On The Bail Out, Constitution And Stupid People
~Snooper~
Consider this a PSM - a Public Service Message. I have collected a herd of blog posts and news articles in regards to economy related data. Have fun. I got them tucked away in my Daily Read file which changes from moment to moment. Once I link them to an article or two, they are removed from my Starred List. My Starred List is also linked in the left-hand side bar.
Freedom Dogs brings us a story where Newt Gingrich told Paulson to, and I paraphrase, hit the road and don't come back. Earlier in the day, it was shown where Newt reluctantly gave the nod to the bail out, if certain conditions were met. More than likely, the Constitutionality of the buy out. We shall see.
The WSJ writes about Europe about to go TU as the US decides on an unconstitutional bail out bill fraud. Who cares about Europe? They don't like us anyway. Screw Europe and their socialist crap. Speaking of crap, Boehner said he was going to vote for that crap sandwich of a bill. So, what do we do? Well, for starters you can stroll over to a particular web site and add whatever crap you'd like to see in the bill to make a better crap sandwich, HT Michelle Malkin. On a more serious note, go take a look at the top 10 reasons to defeat this bill just like we defeated the Shamnesty bill.
I already knew this having read the draft of the Sham Buy Out Bail Out Rescue Bill but, in case you don't know yet, Doug Ross says to be very afraid of this bill. To emphasize what he has written, every time I hear from CONgress, "This is a good bill", I shudder almost uncontrollably.
Jim Harper, once again, over at Washington Watch (somebody has to do it) has a very good summary of the draft summary of the Fraud Bill. It is a must read. While Thinkin' About Stuff warns us to watch our wallets, The Weekly Standard says that in theory we have the whole Fraud Bill in writing. I get the nuance. Just for the hell of it, here is their opening volley:
Nancy Pelosi announced today at a Democratic press conference long on self-aggrandizement and short on self-awareness, that the deal is done, and the text is online. Predictably, the government we're counting on to rescue world markets with a plan crafted in one week has not been able to craft a website that can handle such an announcement. Nonetheless, keep refreshing if you want to eventually see what these guys will be voting on. [...]I would call that a direct hit. SABOT! Gateway Pundit brings us a disappointment to Czarbie and Pelosi. Apparently, the voter fraud kings and queens of ACORN pork was removed from the "emergency the sky is falling lie". Makes me wonder. What is that $700 BILLION for anyway? Is it for rescuing a non-failed economy or to line the pockets of fellow frauds, like Czarbie and Pelosi and ACORN? Gateway says to visit this site to view the "corrections and improvements" of the bill. The text of the ACORN "provision" is here.
SEC. 105. RIGHTS; MANAGEMENT; SALE OF TROUBLED ASSETS; REVENUES AND SALE PROCEEDS. … (d) TRANSFER OF A PERCENTAGE OF PROFITS.— (1) DEPOSITS.—Not less than 20 percent of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2). (2) USE OF DEPOSITS.—Of the amount referred to in paragraph (1)— (A) 65 percent shall be deposited into the Housing Trust Fund established under section 1338 of the Federal Housing Enterprises Regulatory Reform Act of 1992 (12 U.S.C. 4568); and (B) 35 percent shall be deposited into the Capital Magnet Fund established under section 1339 of that Act (12 U.S.C. 4569).I will ask again, if this is TRULY a "rescue bill", why then is there so much pork and if there is so much pork, do they really need that $700 BILLION? I find it curious to say the least. Some are calling it fuzzy math. I am calling it fraud.
Another "just have to read this one" story is over at MsUnderestimated. They explain how the current non-issue is identical to the Katrina non-issue. Simply amazing. The causes are exactly the same. DAMN! Now, why didn't I think of that? Along those lines, Mel says that Biden is claiming that Czarbie is the hero of the finance non-issue. WOW! Now that is truly interesting. First he wanted no part in it and now he lays claim to it. What a scamster.
Ed Morrissey tells the tale how GOPers were not invited to the Sham Bill and were then blamed for not showing up...just like Liar Nancy said in this video. Doug Ross brings us testimony as to how secure, roses and green cloverish the Mae and Mac places were. He says it will piss you off. well, I don't need any help in that regard. I am already spring loaded into that position.
The lovely Anchoress says she has three words for us: Prayer. And. Fasting. And that is the end of that. I think she is right because in accordance with the folks at STACLU, the Leftinistra, the armies of the socialist liberal, want to tax Wall Street so "this doesn't happen anymore". Great. Since when did action like that ever stop anything from happening ever? More jibber-jabber.
Not one single fact can be hidden as to the root cause of this alleged meltdown. When even the NY Slimes reports the obvious, hell must have frozen over someplace. Speaking about honesty, ABP is going to irritate Nancy and Harry when they point out - much to the chagrin of the Leftinistra - that it is the Democrats that are "postponing this bill". They are the majority. Hello?
Given the fact, by Nancy's own verbiage, that the Dems didn't have enough of their own behind the bill, I find it curious that they blame the Republicans for stonewalling the issue, especially when their target of smears and lies was McCain. Incredible, isn't it?
Still, in all of this melee, no one has addressed the United States Constitution except a select few. One of them is here: Todd Gaziano writes;
A “resolution of disapproval” provision listed in the congressional Wall Street bailout compromise looks at first blush like an unconstitutional whooper, at least to nerd lawyers like me. Yet, I have an “inside” reason to believe it would not only be constitutional, it would be economically and democratically prudent. My former Department of Justice colleague, Marty Lederman, is on the right track. But it may not stay that way. Apart for the tricky “resolution of disapproval,” there is no evidence the White House or congressional negotiation team had their pocket Constitutions with them. The outline of the deal suggests: (1) the negotiators will not fix the fundamental constitutional problems with the previous bailout bills, and (2) they will raise new constitutional concerns. The figurative devil likely will be in the details of this compromise package, but let’s begin with a review the constitutional problems with the previous bailout bills. [...]OOPS! Listen. We all know that Bush tried and the Dems lied. I wonder how many will die when it is all said and done? Lying libtards not withstanding, we all know the Truth - even the idiot troll libtard liars.
Click to enlargeLike I have said, if Kucinich is against this thing, it must really be bad.
Well, now Nancy has the site up...check it at Memeorandum...
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