Hidden in an article reporting that Cheney’s going to go hunt up some support for the $700,000,000,000 bailout is this admission that the Bush Administration has been sitting on it for some time:
Fratto insisted that the plan was not slapped together and had been drawn up as a contingency over previous months and weeks by administration officials. He acknowledged lawmakers were getting only days to peruse it, but he said this should be enough. [my emphasis]
So, for months the Administration has been telling everyone they’ve got the financial situation under control, then all of a sudden Congress has to pass a $700 billion giveaway to the financial sector right now don’t think about it just do it now now now. And Congress is warned that if it doesn’t act now now now and pass this bill as the Administration wrote it with no changes there will be terrible consequences and they would be Congress’s fault. And Congress can’t take any time to read the bill, even though it’s been sitting around in Cheney’s desk drawer for months.