I believe that “no review” provision is unconstitutional. It comes from arrogant “conservatives” who propose using Congress’ power to delineate Federal courts’ jurisdiction, to exclude altogether pet projects like anti-flag-burning, public school prayer, anti-abortion, anti-pornography, etc etc etc. But that’s at best a misunderstanding, at worst a vile perversion, of the provision, otherwise Congress could just explicitly exclude ALL its laws from judicial review, and do whatever it wants, the Constitution be damned. But this power has never been seriously interpreted this way by Congress or the Courts. Every act of the legislative or executive branches has to be reviewable judicially, even if just to say “It’s a political matter” or “It’s a Constitutional Amendment” (which would be obvious of course), “they’re allowed.” If Congress (and the White House) sought to exclude a new bill from review by existing courts, they would be required to establish a new court just for that bill (like FISA), or designate State courts or something. We can’t have NO review!
And a dictatorship of the Treasury Secretary, who works for the President? Please! I don’t see these powers granted in the Constitution. Congress spends money.
As for the artificiality of the current “crisis,” you just know these guys were sitting around one day saying to each other, “What’ll they do, let us go under, and take the economy with us?!!” This may be the culmination of W.’s “planned train wreck,” to totally “discredit” government by ballooning the deficit (incl. erasing the Clinton / Democratic surplus!), instigating a reaction to “shrink government small enough to drown it in a bathtub.” (Of course, it all started with the Revolution of the Colonial Ruling Elites against The Crown and legitimate traditional government….) They scream about “handouts” to us who are needy, but demand this total governmental giveaway to predatory corporations and the rich?!!! This is right up there with trying to abolish Habeas Corpus and spy on us without a warrant. And for the Democrats to just roll over and play dead on this when they have the majority in Congress would be a mortal sin. RED states may not be buying it, but will they take that outrage to the polls in November and thrash the GOP that brought it on them?
Again, I have to wonder how much of this “bailout” money will find its way into Repug campaign coffers, or perhaps the corporate paychecks of Bush officials if they leave office in January?
Just more Republican “borrow-and-spend” “voodoo economics”!!!