Okay, I understand everyone is upset about this whole AIG bonus mess. I am too. It’s Chris Dodd’s fault - blame him - he intentional took the measure that would have made these bonuses illegal OUT of the bill. Shocking I know.
The House is now passing measures that would ‘punish’ these executives by taxing the money by 90-100%.
One problem. That’s not constitutional. You cannot single out a group of people for taxable punishment under Article 1 Section 9 of the Constitution, “No Bill of Attainder or ex post facto Law shall be passed.” Even if the public is ticked off because their law makers are less than literate of their own bills, much less the constitution.
Sorry. The actual answer is for the government to STOP unconstitutionally using tax payer funds to bail out private institutions.
Thursday, March 19, 2009
Chris Dodd is an Idiot, So Now the House Wants to Throw the Constitution Out the Window
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These types of activities are not new or novel for a Democratic Administration. FDR proposed and had implemented many programs that he saw as being essential to bringing the US out of recession that were later declared unconstitutional by the Supreme Court. Unfortunately, many of these unconstitutional programs were later shown to be ineffective and, the Supreme Court's rulings came way too late to correct and rectify the injustices.
We too don't have a clue as to where this country is heading. What makes me more concerned though is the lack of concern by so many. I mean this is a vital point in our country and by all means not a time to be sitting back twiddling our thumbs. SPEAK AMERICA!
http://www.youtube.com/watch?v=jeYscnFpEyA
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