Posted on 06/21/2011 10:45:17 PM PDT by Kevmo
I asked Intrade to open up this contract so that anyone who knows they're right can make money on that certainty.
Politics - US Congress Will Congress limit funding for military action in Libya? Contract Bid Ask Last Vol Chge LIMIT.FUNDING.LIBYA.JUL2011 House of Representatives to pass any measure to limit funding for Libyan actions before midnight ET
Forum entries http://bb.intrade.com/intradeForum/posts/list/492453.page
Author Message 16/06/2011 05:15:35 Subject: Whether or not Obama will be Subject to the War Powers Act over Libya ko
Sage
Joined: 03/11/2007 19:01:54 Messages: 1530 Offline I suggest we open a contract that would expire if Congress passes a resolution holding Obama to the terms of the War Powers Act by a certain date, perhaps 6 months from now.
War Powers Act Does Not Apply to Libya, Obama Argues NY Times ^ | 6/15/2011 | Charles Savage
The White House is telling Congress that President Obama has the legal authority to continue American participation in the NATO-led air war in Libya, even though lawmakers have not authorized it.
In a broader package of materials the Obama administration is sending to Congress on Wednesday defending its Libya policy, the White House, for the first time, offers lawmakers and the public an argument for why Mr. Obama has not been violating the War Powers Resolution since May 20.
On that day, the Vietnam-era law’s 60-day deadline for terminating unauthorized hostilities appeared to pass. But the White House argued that the activities of United States military forces in Libya do not amount to full-blown “hostilities” at the level necessary to involve the section of the War Powers Resolution that imposes the deadline.
“We are acting lawfully,” said Harold Koh, the State Department legal adviser, who expanded on the administration’s reasoning in a joint interview with White House Counsel Robert Bauer.
(Excerpt) Read more at nytimes.com ...
http://www.nytimes.com/2011/06/16/us/politics/16powers.html
17/06/2011 13:23:08 Subject: Re:Whether or not Obama will be Subject to the War Powers Act over Libya Intrade
Director
Joined: 04/09/2007 14:01:01 Messages: 623 Offline Maybe if we come at this a different way - President Obama goes to Congress for authorisation of continued military action in Libya?
Would anybody else be interested in trading this?
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20/06/2011 00:41:36 Subject: Re:Whether or not Obama will be Subject to the War Powers Act over Libya ko
Sage
Joined: 03/11/2007 19:01:54 Messages: 1530 Offline
Intrade wrote:
Maybe if we come at this a different way - President Obama goes to Congress for authorisation of continued military action in Libya?
Would anybody else be interested in trading this?
From the Drudge Report today:
House will move this week to limit funding for effort in Libya... Developing...
http://www.drudgereport.com/
20/06/2011 00:55:34 Subject: Re:Whether or not Obama will be Subject to the War Powers Act over Libya ko
Sage
Joined: 03/11/2007 19:01:54 Messages: 1530 Offline It looks like this issue is heating up.
McCain: 'Partisanship' behind war powers push
Politico ^ | 2011-06-19 | Andy Barr http://www.politico.com/blogs/politicolive/0611/McCain_Partisanship_behind_war_powers_push_.html
Sen. John McCain (R-Ariz.) warns his Republican colleagues on Sunday to not push against U.S. involvement in Libya for partisan gain.
Republicans on Capitol Hill have been pressuring the White House to come to Congress to seek authorization of ongoing air strikes in Libya. And House Speaker John Boehner (R-Ohio) has warned that if President Barack Obama did not seek congressional approval, the president would be in violation of the War Powers Act.
McCain, though, suggested during an interview aired Sunday on ABC's "This Week" that the GOP's complaints have little to do with concerns over balance of powers in Washington and are more centered on immediate political gain.
"I would say to my Republican friends, if this were a Republican president, would you be trying to impose these same conditions?" McCain asked. "I caution my friends, both here in the Senate and in the House of Representatives, that we don't want to do anything or pass legislation which would encourage [Libyan leader Muammar] Gadhafi to remain in power."
McCain conceded that there is a degree of "war wariness" that is motivating Republicans, but also said there is "a bit of partisanship" behind the war powers push.
20/06/2011 00:58:12 Subject: Re:Whether or not Obama will be Subject to the War Powers Act over Libya ko
Sage
Joined: 03/11/2007 19:01:54 Messages: 1530 Offline Graham urges Congress to 'shut up' on Libya
Politico ^ | 2011-06-19 | Byron Tau
http://www.politico.com/blogs/politicolive/0611/Graham_Congress_should_shut_up_on_Libya.html
Sen. Lindsey Graham (R-S.C.) said Sunday that Congress should not interfere with U.S. operations in Libya.
"Congress should sort of shut up and not empower [Libyan leader Muammar] Qadhafi," Graham said on NBC's "Meet the Press."
Congressional critics of the Libya action have been floating the possibility of defunding military operations there, or invoking the War Powers Act to force and end to the military operation.
"I would take the course that conservatives have been taking for the last 30 years -- The War Powers Act is unconstitutional, not worth the paper its written on," Graham declared. "It's an infringement on the power of the commander in chief."
"The president's done a lousy job of communicating and managing our involvement in Libya - but I will be no part of an effort to defund Libya or cut off our effort to bring Qadhafi down," Graham said.
20/06/2011 14:08:37 Subject: Re:Whether or not Obama will be Subject to the War Powers Act over Libya Intrade
Director
Joined: 04/09/2007 14:01:01 Messages: 623 Offline How does this look for a first draft. Please post feedback, I'd like to get this listed ASAP.
LIMIT.FUNDING.LIBYA.JUN2011 House of Representatives to pass any measure to limit funding for Libyan actions before midnight ET 30 Jun 2011
This market will settle $10.00 if the US House of Representatives passes any measure to end or limit funding for US military action in Libya before the specified time and date.
The market will settle $0.00 if the US House of Representatives does not pass any measure to end or limit funding for US military action in Libya before the specified time and date.
Settlement will be based on the passage of any measure through the House of Representatives, as reported by three independent and reliable media sources.
The measure may be a stand-alone bill or an amendment to another bill.
-------------------------------------------------------------------------------- To protect yourself from identity theft never give out your Intrade login or password. Contact Intrade on help@intrade.com
21/06/2011 08:22:52 Subject: Re:Whether or not Obama will be Subject to the War Powers Act over Libya ko
Sage
Joined: 03/11/2007 19:01:54 Messages: 1530 Offline
Intrade wrote:
How does this look for a first draft. Please post feedback, I'd like to get this listed ASAP.
LIMIT.FUNDING.LIBYA.JUN2011 House of Representatives to pass any measure to limit funding for Libyan actions before midnight ET 30 Jun 2011
This market will settle $10.00 if the US House of Representatives passes any measure to end or limit funding for US military action in Libya before the specified time and date.
The market will settle $0.00 if the US House of Representatives does not pass any measure to end or limit funding for US military action in Libya before the specified time and date.
Settlement will be based on the passage of any measure through the House of Representatives, as reported by three independent and reliable media sources.
The measure may be a stand-alone bill or an amendment to another bill.
The only thing I would change is the cutoff date, to July 14 or July 21. Congress can be a bit slow.
21/06/2011 18:37:18 Subject: Re:Whether or not Obama will be Subject to the War Powers Act over Libya Intrade
Director
Joined: 04/09/2007 14:01:01 Messages: 623 Offline This market is now open under Politics > US Congress.
I have extended the expiry date until the end of July.
Nope.
No. They’ll talk about it and that’s all. No balls, no spine.
Sounds like you guys would make money shorting the contract.
Should.
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