Well, no. The Church gave you the complete Bible under the dictation of the Holy Ghost, so the Holy Tradition of the Church is higher authority. But the Catholic Church and the Holy Bible are not at odds at all; it is the Protestants who should worry.
While by dictation is not meant plenary mechanical dictation, without doing violence to plenary inspiration, your premise seems to be that being the instruments and stewards of holy writ makes you the assuredly infallible interpreters of it. And that assurance of Truth is only had by her infallible magisterium. Is that correct?
Oh really?
Let’s take the prayer of Prayer of Pope Pius XII. Found here : [http://catholicism.about.com/od/tothevirginmary/qt/Honor_Immacula.htm]
I’ll use just the bolded excerpts from the prayer.
we cast ourselves into your arms
1 Peter 5:7 Casting all your care upon him; for he careth for you. (When did we need to replace God with Mary?)
confident of finding in your most loving heart appeasement of our ardent desires, and a safe harbor from the tempests which beset us on every side.
Hebrews 4:15-16 For we do not have a High Priest who cannot sympathize with our weaknesses, but was in all points tempted as we are, yet without sin. Let us therefore come boldly to the throne of grace, that we may obtain mercy and find grace to help in time of need. (once again Catholics replacing Christ with Mary)
O crystal fountain of faith
Romans 12:3 according as God hath dealt to every man the measure of faith. or "a measure of faith." (but Mary is the “fountain of faith” for Catholics)
Lily of all holiness
1 Samuel 2:2 There is none holy as the LORD: for there is none beside thee: neither is there any rock like our God. (for Catholics however, “all holiness” is given to Mary)
Conqueress of evil and death
Hosea 13:14 I will ransom them from the power of the grave; I will redeem them from death: O death, I will be thy plagues; O grave, I will be thy destruction: repentance shall be hid from mine eyes. (but Catholics claim it was Mary who conquered death)
Convert the wicked
John 16:7 Nevertheless I tell you the truth; It is expedient for you that I go away: for if I go not away, the Comforter will not come unto you; but if I depart, I will send him unto you. 8 And when he is come, he will reprove the world of sin, and of righteousness, and of judgment: 9 Of sin, because they believe not on me; (Catholics have even replaced the Holy Spirit with Mary)
Statement by catholic Bishop Liqouri “.......We often more quickly obtain what we ask by calling on the name of Mary than by invoking that of Jesus.....” She...is our Salvation, our Life, our Hope, our Counsel, our Refuge, our Help”
Need I go on? Catholics have replaced virtually every attribute and working of God and given that to Mary in their worship.