Congress TRASHES the Constitution and Economic Recovery

[JackR]

Despite what the article states, Congress did not pass a 90% Constititionally prohibited ex post facto tax law, the House passed a tax bill. The Senate must pass the bill as well. Then the President must sign it before it becomes a law.

One of the basic ideas behind the House 2 year terms and Senate 6 year terms, was to moderate or block impulsive action such as that the 90% tax bill represents. If it becomes law the Courts will act to throw it out, a slam-dunk as George Tenet used to say.

The end of the world as we know it has not arrived quite yet.

Jack

 

[Ticketwatcher]

In the beginning, the crisis was caused by business taking way more risk than it could ever hope to manage. Some of that risk was taken not only by a lack of Gubmint oversight but Gubmint encouragement.

Now, we have the Gubmint playing doctor.

But these Gubmint boys and girls are practicing the medicine of centuries past. They intend to save the hemorrhaging patient by bleeding him with leeches, lots and lots of leeches.

 

[EMRGLOBAL]

And what about in 2006 and M3 reporting? Hummm, could it be that the "Tres" and the "Feds" saw this coming. And that we are very much into a deep depression but that the "Curtain" has yet to fall and expose the wizard.



http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=92534

 

[gigsup]

Quote from RiceRocket:

I'm really pissed off right now about what's happening in Washington. In the past few months my beliefs about this country have been shattered. The things I learned in business school and economics are now treated in the media and by policy makers as falsehoods. It seems like we have entered an alternate reality where ignorance and idiocracy rule the day. How can the people of this country go any further with the current government that is in place? The system is failing and the more congress pushes, the closer we get to the break point.

What's the most disgusting thing about the way things are is the false language used. Congress is not being populist. They are inventing issues, that they think are populist. How many people here give a shit about a couple hundred million in bonuses to AIG when we just saw them get 150 billion which was laundered to overseas banks? Congress is bowing down to the corporate interests that rule washington politics. They pass these bullshit bonus bills to distract attention from what's really going on; Massive money laundering from the public sector to the corporate balance sheets.

Agree. They are behaving as if they have lost their moral

compass.

 

[Pa(b)st Prime]

Hopefully you understand that it's attitudes like yours that CAUSE and ABET tyranny and unlawfulness.

Quote from bigarrow:

The main attack on the constitution started in 2001 with the Bush republicans, now it's the democrats turn, this is small potatoes though, and I have no sympathy for the AIG millionaires. There are thousands of laws and actions of congress and our presidents and businesses past and present that are unfair and this is at the bottom of the list that worries me. And it may be beneficial, maybe it will put the fear of god into some of the crocked businessmen out there. It's good to have a cause but this cause, fighting for AIG, isn't on the list of worthy causes.

 

[sandygray66]

Quote from JackR:

Despite what the article states, Congress did not pass a 90% Constititionally prohibited ex post facto tax law, the House passed a tax bill. The Senate must pass the bill as well. Then the President must sign it before it becomes a law.

One of the basic ideas behind the House 2 year terms and Senate 6 year terms, was to moderate or block impulsive action such as that the 90% tax bill represents. If it becomes law the Courts will act to throw it out, a slam-dunk as George Tenet used to say.

The end of the world as we know it has not arrived quite yet.

Jack

What you say is true. But what's scary is how hastily the House passed their bill, and with bipartisan support. Hopefully the Senate will proceed with more caution and consideration of the broader ramifications of the House's knee-jerk reaction. However, a similar bill has been proposed in the Senate (albeit with 70% rather than 90% confiscatory rates). And there's absolutely no chance that this President will veto any kind of law passed by Congress along these lines.

And then yes, HOPEFULLY the Courts will act with appropriate jurisprudence.

While "the end of the world as we know it has not arrived yet", we're on the slippery slope to that destination.

 

[ByLoSellHi]

Screw AIG and any other shitty ass company depending on taxpayer money as life support.

Bonuses? Are you insane?

 

[sandygray66]

Quote from ByLoSellHi:

Bonuses? Are you insane?

Translated, your rhetorical question reads, "Contracts? Rule of law? Are you insane?"

 

[lundy]

Congress is acting within the limits of the constituition.

People are just ignorant.

The constitution clearly says that the government can do as it likes with regards to DC and those who hold an office in government. All entities with a federal tax id number are subject to the whims of the government and not protected under the constitution so long as they continue to hold an office.

It's a fact, read the constitution.

 

[jprad]

Quote from JackR:

One of the basic ideas behind the House 2 year terms and Senate 6 year terms, was to moderate or block impulsive action such as that the 90% tax bill represents. If it becomes law the Courts will act to throw it out, a slam-dunk as George Tenet used to say.

How long does a bill have to bake in Congress in order to be "moderate" and not "impulsive?"

If it's longer than 45 days then you've got some 'splainin' to do because that's how many days after the towers fell that the PATRIOT act became law.

BTW, the Court doesn't act, it decides...