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Where did our advocates go?
In this great land of ours we are blessed with some of the best and brightest minds. Every now and then one even shows up as an elected official. Where did they go? Where are the congressmen and senators who voted against the socialist bailout / cover-up bill? Where are the great constitutional scholars? Why isn’t there a vast coalition formed from political leaders, scholars and grass roots organizations taking this abomination to the doors of the Supreme Court. This bill clearly violates Article I, Article II and the Tenth amendment to our Constitution.
The Federal Government clearly does not have the expressed powers granted to it to nationalize private entity losses and to nationalize private businesses in part or whole.
Follow up:
Now they are not satisfied with shredding the Constitution so far, so they are now seeking to go another step and start buying up banks.
So now the Federal Government will be able to set home prices, determine interest rates, reset interest rates on existing loans, adjust principle amounts people owe on existing loans and even own the banks making the loans.
Didn’t we learn anything? Freddie and Fannie were regulated by congress and pressured to make loans to people who would never pay them back, Congress and ACORN holding guns to bankers heads and now they blame the banks and are telling the American electorate that only government can fix the problem. Government caused the problem both by enacting and furthering the CRA (Community Reinvestment Act) and by empowering and funding (with tax payer money) ACORN and groups like them.
So sorry to tell you this but, our Constitution does not grant government the authority to intervene in matters of legal private business between two parties.
So I pose my question again, where are the leaders, experts and grass roots organizations dragging this garbage unconstitutional legislation to the desk of the Supreme Court?
There is one thing that Congress can do to make sure this does not happen again, repeal the CRA immediately. You cannot fix something if you do not address the very thing that caused it.
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