I'm going to puke.

[Slowhand]

You can kiss the Democratic system goodbye.

I was having a discussion with my brother earlier today about the the bailout situations and how disgusting it is to watch our financial system get ruined by idiots.

Then, just as I thought I couldn't be any more disgusted, he pointed me to Section 8 of the Treasury's bailout proposal that they have submitted to congress which reads:

"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."

So not only will we have given up the freedom of our financial markets to our government, we will also have given up the ability to question and review the decisions that our government will make with these so called "free markets."

Perhaps I'm overreacting, but this only further seems to encourage my theory that we need to go ahead and dissolve our current government.

The good news from all of this is that our new public debt limit will only be $11.315 Trillion! Good news! :rolleyes: :eek: :(

[Tx Redneck]

Oh boy!

[ayzo]

So not only will we have given up the freedom of our financial markets to our government, we will also have given up the ability to question and review the decisions that our government will make with these so called "free markets."


If you think the bailout bill is bad, wait until you read the federal reserve act: http://www.federalreserve.gov/aboutthefed/fract.htm

[Mustangman_2000]

Depressing.

[46Tbird]

Whoever wrote that into the legislation (deliberately, obviously) or votes to approve it should be tried as a traitor to the United States and the legislation immediately nullified.

Has anyone in our government READ the Constitution?!??

Plaguerized from wikipedia:

Separation of powers is not absolute; it is instead qualified by the doctrine of checks and balances. James Madison wrote that the three branches "should not be so far separated as to have no constitutional control over each other." The system of checks and balances is designed to allow each branch to restrain abuse by each other branch.

[Slowhand]

If you think the bailout bill is bad, wait until you read the federal reserve act: http://www.federalreserve.gov/aboutthefed/fract.htm

I'm afraid to even open that link.


Has anyone in our government READ the Constitution?!??


Apparently not, and it's a scary thing that they haven't. Thus, I'm calling for an Italian-like dissolving of our government, although I may not want to say that too loud.

[46Tbird]

Apparently not, and it's a scary thing that they haven't. Thus, I'm calling for an Italian-like dissolving of our government, although I may not want to say that too loud.
"Just because you're not paranoid... doesn't mean they're not watching you."


I suggest we don't overthrow the government. I mean, how will the financial and automobile industries survive without them? :rolleyes:

[Slowhand]

"Just because you're not paranoid... doesn't mean they're not watching you."


I suggest we don't overthrow the government. I mean, how will the financial and automobile industries survive without them? :rolleyes:

More importantly, how would Katrina evacuees get their FEMA checks?

[SlowLX]

You can kiss the Democratic system goodbye.

I was having a discussion with my brother earlier today about the the bailout situations and how disgusting it is to watch our financial system get ruined by idiots.

Then, just as I thought I couldn't be any more disgusted, he pointed me to Section 8 of the Treasury's bailout proposal that they have submitted to congress which reads:

"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."

So not only will we have given up the freedom of our financial markets to our government, we will also have given up the ability to question and review the decisions that our government will make with these so called "free markets."

Perhaps I'm overreacting, but this only further seems to encourage my theory that we need to go ahead and dissolve our current government.

The good news from all of this is that our new public debt limit will only be $11.315 Trillion! Good news! :rolleyes: :eek: :(
The courts will just list this as invalid, you really can't legislate out the courts.

[Slowhand]

The courts will just list this as invalid, you really can't legislate out the courts.

I'm not to worried about that part of it making it through, but the fact that people are deliberately placing things like this in their legislation is worrying me.

[SlowLX]

I'm not to worried about that part of it making through, but the fact that people are deliberately placing things like this in their legislation is worrying me.
It's nothing new, every now and then someone will try to get around the govt for their own needs. Just go back and look at all the things the courts have named unconstitutional over the years.

[564826]

Alex, Capitalist Socialism for 1000 please.

[TexasDevilDog]

Long live King Paulson. :rolleyes:

[1fastdem]

I cannot agree more about the issue of legislating the courts out. It is wrong and most likely overturned. However I think both branches know this will happen but they are putting it in regardless and here is why... Here me out and think about this.

1. Most commentators and the gov. feels fast action to contain the crisis is essential to limit the damage. (I don't agree but what I think doesn't matter, see below)
2. We all know ANY lawsuit to halt the enforcement of the bill would delay the implimentation of the bill. Because any judge hearing the lawsuit to halt the bill would probably issue an injunction against the implimentation of the bill.
3. By removing the courts right to hear the bill, the first lawsuit would have to be on the constitutionality of the bills exclusion of the courts. In this case the courts could not issue an injuction.
4. By the time a suit like this makes it way through the court system it would be 'too late'. The gov. would have bought all the bad debt it could. (If the markets work quick the gov. could have all the bad debt purchased in a week. And I expect everyone to unload their bad loans ASAP.)

Now, I think this is a BS plan that makes the gov look good to the average taxpayer while we get nothing but screwed. I think the market is correcting itself now. The investment banks that existed for 80 years are no more. Their plans to become more conventional banks will reshape the markets in ways we can't know now. This bailout was what was needed if the market continued in its old ways. Now it seems if, yet again, the government is responding to yesterdays problems with yesterdays answers when that no longer applies.

Think of it as a guy on his second marriage trying to fix his 1st one when he should be working on the 2nd.