"""Second, the Founders and ratifiers of both the 1789 text of the Constitution and of the Tenth Amendment rejected the strict limits on federal authority that characterized the failed Articles of Confederation. For example, a provision of the Articles limited Congress to those powers "expressly delegated" to it. Not only does the Tenth Amendment drop the modifier "expressly," the Founders also insisted upon the Constitution's "necessary and proper" Clause, making clear that every delegated power carries with it the power "to make laws necessary and proper for carrying into execution the foregoing Powers."""""
http://www.bloomberg.com/news/2011-09-26/is-warren-buffett-the-new-andrew-mellon-not-quite-amity-shlaes.html selling us another series of tea-bubbles instead of pronged economic stability.
We have reached a moment in history when ruling cla
ss hysteria has reached an all-time high in its aggressive attempts to prevent the federal government from exercising any form of regulation that might make it accountable to the American people. At the same time, Republican class warriors and their corporate backers seek to hollow out the social state by labeling a government that provides social protections and works in the interest of the public good as evil, repressive and expendable. Robert Kuttner, the co-editor of “The American Prospect” gets it right when he argues:
One of our major parties has turned nihilist…. Government itself is the devil…. Whether the target is the Environmental Protection Agency, the Dodd-Frank Law or the Affordable Care Act, Republicans are out to destroy government’s ability to govern…. the right’s reckless assault on our public institutions is not just an attack on government. It is a war on America.
The most visible face of this war appeared with the economic crisis of 2008 in which Wall Street crooks packaged mortgage debts they knew would fail, implemented widespread fraud on the American public through the promotion of liar’s loans and created a business culture that William Black has called “a criminogenic environment” – an environment that spreads fraud through the lack of regulation and the promotion of a compensation system that creates perverse incentives in which cheaters prosper, “markets become perverse” and honesty is treated as a liability.(7)" yup.
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