Is George Bush and his cronies changing the nature of the constitution with his proposed bail out of corporations over the financing fiasco as a result of the default Mortgage crisis in the US, whereas individuals citizens face financial ruin but not the Corporations.
Will the US Constitution read as follows in the future:
“We the Corporations of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.”
This massive corporate welfare scheme at the expense of the individual home (mortgage) owner is shameful. The Corporations own America and it should be reflected in the constitution. Seems like it to this lefty anyways.
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The shrub has viewed the constitution with contempt right from day 1 of his presidency. The sad thing is that none of the current crop of presidential candidates has expressed any desire to undo the damage.
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BigDL, prior to this constitutional revision was the revised Declaration of Independence, where he freed himself from any contraints over his actions.
"We hold these truths to be self-evident, that most men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Wealth and Property. That to secure these rights, Governments are instituted to better serve a small group of weathy Men, deriving their just powers from the consent of the governed, or fixed elections when the need arises. That whenever any Form of Government becomes destructive of these ends, it is the Right of the Wealthy to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Wealth, Safety and Happiness."
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Dr.G.
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"The man who does not read good books has no advantage over the man who can't read these books." Mark Twain
George W. Bush tore up the Constitution in 2001 and has never looked at even the remnants since.
For the Neo-Cons, the granting of "personage" to Corporations (not sure when that happened, it was before Bushie, though) created a "citizen" with full rights -- but no responsibilities other than to make money for shareholders. That is the last contact G-Dub ever had with the concept of "rights."
I've been very torn over the last couple of decades about which is worse -- officials like Chimpy who love power but hate to govern, care nothing for humans and everything for corporations, have no concepts of democracy, the Constitution or anything it stands for --
-- or the people who passively allow their hard-won rights to be taken from them. Indeed, willingly assist in the transformation of the US from democracy to police state.
Constitutional scholars will also understand that Franklin Roosevelt's New Deal violated the Constitution, as do most of the Federal hand-out programs, the McCain-Feingold Act and Gun Control laws attempting to ban rifles, police seizure of vehicles used in crimes.
The Fannie Mae and Freddie Mac scandals are bi-partisan nightmares, encouraged by Democrats and relaized by Republicans. The mortgage meltdown is the result of the federal government's attempts to establish rules by which mortgages must be handed out.
Don't point fingers here--you just need a big brush to tar all of them.
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Constitutional scholars will also understand that Franklin Roosevelt's New Deal violated the Constitution, as do most of the Federal hand-out programs, the McCain-Feingold Act and Gun Control laws attempting to ban rifles, police seizure of vehicles used in crimes.
The Fannie Mae and Freddie Mac scandals are bi-partisan nightmares, encouraged by Democrats and relaized by Republicans. The mortgage meltdown is the result of the federal government's attempts to establish rules by which mortgages must be handed out....
I was waiting for the sober light of day for the admission "I imbibed a few to many last night" but nooooo.
Your take on the sub-prime mortgage mess is the introduction of control led to this financial mess, not the naked greed of an unregulated Wall Street?
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Your take on the sub-prime mortgage mess is the introduction of control led to this financial mess, not the naked greed of an unregulated Wall Street?
Government regulations have been designed, particularly recently, to accelerate the offering of sub-prime mortgages. 20 years ago, banks refused to lend to shaky mortgage risks. Fannie Mae and Freddie Mac--government created entities, pretending to be private--are by far the worst offenders, sinking up to 5 trillion dollars in sub prime mortgages so its directors could collect bonuses. Had these bloated monsters been whipped into submission, the sub-prime crisis would never have occurred.
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Fannie Mae was founded as a government agency in 1938 as part of Franklin Delano Roosevelt's New Deal to provide liquidity to the mortgage market. For the next 30 years, Fannie Mae held a virtual monopoly on the secondary mortgage market in the United States.
In 1968, to remove the activity of Fannie Mae from the annual balance sheet of the federal budget, it was converted into a private corporation.[5] Fannie Mae ceased to be the guarantor of government-issued mortgages, and that responsibility was transferred to the new Government National Mortgage Association (Ginnie Mae).
Fannie Mae was put under a conservatorship of the U.S. Federal government on Sunday, 2008-09-07: Federal takeover of Fannie Mae and Freddie Mac.
... was a government agency... became a private corp. and is now back under the auspices of the government.
The MESS on Wall Street is due to a rampant, unmitigated laissez-faire market where greedy scum of the earth have had more than 2 - 3 decades to pad their own pockets to such a degree is physically sickening. The real crime... the biggest of 'em are getting away with it... no ramifications, no prisons for them, no sir... bailed out by the government and then back to business. Consider the alternative however... I am so tempted to just say "OK... let "laissez-faire" be... let 'em all fall flat on their fat, pig faces on their way to worship at the alter of Milton Friedman...
UNFORTUNATELY... it will cripple the whole world market... ah the beauty of globalization...
If anyone is at all interested in the whole story... and how it affected many Canadians... (but no, you say... Canadian banks are government protected... you absolutely sure of that?) maybe you should watch and listen, I sure some of you already have been stung and know the sad story. This is the CBC... and what it's good for:
If they had not bailed AIG the world would have gone into depression right there and then. AIG had a little over half a trillion dollars insured around the world in investments. A pull out of half a trillion dollars would have caused mayhem. They announced it Tuesday and on Monday world markets were diving. Brazil's index dove 7.3% in 4 hours.
We are definitely on the verge of something nasty here. Buy water bottles. They will be worth more than stocks in a couple years.
A couple trillion Euros are going to be "appear" in some bank account in Macao and are going to somehow "transfer" around the world without any inflation.
At this level it is numbers on a computer. No bullion or economy backs it up. Money will appear somewhere and balance us out.
The American government is helping all of us out more than you are recognising.
AIG is one of the largest financial firms in the world. They could not let them sink.
The real crime... the biggest of 'em are getting away with it... no ramifications, no prisons for them, no sir... bailed out by the government and then back to business. Consider the alternative however... I am so tempted to just say "OK... let "laissez-faire" be... let 'em all fall flat on their fat, pig faces on their way to worship at the alter of Milton Friedman... 
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