Yes, but what happens when a Clinton-esque power-monger (Edwards of NC?) is elected in 2008, and they decide to make REALLY good use of this new power? You may trust the current White House occupant, but the rule he made will last us much longer than his 8 year tenure. (giving him the benefit of the doubt for 2004, of course)
Your forefathers did it, and I'm sure you could if you had to. Apparently the police and firemen of New York would be on your side.
Until then, don't be fooled by liberal Bush haters, and conservative freedom fighters (kind of an odd combo don't you think?), into to thinking that you're democracy can't handle the proper use of the constitution to wage, and win a war against terrorism.
There is absolutely nothing unconstitutional about this executive order. As indicated by Article 1, section 9 of your holy grail.
Couple that with the fact that George Bush is of sound mind and judgment, unlike X-42, and you have a tool to vanquish and destroy the enemies that lay before you. For the sake of your democracy and other democracies throughout this world - DO NOT FALTER NOW.