BREAKING: Lawmakers Reach Tentative Bailout Deal

~Snooper~

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Just where in the hell in the United States Constitution does it authorize this total insanity? I don't care who it is that has worked on what and with whom. I want to see the chapter and verse these people use to justify this government intrusion on the Free Markets. Anyone?

So, a Tentative Deal has been reached. We have heard this before and thankfully, it was a bald-faced lie. However, seeing that I haven't seen Harry Reid with this kind of a face-shattering smile in a very long time, it just might be true.

Paulson doesn't look all that happy. Perhaps his Czar-like powers have been stripped? Who knows? Given the cretins in the picture have a dismal record of actually giving a damn about We The People, I don;t trust one single one of them. Do you?

Does anyone also find it curious that the language being used is all too familiar in regards to nothing has really been accomplished? I am talking about the "all you have to do now" type of thing.

Top U.S. policy makers emerged from hours of tense negotiations with a clear message just after midnight Sunday morning: A deal to bailout U.S. financial markets has been agreed on and all that remains to be done is to commit the legislation to paper. [...]

Good Lord. So, they took 144 pages of an outline, made notes and created more outlines, killed more trees in the process and have decided that now is the time to actually write up the verbiage that no one will ever understand. I just hope that someplace within the text of the actual legislation that there is a remote reference to the authority of the United States Constitution which allows this and authorizes it.

More at Memeorandum here and here, for now...

WaPo and Politico...NY Sun...AP News has some data...

[UPDATE]

Washington Times:

[...] The legislation would place limits on severance packages for executives of companies that benefit from the rescue plan, but details were sketchy. [...]

[...] The measure's main elements were proposed a week ago by the Bush administration, with Paulson heading efforts to push it through the Democratic-controlled Congress. Democrats insisted on greater congressional oversight, more taxpayer protections, help for homeowners facing possible foreclosure, and restrictions on executives' compensation. [...]

[...] Despite the changes made during an intense week of negotiations, the heart of the program remains Bush's original idea: To have the government spend billions of dollars to buy mortgage-backed securities whose value has plummeted as hundreds of thousands of Americans have defaulted on their home loans. [...]

[...] "We've had a lot of pleasant words," he said, "and some that haven't always been pleasant."

"We're very pleased with the progress made tonight," said White House spokesman Tony Fratto. "We appreciate the bipartisan effort to deal with this urgent issue." [END]

I have some input here: "SCREW ALL OF THAT!" And yes, you can quote me on that. I did notice that there was no mention of the constitutionality of this travesty.

One of the key people behind all of this current quagmire that the Democrats made in now playing the victim card:

Before I could finish the question, Franklin D. Raines, former CEO and president of Fannie Mae, asked me, "You mean, how do I feel about being the 'Willie Horton' of this campaign season?" [...]

Sniveling little fraud quack. PJM wants to know, as do the vast majority of Americans of all political leanings: "Who Are We Bailing Out? And Why?" Good question.