Dodd: "As if we care."
Posted on 01/17/2009 7:24:29 AM PST by vg0va3
While much of the debate over the $700 billion U.S. bailout plan has focused on whether the money is being spent wisely or well, concerns are growing among many conservatives about its constitutionality.
Some conservatives have argued that the law creating the program, the Emergency Economic Stabilization Act of 2008, which Congress passed hastily in October, violates constitutional principles that limit the amount of power that lawmakers can delegate to the executive branch.
They also maintain that the enormous bailout plan has illegally grown beyond its original focus on the financial services industry to include a bailout of the auto industry and more.
Robert Levy, the chairman of the Cato Institute, a libertarian organization in Washington, said in an interview that the bailout program, which goes by the acronym TARP for Troubled Assets Relief Program, goes beyond the realm of delegation the courts should allow. Levy said that earlier cases had found such delegation was appropriate if Congress laid down "an intelligible principle" that provided clear guidance to an agency or a regulator. But that, he said, is precisely what is missing in the bailout.
There's no intelligible principle that I could discern," Levy said.
Now the FreedomWorks Foundation, which was founded in 1984 and declares itself to be "leading the fight for lower taxes, less government and more freedom," says it plans to file a lawsuit against the program.
(Excerpt) Read more at iht.com ...
Copy of Constitutional Infirmities of the Emergency Economic Stabilization Act of 2008 (“EESA”) A Legal Analysis from FreedomWorks Foundation Executive Summary http://www.freedomworks.org/tarp/policyanalysis.pdf
YA THINK????
And exactly what do you plan on doing about it? voting them out of office? Maybe writing a strongly worded letter or email?
Yeah... that'll change things.
Did anyone in the Roundheel Republicans question it when it was first proposed?
Dodd: "As if we care."
1. The Constitution is a living document.
2. What's a Constitution?
And what are they going to do about it? No one will go to jail, no one will give the money back. Maybe it will prevent future stunts like this one, but who knows if the republic will be around long enough with this bunch in power.
That is a horrifying picture. It disgusts me that those are this nation’s leaders.
I’m sure Dodd doesn’t care, but that is Bawney Fwank.
moral depravity, being applauded
Sowwy!
I offer you this :
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As he disapproved of an attempt to appropriate $15,000 for French refugees. 4 Annals of Congress 179 (1794).
I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents. . . . . . . James Madison, 1794
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( Nope, it ain’t in there )
Right on. And I want those SOBs not only out of work but in prison, especially Pelosi, Dodd, Frank, then I want INS criminal process started on the Kenyan illegal immigrant.
Careful with the “s” word, there are those here who will say you’re a traitor for suggesting such things. Of course, I think secession would be the best thing to preserve what was American.
That’s part of the inherent problem, how we view them. They’re not supposed to be leaders. Republicans aren’t supposed to be leaders. They’re all supposed to be servants and stewards of the state, but we’ve long ago assigned them leadership status that they see themselves as being able to do anything they want, so long as it benefits themselves a long and profitable “career” in politics.
When people post photos of those democrats as relates to this “bailout”, they need to remember to post photos of the republican President who wanted it as much as the dems did. Not only has the majority of the country realized that they can vote themselves the wallets of their neighbors, but those people also run the gamut from poor to corporate officer. We saw with the car companies that all a CEO has to do is not lead his firm into black ink, but let the company free fall then run to his republican President afraid to see his “class” fail.
“Some ask if bailout is unconstitutional”
Stay tuned after the break when we tackle other tough questions like the Pope’s religion and where bears do their business.
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