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SENTRY JOURNAL » Constitution, Financial Reform, H.R. 4173, Politics, U.S. Chamber of Commerce, Video » Is the Financial Reform Bill Unconstitutional?

Is the Financial Reform Bill Unconstitutional?

With the Senate on the verge of driving a stake through the heart of our free market system with the new and improved Financial Reform bill (H.R. 4173), I question whether it’s constitutional.

The U.S. Chamber of Commerce’s view on this bill can be summed up in the following excerpt: the U.S. Chamber of Commerce today highlighted to lawmakers the regulatory tsunami that will develop from the conference base text, including 355 potential new rulemakings, 47 studies, and 74 reports—and potentially dozens more as implementation begins. “This tsunami of new rules and studies will perpetuate uncertainty and fail to provide clear rules of the road,” said David Hirschmann, president and CEO of the Chamber’s Capital Markets Center. “Business needs certainty, and we urge Congress to provide as much clarity as possible to ill-defined terms that would otherwise be left to regulators and litigators to define over the course of several years.”

Three Republicans have crossed over to support this capitalism crushing bill giving the Democrats the 60 votes needed to push the bill through.  I won’t go into who the three Republicans are because other blogs will be more than happy to expose these RINOs.  What I want to talk about is Congress trying to pass another bill that doesn’t pass the constitutionality test.

A few weeks ago Judge Andrew Napolitano offered up his opinion on this topic on Fox News with Neil Cavuto. 

It shouldn’t surprise anyone that congress would attempt to pass a bill that violates the Constitution.  I mean this has become second nature for the 111th Congress.  They passed ObamaCare under the commerce clause which has raised strong constitutional concerns from a number of states.  The House passed the Disclose Act which many see as a potential law abridging freedom of speech.  And now they are going to pass a Financial Reform bill that gives the government the extraordinary powers to seize private property.  Can someone please tell me how this acceptable in America?  I know what they are doing.  They are passing these bills to get the infrastructure of the law in place before it can be constitutionally challenged.  When the law finally makes it to the Supreme Court the machine is already in motion, which makes it harder to dismantle.

They appear to be playing a sleazy game with our individual liberties and I don’t like it.  No freedom loving American should.  We need to restore our Constitution and not move further away from it.  We need to send these elitists a powerful message this November.  Frankly I’m getting very tired of our Constitution being treated like a doormat that this Congress has chosen to wipe their feet on instead of follow.  It should turn the stomach of any American that believes in individual liberties, property rights, and freedom.  If the U.S. Chamber of Commerce was smart, they would immediately challenge the constitutionality of this bill.  If the government can seize the private property of a company where does it end?

Liberty forever, freedom for all!


Filed under: Constitution, Financial Reform, H.R. 4173, Politics, U.S. Chamber of Commerce, Video

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  • The Born Again American July 13, 2010 at 10:05 AM

    Since when has this administration worried about anything they are doing being constitutional…

  • John Carey July 13, 2010 at 3:52 PM

    They don't BO…

  • Teresa July 13, 2010 at 8:18 PM

    This is quite sickening. This administration would love to throw the constitution in the ash heap of history. They hate it because the contiitution is suppose to limit their authority over us. We will have to reverse course and pressure the GOP to stand firm on issues and repeal much of what has been passed by this congress.

  • John Carey July 13, 2010 at 8:25 PM

    It is quite sickening Teresa. Soon there will be two camps of people. Those who will defend the Contitution and those who will wish to destroy it.

  • Matt July 13, 2010 at 8:37 PM

    Unconstitutional is par for the course for these folks. Control is the goal, and the Constitution is a speed-bump to them.

    Great post!

  • John Carey July 13, 2010 at 8:49 PM

    Thanks Matt.