Blocking Property of Certain Persons.... WTH is this?

Destabilizing Iraq, Broadly Defined

"President Bush issued an executive order last week titled "Blocking Property of Certain Persons Who Threaten Stabilization Efforts in Iraq." In the extreme, it could be interpreted as targeting the financial assets of any American who directly or indirectly aids someone who has committed or "poses a significant risk of committing" violent acts "threatening the peace or stability of Iraq" or who undermines "efforts to promote economic reconstruction and political reform" in the war-torn country."

Admittedly, I've been out of the news loop lately and definitely out of the blogosphere but... what the hell is this exactly and who thinks it's in anyway a good idea? What is the real motivation of this? That's what I want to know.

My aunt sent me a link to St. Pete for Peace and I've been reading through it. So... what do you think?