Subject | Re: Calumet files Chapter 7 |
From | PeterN |
Date | 03/27/2014 17:13 (03/27/2014 12:13) |
Message-ID | <lh1imh01rqe@news4.newsguy.com> |
Client | |
Newsgroups | rec.photo.digital |
Follows | PAS |
Followups | PAS (43m) > PeterN |
PASThe concept has been.
"PeterN" <peter.newnospam@verizon.net>wrote in message >On 3/26/2014 9:04 AM, PAS wrote:PAS"PeterN" <peter.newnospam@verizon.net>wrote in messagePeterNPeterNPAS
the Constitution is not to be read literally. e.g. Freedom of speech does not give anyone ot yell "fire" in a crowded theater. Freedom of religion does not give the right to use illegal drugs, or commit bigamy, etc.
The bailout is legal under the Commerce clause. If you fell the government has actd illegally, you have a right to bring an action to stop the action, provided you are harmed by it.
IMO, it is a ridiculous stretch to interpret the Commerce clause as giving the power to the federal government to take taxpayer money and invest in businesses. The Commerce clause is for regulation, not investing. Yes, we were all harmed by the unconstitutional action - the taxpayers lost over 10 billion in the GM bailout.
fortunately, the vast majority of our elected officials, and multiple decisions of the Supreme Court, with judges appointed by both parties, think otherwise.
I don't recall the bailouts being challenged in the Supreme Court.