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Ron Paul: Bailout unconstitutional

 
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bacasper



Joined: 26 Mar 2007

PostPosted: Thu Oct 09, 2008 8:55 am    Post subject: Ron Paul: Bailout unconstitutional Reply with quote

Let's just hope we can get it declared as such quickly.

Ron Paul: Bailout Unconstitutional, Special Interests Forced Bill Through Congress

Congressman warns enhanced bill worse than original

Steve Watson
Infowars.net
Monday, Oct 6, 2008


Texas Congressman Ron Paul has warned that the amended bailout legislation that passed Congress on Friday is not only far worse than the original bill but is also unconstitutional.

Paul speaking just minutes after leaving the floor of the House on Friday, explained that the tax portion of the bill was written by the Senate, when under the Constitution only the House can originate tax bills.

�That in itself was unconstitutional but it�s been done before and it will be done again.� The Congressman said.

Paul highlighted that the passage of the bill defied logic because it was even worse than the original rejected version:

�It�s amazing, you take a very very bad bill, appropriating $700 billion, you can�t get enough votes to pass it so you take it back out, you make it much worse and take it up to over $800 billion.� Paul commented.

�Today is an even sadder day that on Monday,� Paul stated, �Here today when the special interests got their two cents in, or their $10 million worth of lobbying in, the members switched their vote.�

The Congressman decried the fact that 57 members, mostly so called conservatives, switched their votes on Friday. He urged that those who have destroyed the economy and our freedoms not be allowed to dictate how the system is rebuilt in America.

Paul also compared the economic situation to that of the Soviet Union in 1989, urging that the current economic meltdown stems from empire building foreign policy, and that we are now dealing with the bankruptcy of the United States.

Watch Ron Paul�s reaction to the passage of the bailout at link.
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Kuros



Joined: 27 Apr 2004

PostPosted: Thu Oct 09, 2008 1:07 pm    Post subject: Reply with quote

Really? I thought RP would call the power put into the discretion of the administrative agencies unconstitutional. But I guess that's an established habit that's been formed as well.

There's been a lot of bending of the Constitution. When NAFTA was passed, Clinton only got a majority from each chamber even though treaties take 2/3ds of the Senate to approve. The Supreme Court upheld it once it was challenged. I'm not happy about this; I'm a huge supporter of NAFTA but even I cannot bear to see the Constitution so brushed aside.
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DCJames



Joined: 27 Jul 2006

PostPosted: Thu Oct 09, 2008 5:19 pm    Post subject: Reply with quote

Bush started the fleecing of the American people when he allowed the greedy defense contractors to take Americans for trillions in an illegitimate war in Iraq.

Wall Street is trying to get it's cut of the action before their puppet, George Bush leaves office.
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bacasper



Joined: 26 Mar 2007

PostPosted: Thu Oct 09, 2008 8:04 pm    Post subject: Reply with quote

DCJames wrote:
Bush started the fleecing of the American people when he allowed the greedy defense contractors to take Americans for trillions in an illegitimate war in Iraq.

Wall Street is trying to get it's cut of the action before their puppet, George Bush leaves office.

Good points. The economic crisis was such an enormous and complex mess, why did it need to be acted upon so hastily? Wouldn't it have been worth the time to craft a well-thought out bill with input from leading economists?

I wonder who wrote it so quickly, too.
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