This is the logical, obvious Bushco endgame.

[smoogatz]

They're backing the armored trucks up to the treasury doors, and the Democratic congress is about to hand them the keys. Holy motherfucking kleptocracy, Batman!

[nancyr]

1. I second that.

[DangerousRhythm]

3. Thirded, sadly.

This is a disgrace!

[damntexdem]

2. If this is the October surprise, served up a bit early, ...

then it sure isn't helping McPain.

[ProgressiveEconomist]

4. This week is the latest possible for proposing new legislation--Sept 26th is the scheduled

date for Congress to adjourn until after the November elections.

IMO it's unlikely Congress will act within 6 days of receiving a &700B to $1 Trillion ultimatum from the WH. And I hope Pelosi and Reid are smart enough not to delay adjournment and force Democrats to approve SOMETHING in October.

So IMO the WH has dropped a bomb on the election, making fixing the economy the overwhelming issue for the last six weeks of the campaign. If Obama plays this issue right, sounding reasoned and confident while McCain sounds desperate and flip-flopping like a flying fish, Democrats will take the WH in a landslide.

[WinkyDink]

5. Now it doesn't need to.

[Eric J in MN]

6. It can be used for kickbacks.

The Bush Administration gives corporations billions, and the executives donate the maximum to the Republican Party which uses the money to promote McCain.

The bill allows no-bid contracts and forbids court review.

No bid contracts:
===========================================
...entering into contracts, including contracts for services authorized by section 3109 of title 5, United States Code, without regard to any other provision of law regarding public contracts;
===========================================

No judicial review:
===========================================
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.
===========================================

Please write Congress against giving the Bush Administration $700 billion.

[dailykoff]

7. Yep.

Gotta bail out those per per mortagage holders -- the ones that already made a fortune on bad loans. F*** the actual homeowners.