<![CDATA[Who Decides? The Most Terrifying Part of the Proposed Bailout]]>

1.0 link 128097 <![CDATA[Who Decides? The Most Terrifying Part of the Proposed Bailout]]> http://www.huffingtonpost.com/zephyr-teachout/who-decides-the-most-terr_b_128097.html "Helicopter Ben" Bernanke and "the Hammer" Henry Paulson have just sent Congress a three page draft of a 700 billion dollar piece of legislation.

Set aside for a minute the haiku-like content of the Helicopter-Hammer plan, and think about what it really asks for: almost unlimited power. The Professor and the Madman propose to take over the power of the purse (or a big fraction of it) from Congress, and, by implication, from us.

There are two parts of the...

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