Yep, this sounds about right

vintage rove. too bad it's backfiring.

"Crisis" bill was months in the making

by kos

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.

Marcy:

A) First, as we'll discuss today in the book salon on Woodward's War Within, the Bush Administration refused to admit Iraq was FUBAR even while, for seven months, they were drumming up a new strategy because it was FUBAR. They did so because they didn't want to affect the mid-term elections. So has the Bush Administration been formulating a plan to bail out their buddies, in secret, because they didn't want to let the voters know how badly they had fucked up the American economy before November?

B) And if that is true, how much worse has the economy gotten--and how much more expensive will the bailout be--because the Bushies were trying to hide yet another colossal Republican failure?

C) Or, did they simply not tell us about their fuck-up so they could spring the $700,000,000,000 surprise on us on a Friday and demand results by Monday? The Shock Doctrine at work!

My theory? This isn't a real crisis since, as they themselves have told us, they don't want to limit this giveaway to just failing banks, but to all of Wall Street, even the "very successful banks and investment houses that have done very well".

So since the fate of the free world doesn't really reside on this bill, they can spring it at the most opportune moment. And in this case, it was in a shortened congressional session just days before final adjournment before the elections. They're so used to crying wolf and having Democrats jump at the site of men in military uniforms men in suits carrying briefcases, that they were confident they could roll the Democratic leadership with their Chicken Little act, all the while keeping their own troops in line.

Their decision to sit on this bailout plan until this very political moment appears to bolster my theory.

So far, it looks like their own troops are restless, while the Democratic leadership appears to be pushing conditions that would dissuade non-failing institutions from accepting our money.