Tuesday, March 31, 2009

The Bailout Is Unconstitutional

George F. Will - Bailing Out of the Constitution - washingtonpost.com:
"It is high time Americans heard an argument that might turn a vague national uneasiness into a vivid awareness of something going very wrong. The argument is that the Emergency Economic Stabilization Act of 2008 (EESA) is unconstitutional."
George Will makes the argument that Congress cannot delegate its constitutionally reserved powers to the executive branch, and that is what it has done in the TARP bailout law. That's right, I almost forgot about it, we have that Constitution thingy.

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