Checks, Balances and Constitutional Theory
I'm still waiting for soemeone to tell me, under what legal theory does the Congress have the authority to "bail out" any private business.
The only answer I get is the same one I got when I questioned about the Chrysler Corp. bail-out: The General Welfare Clause.
That's as much hokem as how the Congress and Courts have stretched the Commerce Clause.
Edit: All off-topic posts moved from the bailout thread to this thread.
Last edited by Al Norris; October 13, 2008 at 08:34 AM.
Reason: new thread