Obamalies.net - extremely reliable website.... (but the again, im pretty sure we could go back and look at every president and see where he has had to change course due changes in the political, economic and social environment)
Flaherty: Obama's Actions on Auto Bailout Are Unconstitutional - well not exactly, Cerberus did get a few concessions for giving up its stake.
In 2007, Cerberus and about 100 other investors purchased an 80% stake in Chrysler for $7.4 billion, promising to bolster the auto makerÂ’s performance by operating as an independent company. In 2008, the plan collapsed due to an unprecedented slowdown in the U.S. auto industry and a lack of capital.[6]
In response to questioning at a hearing before the House committee on December 5, 2008 by Rep. Ginny Brown-Waite, Chrysler President and CEO Robert Nardelli said that Cerberus' fiduciary obligations to its other investors and investments prohibited it from injecting capital.
On March 30, 2009, it was announced that Cerberus Capital Management will lose its equity stake and ownership in Chrysler as a condition of the Treasury DepartmentÂ’s bailout deal,
but Cerberus will maintain a controlling stake in ChryslerÂ’s financing arm, Chrysler Financial.
Cerberus will utilize the first $2 billion in proceeds from its Chrysler Financial holding to backstop a $4 billion December 2008 Treasury Department loan given to Chrysler. In exchange for obtaining that loan, it promised many concessions including surrendering equity, foregoing profits, and giving up board seats:
"In order to achieve that goal Cerberus has advised the Treasury that it would contribute its equity in Chrysler automotive to labor and creditors as currency to facilitate the accommodations necessary to affect [sic] the restructuring."[7]
Chrysler Financial refused to take $750 million in Troubled Asset Relief Program (TARP) government bailout aid because executives didn't want to abide by executive-pay limits, and because the firm doesn't necessarily need the money.[8]
On April 30, 2009, Chrysler declared bankruptcy protection and announced that GMAC will become the financing source for new wholesale and retail Chrysler cars.[9]
Chrysler Financial, once the exclusive lending arm of the storied automaker, will liquidate and go out of business by Dec. 31, 2011, according to a letter from the U.S. Treasury Department.
Congress.org - Letter to Rep. Jim Matheson (D-Utah) - it is debatable whether the enhanced screening techniques are constitutional or unconstitutional, and that is for the courts to decide. You can have your opinion on the matter, but being thoroughly searched before boarding an airline is a small concession to have to pay to ensure that I make it to my destination safely. You can always choose not to fly if you disagree with the procedure, or choose to fly privately. there is nothing stopping you from making this choice.
Oh No! Obama?s Bank Tax Is Unconstitutional - this is actually a legal opinion and the case has not been decided. the latest information is from Jan 2010.
Obama Administration Defends Torture Memo Author John Yoo -
"The Obama administration, seeking to dismiss a lawsuit by a U.S. citizen
convicted of terrorism who claims he was tortured, defended former government lawyer John Yoo whose advice justified harsh interrogations."
"John C. Yoo, a former Deputy Assistant Attorney General of the United States, was arrested on Tuesday in Milan, Italy, and is being held for possible extradition to Spain, where he and five other retired officials who served under former President George W. Bush are expected to be indicted by a Spanish court for violations of the Geneva Conventions, the Convention Against Torture, and the Rome Statute of the International Criminal Court."
so Yoo, a US Citizen and a lawyer, who was
convicted of terrorism is crying foul that has was now tortured? legal ploy or truth? we will have to wait to find out.
Obama Signs Patriot Act Extension -
a one year extension for 3 provisions not exactly an exact renewal.
• Authorize court-approved roving wiretaps that permit surveillance on multiple phones.
• Allow court-approved seizure of records and property in anti-terrorism operations.
• Permit surveillance against a so-called lone wolf, a non-U.S. citizen engaged in terrorism who may not be part of a recognized terrorist group.
Obama signs extension of Patriot Act - USATODAY.com
by the way, none of this has actually been determined to violate the Constitution yet.