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All Hail President Paulson! Dodd Has A New Plan

Once again Bush shrinks into the background and lets someone else take the responsibility of a catastrophe during his administration. It shows in th

Once again Bush shrinks into the background and lets someone else take the responsibility of a catastrophe during his administration. It shows in the polls.

Howie has statements from some of our Blue America candidates on the bail out....

So does Matt Stoller...

Congress cannot let President Paulson have a blank check. We can't be shocked (buy the “The Shock Doctrine”) into something once again...Although Dodd's bill seems to be better overall...

Banking Committee Chairman Christopher Dodd is taking much more aggressive approach to the Treasury bailout plan, demanding foreclosure assistance, limits on executive compensation and profit sharing for taxpayers if the Treasury begins to make money back on the bad debt it plans to purchase.

Dodd's legislation, obtained this morning by Politico, has just started to circulate among Senate legislative directors. His plan addresses many of the concerns raised by Democrats and Republicans who are concerned about handing over $700 billion blank check to Treasury Secretary Henry Paulson.

Part of me wants to let it burn.. Let the credit crisis hit and let Americans see really what it's like to live under Conservative/Milton Friedman rule...Then, being a Conservative would be poison for-evah. OK, that part is wishful thinking...

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