Posted on 12/11/2014 1:16:07 PM PST by servo1969
The reason the congresscritters are so afraid of a government shutdown? If the People saw that the shutdown made no difference in their lives, selling the People on more government would never work again.
We could eliminate all the three letter alphabet soup agencies and the country would be better, not worse. That is what the politicians fear.
For the power given to Congress by the Constitution does not extend to the internal regulation of the commerce of a State, (that is to say of the commerce between citizen and citizen,) which remain exclusively [emphases added] with its own legislature; but to its external commerce only, that is to say, its commerce with another State, or with foreign nations, or with the Indian tribes. Thomas Jefferson, Jeffersons Opinion on the Constitutionality of a National Bank : 1791.
A proposition was made to them to authorize Congress to open canals, and an amendatory one to empower them to incorporate. But the whole was rejected, and one of the reasons for rejection urged in debate was, that then they would have a power to erect a bank, which would render the great cities, where there were prejudices and jealousies on the subject, adverse to the reception of the Constitution [emphasis added]. Jeffersons Opinion on the Constitutionality of a National Bank : 1791.
State inspection laws, health laws, and laws for regulating the internal commerce of a State, and those which respect turnpike roads, ferries, &c. are not within the power granted to Congress [emphases added]. Gibbons v. Ogden, 1824.
So if Elizabeth Warren really wants to protect the Dodd-Frank law then she needs to do the following. She needs to rally Congress to propose an amendment to the Constitution to the states which would grant Congress the speciifc powers to regulate both intrastate banking and intrastate commerce. And if the states choose to ratify Ms Warrens amendment then Congress will have the power to regulate such issus and Ms Warren will be a hero.
Resist we mush!
“Bog Boy” LOL, I feel a new TV series coming.
After 30+yrs as a carpenter/cabinetmaker, it'd be an honor to help build a few dozen 'Liberty Trees' for said purpose.
T'would be an infinitely better retirement legacy than any mere gold watch could ever hope !
Here is a rundown of the main Dodd-Frank issues that may be in play over the next day or so. The list is based on information learned from people briefed on the legislative negotiations who spoke on the condition of anonymity.
¶ The bill that Citigroup helped draft: This bill would repeal one of the more contentious provisions in Dodd Frank, a requirement that banks push out some derivatives trading into separate units that are not backed by the governments deposit insurance fund. The proponents of the push-out rule argued that it would isolate risky trading from parts of a bank eligible for a government bailout.
The provision exempted many derivatives from the push-out requirement, but some Republicans have long proposed eliminating the provision altogether.
In late 2011, Citigroup floated a compromise. The banks lobbyists sent around a proposal that simply exempted a wider array of derivatives from the push-out plan.
As The New York Times reported last year, lawmakers adopted nearly every word of Citigroups plan in drafting a bill. The banks recommendations are reflected in more than 70 of the 85 lines of that bill.
Remember Citi is in the pockets of liberals a la Rubin and Lew:
http://www.reuters.com/article/2009/01/09/us-citigroup-rubin-idUSN0930738020090109
http://www.huffingtonpost.com/2013/01/11/jack-lew-rubin-citigroup_n_2458142.html
The Republican leadership/Chamber of Commerce henchcritters want both unlimited immigration (the Wall Street Journal once put that in an editorial, carved in letters four feet tall, just before 9/11, and I won't let them forget it) and Obamacare, and Boehner is working like hell to get it for them, and to make sure no GOP fingerprints are left behind on the deed.
Obamacare lets Chamber members (and I use that word in both senses, i.e. sensu non stricto) dump their employee health plans (not including the executive plans, of course) and throw people on the mercy of the 'Rat Party and its medical orc-ocrats. The old plans' premiums will be flowed through to the bottom line very bonusably, after a seemly-exclusive boardroom orgy, er, party), and the employees will be stiffed across the board. Big-shot CEO's used to come on Lou Rukeyser's show 10 years ago and fulminate and swear up and down that they were going to get rid of employee health care and they didn't care what happened to the employees -- and now they've made good on their blood vows and are partying like it's 1999.
The object of illimitable mass-immigration, since the mid-1800's, has been to crush wages -- which implies that people will be even less able to afford their own health care. But who cares? Screw them. Let them eat Obamacare forms.
Add this to my long list of times I've wished FR had an edit function.
The only reason Rinos are acting like losers is because their party lost control of the Senate and the House. Now they have to deal with those eeeevil conservatives of the GOP. It is much easier for GOP liberals to deal with their heart throbs, the Dems, than it is for them to deal with the real GOP.
I hate the Republican'ts.
"We can't challenge the president
"There is nothing we can do about it"
"We can't pass that law. It won't hold up in court."
"We can't pass that law. The president will veto it"
"Our hands are tied"
"The media will have a field day if we do that."
Did you see Steve Salmon and Louie Gomert on Hannity last night? Gomert basically accused Boehner of being a Democrat. He said that now nothing can really be done to stop Obama’s amnesty come January when the new House is sworn in. The GOP base has been had.
When you compromise with evil, EVIL WINS.
Bonehead: I hear Ya Brother, I'm headed back to my office for a fine bottle (or two) of some 12 year old scotch.
McTurtle: Chortle
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