The new Republican line against Obama is that everything he’s doing to prop up the economy is unconstitutional. Michelle Bachmann last week:
Sir, in the Constitution? What in the Constitution could you point to to give authority to the Treasury extraordinary actions that they take?
It is high time Americans heard an argument that might turn a vague national uneasiness into a vivid awareness of something going very wrong. The argument is that the Emergency Economic Stabilization Act of 2008 (EESA) is unconstitutional.
Arlington, Va.: Isn’t “President fires CEO” as troubling as “Pope fires missile”?
Free market capitalism, despite it’s obvious flaws, has lifted more people from poverty than anything in history. When the president can hire and fire CEOs from corporations, we’re no longer a free market capitalist society. GM is clearly a disaster, but it’s up to their board and shareholders to make those decisions. Obama is clearly just helping his union buddies, but he’s destroying the foundation of our economy as he does it.
Is there anything the Supreme Court can do about it? Isn’t this clearly beyond his constitutional duties? Or, because they’re saying he “resigned”, is Obama safe (and the rest of us doomed)?[….]
it seems from what I read that Wagoner is officially stepping aside, not being fired by the president.: That is also the official line Russia and Venezuela, etc., use when removing CEOs from businesses they dislike. This is a very scary precedent Mr. Obama is setting. Very scary.
Expect to see a lot of this one over the next few months.