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Commentary: Where Does Obama Get the Authority to ‘Inform’ a Private Co. to Surrender Its Money?
CNSNews ^ | 6/15/2010 | Terence P. Jeffrey

Posted on 06/15/2010 8:59:29 PM PDT by Qbert

(CNSNews.com) - In his first-ever address from the Oval Office on Tuesday night, President Barack Obama said he was going to “inform” the chairman of BP that he must surrender the company’s money to an independent party that will distribute it to people and businesses determined to have been harmed by the oil spill in the Gulf of Mexico.

The president’s declaration raises a serious constitutional question about his authority: Where does the president get the lawful power to order any private-sector company—BP or any other—that it must surrender its money? Should not courts and normal legal proceedings determine who is responsible, who has been harmed, and who owes what to whom in regards to the Gulf oil spill?   Leaving aside BP's relative popularity or lack of it today, if President Obama, on his own initiative, can tell a corporation to surrender its money because he has determined its culpability in an oil spill, under what other circumstances can Obama or any future American president tell a corporation or a private citizen to surrender money? 

What rights do the stockholders in BP have to due process of law to protect their property? The Fifth Amendment to the Constitution says: "No person shall be … deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.”

Does Obama think he can “inform” persons and corporations to surrender or exchange their property without due process of law?

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; Editorial; Government; News/Current Events
KEYWORDS: 0dipstick; billions; bootonneck; bootonthroat; bp; chicagoway; chu; cluelessindc; corruption; dearleader; dearleaderobama; democrats; dueprocess; epicfail; impeachobama; millions; obama; obamadearleader; obamunism; oilspill; redistribution; socialism; socialists; spreadingthewealth; stevenchu; thugbama; tyranny
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1 posted on 06/15/2010 8:59:29 PM PDT by Qbert
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To: Qbert

Funny, that’s exactly the question being asked around here!


2 posted on 06/15/2010 9:00:57 PM PDT by bootless (Never Forget. Never Again. (PursuingLiberty.com))
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To: Tigerized

There’s an echo!


3 posted on 06/15/2010 9:01:25 PM PDT by bootless (Never Forget. Never Again. (PursuingLiberty.com))
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To: bootless

Expropriation!


4 posted on 06/15/2010 9:02:06 PM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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To: Qbert

Chavez has been to the White house...


5 posted on 06/15/2010 9:02:08 PM PDT by Dallas59 (President Robert Gibbs 2009-2013)
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To: Qbert

He can’t. It’s unlawful taking of property. Unconstitutional, although he doesn’t give a rip.


6 posted on 06/15/2010 9:02:30 PM PDT by SCalGal (Friends don't let friends donate to H$U$ or PETA.)
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To: Qbert

Hussein thinks he’s Hitler reborn.


7 posted on 06/15/2010 9:02:36 PM PDT by ExTexasRedhead (Clean the RAT/RINO Sewer in 2010 and 2012)
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To: Qbert; Brett66

Thanks to Freeper Brett66 for the photoshop.

Cheers!

8 posted on 06/15/2010 9:03:13 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: Qbert
Narcissism at its height.
9 posted on 06/15/2010 9:03:17 PM PDT by MWestMom (Tread carefully, truth lies here.)
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To: Qbert
Does Obama think he can “inform” persons and corporations to surrender or exchange their property without due process of law?

You DARE doubt the Great Obama? Constitutional law professor and total fool??? How dare you!

10 posted on 06/15/2010 9:03:26 PM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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To: Qbert
He has no authority. BP can say to him: "BITE ME punk!!!"
11 posted on 06/15/2010 9:04:38 PM PDT by no dems (I never thought I could loathe anyone more than the Clintons; enter Barack Hussein Obama.)
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To: Qbert

Pure dictatorship. This maniac must be stopped. What is the Supreme Court doing about these brazen abuses of power? Picking their noses?


12 posted on 06/15/2010 9:05:44 PM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: Qbert; All
"Where Does Obama Get the Authority to ‘Inform’ a Private Co. to Surrender Its Money?"

Obama Messiah Prompter

13 posted on 06/15/2010 9:05:47 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Qbert
Off to the Coastal Mississippi reeducation camp for questioning Dear Leader's awesomeness and power!! Enjoy the gruel!
14 posted on 06/15/2010 9:06:04 PM PDT by 2ndDivisionVet (Don't care if he was born in a manger on July 4th! A "Natural Born" citizen requires two US parents!)
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To: grey_whiskers

Big Prick.


15 posted on 06/15/2010 9:06:29 PM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: Qbert

You do realize he just nationalized them, right?


16 posted on 06/15/2010 9:06:48 PM PDT by FrogMom (No such thing as an honest democrat!)
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To: Qbert
Yet nobody has the guts to call him on any of his shreddings of the Constitution......or file suit in federal court, do they.

Leni

17 posted on 06/15/2010 9:07:23 PM PDT by MinuteGal
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To: Qbert

The voices in his crazed Communist head give him the authority!/s;)


18 posted on 06/15/2010 9:07:24 PM PDT by Frank_2001
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To: Qbert

HE DOESN'T!!!

EVERYONE should REBUKE THE ILLEGAL IMMIGRANT IN CHIEF at every turn!

If FASCIST Obama says we must go in a certain direction, the WE MUST go 180 degrees in the other direction.
Obama is wrong on every issue!

19 posted on 06/15/2010 9:07:34 PM PDT by Yosemitest (It's simple, fight or die.)
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To: Qbert

The right of kings. The constitution is dead.


20 posted on 06/15/2010 9:07:54 PM PDT by LibWhacker (America awake!)
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