Dictatorship in place, waiting on the dictator.

I was flicking through some older prisonplanet.com articles and came across this one.

Bush Re-Authorizes Martial Law Provisions

One particular passage jumped out of the page at me.

New legislation signed on May 9, 2007, declares that in the event of a "catastrophic event", the President can take total control over the government and the country, bypassing all other levels of government at the state, federal, local, territorial and tribal levels, and thus ensuring total unprecedented dictatorial power.

This was written May 23, 2007 and now over a year later, we (well, you Americans) have this economic crisis. Will this be the catastrophe to begin the dictatorship proper, and who will the dictator be?

Due to the timing, I feel that Bush may utilise this seemingly planned crisis. Will Bush cancel the election or will someone else step into the dictatorship that has been constructed for over half a century?


[edit on 10/1/2008 by Good Wolf]