Steve G.

Congress passes giant bipartisan screwjob of plebeians, 263-171 in the House and 75-25 in the Senate

In Constitutional Rights, Media, Personal Responsibility, Politics on October 3, 2008 at 2:46 pm

CNN reports

The measure passed by 92 votes, 263 to 171, with the plan picking up support on both sides of the aisle after going down to defeat in the House on Monday.

President Bush said he would sign the bill Friday.

“These steps represent decisive action to ease the credit crunch that is now threatening our economy,” Bush said of the provisions of the bill.

“The legislation is a critical step toward stabilizing our financial markets and ensuring an uninterrupted flow of credit to households and businesses,” Ben Bernanke, chairman of the Federal Reserve, said in a statement.

From a facebook alert:

1) The American Government spends trillions of our tax dollars bailing companies out. When the CEO makes millions a year, there is no reason they need tax dollars to help them out.

And from the bailout proposal:
2) Section 5: Rights; Management; Sale of Mortgage-Related Assets.
(c) Sale of Mortgage-Related Assets.–The Secretary may, at any time, upon terms and conditions and at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act.

3) Section 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.

4) Section 10: Increase in Statutory Limit on the Public Debt.
Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.

5) Section 8 prohibits the constitutional right to petition the government. This legislation will be in violation of the US Constitution and many State Constitutions.

  1. Looks like our take home pay is gonna start being a lot less.

  2. They can take all my pay…. just give me my America back…

  3. And meanwhile, while Americans get gang raped by the Senators, Congressmen and Bush, Libertarians are stuck bitching and arguing over fine points of philosophy.

    Disgusting on all sides.

  4. 75-24-1 was the actual vote. Kennedy didn’t vote and if he did, it would have been 76-24.

  5. And meanwhile, while Americans get gang raped by the Senators, Congressmen and Bush, Libertarians are stuck bitching and arguing over fine points of philosophy.

    Stuck? Stuck how? Who’s holding you down and forcing you to “bitch and argue”?

    What more ‘disgusting’ – “bitching and arguing over fine points of philosophy”, or bitching over ‘bitching and arguing over fine points of philosophy’?

  6. My thoughts exactly Susan, but I didn’t see any merit in arguing the point…😉

  7. What’s the LNC doing about this particular issue?

    Oh yeah, they’re voting out Angela Keaton for winking at interns.

  8. Has the LNC had time to do anything about it? I imagine LPHQ will be issuing something. They already have quite a bit about it on the front page at LP.org

  9. You’re right… days have passed. Why should the LNC be able to do anything over just a period of a week or so?

    Rapid response is overrated. Let’s just sit this out.

  10. What exactly would you expect the LNC to do that LPHQ is not already doing?

  11. Something more than absolutely nothing, which is the present course of “action.”

  12. If you were on the LNC, what would you propose?

    Several LNC members read LFV, so they might listen…you never know.

  13. LNC members can call a special session to vote on a statement (and policy alternative) for this legislation.

    Incidentally, in reference to the original post, a federal bill being “in violation of state constitutions” is immaterial, since the feds aren’t governed by state constitutions. It is, however, clearly a violation — not of the “right to petition the government,” however, but rather the separation of powers doctrine. ALL legislation is subject to judicial review by the Supreme Court.

    It’s interesting to note that this whole “courts may not ever review this bill” thing was introduced by none other than Ron Paul, who included that language in his “marriage protection act” designed to restore state sodomy laws and overturn the Lawrence vs. Texas ruling that found those laws to be a violation of the Fourth Amendment right to privacy.

  14. They have a mailing list to conduct business, don’t even need a special session.

    The LP would do well to serve as a center for political mobilization and actions on stuff like this. nocashfortrash.com is a decent example of something they could have been doing.

    They should be emailing us all telling us to contact our congresscritters.

    They should already have an article out on this explaining why it’s bad.

  15. Careful, George, some of those ideas might have been mentioned in “Executive Session”!!!😉

    PS — isn’t “Libertarian Executive” an oxymoron?

  16. Susan: not so much as “bitching” on my part as it was a weary comment on the state of things.

  17. I’m with Gene here. Sorry, Susan.

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