This is rich. The Cato Institute and Dick Armey are fussing that the bailout is unconstitutional because it delegates too much power to the Executive.
Again, how's that Unitary Executive theory working out for you guys now? Depends on who the focus is, I guess. Let's see, awesome for Reagan, less than panic-inducing for Clinton, and perfectly acceptable for Bush, even when the issue is wholly unrelated to terrorism. So never mind that Bush was the one who signed the bailout into law; now that it's Obama who has to administer it, Republicans want to take the job out of his hands.
Paging Prof. Calabresi.