By Dave Lindorff

With the Bush Administration, the two leading presidential
candidates, and the Congressional leadership, as well as a phalanx of
Wall Street lobbyists all pushing hard for a massive transfer of
taxpayer money to the coffers of banks and investment banks, the
American people need to demand a halt to this bums' rush to a bailout.

We've seen what happens when Congress forgoes the time-tested
process of deliberative and investigative hearings and simply takes a
floor vote on a Bush Administration-backed measure. First there was the
October 18, 2001 resolution for use of military force against Al Qaeda
in Afghanistan. Because there were no hearings on that measure, its
loose, deliberately ambiguous wording has been used ever since by the
Bush/Cheney crew as authorization for their global so-called "War" on
Terror, including the claim that the president has the dictatorial
power ignore treaties, US law, and bills passed by the Congress.
Shortly thereafter, there was the Patriot Act, a compendium of
anti-Democratic measures that had failed to win passage in Congress
over the years which were cobbled together in the dead of night by
Bush/Cheney zealots and passed on a voice vote the next day by a
Congress too cowed to hold hearings on the measure. Then, in October
2002, there was the second authorization for use of military force
resolution, this time against Iraq, which has ended up miring the US in
a disastrous five-year-long war without end that has killed 4500
Americans, chewed up 40,000 more, and killed in excess of one million
innocent Iraqi civilians.

Had there been serious hearings on any of these three terrible
measures, there is a chance none of them would have passed, or that at
least, had they been passed, they would have been reworded to tie the
administration's hands. The first AUMF could have limited military
actions to attacking Al Qaeda. Period. The Patriot Act's constitutional
overrides could have been exposed early, and challenged. And the
administration's lies about the alleged threats posed by Iraq could
have been challenged in public by other witnesses, plus a clear
requirement could have been included that any attack on Iraq would need
UN authorization.

Now Congress is being pressured to pass an equally horrific bill
with no hearings. We know that 200 leading economists, including at
least three Nobel Laureates, one of them former World Bank economist
Joseph Stiglitz, are opposed to the bailout, saying throwing a trillion
dollars at Wall Street won't work and will be a waste of taxpayer money
or worse. We know that it fails to address the root problem--the
housing and mortgage crisis. We know that it could be a crippling blow
to the dollar. Yet without hearings to expose this giant scam, the only
ones getting through to members of Congress are Wall Street lobbyists,
their pockets stuffed with campaign cash.

Citizens can't even get past the Capitol switchboard, which is
jammed with angry callers trying to get through to their
representatives and senators.

The point that needs to be made is that there is no great urgency to
pass a bill. The administration's claim that the bottom will fall out
of the economy and that the country will be plunged into a depression
if the bill isn't passed immediately is nonsense. The Great Depression
took years to develop after the 1929 stock market crash.

The current market could collapse, and there'd be plenty of time to
act to revive the national economy. Meanwhile, the credit crisis, which
is serious, has been underway for months and months. It is not
something that came up last week and needs to be resolved tomorrow (as
if that were possible by the mere passing of a give-away bill). There
is plenty of time to hold the kind of hearings that will let members of
Congress, and the American public, learn about the causes of the
crisis, of its impacts, and about what the various strategies are that
might most effectively address it.

So the public demand should not be for passage of a "good" bailout
bill. It should be for a halt to this rush to passage of any bill. The
demand should be for "No Bill Without Hearings!"

So call Congress (202-225-3121, 202-224-3121 or 800-828-0498) and
tell your representative and your two senators that you don't want them
railroaded. Tell them you demand hearings before legislation. And tell
them, again, that you will vote against anyone who votes for the
current bailout for Wall Street. (Hint: If you can't get through, then
call one of their local offices, which are listed in the blue pages of
your phonebook, or go visit a local office.)

Don't forget to write letters, too, to your local paper demanding hearings and a reasoned response to the crisis, not a bailout.
_________________
DAVE LINDORFF is a Philadelphia-based journalist and columnist. His
latest book is “The Case for Impeachment” (St. Martin’s Press, 2006 and
now available in paperback edition). His work is available at www.thiscantbehappening.net