Is the TARP Unconstitutional?

by Ivan Osorio on January 27, 2009 · 2 comments

in Bailout Watch, Economy, Legal

Also at Heritage today, FreedomWorks chief economist Wayne Brough described his organization’s legal analysis of the constitutionality of the Troubled Assets Relief Program. “There is a very strong non-delegation argument against the TARP,” he said. “They basically took all the debate out of the Congress and put it all in the Treasury in the Executive branch…They gave the Treasury a $700-billion blank check to spend at whim.”

For more on bailouts, see BeyondBailouts.org, a project of the Competitive Enterprise Institute and the National Taxpayers Union, as well as John Berlau’s entry on bailouts in CEI’s new Agenda for Congress.

Tagged as: Bailout Watch, bailouts, corporate welfare, pork, pork barrel spending, TARP, Troubled Assets Relief Program

{ 2 comments }

Eric January 27, 2009 at 4:12 pm: Truth is people, we can do alot about it! We just choose not to. We are to worried about who's on dancing with the stars, and what Obama ate, and is about to crap out the other end! We need to not give these individuals any compensatory packages. They need to be jailed and not in the Bernie Madoff penthouse suite. The hard times in the slammer! They should lose there homes and everything they purchased. It should all be auctioned off and the money thrown back in to the economy! These individuals should be made examples of so that it scares future CEO's and Presidents of companies into not doing this again!
Nick Brown January 28, 2009 at 7:39 am: We need at least one more post with Admiral Ackbar. It will complete the much needed tri-fecta.