The subversion of the United States through bailouts
The bailouts going on are unconstitutional they have subverted our system of government and in the end they will totally destroy this nation. All government representatives that had any part in this have broken their oath to uphold the Constitution of the United States. They have made the citizens of the United States financial hostages of a world banking cartel. All involved in this coup should be charged with treason. Our system of government was set up with checks and balances to prevent just what is happening today. But the globalists, the cowards and the morally demented in the Legislative and Executive Branch of our government have given the government our founders set up away.
The Bitter Fruit of an Unconstitutional Bailout « FOX Forum « FOXNews.com
But history will be angry at them and their colleagues for betraying the Constitution. Their attitude underscores the reasons that the Constitution does not repose in the Congress the power to bail out individuals or private industry: Bailouts violate the Equal Protection doctrine because the Congress can’t fairly pick and choose who to bail out and who to let expire; they violate the General Welfare Clause because they benefit only a small group and not the general public; they violate the Due Process Clause because they interfere with contracts already entered into; and they turn the public treasury into a public trough. Worse still, Congress lacks the power to let someone else decide how to spend the peoples’ money.
As objectionable as the secretary’s change of mind has proven to be, as destabilizing as it was to the markets, as frustrating as it has been to the politicians who authorized it, it is not inconsistent with the statute that created the bailout because the Congress gave the Secretary the power to change his mind. It gave him, figuratively and literally, a blank check. In effect, the Congress delegated to the Secretary of the Treasury some of the power the Constitution has delegated to the Congress: The power to decide when, how, for whose benefit, and in what amounts taxpayer dollars should be spent.
This delegation of power to the secretary directly violates a basic principle of constitutional law: Delegated powers cannot be delegated away.