I am tentatively pleased that the attempted coup in the United States of America, the one that would install Hank Paulson as acting leader of the American Junta, is running into problems. The first laugh I’ve had from the whole situation came from the image attached to this NPR story. I’m very proud of Christopher Dodd for staring down the Bush Administration on this point. He is the hero of this Congress, and I wish he was the majority leader rather than Harry Reid. Every point where the Democrats looked like they’d do their standard act of caving in to threats and then ended up hanging tough and fighting, Christopher Dodd was involved, sometimes the only one standing up.
Here is a copy of Dodd’s proposed bailout legislation via the Sunlight Foundation. Compared to the original floated, which would have made any congressional or judicial oversight illegal, it is a damn sight better. You can annotate and leave your comments over there, which I encourage anyone to do who has the time to do. I just heard Larry Lessig’s talk about the Sunlight Foundation the other day, and it was fantastic. This is the first legislation that I’ve seen it in action, and this my friends is what democracy in the 21st century should look like.
Update: Whoops, didn’t actually include the link to Dodd’s marked up legislation. Thanks to Adam for pointing that out.