Adding to what Turkana and Mary have already posted on this subject, there is no way in hell the congressional Democrats should dance to Bush and Paulson's tune or timing with this corporate welfare scam. Anytime Bush calls for immediate congressional action on anything, Democrats should do the opposite. He has rammed through the Iraq war this way. He has rammed through domestic spying illegalities using phony terror threats this way. And now he and Paulson want Congress to hand the Treasury Secretary uncontested power on something they didn't tell Congress was an immediate need until last Thursday? I don't think so. [my em]
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I smell a rat, a big one.
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If the world economy is so fragile that it will melt down unless Wall Street is handed $700 billion immediately, then Paulson should be impeached for proposing what amounts to a criminal payoff, and Bernanke dragged to a hearing on why he has a job. And if foreign banks get bailed out by American taxpayers, especially by anything that Phil Gramm engineered, forget it. Gramm should be in jail.
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Something's up.
And if you give a shit about Taiwan (aside from being a place to sell arms), you'll be interested to know the Chimp just gave 'em up to the Chinese in order to cover our $700 bln (at the least) I-O-U:
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It is a nice, small but productive island Beijing wants to reunite with the fatherland for quite a while. Until now U.S. interests prevented that. But now things may have changed.
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Translated from diplo-speech: "Give us Taiwan and you'll get the loan."
Taiwan will not be the only 'additional condition' in this deal but for China it is the premier one.
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Hmmm ... They got that all worked out already too.
So I wonder where all the loot's really going?
Update:
More reasons from Dave Johnson:
The reason Congress MUST pass this bailout bill NOW is because in a short time an Obama administration might be taking over. THAT is the reason it has to be done NOW and uses up all the rest of the money the United States might be able to borrow, ever, instead of passing something that covers the problem for a few months. Otherwise there would be a chance for a sensible approach that follows the principles of one-person-one-vote democracy instead of one-dollar-one-vote Republicanism.
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Scorched Earth maybe? It would explain the land in Paraguay:
An Argentine official regarded the intention of the George W. Bush family to settle on the Acuifero Guarani (Paraguay) as surprising, besides being a bad signal for the governments of the region.
Luis D Elia, undersecretary for the Social Habitat in the Argentine Federal Planning Ministry, issued a memo partially reproduced by digital INFOBAE.com, in which he spoke of the purchase by Bush of a 98,842-acre farm in northern Paraguay, between Brazil and Bolivia.
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It pays to have a place in a country that doesn't have an extradition treaty with the U.S.
And, if McCain gets elected, the Bushes (just like in 2000) will once again leave him holding the bag once he gives them enough cover to leave.
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