Paulson's Dutch Oven

Listen, as an extremely small canine, I understand what it means to feel hemmed in at every turn. Powerless. Voiceless and out of control. But when I need to, I can bark loud. I have no doubt that Hank Paulson, our Treasury Secretary and the former chief of Goldman Sachs (he spent his career at GS, where the biped also worked for awhile, and he clearly lives by the culture and worldview that large corporations construct) believes he is doing everything he can to stave off a financial meltdown, but demanding Congress enact a bill that gives him absolute and total authority over a $700 billion cash account is beyond belief.

The Huffington Post has a nice op-ed that details the issues. Here's a piece:

In short, the so-called "mother of all bailouts," which will transfer $700 billion taxpayer dollars to purchase the distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and ungovernable by the People's duly sworn representatives. All decision-making power will be consolidated into the Executive Branch - who, we remind you, will have the incentive to act upon this privilege as quickly as possible, before they leave office. The measure will run up the budget deficit by a significant amount, with no guarantee of recouping the outlay, and no fundamental means of holding those who fail to do so accountable.

Write your congressman. Call your senator. Call anyone and tell them that Congress must have the power of oversight on this unbelievable bailout for Wall Street. Otherwise, Paulson's going to be pushing all of our heads under the covers.