A CONSTITUTION IN TATTERS: THE AIG TAKEOVER
Carl F. Worden
wolfeyes@clearwire.net
Ladies & Gentlemen:
Nothing in the Constitution of the United States allows the federal government to take over a private enterprise, no matter how big and no matter what the consequences might be for the national economy.
Article X of the Bill of Rights specifically prohibits the federal government from exercising any power or authority over any entity, agency, business or activity that is not specifically given the federal government by the Constitution, and that prohibition applies to all three branches of our government.
The Federal Reserve apparently escapes Article X, since it has become the nation’s central banking authority and does not fall under any aspect of the Constitution’s limits. In point of fact, the Framers of the Constitution warned against establishing a central bank, and since such a notion was not included in the Constitution, and because there is no provision in the Constitution to establish a central bank like the Federal Reserve, there were no specific provisions included to limit a central bank’s authority over what it could do with U.S. taxpayer money.
It bears repeating: The government of the United States, as defined by the Constitution of the United States, has been overthrown. Through a general lack of maintenance and apathy by elected officials and the People, the Constitution has been relegated to a mere menu of suggestions for how our government should be run. There is very little resemblance between what the Framers intended to how our government is conducted on a day-to-day basis.
The most troubling aspect of this general disregard for the Constitution’s limiting authority is that there is no legally defining document in force to replace it. With no adherence to the Constitution as plainly written, and with no replacement document enacted, our government has been operating on a daily basis by the seat of its pants. They just make up rules as they go.
There is no authority given by the Constitution for Congress to give the Executive Branch their exclusive power to declare war, yet the Congress did just that when they voted for an illegal “Resolution” to give President Bush the authority to wage war on Iraq. Nothing in the Constitution allows the federal government to dictate how children can be educated, yet we have a U.S. Department of Education! I could go on and on detailing the many blatant violations of constitutional law, but that is not the point of this article.
The point of this article is that our government has quite literally opened Pandora’s Box through their intervention in the business failures of Bear-Stearns and now American International Group, otherwise known as AIG. Between those two bailouts, the government inexplicably decided to let Lehman Brothers go belly-up, and just today Washington Mutual (WaMu) announced they were for sale to the highest bidder, knowing full well that their books are so smelly that nobody in their right mind would buy the firm. It is more than obvious WaMu is hoping for a government intervention as well.
The problem is that these precedent-setting acts by the government to bail-out one American firm, while letting another hit the wall, will undoubtedly result in lawsuits demanding equal protection for all large American firms facing bankruptcy through every fault of their own.
There is no question that the Government of the United States is operating in panic mode right now due to the ever-escalating bad news in our financial markets, and they are doing whatever they believe is necessary to soften the economic fall taking place no matter what the Constitution allows. That alone should tell you how desperate things really are right now.
Public officials of all stripes are facing a public backlash when the inevitable crash occurs, and I’m not talking about people showing up in town meetings and venting their frustrations. No, I’m talking about the consequences public officials face when all forms of Social Security, Medicare, food stamps and general welfare dry up. When that happens, and I am quite certain it will, there will be a level of violence that erupts all over this nation, from attacks on all forms of government to ransacked commercial firms by armed gangs to in-home invasions by desperate people who cannot feed their children.
I foresee a very violent and bloody period approaching that may well be the death-knell for the United States as we’ve known it.
wolfeyes@clearwire.net
Ladies & Gentlemen:
Nothing in the Constitution of the United States allows the federal government to take over a private enterprise, no matter how big and no matter what the consequences might be for the national economy.
Article X of the Bill of Rights specifically prohibits the federal government from exercising any power or authority over any entity, agency, business or activity that is not specifically given the federal government by the Constitution, and that prohibition applies to all three branches of our government.
The Federal Reserve apparently escapes Article X, since it has become the nation’s central banking authority and does not fall under any aspect of the Constitution’s limits. In point of fact, the Framers of the Constitution warned against establishing a central bank, and since such a notion was not included in the Constitution, and because there is no provision in the Constitution to establish a central bank like the Federal Reserve, there were no specific provisions included to limit a central bank’s authority over what it could do with U.S. taxpayer money.
It bears repeating: The government of the United States, as defined by the Constitution of the United States, has been overthrown. Through a general lack of maintenance and apathy by elected officials and the People, the Constitution has been relegated to a mere menu of suggestions for how our government should be run. There is very little resemblance between what the Framers intended to how our government is conducted on a day-to-day basis.
The most troubling aspect of this general disregard for the Constitution’s limiting authority is that there is no legally defining document in force to replace it. With no adherence to the Constitution as plainly written, and with no replacement document enacted, our government has been operating on a daily basis by the seat of its pants. They just make up rules as they go.
There is no authority given by the Constitution for Congress to give the Executive Branch their exclusive power to declare war, yet the Congress did just that when they voted for an illegal “Resolution” to give President Bush the authority to wage war on Iraq. Nothing in the Constitution allows the federal government to dictate how children can be educated, yet we have a U.S. Department of Education! I could go on and on detailing the many blatant violations of constitutional law, but that is not the point of this article.
The point of this article is that our government has quite literally opened Pandora’s Box through their intervention in the business failures of Bear-Stearns and now American International Group, otherwise known as AIG. Between those two bailouts, the government inexplicably decided to let Lehman Brothers go belly-up, and just today Washington Mutual (WaMu) announced they were for sale to the highest bidder, knowing full well that their books are so smelly that nobody in their right mind would buy the firm. It is more than obvious WaMu is hoping for a government intervention as well.
The problem is that these precedent-setting acts by the government to bail-out one American firm, while letting another hit the wall, will undoubtedly result in lawsuits demanding equal protection for all large American firms facing bankruptcy through every fault of their own.
There is no question that the Government of the United States is operating in panic mode right now due to the ever-escalating bad news in our financial markets, and they are doing whatever they believe is necessary to soften the economic fall taking place no matter what the Constitution allows. That alone should tell you how desperate things really are right now.
Public officials of all stripes are facing a public backlash when the inevitable crash occurs, and I’m not talking about people showing up in town meetings and venting their frustrations. No, I’m talking about the consequences public officials face when all forms of Social Security, Medicare, food stamps and general welfare dry up. When that happens, and I am quite certain it will, there will be a level of violence that erupts all over this nation, from attacks on all forms of government to ransacked commercial firms by armed gangs to in-home invasions by desperate people who cannot feed their children.
I foresee a very violent and bloody period approaching that may well be the death-knell for the United States as we’ve known it.
posted by Chuck Demastus at 7:56 PM
1 Comments:
The writer has given us a well directed warning and we, as citizens, must take action to demand that our government return to being that body of representatives that our constitution gave us. The man in the White House and too many Congressman and Senators use their positions to finance greed in those who are their so-called "friends" and who prey on this countries populace.
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