of investment bankers without something in return, but, really, what are the chances the so-called opposition party will actually oppose anything?

At least presidential contender U.S. Sen. Barack Obama has argued that Wall Street does not deserve a blank check.

Ultimately, your taxes will go to support the lavish lifestyles and unchecked greed of people who operate this country’s major financial companies. No health care or retirement for you, taxpayers. This country’s rich people are hurting, and, well, we need to bail them out.

The new Bush plan—put together, of course, in secrecy—to save the country’s financial system is led by Treasury Secretary Henry Paulson, who was just recently arguing the financial crisis was “contained.” Smart guy that Paulson. He did not see this one coming, but, still, smart guy. Works hard. Acts from the gut. Essentially, major financial companies, which made incompetent decisions dealing with subprime mortgages in past years, will be saved with an infusion of taxpayer money costing $700 billion.

Will Democrats talk about what a $700 billion infusion into the Social Security system would do to secure the retirements of millions of Americans?

The rescue plan, which changes the business practices of the supposed free world, was created by a tiny, right-wing cabal. Maybe “junta” is a better word than cabal here because the plan argues this: Powerful, rich people who accrue staggering amounts of wealth through incompetently managed companies can invest their money with absolutely no risk. The public, ordered by junta decree, will bail them out if there is trouble.

Do we even need business schools anymore? If so, what are the new business classes going to be under the new corporate communist model? “Corporate Socialism and Class Envy” “Marx To The Rescue Of Your Business” “Getting Rid of Stinking Retirement Under Corporate Socialism” “The Entitled Oligarchy Business Model” “Running A No-Risk Business . . . For Real”

Can you believe this country’s government is essentially taking over the country’s financial system with your money without anything guaranteed in return?

Are Republicans still going to argue the free market and privatization will solve every problem known to humanity? Will national Democratic leaders really allow them to say this without protest?

Come on, Democrats. We are waiting and waiting and . . .