It is absolutely not possible that Bush could use them to take over the United States. For starters, there aren't enough of them, and the average blackwater guy isn't very highly trained (despite the popular conception) as they primarily do stuff like drive trucks, fly mail around, and guard things we don't want to bother using soldiers for. Of course, there are a bunch of ex SF guys, etc. who are very capable, but as they would have to be in the military to get the training they would need, they would have also taken an oath not to do such things, and most soldiers take that oath very seriously.
Now could Blackwater facilitate a coup in some small country a la Executive Outcomes? Quite possibly, but the press would crucify the government officials who approved the contract.
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"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." - Winston Churchill
"All men dream: but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act out their dream with open eyes, to make it possible." Seven Pillars of Wisdom, T.E. Lawrence
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