Will Congress have any power to stop this terrible juggernaut? Will they even really try? I'm afraid the more I hear about the bailout, the worse it gets. Details of the Act were released by the NY Times over the weekend, and section 8 includes the following statement:
" 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." Essentially, the Act will give the Secretary of the Treasury dictatorial power over our economy, and his decisions will not be subject to review or approval by the president, the courts, or the Congress (who have a Constitutional right and obligation to oversee Federal spending). This is a frightening development to say the least.
" 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." Essentially, the Act will give the Secretary of the Treasury dictatorial power over our economy, and his decisions will not be subject to review or approval by the president, the courts, or the Congress (who have a Constitutional right and obligation to oversee Federal spending). This is a frightening development to say the least.
Senators and Representatives: The One Ring of the Tolkien mythology is emblematic of the human tendency to covet wholeness and power from an outside object, wealth, trophies. It is especially the aggressive characters who become most vulnerable to becoming possessed by the Ring. Jonathan Zap points out in his fine essay Casting Precious Into The Cracks Of Doom http://www.zaporacle.com/textpattern/article/43/castingprecious
that
"Boromir who is described as '…taking no wife and delighting chiefly in arms; fearless and strong, but caring little for lore, save the tales of old battles.' ” Not surprisingly, he is the member of the ring fellowship who most easily falls under the spell of Ring lust. In violation of everything he has agreed to at the ring council, he presses Frodo to give him the Ring. Frodo responds,
“ Were you not at the Council? … Because we cannot use it, and what is done with it turns to evil.”
“ Were you not at the Council? … Because we cannot use it, and what is done with it turns to evil.”
Fast forward from the Lord of the Rings, Tolkien's most excellent and apropos parable, to today. We must cast our wealth of this world aside, and focus on the humane and human. We must save our country.
Mushroom Clouds Over Wall Street
By MIKE WHITNEY
QUOTE
By MIKE WHITNEY
QUOTE
"One bank to rule them all; One bank to bind them..."
These are dark times. While you were sleeping the cockroaches were busy about their work, rummaging through the US Constitution, and putting the finishing touches on a scheme to assert absolute power over the nation's financial markets and the country's economic future. Industry representative Henry Paulson has submitted legislation to Congress that will finally end the pretense that Bush controls anything more than reading the lines from a 4' by 6' teleprompter situated just inches from his lifeless pupils. Paulson is in charge now, and the coronation is set for sometime early next week. He rose to power in a stealthily-executed Banksters’ Coup in which he, and his coterie of dodgy friends, declared martial law on the US economy while elevating himself to supreme leader. UNQUOTE
~~~~~~~~~
No comments:
Post a Comment