logo
  Join        Login             Stock Quote

Congress Finds A Sack

 June 15, 2011 02:44 PM


Now the question is, does it have peanuts or walnuts in it?

A bipartisan group of House members announced on Wednesday that it is filing a lawsuit charging that President Obama made an illegal end-run around Congress when he approved U.S military action against Libya.

Absolutely true.  The War Powers Act requires Congress to approve within 90 days; the intent is to allow "hot pursuit" and similar sorts of actions but not a unitary declaration of war, which is a power that belongs to Congress and not the Executive.

The problem with this sort of "sue sue sue" approach is that Congress can cut off the money immediately.  So what this says is that "right now" Congress lacks the stones to actually enforce this through the process it has, and therefore you have Critters looking for "new ways" to accomplish the goal.

Find a pair of Walnuts Congress; Peanuts will not do.

Oh, and incidentally, the same problem exists when it comes to our debt and budget. 

You need to grow a pair of Walnuts there too and say no more Federal debt - period.

iOnTheMarket Premium
Advertisement

Advertisement


Comments Closed


rss feed

Latest Stories

article imageReversals After a Gap on the Open Could Mean Anything

Yesterday stock indexes gapped up on the open but then reversed course to close sharply lower. This type of read on...

article imageJobless Claims Fall To 15-Year Low

After reading today’s weekly update on jobless claims the Fed’s comment yesterday that “economic activity read on...

article imageGreece, EMU and Democracy

One more post on Greece, possibly not the last read on...

article imageA Tangled Tale Of Rate Hikes & Inflation Expectations

The Federal Reserve continues to signal that it will start raising interest rates later this year, read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

Greece, EMU and Democracy
More Articles on: Politics



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.