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#1259172 - 09/30/09 03:12 PM Obama and Article 1 Section 8 of Constitution
TheManofSteel Offline
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TheManofSteel
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Fortress of Solitude
As reported two weeks ago in The Patriot Post (and practically nowhere else), Indiana Treasurer Richard Murdock filed an appeal with the U.S. Supreme Court seeking review of the legality of the Obama-forced bankruptcy of Chrysler, LLC.

Murdock is petitioning the Court to rule on Barack Obama's blatant disregard of the U.S. Constitution, Article 1, Section 8, which explicitly authorizes Congress, and not the president, to determine bankruptcy laws. In particular, Murdock is challenging the president's unashamed indifference to more than 220 years of bankruptcy precedent, which puts senior, or secured, creditors ahead of junior, or unsecured, creditors during bankruptcy proceedings.

With regard to the latter, BO unilaterally declared a 55 percent ownership stake for the UAW, a junior creditor, and he donated a 20 percent ownership stake to non-creditor and non-investor Italian automobile maker Fiat, which was also given options for an additional 15 percent. (Fiat exchanged not even one penny for its ownership stake or options, and the jury is still out as to the politics behind that unsavory deal.)

Adding insult to injury, BO announced that he would bestow senior creditors only 29 cents on the dollar for their bond holdings. From the onset of this fiasco, the largest senior creditors, representing $6.6 billion, calculated Chrysler's value to be at least 90 cents on the dollar. Other private and public senior creditors, representing $300 million, along with private analysts, concurred. Even Chrysler itself argued that it was worth more than 29 cents per dollar.

But, when BO and his Treasury thugs held firm, everyone prepared to do battle in bankruptcy court. Then, one morning, the largest senior creditors withdrew their opposition. In an act of cowardice, California and Michigan public funds decided to play along with Obama's scheme, so as not to jeopardize potential federal bailout moneys.

Only Indiana Treasurer Richard Murdock, fiduciary of three relatively small Indiana public funds ($45 million total invested in Chrysler bonds), stood firm.

During the discovery phase, under threats and intimidation from the "tolerant" Left, Murdock documented how the largest senior creditors had changed position because Obama officials had assured them overnight, Chicago-style, that they were "too big to fail," and that their substantial losses as Chrysler bondholders would be recovered through other government programs.

While a stay to prevent the Obama-forced bankruptcy was eventually rejected by the full Supreme Court, no ruling was ever made based upon the legal merits of the case. Hence, the appeal.

Of course, this is not the only instance where BO (and George W. Bush before him) has, with a Democrat-controlled Congress, used the "too big to fail" ploy. Banking, investing, insurance and mutual funds are other economic sectors that have also been usurped over the last 12 months by Big Brother.

While each of these events, in and of itself, has been devastating to our liberty and our pursuit of happiness, they have been mere tactics in an end-game strategy -- that of engendering Democrats themselves as too big to fail.

Obama's disregard of the Constitution is also evident in his naming of some 30 so-called czars, policy coordinators who usurp even Democrat-controlled congressional constitutional authority, bypassing the budgetary responsibilities of the House of Representatives and the advice-and-consent responsibilities of the Senate.

With Leftist Democrats in control of the House and with a veto-proof majority in the Senate (and an occasionally traitorous Republican), Democrats are ramming through legislation unwanted by the American public (Card Check, Cap-and-Tax, government-run health care). In addition, they are stonewalling certain investigations and pursuing others so as to suit their immediate political needs.

More egregiously, Leftist Democrats are surreptitiously scheming to legalize 30 million illegal aliens and to force same-day voter registration across the country, thereby allowing them to convert these freshly minted "citizens" into millions of new Democrat votes.

Another dire consequence of this veto-proof Senate majority is that Democrats are packing our courts with "living Constitution" judges. Unlike Democrat hero Franklin D. Roosevelt's efforts to pack the Supreme Court directly, this modern Democrat tactic seeks to stock the appellate court level. After all, little attention is paid to appellate nominees, and appellate courts can be altered more stealthily than can the Supreme Court.

Significantly, packing the appellate level furnishes Democrats with a layer of insulation between their election-stealing shenanigans and the Supreme Court. If, for example, informed and patriotic voters were able to file suit over a rigged election (quite challenging and expensive, in and of itself), these "living documenters" could stymie or accelerate appeals, depending upon which rulings would support the desired outcome.

The fulcrum of this too-big-to-fail strategy is Obama's coercion of his own party members, especially those vulnerable in the 2010 elections. First, consider the frustration and outrage displayed during the August congressional recess. Then, consider Democrat incumbents' disdain and mockery of constituents who dared to challenge their Leftist agenda. Under "normal" circumstances, the prognosis for such an incumbent would be very dark. Alas, these are not normal days.

Be it by persuasion or coercion, every vulnerable Democrat is being forced to march in Leftist lock-step, to walk the plank on each and every piece of legislation, and, ultimately, to vote in favor of immigrant legalization and same-day voter registration to garner the ensuing millions of voters.

Couple these tactics and advantages with ACORN's illegal get-out-the-vote efforts, BO's hundreds of millions in campaign fund dollars, and the Democrat shakedown of industries and companies around the world, and the 2010 Democrat congressional candidates would appear to be positioned as "too big to fail."

Team Obama, however, lacks one major element in their nefarious conniving -- the truth. Indeed, it is their brazen lying, half-truths and obfuscations, which have awakened the sleeping giant of American Patriotism.

We are a generous and tolerant nation, the greatest in the history of mankind. We have freed other nations and peoples from tyrannies and oppressions, and we have done so at great cost of our blood and treasure. But, we have reached the limit with Obamanism, this nascent American Communism.

While The Patriot Post's motto, Veritas Vos Liberabit, takes its inspiration from John 8:32, "The truth shall set you free," as Ronald Reagan noted, "There are no easy answers, but there are simple answers. We must have the courage to do what we know is morally right."

And, Edmund Burke once noted, "All that is necessary for evil to succeed is that good men do nothing."

George Washington urged, "We should never despair, our Situation before has been unpromising and has changed for the better, so I trust, it will again. If new difficulties arise, we must only put forth new Exertions and proportion our Efforts to the exigency of the times."

Are Obama and his Democrat minions too big to fail? I say, emphatically, NO! Indeed, they already are failures.

Still, there is much to be done to save our Republic. To paraphrase Thomas Paine, freedom is being hunted, reason is considered as rebellion and the slavery of fear makes men afraid to think. Fortunately, as Paine further observed, "[S]uch is the irresistible nature of truth, that all it asks, and all it wants, is the liberty of appearing."

If we continue to shine the light of Truth, we may yet force these Leftist cockroaches to scurry for cover. Let us pray for Almighty God's guidance. Let us roll up our sleeves and extend to our posterity proof that we were worthy of the title "American."

Semper Vigilo, Fortis, Paratus et Fidelis!

Mark Alexander
Publisher, PatriotPost.US, with J. Adams Clymer
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"Beneath an ever watchful eye...the angels of the temple fly"

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#1259187 - 09/30/09 03:20 PM Re: Obama and Article 1 Section 8 of Constitution TheManofSteel
Buccs Offline
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Joined: May 2009
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Ohio
Well that was fair and balanced

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#1259227 - 09/30/09 03:41 PM Re: Obama and Article 1 Section 8 of Constitution Buccs
Miscuit Offline
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do i detect sarcasm?


you know...without a "smirk smiley"...it's hard to tell



smirk

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#1259242 - 09/30/09 03:49 PM Re: Obama and Article 1 Section 8 of Constitution Miscuit
Buccs Offline
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No! I'm never sarcastic



















smirk

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#1259243 - 09/30/09 03:50 PM Re: Obama and Article 1 Section 8 of Constitution Miscuit
Pale Rider Offline
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under the Lone Star
more like put the unions ahead of everyone else......
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#1259275 - 09/30/09 04:11 PM Re: Obama and Article 1 Section 8 of Constitution Buccs
straw Offline
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straw
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Originally Posted By: Buccs
Well that was fair and balanced


What the article or the Bankruptcy deal wink

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#1259281 - 09/30/09 04:17 PM Re: Obama and Article 1 Section 8 of Constitution straw
HappyGilmore Offline
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Pulling people out of the ditc...
I'm fairly certain that as a former community organizer, he would be well versed on Section 8...
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Providing alternative truths since the invention of time

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#1259320 - 09/30/09 05:01 PM Re: Obama and Article 1 Section 8 of Constitution Miscuit
A_G Online
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Too long to read.

I need a recap.
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#1259340 - 09/30/09 05:22 PM Re: Obama and Article 1 Section 8 of Constitution A_G
YosemiteSamIAm Offline
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Guess
Wow, talk about pandering...
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#1259347 - 09/30/09 05:26 PM Re: Obama and Article 1 Section 8 of Constitution A_G
HappyGilmore Offline
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Pulling people out of the ditc...
Originally Posted By: Eh? Gee
Too long to read.

I need a recap.


and this response, folks, shows how the current president achieved office!
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Providing alternative truths since the invention of time

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#1259366 - 09/30/09 05:35 PM Re: Obama and Article 1 Section 8 of Constitution A_G
Buccs Offline
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Ohio
Originally Posted By: Eh? Gee
Too long to read.

I need a recap.


recap:

everything is the fault of the demoCRAPS! Those leftist cockroaches will feel our wrath!

(Yes, the phrase "leftist cockroaches" was actually used in the diatribe.)

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#1259368 - 09/30/09 05:36 PM Re: Obama and Article 1 Section 8 of Constitution HappyGilmore
Tigg Offline
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Tigg
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Looking for My Happy Place....
Originally Posted By: HappyGilmore
Originally Posted By: Eh? Gee
Too long to read.

I need a recap.


and this response, folks, shows how the current president achieved office!


..and how all most current laws are being passed in Congress...
Last edited by Tigg; 09/30/09 05:41 PM. Reason: to be more figuratively accurate
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My opinion only.

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#1259377 - 09/30/09 05:44 PM Re: Obama and Article 1 Section 8 of Constitution Buccs
straw Offline
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straw
Joined: Nov 2002
Posts: 9,121
Originally Posted By: Buccs
Originally Posted By: Eh? Gee
Too long to read.

I need a recap.


recap:

everything is the fault of the demoCRAPS! Those leftist cockroaches will feel our wrath!

(Yes, the phrase "leftist cockroaches" was actually used in the diatribe.)


So you agree court precendents and the rule of law should be thrown out when it is politically expedient to do so? Works both ways. I am sure your tune will be different when a republican president strikes a similar deal that favors his/her political cronies.

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#1259393 - 09/30/09 05:58 PM Re: Obama and Article 1 Section 8 of Constitution straw
Buccs Offline
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Posts: 3,567
Ohio
I'll be honest in saying that I don't know everything about this situation, other than what was reported months ago about how displeased the bondholders are.

The article itself just sits badly with me. Stuff like this is just dumb when you're trying to report on something:

Quote:
But, we have reached the limit with Obamanism, this nascent American Communism.


Quote:
we may yet force these Leftist cockroaches to scurry for cover


Quote:
freedom is being hunted, reason is considered as rebellion and the slavery of fear makes men afraid to think


It's the Glenn-Beck-y type rhetoric that I have a problem with. Along with the fact that it's horribly unfocused and tries to slip in as many right wing buzz words as possible. It's just trite. It sounds like it was written by a freeper, for freepers.

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#1259422 - 09/30/09 06:14 PM Re: Obama and Article 1 Section 8 of Constitution HappyGilmore
A_G Online
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Originally Posted By: HappyGilmore
Originally Posted By: Eh? Gee
Too long to read.

I need a recap.


and this response, folks, shows how the current president achieved office!


Are you implying I could be voted in as POTUS?!?! grin
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#1259427 - 09/30/09 06:16 PM Re: Obama and Article 1 Section 8 of Constitution A_G
Blade Scrapper Offline
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Blade Scrapper
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Outside A Garage
You have about the same level of experience.
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#1259429 - 09/30/09 06:18 PM Re: Obama and Article 1 Section 8 of Constitution Buccs
straw Offline
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straw
Joined: Nov 2002
Posts: 9,121
Originally Posted By: Buccs
I'll be honest in saying that I don't know everything about this situation, other than what was reported months ago about how displeased the bondholders are.

The article itself just sits badly with me. Stuff like this is just dumb when you're trying to report on something:

Quote:
But, we have reached the limit with Obamanism, this nascent American Communism.


Quote:
we may yet force these Leftist cockroaches to scurry for cover


Quote:
freedom is being hunted, reason is considered as rebellion and the slavery of fear makes men afraid to think


It's the Glenn-Beck-y type rhetoric that I have a problem with. Along with the fact that it's horribly unfocused and tries to slip in as many right wing buzz words as possible. It's just trite. It sounds like it was written by a freeper, for freepers.


No argument with you on most of the article after the first 3 paragraphs discussing the GM bankruptcy. You might want to look into it. A bit of a travesty for everyone but UAW, which of course trickles down to the taxpayers because future GM creditors will demand a higher return since they know they are really unsecured, no matter what their contracts say.

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#1259441 - 09/30/09 06:27 PM Re: Obama and Article 1 Section 8 of Constitution straw
Buccs Offline
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Posts: 3,567
Ohio
I will say I agree: the first 3 articles are written well, but after that it gets a little freepy.

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#1259444 - 09/30/09 06:28 PM Re: Obama and Article 1 Section 8 of Constitution Buccs
straw Offline
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straw
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freepy - combination of freaky and creepy? smile

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#1259453 - 09/30/09 06:32 PM Re: Obama and Article 1 Section 8 of Constitution straw
Peepers Offline
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ohhhh, I know what a spork is!
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blah

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#1259455 - 09/30/09 06:33 PM Re: Obama and Article 1 Section 8 of Constitution straw
Buccs Offline
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Ohio
"freepy" = freerepublic.com

The bat**** insane part of the right wing. The kind of Republicans that dream of a future with Michelle Bachman as president.

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#1259460 - 09/30/09 06:35 PM Re: Obama and Article 1 Section 8 of Constitution Tigg
Miscuit Offline
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Originally Posted By: Tigg
Originally Posted By: HappyGilmore
Originally Posted By: Eh? Gee
Too long to read.

I need a recap.


and this response, folks, shows how the current president achieved office!


..and how all most current laws are being passed in Congress...



took the words right outta my mouth, Tiggeroni!

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#1259462 - 09/30/09 06:36 PM Re: Obama and Article 1 Section 8 of Constitution Buccs
straw Offline
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straw
Joined: Nov 2002
Posts: 9,121
I don't follow the fringes of either left or right. Just not worth my time or interest.

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#1259464 - 09/30/09 06:36 PM Re: Obama and Article 1 Section 8 of Constitution Buccs
buggs Offline
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Posts: 8,487
Originally Posted By: Buccs
Well that was fair and balanced

I assume it was posted on a blog, therefore fair and balanced doesn't apply. Let the buyer beware.

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#1259483 - 09/30/09 06:45 PM Re: Obama and Article 1 Section 8 of Constitution straw
Buccs Offline
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Originally Posted By: straw
I don't follow the fringes of either left or right. Just not worth my time or interest.


There is plenty of crazy on both sides to be sure.

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