Posted on 10/03/2008 12:28:50 PM PDT by rabscuttle385
WASHINGTON (AFP) — US President George W. Bush on Friday signed a mammoth economic rescue package aimed at saving troubled US banks and easing a credit crunch that he warned could spell disaster for the US public.
After campaigning for the bailout for two weeks and courting reluctant lawmakers in person and by telephone, Bush signed the Emergency Economic Stabilization Act of 2008 before leaving Washington for the weekend.
(Excerpt) Read more at afp.google.com ...
Listen to her.{Dripping with scarcasm}
If the power is not granted, then Congress has NO AUTHORITY. And regulating commerce certainly does not mean this bailout bill is Constitutional.
http://www.archives.gov/exhibits/charters/bill_of_rights_transcript.html
Amendment IX
The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people.
Amendment X
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.
(Below are the delegated powers)
Article I Section. 8.
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow Money on the credit of the United States;
To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;
To establish Post Offices and post Roads;
To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;
To constitute Tribunals inferior to the supreme Court;
To define and punish Piracies and Felonies committed on the high Seas, and Offences against the Law of Nations;
To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;
To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;
To provide and maintain a Navy;
To make Rules for the Government and Regulation of the land and naval Forces;
To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions;
To provide for organizing, arming, and disciplining, the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress;
To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the Acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings;—And
To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.
Apparently the "rope-a-dope" torch has been passed to McCain.
Posted on Friday, October 03, 2008 6:53:38 AM by Perdogg
No confirmation on this, no tip, no hint.
But I know what he's doing.
John McCain is waiting until the bill passes.
And then he will unleash the dogs of war.
God willing, the electorate may just start to take it back.
You are absolutely right. Our Founders started from the premise that all power was in the individual and that certain powers would be given to the federal government and these powers were specified in the Constitution. All powers not so specified were retained by the people, although the people also gave some of their inherent power to the states. That's why the question should never be asked whether the constitution states that the people have a certain right. The people have every right except those that are specifically limited by the Constitution.
I think some "conservatives" got away from the real meaning of the Constitution when they derided SCOTUS for finding individual rights not specifically mentioned in the Constitution, like the right to privacy. Of course we have the right to privacy, we have all rights. We, the people, are the sovereign.
What transpired over the last week is the best argument you could make for "throw them all out". I will vote for no one who sold me out this way.
Who knew we were supposed to be so grateful for the actions of our own government no matter how bad they be on average? It sounds like something out of the former USSR, not the USA.
Even better!
Right On. I guarantee you that this mess would not have occurred & if to only a small effect.
I couldn’t agree more!!! Throw everyone out who voted for this legislation!!!
“Bush has trampled on the Constitution.”
Yes, but not how you think. Bush violated his oath of office to preserve DEFEND and PROTECT the Constitution. He’s sold out our independence. In his defense, Bush had no choice. He was extorted by our foreign money masters, who hold us by the short hairs by our addiction to debt.
“We’re the slaves of the phony leaders; breathe the air we have blown you.”
There will be no "yield". There never was any intention that there would be a yield. This is theft pure and simple. The bank robbers were given a trillion dollars to fix the lock on the bank they had just robbed. I long for the days of just gross incompetency, like when Jimmy carter was President. Now we have just as much incompetency together with in your face corruption.
Bush will not be pleased with his legacy.
What makes you think this originated in the Senate? Did not the Senate take the House-rejected bailout language, and amend it slightly? Is not the "pork" and etc. bill HR 6049, originated in the House, merely amended by the Senate? And what the House passed, HR 1424, that too is a House originated bill (albeit, just a shell to be used as a vehicle), amended by stuffing House originated bailout, and House-originated pork into the same bag.
-- shouldn't the "bailout" spending bill go back to the senate under a new name --
No. The Senate already passed exactly the same language the House did - the Senate just did it first. The Senate didn't originate the stuff, it amended House-originated stuff, and sent the amended version back to the House. The House agreed with the stuff, as amended.
I am going to send my mortgage bill and my credit card
bill to my congressman and senator and see if i do not
have to pay them anymore since they bailed us out.(SARC)
I am sick of this govt. BS
The stimulus plan sure worked out really well.
That was slick idea.
I think what you’re saying is that temporary demand side stimulus doesn’t work. If so, I agree.
Obama will be worse. :(
Well, if there is to be no credit a good credit rating won’t matter, why not just default on all of it?
Because they’ve got credit rating tied to insurance, employment, healthcare, and everything else they can think of.
We’re doomed. Doomed.
Eight years under “compassionate” conservatism by Bush has enacted more SOCIALISM than an accumulation of the most LIEberal DUmocrat presidents in history.
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