On September 22 or 23, 2008 Paulson lied, claiming that he was leaving to Congress decisions about oversight of the taxpayers’ bailout of speculators.
In fact, his bailout “plan” stated that the Secretary of the Treasury would have more power than a king:
“Sec. 8. 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.”
Bernake and Paulson are conservatives and they have got nothing we need or want. This is what they’ve got for us: “Give us absolute power and we will transfer all your money to the supperrich.” No. That has been the one and only conservative idea for decades. It is a completely bankrupt program, and it is killing us.
Neocons and neoliberals: It is the year 2008 and by now at least elites, if not the broad public, are familiar with the crisis-conservative power grab tactic. Even if we were as moronic as your ideology holds, there is not only the Iraq War we have to jog our memory. There is also a widely-read, widely available book by Naomi Klein and that book details the history of your tactic and the comments you have made about this tactic over time.