Posted on 10/03/2008 2:48:19 PM PDT by davidosborne
ACTION ALERT !! What can we do?
Is the infamous “section 8” from the original Paulson plan still in the bill?
I have not had a chance to read the “final product” yet.. but I know it will make me sick...
I just hope the people who supported this bailout are able to see video of Nancy and Barney’s speech following the vote.
And since when did expenditure bills have to originate in the house?..........
Section 7. All bills for raising revenue shall originate in the House of Representatives; but the Senate may propose or concur with amendments as on other Bills.
Sec. 8. Review.
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
Go back to sleep! This "bill, did NOT originate in the Senate. The original $700 bn plan was part of the bill passed today. In congresscritter speak, that means it "originated" in the House!
Section 7. All bills for raising revenue shall originate in the House of Representatives; but the Senate may propose or concur with amendments as on other Bills.
Every bill which shall have passed the House of Representatives and the Senate, shall, before it become a law, be presented to the President of the United States; if he approve he shall sign it, but if not he shall return it, with his objections to that House in which it shall have originated, who shall enter the objections at large on their journal, and proceed to reconsider it. If after such reconsideration two thirds of that House shall agree to pass the bill, it shall be sent, together with the objections, to the other House, by which it shall likewise be reconsidered, and if approved by two thirds of that House, it shall become a law. But in all such cases the votes of both Houses shall be determined by yeas and nays, and the names of the persons voting for and against the bill shall be entered on the journal of each House respectively. If any bill shall not be returned by the President within ten days (Sundays excepted) after it shall have been presented to him, the same shall be a law, in like manner as if he had signed it, unless the Congress by their adjournment prevent its return, in which case it shall not be a law.
Every order, resolution, or vote to which the concurrence of the Senate and House of Representatives may be necessary (except on a question of adjournment) shall be presented to the President of the United States; and before the same shall take effect, shall be approved by him, or being disapproved by him, shall be repassed by two thirds of the Senate and House of Representatives, according to the rules and limitations prescribed in the case of a bill.
__________________________________
Just what violations occured?
[With apologies to Carly Simon and credit to Revolting Cat!]
Had you read some of the other threads discussing this issue, you would have already found the answer.
The Senate attached the "bailout" provisions as an amendment to an existing bill that originated in the House. The House had already approved the original bill, but had to hold another vote to approve the changes.
An unrelated finance bill originated in the House andwas senet to the Senate. Its contents were completely replaced by the Senate with the bailout, and it was then approved by the House. It was against the spirit of the Constitution, but complied with the letter. I think that only the House would have standing to complain, and they approved the bill. In my opinion a legal challenge on these grounds will get nowhere.
http://www.forbes.com/opinions/2008/10/03/bailout-constitutional-hamilton-oped-cx_jb_1003bowyer.html
I am tempted to take the McCain sign OUT of my yard and rip the bumpers stickers off my truck.. I wish it were Sarah Palin at the top of the ticket.. it is becoming clear that McCain is using her for SHOW and not listening to her advice.... I am going to take a couple of days to calm down a bit.. but it’s clear that John McCain is STILL John McCain!!
They passed a House Resolution, as amended. The House accepted their amendments. Constitution satisfied. Unecessary if Pelosi had been able to count on Monday. My 401k would look a lot better if she had kept her mouth shut. Plus less pork.
It did.
CLUE: “HR” 1424 - ya think that “HR” just might stand for “House Resolution”?
Move along- nothing to see here.
Or a Petition with teeth that covers every state.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.