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Thread: Obama Defies Congress With ‘Recess’ Picks. Could Provoke Constitutional Fight.

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    Re: Obama Defies Congress With ‘Recess’ Picks. Could Provoke Constitutional Fight.

    Quote Originally Posted by Centinel View Post
    I see your point, but I shy away from the government doing special favors for corporations with incompetent management.
    Me too, which is why I wouldn't do this for any old company any old time.

    I would have preferred they allowed the standard bankruptcy route to have played out: the owners lose their equity, the creditors become the new owners. The business continues under new, and hopefully more competent, ownership. The bankruptcy system avoids the government doing special favors for "special" corporations.
    Well, no, often bankruptcy means the business doesn't continue at all. The new owners get some old factories and equipment, along with lots of liabilities. Thousands lose their jobs and the tax revenue from the company disappears. That's what was likely to happen to GM. If a company is failing, it's failing, and bankruptcy doesn't necessarily save it.
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    Re: Obama Defies Congress With ‘Recess’ Picks. Could Provoke Constitutional Fight.

    Quote Originally Posted by Misterveritis View Post
    You might not be familiar with the concept of a Constitutionally limited government. Perhaps you should become familiar so that you can see how close we are to losing it all. If the government can do this, if it can direct us to buy stuff, if it can regulate every facet of our lives, then maybe we have already lost it are are just not aware of our loss.
    Didn't I already tell you to drop the pious baloney? Don't lecture me, son.
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    Re: Obama Defies Congress With ‘Recess’ Picks. Could Provoke Constitutional Fight.

    Quote Originally Posted by misterman View Post
    Me too, which is why I wouldn't do this for any old company any old time.



    Well, no, often bankruptcy means the business doesn't continue at all. The new owners get some old factories and equipment, along with lots of liabilities. Thousands lose their jobs and the tax revenue from the company disappears. That's what was likely to happen to GM. If a company is failing, it's failing, and bankruptcy doesn't necessarily save it.
    I see your point.

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    Re: Obama Defies Congress With ‘Recess’ Picks. Could Provoke Constitutional Fight.

    DOJ has released it's legal memo to the Presdient justifying the recess appointments: Obama recess appointments DOJ decision

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    Re: Obama Defies Congress With ‘Recess’ Picks. Could Provoke Constitutional Fight.

    Quote Originally Posted by Centinel View Post
    I see your point.
    Whoa. Didn't expect that. Thanks.
    "Yes I read the 9th [amendment]. It doesn't say **** about abortion." -Jamesrage

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    Re: Obama Defies Congress With ‘Recess’ Picks. Could Provoke Constitutional Fight.

    Quote Originally Posted by misterman View Post
    Whoa. Didn't expect that. Thanks.
    No one expects the Spanish Inquisition!!!

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    Re: Obama Defies Congress With ‘Recess’ Picks. Could Provoke Constitutional Fight.

    Quote Originally Posted by AdamT View Post
    Given that the CFPB is tasked with protecting the rights of consumers in financial transactions generally involving banks ... yeah -- pretty much. Who do you think it was that spent tens of millions of dollars lobbying against the CFPB? Hint: it wasn't consumers.
    The CFPB is tasked with the regulation of NON-banking institutions.
    Know the truth and the truth will make you mad, because the truth has no agenda.

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    Re: Obama Defies Congress With ‘Recess’ Picks. Could Provoke Constitutional Fight.

    Quote Originally Posted by misterman View Post
    Okay, if that's what you're saying. But that's debatable.
    The very fact that you say it is debatable shows just how far we have damaged the Constitution.

    Sure it does. If you're saving a good company from a short-term crisis, it makes lots of sense. And the results are beginning to show.
    No. It doesn't. This tossed out decades of standing bankruptcy law. The Executive branch bullied the courts into setting aside the bond holders' claims and gave a higher standing to the unions. This was very bad assuming we are still a nation of laws.

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    Re: Obama Defies Congress With ‘Recess’ Picks. Could Provoke Constitutional Fight.

    Quote Originally Posted by AdamT View Post
    DOJ has released it's legal memo to the Presdient justifying the recess appointments: Obama recess appointments DOJ decision
    Your link tried to give me a virus.
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    Re: Obama Defies Congress With ‘Recess’ Picks. Could Provoke Constitutional Fight.

    Quote Originally Posted by misterman View Post
    Me too, which is why I wouldn't do this for any old company any old time.
    Why not? Once you have breached the Constitution why not do whatever you want? Do what benefits your friends. Do what fills your campaign coffers. Be corrupt.

    Well, no, often bankruptcy means the business doesn't continue at all.
    As it should be. They failed. There should be consequences for owners, not taxpayers.

    The new owners get some old factories and equipment, along with lots of liabilities.
    This is nonsense.

    Thousands lose their jobs and the tax revenue from the company disappears. That's what was likely to happen to GM. If a company is failing, it's failing, and bankruptcy doesn't necessarily save it.[/QUOTE]
    True. But so what? Does this mean that as long as there is a politician willing to back it the taxpayers will be on the hook to make good any company's failure? This is reasonably for a dictatorship. It is very bad news for a representative republic.

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