Smells like an international treaty that we ain't much gonna like.
A gun-related one would just rile us gunnies up... it wouldn't rile up folks who attend Seattle high profile Democratic Fundraisers or people who'd be upset with pointing an accusatory finger at Capitalism itself.
It's gonna be a fundamental push at a bedrock of our economy and national spirit.
My vote is that they're going after the Dollar, gonna switch us to the Amero. At the same time they will nationalize the banking infrastructure. Somewhere in the Trillion dollar bailout, Nancy and friends hid language making this possible.
ETA: After mtnbkr's challenge, I skimmed through the 110 page bill and found that Section 119 made it possible for the Secretary of the Treasury to hold 9 CEO's of non-failing banks in a board room and force them to sell a percentage of their banks to the US Government. The language of this section makes it impossible to file grievance against the government once aid money has been accepted;
(3) LIMITATION ON ACTIONS BY PARTICIPATING
8 COMPANIES.—No action or claims may be brought
9 against the Secretary by any person that divests its
10 assets with respect to its participation in a program
11 under this Act, except as provided in paragraph (1),
12 other than as expressly provided in a written con
13 tract with the Secretary.
So, none of those 9 banks may now sue to be released from the program, even if the actions of the Secretary would have created a run on their banks and a dive in their stocks due to failed investor confidence.
Also, the standard of Judicial Review for this action is held to the verbiage of Chapter 7, Title 5 of US Code:
20 SEC. 119. JUDICIAL REVIEW AND RELATED MATTERS.
21 (a) JUDICIAL REVIEW.—
22 (1) STANDARD.—Actions by the Secretary pur-
23 suant to the authority of this Act shall be subject to
24 chapter 7 of title 5, United States Code, including
25 that such final actions shall be held unlawful and set
1 aside if found to be arbitrary, capricious, an abuse
2 of discretion, or not in accordance with law.
When an agency finds that justice so requires, it may postpone the effective date of action taken by it, pending judicial review. On such conditions as may be required and to the extent necessary to prevent irreparable injury, the reviewing court, including the court to which a case may be taken on appeal from or on application for certiorari or other writ to a reviewing court, may issue all necessary and appropriate process to postpone the effective date of an agency action or to preserve status or rights pending conclusion of the review proceedings.
So, the Secretary can do whatever he wants and it might be reversed later, someday.
I'll admit I found no verbiage specifically allowing for introduction of new currency. I am distressed that the act doesn't expire until 12/31/2009, however. That's a deliberate date, allowing for a new administration to continue playing with these powers for the first year of its administration.
But, taking the powers of this Act into accord with the words of Biden:
1. "...this is more than just a capital crisis, this is more than just markets. This is a systemic problem we have with this economy."
2. "Because it's not gonna be apparent initially, it's not gonna be apparent that we're right."
3. "There are gonna be a lot of you who want to go, 'Whoa, wait a minute, yo, whoa, whoa, I don't know about that decision.'"
4. "it might not be immediately apparent Obama is "right" during his first 100 days, especially on foreign policy matters."
So, very early in his administration (before expiration of the Act), he is going to do something that will offend capitalism and national pride that would have bearing on foreign policy matters.
