"Even considering that pattern, this is something out of the ordinary. Neither the FTC nor the Internet had anything to do with the Wall Street meltdown in 2008. If this financial-regulation bill is so desperately needed, why did House Democrats lard it up with this power grab at the FTC? Why does the FTC need any further authority over the Internet, where fraud and abuse regulations apply already? The Internet economy has been one of the bright spots throughout a dismal period of recent history. Do we need to attack the one area that shows growth and promise?
Nancy Pelosi knows that her Democratic majorities won’t last much longer. She wants to leave behind a Byzantine structure of unaccountable bureaucrats and embedded power to accomplish what she can’t get through the legitimate processes of lawmaking, and she’s hiding those efforts in so-called emergency legislation. Keep an eye on this during the conference committee on the financial-regulation bill; it’s not in the Senate version, but will almost certainly reappear in the conference report."