Posted on 03/25/2009 7:47:25 AM PDT by elc
For those of you that read the Constitution noting all legislation must originate in the congress - u outta luck.
This chit needs to be brought to a stop. It is like we are living in a dictatorship.
THIS MUST BE STOPPED!
It is time to march on Washington.
Start calling to protest this dictatorship:
202-225-3121
Spread the word.
Lord, please help us.
It’s fast approaching a dictatorship. Obama and crew is nationalizing the banks and the next industry I see coming is the Oil Companys. Control the money supply and the oil and it’s a done deal. Oil companys need to start gearing up for one hell of a fight.
Every dictatorship starts with a flurry of legislation consolidating power.
Wow, I can see people lining up to buy stock in companies that can be taken over by the government.
Plus, I can see highly educated people lining up to be CEO’s to have the government snatch thier pay at the last minute.
Nice.
So I ask again, are they stupid or intentionally bringing down this country?
Here is abumper sticker I saw the other day..
Barack Obama is loud and makes you feel good, but is just hot air..
Much Like A Fart!!
Study Hitler and his sweeping reforms in government.
It’s like he’s using Hitler as a game plan or something.
Judge Napolitano said on Fox yesterday that this is not Constitutional and that Congress does not have the power to legislate this.
May be true...but Congress no longer considers the Constitution has any import.
After Oil/Energy then it’s on to the Healthcare sector-the evil money making doctors and the hospitals too big to fail...
If a company is “in trouble”, it is in general the creditors, not the Federal government, that have a stake and the right to take action. An exception is when the Federal government represening the creditors. For example, if a bank is insolvent, the FDIC can intervene, because it is responsible for making depositors whole (up to FDIC limits).
Life and property insurance companies are regulated by the states, and if a state regulator finds a company insolvent, it can intervene and put the company in “run-off mode” and prohibit it from issuing new policies.
AIG’s credit default swaps were not federally insured, although for some reason they have been made a responsibility of the Federal government. When AIG could not make payments on these swaps, its counterparties had the right to force bankruptcy.
I don’t see why a general, vague right to seize “troubled” companies is needed, except for the frightening prospect that Obama wants the power to expropriate investors.
There is a well-established process called bankruptcy for dealing with insolvent companies, but I guess for the Dems that process leaves too much power with relatively apolitical judges.
I feel this is entirely calculated.
Ok. Call the capitol and say what to whom?
Federal government siezes corporations in night time raid, Herr Obama calls for new era of federal corporatism
How’s everyone enjoying the ride on America’s Ship of Fools?
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.