Article I, Section 7 of the U.S. Constitution states that, “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.”
Doesn’t this suggest that the Emergency Economic Stabilization Act of 2008 could not have originated from the U.S. Senate.
I can see that the U.S. Senate can amend existing appropriation bills. But the original “bailout” bill was defeated by the House of Representatives.
Shouldn’t this new bill have originated from the House of Representatives? And if so, couldn’t the House of Representatives ignore this bill because it did not follow Constitutional procedure?
That would sure leave egg on the face of the Senators who pushed through this travesty!
I don’t suppose there’s time to start a real third party before Nov. 4....
Baloney it’s not Bush’s rescue plan anymore it’s been changed considerably. They are just taking a jab at Bush.
It’s late here in the East but this one is going through. The House will pass it late today or mid-day Friday. Watch the Dollar and Gold tomorrow. The Pyramid scheme that ended up in Europe is getting a bail. Isn’t Government great. Who needs a numbers (lottery) ticket?
Right wing Democrats??
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
I personally think Nancy will let it fail again. She needs the campaign issue far more than she needs a solution plus she knows that after the bill is passed and wall street is happy with it’s shiny new toy the finger pointing will start. Better (for the dems) if they keep the pot boiling and blame it on pubbies.
:-D
Ping!
I know my Congressman Michael McCaul will be voting “NO” on the bill.