Long Term Capitol

by digby

Marci Wheeler catches an interesting little aside in today’s Roll Call article about the latest White house meddling… er management, of King Henry’s snow job:

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]

If the Bush administration has been formulating this plan for months and never breathing a word to lawmakers about it, then there is a much bigger story here than we know. This is being presented as a response to an unpredictable crisis. If that’s not the case then perhaps some of the conspiracy theories that are floating around are actually true.

Let’s hope Fratto is blowing smoke. This bail out plan is being sold as an emergency measure requiring extraordinary powers. If they saw this coming and this is the plan they had waiting in the wings, then we are dealing with something quite different than what we are being told.

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