Saturday, May 23rd, 2009 at 7:07pm

Barack Obama Bailout Plan

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barack obama bailout plan
Is Obama’s plan for Government Motors and Chrysler illegal? Why are dems questioning this?

CNSNews.com) – House Majority Leader Steny Hoyer (D-Md.) told CNSNews.com on Tuesday that he does not know where President Barack Obama gained legal authority to oversee a restructuring of General Motors and Chrysler. But if authority is a question, he said, then Congress will grant it to the administration.

However, when Congress tried to enact an auto industry bailout plan in December, the legislation was approved by the House but failed in the Senate where, under the rules, it needed 60 votes.

Senate Banking Chairman Chris Dodd (D.-Conn.), meanwhile, toldCNSNews.com he was somewhat surprised that the administration did not consult with him at all about its auto industry plan despite his key committee chairmanship and that he had “been reading about it in the papers basically.”

http://www.cnsnews.com/public/content/article.aspx?RsrcID=45922

(1) Yes.it is illegal! No Constitutional authority, this is beyond all Constitutional and common law precedent — we are solidly in dictatorial seizure of power territory here.

(2) Obama’s overwhelming hubris is turning off even the most venal of kleptocrats such as Dodd.

Why? Even gangs of marauding thieves are smart enough to leave teh villagers with some small amount of food and seed corn, otherwise even the thieves will come to starve — for the village and its crop will be gone the next year.

Rick Santelli and the “Rant of the Year”


ABC News Nightline Terry Moran Interviews President Obama


ABC News Nightline Terry Moran Interviews President Obama


$14.95


As his administration’s version of the Troubled Asset Relief Program (TARP) is unveiled, President Barack Obama sits down with ”Nightline” co-anchor Terry Moran for an exclusive interview. The interview takes place in Fort Myers, Florida, where the President completed a town hall meeting on his economic stimulus package. Mr. Obama’s interview with ”Nightline” is his first network interview sin…

More fright-peddling, more bailouts.(THE LAST WORD)(president Barack Obama's bailout plans): An article from: The New American


More fright-peddling, more bailouts.(THE LAST WORD)(president Barack Obama’s bailout plans): An article from: The New American


$9.95


This digital document is an article from The New American, published by American Opinion Publishing, Inc. on February 2, 2009. The length of the article is 799 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: More fright-peddling, m…


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© 2009 Hope Change and Obama: The 44th President of the United States, Barack H. Obama