George Will raises the most important question in all of the bailout madness here. Is it constitutional?  Unfortunately, we have been traveling down this road since the 1930s and the country is not in the mood to let the Constitution come between them and the “prosperity” promised by politicians of both parties, especially when the mainstream media is the cheering section for government action to “fix” the economy.

 It is high time Americans heard an argument that might
turn a vague national uneasiness into a vivid awareness of something
going very wrong. The argument is that the Emergency Economic
Stabilization Act of 2008 (EESA) is unconstitutional.

By enacting it, Congress did not in any meaningful sense make a law.
Rather, it made executive branch officials into legislators. Congress
said to the executive branch, in effect: “Here is $700 billion. You say
you will use some of it to buy up banks’ ‘troubled assets.’ But if you
prefer to do anything else with the money — even, say, subsidize
automobile companies — well, whatever.”